Read a few months ago that the super profits tax put in by Rudd/Gillard would have covered the $400 billion we had to print to get out of COVID. Would have been nice to have had the billionaires pay that bill.Not only is it obscene that there are billionaires, who most certainly are not self made, what's worse is that we hand it to them.
As if Australia needs Gina to sell our natural resources.
Look at Norway and their sovereign wealth fund from their 'super-profits tax' on oil. Currently valued at $1.2 trillion.
Australia's national debt, $1 trillion.
and who runs a side-hustle in harvested body parts...Hands up everyone who has an economics degree and has worked in a Treasury.
Lol. You’re not a mechanical engineer or a WC rider, but feel like you can talk about bikes and riding?Hands up everyone who has an economics degree and has worked in a Treasury.
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Hey you told me you turned that camera off!and who runs a side-hustle in harvested body parts...
Do people seriously admit to this in public?Hands up everyone who has an economics degree and has worked in a Treasury.
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If anyone is interested in some interesting tidbits before they get back to slagging each other.Hands up everyone who has an economics degree and has worked in a Treasury.
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Instead we gave them millions that they didn't need. Good economic managers etc.Read a few months ago that the super profits tax put in by Rudd/Gillard would have covered the $400 billion we had to print to get out of COVID. Would have been nice to have had the billionaires pay that bill.
That's called a Tobin tax. Highly regressive as it taxes transactions and ignores wealth.I looked into the figures a few years ago, and we would be in the black almost immediately if we went down the transaction tax line.
1% transaction tax on everything. 0.5% payer, 0.5% payee. ALL other taxes, levies etc can be abolished.
Really shows just how much we are getting screwed.
Still need to make sure the big coal companies can't sell their product to a tin shed in the Caymans for pocket change, and immediately sell it back to us for billions, but that shouldn't be too hard to do.
Also, still doesn't solve corrupt governments squandering the money on unnecessary crap.
You should see what I admit to in private...Do people seriously admit to this in public?
I came 22nd in the 1998 Nationals while doing my double degree at Harvard. Prove me wrong.Lol. You’re not a mechanical engineer or a WC rider, but feel like you can talk about bikes and riding?
Read a few months ago that the super profits tax put in by Rudd/Gillard would have covered the $400 billion we had to print to get out of COVID. Would have been nice to have had the billionaires pay that bill.
Also, the number of vox pops I've heard (albeit mostly in safe Lib seats) where the person says "Libs got us through COVID" as if a Labor government would have done something wildly different to make them suffer. It's depressing that people think that bipartisan policy was all the Libs doing.Instead we gave them millions that they didn't need. Good economic managers etc.
Yep, that's how evidence works.I came 22nd in the 1998 Nationals while doing my double degree at Harvard. Prove me wrong.
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Hmm subjective. There's more things id like to get out of life that cost money. its not all just about having food and shelter and being grateful for it.More wages. You do not need more wages. Nor do I. We both own carbon fibre toys worth thousands. Yet we are not rich in the context of Australia.
I dont own a business, but i do orright. Choices, no kids yadda yadda.Well I'm assuming a bit here, I dunno if you are a normal above average wage earner with very expensive taste in bikes or you own a business/assets worth millions. On the surface you seem somewhere in between.
If youre a healthcare card holder, ie vulnerable or low income, you can get free dental IIRC. if you pay a small amount in private extras as a non vulnerable person (ie you dont really qualify for low income or a health care card) you can get basic dental pretty cheap. Paying zero tax is morally bankrupt sure. I pay taxes, but i disagree with where they go for a large part and KNOW that the government overpays for almost everything. So in quiet protest of that i will minimise where possible, legally, to prevent the govt for litterally wasting a third or more of what i give them. But that doesn't put mean the group of little to zero tax. far from it.No. This is why we can't have nice things like free basic dental. Tax minimisation is for well off people. They don't need it. I agree with @moorey it's morally bankrupt when people can pay no tax and earn loads, but those people see it as a badge of honour. Greedy cunts.
spot onNo. This does nothing and is unfair for poor people, we definitely need a sliding tax scale.
less funding for services from less taxable employees and any tax the company or its subsidiaries may have been paying. Higher unemployment with higher welfare costs. You say "fuck off", but what happens if you have a family member that needs NDIS and that the first thing that gets cut, or you lose your job and cant get by for a short time on the lower welfare and cant access mental health services because they were cut too? extreme examples but its not simple. I think if the answer was simple, these issues wouldn't exist as they do.More importantly we need to tax (or stop them avoiding tax) billionaires and huge companies. Rhetoric about companies leaving, well fuck off then.
i like this oneIt's obscene that people are billionaires. I saw a post comparing a millionaire to a billionarie in a time scale. A million seconds is 11 days. a billion seconds is 32 years.
The car industry has been a victim of its own efficiencies and success imo. They have taken what is a fiendishly complex product to make, use and run and been so good at turning it into something so basic that its customers mostly no longer respect them and treat them as disposable whitegoods.Totally wrong question. What we should be asking is "what could they manufacture when we need it?"
Retaining (and building) local capacity is essential. It can't be left to market forces because the market dictates outsourcing to the cheapest supplier. This can only work for so long.
Cars are a pinnacle manufacturing product. They may not seem like it as they are everywhere but the technology and know-how that goes into making them is mind-blowing. They are also a "large" object produced in volume. Being able to make large, complicated things in volume is very important. There is much in a car production line and its supporting local industry that can be quickly repurposed for other manufacturing, but once its gone it is very difficult to restart.
from the "no exceptions" comment? sounded to me like beeb was suggesting the tax system fix is as simple a s one rate for all and fuck the rest of teh peripheral shit.Bowed out of attempting to wax lyrically on issues I know nothing about. I'm just saying that Beeb didn't mention deductions, and I don't think he was eluding to that at all, so I'm not sue where you got that.
Wouldn't that just be another form of increase on the GST? (I have no idea)I looked into the figures a few years ago, and we would be in the black almost immediately if we went down the transaction tax line.
1% transaction tax on everything. 0.5% payer, 0.5% payee. ALL other taxes, levies etc can be abolished.
oof soverign wealth funds. Malaysia had one of those too.Look at Norway and their sovereign wealth fund
And it was stolen, thats like saying don't put your money in the bank because of bank robbers.oof soverign wealth funds. Malaysia had one of those too.