it turn out to be right to ban the live export , unlike this incompetent government who reversed itNot to mention the live export ban, an even more idiotic attack on an industry which has been vital to Australia for 200 years.
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it turn out to be right to ban the live export , unlike this incompetent government who reversed itNot to mention the live export ban, an even more idiotic attack on an industry which has been vital to Australia for 200 years.
What were some of Labor's policies last time???The worst government in Australia's political history is clearly the current one.
Let's screw the nation for ideological reasons.
2 more years of backwardsness then bye bye Phony Tony.
No it didn't. There has been proof absolutely reaming Gillard's choice on this.it turn out to be right to ban the live export , unlike this incompetent government who reversed it
What were some of Labor's policies last time???
Carbon Tax - Totally a joke. Could've had emissions trading earlier on but chose not to terribly.Carbon Tax and Renewable Energy. Positive long term moves for the future and moving to a emissions trading scheme.
Mining Tax to ensure the rich tax dodgers pay their fair share of tax, which the rich tax dodgers have never done.
Gonski on education.
I could easily go on.
Unlike the joke that is the $7 GP Tax and so on.
I'm so sorry. I've just gone and had a look at the final AEC figures, (the figures I used were from my own archive sourced about a week after the federal election) and it turns out that Medieval Tones and his mob of extremists actually had a massive 1.56% swing to them, as opposed to the 1.47% I quoted , the ALP had a 4.61% swing against them(4.47% my quote) and the other extremist party, Family First, a .84% swing away(I said .87%).You sure about that?
Carbon Tax - stupid compromise from the planned emissions trading scheme that was planned and would of worked a lot better. Compromised policies fail.Carbon Tax - Totally a joke. Could've had emissions trading earlier on but chose not to terribly.
Mining Tax - Total Failure. Why implement a costly tax that lost money and also doomed itself from the outset.
Gonski - A set of reforms that were partially disproven to work or to be beneficial and above all the ones that Labor wanted to implement weren't even funded.
The GP Tax - This is being complained about after ironically the party complaining was the one who was at the forefront of bringing copayment charges into Medicare in the first place.
I saw Cormann this morning claiming that the super changes will mean that employers will be able to pay their staff more. Now it's a commonly accepted view that people's inherent selfishness is one of the reasons that communism failed, in what fantasy land does Cormann live in where employers, given this chance to trouser a few extra quid will magnanimously choose to share this piece of good fortune with their workers.
Not to mention the live export ban, an even more idiotic attack on an industry which has been vital to Australia for 200 years.
Mining Tax - again another stupid compromise on the original Mineral Resources Tax which also would of worked. Again proving compromised policy = failed policy.
This is very much so for Australia where we currently are rated AAA by all 3 major ratings agencies (the previous Labor government are the only government in Australian history to achieve this) which means that we currently access funds much cheaper than other countries..
The problem with the budget is a revenue one. Which just makes no sense why this useless government of kleptocrats would remove 2 revenue measures put in place by Labor: the Mining Tax and the Carbon Tax. On one hand they say it's hurting big mining companies and then on the other they say its raising no revenue..............which one is it then? If they are raising no revenue then why not give both these policies some legs instead of getting rid of them entirely?
Why do you think it would have worked? Yesterday a bank forecast an iron ore price of $75. At that price its likely only BHP and Rio would make money. Given that everyone else would be losing money and as below get reimbursed (Twiggy would be one happy camper one assumes) one wonders the likelihood of the "tax" actually costing taxpayers money. The original estimate for revenue collection was absurd because Treasury was too lazy to get the state numbers for royalties and put in extraordinarily optimistic price assumptions for iron ore based on the best terms of trade for 100 years. Imagine Australian taxpayers subsidising cheap Chinese iron ore via Fortescue.
It just showed how deluded and ignorant of the real world Treasury was (ie Henry saying even at 90% rate investment wouldn't be affected) and how deeply out of his depth Swannie was.
One of the worst public policy decisions made by an Australian government in the last 30 years.
http://www.abc.net.au/news/2010-06-03/truth-lies-and-minerals-tax-the-rspt-debate/853264
Technically, it works like this.
- The Government will provide companies with a tax credit for 40 per cent of the project costs or project losses. That, in theory, gives the company a "risk free" investment and, in effect, gives the Government a de facto 40 per cent interest in every resources venture
Fitch coverage started when? Oz 10 year bond rate is where compared to Gilts and Treasuries? Where do you get the above information from? Fairfax?
It can be both simultaneously. It is called compliance cost.
All have been broken and lies exposesPrime Minister Abbott and the Coalition to have made five promises to me prior to the election.
1) Stop the boats.
2) Abolish the carbon tax.
3) Abolish the Mining Tax.
4) Get the budget back under control.
5) Return responsible, adult government.
.
Like Morgoth et al? Probably all off making moolah on the basis that if the electorate is stupid enough to vote back in the return of the people smuggler boats, the NBN and a further major debt and deficit blow out - plus everything else, then good luck to them.
I know I wouldn't be posting here still except that I've made my moolah and with time on hands -thanks to Paul Keating, Peter Costello, Kevin Rudd and Stephen Conroy. I'm actually surprised at the number of coalition posters who are bothering to post here at all - same old dreary spin from the True Believers we've had for 6 whole years of government. Should be left to talk to each other.
One way is just enough. Easily better than the last govt simply due to mining and carbon taxes which were an idiotic attack on Australia's most vital industry.
Facts you say, all I perceive is fingers in the ear and economic misology. The last govt wasn't as bad as Whitlam but it comes second post war. Easily.
Do you think it is a good idea to shift the burden of debt across to the private sector (which is in debt up to their eyeballs) who don't have the same ability to raise revenue by increasing taxation at anytime they see fit?
Out of curiosity, do you also disagree with the multi-billion dollar subsidies which governments provide to these industries?
At least this comment had some merit than Medusala's. The carbon tax and mining taxes attacked the mining industry about as much as Carlton attacked Port Adelaide in Round 21.Not to mention the live export ban, an even more idiotic attack on an industry which has been vital to Australia for 200 years.
Gee, Xsess, if only you told the rest of Australia about the five 'really, really real, core, signed-in-blood and not dead, buried and cremated' promises of the Liberals.Prime Minister Abbott and the Coalition to have made five promises to me prior to the election...
Bollocks. IIRC Rudd's one was far more comprimised in the amount of compensation it gave out. Gillard's was a comprimise with the Greens, that was then comprimised back into a more globally-connected view when the price was linked in with Europe. I'm not sure what you think an uncomprimised version would've looked like, but all policy is a comprimise and there is often very little wrong with that.Carbon Tax - stupid compromise from the planned emissions trading scheme that was planned and would of worked a lot better. Compromised policies fail.
People on BF claim the first one was a mess and the second one better. The second one was famously brought about after negotiations with only the big 3 miners. Frankly I don't trust the mining community to give a fair assessment of the potential effects of the tax. The fact it is routinely called an 'industry killer' as well as 'completely ineffective' suggests that this idea never got fair treatment once the miners mobilised their millions to fight it/spread misinformation.Mining Tax - again another stupid compromise on the original Mineral Resources Tax which also would of worked. Again proving compromised policy = failed policy.
If you didn't get your head around it, then it explains why you think it was dodgy. From what I saw it was all very sensible, while being very expensive. But education pays for itself, as the economy improves with better educated contributors.Gonski - really never got my head around this, was messy and clumsy. Had some very good parts to it, but they were all tied in with a bunch of crap. Much better to go back and rework it into something practical. That said Vocational Education needs a massive funding boost.
On Insiders they were talking about how they thought the Sunrise effect made Rudd's ego even worse as he thought his TV popularity meant he knew better than everyone else. His management style was his biggest downfall, but I think of him as largely an extension of Howard's time. Howard was wasting lots of money at the end of his tenure, and more concerned about media relations than policy.Tony Abbott is worse than Kevin Rudd (I actually can't believe I typed that but I can't find anything to help convinence me otherwise)
It would be nice, but it isn't such a bad thing to have such an obvious example of Murdoch chutzpah on hand. Anyone who has been on here longer than a year knows Coalition posters dominated the boards for a long time, yet GJ types here that it's all lefties... Spinderella.Please, please go with this thought and stop posting forever.
Bollocks. IIRC Rudd's one was far more comprimised in the amount of compensation it gave out.
Frankly I don't trust the mining community to give a fair assessment of the potential effects of the tax..
Yes. Treasury often gets it wrong in forecasting, but that's the point of forecasting. You are guessing at what might happen. Economies are fluid, the dollar floats, the world changes. It's called the free market. You should look it up - you might like it.Are you telling me you seriously would take the word of Treasury and Swannie over the mining industry?
I have criticised a number of Labor policies on BF. Asylum seekers would be the most prominent if you want to go looking.NB is there any policy(s) of Gillard that you would criticise?
Which subsidies are they? Could you please enlighten us?
You really don't know? I would have thought that someone who abhorred taxes on industry would feel the same way about concessions and subsidies, but you don't think they even exist?
Most people (except the libs ofcourse) believe that Labor's stimulus package, at least the first round, was good economic policy and much more effective at maintaining economic growth than austerity related policies implemented in the UK and Greece (and what this current government are implementing right now here in Aus).