Tony Abbott - an economic simpleton

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IQS.RLOW
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Re: Tony Abbott - an economic simpleton

Post by IQS.RLOW » Wed Apr 10, 2013 5:30 pm

Y'know that surplus thingy...come hell or high water? Failure is not an option?

http://www.abc.net.au/news/2013-04-10/s ... ng/4620532" onclick="window.open(this.href);return false;
Treasurer Wayne Swan has given his strongest hint yet that the pressures driving the federal budget into a multi-billion dollar deficit will apply for the next few years.

The year-to-date deficit in January had hit $26.8 billion.
What downsyndrome deer is saying is that under the ALP with year upon year of increased revenue- they cant control their spending so are responsible for not only the massive deficits thay have delivered every year, the will be responsible for every one over the next 4 years.

Why are you ALP luvvies such shitful human waste?
Quote by Aussie: I was a long term dead beat, wife abusing, drunk, black Muslim, on the dole for decades prison escapee having been convicted of paedophilia

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mantra
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Re: Tony Abbott - an economic simpleton

Post by mantra » Thu Apr 11, 2013 10:31 am

Isn't it incredible - you hardly heard a peep out of the single parents when they had their pensions cut - yet the top 10% of income earners have been screaming like babies who have lost their dummies when any mention is made of a decrease in tax payer funding to prop up their lucrative super.

Abbott hasn't said a word about restoring the pensions of single parents - he has only made promises to his corporate mates reassuring them that they can keep their yachts and multiple homes.

Where is he going to get the money to fund parental leave for the highest income earners? We know that a low income parent who has 6 months parental leave will receive half of his/her annual salary..say optimistically $30,000 pa = $15,000 income for leave. A parent on $150,000 pa however will receive $75,000. Why do tax payers have to pick up that extra $60,000 for high income earners? Welfare for the wealthy?

Abbott hasn't got the foresight to see that in a year or so, the majority of people will be a lot worse off.

Does anyone really believe that if the carbon tax is repealed - suddenly we'll have low electricity bills. I don't think so - the tax will still be there under another name, but the government won't be getting any of it. It will be profit for the private energy suppliers. Don't believe for a second that Abbott will continue with the govt. funded electricity subsidies for those on middle to low incomes. You'll have to pick up the difference on your own.

Where's Abbott going to get the cash to fund his promises?

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Rorschach
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Re: Tony Abbott - an economic simpleton

Post by Rorschach » Thu Apr 11, 2013 12:12 pm

I'll just keep spending
your money
till we run out
then we'll tax you more...

Image

CHEERS
DOLT - A person who is stupid and entirely tedious at the same time, like bwian. Oblivious to their own mental incapacity. On IGNORE - Warrior, mellie, Nom De Plume, FLEKTARD

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Black Orchid
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Re: Tony Abbott - an economic simpleton

Post by Black Orchid » Thu Apr 11, 2013 2:05 pm

The wails from single parents were heard from here to eternity when their pensions were cut and the wails re super were heard from everyone, not just the top 10%, because the ALP were not forthcoming about their super plan. Superannuation belongs to the people, not the government, no matter how much or how little you have accumulated.

Amazing how some like to ignore superfluous spending on behalf of the government yet wail like banshees when the opposition tries to find viable ways to counter the impact of pitiful waste.

There are none so blind as those who cannot see.

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mantra
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Re: Tony Abbott - an economic simpleton

Post by mantra » Thu Apr 11, 2013 4:30 pm

The wails from single parents were heard from here to eternity when their pensions were cut
So has Abbott promised to restore those pensions?
and the wails re super were heard from everyone, not just the top 10%,


Wrong. The wails came from only the top income earners with the right wing media using megaphones on their behalf.

You can't have open ended tax concessions meaning no matter how much money you accumulate - you will be exempt from any tax.

A 15% rate will only apply to those who earn $100,000 pa income from their super. If this means that a few self funded retirees with clever accountants will lose part of their full government pension - why the hell do we have superannuation for anyway?
Earnings of more than $100,000 a year on superannuation pensions and annuities would no longer be tax free and would instead attract a 15 per cent rate.

Assuming a 5 per cent rate of return, this means this reform will only affect individuals with more than $2 million in their superannuation pensions and annuities.

Read more: http://www.smh.com.au/opinion/political ... z2Q8JZ5uXS

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Black Orchid
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Re: Tony Abbott - an economic simpleton

Post by Black Orchid » Thu Apr 11, 2013 4:48 pm

mantra wrote:
The wails from single parents were heard from here to eternity when their pensions were cut
So has Abbott promised to restore those pensions?
So instead of condemning the government for cutting the pensions to single parents you prefer to wail and prematurely condemn Abbott for what he may, or may not, do to rectify what you obviously think is a disservice to single parents brought about by the ALP?

Your thought patterns are fractured.

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Neferti
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Re: Tony Abbott - an economic simpleton

Post by Neferti » Thu Apr 11, 2013 4:53 pm

mantra wrote:Isn't it incredible - you hardly heard a peep out of the single parents when they had their pensions cut - yet the top 10% of income earners have been screaming like babies who have lost their dummies when any mention is made of a decrease in tax payer funding to prop up their lucrative super.
What single mothers had their Pensions cut? Those sitting on the "Single Parent Pension" (is there such a thing?) when all their kids are at school. Or did they just get some of their "benefits" (the extras) cut. NOTHING is free ... it is NOT the Government's money, it is ours!
Abbott hasn't said a word about restoring the pensions of single parents - he has only made promises to his corporate mates reassuring them that they can keep their yachts and multiple homes.
:rofl Somebody on $120,000-$250,000 a year isn't rich.
Where is he going to get the money to fund parental leave for the highest income earners? We know that a low income parent who has 6 months parental leave will receive half of his/her annual salary..say optimistically $30,000 pa = $15,000 income for leave. A parent on $150,000 pa however will receive $75,000. Why do tax payers have to pick up that extra $60,000 for high income earners? Welfare for the wealthy?
The same place that Gillard gets "the money" to promise all sorts of stuff ........ us Taxpayers.
Abbott hasn't got the foresight to see that in a year or so, the majority of people will be a lot worse off.
Rubbish
Does anyone really believe that if the carbon tax is repealed - suddenly we'll have low electricity bills. I don't think so - the tax will still be there under another name, but the government won't be getting any of it. It will be profit for the private energy suppliers. Don't believe for a second that Abbott will continue with the govt. funded electricity subsidies for those on middle to low incomes. You'll have to pick up the difference on your own.
My electricity bills have gone up, slightly, but that is nothing to do with Gillard or Abbott.
Where's Abbott going to get the cash to fund his promises?
See above.

Besides ....None of your rant has anything, whatsoever, to do with Tony Abbott. Gillard is the PM, so blame her. When Tony Abbott wins the Election, then you can blame him for stuff he does.

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Black Orchid
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Re: Tony Abbott - an economic simpleton

Post by Black Orchid » Thu Apr 11, 2013 5:02 pm

Neferti~ wrote:Besides ....None of your rant has anything, whatsoever, to do with Tony Abbott. Gillard is the PM, so blame her. When Tony Abbott wins the Election, then you can blame him for stuff he does.
It's hard for any normal person to wrap their heads around this mentality.

Shakes head.

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Neferti
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Re: Tony Abbott - an economic simpleton

Post by Neferti » Thu Apr 11, 2013 5:09 pm

Black Orchid wrote:
Neferti~ wrote:Besides ....None of your rant has anything, whatsoever, to do with Tony Abbott. Gillard is the PM, so blame her. When Tony Abbott wins the Election, then you can blame him for stuff he does.
It's hard for any normal person to wrap their heads around this mentality.

Shakes head.
It will get worse as we get nearer September 14. Desperation. Why do Leftards lie so much?

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mantra
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Re: Tony Abbott - an economic simpleton

Post by mantra » Thu Apr 11, 2013 5:14 pm

What single mothers had their Pensions cut? Those sitting on the "Single Parent Pension" (is there such a thing?) when all their kids are at school. Or did they just get some of their "benefits" (the extras) cut. NOTHING is free ... it is NOT the Government's money, it is ours!
I totally agree. The single parent pension was never supposed to be a lifestyle, but a transition to work. I think it was a good move by the government to modify it a little.
Abbott hasn't said a word about restoring the pensions of single parents - he has only made promises to his corporate mates reassuring them that they can keep their yachts and multiple homes.
:rofl Somebody on $120,000-$250,000 a year isn't rich.
Only concessions are going to be removed. The super tax is only about the interest paid on super investments of over $2 million.
My electricity bills have gone up, slightly, but that is nothing to do with Gillard or Abbott.
Our electricity bills are always going up - the state/private energy suppliers are responsible for that. Once the carbon tax goes - our electricity bills will not be reduced. The energy suppliers will find something else to use the money for.

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