Australian Politics Forum - Secret Plans Drawn UP To Lift GST

Jovial Monk Gold Member Offline Dogs not cats! Posts: 47794 Gender:	Re: Secret Plans Drawn UP To Lift GST Reply #180 - Nov 3^rd, 2015 at 10:37am When the GST was implemented the rich got hUGE tax cuts, those on lower incomes got a bit of bracket creep returned. It will be the same this time—pure neocon play. Will they put the GST on rents?
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Dnarever

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Re: Secret Plans Drawn UP To Lift GST
Reply #181 - Nov 3^rd, 2015 at 10:44am

Swagman wrote on Nov 3^rd, 2015 at 9:24am:

Dnarever wrote on Nov 3^rd, 2015 at 6:32am:

By the way anyone worked out the difference in GST on your shopping bill if they remove food as an exemption ?

When I currently do a full family shop it can be $330 or so and I pay about $12 GST. This would increase to $33.

Finding an extra $30 to $50 for the average family can be a game changer for their budget and this is just for food. It is also an extra $20 or so on the electricity bill, the rates, gas, phone etc.

This makes the fixed carbon price look like a x'mas present.

I currently buy 2 litres of milk a day @about $3.

A GST of 45 cents per day is $3.15 a week - 12.60 a month and $160 a year and just a little less for bread.

A 15% GST on food would mean an extra $300 a year just for bread and milk for me.

You righties should look at these numbers across the board and work out what this really means for people. Time to put the dogma away and stop being silly.

Low income earners and the average family

benefit most

from ANY taxation. GST not excluded. Huh

That $300 bucks would be returned in spades, even without any monetary compensation.

Look past your nose for a change.... Grin

WOW there is a bunch of silly unsupportable statements.

The problem is that the $300 for bread and milk is probably about 0.2 % of the total cost to the average family.

Go feed your dogma, I think its gone crazy.

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John Smith Gold Member Offline Australian Politics Posts: 75207 Gender:	Re: Secret Plans Drawn UP To Lift GST Reply #182 - Nov 3^rd, 2015 at 10:44am mariacostel wrote on Nov 3^rd, 2015 at 10:12am: Maybe you should have worked harder, spent less and saved more when you were younger so you would OWN a house now. or maybe he should have done what you did and married someone who would provide everything for him?
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Dnarever

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Re: Secret Plans Drawn UP To Lift GST
Reply #183 - Nov 3^rd, 2015 at 10:50am

mariacostel wrote on Nov 3^rd, 2015 at 10:12am:

ozzyoi wrote on Nov 3^rd, 2015 at 9:30am:

Quote:

Just because you lack the ability to calculate the compensation correctly does not mean people much brighter than you cannot.

Exactly maria, I do lack the ability and not too proud to admit I'm not the smartest kid on the block, plus I really don't have the time right here to post exact figures to suit oh your greatness.
I am speaking from a point of principle and survival on the obvious, not a word perfect and number perfect account.
I have stated I am a pensioner, if you want exact figures there are 2 things you need to look up to satisfy your perfection which is publicly available,
1. What pensioners get paid at a centrelink office closest to you, go pick up a pamphlet.
2. 25 % of income is the calculation for the rent to be paid in State owned gov housing, also available in a pamphlet, or ring up your local state housing authority, wait 2 hours and you might be lucky on the day for your call to be answered.
I'll freely give you a tip though, don't ever try to ring up on the first Tuesdays in November, somehow, statistically there seems to be no answer. It's best to go in person.

It's a no brainer really.

Other wise maria, shut the fffffff up unless you have something constructive to say.

Maybe you should have worked harder, spent less and saved more when you were younger so you would OWN a house now.

something constructive to say.

You seem to have missed this bit ?

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Secret Plans Drawn UP To Lift GST Reply #184 - Nov 3^rd, 2015 at 10:56am People don't half bitch and moan. Life is what you make of it. You decide things are tough, you don't get the breaks etc, life is unfair then you'll find it tough. But if you get on with things you'll actually find like I have that life isn't really that hard at all.....
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crocodile

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Re: Secret Plans Drawn UP To Lift GST
Reply #185 - Nov 3^rd, 2015 at 10:59am

Dnarever wrote on Nov 3^rd, 2015 at 10:31am:

crocodile wrote on Nov 3^rd, 2015 at 8:34am:

Dnarever wrote on Nov 2^nd, 2015 at 11:46pm:

crocodile wrote on Nov 2^nd, 2015 at 7:22pm:

Dnarever wrote on Nov 2^nd, 2015 at 6:49pm:

Neferti wrote on Nov 2^nd, 2015 at 6:44pm:

Jovial Monk wrote on Nov 2^nd, 2015 at 6:18pm:

Also, it is very hard to get rid of the GST, would have to take away tax cuts—try taking that to an election—and get the states to reimpose all sorts of taxes. So, the GST has proved to be a lousy tax but it is just there, not removable until the economy improves—and it is declining.

A General Service Tax (GST) was much better than the old Wholesale/Retail tax system where some items were taxed as high as 33% as "luxury" items. Things such as TVs and so forth dropped in price, dramatically!

Fairly sure that TV's were not luxury items and TV's etc are going up 30% currently thanks to the RBA and Treasurer deliberately sinking the AUD.

The RBA does not target the exchange rate. It is not possible to target the interest rate and the exchange rate at the same time.

In the same week as the president of the RBA came out with a statement saying that the AUD was significantly overvalued, the Treasurer said almost the same thing.

RBA release Dec 2014.

Quote:

The exchange rate has traded at lower levels recently, in large part reflecting the strengthening US dollar. But the Australian dollar remains above most estimates of its fundamental value, particularly given the significant declines in key commodity prices in recent months. A lower exchange rate is likely to be needed to achieve balanced growth in the economy.

Quote:

Reserve Bank of Australia governor Glenn Stevens wants the dollar to fall to levels last seen a decade ago and says official interest rate cuts need to be delivered in a way that boosts confidence rather than remind people of the economy's woes........He indicated the currency should now be closer to about US75¢;

Read more: http://www.smh.com.au/business/the-economy/rba-governor-glenn-stevens-says-australian-dollar-better-at-us75-20141211-125g73.html#ixzz3qL8M32NF

The AUD was trading at about 93c at that time - It is now trading at 70c the difference largely driven by comments by the RBA and politicians. Nothing to do with fundamentals.

Quote:

Joe Hockey tells RBA he’s not happy with unbiased stance

The Reserve Bank of Australia’s move to a “neutral bias" on monetary policy has angered the Abbott government, which believes any upward pressure on the dollar makes economic management in the next two to three years more difficult.

The central bank has been informed directly of Treasurer Joe Hockey ’s displeasure.

Read more: http://www.afr.com/news/politics/national/joe-hockey-tells-rbahes-not-happy-with-unbiased-stance-20140421-ix3wx#ixzz3qLCljZmY
Follow us: @FinancialReview on Twitter | financialreview on Facebook

That's all lovely Dna but nothing there that shows the RBA has actually targeted a fixed exchange rate. If you think that the markets can be hoodwinked into slipping demand for the AUD by the Governor's whim then you're nuts. Stevens is simply uttering the likely trend. The dollar is down because the USD is gaining strength, the next interest rate movement is predicted to be down and the arse has fallen out of commodity prices.

The RBA can set an exchange rate by manipulating the money supply but in so doing they lose control of fixed interest rates. If you need more information then google 'open market operations' or get a macro textbook.

The proof is in the pudding - they were talking down the AUD and it responded by going down ?

Then a bit later the AUD started to recover and the RBA gave the AUD another verbal serve and guess what happened this time - right it fell again.

Awful lot of coincidences. The federal treasurer tells the RBA to put downward pressure on the AUD and then the RBA start talking the currency down. The AUD in response drops and then drops again as a result of the same verbal stimulus.

The bigger pudding is the commodity prices. The dollar tracks it very well. Funny about that.

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Very funny Scotty, now beam down my clothes.

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John Smith

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Re: Secret Plans Drawn UP To Lift GST
Reply #186 - Nov 3^rd, 2015 at 11:18am

Andrei.Hicks wrote on Nov 3^rd, 2015 at 10:56am:

People don't half bitch and moan.
Life is what you make of it. You decide things are tough, you don't get the breaks etc, life is unfair then you'll find it tough.
But if you get on with things you'll actually find like I have that life isn't really that hard at all.....

yeah ... most people on $300 000 plus a year find life isn't really that hard Andrei ...

try living on $30 000 a year.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith Gold Member Offline Australian Politics Posts: 75207 Gender:	Re: Secret Plans Drawn UP To Lift GST Reply #187 - Nov 3^rd, 2015 at 12:14pm A veteran Coalition senator is warning colleagues against increasing the GST rate, saying the Howard government "committed our promise to blood" that it would never rise. http://www.abc.net.au/news/2015-11-03/howard-government-promised-to-blood-not-to...
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Swagman

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Re: Secret Plans Drawn UP To Lift GST
Reply #188 - Nov 3^rd, 2015 at 12:52pm

Dnarever wrote on Nov 3^rd, 2015 at 10:44am:

Swagman wrote on Nov 3^rd, 2015 at 9:24am:

Dnarever wrote on Nov 3^rd, 2015 at 6:32am:

By the way anyone worked out the difference in GST on your shopping bill if they remove food as an exemption ?

When I currently do a full family shop it can be $330 or so and I pay about $12 GST. This would increase to $33.

Finding an extra $30 to $50 for the average family can be a game changer for their budget and this is just for food. It is also an extra $20 or so on the electricity bill, the rates, gas, phone etc.

This makes the fixed carbon price look like a x'mas present.

I currently buy 2 litres of milk a day @about $3.

A GST of 45 cents per day is $3.15 a week - 12.60 a month and $160 a year and just a little less for bread.

A 15% GST on food would mean an extra $300 a year just for bread and milk for me.

You righties should look at these numbers across the board and work out what this really means for people. Time to put the dogma away and stop being silly.

Low income earners and the average family

benefit most

from ANY taxation. GST not excluded. Huh

That $300 bucks would be returned in spades, even without any monetary compensation.

Look past your nose for a change.... Grin

WOW there is a bunch of silly unsupportable statements.

The problem is that the $300 for bread and milk is probably about 0.2 % of the total cost to the average family.

Go feed your dogma, I think its gone crazy.

Unsupported huh?

Really? So you think that no Govt benefit payments or services are means tested or provided on a concession basis?

What is the social security / welfare / Health & education expenditure by all Governments in Australia?

Now ask yourself who benefits 'most' from these things? Everyone equally, or low income earners and the average family?

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Its time

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Re: Secret Plans Drawn UP To Lift GST
Reply #189 - Nov 3^rd, 2015 at 12:56pm

John Smith wrote on Nov 3^rd, 2015 at 12:14pm:

A veteran Coalition senator is warning colleagues against increasing the GST rate, saying the Howard government "committed our promise to blood" that it would never rise.

http://www.abc.net.au/news/2015-11-03/howard-government-promised-to-blood-not-to...

Looks like its back to drawing board again , meanwhile the debt is getting bigger and bigger under the Libs .

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Dnarever

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Re: Secret Plans Drawn UP To Lift GST
Reply #190 - Nov 3^rd, 2015 at 3:08pm

Swagman wrote on Nov 3^rd, 2015 at 12:52pm:

Dnarever wrote on Nov 3^rd, 2015 at 10:44am:

Swagman wrote on Nov 3^rd, 2015 at 9:24am:

Dnarever wrote on Nov 3^rd, 2015 at 6:32am:

By the way anyone worked out the difference in GST on your shopping bill if they remove food as an exemption ?

When I currently do a full family shop it can be $330 or so and I pay about $12 GST. This would increase to $33.

Finding an extra $30 to $50 for the average family can be a game changer for their budget and this is just for food. It is also an extra $20 or so on the electricity bill, the rates, gas, phone etc.

This makes the fixed carbon price look like a x'mas present.

I currently buy 2 litres of milk a day @about $3.

A GST of 45 cents per day is $3.15 a week - 12.60 a month and $160 a year and just a little less for bread.

A 15% GST on food would mean an extra $300 a year just for bread and milk for me.

You righties should look at these numbers across the board and work out what this really means for people. Time to put the dogma away and stop being silly.

Low income earners and the average family

benefit most

from ANY taxation. GST not excluded. Huh

That $300 bucks would be returned in spades, even without any monetary compensation.

Look past your nose for a change.... Grin

WOW there is a bunch of silly unsupportable statements.

The problem is that the $300 for bread and milk is probably about 0.2 % of the total cost to the average family.

Go feed your dogma, I think its gone crazy.

Unsupported huh?

Really? So you think that no Govt benefit payments or services are means tested or provided on a concession basis?

What is the social security / welfare / Health & education expenditure by all Governments in Australia?

Now ask yourself who benefits 'most' from these things? Everyone equally, or low income earners and the average family?

Every time Average people are disadvantaged you support it wheeling out the same old tired line of they get all the benefits.

Yes much of the benefits do go across the board. Many low income families do not get much if anything from the government and yet a mountain of government money is given to people who are doing really well.

The bottom line is that improving education is not going to put food on a pensioners table or help someone unemployed in the short term.

Yes it is rubbish to continually claim that you can take it all away from the low paid because they get it all back anyway but you keep saying it.

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Dnarever

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Re: Secret Plans Drawn UP To Lift GST
Reply #191 - Nov 3^rd, 2015 at 3:26pm

crocodile wrote on Nov 3^rd, 2015 at 10:59am:

Dnarever wrote on Nov 3^rd, 2015 at 10:31am:

The proof is in the pudding - they were talking down the AUD and it responded by going down ?

Then a bit later the AUD started to recover and the RBA gave the AUD another verbal serve and guess what happened this time - right it fell again.

Awful lot of coincidences. The federal treasurer tells the RBA to put downward pressure on the AUD and then the RBA start talking the currency down. The AUD in response drops and then drops again as a result of the same verbal stimulus.

The bigger pudding is the commodity prices. The dollar tracks it very well. Funny about that.

http://www.rba.gov.au/statistics/images/commodity-prices.gif

http://research.perthmint.com.au/wp-content/uploads/2015/07/usdfx.png

You see from you gold price comparison that the AUD changed trend in the period we are talking about. It moved from being consistently above the gold rate to below it. In recent terms the AUD current at 70 c should be about 85c if the trend had remained consistent. The cross over correlates with the offending RBA statements, instead of letting the market respond to the gold price variations the RBA intervened with comments which drove the market lower than it should have gone as clearly shown in your chart.

Commodities in general do not necessarily have any impact on exchange rates.

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mariacostel

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Re: Secret Plans Drawn UP To Lift GST
Reply #192 - Nov 3^rd, 2015 at 4:06pm

Dnarever wrote on Nov 3^rd, 2015 at 10:34am:

mariacostel wrote on Nov 3^rd, 2015 at 7:57am:

Dnarever wrote on Nov 3^rd, 2015 at 6:32am:

By the way anyone worked out the difference in GST on your shopping bill if they remove food as an exemption ?

When I currently do a full family shop it can be $330 or so and I pay about $12 GST. This would increase to $33.

Finding an extra $30 to $50 for the average family can be a game changer for their budget and this is just for food. It is also an extra $20 or so on the electricity bill, the rates, gas, phone etc.

This makes the fixed carbon price look like a x'mas present.

I currently buy 2 litres of milk a day @about $3.

A GST of 45 cents per day is $3.15 a week - 12.60 a month and $160 a year and just a little less for bread.

A 15% GST on food would mean an extra $300 a year just for bread and milk for me.

You righties should look at these numbers across the board and work out what this really means for people. Time to put the dogma away and stop being silly.

What is it about 'compensation' that you cannot understand? You are more than happy to accept and understand te Carbon Tax compensation but when it is a policy by the Liberals suddenly your brain fails you?

COMPENSATION.... work it out.

You really think it is possible to compensate every Australian by that sort of number ? You could not be that stupid you are just playing the old record and not thinking.

You need to put that old dogma on a leash and grow a small crop of honesty.

You have a deeply negative view on just about everything. It must be hell inside your head. Do you work?

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crocodile

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Re: Secret Plans Drawn UP To Lift GST
Reply #193 - Nov 3^rd, 2015 at 4:16pm

Dnarever wrote on Nov 3^rd, 2015 at 3:26pm:

crocodile wrote on Nov 3^rd, 2015 at 10:59am:

Dnarever wrote on Nov 3^rd, 2015 at 10:31am:

The proof is in the pudding - they were talking down the AUD and it responded by going down ?

Then a bit later the AUD started to recover and the RBA gave the AUD another verbal serve and guess what happened this time - right it fell again.

Awful lot of coincidences. The federal treasurer tells the RBA to put downward pressure on the AUD and then the RBA start talking the currency down. The AUD in response drops and then drops again as a result of the same verbal stimulus.

The bigger pudding is the commodity prices. The dollar tracks it very well. Funny about that.

http://www.rba.gov.au/statistics/images/commodity-prices.gif

http://research.perthmint.com.au/wp-content/uploads/2015/07/usdfx.png

You see from you gold price comparison that the AUD changed trend in the period we are talking about. It moved from being consistently above the gold rate to below it. In recent terms the AUD current at 70 c should be about 85c if the trend had remained consistent. The cross over correlates with the offending RBA statements, instead of letting the market respond to the gold price variations the RBA intervened with comments which drove the market lower than it should have gone as clearly shown in your chart.

Commodities in general do not necessarily have any impact on exchange rates.

Gold is just another commodity. The Governor just simply can't wish the dollar to a new value.

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Very funny Scotty, now beam down my clothes.

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innocentbystander.

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Re: Secret Plans Drawn UP To Lift GST
Reply #194 - Nov 3^rd, 2015 at 4:35pm

John Smith wrote on Nov 3^rd, 2015 at 11:18am:

Andrei.Hicks wrote on Nov 3^rd, 2015 at 10:56am:

People don't half bitch and moan.
Life is what you make of it. You decide things are tough, you don't get the breaks etc, life is unfair then you'll find it tough.
But if you get on with things you'll actually find like I have that life isn't really that hard at all.....

yeah ... most people on $300 000 plus a year find life isn't really that hard Andrei ...

try living on $30 000 a year.

Anyone that has chosen to live on $30 000 a year in Australia has done so because of a lifestyle choice, not everyone wants to succeed and our generous welfare system has made totally sure that those that want to live a frugal unfulfilled life can.

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Poll
Question: Do you want to have a 15% GST?
Yes 7 (33.3%) No 14 (66.7%) Not sure 0 (0.0%) Total votes: 21 « Created by: Bobby. on: Nov 5^th, 2015 at 4:13pm »