Bye bye Liberal Government..... will you ever learn.
May 23rd 2018, 6:39 am
#1261
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Bye bye Liberal Government..... will you ever learn.
Instead investors should not be rewarded for bad investments. If you invest, your problem if the rental income can't support the mortgage and other costs. Not the tax payers.
Unfortunately NG is here to stay. Too many mums and dads, and the less wealthier investors have too much too lose if it was abolished. As I said before wealthy people don't need NG. They don't make losses on bad investments.
Your hatred towards the wealthy tripped you up there.
May 23rd 2018, 10:47 pm
#1262
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Bye bye Liberal Government..... will you ever learn.
Negative gearing: Four graphs that show it is mostly for the rich | afr.com
http://www.afr.com/news/policy/tax/s...0160214-gmu3xi
Last edited by bcworld; May 23rd 2018 at 10:49 pm.
May 23rd 2018, 11:31 pm
#1263
MODERATOR
Joined: Sep 2009
Location: Adelaide
Posts: 29,870
Re: Bye bye Liberal Government..... will you ever learn.
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
May 24th 2018, 3:45 am
#1264
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Bye bye Liberal Government..... will you ever learn.
It was a question, that was all. No need to get defensive.
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
Good to see them recognising that the wealthy (and we are looking at the top 3% or there abouts) are giving well and beyond what general Joe Blow gives them credit for and acting on the unfairness found.
Such a shame we have the ALP and The Guardian who are so intent on lying about what the wealthy contribute to society.
May 24th 2018, 5:38 am
#1265
snɐןɔ ʎʇıuɐs
Joined: Nov 2006
Posts: 6,558
Re: Bye bye Liberal Government..... will you ever learn.
Ooo, this is going to set the fox amongst the rats. Particularly certain far right journalistic rats. Elon Musk has set up a company/website where you can rank the trustworthiness or “the core truth” of an article, journalist, newspaper, website, etc. - calling it "Pravda".
What's that I hear? The sound of a thousand far right demagogues sharpening their knives?
How long before the plaintive cry of "fake news" is met with a "I have a Pravda score 8.4 I'll have you know".
Elon Musk: Pravda project takes on journalism
What's that I hear? The sound of a thousand far right demagogues sharpening their knives?
How long before the plaintive cry of "fake news" is met with a "I have a Pravda score 8.4 I'll have you know".
Elon Musk: Pravda project takes on journalism
May 24th 2018, 6:19 am
#1266
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Bye bye Liberal Government..... will you ever learn.
It was a question, that was all. No need to get defensive.
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
Thank heavens we have GST or that bottom half would be paying virtually no tax. Economics 101 shows us that consumption taxes are one the most efficient forms of tax. It should be higher and income tax should be lower but no political party has the will to implement this as the libtards would scream them down. Everyone should pay some income tax on everything they earn - so no 18k tax free allowance - even if the rate at the lower end is, say, 2-5%. Everyone shares the services that taxation pays for so everyone should pay for them
May 24th 2018, 6:36 am
#1267
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Bye bye Liberal Government..... will you ever learn.
It was a question, that was all. No need to get defensive.
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
There is plenty of evidence that the Liberals would like the same. The budget papers show they are aiming for a flat tax for everyone earning up to 200k.
There is also past evidence that they have looked at this previously, but dismissed it as it places too heavy a burden on the low paid, which it surely would
I'd accept a flat tax as long as the tax free allowance was raised to something like around $50k to $80k to protect those low earners, but I fear that if we were to do so that flat rate would need to be around 35% or more for all (no evidence, just gut feel and my opinion not fact)
No body has yet explained just how Australia would maintain anything akin to a modern welfare state, if the Coalition had their way and cut tax for Big business (totally unwarranted and uncalled for, not to say ineffective) as well as create a largely 'flat tax' for a least a great per cent of the population.
Hopefully people of goodwill, regardless of their individual situation, will speak out in ever increasing numbers with ever increasing volume against a raft of proposals totally at odds with the well being of the country.
May 24th 2018, 6:43 am
#1268
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Bye bye Liberal Government..... will you ever learn.
That's nice but none of this alters the fact that over half of income taxpayers (the bottom half) take more out of the system than they put in. From that it can easily be deducted that the highest paid, pay by far the most income tax
Thank heavens we have GST or that bottom half would be paying virtually no tax. Economics 101 shows us that consumption taxes are one the most efficient forms of tax. It should be higher and income tax should be lower but no political party has the will to implement this as the libtards would scream them down. Everyone should pay some income tax on everything they earn - so no 18k tax free allowance - even if the rate at the lower end is, say, 2-5%. Everyone shares the services that taxation pays for so everyone should pay for them
Thank heavens we have GST or that bottom half would be paying virtually no tax. Economics 101 shows us that consumption taxes are one the most efficient forms of tax. It should be higher and income tax should be lower but no political party has the will to implement this as the libtards would scream them down. Everyone should pay some income tax on everything they earn - so no 18k tax free allowance - even if the rate at the lower end is, say, 2-5%. Everyone shares the services that taxation pays for so everyone should pay for them
Here's a thought. Go after those that consider themselves 'above' the need to contribute towards society as well as the vast amounts squirreled away in tax havens.
May 24th 2018, 6:53 am
#1269
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Bye bye Liberal Government..... will you ever learn.
Sorry but your placard waving has clouded your judgement. NG if anything helps keep rent low because the tax payer supplements the loss.
Instead investors should not be rewarded for bad investments. If you invest, your problem if the rental income can't support the mortgage and other costs. Not the tax payers.
Unfortunately NG is here to stay. Too many mums and dads, and the less wealthier investors have too much too lose if it was abolished. As I said before wealthy people don't need NG. They don't make losses on bad investments.
Your hatred towards the wealthy tripped you up there.
Instead investors should not be rewarded for bad investments. If you invest, your problem if the rental income can't support the mortgage and other costs. Not the tax payers.
Unfortunately NG is here to stay. Too many mums and dads, and the less wealthier investors have too much too lose if it was abolished. As I said before wealthy people don't need NG. They don't make losses on bad investments.
Your hatred towards the wealthy tripped you up there.
The super wealthy, (I certainly don't include you in that, so try and remain cool about it) bring on hatred towards themselves. Your continued advocating (indeed, loudly applauding)for that sector is increasingly isolating you from the rest od society, which I believe, is increasingly fed up to the back teeth with the goings on of the wealthy, government, banks, real estate, over flooding immigration, cutting of services, complete disregard for the vulnerable.
May 24th 2018, 7:19 am
#1270
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Bye bye Liberal Government..... will you ever learn.
If you creased reading neoliberal text books you just might arrive at a partial truth. In theory the rich pay more tax, but in reality, as most should now know, they do not through creative accounting. Of course those with means should pay more. Reason why a progressive tax is fairer. No GST while it will ensure all pay the impost, it further burdens those of less means by adding to overall cost.
Here's a thought. Go after those that consider themselves 'above' the need to contribute towards society as well as the vast amounts squirreled away in tax havens.
Here's a thought. Go after those that consider themselves 'above' the need to contribute towards society as well as the vast amounts squirreled away in tax havens.
My comments on tax are based on reading about and understanding economic reality - not on the opinion of someone with an axe to grind on an internet forum Herman
Some higher income earners are reducing their tax burden significantly, most are not - if all did, a lot of income tax would have to forgone by the Commonwealth - which is raking it in at the moment. What is an indisputable fact is that more than half of income tax payers take more out of the system than they put in. Therefore, the rest of the taxpayers have to carry these people - which is why our tax rates for higher earners are so onerous. It ain't rocket surgery Herman!
May 24th 2018, 7:23 am
#1271
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Bye bye Liberal Government..... will you ever learn.
NG can and should be reigned in as it has caused undue damage. It has long been disproved that rents rise and I believe I have had this conversation with you on previous occasions explaining why it is bad and add fuels to the fire. Of course wealthy use it. Just a neoliberal attempt at justification to continue insisting it is lower middle class benefiting. I know it came out the mouth of Morrison, (need say more)
The super wealthy, (I certainly don't include you in that, so try and remain cool about it) bring on hatred towards themselves. Your continued advocating (indeed, loudly applauding)for that sector is increasingly isolating you from the rest od society, which I believe, is increasingly fed up to the back teeth with the goings on of the wealthy, government, banks, real estate, over flooding immigration, cutting of services, complete disregard for the vulnerable.
The super wealthy, (I certainly don't include you in that, so try and remain cool about it) bring on hatred towards themselves. Your continued advocating (indeed, loudly applauding)for that sector is increasingly isolating you from the rest od society, which I believe, is increasingly fed up to the back teeth with the goings on of the wealthy, government, banks, real estate, over flooding immigration, cutting of services, complete disregard for the vulnerable.
May 25th 2018, 12:12 am
#1272
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Bye bye Liberal Government..... will you ever learn.
Well if what you say there is correct then good on them for being fair. Firstly for looking to be fairer then acting on the findings.
Good to see them recognising that the wealthy (and we are looking at the top 3% or there abouts) are giving well and beyond what general Joe Blow gives them credit for and acting on the unfairness found.
Such a shame we have the ALP and The Guardian who are so intent on lying about what the wealthy contribute to society.
Good to see them recognising that the wealthy (and we are looking at the top 3% or there abouts) are giving well and beyond what general Joe Blow gives them credit for and acting on the unfairness found.
Such a shame we have the ALP and The Guardian who are so intent on lying about what the wealthy contribute to society.
Shame also that others of good intent, outside of ALP and Guardian do not take up the chalice and speak on behalf of actual people. Not an ideology proven to be broken, while in the meantime doing great damage to the capitalist brand . (not to say democracy)
How about the wealthy getting ever wealthier? Time they were held to account in their dealings. You applauding the top few per cent controlling more wealth than the majority , is quite frankly appalling. But the crux of the issue being of course they should pay more tax.
May 25th 2018, 12:17 am
#1273
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Bye bye Liberal Government..... will you ever learn.
You have tried to pass this of before and it has been explained to you. It is not the same. Hence Germans are not in the mess Australians find themselves in. There has been an increase in home ownership in recent times in Germany, (but still low) due to lack of interest rates and other options. Australia and I believe New Zealand are pretty much alone in the ridiculous NG system as
May 25th 2018, 12:18 am
#1274
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Bye bye Liberal Government..... will you ever learn.
The shame lays with your thinking vast earners shouldn't pay more by pure virtue that they can afford to pay more. They never pay their full share, so why always complain on behalf of a small segment that is well and truly able to 'look after' own financial affairs?
Shame also that others of good intent, outside of ALP and Guardian do not take up the chalice and speak on behalf of actual people. Not an ideology proven to be broken, while in the meantime doing great damage to the capitalist brand . (not to say democracy)
How about the wealthy getting ever wealthier? Time they were held to account in their dealings. You applauding the top few per cent controlling more wealth than the majority , is quite frankly appalling. But the crux of the issue being of course they should pay more tax.
Shame also that others of good intent, outside of ALP and Guardian do not take up the chalice and speak on behalf of actual people. Not an ideology proven to be broken, while in the meantime doing great damage to the capitalist brand . (not to say democracy)
How about the wealthy getting ever wealthier? Time they were held to account in their dealings. You applauding the top few per cent controlling more wealth than the majority , is quite frankly appalling. But the crux of the issue being of course they should pay more tax.
The facts speak for themselves. Care to explain?
The top 10 per cent of taxpayers - with taxable incomes of more than $105,500 - paid 46 per cent.
The bottom third paid less than 5 per cent
Are you deluded or what?
May 25th 2018, 12:22 am
#1275
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Bye bye Liberal Government..... will you ever learn.
Ooo, this is going to set the fox amongst the rats. Particularly certain far right journalistic rats. Elon Musk has set up a company/website where you can rank the trustworthiness or “the core truth” of an article, journalist, newspaper, website, etc. - calling it "Pravda".
What's that I hear? The sound of a thousand far right demagogues sharpening their knives?
How long before the plaintive cry of "fake news" is met with a "I have a Pravda score 8.4 I'll have you know".
Elon Musk: Pravda project takes on journalism
What's that I hear? The sound of a thousand far right demagogues sharpening their knives?
How long before the plaintive cry of "fake news" is met with a "I have a Pravda score 8.4 I'll have you know".
Elon Musk: Pravda project takes on journalism
But it has to be said, Musk is on a mission to capture the hearts and minds of the far left. He needs to be careful. He has already tripped up several times. You can't keep beating that rhetoric without throwing in a for stretched truths here and there.