Politics Super Thread - keep it all in here

[gallagher]

@watersider The complicating factor in grandfathering this policy would be that Shorten wouldn't have received the immediate tax grab he was after ... he would have had to wait until all these retirees died off and their Super distributed to Beneficiaries.

My main issues with the policy is moving the goal posts after people have played by the rules their whole lives, and punishing them in retirement when they don't have another 30 or 40 years to re-establish themselves financially.

And yes, wealthy retirees can also utilise these same franking credits refunds. The rules are the same for all taxpayers, regardless of underlying wealth. I don't have statistics as to average wealth of retirees across the country, but that's a whole other debate as to whether we punish people for being successful.

As i said in an earlier post, if the policy exempted existing Super Funds and Small Businesses, it could work and ultimately save the government alot of money going forward. Labor didn't do it properly though, they just wanted an immediate tax grab and weren't concerned about the lives ruined along the way.

Ther policy excluded non profit organisations such as trade unions. Funny that.

 

[Abraham]

@gallagher I didn't know that. Yet my suprise factor is Zero.

 

[weststigers]

@Yossarian yeah you're right and it was news to me until I heard them describing Albo on the news as part of the left faction which surprised me as I've never really heard him talk about hard left politics like Shorten did. Mental note to dig further into Albo and his leanings.

My central point is that there was once a time when it didn't matter too much which party was voted in, we'd all be fine. I hope the Labor party moves further to the centre with their next leader.

My view...You can't tax yourself to prosperity and the government is not the best person to tell you how your money should be spent. I'd prefer to see more money in people's pockets through less taxation and let the individual decide where they need the money to be directed.

 

[gallagher]

@gallagher I didn't know that. Yet my suprise factor is Zero.

Yep. But retirees recieving a couple of grand via the refund are big end of town.

 

[Cultured_Bogan]

@Yossarian yeah you're right and it was news to me until I heard them describing Albo on the news as part of the left faction which surprised me as I've never really heard him talk about hard left politics like Shorten did. Mental note to dig further into Albo and his leanings.

My central point is that there was once a time when it didn't matter too much which party was voted in, we'd all be fine. I hope the Labor party moves further to the centre with their next leader.

My view...You can't tax yourself to prosperity and the government is not the best person to tell you how your money should be spent. I'd prefer to see more money in people's pockets through less taxation and let the individual decide where they need the money to be directed.

I have low confidence in governments to effectively spend money, on either side of politics. I believe certain social institutions like universal healthcare, a sensible safety net and education are well worth the spend though.

I often wonder why resources were never nationalised. Norway nationalised their resources and basically have a future fund as a result. Of course the Gina, Clive and Twiggy would never go for that here.

 

[pawsandclaws1]

The term self funded cannot be used to describe those retired folk who are receiving franking credits. They are receiving money from taxpayers.

All retirees have worked hard so I don't believe this to be a compelling reason why this scheme should remain.


We have 30per cent of applications for the Disability Pension being approved with the remaining unsucc applicants for Rd onto Newstart. The NDIS is under resourced..

Greed and self interest seem to be the motivating factors. Whatever happened to the notion of voting for those who are less fortunate?

 

[gallagher]

The term self funded cannot be used to describe those retired folk who are receiving franking credits. They are receiving money from taxpayers.

All retirees have worked hard so I don't believe this to be a compelling reason why this scheme should remain.


We have 30per cent of applications for the Disability Pension being approved with the remaining unsucc applicants for Rd onto Newstart. The NDIS is under resourced..

Greed and self interest seem to be the motivating factors. Whatever happened to the notion of voting for those who are less fortunate?

But why would non for profit organisations like unions, rich religions get the exemption? Wests Leagues being non for profit would be exemot aswell I'd assume. They don't need the taxpayer handouts.

 

[pawsandclaws1]

Just a follow up on the story in the Australian detailing the views of KPMG tax specialist that the franking credits system cannot be sustained and an increase in the GST or large cuts to spending will have to be made to continue to fund this "system". So talk of a budget emergency can now be anticipated,

 

[Jedi_Tiger]

@pdenny77 A good win for the silent majority
no fluke
Trump, who is a convicted Rapist and Felon
Brexit
polls got it all wrong people get abused if they say they vote concervative and called climate change denire etc.
work hard and you succeed

 

[happy_tiger]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

 

[gallagher]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

"If you don't like our policies, don't vote for us"

How do you think his colleagues feel about his comments Happy.

 

[Cultured_Bogan]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

"If you don't like our policies, don't vote for us"

How do you think his colleagues feel about his comments Happy.

Let's wait until the policy comes forward before casting him to the lions. Could go further left, could recognise the failures of Shorten. There'll likely be a policy review after that cluster last weekend.

 

[Tim Sheens]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

I think Tanya Plibersek would be the best, but she quickly decided to not expose her family to the gutter jounalism attacks of the Murdoch press that would no doubt come thick and fast.

At least the opposition leader will have a good representation of women behind him, forming part of a reasonably diverse group that unlike the other side of the bench, somewhat reflects the nation they serve.

 

[happy_tiger]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

"If you don't like our policies, don't vote for us"

How do you think his colleagues feel about his comments Happy.

Well he and Plibersek are the only 2 I'd even think about voting for

 

[gallagher]

Bowen has pulled out

Albos the next opposition leader

Best choice in my opinion

"If you don't like our policies, don't vote for us"

How do you think his colleagues feel about his comments Happy.

Well he and Plibersek are the only 2 I'd even think about voting for

I meant Bowen, stupid thing to say in an election.

 

[happy_tiger]

Bowen and Shorten wouldn't get my vote

 

[Jedi_Tiger]

@formerguest i dont think Pliberseks husband has the best past and image anyway

 

[Cultured_Bogan]

@formerguest i dont think Pliberseks husband has the best past and image anyway

I figured that was the driver. Too much family baggage for her to lead without scandal.

 

[pawsandclaws1]

You have to have a name suitable for a certain demographic that is found in habitat north of Tweed Heads. Scomo or Albo is a definite advantage which adds to the street cred in that area. Tanya or Penny ain't going to cut it up in that region

 

[Tim Sheens]

@formerguest i dont think Pliberseks husband has the best past and image anyway

Yeah, Murdoch takes no prisoners and she would not want her kids exposed to his inevitable attack. We only need to look back a few years ago in England to see that susceptible people can even be lead to kill politicians, but that man has no morals.