Tony Abbott - an economic simpleton

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freediver
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Re: Tony Abbott - an economic simpleton

Post by freediver » Sun May 26, 2013 10:23 am

IQS.RLOW wrote:
freediver wrote:IQ has a point. Unless you can prove that a coalition politician has not done a backflip by showing them reaffirming their position very recently, it is only reasonable to assume they have.
Bew hew for you because they will be in power for the next decade.

How do you like them apples, you communist fuck.
Even when you are claiming the win you sound like a sore loser.

Jovial_Monk

Re: Tony Abbott - an economic simpleton

Post by Jovial_Monk » Sun May 26, 2013 10:25 am

It is all about the attention he craves but is such a loser and inadequate he doesn’t get that attention in real life.

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Rorschach
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Re: Tony Abbott - an economic simpleton

Post by Rorschach » Sun May 26, 2013 10:42 am

When the government brought in the Carbon tax they deliberately refused to make sure it was indicated separately on all billing.
This was a mistake. But because they were afraid of the consequences they squibbed it.
Abbott should as a first step legislate to have it included in all billing as a separate item.

Then when they remove the tax people can actually see their bill decrease.
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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freediver
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Re: Tony Abbott - an economic simpleton

Post by freediver » Sun May 26, 2013 10:45 am

When the government brought in the Carbon tax they deliberately refused to make sure it was indicated separately on all billing.
This was a mistake.
No it wasn't. That is one of the dumbest ideas I have ever heard. It would create an enourmous and unnecessary paperwork burden on business.

Jovial_Monk

Re: Tony Abbott - an economic simpleton

Post by Jovial_Monk » Sun May 26, 2013 10:51 am

WTF? The Carbon price is not like the GST! That might be doable for a carbon TAX but we don’t have one of those.

Some States threatened to make showing the CP impact public on electricity bills etc. Gillard said “go ahead” but they didn’t, no point, the CP was a well–compensated fleabite compared to the undercompensated GST.

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IQS.RLOW
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Re: Tony Abbott - an economic simpleton

Post by IQS.RLOW » Sun May 26, 2013 11:00 am

freediver wrote:
IQS.RLOW wrote:
freediver wrote:IQ has a point. Unless you can prove that a coalition politician has not done a backflip by showing them reaffirming their position very recently, it is only reasonable to assume they have.
Bew hew for you because they will be in power for the next decade.

How do you like them apples, you communist fuck.
Even when you are claiming the win you sound like a sore loser.
Even when you lose you sound like you are sucking eggs.
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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IQS.RLOW
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Re: Tony Abbott - an economic simpleton

Post by IQS.RLOW » Sun May 26, 2013 11:03 am

freediver wrote:
When the government brought in the Carbon tax they deliberately refused to make sure it was indicated separately on all billing.
This was a mistake.
No it wasn't. That is one of the dumbest ideas I have ever heard. It would create an enourmous and unnecessary paperwork burden on business.
You mean like having to increase their prices to consumers because of the CT make sure that the increase is correct or the ACCC will come after them?

Thank fuck it will be gone. A completely useless tax that does sweet fuck all.
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

Jovial_Monk

Re: Tony Abbott - an economic simpleton

Post by Jovial_Monk » Sun May 26, 2013 11:14 am

Image

:rofl

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Rorschach
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Re: Tony Abbott - an economic simpleton

Post by Rorschach » Sun May 26, 2013 1:09 pm

Got nothin' Monk?
How typical of the LW progs... even their humour is a disaster.
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

Jovial_Monk

Re: Tony Abbott - an economic simpleton

Post by Jovial_Monk » Mon May 27, 2013 7:47 pm

From the national shit sheet, business section:
by: Richard Gluyas
From: The Australian
May 27, 2013 12:00AM

THE nation’s four major banks are increasingly hostile to the Coalition’s $4.3 billion paid parental leave scheme, warning that shareholders and customers will ultimately pay for the $400 million-plus cost to the industry.

A senior banker said the Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank were each facing an annual charge of $80m-$115m, based on Tony Abbott’s plan to fund the scheme with a 1.5 per cent levy on companies with taxable incomes above $5m.

“The banks will have to treat it as an increase in their cost base, which means passing it on to shareholders or customers,” the banker said, requesting anonymity. “I suspect it will be a bit of both.”

A full pass-on of the cost to mortgage customers would mean an extra 10 basis points on the standard variable mortgage rate, given that each basis point equates to about $10m in revenue. But the banker said business rates would most likely bear the brunt as the levy involved a direct transfer from big business to small business. Business rates, he said, could rise as much as 25 basis points in the case of a full pass-on.

The opposition’s proposal to impose the levy on the nation’s top 3200 companies, effectively cross-subsidising small business, is causing a sharp divide in the corporate community and tensions on the Coalition backbench.

While opposition to the scheme is strong and growing, large companies are being urged not to speak out before the September election. Some have been told that the best chance of convincing Mr Abbott to dump his “signature” scheme, which would give new mothers their regular wage for six months, up to $75,000, is after an election victory, as the pressure on the budget at that time would be at its most intense.

However, some senior members of the business community are chafing at this argument, believing Mr Abbott will have to stick to his pre-election promises or risk triggering the same erosion of trust suffered by Julia Gillard.

“The argument about staying quiet is a sham,” another banker said. “The best opportunity to get some change is not after the September election; it’s now.”

In his budget reply speech last week, Opposition Treasury spokesman Joe Hockey stood by the scheme, but left open the possibility of adjusting the Child Care Rebate, despite being “reluctant” to change it.

The Coalition originally pledged to fully offset the 1.5 percentage point increase in company tax for the nation’s top 3200 corporates with a similar, across-the-board reduction for all companies. But it has now dumped that promise due to the state of the budget, saying instead there will be a “modest” offsetting cut.

The senior banker said there were a number of concerning, unanswered questions about the scheme. First of all, he said, the levy would only cover about 60 per cent of the scheme’s cost. “We want to know where the rest is going to come from,” he said. “We think the levy could be increased.”

A further worry is that the banks already have paid parental leave schemes, each costing about $50m, which have been written into enterprise agreements. The prospect of double-dipping has not been adequately addressed, according to the banker, and negotiations with unions to delete the schemes in enterprise agreements are likely to be fraught.

The banker said Mr Abbott’s paid parental scheme was “totally inconsistent” with the Opposition Leader’s comments following Ford’s announcement on Thursday that it would cease local manufacturing in 2016.

Mr Abbott said at the time that government had to make it easier, not harder, for manufacturing, which meant getting taxes down, regulation down, and productivity up. “Ford is in the top 3200 companies and would be subject to the 1.5-percentage-point tax increase, and 1.5 per cent is nothing to be sneezed at,” the banker said.

“The comments were totally inconsistent with (Mr Abbott’s) own parental leave policy.”
No links to the shit sheet.

PPL about to bite the dust methinks. The Lib policy cupboard is bare. Fraudband, Direct Action and boats.

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