Skip to content

Budget Night Bingo: Live Drinking Game!

May 11, 2015

budget-bingo

Yes folks, it’s that time of the year, where once again we hear this Government’s great plans for the year ahead – it’s visionary economic growth strategy that will see Australia propelled head first onto the global stage of economic enviousness.

Taking a leaf out of the Government’s own self-inflicted austerity measures, but without sacking our own staff, we have decided to re-use last year’s Budget Nite Bingo Card, mainly because not a lot has changed since last year, although perhaps tonight we will hear the term “fair” bandied about a fair bit.

INSTRUCTIONS:

Print the picture out in colour and cut it out with a pair of scissors. Using some glue (optional) stick it onto a piece of cardboard. Allow to dry. Tune in to the Live Budget Broadcast on ABC at 7:30pm and when you hear Joe Hockey say something funny check your Bingo Card and if what he is saying is written there take a slug of wine or beer (or spirits if you prefer).  Compare notes with other people here at the blog “in real time!””

If you’re sober at the end, you’ve lost.

PS. The Gutter Trash does not condone irresponsible drinking. Enjoy alcohol in moderation. (Which is where you might find egg).

Advertisements
327 Comments leave one →
  1. May 12, 2015 6:56 pm

    I nominate:

    Fair and reasonable
    Fair and measured
    What’s right for Australia/the country
    Trajectory back to surplus

  2. May 12, 2015 7:19 pm

    Words we won’t hear tonight:

    Environment
    Renewable Energy
    Green economy
    Climate change

  3. May 12, 2015 7:23 pm

    Words we heard last year that we won’t hear this year:

    Lifters
    Leaners
    Once in a generation reforms
    Envy of the world
    We should celebrate, celebrate
    Prosperity is not a gift

  4. May 12, 2015 7:30 pm

    Joe looks apprehensive.

  5. May 12, 2015 7:31 pm

    The blond nodder twins are seated behind Joe.

  6. May 12, 2015 7:31 pm

    He’s speaking to me!

  7. May 12, 2015 7:32 pm

    Terrorist events. sip.

  8. May 12, 2015 7:32 pm

    Navigating the difficult transition.

  9. May 12, 2015 7:33 pm

    Headwinds!

    Slurp.

  10. May 12, 2015 7:34 pm

    Sensible savings.

  11. May 12, 2015 7:35 pm

    Joe sounds nervous…

    Note to self: one month waiting before he can get the dole.

  12. May 12, 2015 7:36 pm

    “freedom to participate in the workforce”

    Yay, we’ve never had that before!

  13. May 12, 2015 7:37 pm

    You’d think they could refrain from heckling for half an hour, during parliament’s biggest live audience of the year.

  14. May 12, 2015 7:40 pm

    “Every big business in the world started small” Who knew?

  15. May 12, 2015 7:43 pm

    “New businesses create new jobs” Sheer Genius, why hasn’t anyone thought of this before?

  16. May 12, 2015 7:44 pm

    I know. I’m learning much tonight.

  17. May 12, 2015 7:45 pm

    The Great North. hmmm. Haven’t we heard this one before?

  18. May 12, 2015 7:46 pm

    “Open our Northern Frontier for business”

    CRAPPERVILLE!

  19. May 12, 2015 7:46 pm

    A nation that lives as a family!

    Pardon?

  20. May 12, 2015 7:48 pm

    Yout transition to work program”

    YOUTWRP

  21. May 12, 2015 7:49 pm

    “No new taxes on super under this govt”

    HEAR HEAR!

  22. May 12, 2015 7:49 pm

    “Jobseekers who are facing the most significant barriers to employment”

    You mean like the fact that there are no jobs?

  23. May 12, 2015 7:51 pm

    YOUTWRP

    🙂

  24. May 12, 2015 7:52 pm

    $1.2 billion for tewowwism

    Hooray!

  25. May 12, 2015 7:54 pm
  26. May 12, 2015 7:56 pm

    “Level playing field”

    sip.

  27. May 12, 2015 7:57 pm

    “integrity measures”

    Skoll.

  28. May 12, 2015 7:59 pm

    Working holiday(makers) will pay tax from dollar one, instead of enjoying a $20,000 threshold, “saving $540,000,000 in the budget”.

    I don’t think so. It won’t “save” a cent, because it just removed the attraction for those people to work. In fact, it might even damage backpacker-type tourism.

  29. May 12, 2015 8:00 pm

    Here’s earnest Leigh.

  30. May 12, 2015 8:01 pm

    Leigh Sales

    *groan*

    Is Dulman having a night off.

  31. May 12, 2015 8:06 pm

    I just worked out what the $20,000 (up from $1,000) tax deduction for small business is all about. It means they can buy cars, plant, equipment etc and claim the full value immediately, instead of having to depreciate it gradually year-to-year. That’s a real incentive

  32. May 12, 2015 8:08 pm

    Any small business that wants to replace a vehicle should do it before June 30, and they can claim $20,000 straight away.

  33. May 12, 2015 8:08 pm

    “That’s a real incentive”

    If true, I agree.

    Oddly enough, the Rudd govt did something similar in the midst of the GFC. A cynic might suggest that the Libs stole that idea.

  34. May 12, 2015 8:10 pm

    Journalists interviewing journalists. If only there was more of this.

  35. May 12, 2015 8:12 pm

    “If only there was more of this.”

    Journalists. Is there anything they don’t know?

  36. May 12, 2015 8:13 pm

    Leigh’s concentrating on the politics. The details of the budget are unimportant, apparently.

  37. May 12, 2015 8:17 pm

    Leigh: “why the change in emphasis and language”

    Not a question on policy yet.

  38. May 12, 2015 8:18 pm

    Leigh: “why are you giving youself a leave-pass?”

  39. May 12, 2015 8:19 pm

    “The buck stops here”

    Comedy gold.

  40. May 12, 2015 8:20 pm

    Joe: “the buck stops here”

    Joe: “backpacker tax”

    Joe: “it’s not about me”

  41. May 12, 2015 8:20 pm

    Great. The Hashams are up next.

  42. May 12, 2015 8:21 pm

    Up next: We ask an average family what they think of the budget.

    FFS.

  43. May 12, 2015 8:22 pm

    Anthony Hasham: “we morgij to da roof”

  44. May 12, 2015 8:22 pm

    Fun Facts:

    “I paid Mr Abbott enough” says Mary Hasham.

  45. May 12, 2015 8:23 pm

    “we morgij to da roof”

    LOL…. 🙂

  46. May 12, 2015 8:26 pm

    “Hardly a scientific sample” says ABC journo of the Hashams..

    D’YA THINK???!!

  47. May 12, 2015 8:26 pm

    Has barry had Botox?

  48. May 12, 2015 8:27 pm

    Why the long face, George?

  49. May 12, 2015 8:29 pm

    What, no rooms inside the building?

  50. May 12, 2015 8:32 pm

    Winter is coming.

  51. May 12, 2015 8:33 pm

    Chris Bowen: The World’s Most Boring Man.

  52. May 12, 2015 8:37 pm

    He’s nicely dressed though.

    Have you met Warren Truss?

  53. May 12, 2015 8:52 pm

    Hah. No, I haven’t had the ‘pleasure’, nor could I stay awake, probably.

  54. May 12, 2015 9:06 pm

    It’s been nice, reb, but not quite last year’s thread, which had 560 comments. 😉

  55. Tom of Melbourne permalink
    May 12, 2015 9:10 pm

    I’m afraid I missed the entire event, did I miss anything?

  56. May 12, 2015 9:16 pm

    Not really.

  57. Tom of Melbourne permalink
    May 12, 2015 10:05 pm

    That’s good.

  58. Good for Walrus Budget permalink
    May 12, 2015 10:37 pm

    ” and claim the full value immediately, instead of having to depreciate it gradually year-to-year. That’s a real incentive”

    Exactly !

    My phone has been ringing since 8:15.

  59. armchair opinionator permalink
    May 13, 2015 1:06 am

  60. armchair opinionator permalink
    May 13, 2015 1:19 am

  61. armchair opinionator permalink
    May 13, 2015 1:24 am

  62. armchair opinionator permalink
    May 13, 2015 1:33 am
  63. Tom R permalink
    May 13, 2015 6:53 am

  64. Tom R permalink
    May 13, 2015 7:49 am

    lol, I think this sums up last nights stimulus budget pretty succinctly.

  65. Tom R permalink
    May 13, 2015 8:06 am

  66. Tom R permalink
    May 13, 2015 8:14 am

    Interesting to see that the media are (currently) highlighting the abrupt about face that this grubmint has had on “debt and deficit” Let’s hope they keep reminding people of the absolute hypocrisy being played out on the national stage right in front of us.

    This chart from the budget papers and highlighted by the Westpac economics team last night shows how the Coalition’s second budget affects Australia’s debt profile. It clearly shows that the total amount of debt on issue will climb, very gradually, over the coming decade – whereas under last year’s budget and the mid-year review, it was set to decline.

    ….

    Now sure, there are plenty of things people would rather talk about than gross debt on issue and 10-year Australian government bonds. But this serves to illustrate the epic u-turn in policy and budget philosophy that the Coalition is trying to sell.

    http://www.businessinsider.com.au/this-debt-chart-shows-the-abbott-government-squibbed-the-tough-decisions-in-the-budget-2015-5

    Michael Pascoe has an even bigger dig, he doesn’t believe the numbers at all

    There is something worse than hope in the projections being thrown around – there’s absolute fantasy, thanks to a little technical assumption about growth in the years beyond 2016-17.

    ….

    So who do you trust more, the Reserve Bank or Joe Hockey?

    The RBA last week downgraded its economic growth forecasts by 25 points, but Joe’s budget is having none of that – we’re full speed ahead to above-trend growth.

    https://au.pfinance.yahoo.com/our-experts/michael-pascoe/article/-/27875998/the-big-budget-wheeze-why-the-figures-are-substantially-nonsense/

    I’m guessing that question is rhetorical 😉

  67. Tom R permalink
    May 13, 2015 8:19 am

    Just for “context” 😉

  68. Walrus permalink
    May 13, 2015 8:38 am

    “Just for “context” ……..”

    And that fuckwit called the Kouk adjusted those figures to take into account the NDIS plus the other promises the ALP made.

    Otherwise he has no context

  69. May 13, 2015 8:38 am

    It’s good to see Labor barrackers finally recognising that our debt and deficit budgets are problems. It took a the election of Liberal government for the scales to suddenly fall from their eyes.

    #barrackers #hypocrites #labortalkingpoints

  70. Tom R permalink
    May 13, 2015 9:04 am

    And that fuckwit called the Kouk adjusted those figures to take into account the NDIS plus the other promises the ALP made.

    Or he just used the figures from Treasury 😉

    It’s good to see Labor barrackers finally recognising that our debt and deficit budgets are problems.

    Can you highlight where they said differently from before and other, except when highlighting the hypocrisy of the grubmint?

  71. May 13, 2015 9:23 am

    “Can you highlight where they said differently from before and other, except when highlighting the hypocrisy of the grubmint?”

    Sure. This was Kouk in Feb ’14:.

    All sensible economists are relaxed about Australia’s level of government debt, a point perhaps best seen in the trifecta of triple-A credit ratings from the three major credit rating agencies.

    “It is also worth noting that Australia never should and therefore never will get rid of its government debt despite the over-blown rhetoric of some prior to the election in September.”

    http://www.thekouk.com/blog/debt-bonds.html

    There are endless quotes like that from a wide range of Labor barrackers, before and for a respectable period of time after the last election, who are now fretting over debt levels.

  72. Tom R permalink
    May 13, 2015 9:36 am

    who are now fretting over debt levels.

    Is the kouk “fretting” about debt levels now, or just highlighting the rhetoric?

  73. Tom R permalink
    May 13, 2015 9:37 am

    Highlighting (just fer tosy)

  74. Tom R permalink
    May 13, 2015 9:38 am

  75. Tom R permalink
    May 13, 2015 9:41 am

    Despite an improving global economy, Joe Hockey is spending money in a manner that suggests the Australian economy is being confronted by something as severe as the 2008-2010 global financial crisis. Given the absence of a crisis, this is not sound economic policy.
    ……
    The critical question is why, other than political fancy, is government spending so high?
    ………..
    Collecting all of that revenue and not running a budget surplus shows the problem with the budget is on the spending side. Not in any year of the budget forward estimates is there a forecast to cut government spending in real terms which is unlike the post-crash period when, after the stimulus measures, government spending fell in real terms in 2010-11 and 2012-13.

    http://www.theguardian.com/australia-news/2015/may/12/big-spending-joe-hockey-delivers-a-federal-budget-that-will-please-no-one

    I’m pretty sure that won’t clear anything up for tosy, even though it should 😉

  76. May 13, 2015 9:50 am

    “I’m pretty sure that won’t clear anything up for tosy, even though it should”

    No, I don’t get my “opinion” on the budget from Kouk, unlike some. Athough I do agree with him on this point: “Collecting all of that revenue and not running a budget surplus shows the problem with the budget is on the spending side.” If only all those pundits screaming for higher taxes would understand that.

  77. May 13, 2015 9:52 am

    Nothing says ‘I’m a partisan Labor groupie’ like the re-tweeting of Labor talking points.

  78. Splatterbottom permalink
    May 13, 2015 10:06 am

    “Nothing says ‘I’m a partisan Labor groupie’ like the re-tweeting of Labor talking points.”

    Sadly it is the only option for those who can’t think for themselves.

  79. Tom R permalink
    May 13, 2015 10:07 am

    No, I don’t get my “opinion” on the budget from Kouk, unlike some.

    Neither do I, as I would think my links just this morning would attest. The other link, however, was to highlight to you that, at some times, spending is good (ie, like if there is a global market meltdown fer instance) And, it is also important to not spend frivolously (I’ll highlight again that “after the stimulus measures, government spending fell in real terms in 2010-11 and 2012-13. “)

    Nothing says ‘I’m a partisan Labor groupie’ like the re-tweeting of Labor talking points.

    And nothing says “I want to ignore all those arguments” by calling them “partisan groupies”, because we all know libtika is a Labor plant, as is Paul Colgan (from Business Insider) 😯

  80. Tom R permalink
    May 13, 2015 10:13 am

    More lefty Labor groupthink from lefty Labor grouthinkers

    It is a cash splash limited only by the imagination. It will cost billions of dollars and it is the centrepiece of the Abbott government’s get-out-of-jail budget as it looks to shore up votes ahead of an election next year.
    From 7.30pm on budget night Australians operating small businesses – and there are millions of them – will be invited to go on a spending binge for two years to stimulate the economy.

    http://www.smh.com.au/business/federal-budget/federal-budget-2015-cash-splash-part-of-a-economic-masquerade-20150512-1mzhc6.html

    Will he personally thank Swan for his inspiration one wonders?

  81. Walrus permalink
    May 13, 2015 10:23 am

    “Will he personally thank Swan for his inspiration one wonders?”

    Why would he ?

    This is targeted at those businesses that employ people.

    $900 cheques to dead people and backpackers who have left Oz didn’t do much for us. Not forgetting the insulation that killed a few people then we had to pay to get it ripped out.

    We might as well just employ people to dig holes and fill them in again.

  82. Tom R permalink
    May 13, 2015 10:24 am

    From that last link, it looks like he’s put even Swan to shame

    The small business package has been costed at $5.5 billion but it could be far more if Australians let their imaginations run wild to the endless lurks and perks Treasurer Joe Hockey is serving up as part of a grand buffet of stimulus offerings.

    They include an immediate tax deduction on asset purchases of up to $20,000 – applied to an unlimited amount of purchases. Everything, literally including the kitchen sink, is available for a tax deduction for businesses that earn less than $2 million a year in revenue.

    You don’t have to have a company, just an ABN. Australians will be tripping over themselves to set up a new business to qualify for the generous tax deductions and cut to tax rates.

    I’ll be back in a moment, just gotta pop out and grab myself an ABN 😉

    What “crisis” is this waste and deficit for again?

  83. Tom of Melbourne permalink
    May 13, 2015 10:25 am

    I recall stuff like –
    *Our debt is about the lowest in the world and therefore not problem
    *It’s like having a mortgage of $10,000 and an income of $100,00, so don’t worry about it
    *Swan has it under control

    Yep, even ALP types are now recognising that the the points they used to make were bulls**t

  84. armchair opinionator permalink
    May 13, 2015 10:25 am

    I’m glad I was working and didn’t catch big joe sweat his way through another best day of his life. Something seems to be missing from him though, I just can’t think what.

  85. Tom R permalink
    May 13, 2015 10:26 am

    This is targeted at those businesses that employ people.

    Just thought I’d highlight that as I rush off to get me ABN 😉

  86. Tom of Melbourne permalink
    May 13, 2015 10:27 am

    I think it was Kouk that likened governmetn debt to having a $10k mortgage with a $100k income, and the economic imbiclie Gillard repeated it.

  87. Tom R permalink
    May 13, 2015 10:29 am

    Yep, even ALP types are now recognising that the the points they used to make were bulls**t

    I’d possibly advise reading my post linking the Kouks comments before making too more of a fool of yourself yomm 😉

  88. Tom of Melbourne permalink
    May 13, 2015 10:30 am

    ‘imbecile”

  89. May 13, 2015 10:32 am

    “”Something seems to be missing from him though, I just can’t think what.””

    Integrity?

    I know what you mean though, I’m picking up on that vibe too.

    And I think it’s no coincidence that Scott Morrison is looking decidedly pleased with himself lately…

    Mind you, a mere 12 months ago Hockey was crowing about how the Budget at that time was all about making the tough decisions that were “right for Australia”and now 12 months later all that tough talk has vanished (despite falling revenue, which arguably would have called for even tougher measures), and replaced with a comparatively moderate Budget that today is somehow meant to be “what’s right for Australia” now.

    Does that mean Abbott and Hockey et al, have now decided that a bit of debt and deficit isn’t that bad after all?

    *Patiently waiting for ToSY and Walrus to point out that hypocrisy.

  90. Tom of Melbourne permalink
    May 13, 2015 10:32 am

    Why? I’m just commenting. Do you recall him likening debt to mortgage & income?

    What a dill, and Gillard repeated it!

    Does anyone still make that analogy?
    ———
    Still, if ALP types belatedly agree that debt is now a problem, that’s good.

  91. Tom R permalink
    May 13, 2015 10:32 am

    and the economic imbiclie Gillard repeated it.

    There have been plenty of idiotic repeats along the same line yomm, there will be many more.

  92. Tom R permalink
    May 13, 2015 10:35 am

    ‘imbecile”

    My bad, I’ll fix it then

    “I’d possibly advise reading my post linking the Kouks comments before making too more of an imbecile of yourself yomm 😉 “

  93. armchair opinionator permalink
    May 13, 2015 10:37 am

    http://www.theguardian.com/australia-news/live/2015/may/13/budget-2015-giveaways-spark-early-election-speculation-politics-live

    …Can anybody guess the backdrop/location for today’s made-for-TV news post budget event from the prime minister?

    I’ll give you a hint. It may be a place where someone can buy something worth up to $20,000 and then claim a 100% deduction for the purchase…

    …A couple of other things worth a mention. The government has found $1.4m over four years to implement an injury compensation scheme for parliamentarians.

    There is also $4m to establish something called Australian Consensus. “The Australian Consensus, which will be based on the Copenhagen Consensus approach, will bring together leading economists and other experts to deliver advice on the costs and benefits of solutions to national, regional and global challenges.” Scandi. So hot right now. This is actually the Bjorn Lomborg thing. Which is now not happening. But the dollars in the budget indicate that the government remains keen for this to happen. Somewhere. Somehow. Some way…

  94. Tom R permalink
    May 13, 2015 10:37 am

    *Patiently waiting for ToSY and Walrus to point out that hypocrisy.

    You may as well step out and grab yaself an ABN while you wait reb (or grab another if you already have one, the skies the limit apparently)

    Joe Hockey is turning into Wayne Swan and then some.

    Whereas Swan allowed small businesses to write off spending on equipment up to $6500, Hockey is allowing them to instantly write off spending up to $20,000. And to do it again and again. There’s no limit on the number of times small businesses can get the Tax Office to fund a big chunk of $20,000 right through until July 2017.

    http://www.smh.com.au/business/federal-budget/federal-budget-2015-joe-hockey-takes-his-budget-tips-from-wayne-swan-20150512-1mzgys.html

  95. Tom of Melbourne permalink
    May 13, 2015 10:39 am

    The analogy was then repeated ad nauseam on those “left leaning” blogs, quoting both Gillard and Kouk – so apparently it was “factual”

    But finally even ALP types have now realised that the analogy was crap, everyone seems to agree that debt is now a problem, and quite different to having a $10k mortgage with a $100k income.

    Given this hopeless record and pathetic level of understanding of basic economics, why do people still quote Kouk as some type of expert?

  96. Tom R permalink
    May 13, 2015 10:39 am

    But the dollars in the budget indicate that the government remains keen for this to happen. Somewhere. Somehow. Some way…

    Just tell bjorn to get a fucken ABN like the rest of us!

  97. armchair opinionator permalink
    May 13, 2015 10:42 am

    …Still, if ALP types belatedly agree that debt is now a problem, that’s good…

    I’ll go out on a limb and say that private debt is a huge problem and the treasurer telling everyone to spend up for the country is going to make things a lot worse.

    Where’s the money for our DV crisis that has been given lots of publicity? talk is cheap, but the actions show the commitment.

  98. May 13, 2015 10:43 am

    “*Patiently waiting for ToSY and Walrus to point out that hypocrisy.”

    I’m happy to. If they are saying debt and deficit is good (although I haven’t read that anywhere.)

    Just to clarify my own position: Debt = Bad; Deficit Budgets = Bad.

  99. Tom R permalink
    May 13, 2015 10:44 am

    everyone seems to agree that debt is now a problem

    ROFL yomm (no, really, read what the kouk said, understanding might filter through)

    I’ll even highlight a bit AGAIN for you to see if that helps 😉

    Despite an improving global economy, Joe Hockey is spending money in a manner that suggests the Australian economy is being confronted by something as severe as the 2008-2010 global financial crisis. Given the absence of a crisis, this is not sound economic policy.

    Spending is good, when done wisely, and when needed.

    Considering they are slashing money from health and education, STILL, where the fuck is all this money going? ……….. Still haven’t got my ABN yet… better rush [sarc]

  100. Tom R permalink
    May 13, 2015 10:45 am

    COMPLETELY OFF TOPIC (but perhaps will soothe rebs sore head)

  101. May 13, 2015 10:46 am

    What simpleton came up with the idea that if you get yourself an ABN you can instantly claim $20,000? You then have to spend $20,000 dollars on business related equipment.

    So sure, go get yourself an ABN, but you’ve then got to come up with $20,000, and spend it.

    Gee, that’s a get rich scheme if I ever saw one.

  102. May 13, 2015 10:48 am

    “You may as well step out and grab yaself an ABN while you wait reb (or grab another if you already have one, the skies the limit apparently)”

    🙄

  103. armchair opinionator permalink
    May 13, 2015 10:48 am

    …Whereas Swan allowed small businesses to write off spending on equipment up to $6500, Hockey is allowing them to instantly write off spending up to $20,000. And to do it again and again. There’s no limit on the number of times small businesses can get the Tax Office to fund a big chunk of $20,000 right through until July 2017…

    small business? your subbies and your owner + apprentice/worker being able to afford all that? Seems more like large business will be most advantaged.

    Surely this is going to cost us a motza, could this be another roof insulation moment [at least the general public benefited from that one]

  104. Tom of Melbourne permalink
    May 13, 2015 10:51 am

    So Tom R, I’d imagine you’ll agree that Kouk demonstrated economic ignorance when he used that analogy, and everyone who repeated it showed basic economic illiteracy.

  105. May 13, 2015 10:52 am

    “Surely this is going to cost us a motza, could this be another roof insulation moment [at least the general public benefited from that one]”

    What you are not taking into account is that these things have always been written down, only they were depreciated over a longer period of time. All this does is brings a portion of the deduction forward, making it more attractive to invest now.

    http://atotaxrates.info/tax-deductions/ato-depreciation/ato-depreciation-rates/

  106. armchair opinionator permalink
    May 13, 2015 10:53 am

    …Just tell bjorn to get a fucken ABN like the rest of us!…

    I can see it now, this australian consensus. The new government funded home of the IPA and the US teabags. Propaganda central for CC denial.

  107. Tom R permalink
    May 13, 2015 10:57 am

    making it more attractive to invest now.

    Precisely!

    My new computer software company (which I think will have a shelf life of … say til 2017) will be buying up big on gaming computers, tvs and mobile phones. Shame the business failed 😦

    but you’ve then got to come up with $20,000, and spend it.

    And then get it all back in my tax return. Nicely played that man 🙂

  108. May 13, 2015 11:07 am

    “And then get it all back in my tax return.”

    Um, no. You get to reduce your taxable income by $20,000. You don’t get cash back. If your software company went broke then that’s just too bad. Join the other tens of thousands who tried and failed.

    I knew you were no good at maths, but it looks like you don’t understand basic taxation principles, either.

  109. Tom R permalink
    May 13, 2015 11:11 am

    Aww tosy, don’t spoil me fun with reality 😦

  110. Tom R permalink
    May 13, 2015 11:13 am

    Now to go and find out what I can right it off against 😉

  111. May 13, 2015 11:17 am

    “The ATO depreciation rates determine tax deductions which represent the decline in value over time of assets which are associated with your income-earning activities.Tax deductions can be claimed for depreciable assets, and certain capital works.”

    http://atotaxrates.info/tax-deductions/ato-depreciation/

  112. Tom R permalink
    May 13, 2015 11:18 am

    More pinky lefty stuff

    Joe Hockey’s best effort at tackling multinational tax avoidance is worth a total of $30 million over four years – less than 1/60th of Labor’s multinationals package.

    After spending months promising to reap “billions” from tax integrity measures, Joe Hockey’s own budget papers reveal him as a fraud.

    There are no billions, only asterisks.

    This is pathetic inaction on ensuring multinational companies pay their fair share of tax. Multinational CEOs must be shaking in their boots today.

    http://www.andrewleigh.com/budget_shows_hockey_s_multinational_tax_policy_raises_30_million_over_four_years_media_release

  113. Tom R permalink
    May 13, 2015 11:20 am

    Thanks tosy, I’m sure I can still claim my computers 😉

    I better find out something, cos otherwise, our household has just lost out by thousands in this budget (according to some news site generator my wife just played with, over $12,000 apparently?)

  114. armchair opinionator permalink
    May 13, 2015 11:22 am

    Federal budget 2015: A budget that will restore political fortunes but at a cost
    http://www.smh.com.au/business/federal-budget/federal-budget-2015-a-budget-that-will-restore-political-fortunes-but-at-a-cost-20150512-1mzh2s.html

    …But the reworked measures will do a lot less to reduce the budget deficit over time. Overall, the budget’s measures actually slow the return to surplus by more than $9 billion over four years..

    More seriously, this budget does far too little to bolster spending on infrastructure while tightening up on recurrent spending…

    But he’s the infrastructue PM!

    …And there’s one respect in which nothing has changed: the tax perks of the well-off – superannuation concessions, negative gearing, discounted tax on capital gains, family trusts – remain untouched…

    And give them more, let them depreciate at 100% right now, let er rip!

  115. May 13, 2015 11:25 am

    “This is pathetic inaction on ensuring multinational companies pay their fair share of tax. Multinational CEOs must be shaking in their boots today.”

    Where has it been shown that any of these companies are paying anything other than the exact amount they are required to pay under current laws? Personally, I don’t think either party will raise any money from these measures. Unless they want to change existing laws, in which case they risk chasing these companies away. Which party would be ‘courageous’ enough to do that?

  116. Walrus permalink
    May 13, 2015 11:32 am

    “It’s offensive and insulting to women who have abided by the law.”

    So what……………………..now they can abide by the new law.

    Spare me the outcry from the mainly public servants who were practicing double dipping or whatever you want to call it.

    Go talk to someone who actually gives a fuck about your situation.

    Otherwise just keep ya legs clamped fast together

  117. Walrus permalink
    May 13, 2015 11:34 am

    “This is pathetic inaction on ensuring multinational companies pay their fair share of tax.”

    There wont be any proper action until there is international concensus.

    Good luck with that one …………………………ROFLMAO

    A Tax version of “Copenhagan” anyone ?

  118. Splatterbottom permalink
    May 13, 2015 11:39 am

    “Personally, I don’t think either party will raise any money from these measures. Unless they want to change existing laws, in which case they risk chasing these companies away. “

    They are changing existing law. Treasury has draft legislation amending Part IVA which is the general anti-avoidance provision.

    Essentially the legislation is saying that where a foreign multinational (eg the Singapore or Irish subsidiary of Apple/Google/Microsoft) sells product to an Australian entity and the sale takes place outside Australia (eg contract made in Singapore or Ireland) then the transaction will be taxed as if it occurred in Australia and not, as is currently the case under existing law be taxed only in Singapore or Ireland.

    The multinationals won’t go elsewhere as they will still profit from selling stuff to Australians.

    Most likely they will not want to be taxed both in Singapore/Ireland and Australia and will restructure to ensure the sale takes place in Australia, in which case it will be taxed only in Australia.

  119. Tom R permalink
    May 13, 2015 11:41 am

    So what……………………..now they can abide by the new law.

    Can Labor then imply they are ripping off tax when they change it again then?

    Otherwise just keep ya legs clamped fast together

    For a while I thought you were talking to me. Just to be sure ……………


    There wont be any proper action until there is international concensus.

    Or until they implement Labors laws 😉

    But, to the real crux of the stimulus budget

    Had a Labor Treasurer came up with the same big spending and deficit priming the Liberals’ outrage would have gone off the Richter scale.

    http://thenewdaily.com.au/federal-budget-2015/2015/05/12/paul-bongiorno-budget-save-joes-bacon/

    I can imagine the media group think should Shorten try and pull what yabot did. No hope.

    But again, One of the biggest spending budgets of all time, and yet so much feting ripped out of health, education and sciences, and we will be thousands worst off (should it all get through)

    They still don’t get “fairness” at all, do they?

  120. May 13, 2015 11:42 am

    “”Do you recall him likening debt to mortgage & income? What a dill, and Gillard repeated it! Does anyone still make that analogy?”

    Would you prefer an analogy where debt is a big fire, and the government is a fire truck?

  121. May 13, 2015 11:45 am

    “”So Tom R, I’d imagine you’ll agree that Kouk demonstrated economic ignorance when he used that analogy, and everyone who repeated it showed basic economic illiteracy.””

    How about that fire truck analogy though, did ya think that demonstrated a sound grasp of the complexities of economic management?

  122. Tom R permalink
    May 13, 2015 11:45 am

    Unless they want to change existing laws, in which case they risk chasing these companies away.

    Yea, just like the Mining Tax and Carbon Price DIDN’T

    Spare us the scare campaigns, they’ve had their day. (one would hope)

  123. Tom R permalink
    May 13, 2015 11:47 am

    Election NOW!

    (conservatives still calling for……)

  124. armchair opinionator permalink
    May 13, 2015 11:48 am

    Unless they want to change existing laws,

    yes, that’s exactly what I want.

    in which case they risk chasing these companies away.

    Let them go, the same way that our manufacturing industry had to. Do we really need them if they are paying next to nothing in tax anyway? Why not move to change the way the entire system operates?

    We should be pursuing the tax avoiders the same way that we pursue welfare cheats, they are defrauding the country, why should one of them be allowed impunity?

    https://www.ato.gov.au/Media-centre/Speeches/Other/Global-tax-avoidance-and-its-effects-on-Australia-s-economic-prosperity/

    …Low tax jurisdictions attract the income without the economic investment and it does them little good. Productive economies lose the income and lose the ability to sustain themselves…

    And then governments want to either tax the citizens more or want austerity measures for all except those who have caused the giant hole in our tax income.

  125. Tom R permalink
    May 13, 2015 11:48 am

    Would you prefer an analogy where debt is a big fire, and the government is a fire truck?

    Still a little sad I haven’t yet seen hockey portrayed as a drunken Sailor (on a Greek ship no less)

  126. armchair opinionator permalink
    May 13, 2015 11:53 am

    Would you prefer an analogy where debt is a big fire, and the government is a fire truck?

    I think the tried and true analogy is the kitchen table economics, mum and dad sitting at the kitchen table pouring over their household bills!

    intergenerational debt gets a good run too, some here are fond of it [except for when they need to tighten their own belts or change their own behaviour for their grandkids]

  127. Splatterbottom permalink
    May 13, 2015 11:53 am

    The $20k tax write off is a disaster in policy terms. Many of Wally’s clients will not be paying tax for years to come (assuming he bothers with those earning $2m per year).

    The insane thing is that this tax break is not limited or capped. The cost to the revenue is not able to be calculated with any accuracy. It would have been easy enough to place a limit per business.

    Good news for tax planners, though.

  128. Tom R permalink
    May 13, 2015 11:54 am

    We should be pursuing the tax avoiders the same way that we pursue welfare cheats, they are defrauding the country, why should one of them be allowed impunity?

    Low hanging fruit is easier and more palatable to todays tonight audience (as long as they fail realise that THEY are the low hanging fruit.)

  129. Tom R permalink
    May 13, 2015 11:57 am

    The insane thing is that this tax break is not limited or capped. The cost to the revenue is not able to be calculated with any accuracy.

    I AGREE!

    Although, in the short term, it will provide the stimulus the country so badly needs. I was fearing a recession. I think though, without some more practical budgets soon, we’ll still get one, just delayed for a year or so

    Which is why my moneys still on an election before the next budget, prob before the end of the year.

    Just in time for Labor to cop it again 😉

  130. Tom R permalink
    May 13, 2015 11:59 am

    Good on them, although, not sure how this will impact renewable investments, who seemed very keen for ANY sort of deal at this stage.

  131. Tom R permalink
    May 13, 2015 12:00 pm

    Good news for tax planners, though.

    Yep

    More grubmint subsidies for any already over subsidised industry 😉

  132. Neil of Sydney permalink
    May 13, 2015 12:00 pm

    And i have to say it again.

    We have all these problems because TomR, Toilet, Walrus, Scatterbum, TB, AO and of course the great Reb who all voted for Rudd in 2007.

    I blame everybody who voted for Rudd in 2007 for most of our current problems.

  133. Splatterbottom permalink
    May 13, 2015 12:02 pm

    “We should be pursuing the tax avoiders the same way that we pursue welfare cheats, they are defrauding the country, why should one of them be allowed impunity?”

    Before or after we change the law? At the moment most of them are doing nothing wrong! Which is why the law is being changed. So how are they defrauding the country and how would you prosecute them now?

  134. armchair opinionator permalink
    May 13, 2015 12:06 pm

    Otherwise just keep ya legs clamped fast together

    How about keeping ya penis to yourself. Perhaps we should make it mandatory for the men to stay at home with the kid for half of the parental leave?

  135. Tom R permalink
    May 13, 2015 12:07 pm

    At the moment most of them are doing nothing wrong!

    At the moment most of them are doing nothing LEGALLY wrong! That doesn’t mean that what they are doing is right, it is just not illegal.

    Yet.

  136. armchair opinionator permalink
    May 13, 2015 12:09 pm

    After we change the law of course sb. If they are doing nothing wrong now, why is the ATO chasing them offshore and why are they entering into ‘agreements’ to pay [some of] what they owe?

  137. armchair opinionator permalink
    May 13, 2015 12:12 pm

    Don’t feed it.

  138. May 13, 2015 12:14 pm

    “At the moment most of them are doing nothing LEGALLY wrong! That doesn’t mean that what they are doing is right, it is just not illegal.”

    If it’s legal, then it’s not wrong.

    Or are you moralising?

  139. Neil of Sydney permalink
    May 13, 2015 12:21 pm

    Don’t feed it.

    You voted for Rudd in 2007 and created all these problems.

    So did scatterbum, WALRUS, and i will say it again, WALRUS, TB, Toilet, and the great and wonderful REB who allows me to post even though he hates me.

    All you fucktoids are all responsible.

    PS i for got to mention TomR, the master of deceit.

  140. armchair opinionator permalink
    May 13, 2015 12:22 pm

    I was fearing a recession

    I thought we were already in one, it was just being kept a secret from us. Everyone I speak to complains of low and falling wages, people treading water, even business owners.

  141. armchair opinionator permalink
    May 13, 2015 12:31 pm

    If it’s legal, then it’s not wrong.
    Or are you moralising?

    The churches were legally able to get their hands on kids, is their child sexual abuse and physical torture not wrong then?

  142. May 13, 2015 12:33 pm

    “The insane thing is that this tax break is not limited or capped.”

    I’m comfortable with the accelerated depreciation policy. Depreciation brought forward is not revenue forgone. It would be claimed anyway, just over a longer period.

    As far as it being “uncapped”, goes, I credit (most) business owners with enough brains to be buying only equipment that they need and can afford. It’s automatically capped by capital and cash-flow constraints of the individual businesses.

  143. Splatterbottom permalink
    May 13, 2015 12:34 pm

    “The churches were legally able to get their hands on kids,”

    WTF? When was child abuse ever legal?

  144. May 13, 2015 12:36 pm

    “The churches were legally able to get their hands on kids, is their child sexual abuse and physical torture not wrong then?”

    Not sure what you mean here. It’s illegal, and wrong.

    Tom R was obviously talking about tax minimisation being legal but morally wrong. I just wanted him to say it. 😉

  145. Tom of Melbourne permalink
    May 13, 2015 12:38 pm

    I missed all the budget stuff, who’s the dill that said fire truck?

    Kouk? Swan? Or someone just as incompetent?

  146. Tom R permalink
    May 13, 2015 12:45 pm

    Tom R was obviously talking about tax minimisation being legal but morally wrong. I just wanted him to say it.

    Of course, being morally wrong won’t stop people from doing it, as we have seen.

    I credit (most) business owners with enough brains

    lol. C’mon, it’s a tax rort used to stimulate the economy, which, Given the absence of a crisis, is bemusing. Unless of course they admit that under their stewardship, we were heading for a recession?

  147. Tom R permalink
    May 13, 2015 12:46 pm

    Kouk? Swan? Or someone just as incompetent?

    Try someone even more incompetent. 😉

  148. Neil of Sydney permalink
    May 13, 2015 12:47 pm

    Try someone even more incompetent. 😉

    TomR

  149. armchair opinionator permalink
    May 13, 2015 12:49 pm

    Not sure what you mean here. It’s illegal, and wrong.

    I was just using your analogy, if something is legal then it must be OK, morals can’t can’t come into it. Therefore, letting the churches legally have kids to do with what they will, has to be OK too, right?

    Of course that’s a logical fallacy, but so is yours and that is what I’m pointing out.

  150. May 13, 2015 12:49 pm

    “I am not evading tax in any way, shape or form. Now of course I am minimizing my tax and if anybody in this country doesn’t minimize their tax they want their heads read because as a government I can tell you you’re not spending it that well that we should be donating extra.”

  151. May 13, 2015 12:53 pm

    “C’mon, it’s a tax rort”

    In what way is it a rort?

    http://www.oxforddictionaries.com/definition/english/rort

    Definition of rort in English:
    noun

    informal
    1 Australian /NZ A fraudulent or dishonest act or practice:

  152. May 13, 2015 12:55 pm

    “Of course, being morally wrong won’t stop people from doing it, as we have seen.”

    Of course not, because we then have to decide whose version of morality to use. Whereas we can work out which laws apply without needing to make moral judgements.

  153. armchair opinionator permalink
    May 13, 2015 12:55 pm

    Put it this way. why do you think that corporations back off at a furious rate of knots when there is a public back lash to anything perceived as immoral and unethical corporate behaviour. Why do they want the respect of public opinion [society] so much?

    Why is public image so important to them if morals are completely unnecessary to business?

  154. Tom R permalink
    May 13, 2015 12:59 pm

    TomR

    I have to pay that, and acknowledge that I am less competent than the Kouk or Swan.

    But don’t dare put me behind hockey (for many reasons)

    This budget represents a complete surrender: to the Senate, the opposition, nervous backbenchers and perhaps a public unwilling to accept tough fiscal restraint.

    http://www.theaustralian.com.au/national-affairs/budget-2015/budget-2015-this-is-not-leadership-it-is-surrender/story-fntfa2d0-1227352586370

  155. armchair opinionator permalink
    May 13, 2015 1:01 pm

    Whereas we can work out which laws apply without needing to make moral judgements

    Society makes the laws, so morals will always come into it. Otherwise my nirvana of anarchy would apply 🙂 we know corporations hate anything that looks like anarchy, they want the protection of the rules of society.
    Corporations profit from society, that is why they spend so much time and money on pretending to be upright and moral corporate citizens.

  156. May 13, 2015 1:02 pm

    “This budget represents a complete surrender: to the Senate, the opposition, nervous backbenchers and perhaps a public unwilling to accept tough fiscal restraint.”

    Who wrote that Tom R? It’s behind a paywall.

  157. Tom R permalink
    May 13, 2015 1:04 pm

    In what way is it a rort?

    In the way that many people will be able to take an unfair advantage of it.

    I know the home run business down the road is already rubbing their hands together in glee.

    to take unfair advantage of something
    http://dictionary.reference.com/browse/rort

    At least I’ll know my tax dollars went into their nice new tv’s and computers, coffee machines ……etc They’re quite enthralled atm, because they know that money is coming straight back at ’em 😉

  158. Tom R permalink
    May 13, 2015 1:06 pm

    Who wrote that Tom R? It’s behind a paywall.

    PVO. Maybe try from the tweet I went from. I reckon there must some google like hole from twitter to the oz?

  159. Tom R permalink
    May 13, 2015 1:08 pm

    or this one

    One of the ironies is that this year’s budget bears quite a strong resemblance to Wayne Swan’s budget of 2012. (Who can forget that one — the four budget surpluses I announce tonight?) Had the revenue projections held up, then the path to fiscal consolidation may have been achieved. Similarly, any downside on the revenue side will mean that ongoing deficits, of a potentially large magnitude, are a distinct possibility.

    http://www.theaustralian.com.au/national-affairs/budget-2015/budget-2015-once-bitten-twice-shy-seems-the-order-of-day/story-fntfa2d0-1227352588988

  160. May 13, 2015 1:09 pm

    “PVO”

    It figures.

  161. May 13, 2015 1:11 pm

    “Had the revenue projections held up”

    That’s the problem with budgets, they rely on assumptions and predictions. I’m in the Yogi Berra school when it comes to predictions.

  162. May 13, 2015 1:16 pm

    “In the way that many people will be able to take an unfair advantage of it.”

    Fairness is like morality. It’s subjective.

  163. May 13, 2015 1:17 pm

    “it’s not paywalled, it’s here”

    Still hitting a paywall. You’re not an Oz subscriber are ya? 🙂

  164. Tom R permalink
    May 13, 2015 1:21 pm

    That’s the problem with budgets, they rely on assumptions and predictions.

    Yet it is what we run our economy on. And hockeys are even more hopeful than Swans were.

  165. Walrus permalink
    May 13, 2015 1:33 pm

    “(assuming he bothers with those earning $2m per year).”

    I do care about them…………….I only discriminate against those that cant afford my invoice.

    Afterall $2M a year turnover is still almost $40K per week

  166. May 13, 2015 1:34 pm

    “They’re quite enthralled atm, because they know that money is coming straight back at ’em ;)”

    I still don’t think you get the concept. The money is not coming “straight back at ’em”.

    If they spend up to $20,000 on an income producing asset (not sure a coffee machine produces income), they get to claim it as a deduction in their tax return. So say they made a profit of $100,000 after all other deductions, they would pay tax on $80,000 after this accelerated depreciation. If their tax rate was say 30% they would save $6,000 off their tax bill. Still very attractive, but hardly money straight back at them..

  167. May 13, 2015 1:36 pm

    (Correct me, Walrus, if I’ve got something wrong.)

  168. Walrus permalink
    May 13, 2015 1:37 pm

    “…………So did scatterbum, WALRUS, and i will say it again, WALRUS, TB, Toilet, and the great and wonderful REB who allows me to post even though he hates me………….”

    Dont limit the hate to just REB

    LOL

  169. Walrus permalink
    May 13, 2015 1:43 pm

    “….any downside on the revenue side will mean that ongoing deficits, of a potentially large magnitude, are a distinct possibility.”

    At least Hockey is using just $48 per tonne for Iron Ore. Pretty conservative given that Rio and BHP seem to be having some success in sending other high cost producers broke or screaming in agony as they are pushed to the very brink.

    Yeah…………I’m looking at you Twiggy

  170. armchair opinionator permalink
    May 13, 2015 1:52 pm

    Still hitting a paywall. You’re not an Oz subscriber are ya?

    Like he’d get a cent from me!

    You can go through google or on some walls, if you have chrome like I do, you go into

    settings –>
    show advanced settings –>
    privacy –> content settings –>
    all cookies and site data —>

    type australian into the search box at ‘remove all shown’

    press remove all shown

    this way you can keep getting into the walls after they say you have reached your reading limit.

    Anyway…from PvO

    …It is important to note that the claimed single-digit deficit figure for the final year of the forward estimates, 2018-19, is highly unlikely to materialise, notwithstanding bracket creep. The deficits should reduce year on year, but not to the extent the government wants to crow about.

    Take GDP growth estimates. The government’s own Intergenerational Report estimated GDP growth would annualise at 2.8 per cent over the next 40 years. But this budget moves from realistic assumptions of 2.5 per cent for 2014-15 and 2.75 per cent for 2015-16 to fantasy land thereafter. In 2016-17, the government is predicting GDP growth of 3.25 per cent followed by 3.5 per cent for the two financial years after that.

    While the IGR used the ageing of the population as a key reason to keep its annual rate down, this government has our GDP growth returning to above trend levels as we get older.

    It is counterintuitive. Economists such as Saul Eslake don’t agree it is likely, nor does former Liberal leader John Hewson. And nor does the Reserve Bank, incidentally, which posted downside growth forecasts for the years ahead with a two not a three in front.

    So we can believe the IGR, the RBA and a host of dispassionate independent experts or we can put our faith in the government, which has a rather obvious vested interest in giving the impression that we will get closer to the surplus target sooner than is realistic…

  171. Walrus permalink
    May 13, 2015 1:54 pm

    “(Correct me, Walrus, if I’ve got something wrong.)”

    Pretty much right.

    The best non technical summary of it that I’ve seen can be found here

    http://www.smh.com.au/business/federal-budget/federal-budget-2015-how-do-i-claim-this-20000-tax-break-20150513-1mzgpb.html

  172. Tom of Melbourne permalink
    May 13, 2015 2:01 pm

    The churches were legally able to get their hands on kids

    I think child molestation has been illegal for quite some time.

  173. armchair opinionator permalink
    May 13, 2015 2:09 pm

    …I think child molestation has been illegal for quite some time…

    Are you moralising?

    What if they could rent them out or make money off them?

    What about the navvy work that the kids did under the crack of a whip or someone’s belt, isn’t that good for a profit, hire them out as house servants or cleaners etc?

    Why have they been protected by the police and all authorities if it was illegal?

  174. Tom of Melbourne permalink
    May 13, 2015 2:16 pm

    I agree, it’s disgraceful, but it has always been illegal and immoral.

    Tax avoidance isn’t necessarilly both, and certainly it is far less horrific than molestation of children.

  175. May 13, 2015 2:23 pm

    Who the fuck is Nathan Lee and why does Tom R retweet his opinion on tax policy?

  176. armchair opinionator permalink
    May 13, 2015 2:24 pm

    crikey [paywall, I do have a subscription]

    Just scroll past if bored by long cut & paste.

    What is the point of the Abbott government?
    http://www.crikey.com.au/2015/05/13/what-is-the-point-of-the-abbott-government/

    …The 2015 budget might keep Abbott and Hockey in their jobs, but its failure to be either economically stimulatory or fiscally disciplined suggests the government isn’t really clear on its purpose.

    As more than a few commentators have noted in the last 12 hours, yesterday’s budget looks a lot like a Labor budget — or, more correctly, a kind of conservative fever dream of a Labor budget. Tax receipts are going up — half a percentage point of GDP this year, up another 0.4 of a point next year, 0.3 the following year, then another 0.4, to levels unseen since the Howard years. But spending is going up too: despite Joe Hockey’s efforts to front-load spending into a year when he could blame it on Labor, spending rose from 25.7% of GDP in 2013-14 to 25.9% of GDP this year and it will be 25.9% of GDP next year as well (up from what was forecast in December in MYEFO). In 2018-19, spending will still be 25.3% of GDP, higher than spending in four of the six Labor years.

    Big-taxing, big-spending government, of the kind the Liberals insist only Labor is ever guilty of.

    Indeed, the budget it most resembles is that of 2009, when the Rudd government was firing money at Australians with a cannon and urging them to spend, spend, spend. That year the government spent 26% of GDP to save Australia from recession — growth had been expected to be -0.5% across the year as a result of the financial crisis and the US and European recession, but the stimulus package managed to produce 2.3% growth and keep the unemployment rate below 6%.

    The Rudd government’s stimulus package was broad in nature — the first iteration, at the end of 2008, was a cash splash, but then came the school building programs, social housing and new home grants, more cash, half-arsed programs like pink batts. The Abbott government’s stimulus is being channelled through small business, with the hope of sparking both small business spending and hiring and in turn generating more confidence in the economy.

    Oddly enough, though, the budget figures don’t reflect a lot of confidence that the package will work quickly. Growth for the coming year is forecast to be just 2.75%. Growth will only pick up to at trend or above in 2016-17, so the budget papers say, but unemployment will remain above 6% both in 2015-16 and the following year. That is, whatever stimulatory effects will flow from the package either won’t flow until 2016-17 or will be offset over the next 14 months by other economic factors.

    Moreover, despite Joe Hockey’s “have a go” rhetoric, the government isn’t talking about the need for economic stimulus. Hockey insisted last night that, despite the budget blowout, the rise in unemployment, the slump in growth, the government’s economic plan was working. “We are successfully navigating the difficult transition from a mining investment boom, to one of broader-based growth across our economy,” he claimed. “We have overseen a strengthening of growth in employment, housing construction, retail trade and exports.” None of Wayne Swan and Kevin Rudd’s “here’s some cash, go spend it for the sake of the economy” language from 2009. The government insists all is well and that everything remains on track, despite its own figures and those of the Reserve Bank showing that consumer and business sentiment remains shellshocked.

    It’s as if the Coalition wants to ape the stimulatory effect Labor achieved in 2009, but is so bedevilled by its own ideological obsessions and unwillingness to admit fault that it can only mutter the lines halfheartedly, not understanding the important role that national leaders play in shaping voters’ economic mindset.

    If it can’t successfully mimic Labor, the government isn’t displaying the fiscal discipline and enthusiasm for small government that it claims is in the Liberal DNA. However wrong this claim might be — the Howard government was the highest-taxing government in modern Australian history — it is part of the Liberal mindset that they are the party of low taxes, limited spending and budget surplus. The 2015 budget contradicts this belief in every way. If this budget had outlined a series of aggressive spending cuts that would have hurt the economy in the short term but got the deficit down close to balance, it might have been politically disastrous but it would have been consistent with the Liberals’ self-conception, their own rhetoric, and voters’ regard for them as economic managers. Instead, the path back to surplus — still beyond forward estimates — is based on optimistic projections of economic growth starting later next year, rather than hard decisions like reigning in the tax concessions associated with superannuation, now forecast to top $50 billion in 2018-19 (reducing those is “class warfare” according to Mathias Cormann).

    …Neither fish nor fowl, neither Labor nor Liberal, neither economic stimulator nor stern fiscal taskmaster, what exactly is this government? What purpose does it serve, beyond keeping Labor out of power? If the budget’s goal was to ensure Tony Abbott and Joe Hockey kept their jobs, it prompts the question of why exactly they want their jobs and what they want to achieve in doing them. What is the point of an Abbott government, if the best it can do is just a fiscal parody of its opponents?…

    You’re welcome!

  177. Tom R permalink
    May 13, 2015 2:35 pm

    I still don’t think you get the concept. The money is not coming “straight back at ’em”.

    I’ll be the first to admit that I’m not a tax expert, and I did go to far this morning, but, I still see the options for rort, and the options for non business to “start” a business for some goodies.

    http://www.news.com.au/finance/economy/the-budget-includes-20000-tax-break-for-small-business-heres-how-to-claim-it/story-fn84fgcm-1227353099154

    Although I just saw Wally’s link, which I’ll look at soonish

    Who the fuck is Nathan Lee

    Fuck knows

    and why does Tom R retweet his opinion on tax policy?

    Because it seems to be universally accepted 😉

    CAN I RORT THE SYSTEM?

    Probably. But Joe Hockey says he’s not concerned…….

    From the above link, and there is a clarification, which really doesn’t hold much water. I mean, would a business spend money on stuff the owner wants for his own personal life???? lol

  178. May 13, 2015 2:41 pm

    “I mean, would a business spend money on stuff the owner wants for his own personal life???? lol”

    Oh, I see. You’re saying some people might claim as a business expense something that isn’t really a business expense? I’m sure some people would, and do, do that. But that’s illegal, and probably even immoral. 😯

  179. May 13, 2015 2:44 pm

    “”You’re saying some people might claim as a business expense something that isn’t really a business expense? I’m sure some people would, and do, do that. But that’s illegal, and probably even immoral.””

    But not if you’re Craig Thomson.

    #Ivesufferedenough

  180. Tom R permalink
    May 13, 2015 2:44 pm

    But that’s illegal, and probably even immoral.

    And yet happens daily. And hockey doesn’t seem too troubled

    “People aren’t going to spend money on their business if it’s not going to make them a dollar,”

    Or gets them the latest toy they have been Pyning 😉

  181. May 13, 2015 2:46 pm

    “And yet happens daily. And hockey doesn’t seem too troubled”

    Yes, it does. And surprisingly enough, it happened before this new policy. How did we ever cope?

  182. May 13, 2015 2:47 pm

    Sorry Walrus, it looks like you’ve got some “stiff” competition when it comes to pyning for Julia’s affection..

  183. May 13, 2015 2:48 pm

    “”And yet happens daily. And hockey doesn’t seem too troubled””

    Well you weren’t too phased when it was Thomson engaged in that sort of thing….

  184. May 13, 2015 2:49 pm

    Excuse me, it’s Julie, not Julia. How dare you, sir?

  185. Tom R permalink
    May 13, 2015 2:51 pm

    But not if you’re Craig Thomson.

    @ $20,000 / night, that’s some night!

  186. armchair opinionator permalink
    May 13, 2015 2:53 pm

    Multinational winners and grinners emerge from budget mayhem
    http://media.crikey.com.au/dm/newsletter/dailymail_a1253e461e9c3f81e8f192c30bcaf1ba.html#article_35288

    …Local retailers will of course benefit, none more than Wesfarmers with its hardware giant, Bunnings (we’ve had Howard’s Battlers — how about Tone’s Tradies?) and Officeworks (one of the best performing retail chains of any sort in Australia at the moment). Rival Woolies will get some lift from its Masters hardware chain, which is doing it tough, and its other hardware business, Tradelink. But it sold off Dick Smith two and a bit years ago, so shareholders in that consumer products chain will do nicely, as will those in JB Hi Fi and Harvey Norman. Solomon Lew’s Premier Investments and its group of chains won’t do all that well, unless its new coffeemakers for the office from Breville (26% owned by Premier). Don’t feel too sorry for Lew, though — he and Gerry Harvey will benefit from the crackdown on online imports. Look wider and some building products groups, such as GWA (bathrooms and dunnies) could benefit from the $20,000 no-questions-asked investment. Listed car groups such as AP Eagers and Automotive Holdings will no doubt be scouring their inventories for small utes and vans to flog at $19,999, too. And Telstra, Optus and Vodafone will all benefit from the elimination of FBT on smartphones.

    But much of the ultimate value from the package will pass through retailers and end up on the bottom lines of some of the world’s biggest companies offshore, who will gobble up the additional revenue with the same relish as they tuck into the Irish Double Dutch sandwich. Two of those, it is strongly suspected, feature on the government’s list of 30 multinationals that will be targeted under its new multinational anti-avoidance law, the exposure draft of which was circulated yesterday.

    The proposed law would apply a test to large corporation tax arrangements to determine if a principal purpose is to obtain a tax benefit, and apply laws as if those arrangements didn’t apply. But, crucially, the arrangements must involve a “low tax jurisdiction”, and what exactly constitutes a “low tax jurisdiction” isn’t clear. Presumably the Cayman Islands or Bermuda is a low tax jurisdiction. But is Singapore, that “marketing hub” through which so much of our iron ore seems to flow (in a financial, if not literal, sense), a “low tax jurisdiction”? What about Ireland? Or the Netherlands, or Luxembourg? Australia declaring these countries tax havens isn’t going to go down well, however much these countries are blatantly facilitators of multinational tax dodging. And anyway, ask the OECD about declaring tax havens. Its formal list of “uncooperative tax havens” is empty. There is literally no one on it…

  187. Tom R permalink
    May 13, 2015 2:53 pm

    How did we ever cope?

    By limiting it to depreciation and not a one off payment that sees you get all your money straight back (if you get in before the end of the financial year)

  188. Tom R permalink
    May 13, 2015 2:55 pm

    Well you weren’t too phased when it was Thomson engaged in that sort of thing….

    To be clear, he was only “engaged in that sort of thing…” for not even half of what can be claimed in one hit under this policy.

  189. Tom R permalink
    May 13, 2015 2:56 pm

    Tone’s Tradies

    That is so puke worthy, especially considering last years budget.

  190. May 13, 2015 3:02 pm

    “”Excuse me, it’s Julie, not Julia. How dare you, sir?””

    Forgive me.

    He looks like something out of the Bold and The Beautiful.

    (Not that I’d watch that sort of thing.)

  191. Tom R permalink
    May 13, 2015 3:08 pm

    He looks like something out of the Bold and The Beautiful.

    He looks like Juliea’s hand is controlling him from somewhere.

  192. May 13, 2015 3:12 pm
  193. May 13, 2015 3:12 pm

    “He looks like something out of the Bold and The Beautiful.”

    Do you think he’d be familiar with the term Botox?

    #justaskin

  194. May 13, 2015 3:16 pm

    For those that hark back to the good old days, Catching Up is on Twitter! (And still doing a remarkable Yoda impersonation!)

  195. May 13, 2015 3:17 pm

    “Tone’s Tradies”. It has a kind of ring to it. Sort of like Jim’s Mowing, only not as catchy.

  196. Tom of Melbourne permalink
    May 13, 2015 3:19 pm

    He looks a like like me, with that botoxed forehead, fake tan and dyed hair.

    Julie looks nothing like Fifi.

  197. Tom R permalink
    May 13, 2015 3:21 pm

    I’m sure there was a rule about lying in #QT? 😯

  198. May 13, 2015 3:23 pm

    “I’m sure there was a rule about lying in #QT?”

    Yeah! Why didn’t they charge Thommo with lying? And crying?

  199. Tom of Melbourne permalink
    May 13, 2015 3:24 pm

    Catching Up!

    What a blast from the past!

    …it’s like having a mortgage of $10,000 and a salary of $100,000

    Koukoulas said it so it must be right

    How I miss that type of informed economic commentary from Catching Up.

  200. Tom R permalink
    May 13, 2015 3:28 pm

    How I miss that type of informed economic commentary

    As opposed to someone who’s entire commentary in regards to the 2015 budget is “I don’t like that analogy” 😯

    Meanwhile, back with The minister for womens

  201. May 13, 2015 3:38 pm

    “Double dipping?”

    IT’S FRAUD SAYS JOE HOCKEY…

  202. May 13, 2015 3:44 pm
  203. May 13, 2015 3:56 pm

    PPL was always a “rort” (according to Tom R’s definition: “many people will be able to take an unfair advantage of it”).

  204. armchair opinionator permalink
    May 13, 2015 4:01 pm

    …PPL was always a “rort” (according to Tom R’s definition: “many people will be able to take an unfair advantage of it”) …

    Namely and especially women, they can never be trusted to do the right thing like middle aged, wealthy white men would.

  205. Tom R permalink
    May 13, 2015 4:03 pm

    according to Tom R’s definition: “many people will be able to take an unfair advantage of it

    What, people are going to have a baby to get ppl? It’s not like it’s a plasma screen 😯

    I think the space ships leaving tosy, and they’re just waiting for you 😉

  206. May 13, 2015 4:06 pm

    “What, people are going to have a baby to get ppl?”

    Yes! And people are going to have to invest in their business to get accelerated depreciation. (Unless they do something illegal. Or immoral!)

  207. Tom R permalink
    May 13, 2015 4:06 pm

    “there are people who have been claiming parental leave payments from taxpayers, as well as their employers”

    Which, if memory serves, is how the productivity commission advised it should be.

    Of course, perhaps the productivity commission has advised to give “businesses” as many shots at an immediate $20k as they want? Which even hockey admits will get rorted

  208. Tom R permalink
    May 13, 2015 4:07 pm

    Wow, a baby, for ppl.

    That spaceship can’t wait any longer tosy

  209. armchair opinionator permalink
    May 13, 2015 4:08 pm

    Some young ones don’t have to worry about waiting for benefits.

  210. Walrus permalink
    May 13, 2015 4:10 pm

    “I still see the options for rort, and the options for non business to “start” a business for some goodies.”

    Well if they want to apply to get an ABN then request the ATO give them small business classification so be it.

    But they will attract some attention in time from the ATO. Especially when they dont seem to be making any income at all from their “business’ capital investment.”

    Pretty scary way to buy an expresso machine for the home.

    But please feel free to try your luck and report back to us how it went after you receive the usual standard letter of enquiry from the ATO in Albury requesting you to make immediate contact with their Adelaide Compliance Division on 1800xxxxxxxxx quoting reference number…………………..”YouAreReallyFuckedThisTimeTomR”

  211. armchair opinionator permalink
    May 13, 2015 4:10 pm

    …Yes! And people are going to have to invest in their business to get accelerated depreciation. (Unless they do something illegal. Or immoral!)…

  212. Tom R permalink
    May 13, 2015 4:11 pm

    Some good benefits from the budget though, if Tony’s Tradies buy them and not ghetto blasters.

    The Abbott government’s 2015 Budget has potentially given a major boost to the rooftop solar industry in Australia with the announcement of a $20,000 tax break for small businesses, or “Tony’s Tradies” as the prime minister is calling them.

    The deal means that businesses with revenue of less than $2 million a year can buy any machinery or equipment – including solar modules and maybe even battery storage related to their business.

    http://reneweconomy.com.au/2015/budget-2015-coalition-opens-solar-market-to-tonys-tradies-68765

  213. armchair opinionator permalink
    May 13, 2015 4:15 pm

  214. Tom R permalink
    May 13, 2015 4:15 pm

    Beat me to it AO 🙂

  215. armchair opinionator permalink
    May 13, 2015 4:18 pm

  216. armchair opinionator permalink
    May 13, 2015 4:24 pm

    ‘Promising fairness, delivering incompetence’;
    http://thenewdaily.com.au/federal-budget-2015/2015/05/13/promising-fairness-delivering-incompetence/

  217. Neil of Sydney permalink
    May 13, 2015 4:43 pm

    increase taxes via bracket creep and hey presto a surplus appears.

    Then why didn’t Labor do that?

  218. May 13, 2015 4:45 pm

    “”I think the space ships leaving tosy, and they’re just waiting for you””

    GOLD! 🙂

  219. Walrus permalink
    May 13, 2015 4:47 pm

    “Julie looks nothing like Fifi.”

    Fifi………………….?

  220. May 13, 2015 4:47 pm
  221. May 13, 2015 4:49 pm
  222. armchair opinionator permalink
    May 13, 2015 4:50 pm

    Australian wages rising at slowest annual rate on record after dismal March quarter: ABS
    http://www.abc.net.au/news/2015-05-13/australian-wages-are-rising-at-the-slowest-rate-on-record/6467076

    …Bureau of Statistics figures show wages rose by 0.5 per cent in the March quarter, taking the annual rate of increase to 2.3 per cent – the slowest rate since the data started being recorded in the September quarter in 1997…

  223. Tom of Melbourne permalink
    May 13, 2015 4:51 pm

    $35bn is like having a $100,000 salary and a $35k mortgage. It’s nothing.

  224. Neil of Sydney permalink
    May 13, 2015 4:54 pm

    SHARE if you’re seeing double

    And you people wonder why i am so anti-Labor. Swan predicted a $20B surplus in his first budget and it turned out to be a $20B deficit. A $40B turn around. Swan never got any of his predictions close. No Labor people said much. But of course they would have been mad if a Coalition Treasurer had been out by so much.

    Also can somebody give me a link to that prediction of a $17.1B deficit by Hockey.

  225. May 13, 2015 4:54 pm

    Ged Kearney, The voice of reason.

  226. Splatterbottom permalink
    May 13, 2015 5:08 pm

    “If you get topped-up more than the legal minimum of 9.5% super, is that a ‘double dipping’ ‘rort’ too?”

    Really dumb question from a really dumb Green.

  227. Tom R permalink
    May 13, 2015 5:10 pm

    Then why didn’t Labor do that?

    Look up “fairness” in the reckneck book of antiquated phrases nIl

    Ged Kearney, The voice of reason.

    I AGREE!

    $35bn is like having a $100,000 salary and a $35k mortgage.

    Just to recap, it used to be $18.8k and improving, and only got there due to a global financial crisis.

    Where’s it all gone now? Not health, not education, not science, not middle class workers? Where’s it all going?

  228. Tom R permalink
    May 13, 2015 5:12 pm

    Really dumb question from a really dumb Green.

    Is it as dumb as saying ppl is rorting though, that’s really the question 😉

  229. Tom of Melbourne permalink
    May 13, 2015 5:24 pm

    I think Ged Kearney I’d pretty good, so is Dave Oliver. The ACTU leadership is better than it has been for 20+ years.

  230. Neil of Sydney permalink
    May 13, 2015 6:32 pm

    Just to recap, it used to be $18.8k and improving

    you never change do you. history says that things mainly get worse under labor

  231. May 13, 2015 7:34 pm

    and claim the full value immediately, instead of having to depreciate it gradually year-to-year. That’s a real incentive”

    blubbers””Exactly !”””’

    #ha ha, l knew `our` teabags would love that one

    #what`s the bet a lot of those `depreciation` gifts get spent on iproducts and other that don`t pay tax here

    #stoopid teabags, they can`t get bang for our buck

  232. May 13, 2015 7:51 pm

    armchair””””””I`ll give you a hint. It may be a place where someone can buy something worth up to $20,000 and then claim a 100% deduction for the purchase”””””’

    #from what l`ve seen, that`s a per`line-item` deal too, not `total`, so if biz estimates 100K tax-bill, they can go and buy 5x20k `items` and end-up paying zero #teabags

  233. May 13, 2015 7:53 pm
  234. armchair opinionator permalink
    May 13, 2015 7:58 pm

    [slate] To Battle the Scourge of “Double-Dipping,” Australia Will Cut Paid Family Leave:
    http://www.slate.com/blogs/xx_factor/2015/05/12/australia_paid_family_leave_as_the_u_s_makes_snail_s_pace_progress_they.html?wpsrc=sh_all_tab_tw_bot

    …This is particularly insulting to Australians because the government had previously promised six months of paid leave, an increase from the current scheme of 18 weeks. The Sydney Morning Herald estimates that almost 80,000 new moms will lose their government payments under the new policy. Watching this unfold halfway around the world is hugely dispiriting. It shows that even if we make progress on this issue in America, we can’t relax. We have to keep fighting…

  235. Tom R permalink
    May 13, 2015 8:00 pm

    Regardless of the finer details of the stimulus budget, one thing is clear

    Looks like Keynesian Economics is Back on the Menu 🙂

  236. armchair opinionator permalink
    May 13, 2015 8:02 pm

    …#from what l`ve seen, that`s a per`line-item` deal too, not `total`, so if biz estimates 100K tax-bill, they can go and buy 5x20k `items` and end-up paying zero #teabags…

    That’s exactly what they are going to do.

    Business will make a motza!

    Greedy and unscrupulous business with their hands allowed in the govt funded till – what could go wrong?

  237. armchair opinionator permalink
    May 13, 2015 8:22 pm

    Focus on working parents misses true value of universal early childhood services:
    http://theconversation.com/focus-on-working-parents-misses-true-value-of-universal-early-childhood-services-41608

    …The federal government is abandoning children’s rights to subsidised non-parental care. Apart from 15 hours preschool for four and five-year-olds, the newly announced childcare package focuses on pushing mothers into paid work or more paid work as a condition of subsidy – unless the child is in need of remedial programs, which may stigmatise many users. This contrasts both with overseas evidence that universal access is better for remedying disadvantage and the UK government election promise that all children aged three and older will receive 30 hours of free preschool care, up from 15, because it’s good for all children!…

  238. Walrus permalink
    May 14, 2015 10:10 am

    Ho hum…………………really some of my clients are a bit dopey.

    Had one call me yesterday afternoon to ask if he bought Item X (priced at $23,425) and Item Y (priced at $14,825) would he get the first $20,000 out of the $23,425 for Item x written off immediately.

    I told him “No you would basically have to depreciate it”

    Then I asked if he was buying the 2 pieces of plant from the same place. To which he said “Yes”

    So I suggested he talk to them about lowering the price on the expensive Item X and increasing the price on Item Y so that they are both below $20,000. The retailer still gets the same amount of money

    D’oh……………………..hardly rocket science !

  239. Walrus permalink
    May 14, 2015 10:14 am

    “……from what l`ve seen, that`s a per`line-item` deal too, not `total`, so if biz estimates 100K tax-bill, they can go and buy 5x20k `items` and end-up paying zero #teabags…”

    They still have to pay for it. There is no rebate of tax. It’s just depreciation brought forward into one lump sum. So next year they cannot depreciate it so up goes their tax bill.

    But most of you not having any sense of entrepreneurship would never actually get that.

  240. Splatterbottom permalink
    May 14, 2015 10:33 am

    “D’oh……………………..hardly rocket science !”

    Except that it is a scheme to obtain a tax benefit and would render your client liable to penalties of up to 75% and interest. In addition the fraudulent activity you are advising your client to carry out may well be a criminal offence. Your role in advising the commission of the offence should render you liable on charges of aiding and abetting and conspiracy.

  241. Tom R permalink
    May 14, 2015 10:46 am

    So I suggested he talk to them about lowering the price on the expensive Item X and increasing the price on Item Y so that they are both below $20,000.

    That sounds very rort like to me 😉

    It also sounds like a massive hole in budget coming up. Election by the end of the year?

    TONY JONES: And it may well do that, but let’s just look – let’s do some theoretical sums, if you like. Take the example that’s in your own Budget document: “Sam’s company goes out and buys a new rack oven for $17,000. His company will then get back $4,900,” nearly $5,000 on his tax, that’s correct, isn’t it?

    JOSH FRYDENBERG: Well he’s going to benefit, of course, because he can writeoff that full amount in the first year where otherwise he would have had to write it off over multiple years.

    TONY JONES: But in that year, the Government has to give him back nearly $5,000?

    JOSH FRYDENBERG: Well it’s actually coming off his profits, and look – and his tax payable.

    TONY JONES: It’s revenue the Government would otherwise have got that you would have expected to get and now you’ve got to give it back.

    JOSH FRYDENBERG: Sure.

    TONY JONES: So that’s $5,000 per person – correct?

    JOSH FRYDENBERG: Well it’s revenue that is foregone, but at the same time, maybe that purchase wouldn’t have taken place. And one other good example where we’ve given an instant asset writeoff, if you like, is around for agriculture for new fences. Previously if a farmer had put in a $25,000 fence, he would have had to write it off over 30 years. Now he can write it all off in one year.

    TONY JONES: Yeah, sure. So ho many small – we’ll stick with the Sam case. How many small businesses are there like Sam’s? How many in the country?

    JOSH FRYDENBERG: Well you know there’s over two million small businesses …

    TONY JONES: Right.

    JOSH FRYDENBERG: … and they’re employing 4.5 million people, so it’s the engine room.

    TONY JONES: All I want is the number. So, if every one of those two million did what Sam did, that’s $10 billion you’ve written off in your tax, isn’t it?

    JOSH FRYDENBERG: No, look, you can try those sort of games tonight, Tony.

    TONY JONES: It’s not a game, this is mathematics. This is simple economics, really, isn’t it? If every one of them did what Sam did, that’s how much it would cost in foregone revenue.

    http://www.abc.net.au/lateline/content/2015/s4235330.htm

  242. Tom R permalink
    May 14, 2015 11:15 am

  243. Walrus permalink
    May 14, 2015 11:15 am

    “Except that it is a scheme to obtain a tax benefit and would render your client liable to penalties of up to 75% and interest.”

    Except that its not a “scheme”. In fact its not much different to a couple doing income splitting which is quite standard throughout the tax advisory industry.

    Plus there is a long held legal principle established under common law which simply states that the ATO cannot advise a business on how to run their business (in this case being the retailer selling the items)

  244. Walrus permalink
    May 14, 2015 11:19 am

    “It also sounds like a massive hole in budget coming up. Election by the end of the year?”

    Did Tony Jones ask the same questions to Wayne Swan when they had the same type of scheme ?

    Josh should have pointed out that what is an expense for one Tradie is taxable income for the Retailer.

    They were pretty stupid questions in fact

  245. Tom R permalink
    May 14, 2015 11:23 am

    Did Tony Jones ask the same questions to Wayne Swan when they had the same type of scheme ?

    Swans was limited to around $7,000 MAX for each business from what I have seen recently on twitter, plus more limited in time (can’t really recall those details)

    Not the same opportunity for continual rorting like this offers up, which would have made the question moot.

    Probably didn’t stop him from asking it, or from this same mob labelling it “waste”. Well, what they are doing now makes that “waste” seem quite tame, does it not?

  246. May 14, 2015 11:30 am

    And you people wonder why i am so anti-Labor

    Not really your just a imbecilic lying cunt 🙄

    But this is why I can’t stand this lying dysfunctional fiscal fucktard government..This is good Journalism.

  247. May 14, 2015 11:31 am

    Oh no Tom alert,,, sorry NIL You’re just a imbecilic lying cunt 🙄

  248. Neil of Sydney permalink
    May 14, 2015 11:37 am

    I am anti-labor because everything Swan predicted never happened.

    Also ALP supporters are evil people who tell nothing but lies.

    If Labor gets back in Australia is doomed. The ALP is a corrupt and immoral political party elected by corrupt and immoral people.

  249. Tom R permalink
    May 14, 2015 11:37 am

    cormann just said cutting the gold plated ppl saves $10billion, but we were always told it didn’t cost anything?

  250. Tom R permalink
    May 14, 2015 11:39 am

    I am anti-labor because everything Swan predicted never happened.

    It’s about time to become anti-liberal then isn’t it? 😆

  251. Tom of Melbourne permalink
    May 14, 2015 11:42 am

    When considering where our foreign aid gets directed, it is reasonable to consider human rights too. For example –

    Female military applicants in Indonesia are subjected to virginity tests – including the discredited “two finger test” to determine if the hymen is intact – in order to recruit the “best people” to the armed forces.
    Human Rights Watch is lobbying countries – including Australia – who are attending an international conference on military medicine in Bali next week, to urge Indonesian president Joko Widodo to abolish the “discriminatory and invasive testing”.
    http://www.theage.com.au/world/female-indonesian-military-applicants-receive-twofinger-virginity-tests-20150513-gh1509.html

  252. Neil of Sydney permalink
    May 14, 2015 11:42 am

    The four years of surpluses I announce tonight are a powerful endorsement of the strength of our economy, resilience of our people, and success of our policies.

    Wayne Swan, May 2012

    What predictions did Hockey make in his first budget??

  253. Tom R permalink
    May 14, 2015 12:01 pm

    There was something about “no cuts to health” I recall

    The Abbott government will cut nearly $2 billion from the health system over the next five years, while pushing ahead with controversial changes to the way it funds state-run public hospitals.

    http://www.smh.com.au/business/federal-budget/federal-budget-2015-nearly-2-billion-in-cuts-to-health-system-20150512-1mzh4c?stb=twt

    What is the total of all these accumulated cuts? I know in SA the health system didn’t really handle the last round. Will this break the camels back. And will the state Governments still get the blame?

  254. Walrus permalink
    May 14, 2015 12:01 pm

    “Not the same opportunity for continual rorting like this offers up”

    Business is not going to just fork out cash on stuff they dont actually need. The expenditure is still cashflow negatve to the business.

    A $30K outgoing is still (lets say @30% tax rate) a net $21K out the door.

  255. Tom R permalink
    May 14, 2015 12:03 pm

    Front page splashes at the time, then ………………..

    Commonwealth drops charge against Queensland man arrested in counterterrorism raids

    http://www.abc.net.au/news/2015-05-14/charge-dropped-against-robert-louis-maestracci-terror-raid/6469052

    Rinse Repeat

    And then they wonder why the people they persecute get fucken pissed off!

  256. Neil of Sydney permalink
    May 14, 2015 12:06 pm

    My question was what predictions did Hockey make in his first budget?

    Any one with a brain knows that Wayne Swan is a totally corrupt and immoral person. I would trust hockeys predictions before i would trust the evil Wayne Swan.

  257. Walrus permalink
    May 14, 2015 12:10 pm

    “If Labor gets back in Australia is doomed. The ALP is a corrupt and immoral political party elected by corrupt and immoral people.”

    In which case I might arrange some crowd funding to buy you an air ticket to a different time zone to make you happier

  258. Tom R permalink
    May 14, 2015 12:15 pm

    Business is not going to just fork out cash on stuff they dont actually need.

    Of course not (nudge nudge 😉 😉 )

    The Abbott government’s $20,000 small business tax write-off has been billed as one for “Tony’s tradies” but an exclusive Sydney art gallery is hoping to get a boost from the new budget measure, urging customers to spend up big on artwork for their offices.

    http://www.smh.com.au/business/federal-budget/federal-budget-2015-art-gallery-jumps-on-20000-small-business-tax-writeoff-20150513-gh0lm6.html

  259. Neil of Sydney permalink
    May 14, 2015 12:16 pm

    Walrus

    These deadbeats think money grows on trees. There is not debt problem. And any problem we have can be solved by throwing money at it.

    They also think Costello just git lucky. You most probably think the same.

    If Labor gets back in this country is doomed.

  260. Walrus permalink
    May 14, 2015 12:34 pm

    You’d have to be very brave indeed to go out and buy artwork before the legislation hits.

    I’m not surprised they did do it with Wayne Swann’s scheme. Funny how you failed to highlight that bit

  261. Tom R permalink
    May 14, 2015 12:45 pm

    I’m not surprised they did do it with Wayne Swann’s scheme.

    Did what, spend $20,000 on a painting

    Didn’t I mention a cap? For ALL purchases, not EACH purchase

    They try to be Swanlite, but just end up Plaindumb.

  262. Tom R permalink
    May 14, 2015 12:52 pm

    Best part about the budget, watching the tools on twitter who are missing last years austerity, not realising that that budget is half the reason the libs are now “spending like drunken sailors” in this budget.

  263. Walrus permalink
    May 14, 2015 1:13 pm

    “Did what, spend $20,000 on a painting”

    No………but they spent $7,000 according to the Gallery.

    Thanks Swannie !

    He is the gift that keeps giving…………….even if its just hanging on the wall

  264. May 14, 2015 1:22 pm

    Wise words from that SMH link:

    ‘Institute of Public Accountants chief executive Andrew Conway said the tax deductions wouldn’t be exploited as the ATO had capacity to analyse hundreds of thousands of data points to ensure compliance.

    ‘”The immediate write-off of an asset under $20,000 provides real, direct benefit and cashflow to small businesses now,” Mr Conway said.

    ‘KPMG tax partner James Macky said it was a tax deduction, not a rebate, and so “there shouldn’t be exploitation on the basis that if you’re not paying any tax you get no benefit from the measure”.

    ‘CPA Australia’s head of policy Paul Drum said while all tax measures came with “rort potential”, there would be rules that restricted who could claim the tax breaks and would ensure they had to be genuine loss-making businesses.

    ‘”Wait until you see the rules,” he said. “It won’t be open slather.”‘

  265. Tom R permalink
    May 14, 2015 1:31 pm

    but they spent $7,000 according to the Gallery.

    The point you (deliberatley??) miss is that $7,000 is ALL they could get.

    There is NO LIMIT on how many $20,000 painting they get is there?

    as the ATO had capacity to analyse hundreds of thousands of data points to ensure compliance.

    How many of those “slacker” ps jobs have gone? There’s barely enough people to track what happens now.

  266. Walrus permalink
    May 14, 2015 1:38 pm

    “There is NO LIMIT on how many $20,000 painting they get is there?”

    We dont know what the legislation is going to say. There could well be exclusions. Like I said before you would be very brave indeed to risk it.

    No wonder the gallery was quickly out of the blocks just in case artwork is not included this time around. Best to get in before would be their attitude
    .
    But at least we do know that Swannie didn’t care about the $7,000

  267. May 14, 2015 1:38 pm

    “There’s barely enough people to track what happens now.”

    Apparently they’ve got these new fangled things called computers, which are taking over from the old file card system. They don’t take up as many man-hours, I’m told.

  268. Tom R permalink
    May 14, 2015 1:49 pm

    We dont know what the legislation is going to say.

    True, we are only going on what hockey said. That doesn’t really mean much these days does it.

    I would hope that when they do legislate, they tie it down a bit. Follow Swans lead more closely is my advice 😉

    They don’t take up as many man-hours, I’m told.

    True, but, computers have been around for a couple of years now tosy.

  269. Walrus permalink
    May 14, 2015 2:01 pm

    “Follow Swans lead more closely is my advice”

    I think everyone already has their faulty pink batts now 🙂

    Perhaps Hockey should promise everyone a swimming pool

  270. Walrus permalink
    May 14, 2015 4:10 pm

    I can hardly wait for Bill Shithead’s “Night of Ideas” live on the ABC tonight at 7:30pm. I assume its 7:30pm not that I could be bothered to check it.

  271. armchair opinionator permalink
    May 14, 2015 5:39 pm

    Hockey Postpones Budget Emergency Until Next Labor Government:
    http://www.theshovel.com.au/2015/05/13/hockey-postpones-budget-emergency-until-next-labor-government/

    …The Budget Emergency that has wreaked havoc on the Australian economy over the past eight years has been put on hold and will not be brought back until the Coalition is next in opposition…

  272. Walrus permalink
    May 14, 2015 5:44 pm

    So now we know why that idiot Waleed Aly goes feral every night on the Project about the Federal Government.

    A vested interest………….how unsurprising.

    “Senator Brandis said in a 2013 media release that while some of the new board members were “undoubtedly distinguished leaders”, others, such as Mr Aly and Mr Do, had “far from obvious” credentials in the arts.”

    http://www.smh.com.au/entertainment/art-and-design/george-brandis-turns-arts-into-political-football-with-1047m-australia-council-cuts-20150513-gh0d0n.html

  273. Walrus permalink
    May 14, 2015 5:47 pm

    “…The federal government is abandoning children’s rights to subsidised non-parental care. ”

    Where exactly are these “rights to subsidised non-parental care” enshrined in legislation ?

  274. Walrus permalink
    May 14, 2015 5:50 pm

    “Coalition ministers admit their families benefited from two parental leave schemes”

    So what…………….they probably benefited from higher super contributions, negative gearing, lower income taxes, negative gearing in the past as well.

    So big deal if they did or didn’t.

    The taxpayer should not have to pay a public servant twice what someone in the private sector only gets once.

  275. armchair opinionator permalink
    May 14, 2015 5:55 pm

  276. armchair opinionator permalink
    May 14, 2015 6:04 pm

    …The taxpayer should not have to pay a public servant twice what someone in the private sector only gets once…

    The govt is paying everyone, the private sector only pays it’s own workers, most don’t pay any, plus the private sector doesn’t pay the workers nearly enough to spend that very important year at home with their babies..

  277. armchair opinionator permalink
    May 14, 2015 6:07 pm

    Not that it bothers me BTW, I’ve always argued that parental leave should be a workplace entitlement and SAH mums don’t qualify, since they don’t have interrupted careers when compared to men.

  278. armchair opinionator permalink
    May 14, 2015 6:24 pm

    Most certainly rosie, it kills many more australians each year than our national enemies.

  279. armchair opinionator permalink
    May 14, 2015 6:42 pm

    Federal budget 2015: ‘Glacial’ wage growth puts budget forecasts in doubt:
    http://www.smh.com.au/business/the-economy/wages-grow-at-slowest-pace-since-abs-began-quarterly-records-20150513-gh0e8n.html

    …One day on, the budget forecasts are looking frayed.

    The Bureau of Statistics reported on Wednesday that wage growth had slipped to a new long-term low of 2.3 per cent. The rate is the lowest this century and well below the budget forecast of 2.5 per cent in this and the next financial years, climbing to 2.75 per cent in 2016-17.

    Unless the growth rate lifts, estimates of tax revenue will have to be revised down. The budget papers say weaker than expected wage growth in the past six months “significantly downgraded expected tax receipts”…

    Don’t we know it too, the purses are clamped shut. Govt says best to stimulate businesses who can afford $20,000 tax write-offs with the money ending up in the pockets of foreign nationals.

  280. armchair opinionator permalink
    May 14, 2015 6:47 pm

  281. Tom of Melbourne permalink
    May 14, 2015 7:32 pm

    Great, I’m home for Bill’s speech!

    …and what an appreciative gallery.

  282. May 14, 2015 7:40 pm

    “…and what an appreciative gallery”

    Yeah, if I didn’t know better I’d think it was stacked.

  283. Tom of Melbourne permalink
    May 14, 2015 7:43 pm

    No, it’s the press gallery.

  284. May 14, 2015 7:43 pm

    He sounds very sincere. You’d hardly know he was reading every word.

  285. Tom of Melbourne permalink
    May 14, 2015 7:56 pm

    That’s nice, Bill’s mother was a teacher!

    That’s great news for the economy!!

  286. armchair opinionator permalink
    May 14, 2015 8:21 pm

    We’ve fallen through the ideological looking glass
    http://www.abc.net.au/news/2015-05-14/green-weve-fallen-through-the-ideological-looking-glass/6468336

    …There is a purity about the play of politics in this budget week. Nothing is, but what I say it is. I can be a big spending, big taxing government – verifiably so – and yet claim that the opposite qualities are in my very marrow.

    Take this new set of truths and run with it. Have a go.

    Everything I held 12 months ago I have turned against. The Government is now in the strangely agnostic position of attempting to promote a big-spending, high-tax budget, of being eager for its stimulatory effect, but unable to admit its existence…

    …It’s entire ideological assembly, of low tax, low spend, small government, is contested by its actions. This is a conflict too big to be smoothed over by allowances for political expedience, by the palatability of this latest budget and the sugar rush of popularity it may produce.

    The Liberal Party now stands opposed to itself…

  287. Neil of Sydney permalink
    May 14, 2015 9:59 pm

    Gee i wonder who Jonathon green votes for? It is really easy to tell which party a journalist votes for.

    The ones who vote Labor tell nothing but lies just like the people who vote Labor.

  288. armchair opinionator permalink
    May 14, 2015 11:17 pm

    The PM as minister for women was always an ironic title wasn’t it?

  289. armchair opinionator permalink
    May 14, 2015 11:18 pm

  290. TB Queensland permalink
    May 15, 2015 9:43 am

    G’day from Vanuatu!

    I’m still struggling with the concept that if I spend $20,000 on plant or “equipment” and can write that off immediately. Great!

    But how does that get more customers through the door?

    “Oh, let’s get our car fixed at XYZ Motors … they’ve got a new diagnostic machine .. and we’ll try the coffee shop ’cause thy have a new machine …”

    ???????????????????????????

    They would have been better off with $20,000 for marketing … or increasing pensions – it would have been spent mostly in small business and kick start the flagging economy …

    The last time I looked 70% of business start-ups fail in the first 12 months … maybe a $20,000 voucher for small business management training of use of a consultant …

    Just heard on TV of a guy wanting to buy a Harley D to round up his sheep … and art galleries flogging paintings to business …

  291. May 15, 2015 9:59 am

    “”G’day from Vanuatu!“”

    I was wondering where you was.

  292. May 15, 2015 10:02 am

    Oh, and thanks for the email and pics…!

  293. Tom R permalink
    May 15, 2015 10:02 am

    Just heard on TV of a guy wanting to buy a Harley D to round up his sheep

    I recall years ago when I was out hunting for speakers and the salesman showing me a set $20,000 speakers he had just sold (this is back in the early 90’s)

    Apparently, the guy owned a vineyard, and was claiming them because he said he “could” use them to scare away the birds

    Not that there’s anything wrong with that 😉

  294. Tom R permalink
    May 15, 2015 10:05 am

    Looks like yabot might be under some pressure soon? Will the msm follow it? They still don’t seem too concerned that he seems unable to prove if he renounced his British citizenship.

    We specifically asked the Prime Minister’s department if there is a stated rule which specifies who is included and excluded in a spouseless PM’s welcome party but, tellingly, their answer only referred to “longstanding and accepted practice” for when a PM’s spouse IS present.
    …………
    Thankfully all of this can be cleared up when PM&C and DFAT officials next appear before Senate estimates. Thawley and DFAT secretary Peter Varghese can either point to where this “rule” is written, or admit it doesn’t exist. We bet Labor troublemaker Sam Dastyari is already licking his chops.

    http://www.afr.com/brand/rear-window/more-for-tony-abbott-to-explain-over-french-anzac-day-farce-20150514-gh1yem

    No wonder there is so much hatred for Sam Dastyari, he is uncovering a lot of shit the libs would prefer covered.

  295. Tom R permalink
    May 15, 2015 10:08 am

    Stop The Boats? Then what the fuck are these?

    As many as 6,000 asylum seekers in south-east Asia may be trapped at sea in crowded, wooden boats, and activists warn of potentially dangerous conditions as food and clean water runs low.

    http://www.theguardian.com/world/2015/may/12/fears-up-to-6000-south-east-asian-boat-people-are-abandoned-at-sea

    Spot on comment Antfarmer

  296. Tom R permalink
    May 15, 2015 10:18 am

    The Fin Review seems to like the Opposition’s Budget Reply…

    Fucken lefties! I always knew they voted Labor!

  297. Tom R permalink
    May 15, 2015 10:24 am

    The “future tech” does look good though reb, of course, it will all get lost in “how do they pay for it” (which will just highlight how little attention they pay to what he says, while giving the libs a free pass on costings continuously)

    Of course, we will not see the same level of hysteria over “Carbon Tax” with ppl will we. Even though we all knew he was bullshitting at the time.

    No longer is Abbott just dumping his own PPL scheme, he is now cutting the current parental leave for 47% of mothers who would have accessed both the government’s and their own employer’s parental leave.

    Tony Abbott has thus gone from arguing that the current scheme was too cheap to now arguing that it was too expensive.

    The argument by the government is that the current system whereby women can use their employer paid parental leave and then access the government’s PPL was in effect “a rort”, or as Joe Hockey agreed with Laurie Oakes, “basically fraud”.

    But it is an odd rort and fraud because it was the basis for the current PPL scheme as recommended by the Productivity Commission.

    http://www.sbs.com.au/news/article/2015/05/15/comment-budget-backtrack-leaves-signature-ppl-policy-unintelligible-scrawl

  298. May 15, 2015 10:34 am

    “Fucken lefties! I always knew they voted Labor!”

    Well it is Fairfax, so hardly surprising.

  299. armchair opinionator permalink
    May 15, 2015 10:49 am

    Budget 2015: Employers will dump parental leave, business leaders say:
    http://www.afr.com/content/afr/news/policy/budget/budget-2015-employers-will-dump-parental-leave-business-leaders-say-20150512-ggyq2d.html

    …Chief Executive Women president Diane Smith-Gander said the “disappointing” change would widen the superannuation gap between men and women at a time when Treasurer Joe Hockey insisted people needed to be independent in retirement.

    This was because new parents would move off company schemes on to the government one, which does not cover super payments.

    “To have [Mr Hockey] characterise the topping up of what he himself identified as an inadequate parental leave scheme as double-dipping is unbelievable,” she said.

    UNSUSTAINABLE

    “Men control 64 per cent of super balances and women 36 per cent and women live longer than men so this is an unsustainable situation. I thought the treasurer got that.”…

  300. armchair opinionator permalink
    May 15, 2015 11:16 am

  301. armchair opinionator permalink
    May 15, 2015 11:22 am

    Confessions of a double-dipping rorter:
    https://au.news.yahoo.com/thewest/a/27950702/confessions-of-a-double-dipping-rorter/

    …The hypocrisy is as rich as a Government that preaches austerity one year and spending the next.

    Earlier this year, Abbott demonstrated a capacity to lance political boils.

    If he truly has changed, he’ll be lancing this one early. It’s rotten policy and stinking rhetoric…

  302. Tom of Melbourne permalink
    May 15, 2015 1:02 pm

    I’m going to spend the $20K on a 1966 MG.

    I drive around for work quite a bit.

  303. TB Queensland permalink
    May 15, 2015 1:44 pm

    Tom, what will you spend the other $19950 on?

    Sreb, last time I send you a holiday pic! (is that jonno?)

  304. TB Queensland permalink
    May 15, 2015 1:51 pm

    Watched john Fontaine on ABC Melbourne this morning as he slowly roasted jockey … Jockey must be the dumbest treasurer, since john howard , this country has seen …

    Just watchingn jockey’s NVC’s is fascinating! He must have been a lying little shit of kid too!

    His replies are nothing short of panic …

  305. Walrus permalink
    May 15, 2015 2:07 pm

    Mmmmmmmmmmmm…………….Vanuatu………..really nice people.

    As opposed to those French c**nts on New Caledonia.

    Warning to all NEVER GO THERE……………EVER…………………NEVER EVER

    I spent part of my honeymoon there and on the lovely Vanuatu

    Yummy Coconut Crab for lunch perhaps………………………….?

  306. Walrus permalink
    May 15, 2015 2:08 pm

    Hows the Port Vila sailing club these days ?

    Did the Cyclone blow it away ?

  307. Tom of Melbourne permalink
    May 15, 2015 2:53 pm

    I went to New Cal when they were digging a huge mine. Beautiful

  308. Tom R permalink
    May 15, 2015 2:56 pm

    Does claiming a full salary while riding in a “charity” event constitute double dipping?

  309. May 15, 2015 3:33 pm

    Or what about writing a book and profiting personally from the royalties while on a publicly funded salary and then claiming travel to attend book launch events as a tax-payer funded expense?

    That’s gotta be quadruple dipping, no?

  310. Walrus permalink
    May 15, 2015 4:04 pm

    “I went to New Cal when they were digging a huge mine””

    Last time I was there in 2010 they were still digging it

  311. Tom R permalink
    May 15, 2015 4:07 pm

    That’s gotta be quadruple dipping, no?

    He’s double dipped a double dip?

  312. May 15, 2015 6:02 pm

    blubbers””””””Night of Ideas` live on the ABC tonight at 7:30pm. I assume its 7:30pm not that I could be bothered to check it.”””””””’

    #ya didn`t miss much, blib managed to remain largely unbelievable and underwhelming. #teabag-lite

  313. May 15, 2015 6:10 pm

    armchair””””””””Not that it bothers me BTW, I`ve always argued that parental leave should be a workplace entitlement and SAH mums don`t qualify, since they don’t have interrupted careers when compared to men.”””””’

    #l think you will find this will turn into another `false-god` and end-up only benefiting the very few. #pre.conditions

  314. May 15, 2015 9:32 pm

  315. Tom of Melbourne permalink
    May 15, 2015 9:50 pm

    “you will find this will turn into another `false-god` and end-up only benefiting the very few”

    Yeah! Like women who have babies might get some benefits – and that would be halal or kosher or medium rare. It’s all just propping up a feminista agenda.

  316. Tom of Melbourne permalink
    May 15, 2015 9:51 pm

    That’s great, but the combover is too luxuriant Tony.

  317. TB Queensland permalink
    May 16, 2015 8:50 am

    Notice dimension tosy … Eyes not blank enough, more white?

    Trying to figure out the mouth? Hard to do without photo .. Can you put one up?

    This is painfully slow here …

    Re dimension = depth ie 3D … Excellent … Face shape too … ‘Tis the lips.?????

  318. TB Queensland permalink
    May 16, 2015 9:02 am

    Wally re people nabawan!

    Off for an island picnic and snorkeling _ just the two of us and a bottle of bubbly!

  319. May 17, 2015 8:01 pm

  320. May 17, 2015 8:16 pm

    Smug looking fable adherent…

  321. May 17, 2015 8:19 pm

    The fan photo makes him look a lot more dishonest than the fan painting (I think it accentuates his lying eyes, forked tongue & judgemental brow).

  322. May 17, 2015 8:26 pm

    Yeah, no worries. This from today’s workshop with david Chen.

  323. May 17, 2015 8:44 pm

    I wasn’t rubbishing the painting, just the subject.

    Clearly you have some talent with the canvas.

    I don’t recognise the second portrait, so I’ll refrain from sarcasm.

  324. May 17, 2015 8:53 pm

    BTW, Go Tiges!

  325. May 17, 2015 10:20 pm

    Indeed!

    And…Go Lions!

Go on say something, you'll feel better...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: