Australian Politics Forum - Time The Rich Paid Their Huge Debt To Society

Bobby.

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #105 - Sep 14^th, 2014 at 12:54pm

BigOl,
Quote:

If the chinese banks allow chinese investors to take out a loans for property in a foreign country where they they have zero jurisdiction or legal recognition, then those banks are idiots, and more than likely only exist in your head.

If those foreign bank issue mortgages to chinese to buy houses in china for a lesser rate then so the f...k what?

It is aforeign country, nothing to do with us.

Stop trying to compare apples with besser blocks

Dear BigOl,
The countries I refer to are trying to win an economic war
where they will own as much as possible of Australia & New Zealand.
We will be enslaved to them forever.

Our governments have allowed this to happen.

I merely report this as a humble messenger.

namaste

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ImSpartacus2

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #106 - Sep 14^th, 2014 at 1:06pm

Bobby. wrote on Sep 14^th, 2014 at 12:54pm:

BigOl,
Quote:

If the chinese banks allow chinese investors to take out a loans for property in a foreign country where they they have zero jurisdiction or legal recognition, then those banks are idiots, and more than likely only exist in your head.

If those foreign bank issue mortgages to chinese to buy houses in china for a lesser rate then so the f...k what?

It is aforeign country, nothing to do with us.

Stop trying to compare apples with besser blocks

Dear BigOl,
The countries I refer to are trying to win an economic war
where they will own as much as possible of Australia & New Zealand.
We will be enslaved to them forever.

Our governments have allowed this to happen.

I merely report this as a humble messenger.

namaste

Well I for one am grateful to the Messenger, for he speaks truth

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longweekend58

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #107 - Sep 14^th, 2014 at 1:09pm

ImSpartacus2 wrote on Sep 14^th, 2014 at 9:55am:

BigOl64 wrote on Sep 14^th, 2014 at 9:48am:

Bobby. wrote on Sep 14^th, 2014 at 9:42am:

BigOl64 wrote on Sep 14^th, 2014 at 9:33am:

Bobby. wrote on Sep 14^th, 2014 at 9:11am:

Sir Bobby,
Quote:

Banks rip off customers with high interest rates & fees -
& pay themselves high salaries at our expense.
Mining companies rape the land & the profits mostly go overseas.

The Chinese pay 0.25% interest on a mortgage - we pay 6.5%.
Most mining shares are held by overseas investors.
These are just facts.
Longweekend is in a state of denial.

And you would be more than happy to provide the evidence to validate these 'facts'?

Remember your biased opinion is not a 'fact'.

Ohterwise you may leave yourself open to a highly warranted b1tch slapping Grin

BigOl is another denier of reality.

forgiven

namaste

Post the supporting evidence and Ill be more than happy to become a non-denier.

It can't be too hard to show where these chinese investors are getting 2.5% loans from aussie banks or where most of the major share holders of aour mining companies are foreigners and not Australian super funds.

I want to beleive you, but until you provide the evidence it is impossible to do so.

I can provide you with the following regarding Bobby's claims about the banks. No doubt you will find some excuse for why its all BS too;

THE SHAREHOLDER STEPHEN MAYNE (who I think you will know of)

Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system.

Skyrocketing transaction fees, the compulsory superannuation gravy train and a near quadrupling of residential mortgages to almost $1 trillion have helped create a profit bonanza for Australian banks like nowhere else in the world.

The big four have gone from a combined market capitalisation of below $30 billion in 1992 to almost $300 billion today, even after the global financial crisis.
Anyone running a government-licensed business can clearly afford to pay a bit more tax when you consider these latest annual pre-tax profits: Commonwealth Bank: $8.94 billion; Westpac: $8 billion; ANZ: $6.6 billion; NAB: $6.5 billion.

With combined pre-tax earnings of $30.1 billion, it is no surprise that our big four banks are so highly valued by the sharemarket.

Most modern economies have a couple of banks in their top 10 companies, although the US has none in its top five.

In Australia, banks represent four of the top five behind BHP Billiton, which is now the world's third most valuable company.

But BHP is making profits from genuinely global operations driven by exports. The bigfour banks just gouge long-suffering Australian consumers and businesses. They might dominate the New Zealand banking market but that is the extent of their global success.
Banking is a highly regulated utility business. If the water, gas, electricity or telco industries were pocketing $30 billion annually, consumers would be up in arms.

There are two obvious solutions to this situation. First, competition and regulatory intervention could drive down prices and profit margins for bank consumers. That hasn't worked too well in the past, so why not embrace the second option: a banking super profits tax?

If a Conservative British prime minister can happily embrace a bank tax to help fix his budget deficit, then why not the same in Australia?

Who would need a flood levy if bank shareholders were asked to pay another $2 billion to $3 billion a year through a super profits tax?

The British government is expecting to raise an extra £2.6 billion a year from a
permanent levy on bank assets that was confirmed only last month.

Big bank bosses would no doubt complain, but when you are earning $8 million a year, you can afford to give a bit back.

Read more: http://www.smh.com.au/federal-politics/political-opinion/should-banks-pay-a-super-profits-tax-20110305-1bih1.html#ixzz3DF772500

the first point is that you 'proved' absolutely none of boobys claims. not a single solitary one. and another point to keep in mind is that the GFC was caused by slack banking practices the likes of which our banks do not directly participate in. we have 4 banks in the worlds top ten. that doesn't happen by accident.

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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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Bobby.

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #108 - Sep 14^th, 2014 at 1:14pm

ImSpartacus2 wrote on Sep 14^th, 2014 at 1:06pm:

Bobby. wrote on Sep 14^th, 2014 at 12:54pm:

BigOl,
Quote:

If the chinese banks allow chinese investors to take out a loans for property in a foreign country where they they have zero jurisdiction or legal recognition, then those banks are idiots, and more than likely only exist in your head.

If those foreign bank issue mortgages to chinese to buy houses in china for a lesser rate then so the f...k what?

It is aforeign country, nothing to do with us.

Stop trying to compare apples with besser blocks

Dear BigOl,
The countries I refer to are trying to win an economic war
where they will own as much as possible of Australia & New Zealand.
We will be enslaved to them forever.

Our governments have allowed this to happen.

I merely report this as a humble messenger.

namaste

Well I for one am grateful to the Messenger, for he speaks truth

Thank you - I should charge money for my messages.

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ImSpartacus2

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Posts: 6913

Re: Time The Rich Paid Their Huge Debt To Society
Reply #109 - Sep 14^th, 2014 at 1:45pm

longweekend58 wrote on Sep 14^th, 2014 at 1:09pm:

ImSpartacus2 wrote on Sep 14^th, 2014 at 9:55am:

BigOl64 wrote on Sep 14^th, 2014 at 9:48am:

Bobby. wrote on Sep 14^th, 2014 at 9:42am:

BigOl64 wrote on Sep 14^th, 2014 at 9:33am:

Bobby. wrote on Sep 14^th, 2014 at 9:11am:

Sir Bobby,
Quote:

Banks rip off customers with high interest rates & fees -
& pay themselves high salaries at our expense.
Mining companies rape the land & the profits mostly go overseas.

The Chinese pay 0.25% interest on a mortgage - we pay 6.5%.
Most mining shares are held by overseas investors.
These are just facts.
Longweekend is in a state of denial.

And you would be more than happy to provide the evidence to validate these 'facts'?

Remember your biased opinion is not a 'fact'.

Ohterwise you may leave yourself open to a highly warranted b1tch slapping Grin

BigOl is another denier of reality.

Post the supporting evidence and Ill be more than happy to become a non-denier.

It can't be too hard to show where these chinese investors are getting 2.5% loans from aussie banks or where most of the major share holders of aour mining companies are foreigners and not Australian super funds.

I want to beleive you, but until you provide the evidence it is impossible to do so.

I can provide you with the following regarding Bobby's claims about the banks. No doubt you will find some excuse for why its all BS too;

THE SHAREHOLDER STEPHEN MAYNE (who I think you will know of)

Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system.

Skyrocketing transaction fees, the compulsory superannuation gravy train and a near quadrupling of residential mortgages to almost $1 trillion have helped create a profit bonanza for Australian banks like nowhere else in the world.

The big four have gone from a combined market capitalisation of below $30 billion in 1992 to almost $300 billion today, even after the global financial crisis.
Anyone running a government-licensed business can clearly afford to pay a bit more tax when you consider these latest annual pre-tax profits: Commonwealth Bank: $8.94 billion; Westpac: $8 billion; ANZ: $6.6 billion; NAB: $6.5 billion.

Rest of this quote deleted to fit in response to LongLiar.

Read more: http://www.smh.com.au/federal-politics/political-opinion/should-banks-pay-a-super-profits-tax-20110305-1bih1.html#ixzz3DF772500

the first point is that you 'proved' absolutely none of boobys claims. not a single solitary one. and another point to keep in mind is that the GFC was caused by slack banking practices the likes of which our banks do not directly participate in. we have 4 banks in the worlds top ten. that doesn't happen by accident.

Bobby's claim re Banks: "Banks rip off customers with high interest rates & fees" -
bigol64's post: "Post the supporting evidence and Ill be more than happy to become a non-denier" (Underlining mine)
My Post: "I can provide you with the following regarding Bobby's claims about the banks. .... THE SHAREHOLDER STEPHEN MAYNE, Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system. and Skyrocketing transaction fees, "

Now did I prove anything to the infamous Longy standard of "Nothing is provable that Longy doesn't like? No I did not
Did I prove it on the criminal standard, beyond a reasonable doubt? No I did not
Did I prove it on the civil standard, on the balance of probabilities? Emmmm, closer but no I don't think so unless no contrary evidence introduced.
Did I do as asked and post supporting evidence re Bobbies claim about the Banks. Clearly YES!!!
Burden of proof shifts @hole. We have produced credible evidence of our claim re the banks now you go disprove it. Do your own research!!!

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« Last Edit: Sep 14^th, 2014 at 2:07pm by ImSpartacus2 »

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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: Time The Rich Paid Their Huge Debt To Society Reply #110 - Sep 14^th, 2014 at 2:11pm The Chinese pay 0.25% interest on a mortgage - we pay 6.5%. Most mining shares are held by overseas investors. keep trying...
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ImSpartacus2

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #111 - Sep 14^th, 2014 at 5:25pm

In 1987 bob hawke sold the very lucrative Govt owned Belconnen Mall to his mate, the ultra capitalist frank lowy of westfields, who immediately raised the rents. Basically he told the shop owners that if they wanted the enormous financial advantage of being a shop owner in the mall they had to pay more for that benefit. No compromise. Some shop owners stayed, some left but by opening day all shopfronts were filled and doing business. Was lowy entitled to raise the rents? I bet most people on the right will say “but of course, after all its a free enterprise system right”. Did Lowy raise the rents because he was jealous of the shop owners, or because he wanted to punish them or because he hated them because they were rich. Is Warren Buffett (who advocates more taxes on the rich) a self loathing rich person? I don’t think so. I think lowy did it because he could and because he knew that the shop owners derived such an enormous benefit from being a shop owner in the mall that they would pay. And they did. Its that simple.

And how often is this kind of thing played out in the business community over and over again in relation to every product and every service you care to name. If I want to sell hamburgers and hope to become rich in the process I have to pay McDonalds a hefty premium to become part of the McDonalds family. And even if the price is different to different people for the same product (eg the price of CDs and software in Aust compared to Asia) the business community will defend the right of the entrepreneur to do so because if the buyer wants the benefits of that product he/she has to pay. That’s USER PAYS; that’s capitalism.

Ahh but alas, the staunch capitalists change their tune when it comes to the enormous benefits they get from being part of the society that is largely responsible for generating their wealth. Consider the Belconnen Mall again. The shop owners benefit enormously from that large congregation of people. But unlike the Mall and totally contrary to their usual capitalist/user pays stance on things they’ll tell you it’s unfair that they should pay a little extra for the fact that its society that has made their incredibly opulent lifestyles possible.

Now I’m not saying that the average middle/lower class person should pay more tax. Indeed, quite the opposite. For over 3 decades now both major political parties have worked industriously to lower taxes for the wealthy and commercial sector and transfer it onto the PAYE taxpayer (the GST is a prime culprit). And at the same time they have mounted a ferocious attack on wages and conditions whilst also implementing policies that would inevitably force Aust wages and conditions lower, such as free trade agreements. Add to that increasing unemployment and rocketing house prices and the pressure on PAYE tax payers has become enormnous. But not for the commercial sector. In the budget the corporate tax rate is set to fall another 1.5%

Banks get an enormous advantage in this society (see one of my earlier posts below). When times are tough, like now, why shouldn’t they be made to pay a little extra tax. Same with the mining industry and the more wealthy in the community. After all, if it wasn’t for our society they would have nothing. But you see that's because they put no value on that. That’s why we need to remind them.

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BigOl64

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #112 - Sep 14^th, 2014 at 5:35pm

ImSpartacus2 wrote on Sep 14^th, 2014 at 1:45pm:

Bobby's claim re Banks: "Banks rip off customers with high interest rates & fees" -
bigol64's post: "Post the supporting evidence and Ill be more than happy to become a non-denier" (Underlining mine)
My Post: "I can provide you with the following regarding Bobby's claims about the banks. .... THE SHAREHOLDER STEPHEN MAYNE, Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system. and Skyrocketing transaction fees, "

Now did I prove anything to the infamous Longy standard of "Nothing is provable that Longy doesn't like? No I did not
Did I prove it on the criminal standard, beyond a reasonable doubt? No I did not
Did I prove it on the civil standard, on the balance of probabilities? Emmmm, closer but no I don't think so unless no contrary evidence introduced.
Did I do as asked and post supporting evidence re Bobbies claim about the Banks. Clearly YES!!!
Burden of proof shifts @hole. We have produced credible evidence of our claim re the banks now you go disprove it. Do your own research!!!

Not even close sunshine, it made no mention of the chinese recieiving 0.25% interests or the shareholder spread for mining companies, both of which I called bullsh1t and ask for evidence.

You did post something while true had nothing at all to do with booby's post.

Doesn't say much for either of you.

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longweekend58

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #113 - Sep 14^th, 2014 at 5:38pm

ImSpartacus2 wrote on Sep 14^th, 2014 at 5:25pm:

In 1987 bob hawke sold the very lucrative Govt owned Belconnen Mall to his mate, the ultra capitalist frank lowy of westfields, who immediately raised the rents. Basically he told the shop owners that if they wanted the enormous financial advantage of being a shop owner in the mall they had to pay more for that benefit. No compromise. Some shop owners stayed, some left but by opening day all shopfronts were filled and doing business. Was lowy entitled to raise the rents? I bet most people on the right will say “but of course, after all its a free enterprise system right”. Did Lowy raise the rents because he was jealous of the shop owners, or because he wanted to punish them or because he hated them because they were rich. Is Warren Buffett (who advocates more taxes on the rich) a self loathing rich person? I don’t think so. I think lowy did it because he could and because he knew that the shop owners derived such an enormous benefit from being a shop owner in the mall that they would pay. And they did. Its that simple.

And how often is this kind of thing played out in the business community over and over again in relation to every product and every service you care to name. If I want to sell hamburgers and hope to become rich in the process I have to pay McDonalds a hefty premium to become part of the McDonalds family. And even if the price is different to different people for the same product (eg the price of CDs and software in Aust compared to Asia) the business community will defend the right of the entrepreneur to do so because if the buyer wants the benefits of that product he/she has to pay. That’s USER PAYS; that’s capitalism.

Ahh but alas, the staunch capitalists change their tune when it comes to the enormous benefits they get from being part of the society that is largely responsible for generating their wealth. Consider the Belconnen Mall again. The shop owners benefit enormously from that large congregation of people. But unlike the Mall and totally contrary to their usual capitalist/user pays stance on things they’ll tell you it’s unfair that they should pay a little extra for the fact that its society that has made their incredibly opulent lifestyles possible.

Now I’m not saying that the average middle/lower class person should pay more tax. Indeed, quite the opposite. For over 3 decades now both major political parties have worked industriously to lower taxes for the wealthy and commercial sector and transfer it onto the PAYE taxpayer (the GST is a prime culprit). And at the same time they have mounted a ferocious attack on wages and conditions whilst also implementing policies that would inevitably force Aust wages and conditions lower, such as free trade agreements. Add to that increasing unemployment and rocketing house prices and the pressure on PAYE tax payers has become enormnous. But not for the commercial sector. In the budget the corporate tax rate is set to fall another 1.5%

Banks get an enormous advantage in this society (see one of my earlier posts below). When times are tough, like now, why shouldn’t they be made to pay a little extra tax. Same with the mining industry and the more wealthy in the community. After all, if it wasn’t for our society they would have nothing. But you see that's because they put no value on that. That’s why we need to remind them.

vomitou left-wing drivel. all you want is the higher earners to pay more anr more and more and for you to pay less and less and less and get more welfare. and forget lowry and the billionaires. your offensively titled thread targets a huge number of people - the people who make your welfare-funded life possible.

you are a greedy sod and btw, truly terrible at making an argument without just quoting a few examples and ignoring the 99.99999% of the rest of the country.

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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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aquascoot Gold Member Offline Australian Politics Posts: 34915 Gender:	Re: Time The Rich Paid Their Huge Debt To Society Reply #114 - Sep 14^th, 2014 at 5:48pm time the poor risked something, created something, toiled over something and won something , other then a smacking whinging contest
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ImSpartacus2

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #115 - Sep 14^th, 2014 at 6:02pm

BigOl64 wrote on Sep 14^th, 2014 at 5:35pm:

ImSpartacus2 wrote on Sep 14^th, 2014 at 1:45pm:

Bobby's claim re Banks: "Banks rip off customers with high interest rates & fees" -
bigol64's post: "Post the supporting evidence and Ill be more than happy to become a non-denier" (Underlining mine)
My Post: "I can provide you with the following regarding Bobby's claims about the banks. .... THE SHAREHOLDER STEPHEN MAYNE, Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system. and Skyrocketing transaction fees, "

Now did I prove anything to the infamous Longy standard of "Nothing is provable that Longy doesn't like? No I did not
Did I prove it on the criminal standard, beyond a reasonable doubt? No I did not
Did I prove it on the civil standard, on the balance of probabilities? Emmmm, closer but no I don't think so unless no contrary evidence introduced.
Did I do as asked and post supporting evidence re Bobbies claim about the Banks. Clearly YES!!!
Burden of proof shifts @hole. We have produced credible evidence of our claim re the banks now you go disprove it. Do your own research!!!

Not even close sunshine, it made no mention of the chinese recieiving 0.25% interests or the shareholder spread for mining companies, both of which I called bullsh1t and ask for evidence.

You did post something while true had nothing at all to do with booby's post.

Doesn't say much for either of you.

Oh right and I'm gong to put any credence in your adjudication of the arguments. Even putting aside your obvious conflict of interest there is the added complication of you being a total imbecile and incapable of making the simplest logical connections.

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ImSpartacus2 Gold Member Offline Australian Politics Posts: 6913	Re: Time The Rich Paid Their Huge Debt To Society Reply #116 - Sep 14^th, 2014 at 6:05pm aquascoot wrote on Sep 14^th, 2014 at 5:48pm: time the poor risked something, created something, toiled over something and won something , other then a smacking whinging contest Ahh yes aquascoot, the very incarnation of "I'm entitled"
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longweekend58

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #117 - Sep 14^th, 2014 at 6:08pm

ImSpartacus2 wrote on Sep 14^th, 2014 at 6:02pm:

BigOl64 wrote on Sep 14^th, 2014 at 5:35pm:

ImSpartacus2 wrote on Sep 14^th, 2014 at 1:45pm:

Bobby's claim re Banks: "Banks rip off customers with high interest rates & fees" -
bigol64's post: "Post the supporting evidence and Ill be more than happy to become a non-denier" (Underlining mine)
My Post: "I can provide you with the following regarding Bobby's claims about the banks. .... THE SHAREHOLDER STEPHEN MAYNE, Ever since federal and state governments privatised various public sector banks in the 1990s, Australians have increasingly suffered the world's most expensive banking system. and Skyrocketing transaction fees, "

Now did I prove anything to the infamous Longy standard of "Nothing is provable that Longy doesn't like? No I did not
Did I prove it on the criminal standard, beyond a reasonable doubt? No I did not
Did I prove it on the civil standard, on the balance of probabilities? Emmmm, closer but no I don't think so unless no contrary evidence introduced.
Did I do as asked and post supporting evidence re Bobbies claim about the Banks. Clearly YES!!!
Burden of proof shifts @hole. We have produced credible evidence of our claim re the banks now you go disprove it. Do your own research!!!

Not even close sunshine, it made no mention of the chinese recieiving 0.25% interests or the shareholder spread for mining companies, both of which I called bullsh1t and ask for evidence.

You did post something while true had nothing at all to do with booby's post.

Doesn't say much for either of you.

Oh right and I'm gong to put any credence in your adjudication of the arguments. Even putting aside your obvious conflict of interest there is the added complication of you being a total imbecile and incapable of making the simplest logical connections.

then how about formulating an actual argument based on more than a few people you don't like. you don't think high income earners pay enough income tax then state it and make a suggestion on what to change and then defend it. don't make it a whiny little bit of target practice at a few odd people.

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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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Kytro

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #118 - Sep 14^th, 2014 at 6:13pm

aquascoot wrote on Sep 14^th, 2014 at 5:48pm:

time the poor risked something, created something, toiled over something and won something , other then a smacking whinging contest Wink

Oh yeah, people are poor because they don't work hard enough, what utter nonsense, there is no correlation between how hard one works and how wealthy they are.

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ImSpartacus2

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Re: Time The Rich Paid Their Huge Debt To Society
Reply #119 - Sep 14^th, 2014 at 6:15pm

longweekend58 wrote on Sep 14^th, 2014 at 5:38pm:

ImSpartacus2 wrote on Sep 14^th, 2014 at 5:25pm:

In 1987 bob hawke sold the very lucrative Govt owned Belconnen Mall to his mate, the ultra capitalist frank lowy of westfields, who immediately raised the rents. Basically he told the shop owners that if they wanted the enormous financial advantage of being a shop owner in the mall they had to pay more for that benefit. No compromise. Some shop owners stayed, some left but by opening day all shopfronts were filled and doing business. Was lowy entitled to raise the rents? I bet most people on the right will say “but of course, after all its a free enterprise system right”. Did Lowy raise the rents because he was jealous of the shop owners, or because he wanted to punish them or because he hated them because they were rich. Is Warren Buffett (who advocates more taxes on the rich) a self loathing rich person? I don’t think so. I think lowy did it because he could and because he knew that the shop owners derived such an enormous benefit from being a shop owner in the mall that they would pay. And they did. Its that simple.

And how often is this kind of thing played out in the business community over and over again in relation to every product and every service you care to name. If I want to sell hamburgers and hope to become rich in the process I have to pay McDonalds a hefty premium to become part of the McDonalds family. And even if the price is different to different people for the same product (eg the price of CDs and software in Aust compared to Asia) the business community will defend the right of the entrepreneur to do so because if the buyer wants the benefits of that product he/she has to pay. That’s USER PAYS; that’s capitalism.

Ahh but alas, the staunch capitalists change their tune when it comes to the enormous benefits they get from being part of the society that is largely responsible for generating their wealth. Consider the Belconnen Mall again. The shop owners benefit enormously from that large congregation of people. But unlike the Mall and totally contrary to their usual capitalist/user pays stance on things they’ll tell you it’s unfair that they should pay a little extra for the fact that its society that has made their incredibly opulent lifestyles possible.

Now I’m not saying that the average middle/lower class person should pay more tax. Indeed, quite the opposite. For over 3 decades now both major political parties have worked industriously to lower taxes for the wealthy and commercial sector and transfer it onto the PAYE taxpayer (the GST is a prime culprit). And at the same time they have mounted a ferocious attack on wages and conditions whilst also implementing policies that would inevitably force Aust wages and conditions lower, such as free trade agreements. Add to that increasing unemployment and rocketing house prices and the pressure on PAYE tax payers has become enormnous. But not for the commercial sector. In the budget the corporate tax rate is set to fall another 1.5%

Banks get an enormous advantage in this society (see one of my earlier posts below). When times are tough, like now, why shouldn’t they be made to pay a little extra tax. Same with the mining industry and the more wealthy in the community. After all, if it wasn’t for our society they would have nothing. But you see that's because they put no value on that. That’s why we need to remind them.

vomitou left-wing drivel. all you want is the higher earners to pay more anr more and more and for you to pay less and less and less and get more welfare. and forget lowry and the billionaires. your offensively titled thread targets a huge number of people - the people who make your welfare-funded life possible.

you are a greedy sod and btw, truly terrible at making an argument without just quoting a few examples and ignoring the 99.99999% of the rest of the country.

I'm pleased it upset you. When you come back with an intelligent rebuttal I'll respond.

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Poll
Question: Should Gina Reinhart pay more tax?
yes 11 (78.6%) no 3 (21.4%) not sure 0 (0.0%) Total votes: 14 « Created by: Bobby. on: Sep 15^th, 2014 at 9:45am »