Re: Aus Federal Politics thread (XII)

[Ethics? The Gall!]

I don't even know what that means!

'dividend imputation', that is; not 'qunt'.

from wikipedia

Dividend imputation is a corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce the income tax payable on a distribution. In comparison to the classical system, it reduces or eliminates the tax disadvantages of distributing dividends to shareholders by only requiring them to pay the difference between the corporate rate and their marginal rate.

[Bradman]

Negative gearing and super too. Not yet sold on the benefits of losing negative gearing, and not just because my portfolio is property heavy. Been reading and listening to a few fascist commentators and they seem to have a point if it's a one size fits all(:sighs: aren't they all) system.

[Ethics? The Gall!]

negative gearing distorts the property marker. makes it a lot harder for first home buyers. i dont have a problem with that getting cut as it just supports profiteering

not sure about the other bits. depends what they want to do to super. they cant keep cutting back pensions and then overtax super

[Bradman]

I think the main problem some commentators make is that the money would just go elsewhere just as tax avoidance friendly but less productive

Though speaking as someone whose super is negligible and wouldn't qualify for a pension (hopefully) they could at least means test some overly generous super benefits.

[Ethics? The Gall!]

yes to means testing.  should be done with all government benefits and tax breaks

tax avoidance is the big problem.  trouble is itd probably be necessary to rewrite our entire tax system to clamp down properly on it.  so they gotta work around the edges with bits and pieces with just makes it all the more ****** complicated.  and generally the more complicated it is the more loopholes there are

[lardbucket]

lets face it ...the radishes are grubs and class traitors...Shorten is vile and his defence makes me bilious...commiserations to the brave woman who raised the issue....but this joint offers no moral redemption...the filth tory class warriors are even worse...simply in the pay of the murdochs, tinklers, ginas,  twiggys , rio and the ultimate filth that is BHP and most of  the banks...

meanwhile having watched  a little telly recently it would seem those sections of the proletariat not already infused with bizarro/sci fi beliefs in some muzzi, judeo/christian or buddhi nonsense are rivetted to reality tv shows of the schadenfreude variety (ie fatties, renovators, poor folk with disfigured bodies who get a quid for going on the telly)... it is the food porn shows that are the most disturbing

 

I count that as the one of the more reflective and incisive Big Dog comments on a post I have seen....I expect to see Mr Dog in the gossip mags on the arm of the Tozzie PUP senator

I think Mr Dog just threw up a little in his mouth.

If so, I hope he moved his head after the photo was taken.

[JGK]

Abbott to Gloria today:

"Bill Shorten is the man who controls the GST, effectively"

[Bradman]

Abbott to Gloria today:

"Bill Shorten is the man who controls the GST, effectively"

Fine. Let's see the increase or broadening (a good idea) and see what Bill says. He control thes the Senate maybe. Money bills can't originate in the Senate.

[embee]

its a shame that the voters equate "good ideas" with political suicide notes

[Bradman]

With you on that one. Though apart from the Medicare levy the last budget was a good idea (mostly) that targeted the right areas in the wrong way.

Plus Credlin of course.

[horace]

So, it seems the MM has proposed to Mrs Laura Nauder..

The PM has set up a national taskforce on the Ice epidemic...what the feds can do is a mystery to me

but it all makes for good palaver

tough on crime...harrumph...

war on drugs....harrumph...

joke...

unforch it seems any pea brained bogan can cook up a batch of ice...

perhaps the national conversation shd consider decriminalization as an option...would cut crime...in Vic I would allow cheap access to opiates and other drugs, provided that all beneficiaries opted to live in the Mallee or the nth shore of Sydney

[Ethics? The Gall!]

...unforch it seems any pea brained bogan can cook up a batch of ice...

according to the authorities this little village where mi living is the meth capital of tasmania.
funny. they all look normal. for tasmanians

[JGK]

Poor Joe Hockey was dropped in it by the ATO Commissioner yesterday.

The ATO hinted that Hockey had approved the ATO's claim of public interest immunity in deciding not to disclose names of companies under investigation to the Senate Committee. As it turns out, Hockey had merely acknowledged to the ATO that he was aware they were going to claim the immunity.

[horace]

meanwhile the Oz economy is going down the tubes under the watch of the MM Govt...thank you MM and Hockey for turning a robust economy into a basket case

[skully]

PMSL at Pinko horrie. The economy was shot to ribbons by the drunken sailor spending of your beloved Commies.

[Bradman]

Hardly skulls. There's no budget emergency. Just ask Tony.

[horace]

Tony is not capable of an answe.

saw him on the abc before trying to maintain some semblance of control of the COAG agenda (tomorrow)...

while he wants to stick to family violence anti terror and Ice, the States are monstering him.

WA has gone berko about the GST carve -up...unfair barnett claims that other States are subsidised ignoring the reality that WA has been the long term beneficiary of support from the eastern states esp NSW and Vic.

WA is now saying they will not lend assistance if there are natural disasters in other States..

Meanwhile all States are jack of the failings of the Feds in health and education and will smite the MM tomorrow over these issues.

The MM looked dazed and at a loss.

He and Hockey have royally buggered the economy...there are a lot of newly unemployed people with baseball bats....the MMs turn will come.

As I have previously said this country is now only good at two things - digging stuff out of the ground and then filling holes with land fill.

We make little of consequence...our farmers have been subsidised for their lifestyle choices for generations...manufacturing is dead in the water.

Personally when confronted with the made in Oz product I reach for the overseas made alternative

[JGK]

Turn it up - we are awesome bankers.

[horace]

rofl...had forgotten that...and we have the most distorted housing market

[horace]

what other things are notable about the economy...

it is certainly not knowledge based....this government does not like science and any kid with ability would be mad to stay here

and then there is the service industry - we make good coffee and have a few good eateries and pubs.

[lardbucket]

LATEST UNEMPLOYMENT FIGURES

recently improved ... time for a little optimism maybe?

(participation rate also improved)

The jobless rate may take some time to get back down to late 2007 (pre-election) levels.

[horace]

aye...some welcome good news

[JGK]

The ABS is so underfunded these days you can't really put any faith in monthly figures - just trends.

[embee]

Turn it up - we are awesome bankers.

and good at rhyming slang

[horace]

ya big old meanie beanie!

I suppose there are worse and more immoral occupations than banking.

eg CEO of the Spiv Cricket Association, Gina R's therapist

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