Abbott to raise the GST?

[pazza]

as long as tax break's for those earning under say 50K per year are applied at the same time i don't really have a problem with it.

I think that needs to happen.

Those who have the smallest earnings need more ready access to their income than those that don't. I'd like to think $50000 tax-free threshold could work.

 

[Gus Poyet]

How does that affect anything? This thread has denigrated into a socialist vs capitalist argument as usual. So I pointed out the successful socialist/free market hybrid countries that are doing quite well for themselves (regardless of their political setup). How does the fact that they have a constitutional monarchy affect their economic policies?

Of course it turns into that. Especially when you have one group of people all too willing to take money off one group of people to hand it out to another group of people. All of which is born out of nothing more than jealousy.


You're also talking about compact nations(in size) with relatively small populations(most are half to a quarter of Australia's population).

 

[Sydney Bloods]

I think that needs to happen.

Those who have the smallest earnings need more ready access to their income than those that don't. I'd like to think $50000 tax-free threshold could work.

Don't no if tax free completely would work but surely some large cut in their tax level needs to happen.

 

[Maggie5]

Those of you bitching about the amount of tax you pay should perhaps spend some of that money on a better accountant.

 

[mottrain]

Those of you bitching about the amount of tax you pay should perhaps spend some of that money on a better accountant.

So here's a hypocrite.

 

[madmug]

How does that affect anything? This thread has denigrated into a socialist vs capitalist argument as usual. So I pointed out the successful socialist/free market hybrid countries that are doing quite well for themselves (regardless of their political setup). How does the fact that they have a constitutional monarchy affect their economic policies?

Yes, China has no monarchy or democracy, it is the biggest single party state in the world & has the worlds biggest growth rate over the last 10-15yrs. Maybe we should all read the little red book!

I know I will now that my mate Xi Jinping is visiting our place next month. Actually its a great opportunity for Tassie. Maybe we should secede & join in with our new best Asian friends.

Stuff you running dog capitalist Aussies, we're off!!!

 

[Sydney Bloods]

Yes, China has no monarchy or democracy, it is the biggest single party state in the world & has the worlds biggest growth rate over the last 10-15yrs. Maybe we should all read the little red book!

I know I will now that my mate Xi Jinping is visiting our place next month. Actually its a great opportunity for Tassie. Maybe we should secede & join in with our new best Asian friends.

Stuff you running dog capitalist Aussies, we're off!!!

communist are all about labour and work, you tassie flith wouldn't like.

 

[madmug]

communist are all about labour and work, you tassie flith wouldn't like.

I think we would do at least as good as you Steak & kidney woofters.

 

[The Coup]

Would agree with you to a point, but there are a few people on this thread demonstrating the attitude gus refers to in his last sentence. The whole idea that "the rich can afford to give a bit more" etc.

I know we probably disagree on this issue, and the world is definitely imperfect, but I don't think that "they earn more than me so they should pay even more tax than the more-than-i-pay tax they already pay is a good enough justification for increasing tax rates. I'd rather the government look at the avoidance methods and try and clamp down on them a bit more, or remove income tax altogether and up the GST, which means the only way to avoid paying tax is to buy overseas, so would need a little more funding to ensure incorrectly valued items aren't being slipped by customs.

Either way, I don't think a truly fair tax system will come from either of the major parties.

Nah I don't go for "they earn more so tax them more" thing. But I do want everyone to contribute their fair share.

The biggest question of socialism is not who to tax though, its who gets to OWN things.

So seeing the solution to the status quo get reduced to a question of taxation is pretty lame, but its Gus and he don't know anything about socialism so who cares.

 

[The Coup]

Yes, China has no monarchy or democracy, it is the biggest single party state in the world & has the worlds biggest growth rate over the last 10-15yrs. Maybe we should all read the little red book!

I know I will now that my mate Xi Jinping is visiting our place next month. Actually its a great opportunity for Tassie. Maybe we should secede & join in with our new best Asian friends.

Stuff you running dog capitalist Aussies, we're off!!!

Communism is not love. Communism is a hammer which we use to crush the enemy - Mao Zedong

The Chinese saw what happened to the USSR when you run attempted Socialist economics in a half capitalist/corporatist world: It doesn't work because the corporates will start a bunch of s**t wars to bankrupt you, as they have no morality.

So what's the solution? Maintain the centrally planned aspects of communism, and slowly allow your markets to be opened to the Capitalist countries/system, but under strict and favourable conditions along with maintaining your own monetary control.

Then convince a bunch of greedy pigs at the top that they can make their goods in your country cheaper. Have them sack their own people and create an underclass of working poor, or unemployed. Then start up the military spending and scare the MIC into upping the ante just in case you decide to get all assertive (capitalists have short memories, they forget that China doesn't really go for expansionist wars) further bankrupting the people living within the capitalist nations.

Wait for the natural cycle to take place: Capitalists follow profit, ergo once a few start moving their businesses to the third world and you control their assets - more and more will have to do so, meaning more and more jobs disappear from the capitalist nations and head to China or within China's sphere of local influence).

The youth within the capitalist countries become disenfranchised, the baby boomers become ever more greedy and don't budge on social equity. We become more divided (China also sends over thousands of students, businessmen, spies etc. to the west during this period who support conservative capitalist governments, further causing class tensions) and BOOM socialism/equality is popular again and slowly creeping back into the popular narrative.

Wait for capitalism to over reach, then use your worldwide support network, largest population on earth, most wealth etc to promote the alternative or better yet: GET REVENGE ON THOSE ******* GWAILOS FOR TWO HUNDRED PLUS YEARS OF SLAVERY

 

[medusala]

I guess I too can be crass & suggest Merchant banking just attracts self absorbed sociopaths, the social dregs of society, But I wont lower myself.

You still have failed to address the point ie which group has higher uni entrance scores. Are you able to actually do that?

Yes, China has no monarchy or democracy, it is the biggest single party state in the world & has the worlds biggest growth rate over the last 10-15yrs. Maybe we should all read the little red book!

China is stuffed. Massive overinvestment and one child policy will ensure they are poor before they get rich. Lie upon lie upon lie

communist are all about labour and work, you tassie flith wouldn't like.

Tasmanians don't mind hard work, its the blowins like Bob Brown that stuffed the place. Hard to work when him and his idiot cohorts have locked a large % of the state up.

 

[Riseupaustralia]

Communism is not love. Communism is a hammer which we use to crush the enemy - Mao Zedong

The Chinese saw what happened to the USSR when you run attempted Socialist economics in a half capitalist/corporatist world: It doesn't work because the corporates will start a bunch of s**t wars to bankrupt you, as they have no morality.

So what's the solution? Maintain the centrally planned aspects of communism, and slowly allow your markets to be opened to the Capitalist countries/system, but under strict and favourable conditions along with maintaining your own monetary control.

Then convince a bunch of greedy pigs at the top that they can make their goods in your country cheaper. Have them sack their own people and create an underclass of working poor, or unemployed. Then start up the military spending and scare the MIC into upping the ante just in case you decide to get all assertive (capitalists have short memories, they forget that China doesn't really go for expansionist wars) further bankrupting the people living within the capitalist nations.

Wait for the natural cycle to take place: Capitalists follow profit, ergo once a few start moving their businesses to the third world and you control their assets - more and more will have to do so, meaning more and more jobs disappear from the capitalist nations and head to China or within China's sphere of local influence).

The youth within the capitalist countries become disenfranchised, the baby boomers become ever more greedy and don't budge on social equity. We become more divided (China also sends over thousands of students, businessmen, spies etc. to the west during this period who support conservative capitalist governments, further causing class tensions) and BOOM socialism/equality is popular again and slowly creeping back into the popular narrative.

Wait for capitalism to over reach, then use your worldwide support network, largest population on earth, most wealth etc to promote the alternative or better yet: GET REVENGE ON THOSE ******* GWAILOS FOR TWO HUNDRED PLUS YEARS OF SLAVERY

Seriously Jiska , I want my ******* like function back!

please.

Lovely post rj. Consider it liked.

 

[The Coup]

You know people say "The chinese just have a knack for business" ?

That isn't accidental, that is the natural result of the socialist focus on education and collective strength.

 

[Jiska]

The GST should be increased to 15% on everything. Income tax should be drastically reduced. Most importantly, government spending should be slashed.

Then if people stop spending and investing their money, the Government goes broke. Good plan.

 

[Max zero]

I think that needs to happen.

Those who have the smallest earnings need more ready access to their income than those that don't. I'd like to think $50000 tax-free threshold could work.

Due to take rebates and stuff isn't their an effective 80k tax free threshold already?

 

[pazza]

Due to take rebates and stuff isn't their an effective 80k tax free threshold already?

Not sure how you work that out.

The threshold still sits very low.

 

[Max zero]

Not sure how you work that out.

The threshold still sits very low.

Saw a link somewhere. That if you take into account family tax benefits, LITO and other concessions you are a net taker from the government till 80k or so.

 

[Slax]

The GST needs to increase if we are to allow the government to increase revenue. Along with this the threshold for overseas internet purchases needs to drop markedly.

Any increase in the GST will come with changes in tax rates and an increase in the tax free threshold. An increase to either 12.5% or 15% is most likely, if it goes to 15% then making the minimum wage that tax free threshold and linking it permanently to the minimum wage is probably fair, along with changes to the other tax brackets. Increase the GST without compensation and Abbott will consign the Libs to the oppossition benches for well over a decade.

 

[Maggie5]

The government should look at other revenue measures before resorting to increasing the GST.
Don't the all State Governments have to agree before the GST can increase? If so, can't see it happening in this or the next term as the States are hurting.

 

[madmug]

You still have failed to address the point ie which group has higher uni entrance scores. Are you able to actually do that?

A greedy self centred money hungry sociopath can have good grades too, it doesnt prove anything.
My point was a lot of people chose uni courses/professions on other things than money at the end, some have fantastic grades & chose things they like, medicine, research, science, teaching, business etc, in case you didnt know.


China is stuffed. Massive overinvestment and one child policy will ensure they are poor before they get rich. Lie upon lie upon lie.

Maybe, but the Party are doin ok & they have plenty of cash in the kitty

But yes the place has some very major issues to work through.



Tasmanians don't mind hard work, its the blowins like Bob Brown that stuffed the place. Hard to work when him and his idiot cohorts have locked a large % of the state up.

So you'd like it all chopped up then? I think some balance is a good thing. The natural environment is a very good investment for this place.
If you can be bothered I posted some other stuff on this. Yes for a balance of forest & forestry but no more Gunns cowboys & ecotourism is & will be big $$ in the near future.
Bob has gone, you need to move on.

 

[Jiska]

China is stuffed. Massive overinvestment and one child policy will ensure they are poor before they get rich.

One child policy? Perhaps you need to do a little research on that one.

Which country to you think owns the largest slice of US Government bonds? I think you'll find that China is a hell of a lot richer and powerful than you may think.

 

[medusala]

One child policy? Perhaps you need to do a little research on that one.

Yes the one child policy.

http://www.zerohedge.com/node/477976

.[/QUOTE]Which country to you think owns the largest slice of US Government bonds? I think you'll find that China is a hell of a lot richer and powerful than you may think.[/QUOTE]

The Fed.

China has been lying for years about everything. Their export numbers, gdp numbers, inflation numbers etc are all nonsense.

http://aftertheshift.blogspot.co.uk/2014/01/who-are-top-holders-of-us-treasurys.html

 

[Riseupaustralia]

One child policy is just fine, until you have enough money to make it a 2 child (son), 3 child(son)....7 child(son) policy.

If you don't have enough money, the 'spare' baby can be eaten, turned into traditional medicine or sold onto childless couples.

 

[medusala]

The natural environment is a very good investment for this place.

There is very little money in ecotourism in Tas the state has been trying that for 20 years. Hasn't worked. Pipe dream. Not only that but thousands of blue collar jobs were sacrificed for it. People in Hobart might not get that given all the public sector cash there but the rest of the state does.

 

[Maggie5]

One child policy is just fine, until you have enough money to make it a 2 child (son), 3 child(son)....7 child(son) policy.

If you don't have enough money, the 'spare' baby can be eaten, turned into traditional medicine or sold onto childless couples.

Love the pic. Charlie C?