If you want to talk about taxing maggots, ask the pensioners who...

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    If you want to talk about taxing maggots, ask the pensioners who now face a $20 charge everytime they see a doctor - remember the medicare gap thing and TA's inaction to do anything.  Nice distribribution of income from the less well off to the rich, because lo and behold wecan't touch teh tax concessions of the chosen ones under LNP policy LOL.


    Now lets get to NG - a rort that has resulted in private citizens in Australia becoming the most indebted citizen's in the world virtually.  This has impacted all sectors of society including retailers facing issues, because people don't have money to spend btw and now the RBA is worried about impact on the economy (i.e. credit squeeze) and prior to that was worried of what would happen if it raised rates.  I support the ALP NG policy for on reason - we need new housing stock hence NG should be on new stock only, house prices need to stabilise  and this rubbish can never happen again (where teh LNP's economic credentials have simply relied on a Ponzi sheme and immigration to prop up GDP)


    As to the CGT discount halved for housing - good, might address housing affordability and is a blunt instrument just like the doctor's charge for pensioners which aimed to address costs of health.  Now lets get to imputation, Australia unlike the US doesn't essentially tax dividends in the hands of SH already bearing tax unlike the US and most other countries (so CGT needs to be looked at in the context of imputation as well).


    Turning to the budget deficit, the laugh I have on here is that the righties yabber balance the budget but it is revenue as a % of GDP that has crashed from more than 25% under Howard to 21% under Gillard and not even returned to 25%  under ScoMO - why Howard gave things away like a drunken salior because anyone can balance a budget in a boom and this caused structural deficits in the budget, whilst spending has stayed at around 25% of GDP.  Now lets talk our beloved friends in the UK and USA that believe in Laffer - their public debt to GDP ratio is close enough to 100% compared to Oz less than 40% btw, because those morons spend like crazy and give tax concessions like drunken sailors as well but I never hear any of you lot yabber about the patheticeness of their budget deficits btw (and in the USA they shouldn't have an excuse as to why the budget is not in surplus there btw given the private nature of health there).


    Rant over, this government is a rabble.  The economy here will probably go into recession soon because of the useless LNP and like  the 1980s the ALP will probably need to make the tough decisions to lay the foundations for future growth just like the Hawke/Keating Governments did and then Howard built on, with today's pollies taking credit for growth whilst doing nothing.  An economy's competitiveness needs to be grown but that has stalled last 10 years and growth today  is driven by a Ponzi scheme called housing which is collapsing around us.  We should be investing in productive assets that grow an economy, not unproductive rubbish that gives a false economy like Ponzi schemes like housing, and when that sector falls (housing) the patheticness of the government's economic credentials in relation to growing an economy become evident through lack of incentives for productive investments.


    Rant over

 
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