Budget 2012, travel losers

[markis10]

I am surprised no one has mentioned the living away from home allowance?

 

[KLN]

oh thank god it is the 1st sept. am back in june. how come they didn't notice the 24 packs i bougt hime last month..........hahahah.... 2 packs of cgbarettes what a joke!

 

[medhead]

The only rubbish is what is actually happening/happened

This budget is just a wealth redistribution scheme, with the promised business tax cuts scrapped

Desperate money grab and massive cuts to simply attempt to fund a small surplus.

IF there is actually a 1.5 Billion or above, surplus next year, I'll shout a random member on here a trip to the OOL lounge in J on VA from MEL or SYD

Mark my words!

Yep and the opposition response is happening and it is rubbish. Serious both main political parties do exactly this type of cough.

But it is interesting to see the outrage when the ALP does exactly what the opposition has demanded - budgeted a surplus. As I said the opposition has said their surplus would be bigger (a statement that proves they are unfit of government in itself) and so the opposition cuts and cash grab would be even bigger.


Sent from the Throne

 

[medhead]

Gotta say the 30% on super for those on over $300k seems a bit harsh. Still the super guarantee will just about use up their consessional cap anyway. Plus I still think 30% tax is better than 45%.

I am surprised no one has mentioned the living away from home allowance?

I wish I knew how to get it.


Sent from the Throne

 

[munitalP]

Yep and the opposition response is happening and it is rubbish. Serious both main political parties do exactly this type of cough.

But it is interesting to see the outrage when the ALP does exactly what the opposition has demanded - budgeted a surplus. As I said the opposition has said their surplus would be bigger (a statement that proves they are unfit of government in itself) and so the opposition cuts and cash grab would be even bigger.


Sent from the Throne

Medhead. It's not about the opposition. It's about a bunch of F Wits who are ruining this country we live in, it's about Lame Swann stealing from my pocket and giving it to low income earners, it's about the inability to govern with a surplus without hurting business. Nup, it's not about the opposition.

 

[albatross710]

Medhead. It's not about the opposition. It's about a bunch of F Wits who are ruining this country we live in, it's about Lame Swann stealing from my pocket and giving it to low income earners, it's about the inability to govern with a surplus without hurting business. Nup, it's not about the opposition.

If we live in a democracy and 70% of the people don't want Julia...can't we get rid of her?

 

[medhead]

Medhead. It's not about the opposition. It's about a bunch of F Wits who are ruining this country we live in, it's about Lame Swann stealing from my pocket and giving it to low income earners, it's about the inability to govern with a surplus without hurting business. Nup, it's not about the opposition.

Sorry if I like to judge the alternative on their words. It's all well and good to sink the boot where warranted. But there is little point in ranting if there is no viable alternative. I look at the words of the alternative and they have nothing of substance to offer. They have offer no alternative vision. All they say is ours would be bigger.

It is also hard to support your claim that money is being given to low income earners. Sole parents are have their money slashed for one thing. I'm most likely going to get one of these family payments and I'm not a low income earner.

I'll also probably have to pay it back due to unexpected one off income. Now that hits on my biggest annoyance, paying for a public service to recycling money. A system of recycling that was a core part of the Howard/Costello approach and neither side will address it or my other annoyances. So I see little point in getting excited about this cough. It's bad for my heart.


Sent from the Throne

 

[Hvr]

If we live in a democracy and 70% of the people don't want Julia...can't we get rid of her?

I suspect that like 97% of statistics this is made up hyperbole.

A democracy means we have elections at regular intervals, not when the baying crowds don't get their immediate wants and desires no matter how outrageous they are.

Come the next election the people will deliver a vote, the party with the most seats will form government and if the current government is defeated (most likely) then they will leave office in a calm way. We are one of the very few countries where this is a given.

That is democracy, not having an election whenever Tony Abbott and the Coalition demand one. When they are in government they will choose the timing of the election. They should shut up on this matter and focus on whatever perceived shortcomings they believe exist in the current government.

Of course having some new policies that benefit all Australians would help rather than waiting for the mining lobby and big business to tell them what tax breaks they want. Workchoices MkII will not help Australian society achieve its goals.

We desperately need governments who can start planning for a longer term than the next one-two election cycles. What type of society will we have in 50 years? How will we achieve it? Whilst many things will intervene to change what actually eventuates we need to have a vision that we are moving towards rather than hoping everything will turn out ok.

Of course some major infrastructure building would be useful, but look at the outcry with the NBN. It is essential and when it is laid out then private enterprise will demand it be handed over to them because they will supposedly run it better. Yet they don't want to invest in it, they just want corporate welfare.

 

[drron]

You should watch lateline or something. Firstly, spending has been cut the be roughly the same as under the previous government as a % of GDP.

Then there was the performance of Andrew Robb - "We'll have a surplus of 1% of GDP". ~ 10 times the ALP surplus, with absolutely no statement of how they would do that. There's plenty of rubbish going around.


Sent from the Throne

well it has done except for just a little sleight of hand.first at least 1.5 billion of spending has been brought forward until June.Oh dear that means the surplus is illusory.
Second there are at least 2 big ticket items off the balance sheet-the NBN and Green companies scheme-47 billion even if you take the Government estimates of cost.Interestingly if an Australian company did this they would find that it is illegal.So the Government doesn't obey the standards it sets for our companies.

Yep and the opposition response is happening and it is rubbish. Serious both main political parties do exactly this type of cough.

But it is interesting to see the outrage when the ALP does exactly what the opposition has demanded - budgeted a surplus. As I said the opposition has said their surplus would be bigger (a statement that proves they are unfit of government in itself) and so the opposition cuts and cash grab would be even bigger.


Sent from the Throne

Well if it really is a surplus I would applaud but see above.Completely illusory.
Then there is Wayne's track record-last May he announced that this financial year there would be a deficit of 22 billion.At the moment it stands at 44 billion.Fantastic forecasting record.
But I do agree with you that the Opposition's financial policies are no better just different.

 

[muppet]

well it has done except for just a little sleight of hand.first at least 1.5 billion of spending has been brought forward until June.Oh dear that means the surplus is illusory.
Second there are at least 2 big ticket items off the balance sheet-the NBN and Green companies scheme-47 billion even if you take the Government estimates of cost.Interestingly if an Australian company did this they would find that it is illegal.So the Government doesn't obey the standards it sets for our companies.

It's called Underlying Cash Basis and was introduced by Costello so Johnny couldn't claim selling Telstra created an income surplus and spend it.

 

[kamchatsky]

How did Wayne do with his 2011/2012 Budget now that he has pushed these new hand outs ino it? Stuffing the cash payments out before 30th June to keep them out of his numbers is not how to get a true surplus next year.
Looks like he was out by only 27 billion up from 17 billion on last years Budget night. This guy is a First Class Idiot but that is only my personal opinion.
The damage that he has wreaked on Australia will take more than a decade to fix.
Mercifully the use by date on his forehead is coming up and he may have only one more to go to be able to win that coveted prize of "Australia's worst ever Treasurer".
Prepaying your private health insurance premium is the small loophole he missed.
Strangely he seems to expect high income earners to want to continue putting funds into superannuation with that new tax. I would rather not bother and would prefer to use that money on travel.

Prepaying health insurance premium ...... I never knew about this. How far can we prepaying premium to avoid the new rates? Do you do this every year before April before the rises?

 

[lovestotravel]

Medhead. It's not about the opposition. It's about a bunch of F Wits who are ruining this country we live in, it's about Lame Swann stealing from my pocket and giving it to low income earners, it's about the inability to govern with a surplus without hurting business. Nup, it's not about the opposition.

Always easy to pass the blame to the party not in power

Sorry if I like to judge the alternative on their words. It's all well and good to sink the boot where warranted. But there is little point in ranting if there is no viable alternative. I look at the words of the alternative and they have nothing of substance to offer. They have offer no alternative vision. All they say is ours would be bigger.

It is also hard to support your claim that money is being given to low income earners. Sole parents are have their money slashed for one thing. I'm most likely going to get one of these family payments and I'm not a low income earner.

While I agree that the opposition doesn't sound much better, there is little chance a Lib Government would be handing all all this cash to try to win back voters they have lost.

Money is being given to low income earners and some middle income earners, just because sole parents miss out on one payment, there is billions of other cough being thrown around

Swan's cash splash

http://www.news.com.au/money/federa...-from-mining-tax/story-fn84fgcm-1226350260527

As has been said above a typical ALP budget, desperate to win back votes

1.5 Million families = $5 billion of cash wasted

Of course the carbon tax will bring a ton of it back in, but the chance to buy another LCD or a slab of beer is good for some types of people

 

[SeatBackForward]

If we live in a democracy and 70% of the people don't want Julia...can't we get rid of her?

Perhaps you need to learn about this democracy a little more?? Noone voted for Julia, we elected her party, then her party nominated her as PM.

 

[eastwest101]

Anyone here a small or medium business owner and have an opinion about the missing 1% cut in business tax that was supposed to happen? Or are tax-writeoffs better/worse or not relevant?

 

[markis10]

Or are tax-writeoffs better/worse or not relevant?

Not too many businesses I know are planning on making a profit this year and a loss next year (airlines excluded).

 

[serfty]

Perhaps you need to learn about this democracy a little more?? Noone voted for Julia, we elected her party, then her party nominated her as PM.

... as well as needing a couple of 'independent' representatives to vote for her, at least one with an "axe to grind" against the National party.

 

[SeatBackForward]

... as well as needing a couple of 'independent' representatives to vote for her, at least one with an "axe to grind" against the National party.

Sorry just a pet peeve of mine, when people who rant on about the Pm being elected by us. We don't live in the USA where an elected President has executive powers.

 

[SFSC]

Abandoning the 1% reduction in business tax cuts was quite smart. It acknowledged the reality that the coalition and their greenie mates were not going to let it through the senate so that money now goes to low income people instead.

Always saying "no" obviously does have consequences.

 

[eastwest101]

Abandoning the 1% reduction in business tax cuts was quite smart. It acknowledged the reality that the coalition and their greenie mates were not going to let it through the senate so that money now goes to low income people instead.

Always saying "no" obviously does have consequences.

The coalition may block the 1% reduction in business tax but don't control the lower house, the government and independants do. In the upper house - it would be the greens who block the business tax cut in the upper house, that is the ALP's problem - they can't get legislation through the upper house without the greens support.

 

[wmetz]

Re: Budget 2012

If anyone does the math would see any rebate given will see about 80% return in spending to large corporations (I let u work out where everybody buys their foods, drinks and electronics from), therefore while they do not get the 1% directly, they will still receive the bulk of it indirectly with increases in sales. With increases in Sales, the stock market will love this. This in turn increase stock price value and the directors of these companies get a pay rise. And in turn there's an up swing in GST receipts and other taxes (a tax flow back). Every time a mast injection of private spending into the economy from baby bonus etc there always been a large increase in consumer spending. I will not be surprised if next year the economy will be running between 4-5%.