Election defeat could finish the LNP for good
The stage is set for a D-D (delusion and drama) election on Saturday July 2nd .
It’s going to be a fun-thrilled ride, with Malcolm Turnbull successfully securing the trigger for the election after ‘those opposite’ refused to acquiesce to his royal demands for a building a construction industry watchdog to be reinstated to watch over how buildings are assembled by tradies and the like (or something like that).
Oddly enough, ‘the rest of Australia’ couldn’t really see what all the fuss was about, unless you were someone with an unhealthy obsession with Unions, but it was .
However the scrag fighting has already begun, with our well-paid elected representatives accusing each other of lies, deception and fraud. And that’s just within the LNP.
Once the golden boy of Australian politics, the member for Goldman Sachs, has in the space of a few short months, led his party to an election winning lead of 50-50 by most pollsters.
Mr Turnbull will be campaigning on the popular track record of slashing funding to the ABC and SBS, slashing funding for State schools and hospitals, slashing Medicare entitlements, abandoning action on climate change and investments in renewable energy, whilst pouring millions into funding a so-called ‘windfarm commissioner’ and walking away from marriage equality.
One could easily be forgiven that the LNP is a party that simply hates the public.
Unless of course, you’re white, middle class, wealthy, and subscribe to conservative right-wing religious dogma.
You see, only the Jesus-o-fascists know what’s good for Australia and they’re going to make you realise this whether you like it or not. Believe them when they say ‘this is going to hurt me a lot more than it’s going to hurt you.’
They really have your best interests at heart.
The strength of their convictions of course, lies in the fact that the Prime Minister himself is so convinced of Australia’s economic future that he invests his wealth offshore.
That’s confidence that money, quite literally, can’t buy.
Next week, the so-called Treasurer Scott ‘ScoMo’ Morrison, will hand down his first ever Budget, which will no doubt be a hilarious affair – stay tuned for our annual Gutter Trash Budget Night Bingo drinking game (fun for the whole family).
Mr Morrison will no doubt be hoping to follow in the successful steps of his predecessor ‘smokin’ Joe Hockey who predicated his 2014 Budget on the premise of a so-called ‘Budget emergency;’ a national state of crisis that seems to have miraculously dissipated in the last 18 months.
One thing that’s clear is that Morrison will be hung out to dry if his Budget turns out be as well-received as his predecessor’s. If it fails to resonate with voters, and the polls continue to move in Labor’s favour, Talcum may soon regret his ‘mastermind’ decision to trigger an election for July 2 and then the infighting will really begin.
The right-wing conservative ratbags will tear each other apart; a prospect that is absolutely delicious.
We live in interesting times.
theguttertrash.com 
“”The numbers are stacking up in Labor’s favour””
unless you were someone with an unhealthy obsession with Unions.
Yes, but even yomm seems quite hesitant to prosecute a case on just why Construction Workers should be treated worst than ice dealers
I see the libs continue in hteir proud tradition of making worksites unsafe. And to think the media blamed Labor for the “Pink Bats” deaths, but are silent on this.
The CWU wrote in its statement that the death highlighted the dangers which the union believed were inherent in the workforce model being used on the NBN contract.
“As the CWU has repeatedly pointed out, this pyramid contracting structure leads to those at the bottom of the heap being exposed to the most risk,” the union wrote. “Those risks are both financial and, unfortunately, physical. Small operators at the base of the pyramid face tight margins, while training and supervision – the key to avoiding such accidents – represent costs.”
“So there is a constant pressure to cut corners when it comes to safe procedures and work quality.”
CWU President Shane Murphy called on nbn to ensure that subcontracting companies working on the project delivered a safe system of work for their employees.
https://delimiter.com.au/2016/04/19/details-emerge-nbn-katoomba-fatality/?utm_content=buffer404e2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
An unhealthy obsession with unions is really quite healthy!
An unhealthy obsession with unions is really quite healthy!
As good for you as your “healthy” obsession with Gillard?
If only it had got that far, hey yomm 😉
Reblogged this on The Grovely Gazette.
Turnbull is going down faster than Sophie Mirabella on a sub mariner.”””
Turnbull is going down faster than Sophie Mirabella on a sub mariner.
Seaman Staines?
“”Just as Julia Gillard had done in February of 2013, Turnbull has named the date of the election well in advance, even if he is yet to visit the Yarralumla to have the writs issued. It is that simple. And just like Gillard, he believes he can have days of governing before getting into days of campaigning. It didn’t work for her, and already it isn’t working for him.””
http://www.theage.com.au/federal-politics/political-opinion/federal-election-2016-malcolm-turnbull-is-making-the-same-mistake-as-julia-gillard-20160419-go9m51.html#ixzz46EVHAdg8
Yea, but do you notice a big difference between the two reb (hint, my media jihad 😉 )
”The numbers are stacking up in Labor’s favour””
Even the people on talkback radio are saying they won’t vote Liberal this time …
Just sayin’ … ~(:-)
Chuckle …
Just sayin’ … ~(:-)
Everyones a smart arse these days 😉
stay tuned for our annual Gutter Trash Budget Night Bingo drinking game (fun for the whole family).
Co0incidentally I just had a taste of our wine … I reckon a glass or two would have me doing a wally … ROFLMAO! It is really, really good …
+++++++++++++++++++++++++++
Everyones a smart arse these days😉
Don’t be silly, TR … I’ve always been a smart arse … and bar a couple with no understanding of sarcasm, irony or cynicism everyone here is … (even ToM – sometimes)
Just sayin’ … ~(:-)
More chuckling …
http://www.news.com.au/finance/economy/federal-budget/leaked-details-of-budget-ad-reveal-details-of-turnbull-government-measures/news-story/e9ccc93aa967d7958f7113ce1b70768b
Looks like they may have nicked a bit from the ALP … ~(:-D
FMD Tom R, they’re quoting Maurice Blackburn and Bob Starey!
Credibility deficit there.
Democracy Awakening: Mass Civil Disobedience Planned on Capitol Hill to Cap Week of 900+ Arrests
http://m.democracynow.org/stories/16135
they’re quoting Maurice Blackburn and Bob Starey
You mean highly successful and competent Lawyers?
lolz, apparently malcayman did a hard hat Union bashing rant today, and needed to find a safe workplace that doesn’t scam to hold it at
Yes, that’s what that little sticker says lol
“Australia works best when we say Union Yes”
“Maurice Blackburn”
ROFLMAO…………….arguably the lowest of the scum that the ALP is happy to associate with
http://www.theaustralian.com.au/news/nation/black-saturday-bushfires-lawyers-money-from-misery-obscene/news-story/0c6f0c8c8aefcc8b5d168c809491d2fe
“Maurice Blackburn”
Of course I expect TB to remain silent about the association between the ALP and Maurice Blackburn and their conduct.
We wont be seeing the silly slogan ” I want to live in a Blah……… Blah ………..Blah rather than a Blah……….Blah………. Blah” associated with Maurice Blackburn because they are on his “team”
“”I want to live in a Blah……… Blah ………..Blah rather than a Blah……….Blah………. Blah”
😆 😆 😆
Turnbull is so very dumb. Now he is going out of his way to allow sufficient time for the people to find that out for themselves before they vote to boot the fucker out. The shame for Australia is that CFMEU/Bandidos crime gang will then control the country through their ALP stooges.
The stoopid, it burns
And what was Conroy doing attacking the G-G? I really hate the way the ALP attacks the High Court (Gillard, Bradbury and that newly bearded little cunt who is shadow treasurer) and now the Governor General. Aren’t there any adults in the party to tell Stephen to shut up and take his undies off his head or does their polling show they will gain votes from the attack, in which case it is all right? And, yes TB I’m sure the other lot are just as bad! If there are no standards any more we should just give the pollies guns and let the last team standing run the place. It really can’t get much worse.
The stoopid it burns: “after the hottest month on record” ‘coz weather and climate are the same when it suits your dumb warmist approach.
lolz, wally links to the lolstralian when talking about “scum” ROFL
And yea, Conroy was out of line in his GG comments, no matter how much that scum deserves it
“lolz, wally links to the lolstralian when talking about “scum” ROFL”
So its not true then Head Troll ?
So its not true then Head Troll
Sections may be. Since I can’t read it, who knows how much is bullshit.
But, a lawyer, acting like a lawyer, does that really mean he has no idea about Law? 😯
And, does this mean that wally and yomm agree with the ABCC legislation? Do you think this is how workers in one industry should be treated? An industry which has a long proven history of bosses breaking the law?
The Australian Building and Construction Commission legislation is pretty intense: It would reverse the onus of proof, remove the right to silence, and allow officials of the ABCC to enter premises without a warrant and demand to know names and addresses.
https://newmatilda.com/2016/03/22/explainer-unions-law-council-hate-abcc/
coz weather and climate are the same when it suits your dumb warmist approach.
Do you dispute that the planet is warming spllatteredarse?
The stoopid, it burns
malcayman brings back Parliament to try and treat Construction workers worst than ice dealers, and what does he end up with
😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆
Maurice Blackburn and Bob Starey are such impartial observers
Blah……… Blah ………..Blah Dickwit have you any brains … yes sir, yes sir, in the Liberal drains …
Blah……… Blah ………..Blah ? WTF!
And, yes TB I’m sure the other lot are just as bad! If there are no standards any more we should just give the pollies guns and let the last team standing run the place. It really can’t get much worse.
What a wonderful idea, sb! Pity John Coward & The Private School Bullies fkd gun ownership … although I’m sure there a a few (thousand) illegal hand guns about … ~(:-) …
Noice to see the voice of reason* back …
coz weather and climate are the same when it suits your dumb warmist approach
The thought did cross my mind too, sb …
However, renewables are the next Era … no question … I now have an unexpected income from my $6000 investment in solar … ain’t capitalism grand? ;0
And yea, Conroy was out of line in his GG comments
Agree … see all those medals on his chest … the first one blue and white striped ribbon with a cross under is the Military Cross … second only to the VC! Cosgrove is a VV … and deserves respect for a brilliant career … that he is a Liberal (GG’s should be apolitical – but he a’int) … is really irrelevant …
The office of GG should be respected … eg soldiers do NOT salute officers they respect the rank!
Disclaimer: I am a Republican … a Republic of Australia would be on my bucket list if I believed in such crap.
“”Conroy was out of line in his GG comments””
Actually, I think he was spot on.
But then I’ve always been a bit of a rebel when it comes to so-called ‘authority figures’.
“”The office of GG should be respected””
Oh, should it fuck.
What is it with you and men in uniform…?
“Disclaimer: I am a Republican”
Does this mean you don’t think the queen (the real one) should be respected?
What is it with you and men in uniform…?
GMAFB! I was bloody “impressed” like the old British Navy used to do …
In the event of a Republic the GG would be replaced by a President … I would expect all those Royalists to respect him or her …
As it happens the Queen is still the head of state … do I respect her no, she is the ultimate Robber Baron of The Firm – and they’ll have money stashed in every offshore account and Switzerland … would I take advantage of being the Dep Leader of the Opposition in the Senate to make uncalled for and poor taste comments … no …
“” do I respect her no, she is the ultimate Robber Baron of The Firm “”
Well that just disnae make any sense.
The GG is just the queen’s rep in Oz, so how can you (understandably) have no respect for her madge, but then have respect for her stooge?
Reports of my party’s death are greatly exaggerated.
😯
https://www.instagram.com/tonysouthyarra/
For a deadParty, that’s got some life to it tosy.
I particularly like the yarra parts.
I wish I could do something similar. My only talent appears to be trolling splattered arses 😦
And thanks for sharing
… have no respect for her madge, but then have respect for her stooge?
I respect Peter Cosgrove … I’d respect him even more if he dropped that fkn stupid Sir …
But there’s only one queen I have any respect for and its not Liz … as you know ~(:-)
G’night all … next episode of Heavy Water Wars for me …
A bit like my respect for ToSY’s artistic (very) talents* but some of his comments? … mmmya …
* seriously ToSY … excellent (what medium BTW?)
lol, I just read the lolstralian attacking Maurice Blackburn lawyers about “apparently” with holding funds from fire victims. This all came from one old guy crying to a paper who obviously hate Maurice Blackburn because of who they often represent (yes, Unions)
Sad bit at the end of the tale of woe about people not getting their money, their only go to guy DID get his money, early ROFL
He received his report last month indicating that he would receive about $250,000.
Mr Spooner said that when he fell into severe hardship he met with Andrew Watson, who is in charge of Maurice Blackburn’s class-actions department, to ask for an interim payment.
He said Mr Watson indicated the firm was nervous about providing such payments as it could encourage others to ask and slow the process.
“I said ‘This is how it is: I run out of money in two months’ time,” Mr Spooner said.
He said Mr Watson initially rejected the request, but after receiving more paperwork agreed to a partial payment.
google the title and see how you go. lol wally, NEVER trust the lolstralian to run yer arguments for you, especially if the author has the family name akerman 🙂
Black Saturday bushfires: Lawyers’ money from misery ‘obscene’
“My only talent appears to be trolling splattered arses😦”
A talent that’s not to be sneezed at. A-choo.
Thanks anyway. Your links don’t go unnoticed. 😉
The medium is oils, TB. My comments are watercolour.
I don’t notice them 🙂
My comments are watercolour.
Yet they are so dry?
The medium is oils, TB. My comments are watercolour.
LOL! LOL! GOLD >>>
.. especially if the author has the family name akerman:)
Is that dickwit still around??? Jesus fkn Christ!
Is that dickwit still around?
Well, I think he still gets paid to froth, but this one was a girl aker. So, the legend lives on … perhaps?
Either way, lovely own goal wally. Never trust the lolstralian to do a journalists job.
That’s Gold wally
No wonder they try to keep it behind a paywall, except, they can’t even do that right.
And I’m guessing they are relying on people reading headlines and the first few lines to “maintain the rage”
“Either way, lovely own goal wally. Never trust the lolstralian to do a journalists job.”
Really……………….?
And I don’t see the name Akerman on this one
“Black Saturday victims say they feel left in the dark by law firm Maurice Blackburn after it confirmed payouts from the record $494 million class-action settlement would be delayed until next year.”
As usual King Troll YOU ARE WRONG……………………….AGAIN.
As I said some time ago. I think you are a group of individuals all signing in from time to time as “TomR” as their is no way one person could have been born so stupid.
http://www.theage.com.au/victoria/black-saturday-bushfire-victims-devastated-after-classaction-payouts-delayed-20160205-gmn9g4.html
I think Bowen is the most capable of the ALP frontbench, the others aren’t up to the job. Dreyfus particularly is pompous.
Shorten as Prime Minister… heavens! Having Abbott and Gillard represent us overseas was bad enough.
I’m hoping Nick Xenophon’s candidates will hold the balance of power. Even though most South Australians are loopy*** they seem to provide good political candidates from time to time (eg Don Dunstan, Steele Hall, Natasha Stott Despoja..)
***Snowtown, Truro and Port Adelaide supporters
As usual King Troll YOU ARE WRONG……………………….AGAIN.
What, so the guy who complained about not getting his money early didn’t get money early in the lolstralian beatup? Maybe you need to actually read the beatup right to the end
The fact that Farfax is almost as bad as the lolstralian doesn’t really help your case.
“Maurice Blackburn successfully ran Australia’s largest class-action lawsuit” that took several years to complete. And, there is no record on even that story that people didn’t get hardship payments. Most Lawyers wouldn’t even release that.
If you can’t beat a “troll” wally, maybe you should just give up 😉
well, thanks for your opinion again, ToM …
I hope this isn’t an accurate tweet?
“And, there is no record on even that story that people didn’t get hardship payments. ”
Granted that you are pathetically stupid what part of that article do you not get ?
Have they all received their FULL payments or not ?
Yes or No ?
But do go on defending your Union affiliated lawyer mates. Its amusing
Shorten as Prime Minister
Glad malcayman is making that happen earlier than it would have 😉
Have they all received their FULL payments or not ?
Actually maybe you need to read just ANY of the article wally
While the first of the class actions was announced in July 2014, Mr Spooner, 66, has had to fight to receive an interim sum due to hardship. He reckons he is one of the few lucky ones to have at least received something.
He “reckons” hey, that’s the best the little akers can do? lol
It took several years for the lawyers to get millions for dozens of clients, and, as soon as it is won, they all want it all straight away? Didn’t they read the clause about when their “jackpot” payments would be available? The firm won them a motza, and clearly stated that “jackpot” would not be available until 2017, and yet still they paid out early to help the victims. Any other law firm (or ANY firm) that would have done that?
Yea, so the msm do another beat up on Unions and their lawyers, and you actually swallow the lot. You need to go back to troll school 🙂
Noticed any news about the Panama Papers lately?
Died a quick and quiet death?
And yet …
TR, notice the look over there … unions BOO! comments over the last couple of days …
Finally some movement in the camp … the LibNits must have been given a strong laxative …
http://www.news.com.au/national/federal-election/turnbull-government-expected-to-crack-down-on-superannuation/news-story/8d173530456e1f1fa1fd3cd895c0eb22
Aren’t trolls those commenters that pop in occasionally and drop a nasty comment or two and then fuck off?
As for the story linked above – The Minister just reminded me … but they haven’t done it yet and they do break their election promises, don’t forget.
Now you know why she’s the Minister for War, Water, Finance & Fun!
The Coalition now plans to up the ante, cutting the threshold to $180,000, Fairfax reports.
I hope that is more accurate than the tweet TB
I also wonder how the libs will respond to the media when they raise the point about how when Labor introduced the higher threshold the libs (and much of the media) cried about “a great big new tax”
Or will they just ignore that?
Corporate tax experts from the University of Technology, Sydney, have worked with the activist group GetUp!
Since GetUp is mentioned i would not trust anything in that report. After years of reading leftie dishonesty the report will contain a mixture of facts and falsehoods to support the view they are trying to stuff down peoples throats
Having looked at Maurice Blackburn, I note that the lolstralian has quite a few articles up attacking law firms
Well, ONE law firm
Why would they have it on for just one law Firm I wonder
https://en.wikipedia.org/wiki/Maurice_Blackburn_%28law_firm%29
Yep, UNIONS = BOO!
How DARE a law firm represent the little person!
Aren’t trolls those commenters that pop in occasionally
Actually, nils here a lot
#justsayin’
NOTE! If you have Quicktime installed on your computer uninstall it immediately there is a US Homeland warning (out yesterday) about hacking via Wi-Fi mice … yep yer mouse!
“Actually maybe you need to read just ANY of the article wally”
What this bit…………..?
“Victorians affected by the 2009 disaster, which claimed the lives of 173 people, were supposed to receive compensation BY JULY THIS YEAR, but due to the complexity of the case may now have to wait until early 2017.”
Keep Trolling for your Union mates
but due to the complexity of the case
Keep ignoring the facts 😉
The head of Maurice Blackburn’s class action department, Andrew Watson, said they were waiting for the court to approve the settlement.
and, IF that came through then (which from reports didn’t get settled until “late 2014”
He said due to the large number of people involved it could take up to 18 months for the money to be distributed.
http://www.abc.net.au/news/2014-07-15/black-saturday-bushfire-survivors-secure-record-payout/5597062
And who knows how many other hurdles have been thrown up in front of them.
So, a law firm wins a massive payout from an intransigent culprit, pays out, and gets hammered from it from two media outlets who have shown that when it comes to Unions, facts mean little to them, just their agenda.
Corporate tax experts from the University of Technology, Sydney, have worked with the activist group GetUp!
Anything you like GetUp is picking on APPLE. Apple makes, designs, packages and builds it computers overseas. Why should they pay tax on the profit they make from that to the ATO.
If we want Apple to pay more tax in Australia we have to get Apple to build their computers in Australia
Why should they pay tax on the profit they make from that to the ATO.
Because they are making a profit thanks in large part to our economy. If they want to continue making profit from our economy, they can help maintain our economy.
“He said due to the large number of people involved it could take up to 18 months for the money to be distributed.”
Which from settlement in late 2014 means June 2016. ………….Not fucking 2017.
Can’t you even count ?
But no hurdles for their dividends. Obviously not complex enough. Paying themselves before they have finished the job of settling with the victims
“Top partners in a leading law firm have pocketed record dividends totalling more than $16 million in one year arising from huge settlements in class actions for the 2009 Black Saturday bushfires in Victoria — but the victims are yet to receive anything.”
http://www.theaustralian.com.au/in-depth/bushfires/black-saturday-bonanza-for-law-firm-as-victims-forced-to-wait/news-story/e568cd7bdb1f5d2d7146187a012910fc
“If we want Apple to pay more tax in Australia we have to get Apple to build their computers in Australia”
We have been down this road before………………………..
If they want to continue making profit from our economy, they can help maintain our economy.
You seem to be saying i am right. GetUp is deceitful lying scum.
I like most of Australians buy lots of things online. I do not expect Chinese companies who i purchase things from to pay tax in Australia. Now do i expect Apple to pay tax in Australia on stuff they make overseas.
The ALP/Unions destroyed our manufacturing industry by wanting production line workers to be paid $100K/year.
The Australian Labor Party is a corrupt and immoral political Party elected by corrupt and immoral people
Which from settlement in late 2014 means June 2016. ………….Not fucking 2017.
I think you need to take more note of “complexities” in that article, and of course, that awful little fact that, payments WERE being made.
You seem to be saying i am right.
You really have left Kansas, haven’t you nil
The ALP/Unions destroyed our manufacturing industry by wanting production line workers to be paid $100K/year.
Link
Because, I think you’ll find it was the Australian dollar, and lack of Political will from one particular party that put the nail in. Employee costs were far down the line of reasons, so far down it wasn’t even on the companies radar. Unless you believe what the lolstralian spouts that is
“I think you need to take more note of “complexities” in that article, ”
Oh really…………………how convenient that these “complexities” are not spelled out in any complex detail…………………….very convenient.
So TomR keeps going in to bat for his Union mates.
For TomR its not whether it’s right or not. It just depends on who barracks for who
For the lawyers point of view
You can understand why some victims might be, unsettled, should they get it wrong.
And, as the lolstralian even admits in their attack piece, the victims ARE getting money
Maurice Blackburn blamed the unprecedented size and complexity of the settlement for the delay, and said the firm had been doing everything it could to ensure people get a just outcome as quickly as possible.
http://www.abc.net.au/news/2016-02-06/black-saturday-compensation-delayed-by-maurice-blackburn/7145792
how convenient that these “complexities” are not spelled out in any complex detail
Probably because, as I’ve alluded to, your source doesn’t want to know that side. I’d also hazard a guess that, releasing a detail of the complexity would be … complex.
It might also release private information.
If you cannot understand that the countries largest class action that took several years to run might just be of ” unprecedented size and complexity ” then ……
And you keep ignoring the fact that the victims are actually getting money from the law firm. Awkward I know, especially when you are running an attack on a firm for not paying their clients …… (except, of course, they are)
“Awkward I know, especially when you are running an attack on a firm for not paying their clients …”
I suppose this is an attack piece as well……………….?
From the Murdoch controlled ABC no less
“Since February, 2009, I haven’t had any earnings and my earning capacity is zero, and it does impact on the whole family dynamic,” Ms Ruhr said…….”After a successful class action run by law firm Maurice Blackburn, she was expecting a payout by the middle of this year. ”
http://www.abc.net.au/news/2016-02-06/black-saturday-compensation-delayed-by-maurice-blackburn/7145792
Your pathetic excuses for your Union aligned mates dont wash. Or is the ABC now controlled by the LNP ?
After a successful class action run by law firm Maurice Blackburn, she was expecting a payout by the middle of this year
hint, it’s not the middle of the year yet sunshine 😉
Hint, “Black Saturday bushfire compensation delay from Maurice Blackburn lawyers worries victims” isn’t quite the same as “Black Saturday bushfires: Lawyers’ money from misery ‘obscene’”
#justsaying
Another HINT … lawyers don’t actually pay out compensation they just win the case (or lose) … judiciary usually determines the time frame … victims expectations re just that … expectations …
Blaming the law firm is like blaming the doctor for the disease …
Employee costs were far down the line of reasons, so far down it wasn’t even on the companies radar.
And therin is why the ALP will always destroy the lives of people.Employee costs is the major reason manufacturing leaves
“Another HINT … lawyers don’t actually pay out compensation they just win the case (or lose) … judiciary usually determines the time frame”
Well you certainly have that wrong. Obviously you dont read the links or just another ……..
Comprehension FAIL
“…….hint, it’s not the middle of the year yet sunshine”
And wht about the others who now wait until 20170
Oh Yes…………………Conveniently its all “so complex” with its “complexities” none of which are spelled out.
But the partners dividends get paid out
Keep defending
And wht about the others who now wait until 20170
What “others”? You mean the ones the lolstralian couldn’t find, but their pissed off informer “reckons” are there?
before you start demanding spelling out “complexities” (you know, obvious things like different people have different losses etc that any fool could work out without “spellin’ “), maybe you can find some people who have a real gripe, and just don’t want ALL of their “jackpot” NOW()!
Yeah………….keep the defence going you Troll
“………Members of community are hoping to meet with Maurice Blackburn next week where they will lobby for partial hardships payments.
“I was talking to lady in Kinglake and she said you virtually have to have the bank knocking on your door threatening foreclosure to be successful,” Mr Spooner said.
“They keep saying ‘We know how you feel’, and we keep saying ‘No you don’t’.”
Read more: http://www.theage.com.au/victoria/black-saturday-bushfire-victims-devastated-after-classaction-payouts-delayed-20160205-gmn9g4.html#ixzz46KoL5pFm
Follow us: @theage on Twitter | theageAustralia on Facebook
“………..and just don’t want ALL of their “jackpot” NOW()!…”
How the Hell does having your place burnt down and all your possessions destroyed perhaps even losing someone count as a “Jackpot”.
Only a truly despicable person could phrase the compensation as a “jackpot”
Melbourne’s seemingly never-ending summer is continuing with the city set for a third straight day above 25C and more warm weather forecast well into next week.
The Bureau of Meteorology has forecast a high of 28C on Wednesday which follows maximums of 27C on Tuesday and 25C on Monday.
LOL! What a bunch of babies!
http://www.theguardian.com/australia-news/live/2016/apr/20/coalition-strengthens-corporate-regulator-to-head-off-calls-for-a-banking-royal-commission-politics-live
Tricky stuff alright … how to run a country – without really running the country …
Tricky stuff alright … how to run a country – without really running the country
When you apologise for locking up 8,469 children i might listen to what you have to say.
where they will lobby for partial hardships payments.
Do you mean the partial hardships payment the guy in lolstralian was talking about, the one that he already had?
Those ones?
I was talking to lady in Kinglake
lol wallysmates ™ really wally, third hand accounts from second hand stories. faark. At least
media moguls attacking Unions, and using fire victims as their battering ram.
Yea, keep defending the media pack wally. it aint a good look
Only a truly despicable person could phrase the compensation as a “jackpot”
That’s a terrible thing to say about a fire victim wally, personally, I don’t think they are despicable, just frustrated. Perhaps the responsible party shouldn’t have dragged it through the courts for so many years.
He said he was told by a Maurice Blackburn lawyer that the amount he would receive from the Black Saturday bushfires was like “hitting the jackpot”
from yer lolstralian hit piece, and note the “he said”
Actually the next election could finish Australia for good.
Rudd/Gillard trashed everything they touched and 50% of the population wants them to return to finish the job of destroying Australia
Ooooh, a waterfront strike…. It’s a long time since we had one of these…
http://www.theage.com.au/victoria/dock-workers-threatened-with-lockout-as-strikes-hit-melbourne-waterfront-20160419-goa7vb.html
But … but … doesn’t the government set pay and conditions … I’m sure I read that somewhere?
I’m sure I read that somewhere?
Maybe you should try and get your information from a more reputable source in future then TB
Like ME! 🙂
Ms Badenoch said the union’s demands for workers at Sydney’s Port Botany – including for 32-hour weeks to be paid at a full-time rate – were “out of step with reality” and were the main cause of the deadlock.
Read more: http://www.theage.com.au/victoria/dock-workers-threatened-with-lockout-as-strikes-hit-melbourne-waterfront-20160419-goa7vb.html#ixzz46LGbYW00
Follow us: @theage on Twitter | theageAustralia on Facebook
It’s not very clear. Are the workers looking to drop to 32 hrs as a standard week? Or are they looking for a minimum week to be 32 hours, and the company wants less?
But … but … doesn’t the government set pay and conditions … I’m sure I read that somewhere?
Yep sure you did. You read it when you get back into govt you can start locking up kids again
Wot?
Wot?
Unemployment was at 4.3% in 2007 and falling.In 2013 it was at 5,8% and rising.
Don’t worry TB. If labor gets back in you can start destroying the lives of people again.
Hilarious………………
“The maritime union said it was demanding better conditions that could protect existing jobs against the threat of automation on the waterfront.”
Send in the robots to replace those cnuts forever I say.
These days I tell my clients to only employ casuals before converting them to fulltime. If they dont work out with absenteeism or just a shit attitude you can just fuck them off without all the hassle.
And plenty of them do so
Read more: http://www.theage.com.au/victoria/dock-workers-threatened-with-lockout-as-strikes-hit-melbourne-waterfront-20160419-goa7vb.html#ixzz46LNnDWe3
Follow us: @theage on Twitter | theageAustralia on Facebook
Another wall collapse in Melbourne. Another example of the Union being sidelined
The Construction, Forestry, Mining and Energy Union said its inspectors shut down the partially demolished site on Tuesday due to grave structural safety concerns, a failure to conduct an asbestos audit and a lack of any measures in place to protect passers-by.
But parts of the building site were later reopened by WorkSafe.
Read more: http://www.theage.com.au/victoria/wall-collapses-at-north-melbourne-construction-site-20160420-goakg3.html#ixzz46LTGpcwA
Follow us: @theage on Twitter | theageAustralia on Facebook
Send in the robots to replace those cnuts forever I say.
Not everyone can work in the countries most heavily taxpayer subsidised industry like you wally
Yep………….send in the Robots and throw the lazy scum onto the unemployment scrapheap. Enjoy your poverty dickheads
“Patrick’s senior executive Alex Badenoch said the company had rejected the MUA’s claim of a 32-hour week paid at a 35-hour rate and its final offer was better than private sector wage rises.”
Send in the robots to replace those cnuts forever I say.
So you are a fan of basic income systems … ?
Or do you see job loss as collateral damage to productivity (effectiveness and efficiency)?
I guess you answered that …
What does Alex earn a year – I wonder?
“What does Alex earn a year – I wonder?”
Hopefully a shitload. Unlike the lazy uneducated scum she has to oversee
“So you are a fan of basic income systems … ?”
NO !
its final offer was better than private sector wage rises.
COnsidering we have what is called “wage stagnation”, that’s not really saying a lot, is it.
So, the Governments going to give more taxpayers money to the Spivs to
cover forwatch the ShonksCEO of Australia Post gets how much – for reducing services and sacking 900 workers …
And Wally keeps on demonstrating what wally’s we have in this “uber capitalist democratic economy” … we have to survive in …
wallies? willies? wallys?
So given that there is so much less reliance on post these days, should a CEO be rewarded for retaining an inefficient or unnecessary workforce?
should a CEO be rewarded for retaining an inefficient or unnecessary workforce?
Since he’s laying them off quite rapidly, I guess this comment was just to remind us you are still around, and still as clueless.
BUT
Should a CEO be rewarded for doubling the price while simultaneously doubling the delivery time? That’s a pretty talented double act
lol “the politics of envy” malcayman will sort ’em out
Malcolm Turnbull under pressure to stop the wealthy stashing cash in tax havens
Read more: http://www.smh.com.au/federal-politics/political-news/malcolm-turnbull-under-pressure-to-stop-the-wealthy-stashing-cash-in-tax-havens-20160420-gob403.html#ixzz46PR25IOY
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Remember when the msm jumped on Labor for DARING to even mention malcaymans tax havens. now, apparently, there were “some” who called it the “politics of envy”
Yea, it was you, you muppets!
Bit you in the arse, didn’t it. And for some, unknown reason, the “unelectable” Shorten just keeps inching closer. And yet, this has been obvious for so long, unless you are deliberately not looking
“Malcolm Turnbull under pressure to stop the wealthy stashing cash in tax havens”
How hilarious……………………………ROFLMAO
The opening sentence of this letter…………………….
“Dear Prime Minister,
We represent a broad cross-section of Australians who believe our society should be built on equity and fairness………………”
And who exactly is this “broad cross-section of Australians” ?
It seems to be signed by a bunch of fuckwits who are employed by Unions, the Public Service and Green groups.
“broad cross-section of Australians” = “broad cross-section of Fuckwits” more likely
“Some members of the government are hoping the FWC will defer its verdict until after the election”
ROFLMAO…………………..it seems it wont matter………….LOL
http://www.news.com.au/national/breaking-news/shorten-would-back-penalty-rates-verdict/news-story/e7a03763330a80c7e8c29bd7f3f0d69e
Should a CEO be rewarded for doubling the price while simultaneously doubling the delivery time? That’s a pretty talented double act
But no mention above of the CEO’s $4.8 million paycheck … that must be acceptable … ?
I see Wally’s back screeching defence of the Robber Baron class … must be getting worried …
I see Wally’s back screeching defence of the Robber Baron class … must be getting worried …
I cannot speak for Wally but i can say i am worried.
Labor locked up 8,469 children because they are dishonest, immoral unethical pieces of shit.
And it does look like the people who only steal things from people may get back into power
“I see Wally’s back screeching defence of the Robber Baron class … must be getting worried …”
Not really. Labor wont win if its Primary vote is still in the toilet. Plus Bill Shithead’s new carbon tax (ETS) has yet to see a bit more sunshine. No compensation this time around since we’ll be buying the permits from offshore
Wot?
LOL…………….read it and weep sunshine
http://australianpolitics.com/2013/02/25/alp-federal-election-results-since-1910.html
Although I cant prove it by any means (wishful thinking perhaps) I think part of the LNPs collapse in support could be Right Wing Liberals who are disaffected by the demise of Abbott and just cant commit to the LNP yet (I’m looking at you NoS).
They go into Undecided/Dont Know and then get preferenced to the ALP in accordance with the flow of preferences at the last election.
The LNP will lose some seats but we wont see the ALP in power unless its PV goes up dramatically.
No compensation this time around since we’ll be buying the permits from offshore
They don’t need to brainiac, some dopey tool left it there for them to just scoop back up.
I winder if “broad cross section” includes chair swivelling snobs who rely on massive Government subsidies for their business to survive?
The LNP will lose some seats but we wont see the ALP in power unless its PV goes up dramatically.
Yes, the ALP have a way to go yet. But, it’s already 50/50. I wonder how much further that will change once an actual election is called?
malcayman aint getting any of those votes back. That doesn’t mean they will automatically go to the ALP, but at least they are in with a shot at them.
There’s nothing of good news in polls at the moment, no matter how much the msm want to pretend otherwise
“But, it’s already 50/50”
You completely miss the point. That’s the TPP and I believe there are quite a few pissed off Abbott supporters who are still in so much shock they are saying “Dont Know” and are being wrongly awarded in too high a proportion to the ALP based on the flows of the last election.
I think Malcolm will indeed get quite a few back once Morrison starts attacking “Rich Super” et al
I believe there are quite a few pissed off Abbott supporters who are still in so much shock they are saying “Dont Know”
That is me. This is a time for the Nationals to pick up some seats. they should put National candidates in every seat in Australia. I would vote for them.
Turnbull is in the wrong party. He should be in the ALP. Having said that i think Turnbull would have made a great Treasurer. Abbotts big mistake was not getting rid of Turnbull or making him Treasurer. But Turnbull is like Palpatine. Nobody realised until it was too late
You completely miss the point.
Perhaps if you had read the remainder of my comment, you might realise that I very obviously DIDN’T miss anything.
I just differed in my opinion of where those votes had gone, AND, they aint coming back.
People that far to right have no where to go. They’ll stamp their little feet, but no way will not vote Lieberal, or even tell anyone otherwise.
It’s the middle, who went back after malcayman took over, and then realised, he’s as much a rightwingnutjob as yabot ever was.
Meanwhile, Labor just keeps on quietly (although, not so quiet just lately) chipping away, and setting up their platform
“It’s the middle, who went back after malcayman took over, and then realised, he’s as much a rightwingnutjob as yabot ever was.”
OK we will disagree there. I think most of those “middle” are still with the LNP. Its the far Right that has broken off into “Dont Knows” because they are still seething but will come election day vote LNP with gritted teeth.
For them it might be a shit sandwich but at least its bearable only because its warm
I’m sure this will make ao happy
I’m sure this will make ao happy
So deceitful, so dishonest and so immoral.
This happened under Abbott?
Lefties change the topic to suit their opinions.
ALP/Greens supporters have no ethics or morals
Walrus- you voted for these scum in 2007
“Walrus- you voted for these scum in 2007”
Yes……….other than that blemish I am quite perfect just like you NoS
This happened under Abbott?
Yes, although, hockey was the one who removed Labors policies to tackle it, so maybe we should just blame him?
other than that blemish I am quite perfect just like you NoS
At least you haven’t lost your sense of humour 😉
Nor me … apparently … ~(:-)
Yes……….other than that blemish I am quite perfect just like you NoS
Walrus you voted for these scum in 2007. There is no point in arguing with these people.
They are all do not care about anything other than the ALP gets elected.
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Oh, it’s Anzac Day again. Time for the miserabilist left to shove their fake history down our throats yet again. Time for another re-heated version of their shit-sandwich view of our history. What a sickening bunch of bastards they are. Looks like they wheeled in a real heavyweight this time – a criminologist from UWS! And I was wondering for a moment there why the article was so illogical and so poorly written.
Re: Anzac Day: militarism and masculinity don’t mix well in modern Australia
Gallipoli was the crucible in which the rugged resilience and camaraderie of (white) Australian masculinity
This sentence alone shows an ignorance of Gallipoli and who fought there … look up Billy Sing, the Gallipoli Sniper for one …
In this process, the acceptance and normalisation of violence culminates in celebration.
Hogwash … you can’t “normalise” violence … simple research on PTSD will tell you that …
No soldiers, sailors or air force personnel “celebrate” on Anzac … but we do remember …
Like our mates – this bloke was in my Section 6 Platoon, B coy 3TB, always had a smile and joke and easy going …
DRISCOLL Roger W, 21. Of Coonamble, NSW, worked at the Rural Bank and the Department of Main Roads when called up in January 1970. A private with HQ 1 Task Force, he was one of seven killed in an armoured personnel carrier in Phuoc Tuy Province on June 12, 1971.
Or the brother of a mate of mine … whose family still miss him deeply …
1733037 RAMSAY Joseph S, 22, was the carpenter son of a migrant family from Scotland living in Brisbane, Queensland, when called up on April 17, 1967. He was killed in an enemy contact on January 31, 1969 in the final stages of Operation Goodwood in Bien Hoa province. A total of six Australian troops were killed and 13 wounded in this operation.
And I’ll remember my two grandfathers who served during WWI and both my parents who served in WWII and a myriad of uncles and an aunt, two brothers-in-law and my son who served in E Timor with Interfet and the UN and on Bougainville in the Peacekeeping Force there – preventing violence …
Soldiers don’t go to violent war zones … they are sent … by violent politicians …
But they also serve in many other capacities … remember that when another cyclone, earthquake or tsunami hits a population centre, here or overseas … or a dangerous rescue op needed … or if dog forbid we were attacked …
… soldiers are like any other person but highly trained and skilled in may ways (avoiding being killed is just one of them) …
Don’t celebrate Anzac Day … remember the sacrifices that thousands of men and women in uniform made (some with their lives) so that you do have the freedom to write whatever you like … whether its true or not!
My son, grandson and I will attend the local Dawn Service – the crowds get bigger every year and then my son and I will march together in Brisbane … and catch up with people we may only see once a year or have not seen in decades …
Just remember … don’t celebrate – Diggers don’t.
fake history
yea, best to keep those rose coloured petals over your eyes.
“Lest we Forget” I think is what they were saying at the time, not “Lets all Partay”
Just because you don’t like some of the memories, doesn’t mean we should forget them. In fact, it is what they pleaded from that time.
“Time for the miserabilist left to shove their fake history down our throats yet again.”
Yep…………..Self Flagellation Season has come around yet again.
Good to see that TomR identifies himself as being part of the “miserabilist left”
Good to see that TomR identifies himself as being part of the “miserabilist left”
Just to be pedantic, I don’t, you do 😉
LOL!
” And I was wondering for a moment there why the article was so illogical and so poorly written.”
Not only that. It appears to be pretty piss poor research if you believe the Australian War Memorial
An example is in these classic pieces of Leftish bullshit……………
“In the drama of militarism, the white, male and presumptively heterosexual soldier is the hero. The Anzac myth makes him the archetypical Australian, consigning the alternative histories of women, Aboriginal and Torres Strait Islander Australians, and sexual and ethnic minorities to the margins.”
Which sits very oddly with this…………….
“Perhaps 50 Aboriginal soldiers fought on Gallipoli in an era when they weren’t recognised as Australian citizens and enlistment was technically forbidden.”
http://www.sbs.com.au/news/article/2015/04/01/50-aboriginal-soldiers-fought-gallipoli
What a wanker Mike Salter proves himself to be
Wally, FYI Aboriginals were not entered into the National Service Ballot either (exempted actually in the legislation) … but one Aboriginal that volunteered and served in my training Platoon was not only a great guy but a great soldier too …
Anzac Day War Story
On our March Out Parade from Singleton 3TB, the Colonel taking the salute stopped in front of our mate above and said, “What are you doing here, recruit, Aboriginals are exempt from NS?”
The whole platoon obviously showed some “emotion” at the way the question had been put … as our Sergeant (Kaiser – what a surname!) whispered (loudly) “Steady!”
Our mate had the answer tho’, “Because I’m an Australian, sir” …
Lots of wide grins … we’d asked the same question – and got the same answer!
The bloke that slept opposite me was called Blackie and we found out that he too had volunteered for NS … d’ja wot, we said … then we found out that his brother was in VN and he wanted to join him … Gallipoli Spirit wasn’t dead then!
Be nice to catch up with some of the old “recruits” one of these Anzac days …
“”you can’t “normalise” violence “”
Nah, we just make them the Governor General instead… 🙄
Your usually more “articulate”, sreb … I don’t get your point?
“Time for the miserabilist left to shove their fake history down our throats yet again.”
You can’t be serious!
It was the lying rodent that rammed all the Gallipoli shite down our throats, and the rabid right wing shock jocks that whip all the patriotic flag waving bullshit year after year.
Well, you said you can’t “normalise” violence.
Surely when it comes to “military violence” you’d be far stretched to find a greater example of making violence carried out in the name of patriotism “normal” than bestowing a former soldier with the role of GG.
than bestowing a former soldier with the role of GG.
And then facing Conrovian abuses
You can’t be serious!
I’m pretty sure he never has been. Well, it’s more of a hope than a belief 😉
… making violence carried out in the name of patriotism “normal” than bestowing a former soldier with the role of GG.
Soldiers go where they are told and do not fight for god, queen or (usually) country … another myth … soldiers fight for their mates – each other – because if their mates fall so do they!
Soldiering is and never has been about patriotism … its about professionalism …
And there is MUCH evidence that violence has a debilitating effect on most soldiers … ie it is not normal …
Tying politics to military seems easy … until you realise that politicians make the calls (believe me I know it!) but the military obeys the command … and soldiers do not become automatons … especially Australia’s members … they are one of the most professional and highly trained military in the world and trained to make decisions as small groups and/or individuals … and we need ’em … around 80,0000 now … small but highly efficient and effective …
Problem is the politicians happily see ’em off to war … and then discard and forget them when they return …
Blame the pollies NOT the professional soldier …
Imagine this massive island without a defence force …
My one argument in favour of your concern is that we have never been invaded … but our COUNTRY has invaded way too many … including Turkey … who have enormous respect for Australia … funny that … and Vietnam … and Afghanistan … the concept of “hearts and minds” is something the USA has only just begun to learn …
Generally our military has/is respected around the world …
Respect the soldier – all of them … male, female, gay, lesbian … they are all represented …
Politicians declare war … not soldiers …
Just for the
LiberalRoyalists who thought the queen’s birthday was in June – you know the birthday holiday that even the Poms don’t have – its TODAY!90 is a pretty good innings … so who plops on the golden ring after Liz …
Always remember my dear old Mum (a Royalist) being asked so what happens when Charles takes over? She was 88 at the time … she thought for a bit and then said, “Charlie! That boofhead? No way”
Mum was in the ATS during the London Blitz on Anti Aircraft batteries in London … you’ve seen ’em in old war films pushing the markers around on maps … BUT Liz wore the ATS uniform … so she was one of them … duh!
Dontcha hate political weaselling!
http://www.theguardian.com/australia-news/2016/apr/21/malcolm-turnbull-expected-to-reject-bill-shortens-demand-for-pre-election-briefings
Actually an election defeat will finish Australia. A country can only take so much corrupt and immoral govt. A Labor victory will mean the end of Australia
A Labor victory will mean the end of Australia
And the birth of The Republic of Australia!
Prepare for the most class-based election in recent history http://ab.co/1U6VGMy – via @abcnews
“You can’t be serious!”
I’m deadly serious. Every year around ANZAC Day the idiot left produces an article like the one AO linked to. Typically the propositions put are illogical and based not on evidence but assertion of the PC memes of the month.
And I’d much rather see a distinguished military officer as G-G than some “hero” of the left.
And I’d much rather see a distinguished military officer as G-G than some “hero” of the left.
I’d prefer anyone who is suitable for the role. I think Cosgrove is, and I don’t like the way Conroy attacked him for the libs political shenanigans. Cosgrove did everything by the book, the fact that the libs get down and dirty, doesn’t mean that Cosgrove is, he’s just following the procedures.
The libs and their supporters continually attacked Bryce for political purposes, and it was wrong then, as wrong s it is now for Labor and their supporters to attack Cosgrove.
the propositions put are illogical and based not on evidence
You mean like the evidence that, despite the history books essentially writing Aborigines out of The Great War, there were over 50 at Gallipoli alone, even though they were technically forbidden from being there?
Camille Paglia tells it like it is:
You mean like the evidence that, despite the history books essentially writing Aborigines out of The Great War, there were over 50 at Gallipoli alone, even though they were technically forbidden from being there?
But we know … and so do thousands of other Australians …
We don’t believe in slavery now … either …
Historical events should never be compared with the present … unless to demonstrate the differences of the times …
There were a number of Aboriginal WWII vets as well (and I’ve had the privilege!) …
Blaming others for what happened in the past because their ethics or morals suited the times is not just silly … it achieves nothing …
Consider the concept of “God is on our side” during both WWs … ethics, morals, compassion, hypocrites …
We can’t change the past, we live in the present and know not what the future will bring us …
Learning and understanding is the biggest game changer for human history …
If only all politicians understood that … and a few teachers …
marching toward perfection
The Horror!
the toleration of the educated class for homosexuality
Maybe they are called the “educated class” for a reason?
Or would you prefer the good old days of a Saturday night Gay Bashing outing?
it’s symptomatic of a civilization just before it falls.
THE END IS NIGH!
who am I
And ultra conservative nutjob would be my guess. No, I’m not reading the rest of the claptrap, it’s like reading a a female version of bolt.
Wow, and the medias problem with this, is why didn’t they announce it before the election?
Pork Barreling anyone?
“I had a commitment for a $10 million allocation to the Wangaratta hospital that, if elected, I was going to announce the week after the election. That is $10 million that Wangaratta hasn’t had because Cathy [McGowan] got elected,” Ms Mirabella said.
“So the question is: who can best deliver that funding in a Turnbull Coalition government? It’s about who has the ability and the knowledge and the contacts in government to go to the top of the list. Cathy wasn’t able to do it – I will be.”
It was not immediately clear why the government would not have announced the funding before the election.
Read more: http://www.theage.com.au/federal-politics/political-news/sophie-mirabella-denies-shoving-indi-rival-cathy-mcgowan-says-government-pulled-10-hospital-funding-20160421-gocdhr.html#ixzz46VdTREtY
Follow us: @theage on Twitter | theageAustralia on Facebook
“…And I’d much rather see a distinguished military officer as GG…”
Yes, they know how to follow orders without question from their “superiors/commanding officers” and they are quite happy with military-political interference in our so-called democracy.
Tony Abbott speaks sense
http://www.dailytelegraph.com.au/news/opinion/lets-remember-labors-ticking-time-bombs/news-story/0338ee2ad104bd1e31e646b98eddd9c4
IT’S reasonably well known that the Rudd-Gillard government burdened taxpayers for decades to come by locking up in legislation massive unfunded spending. What’s less well recognised is how Labor, in government, also sabotaged the broader economy to benefit the unions.
The common element is Labor’s determination to make itself the natural party of government by entrenching both social spending and union power.
The previous Labor government committed more than $100 billion extra over the next decade to schools and public hospitals. Then there was another $100 billion extra for the National Disability Insurance Scheme.
Some of it was justified and most of it was legislated but none of it was funded. That’s why the reforms of the 2014 budget were so necessary and why the Liberal National coalition’s continued commitment to savings is so important.
Some of it was justified and most of it was legislated but none of it was funded.
nil perpetuates bullshit from yabot
Mr Swan said the schools and DisabilityCare programs cannot be funded without significant savings.
The federal government has said it will save money by clipping its foreign aid budget, abandoning a boost to family tax benefits, and dumping a planned tax cut to compensate households for the expected high carbon price in 2015.
Read more at http://www.ninemsn.com.au/article/8658098?site=finance#KmXVqZIkW2FY9J72.99
nil perpetuates bullshit from yabot
I would believe Abbott before i would believe anything you deadbeats say.
What does it mean Labor funded things?? Did Labor fund things with a $20B, $40B or $60B deficit budget?
It doesn’t matter how it was funded nil, it was funded (although, we’ve been through the fact that, if the libs had stuck with Labors budget, instead of bequeathing it to their mates, we’d be back in surplus by now)
“”Yes, they know how to follow orders without question from their “superiors/commanding officers” and they are quite happy with military-political interference in our so-called democracy.””
Precisely. Heaven forbid the role of GG should be occupied by an individual capable of independent thought with a moral compass.
Conroy was right to point out that the role of GG had been compromised when it was required to play line ball with the LNP’s games over the ABCC which most Australians couldn’t care less about.
Abbott’s a habitual liar. He hasn’t said or written a word of truth or fact in his entire political career.
He carries on trying to undermine turnbull and big note himself with those ‘look at me’ essays. All designed in the hope of getting himself in the top job again (who cares whether the citizens want him or not)
From rectum’s link:
“A problem is that young women today, at least in America … a whole generation of young people have been raised in a very protected environment right now. …
“Their education, from my observation, was rather banal, that is they have been taught humanitarian fellow feeling. They’ve been taught how to get along, no bullying.”
Gee, teaching people how to get along.
And this is a “bad thing?”
Maybe if we all just hated each other a bit more, the world would be a better place.
we’ve been through the fact that, if the libs had stuck with Labors budget, instead of bequeathing it to their mates, we’d be back in surplus by now)
And the fact is you are a fool that does not care about Australia.
Wayne Swan is a liar. A dishonest immoral human being. No wonder you support him
Gee, teaching people how to get along.
Where will it all stop. Next thing, they’ll be teaching people how to stop wars instead of start them.
Then what do we do with all the unemployed from the bomb factories?
Yeah! If people don’t care about the ABCC that just shows how ignorant they are about important issues.
Personally, I’m really sick of those people .
If people don’t care about the ABCC that just shows how ignorant they are about important issues.
I AGREE! yomm, people SHOULD care about the ABCC, and how fucking wrong it is to treat one type of worker worst than an ice trafficker
“”Yeah! If people don’t care about the ABCC that just shows how ignorant they are about important issues.””
This is true.
People that are unemployed, living in poverty or struggling with abusive relationships, mental illness, disability, or substance addiction simply don’t know just how good they’ve got it. On a construction site somewhere, there might be a bit of rorting going on.
It seems only right that the nation should be brought to it’s knees over such a cataclysmic concern.
HOW LONG HAS THIS BEEN GOING ON….??!!
“Maybe if we all just hated each other a bit more, the world would be a better place.”
Listen you bunch of fucking stinking arseholes……………. I think the World is a wonderful place
I see trees of green…
I think Paglia was making quite a different point. However, having dared to differ from the prevailing tropes of the lockstep leftist social agenda she will be attacked in the usual leftist way – a swarm of sneering cheap-shot twitter-sized ejaculations spurting at her from all over the place as the great undifferentiated blob of leftist groupthinkers jerks itself from slumber to frothing outrage at the very thought that anyone dared transgress their precious belief-system.
Paglia, like the most intelligent thinkers, is not afraid to go against the prevailing shibboleths of her age. Good for her – the more people she offends the better!
red roses too?
I think Paglia was making quite a different point.
Perhaps you could articulate it for us then?
Fraud rife in banking system say economists..
http://www.abc.net.au/news/2016-04-21/fraud-rife-in-banking-system-economists-say/7348176?section=business
Well, if they police themselves reb (don’t they kinda police themselves already?), at least we won’t know about the fraud. Good times
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“(don’t they kinda police themselves already?)”
Yes and no.
“If calling for a Royal Commission into banks can make them show a bit of humility, imagine what a real one will do” –
I think it should read thus……….
“If calling for a Royal Commission into Union controlled Superannuation Funds can make them shit themselves, imagine what a real one will do” –
If calling for a Royal Commission into Union controlled Superannuation Funds can make them shit themselves,
a) Who has proposed such a thing?
b) Why, since they have shown again and again to be better than the rest of the mob?
Yes and no.
Then I kinda think you mean YES 😉
Election defeat looking closer day by day
Remember how a now member of the FWC (as a union official) pocketed all the directors fees from the super fund?
Thinking only of the union members interests no doubt!
perhaps you’ll remind us yomm?
You’ll love this …
http://www.theguardian.com/news/datablog/ng-interactive/2016/mar/22/do-you-pay-more-tax-than-australias-biggest-private-companies
Thinking only of the union members interests no doubt!
Bit like the Tassie/Vic(?) Treasurer … or Georgie Sinusitis fiddling the books …
Wake up ToM, its fkn everywhere!
Any doubt we need a Royal Commission on Bank & Finance this story is very convincing … and it affects THOUSANDS!
People should be arrested and charged with theft and fraud both criminal offences … and the perpetrators – from the Directors down should face a JAIL sentence!
More evidence here that the TURC …
Indefensible!
http://www.abc.net.au/lateline/content/2015/s4448097.htm
“People should be arrested and charged with theft and fraud both criminal offences … and the perpetrators – from the Directors down should face a JAIL sentence!”
Depends.
Most finance companies and banks will approve a loan subject to sufficient evidence being provided by the borrower. In the case of individuals, they need to provide recent payslips and group certificates to confirm their declared income. and rates notices to prove home ownership (or, in the case of renters, lease agreements and utilities bills). The borrower must declare all other debts and commitments, number of dependents, and so on. If they make false declarations, they have broken the law.
However, if a lender or its agent falsifies a signature on one of those declarations, then they have broken the law.
If a borrower signs a false declaration without reading it or with blank spaces which are subsequently falsely filled in, then they are victims not only of fraud but of their their own stupidity.
These have to be looked at on a case-by-case basis. If laws have been broken the perpetrator(s) should be charged – whether lender or borrower.
A Royal Commission is not required. Appropriate laws already exist.
A Royal Commission is not required. Appropriate laws already exist.
As they did for the TURC … but the fraud and criminality is obvious in the banks and it needs to be thoroughly investigated … by an RC
Royal Commissions are called to look into matters of great importance and usually controversy. These can be matters such as government structure, the treatment of minorities, events of considerable public concern or economic questions.
…A Royal Commission is not required. Appropriate laws already exist…
Laws are useless if they are never used by the people empowered with them. Unfortunately the regulators are lacking in the will and means to use their powers, they are part of the problem – corporate lackeys. Australia’s cowboy corporate culture has been allowed to exploit us all, which is why the famous comment “australia is a paradise for corporate criminals” was made.
tweet,,,,Sophie Mirabella`s shocking admission reveals yet again,,,,
# ,, another spectacular teabag `own` goal (-:
His polling must be bad:
…GT A shocking phenomenon is Australians don’t even understand their own democratic system. They are quite content to have parliament be complicit with passing legislation to strengthen the powers of the executive and to exclude the courts. They have no idea of the separation of powers and the excessive overreach of executive government…
RK Sisyphus comes to mind.
GT Well, it’s quite true. One can be astonished at the very simplistic level at which I need to speak. Our parliamentarians are usually seriously ill-informed and uneducated. All they know is the world of Canberra and politics and they’ve lost any sense of a rule of law, and curiously enough for Canberra they don’t even understand what democracy is. Not an easy argument to make, as you can imagine: me telling a parliamentarian they need to be better educated. [laughs] But it’s true…
…The Tax Justice Network has criticised a Senate report on corporate tax avoidance, saying it fails to recommend the most needed reforms, such as whistleblower protection for private-sector workers and disclosure of all subsidiaries in offshore tax havens.
The report also fails to recommend a reform that would show where a company conducts its business compared to where it actually parks its profits, Mark Zirnsak of the Tax Justice Network said.
“Those being made public would be a huge step forward, that’s a huge one,” Zirnsak said…
A,,,,,shocking phenomenon is Australians don’t even understand,,,,,
# ,, while l agree with the rest of the quote armchair, the author hasn`t followed media-stats, particularly since TV`s came with remotes, a very high percentage of viewers (say-85%) change to the `cricket` or footy as soon as politicians start faffing or lying, so it aint a `shocking-phenomenon` really, particularly as the politicians know it too
tweet,,,,,Morrison has gone from criticizing divorce, to now welfarebashing,,,,,
# ,, l saw him rambling to the dog-club on TV, the stupid fcuk said `work is the best welfare` (or-similar) the rabbit-imbecile`s favorite line, seems talkbulls-teabags are going into the election with the identical rabbit-plan and rabbit-talk (they must be hell-bent on pushing blib`s useless arse over the line this time)
# ,, hint, every time teabag-media allow `work-is-welfare` type statements go past unchallenged, they should NOT be considered as doing `reporting`, but merely advertising
Early theme of #ACL2016 so far is how hard it is to be Christian in Australia in 2016.
Poor dears … if they just fucked off it would be easier for them!
Ask the Martians …
SSM movement, Safe Schools – part of long history of persecution of Christians, says Millar #ACL2016
Yep, Witch Hunts (continuing today in the Liberal Party), Crusades, Spanish Inquisition, McCarthy, Sexual Abuse, inEquality (in so many ways) …
So fkn hard for the hypocrites when people say ENOUGH of the BS, it makes you want to cry for ’em! Duh!
M,
You’d think by now they’d change the power of the King to … the power of the Sovereign …
Thanks for the histr’y …
++++++++++++++++++++++++++++++++++++++++
His polling must be bad:
Chuckle … do leopards change their spots, KL? (nah)
The Minister had two bosses called Richard … one in PNG – who dudded her … employing his wife on her “Employment Card” … fraud … he got his comeuppance – I knew people in the Dept of Labour …
Number two was a Director and Manager that I clashed with on every occasion I met him … he cheated on The Minister’s payout when he dismissed her – she had called him out on a $10,000 loan to a female employee … they had also been paying holiday pay loading each week in the pays (illegal) … I’d met some of the Directors when they came to Oz so wrote to the one’s I had connected with and told ’em … he was summonsed to Hong Kong … I mean summonsed – now! I also wrote to the people I knew in the QLD Dept of IR … The Minister (mine) was interviewed and QLD govt went through the business … boy did they go through it … four days … less than 20 employees (USA company – who had been doing business with Iraq!) …
The point to this tale is … DICKS ARE ALWAYS DICKS!
Shorten did well with Uhlmann (what a Germanic name) …
Fkn hell, even the dumber get smarter in election mode …
http://www.news.com.au/finance/economy/australian-economy/the-mysterious-case-of-synchronised-petrol-prices-and-why-australians-are-getting-screwed/news-story/a8d6f751160eeef45225487110ba9e3d
Why not when their elected government is farting around with this shit … its been going on for DECADES!
I have never wanted anyone to kark it but Murdoch comes fkn close!
Negative gearing simply a form of ‘tax avoidance’
http://thenewdaily.com.au/money/2016/03/30/turnbull-has-said-negative-gearing-is-tax-avoidance/
…ANALYSIS: Negative gearing is not equivalent to standard business tax practice: it is not allowed in many countries and Malcolm Turnbull has recognised this in the past…
What can I say KL … grrrrrrrrrrr!
► Negative Gearing Welfare
► Trust Fund Welfare
► Super Tax Breaks for the Rich Welfare
► Multi-national Tax Dodge Welfare – Emphasising the PANAMA PAPERS
► Present Pollie’s Expenses & Perqs Welfare
► Post Pollie’s Expenses & Perqs Welfare
► Pollies International Travel Wastefulness
► Liberal Party Economic Incompetence
► Reduction or Stopping Private School Funding for Any Future Cases of Paedophilia
► Bean bag wastefulness
► Gay marriage plebiscite wastefulness
► $9.4 billion Lodge wastefulness
► $15,000 stove!
https://independentaustralia.net/business/business-display/labors-banking-royal-commission-one-of-the-great-all-time-wedgies,8913
//platform.twitter.com/widgets.js
Far from being silenced, the conservative voice is amplified and disproportionately powerful
http://www.theguardian.com/commentisfree/2016/apr/25/far-from-being-silenced-the-conservative-voice-is-amplified-and-disproportionately-powerful
…One can only imagine how truly vulnerable communities would yearn for the elevated platform given to the conservative worldview through the likes of former-prime minister Tony Abbott, current deputy prime minister, numerous senators and MPs, Andrew Bolt, denominational leaders, religious institutions and well-funded lobby groups.
Add the historical influence of the church and the media’s penchant for conflict the reality is clear – far from being persecuted, in today’s Australia the conservative voice is amplified and disproportionately powerful.
While it’s true that voicing your opinion in public can be difficult at times, there’s a vast difference between being a victim of discrimination and the reality of fewer people agreeing with you than you’re used to…
hahaha, this was a terrific early morning laugh!
How badly does abbott want defence?
Greg Sheridan does Abbott no favours with Payne, Turnbull attacks
http://www.afr.com/brand/rear-window/greg-sheridan-does-abbott-no-favours-with-payne-turnbull-attacks-20160425-goenk7#ixzz46sS3abvU
…The unabashedly self-serving/defeating attacks on Malcolm Turnbull and his defence minister Marise Payne continue from Tony Abbott’s deluded bestie, The Australian’s Greg Sheridan.
Published on Saturday alongside Abbott’s confession of his “litany of mistakes” (which turned out to be a highly qualified half-admission of a few meaningless ones), Sheridan launched yet another vicious attack on Payne, unsuitable, he reckoned, for a portfolio that “simply demands a high energy, ubiquitous, crisp and effective communicator taking every possible media opportunity” (ie: anyone who obediently drip-feeds him classified information). This follows Sheridan’s erroneous March 3 story that Turnbull delayed the acquisition of new submarines, refuted by defence chiefs and miraculously quoting the top-secret draft of Abbott’s (and Kevin Andrews’) planned White Paper…
…Sheridan also reckons Turnbull erred by not posting Brian Loughnane – a party officeholder, not even an elected politician – to the Vatican. Imagine the outcry if Labor sent a serving Sussex Street hack overseas as an ambassador, something never done before. Such a move, we’re told by someone who’d know, would’ve “earned gratitude” from Abbott, and “been a unifying act”.
And finally, “the initiative lies with Turnbull” to ensure “Abbott is brought back to Cabinet”. As if Sheridan’s past and present “journalistic” initiative hasn’t ensured that can never now happen…
😆
The photo above isn’t funny in itself, it is the caption that goes with it
Backbenchers Tony Abbott and Kevin Andrews during Question Time last month, probably dreaming up a ground invasion of Brussels.
Alex Ellinghausen
http://www.afr.com/brand/rear-window/greg-sheridan-does-abbott-no-favours-with-payne-turnbull-attacks-20160425-goenk7#ixzz46sUff12P
http://www.theage.com.au/video/video-system/video-ipad/the-budgets-hidden-horror-20160425-4e0rd.html
“$9.4 billion Lodge wastefulness”
Huh?
Huh?
Maybe he was just using the libs calculator?
But are used by lnp at times like anzac day
I had the same tin foil hate moment when I saws it on the
advertsNews last night ao, but, we cannot question our “security” on a day Like Anzac, can we?Sacked minister Stuart Robert condemned for ‘distasteful’ Anzac Day tweet
Read more: http://www.theage.com.au/federal-politics/political-news/sacked-minister-stuart-robert-condemned-for-distasteful-anzac-day-tweet-20160425-goecde.html#ixzz46suH8LBw
Follow us: @theage on Twitter | theageAustralia on Facebook
I wonder if malcayman has been as vociferous in his OUTRAGE as he was with that SBA journo he got sacked same time last year?
I think Nick Xenophon’s party will get my first preference, followed by an independent.
ALP and Libs will get equal second last preference.
Greens last.
Hate the rich.
Kill the rich.
Eat the rich.
There is not enough hatred in this country. That’s why we need leftists.
Truly there is no lower form of life than the hateful leftist.
And while we are at it I’ve given up on marriage equality for now.
I’ll spend my time attacking the fascist hatemongers of the LGBTI lobby. I want to able to disagree with those dumb bastards without being sued. And I don’t want Fisting 101 taught to primary kids. Apparently it is OK to mock and vilify Christians at every opportunity. That is what the misbegotten Mardi Gras morons get off on every year. And then they whine like buggery if the sensitive little darlings get offended by anything, no matter how innocuous.
And incidentally, by suing the Catholic Bishops for politely making a case against gay marriage and by forcing a perverted sexual agenda on schools, Big Gay has practically lost the referendum on gay marriage. Good! Up yours, fascist mongrels!
Thanks, for the proof-reading, ToSY … what’s a B between M’s … ~(:-)
► $9.4 billion Lodge wastefulness► $9.4 MILLION Lodge wastefulness
I suppose you could argue its “only” $6.2M waste … the estimate was $3.2M … would have been hell to pay if my house had trebled in price when we had it built!
Just sayin’ …
Truly there is no lower form of life than the hateful leftist.
Hateful fascists …
Hate the rich.
I wouldn’t call it ‘hate’, just a desire to move tax dollars away from propping up already rich, while continuing to kick the poor
Surgeons, anaesthetists, finance managers and lawyers will be the overwhelming beneficiaries of the Turnbull government’s decision not to touch negative gearing in the budget, research shows.
Read more: http://www.smh.com.au/business/federal-budget/federal-budget-2016-top-earners-benefit-most-from-negative-gearing-grattan-institute-finds-20160425-goeef5.html#ixzz46sznnPHQ
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Eat the rich.
not that there is anything wrong with that
sb, take yer tabs, lad yer all over’t page like a mad woman’s shite!
forcing a perverted sexual agenda on school
I get the feeling you don’t know what the course is about at all, and have bought into the skyfaeries ignorant hateful preachings along with their preachings about said ignorant hateful skyfaeries
SB is right… it seems that those most wiling to dish out spite and bile are the most easily offended.
Why is that?
oh, and I din’t hate the rich … I just hate the greedy ones who won’t pay their way in society but expect all the benefits …
If you don’t want to pay taxes here … don’t send your money to the Virgin Islands or Caymans … go and fkn live there …
Then you can invest in Australia and pay tax here …
“willing”
“””Why is that?””” (Chuckle)
with their preachings about said ignorant hateful skyfaeries
It the kryschun thang, pilgrim!
“I wouldn’t call it ‘hate’, just a desire to move tax dollars away from propping up already rich, while continuing to kick the poor”
Where do you think the fucking tax dollars come from? The poor get their whole fucking lives subsidised when the should just get a job.
Every cent the government spends comes from private enterprise! So, fuck yeah, kill the rich and then there will be enough for everyone!
but expect all the benefits …
Yeah!
Like supporting a slack, bloated self interested and politicised public service. Or funding “art” that has little to do with Australian culture and maintains Australia’s cultural cringe… an “artist” hasn’t made it until they’ve popped over to New York or Paris or Venice at taxpayer expense for an exhibition.
Yep, why can’t everyone just be happy with paying lots of tax?
it seems that those most wiling to dish out spite and bile are the most easily offended.
lol says Unions = BOO (or as the other siptefule one would say, bikies bitches)
Perhaps this is the one of the reasons for all that hate and bile?
Union leaders say they have secured hundreds of thousands of dollars of pay owed to subcontractors who worked on the Bendigo Hospital project.
The subcontractors were left unpaid when plastering business Asset Interiors went into administration in February while working on the new hospital.
http://www.abc.net.au/news/2016-04-25/cfmeu-claims-pay-win-for-bendigo-hospital-subcontractors/7355072
Kool aid:
“Safe Schools Coalition is about supporting gender and sexual diversity. It’s not about celebrating diversity. It’s not about stopping bullying. It’s about gender and sexual diversity.”
Where do you think the fucking tax dollars come from?
Pretty much everybody that earns a wage last time I looked
wow sb, and “context’ to that sound bite that is all bite and no sound?
‘Pretty much everybody that earns a wage last time I looked”
Not everyone who earns a wage pays tax. And a good chunk of those who do are net recipients of welfare.
OTOH the top 10% contribute 50% of personal income tax.
Not everyone who earns a wage pays tax.
No. wasn’t Packer famous for that?
OTOH the top 10% contribute 50% of personal income tax.
And how much of the wealth do they own?
“And how much of the wealth do they own?”
So it is wealth tax now, not an income tax?
Not everyone who earns a wage pays tax.
I AGREE!
Tax Office statistics reveal the 55 millionaires who paid no tax
Read more: http://www.smh.com.au/federal-politics/political-news/tax-office-statistics-reveal-the-55-millionaires-who-paid-no-tax-20150429-1mw2zp.html#ixzz46tAMzRvv
Follow us: @smh on Twitter | sydneymorningherald on Facebook
So it is wealth tax now, not an income tax?
Is income ALL we tax?
One more time for the dim-witted: if you want to know how much tax someone should pay then look at their taxable income.
“Is income ALL we tax?”
Why no? there are over 120 taxes bit none of them is a wealth tax.
“The Labor pardy opposes these roofless cuts.” ~ Bill Shorten, Queensland, 26/4/2016.
there are over 120 taxes bit none of them is a wealth tax.
Perhaps we need to look into that then, as they’ve managed to gouge out even more from the low paid with shit like the GST, etc
“”Big Gay””
😆
“”The poor get their whole fucking lives subsidised when the should just get a job.””
Well said!!
One more time for the dim-witted: if you want to know how much tax someone should pay then look at their taxable income.
That’s true … but not quite in context … you’re starting to sound like a certain walrus we know … its what happens BEFORE that taxable income is derived …
Dim witted? Says it all …
Ya can fool some of the people … tax loopholes are manufactured everywhere and generally for the rich … creating welfare for the rich to get richer, that the poorer tax payers subsidise …
And you may be surprised to find out that not all people in society are capable of earning a living … but that doesn’t make them non-contributory or a burden …
We don’t live in fkn beehive … yet!
And you may be surprised to find out that not all people in society are capable of earning a living … but that doesn’t make them non-contributory or a burden …
Exactly TB. We created the public service for people like that!
mmmm few shrills here this morning … I haven’t checked the news yet … something happened?
Exactly TB. We created the public service for people like that!
Glad you agree …
LOL!
What happened to the “open and adult discussions” … ?
Numbers is fkn numbers you dorks …
http://www.news.com.au/national/breaking-news/pm-rejects-thinktank-on-negative-gearing/news-story/a55b002d6100cd9a5548bd47641a6d7d
“starting to sound like a certain walrus”
What an insult, comparing me to that leftist! What next that commie fucktard Kneel?
“mmmm few shrills here this morning … I haven’t checked the news yet … something happened?”
Nah. I just got bored and decided to reinvent myself. But I’m only half joking. I call it the return of the heinous anus!
I can do good shrill if I let Tom R provoke me. I should be able to keep it up for a while and the last thing this place needs is another head-nodding supporter of all the right causes.
“And you may be surprised to find out that not all people in society are capable of earning a living … but that doesn’t make them non-contributory or a burden … “
Really?
“”We don’t live in fkn beehive””
Speak for yourself!!
(I’m convinced: an elitist, heirarchical, tax-dodging closed(-minded)-shop indubitably is the best expression of democratic socio-civics and it’s Leftists, all the way down, who are macro-economic vandals, defilers of the national good, and perverters of fuller and freer social, civic, and economic participations in a generally more prosperous Australian community.)
Malcolm Turnbull was quick to dismiss the analysis, saying it was littered with factually-incorrect statements.
I’m guessing he did that with a litany of factually-incorrect statements 😉
“its what happens BEFORE that taxable income is derived … “
Firstly, “taxable income” is not derived. Assessable income is derived. What you probably meant is that “its what happens after assessable income is derived and before taxable income is calculated”. Or maybe after rebates are credits are applied. Walrus will have this down pat. Clearly you don’t.
Leftists all the way down is what brought us the mass killing of 100 million people last century. It still brings poverty and misery under the Castro brothers, having brought you 10,000 dead at the hands of communist butcher and fetishised leftist icon Che Guevara. And it still brings you the economic vandalism and economic catastrophe of Venezuela caused by Obama’s good buddy Hugo Chavez.
The only difference between the above and the various Socialist groups, the Greens (and their stupid arse-lickers on the ALP left) is that with the above it is a slower form of asphyxiation of the economy along with the destruction of society by hate-fuelled identity politics.
One more time for the dim-witted: if you want to know how much tax someone should pay then look at their taxable income.
But what about the taxable income that has been specifically reduced to avoid paying their share of tax?
That’s what the whole feckin’ tax argument is about – people not paying their fair share, even hiding their loot offshore to avoid paying their share in this country, where they earn their income.
Do PAYG wage earners get to reduce their taxable incomes through fancy [and expensive] accounting schemes?
“”We created the public service for people like that!””
And Libraries!!
Where else would people from Queensland go to read the newspaper for free.
As that guy from the Grattan institute said “for every person who is negative gearing there are another eight taxpayers who have to pay more to subsidise them”
“There are only two things I can’t stand in this world: people who are intolerant of other people’s cultures, and the Dutch.” ~ Nigel Powers, Goldmember, 2002.
Their grubby little secret is out. The Grattan Institute is in the thrall of Big Oil.
“Grattan began with a $15 million endowment from each of the Federal and Victorian Governments. BHP Billiton provided $4 million.”
The one thing missing in your communism = BOO! rant sb is capitalism’s failure
Insatiable greed and
enormous INEQUALITY
Democratic socialism is the answer.
Their grubby little secret is out. The Grattan Institute is in the thrall of Big Oil.
…“Grattan began with a $15 million endowment from each of the Federal and Victorian Governments. BHP Billiton provided $4 million.”..
Who are you quoting there tony?
I see, from their own site
Grattan began with a $15 million endowment from each of the Federal and Victorian Governments. BHP Billiton provided $4 million. In order to safeguard our independence, Grattan Institute’s board controls the endowment. The funds are invested and Grattan uses the income to pursue its activities.
And lucy turnbull is on the board!
🙂
We saw them goad Holden into leaving”
So all somebody has to say is BOO and a large multi-national up and leaves??
Telling lies does not help the few manufacturing jobs we have left in Australia
For every rich fuck that pays less than 200% tax a dozen less well off people must pay more tax!
We are only talking about finding extra tax revenue here, there and everywhere because Rudd/Gillard/ALP did this
http://www.afr.com/opinion/editorials/voters-must-know-the-budget-truth-this-time-20160425-goecqt
In 2007, Labor Treasurer Wayne Swan inherited a $21 billion budget surplus. Six years later he left a $48 billion deficit. The global financial crisis came in between, but so did the greatest investment and trade boom in Australia’s history.
Mr Swan’s “temporary” post-GFC deficit – which he failed to even mention in his 2009 budget speech – remains on track to last for more than a dozen years and total $400 billion or so. A capital-importing nation with no commonwealth government debt at all just over a decade ago now risks being stripped of the AAA sovereign credit rating.
So all somebody has to say is BOO
Why in the hell would the “grown ups” even say BOO?
For every rich fuck that pays less than 200% tax a dozen less well off people must pay more tax!
200%! LOL! … now we know its all fkn BS! ~(:-)
ToM pays more tax than 99% of Australians! If that the case he needs to earn a bit more and pay some more … must be chilly at the top … giggle … giggle …
Did I read somewhere that there are free newspapers at the library …?
Even The Awfulstrailian?
Backlash for Prime Minister Malcolm Turnbull after promoting negative gearing with couple who bought home for their one-year-old baby
https://au.news.yahoo.com/a/31438748/backlash-for-turnbull-after-promoting-negative-gearing-with-couple-who-bought-home-for-their-one-year-old-baby/?cmp=st
…The Mignacca family purchased their first investment property in Cronulla 10 years ago, which they sold to buy a house in Penshurst.
The couple also own an apartment in Penshurst, and said their portfolio wouldn’t exist without negative gearing..
“Look, if you couldn’t negative gear a property I don’t think I would buy another investment property,” Mr Mignacca told The Daily Mail.
“It would purely cost me too much,” he added.
But others aren’t convinced.
A huge wave of criticism followed, with people claiming this highlighted the exact problems with negative gearing.
“You can’t see the problem with this?” wrote one angry woman.
“It uses tax dollars to advantage those who are already advantaged while locking out those who just want one house to actually live in themselves. Poor selfish public policy. We deserve better.”
Another woman noted how difficult it is for first homeowners to enter the property market.
“Would much rather see a tax break given to a young couple struggling to buy their FIRST HOME, while renting a home owned by a one year old!” she said…
I can think of a number of australian industries I would like to see re-nationalised.
Even TurnAbbout is starting to believe he is the fount of all knowledge … the emperor really has no clothes … next he’ll be turning back the tides …
Just for the record he did fuck the NBN … he did not invent the internet!
So all somebody has to say is BOO and a large multi-national up and leaves??
Yep, that’s what the libs say whenever there’s a debate about corporations being required to pay some tax here.
And our finance sector is so fragile, so shaky, that the very possibility of an inquiry into their activities will ruin our economy!
😆
Talcum will be on 730 tonight to argue that poor people own negatively geared investment properties too.
I’m about to verify this but … MalFuction ShitBull said (apparently) on 7:30 …
What a wanker! That’s the points your fucking dithering bullshit artist!
Proves having money doesn’t prove you’re fkn smart!
++++++++++++++++++++++++++++++++
Will there be a DD? What a bunch of dodos … can’t wait for Dopey Dutton to fly and shit everywhere …
What circus … has this DD government achieved anything?
They’re paid how much!
Remember! This time next week it’s BUDGET NIGHT BINGO!!
This time next week I’ll be surfing in southern California!
But maybe I’ll check in from my beachside shack.
Well that would be the reasonable thing to do.
Well that was an absolute cracker of an interview of 730.
Leigh Sales made absolute mince meat of Talcum.
Definitely one to catch up on iview if you missed it…..!
I’ll be thinking of youse
//platform.twitter.com/widgets.js
“Remember! This time next week it’s BUDGET NIGHT BINGO!!”
So much fun! Wouldn’t miss it for the world.
(Unless something better comes up.)
Leigh Sales made absolute mince meat of Talcum.
In a word … owned!
MALfunction really did …
A PM should know by now to keep his hands STILL as a talking head … or waffling head …
UK … the same problem … ? ROBBER BARONS at work …
http://www.theguardian.com/commentisfree/2016/apr/26/renters-owners-tory-london-capital-tenants-property
Nothing is new …
Thrive as a society … or dive as an economy!
teabag,,,,those most wiling to dish out spite and bile are the most easily offended,,,,
# ,, mirror, mirror, on the wall (-:
splattering,,,,The poor get their whole fucking lives subsidised,,,,
# ,, don`t they just? with their billions of revenue flowing thru off-shore havens, to their negatively geared sixth property
,,,,when the should just get a job,,,,
# ,, two-bucks a day with gina, or 47 cents an hour with 7-11, at least they have `choice`
wow, malcayman hit the ball out the park last night.
As a PM, he makes a great opposition leader. Poor old Bill Shorten hasn’t been able to articulate the case against negative gearing as well as malcayman did last night. And that was during a very tame foot rub of an interview. Imagine if she had wanted to go for the .
Well Leigh, that is – that’s beside the point. Of course – of course people on the highest incomes will make the highest gains because they tend to have more property</i?
http://www.abc.net.au/7.30/content/2015/s4450761.htm
I'm sure people who are paying a far larger percentage of their "earnings" in tax than most who are negative gearing are quite happy hearing that their taxes are helping these people buy a house for their one year old, at their expense. It will hurt even more when said one year old jacks up their rent, or comes around to do an inspection on their little tax payer subsidised investment portfolio.
Meanwhile, the libs continue to cut services in public health and public education.
I also note malcayman said 'earnings' last night, rather than taxable income. When you playing trixie with words malcayman, stick to them, else, you might get in a spot of bother.
Most of them are on average earnings or less …
I wonder if the media today will call out that outright lie?
Didn’t I get called out yesterday for saying the same thing … ?
That’s true … but not quite in context … you’re starting to sound like a certain walrus we know … its what happens BEFORE that taxable income is derived …
I just read through that afr article dil linked to, and it is quite full of holes. But, they do make one statement of fact that might upset the nils etal of this world
The Pre-election Economic and Fiscal Outlook – or PEFO – allowed Labor, under then Treasurer Chris Bowen, to claim that its big-spending programs – such as the National Disability Insurance Scheme and the Gonski school plan – were “fully funded” and consistent with a return to budget surplus by 2016-17. As Mr Richardson argues, this was only possible by adopting Labor’s 2013 budget pretence that it would keep real spending growth to 2 per cent a year for an extended period until a healthy surplus was generated.
So, they admit that, IF the libs had kept to Labors position, ” the National Disability Insurance Scheme and the Gonski school plan – were “fully funded” and consistent with a return to budget surplus by 2016-17.”, yet they then use hockeys first myefo, which has been well and truly exposed for the sham it was, to declare that this was not possible.
Of course it isn’t possible, because, with the first myefo, hockey blew out all of Labors economic rigour, and started “spending like a drunken sailor”
Wayne Swan himself isn’t impressed. If the afr are convinced enough to stand behind their rhetoric, then let the litigation begin. Else, Swanny has called them on their bullshit.
Didn’t I get called out yesterday for saying the same thing … ?
Probably, there was a fair bit of angst being shown yesterday morning, as some poor little “battlers” started to see their Additional Government subsidy being threatened
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Remember when a certain (former) public servant used to talk about his investment properties and the benefits of negative gearing?
Those were the days!
Occasionally in the life of a high profile MP, we get to witness that precise point in time when you realise their career is over. Last night was Talcum’s moment.
hockey blew out all of Labors economic rigour, and started “spending like a drunken sailor”
You should be a comedian. Not sure what you are saying but PEFO predictions are useless. This is the 2010 PEFO just before the 2010 election which Labor won
http://www.treasury.gov.au/PublicationsAndMedia/Publications/2010/PEFO-2010/Report/Fiscal-Outlook
Table 5 says the 2013 budget which was Swans last should be a $6B surplus. It was actually a $48B deficit. Treasury could not even get the sign of the budget surplus/deficit right.
Remember when a certain (soon to be former) pm once said that negative gearing was a form of tax evasion.
http://theaimn.com/day-day-politics-hypocrisy-runs-free-conservative-veins/
Occasionally in the life of a high profile MP, we get to witness that precise point in time when you realise their career is over.
Yes, Turnbull got to make the announcement himself (kind of).
Remember how Paul Howes made the announcement that Rudd was finished? Only on national TV and before most of the caucus had the notion.
Occasionally in the life of a high profile MP, we get to witness that precise point in time when you realise their career is over. Last night was Talcum’s moment.
Indeed. I tend to agree. I also remember a certain handshake at radio station.
I bet my sense of humour will increase with the next polls too … ~(:-)
Just chucklin’ …
Everything wrong about Malcolm Turnbull’s submarine decision
what’s wrong with the entire process, is ASC weren’t even IN the tender process.
Decades of skilling and billions in research flushed away, with no explanation why.
Grattan Inst fires back at Talcum’s criticism:
http://www.afr.com/opinion/grattans-john-daley-sorry-malcolm-you-are-wrong-on-negative-gearing-20160426-gofptb
Shorten can wedge Turnbull on climate [John Hewson]
https://theconversation.com/shorten-can-wedge-turnbull-on-climate-58400
…It was all a bit much for me to see Environment Minister Greg Hunt wallowing in the signing of the Paris Agreement on emissions reduction in New York this week. His commitment to its ratification by year end, after opposing the pricing of carbon and attempting to close down the renewables industry, is nothing short of blatant hypocrisy…
…Hunt also claimed that “Australia is open for renewable energy business and investment”. This must have been very “tongue-in-cheek” given his government has caused investment to collapse by some 80-90%, destroying some 15,000 jobs in that sector in recent years. All the while, encouraging the development of new coal mines and gas projects, and cutting the 2020 RET by some 20% to 33,000 GwH.
Despite what Hunt claims, his government has not yet come anywhere near a realistic and responsible recognition of the magnitude and urgency of the climate challenge, as dictated by the science. Nor has it developed policies that will deliver even modest, but inadequate, targets for 2030…
…However, I suspect, indeed hope, that this comes to a head in this election campaign. Shorten is in a strong position to “wedge” Turnbull on climate, by confirming his commitments to an ETS, and a 2030 target for renewables of 50%. Both are fundamental elements of a genuine response to the 2030 emissions reduction targets. I also suspect independent Tony Windsor could wedge Barnaby Joyce on this issue…
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Grattan Inst fires back at Talcum’s criticism:
So, as I surmised yesterday, malcayman did exactly what he did with nobn, he bullshitted.
Grattan Inst fires back at Talcum’s criticism:
That was a terrific, factual rebuttal reb and leaves malcolm looking like a fool for offering up that rubbish on 7:30 report. He didn’t look at all comfortable with the lies, but he doggedly persisted, even as he tried to make out poorer taxpayers were funding the rich because that’s how it’s always been! [in australia at least].
Who is marise payne’s partner and what does he/she do? what’s the story there?
“”That was a terrific, factual rebuttal””
Wasn’t it just.
I get the feeling that Talcum must be wondering “being the PM was never meant to be this difficult”
And now he has Dutton and the whole illegality of Manus Island to deal with.
I noticed with interest, how Dutton on ABC radio this morning cleverly managed to avoid admitting that Australia has a duty of care for the detainees languishing there.
This has the potential to be (yet another) monumentous stuff up.
When does good government begin again?
Oh noes, even the Awfulstralian
has the daggers out for Talcum:
With friends like that, who needs enemas?
Partner in France at the same time France awarded submarine contract … nothing to see here????
It should also be remembered that malcayman famously bought into an all fibre French broadband service, at the same time he was dismantling ours. And, totally unrelated, but doesn’t French company own (or have majority shares) in SA water?
even the Awfulstralian has the daggers out for Talcum:
Or even they can’t argue that stupidly? But, certain tin foil hat wearers elsewhere have been musing about the possibility of the libs deliberately ditching this election, with all the bad economic news on the horizon about to toss the little ship ssAustralia in its wake
I noticed with interest, how Dutton on ABC radio this morning cleverly managed to avoid admitting that Australia has a duty of care for the detainees languishing there.
Who is marise payne’s partner and what does he/she do? what’s the story there?
Yes, KL! And her NVCs were
amusing interesting to watch … and her goodbye Emma is too! Her partner is the Trade Minister for NSW from memory …amusinginteresting to watch … and her goodbye Emma is too! Her partner is the Trade Minister for NSW from memory …And the hypocrisy continues …
http://www.news.com.au/national/politics/fears-over-return-of-carbon-tax-which-will-see-electricity-price-hike/news-story/d36cd0a7827c94f4f05b9867476a779e
Its not that their ignorant … but they’re now running scared and talking even more bullshit!
“Turnbull said “ban” negative gearing. Wrong. People can still invest in established property, just that they don’t get the tax dodge @abc730
— Stephen Koukoulas (@TheKouk) April 26, 2016″
Koukoulas proves he has an economics understanding of a fucking idiot
They wont because there will no longer be an attractive yield unless they cut the property’s expenses (good luck with that one) or they increase the rent.
They wont because there will no longer be an attractive yield unless they cut the property’s expenses (good luck with that one) or they increase the rent.
They will because there will still be a capital gain and some people just prefer bricks n mortar investments to shares.
Her partner is the Trade Minister for NSW from memory …
I had to have a look at them
Interesting … is that unusual in oz politics?
Marise Ann Payne (born 29 July 1964)
Stuart Laurence Ayres MP (born 24 November 1980)
Koukoulas proves he has an economics understanding of a fucking idiot
I am not sure if what you say about Kouks points is right or wrong. But you are wrong about one thing.
Kouk is not an idiot. He is a false prophet. He is easily the most dishonest commentator i have ever read. The man is pure evil. I have never seen a more dishonest journalist in all my life.
“They will because there will still be a capital gain and some people just prefer bricks n mortar investments to shares.”
I doubt it as the ALP will also get rid of the capital gains discount. So a capital gain of $200K on a $500K investment over 5 years lets say would attract a marginal rate of upto 49% (lets say average 40%) giving a return of $120K after tax or less than 5% pa .
Who would bother leasing a joint to fucking lowlife Lefties who more often than not just trash the joints
“”So a capital gain of $200K on a $500K investment over 5 years lets say would attract a marginal rate of upto 49% (lets say average 40%) giving a return of $120K after tax or less than 5% pa .””
Good point.
I take it that other alternative investments would be shares or cash.
The share market has done FA since 2008, in what way would that prove more attractive?
(genuine question)
“The share market has done FA since 2008, in what way would that prove more attractive?”
ALP negative gearing policy will apply to all asset classes. This means that someone who has a business (lets say a baker) and wants to own a shop rather than rent would no longer get a tax deduction for the loss in owning the shop.
“I take it that other alternative investments would be shares or cash.”
Government bonds and hybrid company debt.
I do believe negative gearing needs to be looked at seriously. But the ALP policy is bonkers
“”This means that someone who has a business (lets say a baker) and wants to own a shop rather than rent would no longer get a tax deduction for the loss in owning the shop.
Wouldn’t it still make sense for a business owner to buy his own shop rather than pay rent anyway (in the long run) irrespective of the ability to write off any loss as a tax deduction?
It seems a bit dubious that other taxpayers have to pick up the tab for the business owner’s tax deductible loss.
Latest Essential Poll has Labor in election winning lead:
Labor has taken an election-winning lead after the first week of the unofficial election campaign and leads the government 52%-48% on a two-party preferred basis, today’s Essential Report shows.
Labor’s primary vote has risen over two percentage points to 39%, while the Coalition’s vote is down two points to 42%, while the Greens have dropped a point to 10%.
“It seems a bit dubious that other taxpayers have to pick up the tab for the business owner’s tax deductible loss.”
You could say the same about the interest on the monthly lease of his delivery van.
CPI just out……………..we are deflating……..CPI negative
This means that someone who has a business (lets say a baker) and wants to own a shop rather than rent would no longer get a tax deduction for the loss in owning the shop.
You mean, in addition to not having to pay rent? Not to mention the profit he could make if/when selling.
Yea, lets make it even MORE attractive (with the added benefit of keeping the poor out of the market)
I doubt it as the ALP will also get rid of the capital gains discount.
Who benefits most from CGT?
Why should wealthy australians who generate income from investments be taxed at a different rate to everyone else eg PAYG wage earners?
Who would bother leasing a joint to fucking lowlife Lefties who more often than not just trash the joints
Best not to bother investing in anything at all with that kind of attitude toward the people you plan to exploit for profit.
“Yea, lets make it even MORE attractive (with the added benefit of keeping the poor out of the market)”
Since when do the “poor” want to buy commercial premises ?
As usual you miss the point and try and muddy the issue.
“Best not to bother investing in anything at all with that kind of attitude toward the people you plan to exploit for profit.”
Rich……………Poor……………..Middle Class…………………I’m happy to exploit any of them.
I dont discriminate
The increased capital gains tax was a gift to the wealthy investors from john howard in 1999.
So a capital gain of $200K on a $500K investment over 5 years lets say would attract a marginal rate of upto 49% (lets say average 40%) giving a return of $120K after tax or less than 5% pa .””
Let’s look at that $500K again.
WHAT IS THE CAPITAL GAINS TAX DISCOUNT?
Broadly speaking, Capital Gains Tax (CGT) is paid when an asset is sold for more than it was purchased for, minus some deductions. Since 1999, Australia has a 50 per cent discount on CGT if the asset was held for more than 12 months by individuals or trusts. The discount means that only half the capital gain made on an investment is subject to tax.
For example, if an investment property was purchased for $200,000 and later sold for $500,000 – the investor made a capital gain of $300,000 – but only 50 per cent or half of that amount ($150,000) is actually taxed. The tax applies to capital gains realised when an asset is sold and owner-occupied housing is exempt
Is it fair that the wealthy investors [and family/company trusts] whose work and income is investing get a 50% discount on top of their subsidised negative gearing when other people who also work for their income/wage don’t?
Click to access cgt_factsheet.pdf
The Australian Greens have released Parliamentary Budget Office costings that show removing structural unfairness in the tax system through the discount on Capital Gains Tax (CGT) could generate as much as $74 billion over the next ten years, rising to $127 billion when negative gearing reforms that have warped the housing market are taken into account
As usual you miss the point and try and muddy the issue.
Except the ALP policy you so hate is aimed at helping to make residential properties affordable. And offering a tax dodge to a business that help jack up prices is not helping that, is it?
I dont discriminate
Except that you immediately label anyone poor a lefty.
“……..rising to $127 billion when negative gearing reforms that have warped the housing market are taken into account ”
So on one hand abolishing negative gearing wont have any effect on prices (or maybe 2%) but then you claim that negative gearing “warps” the market. How can it warp the market if abolishing it will have no affect ?
Which one is it ?
You cant have it both ways
“And offering a tax dodge to a business that help jack up prices is not helping that, is it?”
What has a bakery shop got to do with a residential property ?
Since when do the “poor” want to buy commercial premises ?
I’m sure there’s plenty of them, only trouble is they can’t afford to buy one.
So, why should that business owner get tax benefits that other workers don’t?
…This means that someone who has a business (lets say a baker) and wants to own a shop rather than rent would no longer get a tax deduction for the loss in owning the shop…
How does he make a ‘loss’ by investing in and owning his own shop?
We buy a house rather than pay rent but we can’t get a tax deduction for our ‘investment’ can we?
…unless we buy even more houses and negative gear, which shows exactly why ‘losses’ are not really losses but investment vehicles that the rich can use to further enrich themselves at all other taxpayers expense.
What has a bakery shop got to do with a residential property ?
Anything that distorts the market in one area, distorts it in it’s immediate surrounds.
Location, location, location
Since when do the “poor” want to buy commercial premises ?
Since when they get an opportunity or break in order to make that move. And they might, if not for some asshole negative gearing the property and jacking up the price of the property.
hint, not all people are poor from choice.
“Anything that distorts the market in one area, distorts it in it’s immediate surrounds. ”
Hilarious……………..TomR thinks Commercial Property = Residential Property.
D’uh !!!!!!!!!!!!!!!!!!!!!!!
“We buy a house rather than pay rent but we can’t get a tax deduction for our ‘investment’ can we?”
You dont derive taxable income from living in a house
I’m quite happy to see all the property investors leave the market, let them go and play with shares 🙂
…Not only does capital gains tax discount encourage property investors to speculate on massive windfall gains that they are not taxed fairly on, but the benefits of the combined negative gearing and capital gains discount, worth about $7.7 billion per year, are skewed towards higher income earners:
– 56 per cent of the benefit going to the top 10 per cent of
income households
– Just four per cent of the benefit goes to the bottom 20 per
cent of households
Data also shows the dollar value of the combined benefit is also worth much more to higher income earners:
– The weekly dollar value of the benefit of the discount is worth $1.00 to the lowest income quintile but $6 per week to the middle quintile and $30 per week to the highest quintile (Figure 3).
– The top 20% receive thirty times the amount of the benefit received by the lowest bracket, and five times the benefit than middle income earners receive. The Reserve Bank of Australia recently added its voice to the growing number calling for a review of negative gearing and the capital gains tax discount. Its submission to the government’s inquiry into Home Ownership in June 2015 highlighted the way they work together to encourage leveraged investment in property and make capital gain-producing assets more attractive than income producing assets.
The RBA concluded:
“Given the value Australian and other households place on home
ownership, policy should not unduly advantage property
investors at the expense of prospective owner-occupier
households. Financial stability considerations would suggest
that tax and regulatory frameworks should avoid encoring overleveraging
into property by investors.ix”
TomR thinks Commercial Property = Residential Property.
Just to be pedantic (again), that’s what you said, not me 😉
Why is it you constantly feel the need to make up what it is people say?
“Just to be pedantic (again), that’s what you said, not me”
No its not. As usual your comprehension is lacking as always.
I was pointing out that the ALP policy applies to all asset classes even commercial property. I was not making a parallel to residential property and certainly not equaling it to residential.
Why is it you constantly feel the need to make up what it is people say?
https://theconversation.com/buy-rent-or-do-both-the-perversion-of-negative-gearing-55755
And I was pointing out that any distortion in the market distorts all the market.
Not what you claimed I said.
I also get the feeling that TB’s humour will be increasing quite dramatically 😉
Labor has taken an election-winning lead after the first week of the unofficial election campaign and leads the government 52%-48% on a two-party preferred basis, today’s Essential Report shows.
http://www.crikey.com.au/2016/04/27/labor-takes-early-campaign-lead/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CrikeyDaily+%28Crikey+Daily%29
Guess whose electorate negatively gears the most…
http://www.abc.net.au/news/2016-04-27/grudnoff-facts-about-negative-gearing/7362012
“according to wally” ™ this is equivalent to saying “Guess whose electorate has the most bakery’s”
Guess whose electorate negatively gears the most…
http://www.abc.net.au/news/2016-04-27/grudnoff-facts-about-negative-gearing/7362012
…They say all politics is local. This might help explain the Prime Minister’s attack on any attempt to rein in the excesses of negative gearing. According to research by The Australia Institute, the people of his electorate are the biggest negative gearers in the country.
Almost everyone who has looked at negative gearing and the capital gains tax (CGT) discount agree that it needs to be curbed. Even the Treasurer said he was planning to target the excesses of negative gearing only a few months ago…
Largest 10 average net rental loss by electorate:
Electorate Net Rental Loss Party Representative
Wentworth -$20,248 Liberal Malcolm Turnbull
Curtin -$19,216 Liberal Julie Bishop
Kooyong -$17,169 Liberal Josh Frydenberg
Bradfield -$16,969 Liberal Paul Fletcher
Higgins -$16,659 Liberal Kelly O’Dwyer
Warringah -$16,423 Liberal Tony Abbott
North Sydney -$15,895 Liberal Trent Zimmerman
Brisbane -$15,666 Liberal Teresa Gambaro
Goldstein -$15,068 Liberal Andrew Robb
Ryan -$14,857 Liberal Jane Prentice
Says it all really, why the liberal party even exists!
You dont derive taxable income from living in a house
But I do, I couldn’t go to work if I lived in the street, too damn tiring and stressful!
“And I was pointing out that any distortion in the market distorts all the market.”
Except what clearly escapes you is that it is not one market.
Commercial property yields (i.e. a bakery) are generally higher than residential yields and consequently capital gains are not accrued at the same rate as residential.
Plus in NSW habitation of a commercial premises is prohibited.
But somehow you believe its one market…………..now that’s hilarious
In that one article it shows all that the liberal party believes in and stands for.
Born to rule attitudes and laws which purely exist to serve the interests of the property class, the wealthy entitled.
Removing NBN’s artificial barriers could stop our system being ‘worst of both worlds’
http://www.smh.com.au/technology/technology-news/removing-nbns-artificial-barriers-could-stop-our-system-being-worst-of-both-worlds-20160427-gog22i.html#ixzz46zuG8Rzb
…Private monopolies are notoriously bad at deploying new technologies and have been in the USA and most other countries. That seems to have been the case in Australia as well. In frustration, the government launched the NBN to fix the problem.
But government monopoly programs are rarely any better than private ones — especially in dynamic sectors like telecom. True to form, it seems that execution of the original NBN did not measure up to the admirable vision. But the new government appears to have kept the flawed execution mechanism (government monopoly) while discarding the admirable all-fibre goal. Seems like the worst of both worlds to us…
…Government should encourage new entrants to do exactly that by eliminating artificial barriers to entry, maintaining a level playing field, making sure that there is some entrant addressing every part of the country, and then get out of the way.
Today and for the forseeable future the internet is the chief engine of the global economy. Those that don’t learn to ride it will sit by the wayside and watch prosperity go elsewhere.
Consider a recent note on the web from IBM:
The world’s largest taxi company owns no vehicles (Uber)
The world’s largest accommodation provider owns no real estate (Airbnb)
The world’s largest telephone companies own no telecom infrastructure (Skype, WeChat)
The world’s most valuable retailer has no inventory (Alibaba)
The most popular media owner creates no content (Facebook)
The world’s fastest growing bank has no cash and no branches (SocietyOne)
The world’s largest movie house has no cinemas (Netflix)
But: they all live and die by the internet … and the broadband that carries it.
And so do millions of small and medium businesses — especially rural ones —for whom the internet is their umbilical cord to markets for their products and services…
capital gains are not accrued at the same rate as residential.
not at the same rate perhaps, but still distorting it.
But somehow you believe its one market
Again with the words I didn’t use.
But what is hilarious, is that you don’t think that the distortion of one market effects another (if you want to break it down to sub markets that is)
AND “wally thinks” ™ poor people live in bakeries (actually, I’m sure we could find cases where they do/have)
In that one article it shows all that the liberal party believes in and stands for.
You find out what people believe and what they stand for by what they do not by what they say.
From 2008-2013 the AL/Greens locked up 8,469 children. That is all i need to know what is in the heart of an ALP/Greens supporter.
“wally thinks” ™
😆
… would no longer get a tax deduction for the loss in owning the shop.
WTF! Why should she …
I do believe negative gearing needs to be looked at seriously. But the ALP policy is bonkers
Only if you want to negative gear … surely gearing should be for positive outcomes … otherwise your just expecting the taxpayers to hedge your investment …
I’ll read some more …
You find out what people believe and what they stand for by what they do not by what they say.
yes, which is why the LNP are known as the fact free, Lieberal Party.
The only reason they ever get into govt is by lying to the electorate about their intentions and using fear/smear campaigns based on lies. They then break all their ‘promises’ after the election.
I dont discriminate
Coulda fooled me …
You dont derive taxable income from living in a house
And if you live in a house and have an investment in it (a loan) … you don’t get any deductions for the loss of paying that loan … eg interest paid …
BTW – the Canadians do on first homes …
Monopoly! Brilliant!
BTW I’m feeling particularly humorous at the moment … where’s ToM … so I can tell him told ya so?
And a bit of free advertising …
… for once my NS has paid a massive dividend …
… Eureka Street Furniture has deal for all serving and ex ADF members … we have been looking for some leather dining chairs and thought we’d pop along and have a look at Eureka …
… we found a one we liked and put down a deposit (pre-order) … then found another one I liked … the lovely Russian born manager said take them home and check … so we did …
Brought them back … sorted out payments they will be delivered on Friday … 50% discount off retail price …
They have a 50% sale on some items for the public right now … everything for ADF.
Thanks Eureka!
Five asylum seekers detained on Nauru have attempted suicide in the past 24 hours as the United Nations’ refugee agency visits the island, the Australian Refugee Action Coalition says.
http://www.radionz.co.nz/international/pacific-news/302466/more-attempted-suicides-in-australia's-nauru-camp
Peter McGauran: It’s a carbon tax.
PVO then explained difference in policy announced today
Peter McGauran: But we’ll SAY it’s a carbon tax!
It didn’t bother them last time, it shouldn’t bother them now.
Shorten has made his first mistake, declaring “no Carbon Tax”
Was he asleep during the Last Carbon Price scare Campaign
He should have said, “We are introducing an ETS, if you want to call it a Carbon Tax, go your hardest, it just shows what a fucken idiot you are. “And then NOT rule anything out.
where’s ToM
“investing” that 1%er into betting on the libs?
That way, he can bring his earnings back down for his “taxable income” (hint malcayman, they’re not the same … oh, you know that do you?)
“WTF! Why should she … ”
For the same reasons he/she gets a deduction for lease payments on his delivery van.
It’s used to produce income
What is it with you fuckers and your fucking wealth envy ?????????????????
Anyone who even tries to go independent from an employer you sneer down your fucking big fat red RSL noses at
“… Eureka Street Furniture has deal for all serving and ex ADF members … we have been looking for some leather dining chairs and thought we’d pop along and have a look at Eureka …”
I give you TB’s Street furniture……………………….
What is it with you fuckers and your fucking wealth envy
What is with you fuckers and you thinking that you can only make wealth if you get massive Government subsidies (unless you are a manufacturer, of course)
TB, I want my fucken lounge back!
I’m here, but going surfing soon
As a matter of interest – the threshold for the top 1% is only a bit over $200K a year.
It’s the top 0.1% where it’s a little more serious.
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I’m here, but going surfing soon
Enjoy yerself yomm
“If an election was held today………………..”
So according to that Newspoll Clive Palmer would be re-elected…………..
Yeah I believe it !……………………….ROFLMAO
“What is it with you fuckers and your fucking wealth envy ?????????????????”
Some people just get on with life, work hard and do what they can to help their neighbours. Every act of kindness is a little bit of love we leave behind – a rule to live your life by.
Then there are the complete fucking narcissists. These crazy lazy bastards can’t be bothered helping their immediate neighbour. They want to save the world. Not only that, but they believe that, given their superior mental and moral prowess, they can actually achieve that outcome. Not by putting their own hard-earned on the line. Oh no. They want to use other peoples’ money. Like Marx and all subsequent café leftists they rarely work. What money they have is rarely hard-earned. They prefer to sit about, feeling morally superior as they endlessly criticise those who actually produce the wealth the leftists would piss against the wall on their failed schemes.
Talk about the failure of capitalism – the engine that has lifted hundreds of millions out of poverty! What then is socialism but poverty misery and death? On an unprecedented scale. And if you think the terminally stupid leftists have learned their lesson, think again. A short while ago Chavez and his Bolivarian Revolution was a darling of the left. Now his country is completely fucked up and dumb leftists in the West, having learned nothing, support the likes of Corbyn and Sanders. [Trigger warning for leftist extremists] – do the world a favour. Put the gun in your mouth, enjoy the cold smoky metallic taste for a second or two and pull the fucking trigger.
Some people just get on with life, work hard and do what they can to help their neighbours
And others just spin around in the chairs hating everyone whilst bludging off the Governemnt with subsidies like negative gearing and accountancy claims.
“If an election was held today………………..”
Bill Shorten WILL be PM
And the Haterz gonna hate.
Will we see the Unhinging Redux I wonder?
Trump’s victories in the latest round of primaries shows a popular hatred of the political class. Sanders’ defeats shows that people hate the socialist class even more than they hate the political class and rightly so!
“……….whilst bludging off the Governemnt with subsidies…….”
You mean like the entire state of South Australia and its submarine program
Shorten will storm to power on the back of conservative voters. They would prefer a real ALP leader to a pretend one.
Trump’s victories in the latest round of primaries shows a ………. level of stupid only prolonged exposure to fox news could elicit
You mean like the entire state of South Australia and its submarine program
Exactly. But, that’s what happens when you deliberately kill off an industry that made money and created revenue far in excess of whatever subsidies it received from the Government
Anyone who even tries to go independent from an employer you sneer down your fucking big fat red RSL noses at
You really are a wally, Wally … I was self employed for 16 years … most of that time paying provisional tax (I’m sure you know what that is – paying tax BEFORE you actually earn anything!) … the year our income dropped to $20,000 I couldn’t claim the difference between my previous five year’s, six figure income! Nor would I expect to … NO! The Minister went out to work for 18 months … I hung on and those six figures came back with “interest” …
Its nothing to do with envy … its fkn fairness … if you go into business you takes risks … because the rewards are higher … but the losses are too … negative gearing is welfare for the rich!
Its the “too big to fail” mentality writ small …
“I don’t discriminate” …. well you fkn do … read your comments … AFTER you write them … I don’t have a fat nose, red nose, nor do I fuck with it, I’m not a member of the RSL, and have no need to sneer at anyone … those are your words not mine (as mentioned earlier) if you want to write fiction about other people … write a book … or become a Newscorpse journo … oh wait …
Talk about the failure of capitalism – the engine that has lifted hundreds of millions out of poverty! What then is socialism but poverty misery and death?
You think the current form of capitalism is a success … and you know the stats? Shame .
The “leftists” you talk (ie communists) about have no voice here … but if capitalism continues to suck the economy dry then it will … you too are living in the past …
Its called a self fulfilling prophecy! (of the Liberal Party!)
Just a reminder 94% of Australians work fkn hard … a small percentage cheat the welfare system (and its not 5% – for $100,000s and the money recouped, you know that) … another small percentage of the supposedly hard workers also cheat the system … of fkn BILLIONS … and are protected!
Uber Kapitalism is rife … and just like communism is destroying our society …
…Some people just get on with life, work hard and do what they can to help their neighbours…
And despite that, the deck is still stacked against them because others inherit wealth and everything in their life is pre-paid for them, including their private school education and ‘jobs’ through ‘who you know’ rather than ‘what you know’. They never have to lift a finger in manual labour pursuits or know what it is to live hand to mouth. They prefer the hard graft of ‘investing’, busy with shonky money shuffling all over the place and lobbying govts to give them even more handouts from poorer taxpayers while all the time viciously slagging off the ‘lazy losers’ who were never fortunate enough to have won life’s lottery by being born into the ‘right’ greedy, grasping family and their connections.
I see the Olympic nonsense is on again … dutifully covered by the meedja
You mean like the entire state of South Australia and its submarine program
How would you stimulate the economy, walter?
My family lives by a number of … for want of better word … clichés … one of them is … “we never make a profit from family or friends” … (what’s nice is my grandchildren quote it back to me) …
And strangely enough … for all you krystchuns … The Minister and I are big fans of the 10 Commandments … pity krystchuns don’t!
Maybe we’ve been “lucky” …
“How would you stimulate the economy, walter?”
I would like to use fiscal policy but as ToM and I warned years ago the fuckwits you support spent all the fucking money on school halls and fucking pink batts
And $900 cheques to dead people and backpackers
So MALfunction is a bully …
Disclaimer: I was not eligible for a $900 stimulus .. nor was, The Minister … and was I pissed off … fkn oath!
BTW, wally you forgot the prisoners who got it too …
I would like to use fiscal policy but as ToM and I warned years ago the fuckwits you support spent all the fucking money on school halls and fucking pink batts
That was EIGHT YEARS AGO … both batts and halls were successful stimuli if poorly managed … especially by the states and H&S …
The present government has gone on a spending spree with NO money in the coffers … NO inclination to raise revenue from those who are avoiding it … and NO stimulus package … apart from a warmongering 12 subs (how are the F35’s going BTW) …
How would you stimulate the economy NOW … not eight years ago …
Stop looking back … look fkn forward for a change!
And $900 cheques to dead people and backpackers
How many dead people cashed those checks.
Oh, and our local school is still making money from those school halls, and the pink batts are still saving people money in electricity bills
And as the afr article nil linked to admitted, Labor WERE on a path to paying it off. Of course, their path didn’t include giving the reserve bank $8billion, or allowing mulitnationals to get of scott free
According to the Tories playing silly buggers the GFC was a figment of the lefties imagination, TR …
How could all those banks cheat so many people just making an
honestquid … or dollar … or euro … or six … or a million … billion … trillion …And when it fell down … how come taxpayers had to put back together again … socialism to the rescue of a failed capitalist system!
And here we go again! GFC v2.0 coming to an economy near you … fasten your seat belts …
These people trample the law … Dopey Dutton wants to do what?
The PNG Supreme Court has ruled Manus is illegal … what’s to discuss?
More bullying by the Australian Government …
I guess after the roaring success of ‘freedom boy”, this will be no loss to ‘free speech”, but a great gain for people with disabilities.
Bill Shorten says Labor will reverse Coalition’s decision to scrap the disability discrimination commissioner and instead end role of ‘freedom commissioner’
http://www.theguardian.com/australia-news/2016/apr/28/labor-promises-to-appoint-full-time-disability-commissioner-if-elected?CMP=soc_568
How anyone can argue that having a media empire run by a megalomaniac with a political agenda is beyond me.
Just ANOTHER example of what is wrong with it.
How anyone can argue that having a media empire run by a megalomaniac with a political agenda is beyond me.
You mean Mark Scott head of the taxpayer funded ABC?
You mean Mark Scott head of the taxpayer funded ABC?
Yes, him too, who buckled to the political pressure malcayman of the nobn put him under.
The abc needs to get back to it’s charter.
level of stupid only prolonged exposure to fox news could elicit
Speaking of stupid, Fox News hates Trump!
“You think the current form of capitalism is a success … and you know the stats? Shame .”
Remember the last time the Unions got control of the UK? It was the sick man of Europe. People couldn’t even bury their dead. Luckily Thatcher saved the joint and the whole fucking country is better for it*. But you wouldn’t know that because dumb lying scum aka leftists tell a different story. Modern capitalism has lifted hundreds of millions of people out of abject poverty. Over the same timeframe socialism has brought poverty misery and death to hundreds of millions. Yet the intelligentsia still feels a great tingling of their genitalia when they bash capitalism. Precisely because they are incredibly narcissistic and stupid beyond belief. The truly shameful mongrels are the ones who fail to recognise both the virtues of capitalism and the failure of socialism.
(* And don’t even start whining about the poor coal miners. They elected a pro-Soviet communist turd (a man with policies in many ways similar to Corbyn) to lead them. He tried to fuck up the country and was eventually stopped by Thatcher. The country was saved fro economic disaster. The IMF was no longer required. And the treasonous coal miners got what they deserved, but not enough of it.)
“And despite that, the deck is still stacked against them”
In the Olympics of miserabilism you would definitely get a gold medal. The deck is less “stacked against them” than in any time in human history. And the utter fuckheads who are stacking the deck against them are the ones selling them the miserabilist narrative. If they learn to get out, work hard and have a go, their lives will improve and they will have a level of self-respect for their own achievement, something leftists hate and fear. Leftists would rather have them dependent and miserable and grateful to leftists for appearing to care about them. Even though it is leftist policies that will make it hard to achieve.
Here is your Socialist utopia you fucking Leftie feadbeats…………………..
“…….But they are only the latest of the country’s chronic problems. Venezuelans face food and medicine shortages, one of the world’s highest murder rates, and sky-high inflation that is expected to reach 500% this year………………….”
http://www.theguardian.com/world/2016/apr/27/venezuela-opposition-inches-forward-with-bid-to-remove-nicolas-maduro
Ooops…………………”Leftie deadbeats”
//platform.twitter.com/widgets.js
If they learn to get out, work hard and have a go, their lives will improve and they will have a level of self-respect for their own achievement, something leftists hate and fear.
FFS! Stop yer whinging and whining and arrogant take on history and self aggrandisement … socialism is a way of life determined via political action … communism and democracy are political systems … capitalism is an economic system … … the command system is the economic system preferred by communist systems … democracies prefer capitalism (generally) …
The communist command system failed in Russia because of GREED at the top …
The capitalist system we now live under is failing because of GREED at the top …
Democratic (ie more than one party) socialism works well (ie working as a society not individuals attempting to cream everyone else) with a mix of command (eg staple goods and services maybe based around a living wage) and capitalism (additional goods and services) …
What we have now is a race to the top by One Percenters (Tories who are or wannabe) … and 40% middle class supporting … both the 1% and the 59% struggling on the bottom …
GREED and ARROGANCE destroy societies … either by creating internal struggles and civil wars … or by sending young people to wars … dying and sacrificing for the One Percenters …
Every once in a while it comes to a head … I think this might be one of those times …
Well said TB..
“Democratic (ie more than one party) socialism works well (ie working as a society not individuals attempting to cream everyone else) with a mix of command (eg staple goods and services maybe based around a living wage) and capitalism (additional goods and services) … ”
That is sooooooooooooooooooooooooo funny
Tell that to the Venezuelans…………….ROFLMAO
Leftists would rather have them dependent and miserable and grateful to leftists for appearing to care about them. Even though it is leftist policies that will make it hard to achieve.
It’s capitalism that creates the winners and the losers, the inequalities between people.
There should be no taxpayer funded handouts/ subsidies to private enterprise, no socialisation of losses and privatising of profits. We should deliver taxpayer funded, public health and education for all and if people want to go outside of that, they pay that choice themselves. Why should people who can’t afford those things for themselves and their own family be funding the private choices of the wealthy and the wannabes and the private enterprise behind them?
“What we have now is a race to the top by One Percenters (Tories who are or wannabe) …”
As usual the facts do not support your bullshit
“The Treasurer’s statement that the top 10% of incomes from working age persons pay 50% of personal income tax is correct. ”
“The ATO Statistics in its “100 persons” picture of Australian taxpayers, explains that the top three taxable incomes paid 27% of all net tax and the top nine taxable incomes paid 47% in total – pretty close to the working age estimate.”
http://theconversation.com/factcheck-is-50-of-all-income-tax-in-australia-paid-by-10-of-the-working-population-45229
Confucius say ” Do some research before making up bullshit”
Ships built at enormous public cost for taxpayers and then let wealthy business donors profit from it.
“David Marr lays bare the ugly truth behind why #Dutton doesn’t want to bring the 850 refugees on #Manus to Australia pic.twitter.com/joPQ4JfEt1”
Ahhhhhhh………..Yes…………..the Left still laments the absence of some trophy drowning victims to add to their scoreboard as to who has the best method of stopping drownings at sea
“” the best method of stopping drownings at sea””
So I take it that you buy the LNP bullshit that as there are no “reported” drownings at sea that means there are no drownings at sea?
“Stop yer whinging and whining and arrogant take on history and self aggrandisement”:
Funny coming from you, TB. You bloviate with the best of us and never take a backward step!
History is what it is (except when leftists re-write it). In fact China under socialism murdered at least 30 million of its citizens. Millions more starved because socialism is a totally fucked up economic system. Countries which have managed to drag their citizens out of poverty have done so by the adoption of market economics. The opposite happened to countries who took the socialist route.
“… democracies prefer capitalism (generally) … “
Chavez was democratically elected. He introduced his socialist reforms. Hence the country is now entirely fucked.
“The communist command system failed in Russia because of GREED at the top … “
Now here is where you go skipping off with the pixies at the end of the garden. Care to re-think that? The reason the Soviet socialists failed was the adoption of state control of businesses. Market economies work because the encourage innovation and risk taking and outsource economic decisions to the entire population. That is true democracy for you.
Greed (or GREED as your put it) is part of human nature. It isn’t going anywhere. Allowing free markets to operate is the best way we know of dealing with Greed. Under socialism the incentives all go the wrong way. Paying people for not working will inevitably produce a particular outcome. Letting people run businesses with no accountability for profit is totally fucked. As is awarding submarine contracts for political purposes (what a cunt Turnbull is).
“The capitalist system we now live under is failing because of GREED at the top … “
Failing in what sense? Is their a better system around (other than in the febrile minds of loony leftists)? The failures of the system are there to the extent that it is compromised by the adoption of socialist policies. Socialism by thin slices gets us to the same place as it got Russia/China/Vietnam/North Korea/Cuba/Venezuela. It just takes a little longer.
“GREED and ARROGANCE destroy societies … either by creating internal struggles and civil wars … or by sending young people to wars … “
Wrong again. Moral collapse destroys civilisations. When a civilisation forgets what made it great and loses faith in its own foundations then it inevitably withers. No wonder that it is happening here. The whole mission of the intelligentsia is to tell us how fucked-up western civilisation is. And to smack down anyone who defends it against obviously rotten and inferior ideologies like Islamism.
We have a situation where Iraq is going nuclear and testing ICBMs, Europe is being invaded by practitioners of a degenerate religion and the response of the left is to bend over and take it up the arse for Islam. While the world burns, the biggest issue these days are who gets to use what dunny.
“Every once in a while it comes to a head … I think this might be one of those times …
Certainly the left are working as hard as they can to create social division and hatred. In a time in history when more people have better lives than at any other time in human history the left want to sell the message of hatred and division. Because they are ugly hateful specimens of humanity.
“the best method of stopping drownings at sea”
We certainly know the best method of drowning thousands at sea – elect a Labor government.
the absence of some trophy drowning victims
Wasn’t yabot the one running a scoreboard alongside his megaphone diplomacy on hte issue, running out the welcome mat for people smugglers even though the policy at the time was quite repressive?
And now their latest “Pacific Solution” is unraveling, it looks like Labor will be back in the boats will be back on the agenda.
And we’ll have the libs voting against policies that are far less severe than the libs ever do with crocodile tears in their eyes.
And, how many have drowned (or worst) under this regime?
Yes, that’s right, we have no idea, do we.
It’s capitalism that creates the winners and the losers, the inequalities between people.”
Wrong again. Under capitalism most people are winners.
Socialism is people lining up for bread.
Capitalism is bread lining up for people.
of course there is equality under socialism – the squalid equality of poverty.
except when leftists re-write it
lol, you mean like trying to claim hitler was a lefty ROFL
Under capitalism most people are winners.
You keep saying it if it makes you feel better 😉
The findings of three studies, published over the last several years in Perspectives on Psychological Science, suggest that Rock is right. We have no idea how unequal our society has become.
http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/
Life without any form of negative gearing…………………
“Rents in England are almost half of tenants’ average take-home pay, according to an official report on the state of the country’s housing.”
http://www.theguardian.com/money/2015/jul/16/tenants-in-england-spend-half-their-pay-on-rent
“So I take it that you buy the LNP bullshit that as there are no “reported” drownings at sea that means there are no drownings at sea?”
You obviously have conflicting evidence from the Indonesians, Malaysians etc
So do share…………………..I’ll wait here very patiently
Oh that’s right………………there are now drownings in the Mediterranean because of our policies.
Something about a butterfly flaps its wings in Africa kind of stuff…………..?
Life without any form of negative gearing…………………
“A new report says the typical New York household will spend nearly two-thirds of their income on rent this year, with Brooklyn hit the hardest and Queens getting much worse.”
http://www.nbcnewyork.com/news/local/NYC-New-Yorkers-Spend-Nearly-23-of-Income-on-Rent-in-2016-StreetEasy-376497101.html
Life with negative gearing…………………
“This FACT indicates the percentage of family weekly income spent on rent. To achieve this percentage, the median family income of each city is divided by the respective median rent figure. The median has been utilised as it gives a more accurate reflection of the overall data set, as it is not impacted by outliers (or figures that lie far outside of the regular data range). According to the Census data (2011), the city with the highest percentage proportion of family income spent on rent is Sydney with 21 percent, followed closely by Brisbane with 20percent. The city with the lowest percentage proportion is Canberra, with 17 percent.”
http://www.australiasbestcity.com.au/fact/21/
Of course, others might argue it is what happens when a Government protects itself from a housing crisis caused by a GFC, or something like that
The reason the Soviet socialists failed was the adoption of state control of businesses.
And the GREED of the One Percenters … ya think they only exist in capitalist societies! The Communists do it better because they have COMPLETE control … exactly what we don’t want here …
And what’s wrong with pixies? Most Tory’s believe in a big fairy in the sky …
Certainly the left are working as hard as they can to create social division and hatred.
The right are doing it to themselves … when they get caught out … the shrillness (see above) begins … the social division is One Percenters and Them … argue all you want … its not right or left … its super rich arseholes and those who want a fair living …
Capitalism as a theory is great … but it has to be controlled … just like the Command system …
“”You obviously have conflicting evidence from the Indonesians, Malaysians etc””
Hilarious… 🙂
“… the social division is One Percenters and Them … argue all you want … its not right or left … its super rich arseholes and those who want a fair living … ”
Ywan…………………….Leftist bullshit flying in the face of ATO statistics as usual
Life without negative gearing…………………
Would be even better … ’cause people could buy rather than rent … more new homes would be built requiring more infrastructure providing work for building trade, professional staff (even accountants and financial planners – properly controlled of course) … road transport needing engineering trades, employment for young people (apprenticeships), architects, urban designers … on and on … EVEYONE improves their lifestyle not just the One Percent you keep trying to protect … why? I wonder?
let’s make profits off the sick, injured and crippled.
“EVEYONE improves their lifestyle not just the One Percent you keep trying to protect”
Like I said…………..do some basic research before sprouting bullshit
http://www.abc.net.au/news/2016-04-26/negative-gearing-by-occupation/7357718
You understand that doesn’t support your case very well wally
(History is what it is (except when leftists re-write it).)
“You understand that doesn’t support your case very well wally”
It clearly illustrates that surgeons, accountants etc are not the only one supporting/using NG.
Along with the other ATO stats (above) showing that the top 10% pay almost 50% of PAYG tax
yay, rent seeking capitalism!
Submarines and trade myths
http://www.smh.com.au/comment/submarines-and-trade-myths-20160426-gof32d.html
…Shiro Armstrong, a respected economist at the Australian National University, has now used the analytical framework developed by the Productivity Commission, and the decade of performance data available since AUSFTA came into force, to conclude that “the data shows that … Australia and the United States … are worse off than they would have been without the agreement.”
In fact, he has suggested that “The agreement was responsible for reducing – or diverting – $53.1 billion of trade with the rest of the world”. No one has offered an alternative way of assessing the impact on the Australian economy.
So the AUSFTA, so far from the picture painted by DFAT, has resulted in a very substantial cost to the Australian economy.
Armstrong’s colleague at the ANU, Peter Drysdale, has measured that cost in terms we can all understand: “Australia alone has suffered trade losses the annual equivalent of the current price of around 18 Japanese, German, Swedish or French submarines through this deal.”…
WestConnex is a war on inner Sydney and city dwellers
http://www.smh.com.au/comment/westconnex-is-a-war-on-inner-sydney-city-dwellers-20160427-gog082.html#ixzz475XAdKD0
…So NVDA – Non-Violent Direct Action – is a thing again. If you’re a city dweller, NVDA is coming to a hood near you. Motorways are to the city what coal-and-gas are to the country: means for cynical government to funnel both private property and public interest into deep corporate pockets. The country defended itself with Lock the Gate. The city has NVDA. Watch for it…
It clearly illustrates that surgeons, accountants etc are not the only one supporting/using NG.
No, but when others are measured in under 1% and the ones you mentioned are above 20% by occupation, and then consider that coupled with average rental loss claimed, then that should tell you enough to know that the very rich are reaping a heel of a lot from the taxpayer vie this measure
“WestConnex is a war on inner Sydney and city dwellers”
No its not. Its a war between inner city Greenies and NIMBYs who dont want the great unwashed of the rest of the city being able to cross the city without having to get off the motortway.
So fuck them !
Bulldoze their fucking Greenie houses and lets get some motorway progress happening
“that the very rich are reaping a heel of a lot from the taxpayer vie this measure”
And they still pay alot more tax
And they still pay alot more tax
It’s not supposed to be a bloody churn. Do you understand what taxes are for?
I am not sure if negative gearing is as great as people think but i could be wrong. I read somewhere you need capital growth in the value of your property of 5%/year to make it a worthwhile investment. That most probably works in the capital cities but nowhere else.
However having an investment property may be an incentive to spend your money more wisely. I know before i got a mortgage i wasted a lot of money and then completely changed my behaviour when i purchased a place to live in
It’s not supposed to be a bloody churn. Do you understand what taxes are for?
Exactly.
Entitlement mentality.
Earth to Dopey Quiggin: Australia’s institutions have already been taken over by radical extremists. And you are part of the problem, mate.
We certainly know the best method of drowning thousands at sea – elect a Labor government.
And that is what you voted for in 2007, SB. So you are responsible.
Since then we locked up 8,469 children. Spent $15B housing the 50,000 people who came here by boat.
This problem was solved by John Howard. We stop the boats and take our refugees from UNHCR camps.
But Labor supporters like selling our refugee places to people with $$$$$$$10,000
How negative gearing replaced the great Australian dream and distorted the economy
Greg Jericho
http://www.theguardian.com/business/grogonomics/2016/apr/28/how-negative-gearing-replaced-the-great-australian-dream-and-distorted-the-economy?CMP=share_btn_tw
We knew it would happen……………………..the ALP begins to split over refugees…………………………….ROFLMAO
http://www.smh.com.au/federal-politics/political-news/this-is-a-sick-game-and-it-needs-to-end-labor-splits-over-asylum-seekers-20160428-gogw6u.html
the ALP begins to split over refugees
Good. Perhaps we can finally bring some decency back into our country
“”ROFLMAO””
For an accountant, you do seem very easily amused.
Greg Jericho
OK i have not read the link but will. Since the early 1980’s the ALP has been in power for 19 years and the Libs for 14.
Why bring out all this stuff when the Coalition is in power?
You remind me of Gillian Triggs who did nothing when Rudd/Gillard and the people who voted for the, ie TomR, Reb, TB, Walrus, SB, AO, Toilet etc locked up 8,469 children.
All this stuff only comes out when the Coalition is in power. Why?
BTW, Dutton will be on the 730 report tonight.
ROFLMAO
“OK i have not read the link but will.”
Dont bother. Same drivel as always
Same drivel as always
yep, analysis, backed up with facts
(This problem was solved by John Howard. We stop the boats and take our refugees from UNHCR camps.)
“Perhaps we can finally bring some decency back into our country”
Yes………we can then calculate how decent we are by the hundreds of bodies that will inevitably wash ashore.
You’ll finally get your scoreboard back……you must be thrilled
“And the GREED of the One Percenters … ya think they only exist in capitalist societies!”
Not at all, TB. It’s not that I think they don’t exist. It’s that I think they aren’t really all that relevant. On your view, without the greed the system should work. But that is completely wrong. The system is inferior to a market based economy. Absence of greed won’t cure that. In fact it won’t make any real difference at all. That is why all communist countries were economic failures.
In the scheme of greedy one-percenters few are as bad as George Soros. A man who built his fortune by manipulating currency markets. But because he is a leftist in good standing he does not come in for the same criticism as the Koch Brothers or anything like it. Funny that. Who knew leftists were hypocritical wankers?
“yep, analysis, backed up with facts”
Really ?
Since when has the Grattan Instiute Report become a “factual” forecast ?
The fact is that I highlighted above some major capital cities above where there is no NG and the proportion paid on rent is double that of Sydney.
Now that’s a Fact.
NG is actually acting as a defacto Government rent subsidy whilst supporting the property yield.
Now that’s a Fact.
Yes, and I supplied the analysis of that fact for you 😉
No, don’t thank me.
It’s not that I think they don’t exist. It’s that I think they aren’t really all that relevant.
“Yes, and I supplied the analysis of that fact for you”
Where ????????????????????????
NG is actually acting as a defacto Government rent subsidy
Perpetual subsidy means the younger generation can’t afford to buy their own house.
A subsidy that does little to boost the overall supply of housing or improve rental supply or rental affordability.
Intergenerational theft.
Negative gearing just one front in the war on the young [crikey paywall, I can’t link so have to copy/paste] Bernard Keane, Crikey politics editor
…The government’s weekend announcement that it would not be addressing what Treasurer Scott Morrison only a few weeks ago described as the “excesses” of negative gearing, and instead would be attacking Labor’s own modest reform proposals, confirms that we’re in the throes of an economic war on young Australians.
Not the very young, of course — central to Malcolm Turnbull’s negative gearing announcement (or more correctly non-announcement, since it was a Seinfeldian announcement about nothing) was Julian Mignacca of Penshurst in Sydney, who, with his wife, Kim, was lauded by Turnbull for having bought “a place for his little daughter Adison [sic] who we just met who is nearly one. He couldn’t afford to do that if Labor’s reckless change, its reckless new housing tax was ever implemented.”
So Malcolm Turnbull is certainly determined to protect the interests of home-owning one-year-olds.
If you’re 21 or 31, however, you’re out of luck with the middle-aged men who spoke at Penshurst. Australia’s tax system, which is heavily skewed in favour of property investors and against those trying to access housing to live in, will remain intact if the Coalition has its way. That will preserve an environment in which — especially in Sydney and Melbourne — younger people and low-income earners are condemned to perpetual renting, so high are house prices in areas of economic opportunity. Turnbull and Co. have, like so many politicians before them, taken the side of home owners and investors against younger Australians looking to buy a house.
This isn’t merely an issue of fairness for younger people and low-income earners. It is economically and socially dislocative; to access jobs and other economic opportunities, young people and low-income earners must work in areas where they can’t afford to buy, meaning they rent forever or spend much of their time trapped in gridlocked infrastructure trying to commute. And services that need low- and middle-income earning employees — healthcare, childcare, aged care — struggle to attract staff because the people they would normally recruit live dozens of kilometres and 90 minutes away by car.
There’s no actual evidence to back the Coalition’s claims that Labor’s policy will destroy the housing market, cause a sharemarket collapse and ruin the prospects of infants owning multiple properties by the time they start school. Challenged to provide evidence, Treasurer Scott Morrison instead said it was “common sense to know that we need to leave the system as it is”. And asked what the government was doing about housing affordability, Turnbull waffled and invoked the ABCC (anyone who has had a house built will, of course, be familiar with CFMEU thugs coming round and holding up work). It seems the Coalition’s housing affordability policy remains Joe Hockey’s instruction that young people “get a good job”.
But that’s only one area where the government has it in for the young. The formal signing of the Paris climate agreement last week by junior resources minister Greg Hunt only served to highlight that the government’s pitifully unambitious emissions abatement targets aren’t consistent with the goals of that agreement, in addition to the fundamental problem that the government’s current “policy”, Direct Action, won’t even achieve a fraction of those targets even with a massive expansion in its budget.
Indeed, to date, the Coalition’s actions on climate change have consisted of removing an effective, efficient and cheap carbon pricing scheme, dramatically lowering renewable energy investment and bending over backwards to facilitate massive new coal projects that would wipe out whatever other emissions-abatement outcomes it managed to accidentally achieve. Meanwhile, it becomes ever clearer that global warming is proceeding at levels described by experts as “unprecedented” and a “climate emergency”.
Failure to act on climate change is intergenerational theft — theft on a colossal scale. Future generations across the world will have lower standards of living, suffer poorer health outcomes, higher prices and have to deal with more climate refugees and more catastrophic weather events. And future generations of Australians will be living in the developed country most exposed to the impacts of climate change.
Moreover, the use of interventions like Direct Action in and of themselves, beyond the fact that it won’t enable Australia to meet its targets, is also a form of intergenerational theft. Who says? None other than Peter Costello, in the 2007 Intergenerational Report:
“While many consider climate change mitigation is best addressed through market-based mechanisms such as an emissions trading scheme, governments may alternatively elect to purchase abatement activities using budget funding. The potential cost to the budget from adopting the latter approach can rise quite significantly, imposing a substantial tax burden on today’s, and future, generations.”
The perverse thing about the intergenerational war over climate action is that my generation and Baby Boomers, who make up the bulk of the governing class in Australia, are not even gaining a great deal by way of this theft. The nature of climate action is that the costs of taking action increase the longer we delay, meaning our economic gain now is limited but the future costs will continue rising. It’s a kind of malicious theft where we don’t even particularly benefit from what we’ve stolen.
The intergenerational war extends, however, to education as well. Instead of understanding education as an investment in the skills of Australia’s next generation of workers, managers and entrepreneurs, the government’s policy is to abandon the Gonski education funding reforms, protect private school funding while shifting away from public school funding, and (despite many ministers having themselves benefited from free or massively subsidised education) require students to take on a significantly higher debt, at higher interest rates, to pay for their tertiary education.
At the same time — and this is a bipartisan disaster, for which Labor gets its share of blame — the privatisation of vocational training has, in some parts of the country, been a disaster that has left students shortchanged by collapsing “providers”.
The result is that many young people who want the sort of education that can enable them to fully participate in the agile, innovative economy spruiked by Malcolm Turnbull, must take on a massive debt that will end up being six figures by the time it is paid back, even before they have to take on an even bigger debt if they want to own a home 90 minutes’ drive from their place of employment. And at some point, as is now happening in the United States, the economic cost of imposing massive education debts on the young, via rising default rates and lower expenditure, will become apparent. But not yet.
Fortunately, the youth of today will have to work longer, because the retirement age was increased by Labor, and future governments of both stripes will undoubtedly continue to push it higher. Meantime, the economic costs of a cooking planet will continue to mount: lower growth, higher unemployment, less investment, more dislocation, ever tighter government budgets.
It’s a multi-decade sentence of debt imposed by generations — Baby Boomers and Generation X — who have enjoyed the benefits of free or cheap education, subsidised carbon-based power grids and affordable property prices, and who now demand that younger generations accept the discipline of the market that we ourselves never faced.
It’s an intergenerational economic war, and my generation is winning it…
Keane: neoliberalism is fine, but what we have is crony capitalism
http://www.crikey.com.au/2016/04/27/keane-neoliberalism-fine-crony-capitalism/
The business community in Australia are fair-weather neoliberals whose only real commitment is to “reform” that suits them, and many politicians are no better…
…The advocacy of much of the economic reform brigade is thus not support for a genuine neoliberal agenda of individualism but a crony capitalist agenda of self-interest, one readily supported by the Coalition and even, on occasion, Labor. For business, this actually becomes, in the long run, self-defeating: voters’ sense that “reform” equals a more challenging economic environment for themselves while corporations get it ever easier from governments undermines support for both specific reform measures and governments that seek to implement them.
Unless the business sector is prepared to put as much energy into advocating the human capital agenda as it puts into calling for tax cuts and IR reform, and is prepared to pressure the Coalition to do likewise, it will remain open to the criticism that it is a supporter of economic reform only when it serves to the bottom line of companies and not the wealth and welfare of the community…
“If you’re 21 or 31, however, you’re out of luck with the middle-aged men who spoke at Penshurst. ”
I have never met a 21 year old home owner. Not in the 80s, or 90s, or 00s or recently.
But I have met plenty of the same age bracket who party all weekend, drive flash cars, wear the latest fashions, have the latest Apple product, take plenty of overseas holidays and have credit card debts of $60,000 and $70,000.
Of course that cant be the problem could it ?
You understand that doesn’t support your case very well wally
I think wally understands far less than he thinks he does … probably swept out his father’s hardware shop …
For an accountant, you do seem very easily amused.
CPA* = masochist + sadist = ?
The system is inferior to a market based economy. Absence of greed won’t cure that. In fact it won’t make any real difference at all. That is why all communist countries were economic failures.
Seems I have to explain this again … wally will never get it … you may … I’m a republican (The Firm is the biggest bunch of Robber Barons on earth – born to rule my arse), I’m a capitalist (must be, The Minister and I were self employed for 16 years), I’m a socialist* (I believe that their are people where I was 50 years ago and there are people who will always be worse off than me – they need my help – not my derision), I’m not rich (but live a very comfortable life), I’m retired (not retarded not watching the world go by – I work – for free) …
I firmly believe that the economic balance of rich and poor is seriously damaging the economy … historic data proves that as the “great divide” expands between the haves and have nots the economy fails … we are now in a state of deflation … a much worse portent than inflation … suck the wealth out of even a fiat economy and it will fail … you can only dilute the value of wealth with money printing so much!
This government is fucking the economy … do that and you fuck my lifestyle!
* not to be confused with communist
(All this stuff only comes out when the Coalition is in power. Why?
Coalition is an amazing thing??
Richard Di Natale – National Press Club Address)
Where ????????????????????????
https://theguttertrash.com/2016/04/19/election-defeat-could-finish-the-lnp-for-good/#comment-125988
This government is fucking the economy … do that and you fuck my lifestyle!
In 2007 unemployment = 4.3% and falling
In 2013 unemployment = 5.8% and rising
Govt debt in 2007 was zero
Govt debt in 2013 was 10% of GDP and exploding
In 2007 kids in detention = zero
From 2007-2013 kids in detention = 8,469
Asylum seekers in detention in 2007 = 6
Asylum seekers in detention 2007-2013 = 50,000
In 2007 interest on debt = zero
In 2013 interest on debt =$15B/year mostly going to overseas investors
All three Labor govts in the lifetime of most Australians (Whitlam. Hawke/Keating, Rudd/Gillard) were all economic disasters that did nothing but destroy the lives of people.
TB of Queensland is wrong and he enjoys being wrong
Thanks meta
Richard Di Natale’s National Press Club Address
http://greensmps.org.au/content/video/richard-di-natales-national-press-club-address
Bust the myths about negative gearing
http://scott-ludlam.greensmps.org.au/campaigns/reforming-negative-gearing
My favourite at the NGV. At the moment.
Or this one:
<i<Dr John Dale, Colin COLAHAN, 1934.
mmmm … very nice, ToSY … I like the broad brush effect …
First I’ve heard that VPNs are illegal!
And I’d like to see how they could make them illegal and then police them … LOL!
Still, noice to see the Productivity Commission visit the 21st Century …
It’s all in the timing I suppose … is there an election due?
If the refugees on Manus Island are PNG’s problem (according to MALfunction and Dopey) why did NZ ask MALfunction if they could accept 150 refugees?
Shouldn’t they ask PNG?
Power and control!
Hypocrites!
Brilliant as usual …
http://www.theguardian.com/commentisfree/ng-interactive/2016/apr/29/youre-never-more-than-30-minutes-away-from-the-most-exciting-time-to-be-an-australian
“https://theguttertrash.com/2016/04/19/election-defeat-could-finish-the-lnp-for-good/#comment-125988”
A comment is not an argument.
Clearly you realise you have lost the argument.
Or you could perhaps explain how asset markets react in relation to yield and then explain how the ALP policy manages to miraculously defy those well laid mathematical outcomes?
Yeah…….didn’t think so
… defy those well laid mathematical outcomes?
The mathematical outcomes that caused the GFC and are about to cause GFC II …
Got rid of your coal shares yet ? Chuckle
Got rid of your coal shares yet ? Chuckle
Why do lefties want to destroy coal mining? It is our second biggest export.
After destroying our manufacturing industry the ALP now wants to destroy coal mining. Coal gives us cheap electricity. The reason South Australia has the highest energy costs is because they have the highest percentage of renewables.
Coal gives us cheap electricity
As it destroys the planet, yer a dick, neel!
And people wonder why we are losing our manufacturing industry. Renewables means SA has the highest electricity costs. If we stop burning coal you can say good bye to cheap electricity.
As it destroys the planet
Who says? You? Burning coal produces CO2 which is plant fuel.
“Got rid of your coal shares yet ? Chuckle”
I don’t have pure Coal shares. In fact I bought some more BHP a while ago at 15. I was a bit concerned when they went sub 15 plus some.Sold them at 20. Made 10,000 x $5. You work it out.
Yes I am chuckling
I don’t like to make stupid mistakes like investing in non diversified companies.
For instance I would never invest in say ………… A gun company
ROFLMAO……..that’s not a chuckle it’s hilarious
“Got rid of your coal shares yet ? Chuckle”
I don’t have pure Coal shares. In fact I bought some more BHP a while ago at 15. I was a bit concerned when they went sub 15 plus some.Sold them at 20. Made 10,000 x $5. You work it out.
Yes I am chuckling
I don’t like to make stupid mistakes like investing in non diversified companies.
For instance I would never invest in say ………… A gun company
ROFLMAO……..that’s not a chuckle it’s hilarious…..
“Burning coal produces CO2 which is plant fuel.”
Oh FFS.
I don’t like to make stupid mistakes like investing in non diversified companies.
I don’t like to make stupid mistakes like investing in non diversified companies.
So that’s just a stutter then?
This government is fucking the economy … do that and you fuck my lifestyle!
Your lifestyle. That is what elections are all about. Your lifestyle. What about everybody else who lives in Australia?
Labor may be good for you but unemployment always rises under Labor. Debt always rises under Labor. Inequality always rises under Labor. Children in detention always rises under Labor.
As always TB it is always what is best for you. YOU YOU YOU. And stuff everybody else
Renewables means SA has the highest electricity costs.
Even AFTER the truth has been shown (ie, that SA taxpayers are being ripped off to put money into the pocket of a Chinese Billionaire), idiots keep repeating the same lie
SA Power Networks, which is majority owned by Chinese billionaire Li Ka-Shing and made a $363 million profit last year, is planning to charge customers $45 million to fund the compensation it will have to pay users hit by blackouts over the next five years. This is a tenfold increase on the $4.1 million it charged during the past five years.
http://www.adelaidenow.com.au/news/south-australia/householders-face-higher-vegetation-clearance-and-blackout-compensation-costs/news-story/736217e330dd5639455774ed7cc0c6ee
and the kicker
The increased costs for blackout compensation payments — or Guaranteed Service Level — sought by SAPN is in response to “increasingly extreme weather events’’, company spokesman Paul Roberts said.
Yes, look at what they do, not what they say.
ASIC, ACCC and Tax Office budgets slashed in Coaltion’s first three years
http://www.smh.com.au/business/federal-budget/asic-accc-and-tax-office-budgets-slashed-in-coaltions-first-three-years-20160430-goj50q.html
…In the Coalition’s three years in office, the Australian Securities and Investments Commission has lost 14 per cent of its staff, the Australian Competition and Consumer Commission 10 per cent of its staff, and the Australian Tax Office 16 per cent of its staff.
The figures in a report on corporate malfeasance to be released by the Australia Institute on Monday suggest the total staff cut among corporate regulators is 14.9 per cent, about 3900 employees.
The paper says the only notable exception is the Fair Work Building Industry Inspectorate whose staff has jumped by more than half from 100 to 155.
“You wouldn’t lay-off 15 per cent of your firefighters in the middle of a bad bushfire season, but that’s effectively what we’re doing with white-collar crime,” said the institute’s director of research Rod Campbell…
TPP, what is it good for?
The Productivity Commission’s hands were tied on copyright:
http://www.canberratimes.com.au/federal-politics/political-opinion/the-productivity-commissions-hands-were-tied-on-copyright-20160429-goi0lx.html
…Buried within this week’s landmark Productivity Commission report on copyright and patents is seething resentment at the way Australia has negotiated trade agreements…
A statesman arrives.
As always TB it is always what is best for you. YOU YOU YOU. And stuff everybody else
I think you’ve made another mistake, neel … I’ll forward this to wally on your behalf tho’ …
++++++++++++++++++++++++++++++
(ie, that SA taxpayers are being ripped off to put money into the pocket of a Chinese Billionaire)
And a Muslim, Australia Post CEO ripping off the system for $4.5 million a year by providing higher costing, poorer service with less workers …
What an exciting time to be an Australian …
“Oh FFS.”
MMV! Atmospheric CO2 has gone up substantially over the last decade and a half. Global temperature was predicted to increase significantly by AGW theory. It didn’t.
Theories are tested by checking predictions against reality. In this case the deniers (reality deniers that is) would rather disregard reality than admit their theory is wrong.
What an exciting time to be a RICH Australian … 😉
Maybe we don’t need a Royal Commission on Banking and Finance …
But we do need a Royal Commission on Corporate Fraud (including Banks and Finance)!
http://www.theguardian.com/business/2016/may/02/corporate-wrongdoing-now-endemic-in-australia-report-shows
You’d better tell us what you mean by MMV, sb?
My version is mapping, modelling and visualisation … from my marketing studies?
Global temperature was predicted to increase significantly by AGW theory. It didn’t.
Only if you like cherry picking.
When the phase of natural variability is taken into account, the model 15-year warming trends in CMIP5 projections well estimate the observed trends for all 15-year periods over the past half-century.
http://www.theguardian.com/environment/climate-consensus-97-per-cent/2014/jul/21/realistic-climate-models-accurately-predicted-global-warming
TB, having grown tired of FMD, I adopted an equivalent expression based on a comment Amand Bynes made about a popular entertainer: “I want Drake to murder my vagina.”
I think the way young ‘uns communicate their needs and desires is rather sweet.
I suspected something like that, sb … sweet? ~(8-)
NEGATIVE GEARING is NOT a Fundamental Principle of Tax Law
BAREFACED LIE? PURE IGNORANCE? ABSOLUTE INCOMPETENCE?
In a recent interview with the ABC’s Leigh Sales, Prime Minister Malcolm Turnbull defended negative gearing as “income tax 101”, by which he went on to explain as “a fundamental principle of tax law and has been forever that you can deduct from your income the interest expense of money that is borrowed to purchase an income-producing asset”.
However, it ignores a very important difference between the tax treatment of companies and individuals. Companies don’t get the 50 per cent tax discount on capital gains which individuals have done since 1999 (nor did they get the CPI inflation adjustment to the cost base of assets which individuals did between 1985 and 1999).
Once upon a time, Mr Turnbull appreciated this difference.
http://thenewdaily.com.au/money/2016/03/30/turnbull-has-said-negative-gearing-is-tax-avoidance/
MALfunction TurnAbbot really is as dim as he sim … public wafflers rarely have any real substance of knowledge …
TB, negative gearing is an application of the general rule that you can deduct expenses against all your income, not just specific income.
For example, were I to open up a restaurant and, as is the norm in these ventures, lose money by the truckload, I would be entitled to deduct the excess expenditure also against my consultancy income. There is no rule which says restaurant expenses must be deducted only against restaurant income.
Likewise, if I borrow to buy shares, I can offset the interest deduction also against my other income, not just the dividends.
The real argument is whether the interest should be apportioned. For example if my plan for “Splatter’s Platters” is to eventually run the eatery at a profit and sell it for a huge capital gain then perhaps the interest expense should be apportioned on the basis that part of the reason for incurring the interest it is for the purpose of obtaining a capital gain. That part would not be deductible but would be part of the cost base of the restaurant.
Same with property and shares. However, the courts have not interpreted the law in this way and the law has not been amended to bring about this result. (AFAIK).
The issue of discounted capital gains is another matter entirely.
“Companies don’t get the 50 per cent tax discount on capital gains which individuals have done since 1999 (nor did they get the CPI inflation adjustment to the cost base of assets which individuals did between 1985 and 1999).”
WRONG !
YET AGAIN !
I actually did an index calculation just 3 weeks ago for a client who had sold a building acquired in 1989. Indexation still applies upto 1999
You know you really shouldn’t comment on stuff you know absolutely nothing about.
Which just happens to be most of the topics covered everyday by The Daily Trash.
https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Calculating-a-capital-gain-or-loss/The-indexation-method-of-calculating-your-capital-gain/
You know you really shouldn’t comment on stuff you know absolutely nothing about.
You know, I didn’t, an ECONOMIST did … not a shiny arsed CPA …
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
More Bullshit!
Thanks for the lectures boys … and especially your advice, wally … always welcome …
WRONG !
YET AGAIN !
Walrus according to you it is Saul Eslake who is wrong. Gets annoying when you cannot trust anyone
http://thenewdaily.com.au/money/2016/03/30/turnbull-has-said-negative-gearing-is-tax-avoidance/
However, it ignores a very important difference between the tax treatment of companies and individuals. Companies don’t get the 50 per cent tax discount on capital gains which individuals have done since 1999 (nor did they get the CPI inflation adjustment to the cost base of assets which individuals did between 1985 and 1999).
Once upon a time, Mr Turnbull appreciated this difference.
Here in California people will soon choose to give the Republican nomination to Donald Trump!
That’s nice. Californian Republicans – such good taste!
Mind you, they do have some good surf!
“Walrus according to you it is Saul Eslake who is wrong.”
Well I dont know where he got his information from. The ATO link is quite clear.
I do these calculations for company owned pre 1999 assets every 6 months or so. Slowly over the years they are fewer as you’d expect.
Apology accepted, wally.
http://www.afr.com/opinion/grattans-john-daley-sorry-malcolm-you-are-wrong-on-negative-gearing-20160426-gofptb
This is a link … not my opinion … ~(;->
Has it rained yet, ToM?
Oh! FFS!
And they have a sense of humour too … !
“We believe this service will help the small amount of customers who can’t collect their parcel straight away.”
http://www.news.com.au/finance/business/australia-post-to-begin-charging-for-holding-undelivered-parcels/news-story/c325920566a617418e8c3d918cd7f255
What used to be until Labor trashed everything
http://www.smh.com.au/comment/the-lessons-of-peter-costellos-debtfree-day-are-worth-remembering-20160420-goauk5.html
Ten years ago today Australia celebrated an unusual milestone – the federal government announced that its debt had finally been paid off.
“Debt-free day,” treasurer Peter Costello called it in a speech celebrating the event. “The day we pay off the mortgage.”
As last week’s warnings of a credit downgrade ring in our ears, it is worth considering a few lessons from that special moment in history.
That is right lefties. Ten years ago we were debt free. Everything was adequately funded, unemployment low, economy boom.
That is until Rudd/Gillard trashed eveything
GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC GFC
“Splatter’s Platters”
Lol …!! 😭😭😭
GFC GFC GFC
The GFC is over. Why havn’t the economic numbers returned to pre-GFC levels?
http://www.theguardian.com/australia-news/2016/may/02/labor-seizes-on-liberal-mp-john-alexanders-comments-on-negative-gearing
… government backbench MP John Alexander that negative gearing has helped make property unaffordable for first home buyers as evidence the tax deduction must be wound back.
I suspect that because interest rates have crashed a lot more people than normal are getting into investment properties. If interest rates go back up to their normal levels i think there will be a lot of people losing money.
There is talk the Reserve Bank may lower interest rates again tomorrow. I hope not No wonder people are getting into investment properties when it is hard to get 2% interst for cash deposits.
Also we do not know how much foreign investors are distorting the housing market
NG should not be allowed to reduce someone’s wages and salary simply to avoid paying their fair share of tax on that income.
Negative gearing is simply a form of tax avoidance: Saul Eslake
http://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/52023-negative-gearing-is-simply-a-form-of-tax-avoidance-saul-eslake.html
…Saul Eslake • a month ago
It was Malcolm Turnbull who described negative gearing as a form of tax avoidance, back in 2005, not me. All I’ve said is that it is used predominantly by upper income households to defer and/or reduce their taxes. I’ve never said that is illegal or illegitimate. Rather, what I advocate is that the law should be changed so that this is no longer possible under the law. I have no problem with property investors (or any other investors) offsetting their borrowing costs against their property (or other) investment income: but I don’t think they should be able to offset against their wage and salary income…
That’s the difference between Australia and other countries. NG is a tax benefit being given for unearned income. It is something that only investors gain from.
Perhaps to be fair and equal, every owner occupier home should be able to deduct their house payments from their income? That way, the investor doesn’t get a tax advantage that others don’t get and other taxpayers aren’t being asked to subsidise these wealthy investors [and they are wealthy].
Why negative gearing is not a fair tax policy
https://theconversation.com/why-negative-gearing-is-not-a-fair-tax-policy-44775
…Is negative gearing in accordance with well-established tax rules? A fundamental principle in the tax law is that a taxpayer should be able to deduct expenses only if the expenses have been incurred to generate assessable income…
I would rather see young people in their own home than have taxpayers being forced to subsidise wealthy investors to exploit those young people.
How many investors kick the young ones out after 12 mths when they want to sell their loss making investment? That’s the life for a generation of renters, constant showings of the house, traffic trooping through while people are trying to live in the house and then kicked out.
Few positives to be found in negative gearing
http://www.abc.net.au/news/2014-07-07/janda-few-positives-to-be-found-in-negative-gearing/5576662
…From a social equity standpoint, RBA statistics show that while 23 per cent of households in the top-fifth of income earners have an investment property loan, only 11 per cent of households in the next highest income bracket do.
For those on middle incomes, only 9 per cent have an investment property loan, and the proportion of investment loans for low-income earners is unsurprisingly negligible.
That shows negative gearing is overwhelmingly skewed towards lowering the tax bills of the relatively well-off, not benefiting the average mum and dad battler.
That is unsurprising, as it takes a pretty high income to be able to sustain all the interest-related losses on your investment property while you wait for its value to go up enough that you can flog it for a worthwhile tax-discounted capital gain…
Also we do not know how much foreign investors are distorting the housing market
They’re all investors, but the aussie investor is getting subsidised by another 9 non-NGearing taxpayers and is a tax dodger!
If interest rates go back to more normal levels i think all this discussion about negative gearing will disappear. Why put money into cash where you get just over 2%?
Interesting read that costello opus. Well, if ou read between hte lines, and sometimes just into them
In mechanical terms, the $96 billion debt was essentially paid off by a combination of the government living within its means – creating and then sustaining budget surpluses over many years – and using asset sales to retire debt.
Read more: http://www.smh.com.au/comment/the-lessons-of-peter-costellos-debtfree-day-are-worth-remembering-20160420-goauk5.html#ixzz47X6B1cuE
Follow us: @smh on Twitter | sydneymorningherald on Facebook
no mention of how much is credited to what. Even though, as we saw with the massive sell offs, most came from asset sell offs, which left us with nothing, in fact, it left us with a totally trashed telecommunications system, that Labor fixed, and now malcayman has trashed again.
Government spending as a proportion of the economy was always lower under John Howard than the level inherited from the Keating government.
That may well be right, but, remember, howard took over just after Keating had been pump priming the economy, too late, to avoid a recession.
Was the spending lower than over the term of Government? Well, no, and, as has been shown repeatedly, howard was one of the most profligate spenders, which puts the first quote I took into even more perspective.
Revenues from the sale of public assets, worth $46 billion up to that point, went to debt
You mean like infrastructure to replace those sell offs?
Whoever was sitting in the treasurer’s seat during the GFC – Costello, Wayne Swan, Pistol or Boo – would have overseen a world-beating performance.
Quite obviously, pistol or boo would have fucked it up big time, as if we had followed the libs advice, we WOULD have entered recession. We came extremely close as it was. So close, that murdor was claiming we WERE in recession.
Labor blithely surrendered our world-beating position with undisciplined spending, but once it’s gone it is extremely hard to get back.
Well, quite obviously, it wasn’t “undisciplined spending” as evidenced by both the result, and the numerous reports into the spending following the GFC. And, Labor WERE on track to get it back, as shown by the then budget papers, and now see global economic situation, but hten, elevnty got in, and went about spending like a Addled Mariner
Of course, once I got to the end, I realised what all the hagiography was about, and it definitely didn’t have anything to do with reality, it was all about propping up the hammock dwellers record, using the libs favourite debating tool, bullshit.
David Alexander is federal managing director at Barton Deakin and a former senior adviser to Peter Costello.
no mention of how much is credited to what.
Costello had $70B of asset sales. Costello paid of $96B of debt started a $80B Future Fund and left $44B in the bank.
That means Costello saved $96B+$80B+$44B = $220B over 11 years through a combination of asset sales and surplus budgets.
The main source of revenue to do this was surplus budgets
The main source of revenue to do this was surplus budgets
Or, in colloquial terms, to tax people more
Or, in colloquial terms, to tax people more
I see you have changed your mind. The story used to be Costello tax cuts destroyed the budget. Now lefties are saying Costello taxed the crap out of people
it was all about propping up the hammock dwellers record
Blind fools. You have no idea how good Costello was. Well it looks like we are about to lose our AAA rating because we have not run a surplus budget since 2007. The next election would be a good one to lose.
The story used to be Costello tax cuts destroyed the budget.
Thay have, and that is accepted by most economists. They came in at the end of the libs tenure (and front loaded when they saw themselves losing the election)
Other taxes, such as GST. make a lot when the economy is riding high, but are slashed when a downturn occurs, as they are connected directly to spending.
It is so simple, it is no surprise that you get confused. Again, ask your mother to explain it for you.
They came in at the end of the libs tenure
Did they? I thought they were given most years..
Anyway why didn’t Swan put them back up. They had 6 years and could get any legislation through Parliament. The Greens love tax increases so they would have voted for it. Instead we got this from Swans last budget
http://www.budget.gov.au/2013-14/content/overview/html/overview_41.htm
The Government has delivered $47 billion of tax cuts in our first four years since coming to office. In addition, we have provided further tax cuts as assistance for the cost of living impact of the carbon price from 2012‑13. Even after accounting for the small increase in the Medicare levy in 2014‑15 we will be delivering total tax cuts of around $20 billion a year over the next four years compared to the 2007‑08 tax scales.
Swan even published a Table showing how much better his tax cuts were compared to Costello in the last column.
“They came in at the end of the libs tenure (and front loaded when they saw themselves losing the election)”
Really ??????????????
So who put together the 2008/2009 Budget ?
“From the first round of tax cuts on 1 July 2008, working families will receive an extra:
* $20.19 per week for families on a single income of $40,000 (a 16.8 % reduction in tax)
*$21.15 per week for families on a single income of $80,000 (a 5.8 % reduction in tax)
*$31.73 per week for families on a combined income of $100,000 with the primary earner on an income of $60,000 (an 8.8 % reduction in tax). ……………”
http://www.budget.gov.au/2008-09/content/overview2/html/overview_08.htm
And wait there’s more…………..
“These cuts, totalling $46.7 billion over the next four years, will provide real help to families and incentives to encourage workforce participation to secure the nation’s economic future.”
http://www.budget.gov.au/2008-09/content/overview2/html/overview_07.htm
Another of TomR’s lies
So who put together the 2008/2009 Budget ?
I have said many times that rudd should never have signed onto howards election bribe, or, at worst, reneged after the election.
But, they WERE howard/costello tax cats, and wre just another in a long lone of front loading that costello bequeathed to our nation.
I have said many times that rudd should never have signed onto howards election bribe, or, at worst, reneged after the election.
Nothing stopping Labor raising taxes after the 2010 election. Greens love tax increases so there would be no trouble getting tax increases . Instead we get this from Swan in his last 2013 budget as i posted earlier.
http://www.budget.gov.au/2013-14/content/overview/html/overview_41.htm
The Government has delivered $47 billion of tax cuts in our first four years since coming to office. In addition, we have provided further tax cuts as assistance for the cost of living impact of the carbon price from 2012‑13. Even after accounting for the small increase in the Medicare levy in 2014‑15 we will be delivering total tax cuts of around $20 billion a year over the next four years compared to the 2007‑08 tax scales.
“But, they WERE howard/costello tax cats……….”
ROFLMAO
Not according to NoS’ link with Swan claiming “ownership”
“The Government has delivered $47 billion of tax cuts in our first four years since coming to office. ……….”
Operational Secrecy? Dopey Dutton – Dumb Dick Extraordinaire
But, they WERE howard/costello tax cats, and wre just another in a long lone of front loading that costello bequeathed to our nation.
This is what Labor took to the 2007 election. I guess Labor was under pressure to copy Costello and copy they did.
http://www.smh.com.au/news/economy/rudd-to-unveil-tax-policy/2007/10/19/1192301012405.html
Parents receiving family benefits with one child at primary school and one at secondary school would get a $1125 a year tax refund for education expenses under Labor’s tax policy announced today.
Labor leader Kevin Rudd also promised to keep most of the Government’s $34 billion worth of tax cuts outlined on Monday, except he would defer some of the $3 billion tax cut for people earning over $180,000, who would receive a reduced amount.
This is the Dickwit© taxpayers pay $4.5+million a YEAR! To fuck up Australia Post …
How do they get away with it … what would a banker know about customer service … ?
Obviously nothing …
How do they get away with it … what would a banker know about customer service … ?
Appointed by Stephen Conroy in 2010
I have some interesting political views of my own. Check it out at https://otheropinionsblog.wordpress.com/
Appointed by Stephen Conroy in 2010
Conroy has never impressed me … and I knew about Fahour’s appointment … I want to know when the dick is being terminated!
… but the Fahour is STILL there SIX years later!