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Why are we in debt (Read 3560 times)
corporate_whitey
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Re: Why are we in debt
Reply #45 - Apr 2nd, 2013 at 11:54am
 
Thats because we have self interested corrupt anarchists corroding our Government and plundering our economy...
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World Wide Working Class Struggle
 
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corporate_whitey
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Re: Why are we in debt
Reply #46 - Apr 2nd, 2013 at 11:59am
 
We need tanks in the streets to defend our Government from domestic terrorists...
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hawil
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Re: Why are we in debt
Reply #47 - Apr 4th, 2013 at 4:33pm
 
Aussie wrote on Apr 1st, 2013 at 7:04pm:
hawil wrote on Apr 1st, 2013 at 6:43pm:
Aussie wrote on Apr 1st, 2013 at 5:05pm:
Quote:
Just take note of what Crean and other Labour politicians are saying about the super rorts.


What 'super rorts?'

Wink

The AFR article “Call to scale back super tax breaks” 21’st March 2013 in which Mr.Ian Silk of Australian Super is reported as saying that the tax breaks for super are unsustainable, has really brought the super industry exponents out the woodwork.
In the AFR , Monday 1’st of April, Jennifer Hewett writes “Second grab for the piggy bank”, (whose  piggy bank) the retirees with a million $ assets, or the managers of the retail super funds,
earning in excess of $500,000, managing workers super funds of less than $50,000.
The same day, on page 29, there is an article by John Kehoe, “The great super grab”
Another article in the same paper, Concerns grow over super tax rises” the disgruntled politicians have their gripes; I wonder how many of them sit on boards of industry super funds, earning a hefty remuneration on top of their parliamentary salaries.
The organizations which should be looking after the interests of workers with low super balances, like the Unions are surprisingly silent, because many of their leaders are sitting on boards of their members super funds.
The organizations representing retirees with modest defined super incomes, like ACPSRO (Australian Council of Public Sector Retiree Organisations) also do not seem to read the financial media, which will always go in to bat for super rich.
The Prime Minister Mr.Howard , in 2007 introduced the tax-free super for the over sixties and Gillard has backed off, of trying to reverse that decision, although as long as it stays in place, the cost to the government will rise exponentially and be unsustainable in the future. If the government abolishes the means test of the basic pension and all the tax concessions for super, what gripes should the owners of million dollar super assets have? The only gripe could be, that they could claim, that they benefit more from the tax concessions for super, than they would gain from receipt of the old-age pension, which after all would be taxable.



Yeas.....and has anything actually happened?

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The politicians are the beneficiaries of this tax rorts, so they are reluctant to change anything.
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adelcrow
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Re: Why are we in debt
Reply #48 - Apr 4th, 2013 at 4:37pm
 
Personally I would rather we were in recession the last 5 yrs than have a total of 10% of our annual income to pay back over the next few decades.
We all know that once the govt issues bonds its the end of civilisation and the beginning of anarchy.
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Mnemonic
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Re: Why are we in debt
Reply #49 - Apr 4th, 2013 at 5:41pm
 
corporate_whitey wrote on Apr 2nd, 2013 at 11:54am:
Thats because we have self interested corrupt anarchists corroding our Government and plundering our economy...

corporate_whitey wrote on Apr 2nd, 2013 at 11:59am:
We need tanks in the streets to defend our Government from domestic terrorists...


Two cents for the jester to keep entertaining us ...........  Cheesy Grin
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