longweekend58 wrote on Aug 22
nd, 2013 at 2:52pm:
Dsmithy70 wrote on Aug 22
nd, 2013 at 2:46pm:
longweekend58 wrote on Aug 22
nd, 2013 at 2:33pm:
No idea what to do with UK. They look like they are inextricably linked to the European disease of higher taxes, higher social welfare and everything else that is wrong with the socialist economic model.
Yet we are staring down the barrel of
Lower taxes
Higher social spending
What the bugger is that?
At least in Europe they tax to cover their outgoingsCan you see the problem?
And what about those poor "self" funded retiree's you were so concerned about with Labors proposed changes to Super?
Under Tony they'll be losing franking credits to cover some strangers baby, at least under Labor they got to keep their 1st 100K.
excuse me??? Europe has balanced budgets???? the entirety of Europe's problems are that they have had massive deficit budgeting for decades and apart from Germany, are now all terminally screwed.
It is a bit hard to take the rest of your post seriously with such an incredibly silly statement.
Exactly where are the words balanced budget in my post?
I simply repeated your very own words
Higher taxes
Higher social spending
Taxes are used to cover that social spending or at least a portion of it.
But Tally Ho, keep ignoring the glaring hole in Tony's budget, I'm sure it will just disappear.
longweekend58 wrote on Aug 22
nd, 2013 at 2:54pm:
PS they are not losing franking credits. they are losing a SMALL POPTION of franking credits (1/20 to be precise) and only then if it is one of the 1/20 of businesses that are involved.
Exactly where does this 1/20th come from?
No mention in this article
http://www.theage.com.au/federal-politics/federal-election-2013/tony-abbott-admi... Quote:On Wednesday, Mr Abbott confirmed that the levy will not qualify for franking credits, meaning that shareholders would lose tax breaks on their dividends.
Shareholders not just retiree's mind you
Quote:"Why should a retiree who has been saving and working all their life pay for Tony Abbott's paid parental leave scheme through a tax on their savings?"
Hang on that sounds a lot like your argument against the 15% tax over 100K
Quote:Corporate Tax Association spokesman Frank Drenth has raised concerns about the franking credits issue.
"I really think the Coalition should think twice before compromising the dividend imputation system," he said. "It's not a well thought out policy."