Beoz

Well for the loonies, there's the tax changes for the wealthy super people. There's the tax avoidance chase.

To balance the tax avoidance chase and keep the multi's employing there's the corporate tax cuts, which also keeps us competitive. You just need to look at the global corporate tax rate and Australia is one of the highest by far.

Not really sure there is much wriggle room right now when you are moving your economy from a mining based one to something else.

Is it enough to win an election? Well probably as the competition has nothing unfortunately. Lack of competition is a bad thing.

the troubadour

Does go anywhere near enough going after the tax avoiders, but at least something.
Nothing to help the needy in Australia, with a third of pensioners living below the poverty level.


Just how long can an economy survive on housing activity and population Ponzi we shall see.

Vash the Stampede

Bolt's take on Morrison's budget:

(Source).

the troubadour

I doubt there will be much at any stage for the mass of people. Turnbull more likely to be occupied listening to those keeping him in power and policy that will suit the flawed agenda, wheeled out in the name of job creation.


Meanwhile rising inequality will continue at speed while home purchase becomes ever more unavoidable until the rapture.


A time of ire and anger perhaps? The pitchforks and flaming torches? Alas not really part of the Australian psyche it may be fair to say.

Beoz

Hardly

Perth house prices are plummetting so you no doubt will be picking up the scraps.

Melbourne and Sydney has the problem.

Amazulu

So why is mass 3rd world, islamic migration into Germany and Austria a good thing but controlled, orderly migration into Australia a Ponzi scheme?

This is going to be interesting

BadgeIsBack

I took one look at the thread title and thiught : when will Labour governments learn that no one is impressed with trade union antics and high spending and playing the chip on the shoulder card? I would never vote for a party that supports unions : some of the stories that emerge from the way union officials deal and bully companies is pathetic. It's clear that many Labour politicians are doing well for themselves why are they even in the Labour Party? (!)

I support looking after the needy but I don't support politicians who play the battler card.

BadgeIsBack

I think we need to be careful about the whole Scandinavian myth : those nations look cool and are admired from afar, cliched in much the same way Australia is: under the surface there are a lot of issues. Cost of living, high suicide rates. Even the cost of booze. There's a lot of grumbling in Denmark.

It's not all bikes, gang bangs and saunas (he he)

BadgeIsBack

Hmmm... A big fan of Ozzie (Hi Mate) but I don't get trade unions : why would you want to participate in a culture that actually degrades you in the name of looking after you?
I've met trade union types and they have very entrenched notions of working conditions that seem almost childish and dependant on one level..with a job on one hand but almost like a welfare bum.. if these officials put as much time into education and career as into their activism they wouldn't need to be in a trade union. It's actually astonishing for the average professional(!)

GarryP

I would never vote for a party that supports corporations : some of the stories that emerge from the way directors deal and bully staff is pathetic.

I issue with unions tends to be that the people 'operating' them tend not to be the best businessmen or negotiators. They tend to take a quite simplistic and 'behind the curve' viewpoint that allows the more switched on MBAs to run rings around them (usually aided by bias bad laws written by far right wingers). I've literally seen it happen, planned, etc.

Beoz

What?

Corporations through corporate tax, through income tax, through sales tax, etc pay for your school, medical, roads, and the like. Are you sure you just didn't write that in anger? They provide for everyone.

What do unions provide for everyone? Well considering 80% of us are not in one, and those that are, most probably find no value, they provide near enough to nothing.

GarryP

It's called taking the piss out of your very biased and one-sided perception of unions by turning your words about.

Corporations are allowed to exist purely because of the net benefits they provide for society. They are not benevolent providers, they are a necessary evil that have a focus on extracting money from the public, not giving it. Hence why 'tax' is needed in the first place, and why allowing them to get out of control and buy politicians is such a danger.

Unions are cute little kittens in comparison.

Amazulu

Spot on. There are a lot of myths about the perfection of Scandinavia. Australia, warts and all, is wealthier and healthier than all of them apart from Norway, has less government debt and private debt in the same ballpark. COL is also generally higher there

They practice a form of socialism - group think, excessive government interference in people's lives etc - that most other western countries would find unacceptable

Danes are nice people but I have met many of them - especially the more ambitious - who are scathing of their country. The only Danes I know in Australia hate Denmark - too materialistic and image conscience for them, among other things

Beoz

That's the poorest, backed into the corner comeback I've ever heard you massage.

Amazulu

Why is 12.5% corporate tax acceptable for Ireland but 25% in Australia too low?

12.5% punched Ireland's economy to the next level. Corporations saw things that they liked - low tax, a highly educated, English speaking workforce, a member of the EU - and piled in

Yes, their low corporate tax has skewed the benefits of global trade towards them at the expense of most nations but we are not seeing the opportunities here - we should become Ireland and also have 12.5% corporate tax - as long as the companies that move here reinvest, manufacture, train etc. Sure, it could be a difficult transition but in the end we would be better off and an already richer country would get even richer

Unless all nations act together, corporations will always make plans to pay the lowest tax - and so they should (anyone who pays more tax than they legally should is a f**kwit). Let's play the game to our advantage