The Budget tonight 29th March 2022

[Bobby]

Since the GFC in 2009 we have been living beyond our means.

We kept printing more money every year to overcome
the budget deficits.
We over reacted to the Covid pandemic when
99% of all deaths were people who were so old and frail
that they would most likely have died by now anyway.
The money printing was massive - 100s of $billions.
Then we were hit by floods and then the war in Ukraine.
That requires more money printing and so the Ponzi scheme continues.
I think the Federal Govt debt is now $1.3 trillion.
It can never be repaid - as it's made by issuing Govt. bonds and
the Reserve Bank printing money to pay for it -
the effect is to destroy savings by causing high inflation.
It pumped up house prices and stocks and shares.
It also hits supermarket prices and cost of living including rents.
The war In Ukraine has increased our commodity prices
but it will still cause high inflation for petrol and food.

The fact is that Labor would have done the same or worse.
No PM wants to be at the helm while
the Ponzi scheme collapses so the money printing will continue.

[Jovial Monk]

From next financial year very high income earners will only pay 30% marginal tax rate.

Low and medium income earners lose the Low and Medium Income Tax Offset.

Hopefully Labor WILL bring in a mini budget and get some sense into tax policy.

https://www.abc.net.au/news/2022-03-29/ ... /100948468

[Jovial Monk]

The Budget bottom line has improved. As usual, a lot of this is commodity prices rising. They may not do that forever—China might crack the shits with us.

[Bobby]

From next financial year very high income earners will only pay 30% marginal tax rate.

Low and medium income earners lose the Low and Medium Income Tax Offset.

Hopefully Labor WILL bring in a mini budget and get some sense into tax policy.

https://www.abc.net.au/news/2022-03-29/ ... /100948468

People will get sucked in by a fist full of dollars and vote for the Libbos.

It always works - Howard proved it.

[Jovial Monk]

Didn’t work in 2007

[J o h n S m i t h]

What scummo doesn't want you to know

Despite the federal budget’s focus on cost of living measures, the typical working Australian will still be $50 a week worse off. This is before a hidden tax increase that will leave low and middle-income earners, who are facing a tidal wave of extra costs, $30 worse off in the next financial year. Callum Foote reports.

Treasurer Frydenberg announced a number of cost of living measures in his budget speech.

These include a one-off $250 cost of living tax offset for more than 10 million low and middle-income earners, a boost to people receiving the low and middle-income tax offset by $420 for the 2021-22 financial year as well as halving the fuel excise for six months.

Hidden tax increase
What the Treasurer didn’t say is that the additional $420 tax offset for low and middle-income earners he mentioned will stop entirely at the end of this financial year, on June 30.

The extra cash bumps the tax offset up to $1500 this year which ends on June 30.

This means that despite the extra cash given to them this year, those on this tax offset will be $1500, or almost $30 per week, worse off.

https://www.michaelwest.com.au/budget-h ... OURg1Ijc4M

[Bobby]

Watch Sneezy tonight with his budget reply -
he'll say that just about everything the Libbos
have said they'll do for their new budget is bad BUT -
of course he'll vote for all of it in the lower house.

Why? -
we live in a one party communist state with 2 branches:
Labor and Liberal.

Their policies are almost identical.
What a farce of a so called democracy.
Parliament is a charade.

[Bobby]

Communist state? Are you actually the village idiot of Polanimal?

a one party communist state with 2 branches:
Labor and Liberal.

[Bobby]

Yes, Bobby is the village idiot of whatever village it visits!

Shut up commy.

Oh WOW bobby what an insult!

Monk is very left wing -
he could be a member of the communist party.

[Jim Lahey]

Yes, Bobby is the village idiot of whatever village it visits!

Shut up commy.

Oh WOW bobby what an insult!

Monk is very left wing -
he could be a member of the communist party.

You haven't told us which way you swing and who you will be voting for...