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Talking Politics
- Thread starter Legends of 2017
- Start date
Surely even the single celled readership of the Murdoch gutter press won’t be fooled by that.
Will they?
There is just so much stupid in that article I can't even begin!
But they still might. Just look at this thread and see what gets posted...
Their frothing over anything Labor does is getting so boring and predictable.
Just tired, pathetic, dog-whistling flatus coming out of the rectums of Dutton, Ley and co.
Then backed up by the pitiful excuse for political journalism in this country, lining up at the National Press Club trying to put Albo on the spot. Massive fail
Who is still listening to their crap?
Yep, and that's the line the Government should use. If economy was as it was when they voted it in, they would have kept it. But now the economy has gone to put, everyone is struggling, it's time to re-evaluate what was proposed and adjust it to suit the new conditions.
Actually, that's really standard practice in all business and responsible governments. The ability to change and adapt to the current situation is the only way you survive.
The sad bit about this politics, is that again, people are treating this as a divide. Us against them.
I can tell you right now, if you read widely enough, there's people who'd have benefitted from those
stage 3 cuts are doing it very tough. There's welfare agencies who are seeing people on very high wages
needing support to buy food, as their mortgages and other cost of living increases have put them close
to bankruptcy.
The previous government(s) complexed humped the pooch with the economy. You read about the middle
class disappearing in America, it's happening in Australia. And with the RW Media playing folks off in some
stupid class war, they're fooling the vast majority of people that those living on $200k are wealthy and living
large.
I prefer to avoid the RW media muck. This "paper" is a bit more balanced, although you need to watch for their
own biases (they are owned by Superannuation companies).
I can tell you right now, if you read widely enough, there's people who'd have benefitted from those
stage 3 cuts are doing it very tough. There's welfare agencies who are seeing people on very high wages
needing support to buy food, as their mortgages and other cost of living increases have put them close
to bankruptcy.
The previous government(s) complexed humped the pooch with the economy. You read about the middle
class disappearing in America, it's happening in Australia. And with the RW Media playing folks off in some
stupid class war, they're fooling the vast majority of people that those living on $200k are wealthy and living
large.
I prefer to avoid the RW media muck. This "paper" is a bit more balanced, although you need to watch for their
own biases (they are owned by Superannuation companies).
General, I am sure that some people on over $200K are struggling with massive mortgages and the like. But, really, given the median wage is under $70K (as in half the population earn less than $70K) then those on $200K should be looking at their earlier decisions rather than blaming someone else. They are on a very high wage and would be in the top 5% of wage earners at worst.
Yes, housing is way too expensive in this country but borrowing beyond one's means does not help this.
As for the story in the Murdoch rag above, surely even their readership will look at that and baulk at the prospect of lawyers earning a combined income of $440K complaining about not getting a bigger tax cut. They're still getting a big tax cut. Did they look through the Libs membership list to find someone to interview?
DS
Yes, housing is way too expensive in this country but borrowing beyond one's means does not help this.
As for the story in the Murdoch rag above, surely even their readership will look at that and baulk at the prospect of lawyers earning a combined income of $440K complaining about not getting a bigger tax cut. They're still getting a big tax cut. Did they look through the Libs membership list to find someone to interview?
DS
General makes a fair point. People will earn more as they get older, have families, larger mortgages, supporting elderly. Their outgoings are a lot higher, without living it large.
Average salary is a bit misleading when it includes part timers, students, etc. I'm trying to find the site but it listed the average Australian salary as around 90k p.a. for full time employed.
Bracket creep has definitely done its bit to ensuring those that earn more being hit harder by the tax brackets.
But really we're just fiddling around the edges. What Australia needs is to seriously overhaul it's taxation system to ensure everyone pays their fair share. Ken Henry's report (https://treasury.gov.au/review/the-australias-future-tax-system-review/final-report) made a lot of sense, but trying to implement it would be guaranteed political suicide. No government will do that.
But it's not just about personal tax. This chart shows where the even bigger problem is when it comes to taxation in Australia
Average salary is a bit misleading when it includes part timers, students, etc. I'm trying to find the site but it listed the average Australian salary as around 90k p.a. for full time employed.
Bracket creep has definitely done its bit to ensuring those that earn more being hit harder by the tax brackets.
But really we're just fiddling around the edges. What Australia needs is to seriously overhaul it's taxation system to ensure everyone pays their fair share. Ken Henry's report (https://treasury.gov.au/review/the-australias-future-tax-system-review/final-report) made a lot of sense, but trying to implement it would be guaranteed political suicide. No government will do that.
But it's not just about personal tax. This chart shows where the even bigger problem is when it comes to taxation in Australia
I don't see folks in that group "blaming" anyone (except maybe the reserve bank). We need to get past this type of BS narrative.
I can tell you right now, my own personal circumstances (I am no where near that 5% you mention), but my mortgage repayments have increased 45% since I took the loan out. I borrowed significantly under what the banks were offering me, and had my 20% deposit. I remember the days of 17% interest rates, so was conservative in my choices, but do you think I could see that increase coming? I spoke to a very close friend at a bank and he'd advised they were checking people's ability to repay at 3% above what they were lending at, so I used that intel as a minimum benchmark to ensure I'd be OK. I did various budgets and models of different financial changes to our lives (eg risk of being redundant and having to take a pay cut to stay employed) to make sure I was on top of how much risk we could undertake. Whilst my head is above water, a couple more interest rate rises things are going to get very, very, very interesting. I may be joining those 200k folks in line for food supplies.
How many people out there do you think had the ability (or capability) to plan like that, even in that upper bracket? How many people saw Rona coming, and what it would do to the cost of living afterwards? A 1 in 100 year event. If you think those factors haven't hurt Australians of all classes, wage brackets and lifestyles, then I don't know what to say to you. Your approach shows a lack of depth of thought, and your own level of privilege. Maybe step down off your high horse and show folks some compassion. We're all Australians.
As for the Murdoch readership. If it was as simple as their readers questioning what they read and not believing everything like it was spoon fed to them...they'd have ceased to exist a long time ago if that was remotely true. Think of the utter BS that people like Andrew Bolt peddle, yet he still has a column, a TV show, and radio appearances. Not the type of thing that says there's a lack of demand.
I care less about them breaking their word if what they do benefits the country. Do you think promises should trump good outcomes?
Not sure where it started Scoop but I hope we break the cycle. Sticking with election promises for the period of a government in a changing environment can and will lead to really bad decisions.
I don’t know about you but I would prefer a government who adapted to changing conditions than one who slavishly follows something because it was taken to an election.
Both major parties are guilty of playing the game and imo it needs to stop especially where it relates to economic policy which is dynamic not static
Australia desperately needs tax reform but I fear we are a million miles away from it.
To be able to achieve meaningful tax reform by means there will be winners and losers and to me that requires either bi-partisan political support or a government with such a large majority in both houses they can get it done.
Politics makes it almost impossible
Course they will, just look at the almost frothing at the frothing of the mouth reaction of Lisa Millar on the ABC for example.
Labor's broken promise, or as they are calling it, "change of position" takes them back to their original position in 2018 when they voted against the stage 3 tax cuts.
Labor reluctantly voted for the stage 3 tax cuts after the Morrison government wedged them in the lead up to the 2019 election. Labor have now applied the reverse wedgie and the Libs don't like it.
I think I know the thoughts of the millions of workers who are on $40,000 and were not going to get one cent out of the stage 3 tax cuts. They'll have the same view as those who are on $50,000 a year and were going to get a pitiful $125 from the stage 3 tax cuts.
Labor reluctantly voted for the stage 3 tax cuts after the Morrison government wedged them in the lead up to the 2019 election. Labor have now applied the reverse wedgie and the Libs don't like it.
I think I know the thoughts of the millions of workers who are on $40,000 and were not going to get one cent out of the stage 3 tax cuts. They'll have the same view as those who are on $50,000 a year and were going to get a pitiful $125 from the stage 3 tax cuts.
The whole angst over broken promises thing really doesn't hold water. I'm not sure giving more to the vast majority of Australians is in the same category as previous broken election promises where governments took more away.
But no doubt there'll be a decent amount of mouth breathers who will parrot that line, trying to make it the focus of the change, because that's what News Limited are telling them to believe.
But no doubt there'll be a decent amount of mouth breathers who will parrot that line, trying to make it the focus of the change, because that's what News Limited are telling them to believe.
I thought the cash economy was a big problem. But did some googling and ato puts it at 12 billion from a total revenue take of almost 700 billion. Not immaterial but not a disaster.
Stage 3 tax cuts are 20 billion.
This is off 5 seconds of research so I’m at Gerald sub level of quality and not fixing my typos.
Stage 3 tax cuts are 20 billion.
This is off 5 seconds of research so I’m at Gerald sub level of quality and not fixing my typos.
