Budget 2012, travel losers

[travelislife]

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

Is someone able to copy and paste or explain what exactly is changing with this?

 

[amaroo]

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%.

You can almost hear the pokies playing their "you're another loser" tune all over the country very soon....

Don't forget the positive impact that ALP handouts have on the good citizens in the long white cloud - they just love ALP handouts! Good timing, they've almost spent all the money from the last loads of cash that "Lemon 07" gave them

 

[medhead]

You can almost hear the pokies playing their "you're another loser" tune all over the country very soon....

Don't forget the positive impact that ALP handouts have on the good citizens in the long white cloud - they just love ALP handouts! Good timing, they've almost spent all the money from the last loads of cash that "Lemon 07" gave them

Great news given my investments in that particular sin industry. Might not be too late to pick up some shares in pokie businesses.


Sent from the Throne

 

[amaroo]

Great news given my investments in that particular sin industry. Might not be too late to pick up some shares in pokie businesses.

Sent from the Throne

Good to see that you're a stinking filthy pig of a capitalist like the rest of us

All good socialist are:!:

 

[medhead]

Good to see that you're a stinking filthy pig of a capitalist like the rest of us

All good socialist are:!:

Indeed. Everyone is allowed to make money in this country

My socialist ideal is to give everyone the opportunity to do the best they can with the talents they've been given. I've already seen one of the most amazing brains I've ever met, decide to go back to bricklaying because of lack of financial support and lack of personal resources. Someone who seriously was capable of winning a noble prize.

So I'm more than happy to pay whatever taxes, consistent with a long term average of GDP or some other board measure. (In the end there is no avoiding tax) Provided there is some level of ability for all of our best talent to make the most of that talent.

Now I know that people will reply about the wasters who just breed to get money. But before you do I will just remind you that sole parents are having benefits cut. The stick is coming out to make them get work.


Sent from the Throne

 

[SeatBackForward]

Indeed. Everyone is allowed to make money in this country

My socialist ideal is to give everyone the opportunity to do the best they can with the talents they've been given. I've already seen one of the most amazing brains I've ever met, decide to go back to bricklaying because of lack of financial support and lack of personal resources. Someone who seriously was capable of winning a noble prize.

So I'm more than happy to pay whatever taxes, consistent with a long term average of GDP or some other board measure. (In the end there is no avoiding tax) Provided there is some level of ability for all of our best talent to make the most of that talent.

Now I know that people will reply about the wasters who just breed to get money. But before you do I will just remind you that sole parents are having benefits cut. The stick is coming out to make them get work.


Sent from the Throne

I would just like to add, I agree

 

[rechoboam]

The trouble is, if you look closely at a few comments by our pols, they seem to deep down believe that receiving Govt handouts is a form of wealth generation for those "low-to-middle income earners". I used to be one of them, on minimum wage but always had it drummed into me that with study and hard work you didn't have to stay a "low-to-middle income earner" for ever. Swan actually talks about redistribution of money as though it is making poor people wealthy while "rich" people (by which he means small business owners) are paying their share.

The problem is, as many of us know, being a business owner often means working hours that would be illegal for an employee while receiving less than the minimum wage (or no wage for months or years!).

 

[drron]

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.

Maybe the 2 NSW "Independents"need a lesson.They represent the 2 electorates with the lowest ALP primary votes in the country.They were also in the lowest 10% of primary votes for the ALP in the Senate.Not really representing "their"voters.
Now both of our arguments have flaws.Most people are not voting for their local candidate but the Party leader.Just check how many posters of the Leader adorn poll booths.An interesting snippet from my past.I was handing out how to vote cards,2 young women approached,I put out my piece of paper and was dismissed by "no we are voting for sexy Bob".Hawke of course.It was just a while later when I was at the same booth for a NSW State election.Same ALP workers and the 2 young women approached.one of the ALP workers moved forward and said to me "these are ours".He was shocked when they turned him down with a "no,we are voting for that hulk Nick."Greiner it was.So leaders are important for many people.
I suspect,but cant prove,that those who voted for Windsor and Oakeshott were even less likely to know they would support a minority ALP government than Libs or ALP voters that were voting for the leader.

 

[SeatBackForward]

So leaders are important for many people.
I suspect,but cant prove,that those who voted for Windsor and Oakeshott were even less likely to know they would support a minority ALP government than Libs or ALP voters that were voting for the leader.

Democracy is far from ideal..

 

[medhead]

The trouble is, if you look closely at a few comments by our pols, they seem to deep down believe that receiving Govt handouts is a form of wealth generation for those "low-to-middle income earners". I used to be one of them, on minimum wage but always had it drummed into me that with study and hard work you didn't have to stay a "low-to-middle income earner" for ever. Swan actually talks about redistribution of money as though it is making poor people wealthy while "rich" people (by which he means small business owners) are paying their share.

The problem is, as many of us know, being a business owner often means working hours that would be illegal for an employee while receiving less than the minimum wage (or no wage for months or years!).

Now that you mention it, maybe I can see that. I'll have to listen out for that. Still they also talk about getting people into jobs.

The thing is some people will still spend their welfare on chainsaws and cut off the neighbours arm with them. The best you can do for those types is keep them off the street and any money they get is wealth creation for them. Do you harm people who will use the money properly to prevent waste by the wasters?


Sent from the Throne

 

[docjames]

Re: Budget 2012

/rant alert/

And the traveller continues to be gouged. No wonder our tourism industry is struiggling - gouge gouge gouge and finally the tourists give up and go elsewhere.

Single parents get cuts - as if it isnt hard enough being a single parent (which i'm not i might add).

Health care rebate being cut is a total false economy - every person they keep in private cover is one less they have to treat in the inefficient public system - but the ocst of private healthcare is escalating so much that I would envisage huge numbers giving up private cover over the next few years.

There's so many more but everything this government does just makes me mad I just cant keep following their latest and greatest announcements or i'll pop an aneurysm.


Counting down the days until the liars can be voted out (and probably replaced with another set.....)

/rant over

 

[drron]

Re: Budget 2012

And the traveller continues to be gouged. No wonder our tourism industry is struiggling - gouge gouge gouge and finally the tourists give up and go elsewhere.

But post budget the dollar is dropping and predicted to go through parity.That will be good for tourism!

 

[serfty]

Interesting article from Fairfax:

The speech you didn't get to hear from Swan

The speech you didn't get to hear from Swan

May 9, 2012

What the Treasurer could have said if spin wasn't at a premium.

MADAM Deputy Speaker, I move that the bill now be read a second time. And do you mind if I keep this short? The less said about this effort the better.

I could bang on about the four years of surpluses we have pencilled in being a powerful endorsement of the strength of our economy and drop a few sound bites like ''we walk tall'', but my heart just isn't in it this year. These numbers have more rubber in them than Gumby.

...

We are, however, only able to announce our $1.5 billion cash surplus for 2012-13 by pulling some big payments forward into 2011-12, and pushing some equally large ones out beyond 2013. What some would call sleight of hand and I call sensible household management began with our mid-year economic statement, when we shifted $2.3 billion of carbon tax offset payments to households and companies from 2012-13 to May and June of this year, for example.

It has continued in this budget, for instance with our decision to start paying $1.8 billion to families in July next year, after 2012-13 has been ruled off, and as we move into election mode, assuming we get that far.


The latex-infused surplus projections also rely on the fact that one of our biggest single expenses isn't even visible. The budget I am presenting tonight says that the national broadband network's slow-motion launch has cut the government's funding contribution from $3.4 billion to $2.1 billion in the year to June 2012 - but it also states that we need to find another $20.1 billion in the four years from 2012-13. None of it is budgeted as an expense: we treat it as ''equity'' - an investment.

...
​

Here in Australia, job cuts already announced are still to turn up in jobless numbers, the $A is still high enough to give retailers and manufacturers grief, the markets are noisily going nowhere, and households and non-mining firms are reluctant to spend. We really, really need the Reserve Bank to continue cutting its cash rate.

In conclusion, I would like to direct you to Statement Three, and its discussion of what happens if the growth forecast is wrong. If the economy grows by 1 percentage point less than predicted in 2012-13, the budget balance will be $3.4 billion weaker. In 2013-14 a miss by the same margin will cost the budget $7.1 billion. Both surpluses are a hostage to fortune, in other words. I commend the bill to the House.​

​

 

[serfty]

Re: Budget 2012

But post budget the dollar is dropping and predicted to go through parity.That will be good for tourism!

But not for Aussie tourists ...

 

[Alanslegal]

Re: Budget 2012

I don't like these political threads because you either for/against a party and no matter what opinion/advice/information is out there - your view won't change (and that is perfectly O.K too).

All I know is that Julia and ALP are gone at the next election and for the record I prefer them anyday over Abbott. IMO he is riskier, will do whatever it takes to please all the different groups out there and without even thinking the consequences or implications on getting those promises done eg. promising to keep the mandatory superannuation 12% contribution increases without even knowing or explaining how he would fund same. If Hockey or even Turnbull was running the Liberal party, I would have zero hesitation in voting for them but till that day, ALP gets my vote.

 

[medhead]

That's the thing isn't it. This government is gone. Hence I have little time for rants about how it must go. In this situation what is most important is knowing what will replace the current government. The current alternative is scarey.


Sent from the Throne

 

[lovestotravel]

That's the thing isn't it. This government is gone. Hence I have little time for rants about how it must go. In this situation what is most important is knowing what will replace the current government. The current alternative is scarey.

It can not be any worse than the current pack of fools!

It's simply not possible

 

[rechoboam]

Re: Budget 2012

/rant alert/

And the traveller continues to be gouged. No wonder our tourism industry is struiggling - gouge gouge gouge and finally the tourists give up and go elsewhere.

Single parents get cuts - as if it isnt hard enough being a single parent (which i'm not i might add).

Health care rebate being cut is a total false economy - every person they keep in private cover is one less they have to treat in the inefficient public system - but the ocst of private healthcare is escalating so much that I would envisage huge numbers giving up private cover over the next few years.

There's so many more but everything this government does just makes me mad I just cant keep following their latest and greatest announcements or i'll pop an aneurysm.


Counting down the days until the liars can be voted out (and probably replaced with another set.....)

/rant over

My income is fine but the OH went to work when the kids were 8 (and working up to 70 hours a week I wasn't part of the equation much). So did my mum. We all think earning more for retirement or to give the kids a bit of a start is worth the hardship. Why someone really struggling wouldn't expect to go to work the same way, difficult as it is, is beyond me. I suppose that is harsh but people in my family knew real poverty and I am harsh on myself as well. In any case I think this subgroup of single parents have been hassled in the past and moved to Newstart etc in some situations so I'm not sure so much has changed (not that this Govt would ever stretch the truth).

I don't think there will be an exodus in private health care. I also think the Govt doesn't need to support people who want to go private. Maybe my profession will need to tighten their belts and meet market rates. Not sure what your specialty is but I don't see any future in public health care, especially for the sort of elective surgery that private health excels in. The wait for a knee replacement around here - basically you will never get it. People are self-funding in private in droves around here.

"

the national broadband network's slow-motion launch has cut the government's funding contribution from $3.4 billion to $2.1 billion in the year to June 2012 - but it also states that we need to find another $20.1 billion in the four years from 2012-13. None of it is budgeted as an expense: we treat it as ''equity'' - an investment."
​

I still don't understand that. My rudimentary understanding of bookkeeping tells me that an asset can't just show up on the equity side of the business without an equal negative somewhere else. Either a liability to bondholders, or a decrease in cash holdings or something else. Although I think it is clear that if the govt were a public company they would be investigated for deliberately misleading shareholders.

 

[medhead]

It can not be any worse than the current pack of fools!

It's simply not possible

Can't it? Have you listened to what they are saying? :| On this budget, they say it's not hard enough meaning they would have cut more. They say they would have a bigger surplus. But then there is this constant thing that a surplus should not come from this budget because the economy is still in trouble.

More generally the message from the coalition seems to be that they will undo everything thing this government has done, they will wind back time and it'll all be gone from history. Not only is that a massive waste to take the country back 5 years; I'm not sure how they are going undo the GFC. Such revisionism can only lead to disaster.

This leaves 2 options either they will create a worse mess or they are lying to us. Neither options sits well with me.


Sent from the Throne

 

[drron]

Re: Budget 2012

But not for Aussie tourists ...

But more expensive to travel OS so some may stay home.