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Attack the workers and pay the price.

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Attack the workers and pay the price.

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Old Dec 15th 2014 | 2:48 pm
  #106  
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Arrow Re: Attack the workers and pay the price.

Originally Posted by cresta57
I'd say construction was far from the most corrupt. There's that nice little earner of being a politician, not to mention union leaders.............
Politician is right up there, no question. But it's not an industry.

Agree with you about union leaders. And where are they most powerful? The construction industry...
 
Old Dec 15th 2014 | 3:58 pm
  #107  
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Default Re: Attack the workers and pay the price.

Originally Posted by Amazulu
Basically, NG is not a good idea (and I've benefited from it until recently) but I don't think that it is the root of high house prices as many see it

It's a factor, but there are many factors - lots of places have very high house prices without NG
A very poor idea that skews the market in favour of speculators at the cost of home makers. As such plays a large part in the housing diabolical situation that we find ourselves in. Take away the tax perks that cost the nation big time and watch the speculation diminish. A highly geared housing sector as Australia is not good for the nation nor longer term for the investor.

Low cost credit will of course suck the punters in only to spew them out come interest rate rises which they surely do.

While NG has served vested interests well it is well past its use by date and a tax avoidance scheme this nation can ill afford.

Australian tax being as you well know inefficient, inequitable and hugely unsustainable in present form.
 
Old Dec 15th 2014 | 4:25 pm
  #108  
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Default Re: Attack the workers and pay the price.

Originally Posted by Vash the Stampede
Politician is right up there, no question. But it's not an industry.

Agree with you about union leaders. And where are they most powerful? The construction industry...
Not forgetting the defenders of corporate abuse of power or white collar what are in all but name unions li8ke the AMA that looks after the interests of its members.

Anything not accountable and transparent can be open to abuse. Unfair to point the finger at any one sector when corruption is so wide spread.
 
Old Dec 15th 2014 | 6:10 pm
  #109  
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Default Re: Attack the workers and pay the price.

Pissed off with working for a shite boss/ mental recuperation - same thing. Everybody has done it at some point, those who haven't must be called jack.
 
Old Dec 15th 2014 | 6:51 pm
  #110  
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Default Re: Attack the workers and pay the price.

Originally Posted by the troubadour
A very poor idea that skews the market in favour of speculators at the cost of home makers. As such plays a large part in the housing diabolical situation that we find ourselves in. Take away the tax perks that cost the nation big time and watch the speculation diminish. A highly geared housing sector as Australia is not good for the nation nor longer term for the investor.

Low cost credit will of course suck the punters in only to spew them out come interest rate rises which they surely do.

While NG has served vested interests well it is well past its use by date and a tax avoidance scheme this nation can ill afford.

Australian tax being as you well know inefficient, inequitable and hugely unsustainable in present form.
If NG is going to be removed then it must be done as a part of overall tax reform - not some more socialist/anti-wealth bullshit

The tax system is inequitable - to higher income earners only as the majority of low income earners pay little income tax

Although NG is not a great idea, removing it will not greatly reduce house prices and it will affect the retirement investments of thousands of ordinary people. $6.8b is a lot of money but pales into insignificance when compared to the amount wasted on unnecessary welfare and other tax bribes
 
Old Dec 15th 2014 | 8:05 pm
  #111  
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Default Re: Attack the workers and pay the price.

Originally Posted by Vash the Stampede
Politician is right up there, no question. But it's not an industry.

Agree with you about union leaders. And where are they most powerful? The construction industry...
In my opinion & limited exposure they are all as bad as each other.
 
Old Dec 15th 2014 | 10:03 pm
  #112  
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Default Re: Attack the workers and pay the price.

Originally Posted by the troubadour
A very poor idea that skews the market in favour of speculators at the cost of home makers. As such plays a large part in the housing diabolical situation that we find ourselves in. Take away the tax perks that cost the nation big time and watch the speculation diminish. A highly geared housing sector as Australia is not good for the nation nor longer term for the investor.

Low cost credit will of course suck the punters in only to spew them out come interest rate rises which they surely do.

While NG has served vested interests well it is well past its use by date and a tax avoidance scheme this nation can ill afford.

Australian tax being as you well know inefficient, inequitable and hugely unsustainable in present form.
Its a 4 billion dollar cost to the economy for poor investment.

As Zulu points out the are many retirees tied to NG.

From a set point in time, any purchase should not be eligible for NG. Therefore leaving retirees with pre existing investments safe.
 

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