Flood levy
Jun 10th 2011 | 8:11 pm
#16
Joined: Jun 2006
Posts: 4,555
Re: Flood levy
Did he not have flood insurance? Is fairness making people homeless? Frankly I feel sorry for those who lost their homes, not those with a dodgy investment choice.
A friend of mine owns an investment house in Ipswich. The water went up over the window sills and made a complete mess. The tenants got their flood allowance of about $4000 and buggered off leaving him to clear up all their old rotten furniture and mattresses. As the landlord he isn't entitled to claim any assistance. The old tenants are now in a new rental with new furniture all paid for by you and me. That doesn't seem fair to me.
Jun 11th 2011 | 12:20 am
#20
Lost in BE Cyberspace
Joined: Dec 2008
Posts: 6,039
Re: Flood levy
Last event of a similiar nature was 1974. I believe a condition Nick Xenophon wanted for the levy is that QLD gets insurance. QLD Libs wanted to use more of the flood catchment to hold water as standard. What monkeys.
QLD slacked off on the insurance and should be paying a lot more as a result.
QLD slacked off on the insurance and should be paying a lot more as a result.
I can't find any evidence that insurance would make much difference. If so, NSW and other states would not be busy claiming off the same govt scheme as they have done over recent years to fix their damaged infrastructure...I don't think insurance covers as much as that original beat-up made out?
Last edited by fish.01; Jun 11th 2011 at 12:24 am.
Jun 11th 2011 | 10:44 am
#23
(It's not my real name)
Joined: Sep 2002
Posts: 12,469
From: Ilukapool. WA
Re: Flood levy
They didn't want to lose their no claims bonus. Why bother claiming when you can rely on the largesse of the tax payer to bail you out?
Jun 11th 2011 | 10:52 am
#25
BE Forum Addict
Joined: Nov 2004
Posts: 2,584
Re: Flood levy
Negative gearing is not a subsidy it is a deductible expense. It is typical socialist thinking to view deductibles as a government subsidy when in fact all it does is reduce the amount of tax you pay. If tenants don't like paying rent they should go and buy instead.
Jun 11th 2011 | 11:13 am
#26
Joined: Jun 2006
Posts: 4,555
Re: Flood levy
Socialist wealth redistribution does not care if the form is a subsidy, deduction or tax rebate. Negative gearing is wealth redistribution. Very pinko.
Jun 11th 2011 | 11:32 am
#27
BE Forum Addict
Joined: Nov 2004
Posts: 2,584
Re: Flood levy
Socialist wealth redistribution does not even care if the cash cow it sucks from withers and dies leaving everyone poorer. Negative gearing takes this further by providing cheap housing for the poor at the expense of the rich who even after the "tax rebate" still have to subsidise the tenant more and make a loss year after year. Otherwise it would be cheaper to buy.
Jun 11th 2011 | 12:51 pm
#28
Joined: Jun 2006
Posts: 4,555
Re: Flood levy
Sounds pinko to me.
Socialist wealth redistribution does not even care if the cash cow it sucks from withers and dies leaving everyone poorer. Negative gearing takes this further by providing cheap housing for the poor at the expense of the rich who even after the "tax rebate" still have to subsidise the tenant more and make a loss year after year. Otherwise it would be cheaper to buy.
