Australian Politics Forum - More Public Money for Private Education

longweekend58

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Re: More Public Money for Private Education
Reply #120 - Jul 24^th, 2010 at 2:26pm

Equitist wrote on Jul 24^th, 2010 at 1:34pm:

Yo Longy et al

As a matter of interest, I suggest that people utilise the following tables to calculate the comparative WEATH-fare BENEFITS to middle-high income Aussies over the past decade (and quarter century)...

I suggest that people calculate figures on, say:

* Diferent $25K increments up to $150K, then jump by $50K to $250K, then calculate $500K and $1M

* Or use the latest FY10 or FY11 thresholds for a more direct comparison

IM(not-so)HO, the results will surprise most and alarm some - not least because the Libs are carrying on so much about Federal debt and deficit, despite being the proud architects of the biggest budget black holes in Australian history...

Correct me if I'm wrong, but: compared to 2000 any person earning over about $125,000 is now benefitting from ANNUAL CASH TAX CUTS that exceed the ANNUAL SINGLE AGED PENSION - on top of having the means of utilising an effective-marginal tax rate of 15% due to the SUPERANNUATION TAX CONCESSIONS RORT!

The past decade has been really good for some, eh!?

http://www.ato.gov.au/individuals/

Quote:

Residents

1985–86

Taxable income/Tax on this income

$0–$4,594 = Nil

$4,595–$12,499 = 25 cents for each $1 over $4,595

$12,500–$19,499 = $1,976.26 + 30 cents for each $1 over $12,500

$19,500–$27,999 = $4,076.25 + 46 cents for each $1 over $19,500

$28,000–$34,999 = $7,986.25 + 48 cents for each $1 over $28,000

$35,000 and over = $11,346.25 + 60 cents for each $1 over $35,000

2000-01

Taxable income /Tax on this income

$1 - $6,000 = Nil

$6,001 - $20,000 = 17 cents for each $1 over $6,000

$20,001 - $50,000 = $2,380 + 30 cents for each $1 over $20,000

$50,001 - $60,000 = $11,380 + 42 cents for each $1 over $50,000

$60,001 and over = $15,580 + 47 cents for each $1 over $60,000

2009–10

Taxable income/Tax on this income

0 – $6,000 = Nil

$6,001 – $35,000 = 15c for each $1 over $6,000

$35,001 – $80,000 = $4,350 plus 30c for each $1 over $35,000

$80,001 – $180,000 = $17,850 plus 38c for each $1 over $80,000

$180,001 and over = $55,850 plus 45c for each $1 over $180,000

The following rates for 2010–11 apply from 1 July 2010.

2010–11

Taxable income/Tax on this income

0 – $6,000 = Nil

$6,001 – $37,000 = 15c for each $1 over $6,000

$37,001 – $80,000 = $4,650 plus 30c for each $1 over $37,000

$80,001 – $180,000 = $17,550 plus 37c for each $1 over $80,000

$180,001 and over = $54,550 plus 45c for each $1 over $180,000

The above rates do not include the Medicare levy...(read Medicare levy reduction or exemption for more information).

Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.

wow that was revealing. it showed that you can cut taxes AND generate the best economy in the world! who'd a thunk it... besides anyone who wasnt still seeking after a 'planned economy' and 'equality for all' and the resultant mass poverty that it causes?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Equitist

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Re: More Public Money for Private Education
Reply #121 - Jul 24^th, 2010 at 2:35pm

Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!

This is especially problematic when a nation has the quadruple-whammy of exponential growth in effectively-exclusive WEALTHfare (v's means-tested welfare) and taxation regressivity (both on both income and consumption)!

PS: BTW, re my earlier post/s, I think I may have made a false tax cut assertion earlier, due to plugging one or more incorrect figures/calcs into my taxation spreadsheet. I shall correct same when I have double-checked my results.

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« Last Edit: Jul 24^th, 2010 at 2:43pm by Equitist »

Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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longweekend58

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Re: More Public Money for Private Education
Reply #122 - Jul 24^th, 2010 at 2:41pm

Equitist wrote on Jul 24^th, 2010 at 2:35pm:

Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!

This is especially problematic when a nation has the quadruple-whammy of exponential growth in effectively-exclusive WEALTHfare (v's means-tested welfare) and taxation regressivity (both on both income and consumption)!

PS: BTW, re my earlier post/s, I think I may have made a false tax cut assertion earlier, due to plugging one or more incorrect figures/calcs into my taxation spreadsheet. I shall correct same when I have double-checked my results.

So you are denying that we have the best economy in the world? are you denying that only a few years ago we were debt free and in surplus? why is it that you cannot seemingly even SEE that things are enormously better now than they were in the 80s? I doubt you could find many people of sound mind and outside the communist party to say otherwise.

why must there be high taxes? why? can you answer thatm since we seemed to be able to not only balance the budget but to pay off debt, increase welfare astronomically and have an economy the rest of the world lusts after AND lower taxes? can you actually make a LOGICAL and rational answer to this without shouting marxist slogans? how about addressing the facts as they are rather than a 100% opinon-based rant?

again. WHY RAISE TAXES back up to 60% in the absence of any need whatsoever? step out of character and actaully answer that - and not as if it were Question Time.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: More Public Money for Private Education
Reply #123 - Jul 24^th, 2010 at 2:43pm

||Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!||

except that exponential grown in income HAS provided an improvement in socio-economic equality AND prosperity AND into the long term as well.

or did you miss what is happening in australia's economy at the moment? you know... boom times even in a world-wide recession??

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Equitist

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Re: More Public Money for Private Education
Reply #124 - Jul 24^th, 2010 at 2:45pm

Equitist wrote on Jul 24^th, 2010 at 2:35pm:

Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!

This is especially problematic when a nation has the quadruple-whammy of exponential growth in effectively-exclusive WEALTHfare (v's means-tested welfare) and taxation regressivity (both on both income and consumption)!

Moreover, IM(not-so)HO, tax cuts and tweaks should not regressively exacerbate already-growing income and wealth inequalities for the benefit of the already-privileged few elite and/or incorporated - rather they should be systematically utilised (along with other income and tax regulations) to progressively counter-balance the effects of worst excesses of national and global corporativism on our nation's ordinary citizens.

It is morally abhorrent to me, that the insidious and grossly-regressive tax and WEALTHfare changes of the past decade have gone largely unchallenged!

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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longweekend58

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Re: More Public Money for Private Education
Reply #125 - Jul 24^th, 2010 at 2:50pm

||It is morally abhorrent to me, that the insidious and grossly-regressive tax and WEALTHfare changes of the past decade have gone largely unchallenged!||

ever thought that the reason might be that most people see them as good changes? did it ever occur to you that people might have aspirations to earn more than they currently do and see that they WONT be punished for it now?

and all the garbage you sprout about 'privileged elite' is total nonsense and nobody agrees with you on it. you see what you want to see and nothing else.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Equitist

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Re: More Public Money for Private Education
Reply #126 - Jul 24^th, 2010 at 2:50pm

longweekend58 wrote on Jul 24^th, 2010 at 2:43pm:

||Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!||

except that exponential grown in income HAS provided an improvement in socio-economic equality AND prosperity AND into the long term as well.

or did you miss what is happening in australia's economy at the moment? you know... boom times even in a world-wide recession??

Hmmnnn...be careful, Longy, not to confuse coincidence with with correlation with causation...

Are you suggesting, that these exponentially-increasing tax, income, wealth and opportunity inequities are the sole or primary cause!? If so, kindly provide a reference to one or more respected economic authority that specifically posits the causal link you claim, ta!

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: More Public Money for Private Education Reply #127 - Jul 24^th, 2010 at 2:52pm \|\|grossly-regressive tax \|\| an interesting description for TAX CUTS to everyone. you must be a lot of fun at parties...
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mellie

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Re: More Public Money for Private Education
Reply #128 - Jul 24^th, 2010 at 2:54pm

Longweekend wrote:
[url]and when we are still the secondmost desirable place to live on earth you know that it si more than the economy that we got right.[/url]

Correction, the second-most desirable destination for refugees and asylum seekers,(Illegals) ... or those wishing to study/work in Australia in order to gain residency.

Think of it as a working holiday they never return from.

Our infrastructure cant keep up with our current rate of immigration, and water is a serious concern.
Our being a continent the size of Europe, though with only a habitable land area the mere size of Borneo..of which itself has a population of 15,721,384 (January 2005)... and is rather crowded.

Why? Because other developed nations have clamped down on their immigration laws, whereas we are yet to redefine ours since a Labor government imposed their come-one-come-all immigration policy.

Labors current $100 billion dollar deficit, after having been left with Liberals $40 billion surplus speaks for itself.

Where has $140 billion gone, can Labor even begin to explain where it went?

And do you suppose Labor will be capable of restoring this $40 billion surplus in the short 3 years it took them to blow $140 billion?

Think about it.

... Has anyone thought to ask where it went?

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All together now Labor voters.......&&&&lap-tops, pink-bats refugees and Clunker-cars&&&&insurance.AES256

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longweekend58

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Re: More Public Money for Private Education
Reply #129 - Jul 24^th, 2010 at 2:55pm

Equitist wrote on Jul 24^th, 2010 at 2:50pm:

longweekend58 wrote on Jul 24^th, 2010 at 2:43pm:

||Bollox, Longy - exponential growth in income and wealth inequality does NOT provide for socio-economic equity - nor productivity nor prosperty - into long term!||

except that exponential grown in income HAS provided an improvement in socio-economic equality AND prosperity AND into the long term as well.

or did you miss what is happening in australia's economy at the moment? you know... boom times even in a world-wide recession??

Hmmnnn...be careful, Longy, not to confuse coincidence with with correlation with causation...

Are you suggesting, that these exponentially-increasing tax, income, wealth and opportunity inequities are the sole or primary cause!? If so, kindly provide a reference to one or more respected economic authority that specifically posits the causal link you claim, ta!

you belong in a conspiracy thread. EVERY EVIDENCE that exists shows a significantly superior standard of living and economic health but you choose to deny them all.

you are actually starting to sound more than your usual silly and moving into paranoia.

you still havent articulated your rationale for massively increasing income tax rates. care to try and actually give a point by point explanation or would you prefer to just shout your slogans with increasing intensity and reducing relevance?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Equitist

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Re: More Public Money for Private Education
Reply #130 - Jul 24^th, 2010 at 2:58pm

longweekend58 wrote on Jul 24^th, 2010 at 2:50pm:

||It is morally abhorrent to me, that the insidious and grossly-regressive tax and WEALTHfare changes of the past decade have gone largely unchallenged!||

ever thought that the reason might be that most people see them as good changes? did it ever occur to you that people might have aspirations to earn more than they currently do and see that they WONT be punished for it now?

and all the garbage you sprout about 'privileged elite' is total nonsense and nobody agrees with you on it. you see what you want to see and nothing else.

LOL...feel free to keep on digging yourself into that vacuous whole, Longy...

Hint: what others see as 'good' is more often than not due to false impressions and ignorance of the truth - because the detailed facts are being withheld whilst insidiously-misleading convenient headline propaganda prevails - as is especially the case of Superannuation Tax Rorts and Tax Cuts (neither of which stack up on social nor economic grounds, and associated opportunity costs notwithstanding).

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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mellie Gold Member Offline Australian Politics Posts: 8142 Sydney Gender:	Re: More Public Money for Private Education Reply #131 - Jul 24^th, 2010 at 2:58pm Where has $140 billion gone, can Labor even begin to explain where it went? And do you suppose Labor will be capable of restoring this $40 billion surplus in the 3 short years it took them to blow a whopping $140 billion? Think about it. ... Has anyone thought to ask where it went to begin with?
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Equitist

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Re: More Public Money for Private Education
Reply #132 - Jul 24^th, 2010 at 3:01pm

longweekend58 wrote on Jul 24^th, 2010 at 2:52pm:

||grossly-regressive tax ||

an interesting description for TAX CUTS to everyone. you must be a lot of fun at parties...

Are you being deliberately obtuse, Longy - or are you genuinely ignorant of the meanings (and multiplier socio-economic implications) of the tax terms 'regressive' and 'progressive'!?

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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longweekend58

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Re: More Public Money for Private Education
Reply #133 - Jul 24^th, 2010 at 3:02pm

Equitist wrote on Jul 24^th, 2010 at 2:58pm:

longweekend58 wrote on Jul 24^th, 2010 at 2:50pm:

||It is morally abhorrent to me, that the insidious and grossly-regressive tax and WEALTHfare changes of the past decade have gone largely unchallenged!||

ever thought that the reason might be that most people see them as good changes? did it ever occur to you that people might have aspirations to earn more than they currently do and see that they WONT be punished for it now?

and all the garbage you sprout about 'privileged elite' is total nonsense and nobody agrees with you on it. you see what you want to see and nothing else.

LOL...feel free to keep on digging yourself into that vacuous whole, Longy...

Hint: what others see as 'good' is more often than not due to false impressions and ignorance of the truth - because the detailed facts are being withheld whilst insidiously-misleading convenient headline propaganda prevails - as is especially the case of Superannuation Tax Rorts and Tax Cuts (neither of which stack up on social nor economic grounds, and associated opportunity costs notwithstanding).

cut out the slogans and make a rational case for your point. you are becoming one of those crazy people who maintain their opinion even when EVERY EVIDENCE says the opposite. make your case logically and rationally or be considered no more than an old communist with no soapboax left to bellow from.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: More Public Money for Private Education
Reply #134 - Jul 24^th, 2010 at 3:03pm

Equitist wrote on Jul 24^th, 2010 at 3:01pm:

longweekend58 wrote on Jul 24^th, 2010 at 2:52pm:

||grossly-regressive tax ||

an interesting description for TAX CUTS to everyone. you must be a lot of fun at parties...

Are you being deliberately obtuse, Longy - or are you genuinely ignorant of the meanings (and multiplier socio-economic implications) of the tax terms 'regressive' and 'progressive'!?

you are playing with words with subjective and contextually sensitive meanings whiel flatly refusing to make even a semblance of an actual CASE for your POV.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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