Politics Super Thread - keep it all in here

[earl]

It boggles that we are a net exporter of gas, and yet have to pay global rates for our gas.

It makes perfect sense. That is the price that you can sell it at so that is the price we pay.

 

[Cultured_Bogan]

It makes perfect sense. That is the price that you can sell it at so that is the price we pay.

They're our resources. By all means sell it for more overseas, there's the market for it. This is why I support nationalisation of minerals and resources. We should benefit from what comes from the ground here.

 

[earl]

They're our resources. By all means sell it for more overseas, there's the market for it. This is why I support nationalisation of minerals and resources. We should benefit from what comes from the ground here.

We benefit a lot. Resource companies employ a lot of people, pay a lot of taxes and we also own those resource companies via our Super funds or whatever.

I can see your point but I'm skeptical that nationalisation would work.

 

[Cultured_Bogan]

We benefit a lot. Resource companies employ a lot of people, pay a lot of taxes and we also own those resource companies via our Super funds or whatever.

I can see your point but I'm skeptical that nationalisation would work.

I don't advocate for a nationalisation of everything in Australia, just have a presence in a couple of industries of importance like vehicle manufacturing and resources.

 

[TSP]

I also advocate for intervention into the market to help people.

Since the 1970s housing prices have gone up 30 times but wages only 10 times.

Who remembers the golden days a few years ago when you could heat the whole house properly during all of the winter?

You get home from work now and you’re not sure if you are barking instructions to one of the kids or a pile of jumpers waiting to be washed.

Something has to give Albo.

I want to see a fairer distribution of resources in society and a better life for everyone.

 

[earl]

I want to see a fairer distribution of resources in society and a better life for everyone.

So do I. The question is how ?

I looked in depth into the housing issue. There are some crappy policies that don't help but the real problem is us. We borrow as much as we can to outbid each other and then you end up in a cluster ... of a situation.

So all the cheap money and hand-outs we have had have made the situation worse.

 

[FinestTigers]

Countries that produce and export oil have significantly lower prices of petrol for their citizens.

The current average price of petrol throughout the World is 1.29 U.S. Dollars per litre (1.79 AUD) some of the variations in prices across those countries are mainly due to their various taxes,

Which means that when we pay $2 and $2.30 a litre we are paying up to .70 cents more than the World average price.

When oil rich countries can afford to give cheap petrol to their citizens. (among the top ten cheapest, Venezuela has the cheapest price, just $0.03 per litre, followed by Libya ($0.03) and Iran ($0.05))

Then For heavens sake,
And When we export the damn thing because we have an abundance of narural gas then at least don't scare us by not having enough of supplies for domestic use and at least give our citizens a not so cheap but just a reasonable price.

 

[Magpie_Magic]

They're our resources. By all means sell it for more overseas, there's the market for it. This is why I support nationalisation of minerals and resources. We should benefit from what comes from the ground here.

All good but I own stocks and super and don't want my assets confiscated. If they want to nationalise they can take over my company and or start new government enterprises off scratch taking the risk of losses that come with it.

 

[earl]

This is interesting in relation to wealth inequality.

 

[Cultured_Bogan]

All good but I own stocks and super and don't want my assets confiscated. If they want to nationalise they can take over my company and or start new government enterprises off scratch taking the risk of losses that come with it.

Yeah absolutely. I'm not saying confiscate assets. All current operations would be grandfathered if not "bought" by the government.

 

[Magpie_Magic]

Yeah absolutely. I'm not saying confiscate assets. All current operations would be grandfathered if not "bought" by the government.

Agree with this.

Trouble is since the 80s globalization push this country has sold out instead of keeping a good balance for national interests.

We should loads better than we are as a nation.

 

[TSP]

So do I. The question is how ?

I looked in depth into the housing issue. There are some crappy policies that don't help but the real problem is us. We borrow as much as we can to outbid each other and then you end up in a cluster ... of a situation.

So all the cheap money and hand-outs we have had have made the situation worse.

Well we need a lot more housing and we can develop regional Australia.

The government can enter the market.

We can restrict speculation in residential property.

We can tax the Uber wealthy.

There’s no reason why people who pass away with say $10m nett personal assets and up can’t cop a 5% inheritance tax that can be channeled into housing and education etc. Their kids will make do.

The average taxpayer has spent a lot of cash keeping this country reasonably ok to live in.

A country that rich folk have made a very good life from and are enjoying more than others. No money concerns, just troubled by too many choices.

Time to pony up. I don’t want to burn them to the stake, but just pull a fiver from the dusty wallet. Help some battlers.

I’m not going for a revolution, but a fair go.

Some of the individual wealth in this country is a sight to behold, when people spend more on a dinner for two than your whole family does in a week of grocery shopping. And it’s the same the next night and every night.

And I deal with some very wealthy people at work. They are not better or more special than anyone else. Some of them, you wonder why fate has smiled on them so kindly!

As a dog in the fight, the missus makes an extra lunch for a kid at school who doesn’t eat properly. No sweat, but let’s sort this out.

 

[Cultured_Bogan]

Well we need a lot more housing and we can develop regional Australia.

The government can enter the market.

We can restrict speculation in residential property.

We can tax the Uber wealthy.

There’s no reason why people who pass away with say $10m nett personal assets and up can’t cop a 5% inheritance tax that can be channeled into housing and education etc. Their kids will make do.

The average taxpayer has spent a lot of cash keeping this country reasonably ok to live in.

A country that rich folk have made a very good life from and are enjoying more than others. No money concerns, just troubled by too many choices.

Time to pony up. I don’t want to burn them to the stake, but just pull a fiver from the dusty wallet. Help some battlers.

I’m not going for a revolution, but a fair go.

Some of the individual wealth in this country is a sight to behold, when people spend more on a dinner for two than your whole family does in a week of grocery shopping. And it’s the same the next night and every night.

And I deal with some very wealthy people at work. They are not better or more special than anyone else. Some of them, you wonder why fate has smiled on them so kindly!

As a dog in the fight, the missus makes an extra lunch for a kid at school who doesn’t eat properly. No sweat, but let’s sort this out.

[This word has been automatically removed] death taxes. You get taxed from your first dollar until the day you die. Death duties are scummy, no matter how much wealth you accrue. Everything I have when I die, should be up to me to leave however with whomever. The tax man should have no cut in that.

 

[Cultured_Bogan]

Agree with this.

Trouble is since the 80s globalization push this country has sold out instead of keeping a good balance for national interests.

We should loads better than we are as a nation.

Yeah agree. I'm not advocating for communism, just a national interest in a couple of key sectors to ensure we stay somewhat self reliant (vehicles,) and we don't disadvantage our own citizens just to make a buck (resources.)

 

[TSP]

**** death taxes. You get taxed from your first dollar until the day you die. Death duties are scummy, no matter how much wealth you accrue. Everything I have when I die, should be up to me to leave however with whomever. The tax man should have no cut in that.

It’s not up to you cb, the court can override your Will.

If your worth over $10m when you die, I’d say you’re fair game for a modest and reasonable taxing.

Then I might not have to feed an extra kid!

If we didn’t have taxes, life would be poor, nasty, brutal and short. No medicines, no cops, no way to exist.

 

[earl]

Help some battlers.

I'm more than happy too but that isn't how it works. We are paying a little more for petrol and heating right now and look at the outcry.

Meanwhile the Ukraine is getting bombed, women are getting raped and innocent people killed for no reason. That is why we have to pay a little more at the gas pump. Yet we complain about how tough it is.

I like your idea but too many people shirk and too many people's problems are caused by and can be fixed by their own actions. I don't believe socialism really works.

In stating that I'm all for raising taxes and an inheritance tax like that would be fine by me.

I think we need more taxes. Everyone wants more from the government. They should pay more taxes. If we don't like that then stop asking for more.

 

[Papacito]

We benefit a lot. Resource companies employ a lot of people, pay a lot of taxes and we also own those resource companies via our Super funds or whatever.

I can see your point but I'm skeptical that nationalisation would work.

New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion.

https://australiainstitute.org.au/post/appea-members-pay-no-income-tax-on-income-of-138-billion/

 

[earl]

And I deal with some very wealthy people at work. They are not better or more special than anyone else. Some of them, you wonder why fate has smiled on them so kindly!

I know a couple of really wealthy people. Some of my family owned a medium business that paid for the kids (and their kids) to go to fancy private schools and overseas holidays in the South of France. Houses in the Eastern suburbs and a weekender in Palm Beach.

Another part of the family are wealthier than the ones mentioned above but their lifestyle isn't as rich.

Most of that money was inherited or luck.

Wealth doesn't make you a bad or good person.

 

[earl]

New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion.

https://australiainstitute.org.au/post/appea-members-pay-no-income-tax-on-income-of-138-billion/

If true the tax system needs to be reformed.

It also doesn't change the fact that you, me and anyone who works should have their money in Super and that means we own these big resource companies. Their profits are our profits.

I'm all for though reforms to help create a better system.

 

[earl]

New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion.

https://australiainstitute.org.au/post/appea-members-pay-no-income-tax-on-income-of-138-billion/

I just posted again to state that this is a disgrace. These are foreign owned companies which also means that these companies would constitute a pittance towards our Super.

The only problem with that article is that it doesn't though take into consideration the complete picture. I figure they've cherry picked some companies that are screwing us over. It's wrong and it sucks but you'd have to put that into the proper perspective.

The Australian resources sector - significance and opportunities

The resources sector delivers economic wealth, jobs, high wages, investment and tax revenues to Australians. The sector’s contribution has exploded since the most recent mining boom kicked off in the mid 2000s (Figure 1). Together with mining services, the resources sector makes up over 8 per...

www.industry.gov.au

Research

Research

www.aph.gov.au

We actually do tax certain resources with an additional tax. It's line item "Petroleum rent resource tax".

This is though an example of digging into the details and the picture isn't so clear cut. I don't have enough information to make a subjective decision if in general we are managing our resource sector correctly.

I think it's ripe to complain about anyone doing it tough in Australia due to rising energy prices when you consider Russia is bombing another country.