The Meeting Place > Political > Lies, lies and more lies.

Lies, lies and more lies.

Daisy

9 yrs ago

Another good article by Waleed Aly in today's Sydney Morning Herald.

Job done: Tony Abbott promises dull budget, but when did Australia's debt become manageable?

Sorry, can't make it blue.

First Prev1 2(page 2/2)

17 comments

The problem with our revenue raising is that it relies too heavily on personal income tax so not encouraging intiative and company tax ith only 12 companies paying 70 per cent of company tax collected .

Australia cannot act alone to collect tax from Mulinationals . This is a major problem especialy for the United States . Even if we were to collect more tax from the likes of Apple Google it would not solve our basic structural deficit of the Govt simply spending too much .....

Pete, we are very reliant on the iron ore price and it has dropped so low that we are losing billions and billions of dollars.

When Labor were in power their forward projections were based on a high iron ore price...it is now, today, around $47 a ton. Less than half what it was.

No matter who is in power it is going to be an extremely difficult job to get the Budget right.

I am still waiting to hear how Bill Shorten will solve the problem when/if he gets the top job....after reading the transcript of his recent interview with Jon Faine...I despair!

http://billshorten.com.au/radio-interview-abc-774-with-jon-faine-tony-abbotts-unfair-budget-100000-degrees-tony-abbotts-gp-tax

PlanB

9 yrs ago

Bill sure is not stepping up to the plate but Abbott is a REAL worry, he just carries on enjoying his importance and not looking into anything

Daisy

9 yrs ago

The Gillard Labor government wanted to tax Superannuation earnings (not income but earnings) above $100,000 per annum and the Coaltion opposition at the time howled it down. Labor introduced the mining super profits tax and the Carbon tax which the Abbott government has done away with. The Howard government failed to plan well for the future when it rode the wave of 'good times', instead frittering away billions on middle class welfare which the Rudd, Gillard and now Abbott governments continue/d to dole out. In my view Labor made some good moves which the Coalition has undone but both sides have failed to undo Howard's bribes to middleclass Australians.

Howard biggest mistake IMO was family tax credits . Pure middle class welfare . One of his successes was putting Mining Boom tax to the future fund to relieve future generations of Paying civil servants pensions..

Howard made mistakes, as they all do, but there is no getting away from the fact that they left the Labor government with a surplus of $20 billion.

Daisy

9 yrs ago

The Howard government was the biggest spending government in our history but didn't spend wisely.

That is not true the Current Govt is every govt spends more as our economy grows. What would be far more interesting is to see a graph of govt spending to GDP over the years ...

PlanB

9 yrs ago

Radish they might have left a surplus -- after selling off the assets -- but also the Lab' got us out of the $hit in the GFC

First Prev1 2(page 2/2)

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Lies, lies and more lies.

Job done: Tony Abbott promises dull budget, but when did Australia's debt become manageable?

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