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- Jun 6, 2012
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So explain that to the average punter, because right now I think if the average punter realised how little this affects them on the one hand, and how on the other hand it's mostly exploited by those holding substantial share portfolios they would agree it stinks.
(I already disclosed I am a beneficiary of franking credits, and I think it stinks. I'll continue to benefit from them as long as they exist; I'm not crazy, but I would be more than happy to see things returned to the former sensible situation of tax free but not a tax refund.)
The average punter hey. The same average punters who are likely to vote no to The Voice. The average punter is, sadly, an idiot, and even more so when it comes to complex systems such as taxation. If we start making laws because its what the average punter wants, then we're stuffed.
I read above about GST and dealing with tradies etc, but these same people gladly accept a job for a cheaper rate when they pay cash.