Politics Super Thread - keep it all in here
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hammertime
Well-known member
@Flippedy said:
Of course it does..
1) These are the people who receive all the money from others. You reduce expenditures, you are always going to hurt someone in a bad situation. There is a positive reason for EVERY policy. It's far easier to spend, like labor did, than to cut.
2) if you look at the past decade, these are the people who have received all the benefits. Over the period, existing policies were increasingly means tested and new policies, such as the cash handouts, were implemented with caps.
How about the papers start talking about who will pay the majority for people's internet connections due to the blow out in the NBN?
@stryker said:
Tell me about it.
I'll say this first before I go on my rant: there's genuine concern for certain members of the community that will be affected by the budget so this not a generalised attack on everyone, I'm only drawing from my own experience with the many people I come into contact with.
I am **so** sick of the "think of the young people" line that is being towed though. Everyone is whining how the housing market is pricing the kids out. Are these the same kids who own 60" LCD televisions, PS4's, a wardrobe full Henley's T-shirts the latest SS Commodore and parties hard every Friday & Saturday night but whinge that they can't afford rent or save for a house purchase?
Quite a few of my mates fit into this category and now they look at me with jealousy because I had the common sense to stay at home on Saturday night while they hit the piss and save my pennies so I could build my first home and pay for new furniture with my savings instead of credit. The very same people that used to heap crap on me for renting a crappy 3 bedder townhouse for $280 a week putting up with DHA tenants (read: junkies,) with no air con with second hand furniture while watching free to air on a 30" CRT television. My fiancee and I have never owned a credit card and don't intend to ever do so.
All I hear from these clowns now is that I "don't know how hard it is out there" because I am "lucky" to have a home and I've always had money and I don't know what it's like to "do it tough." Funny that… I've noticed with people they get luckier the harder they work and the more they save...
Gen Y (in general,) doesn't want to start low and work their way to the top, they don't want to miss out on anything and they think the world owes them. That is symptomatic of a society that emphasised the importance of the individual, that we are each all special and unique and that everyone is a winner in life. That's why they walk out of high school thinking they can earn $75,000 in a desk job without qualification. I see plenty of kids walk out on apprenticeships in the first year in my trade because they can't hack it. Walk out of year 12 being the top dog and can't handle being yelled at to carry materials around on site or do the coffee run.
They're about to find out that life has run out of participation medals for them.
@stryker said:
Not a dope Stryker, I just don't happen to think suicide is funny, especially when I know people who have taken their own lives and witnessed the devastation and incurable anguish it causes their loved ones.
Tiger_Watto
New member
@Cultured Bogan said:
Good Summary CB
@Cultured Bogan said:
Cultured Bogan, my response is regarding your feelings towards credit cards. Credit cards are not evil if you pay them off in full each month. They can also make you money!
My suggestion is that you look into a credit card that offers interest free days, usually around 50, and offers rewards. Then put every purchase on the card (but pay it off in full each month). Depending on the rewards program, every $13000 you put on the card, you receive $100 gift card. Many of the programs allow you to take fuel cards.
The trick is not to change your purchasing habits and always pay the bill in full each month. If you are as disciplined as you suggest, this will not be a problem and you would be financially better off from having a card.
I wasn't really referring to credit cards necessarily being bad mremedy, moreso pointing out that I was taught to save for the things that I want rather than run out and max a credit card like so many young people do. Again some of these guys I know are crippled by credit card debt because they wanted the televisions, playstations and nice clothes and they have the hide to tell me that I have it good and I'm lucky! I have it good because I'm not a financially retarded & weak willed materialist that will spend other peoples' money to have nice things because I can't wait to save for them myself.
@Cultured Bogan said:
Well said CB.
The same here. People say that my wife and I must be well off because we own our own home, have a couple of cars and go on trips from time to time.
However, we can do this stuff because we saved and sacrificed over the years to allow us peace of mind in our dotage.
Some of the left wing pinheads do not get that NOTHING is free.
Someone's got to pay for whatever it is.
Governments do not have any money of their own. They get it from people who work and pay taxes.
Instead of teaching crap in schools like diversity etc. they should be teaching students maths and how to budget.
@magpiecol said:
The statement in bold is false. RBA, hence Government, is the monopoly supplier of currency. Governments like Australia do not need to tax to spend.
Taxes provide two major functions: 1) Influence aggregate demand and inflation
2) Provide a mechanism for wealth distribution
Taxes do not FUND Government spending.
The Australian Federal Government budget is nothing like a household budget. It is a myth that the two are even remotely related.
@stryker said:
hmmm, there aren;t many lines to read between but here goes:
You like a good whinge/ rant/ chest beat - especially when sitting behind a keyboard.
You're happy that you're OK Jack: & to everyone who isn;t, well, it's really completely and utterly their own fault. They deserve to suffer! In fact, it would be far better if they just killed themselves and stopped bothering fine, right thinking, upstanding people such as yourself.
Although, just in case you might have gone a little far you think it's best to add a wink. Just to allow you to imply that anyone who disagrees is actually nowhere near as smart or well-informed as you. Or doesn't actually get your pearls of wisdom. Best to be safe…
(oh, and it means you can call them names which is always a bit of fun!)
Also, you probably had a really bad experience with a clown as a kid. Did the big shoes scare you, the squeaky red nose possibly? Or maybe you just had a horrible run in with a caring, compassionate clown...
Anyway, no need for the mods to step in, this is a football forum so I'll go back to that.
Honk honk :wink:
@magpiecol said:
What mess are we in? Seriously, that is political spin that many members of the public have swallowed hook, line and sinker without even questioning the idea. This running out of money dribble has no economic merit.
If we are in such a mess why was the last Treasury bond issue fully-subscribed!
The Government is the monopoly issuer of its own currency. How can it ever run out!?
If you don't believe me, name me a country that has gone broke that issues its own currency and has a freely floating exchange rate?
hammertime
Well-known member
@mremedy said:
You really should read the inter generational report. I've been at it on the forum well before Abbott was PM. And it's no just us, we need to think globally and protecting ourselves for a potential next collapse when all this comes to a head.
..and if you are suggesting just to print money,
1) inflation.
2) it's an indirect form of taxation anyway.
@hammertime said:
I'm not just suggesting the Government should print money. I'm suggesting that the Government can never run out.
Inflation occurs from rising prices, not from increasing the money supply. If an increase in money supply is accompanied by an increase in productive capability then there will be no inflation.
If there is no inflation then there is no inflation tax.
The idea that increases in money supply = automatic inflation is based on an economic theory with flawed assumptions that have weak empirical support.
Very true TJL
The worst part of the budget (and there are lots of bad parts) is the total inability to look to the future. No infrastructure spending besides a few new roads that will be clogged in a decade, cutting education, cutting funding to the CSIRO, deregulating university fees so that soon only very wealthy Australians will attend, just a total dumbing down of the nation. The only thing they are interested in is looking after their mining mates.
The worst part of the budget (and there are lots of bad parts) is the total inability to look to the future. No infrastructure spending besides a few new roads that will be clogged in a decade, cutting education, cutting funding to the CSIRO, deregulating university fees so that soon only very wealthy Australians will attend, just a total dumbing down of the nation. The only thing they are interested in is looking after their mining mates.
Winnipeg,
It makes no sense since all we hear is talk of a skills shortage but they are moving education further away from those who weren't born with a silver spoon in their mouths ie. - Abbott's daughter. Education should be on merit not how much money or influence your parents have. Nevermind, the Universities and TAFE colleges will be full of international students from China and India who will work for cheap when they graduate.
It makes no sense since all we hear is talk of a skills shortage but they are moving education further away from those who weren't born with a silver spoon in their mouths ie. - Abbott's daughter. Education should be on merit not how much money or influence your parents have. Nevermind, the Universities and TAFE colleges will be full of international students from China and India who will work for cheap when they graduate.
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