Criminal Krudd to hand over our wealth (3 Viewers)

[sophistikahtee]

I don't see why you all whinge.

Nobody is starving. Those who are getting taxed about 50%, are still left with a generous disposable income that gives them quite a comfortable way of life.

Stop being so demanding. The world doesn't owe you shit.

 

[Lentern]

The feeling fades when your effective marginal rate is more than 50%

Actually I never had that feeling at all... what I had was the feeling of personal pride and individual accomplishment when I earned my first pay and then chose to spend it in the manner which I saw fit. And I've been feeling that ever since.

Yes well for better of for worse I've never had that particular feeling. From day dot I was told some it HAD to go towards a super fund and some of it had to go to the government. And I feel better for it.

 

[Planck]

Yes well for better of for worse I've never had that particular feeling. From day dot I was told some it HAD to go towards a super fund and some of it had to go to the government. And I feel better for it.

Christ your aspergers is bad.

 

[jennyfromdabloc]

Nobody is starving. Those who are getting taxed about 50%, are still left with a generous disposable income that gives them quite a comfortable way of life.

Those who are supposed to be paying about 50% are actually paying closer to 5% because they have the resources to evade tax.

In reality taxes are just a regressive burden on the middle and working classes.

Even those who pay little or no income tax get hit pretty hard by GST, excises and inflation.

 

[jennyfromdabloc]

Christ your aspergers is bad.

The state gives him a sense of belonging he couldn't otherwise get, because no one would voluntarily interact with him.

 

[Planck]

The world doesn't owe you shit.

But apparently the government does and we need a Leviathan?

 

[Lentern]

The state gives him a sense of belonging he couldn't otherwise get, because no one would voluntarily interact with him.

You've never actually been in a university have you?

 

[slively03]

Don't blame me I voted Liberal.

 

[Lentern]

Don't blame me I voted Liberal.

Wow you're party have really vindicated that decision in the past 12 months.

 

[slively03]

Why aren't there any actual *good* political parties?

 

[jennyfromdabloc]

Why aren't there any actual *good* political parties?

The same reason there are no good muggers, or rapists, or mafia groups.

Politics is immoral by its very nature.

 

[slively03]

The same reason there are no good muggers, or rapists, or mafia groups.

Politics is immoral by its very nature.

What about individual liberty and minimal government?

 

[jennyfromdabloc]

What about individual liberty and minimal government?

Yeah I'm pretty much wrong.

I suppose its possible for a politician to be good if they want to wind back government, like Ron Paul or Peter Schiff.

But overwhelming politics incentivizes people to rent seek and do terrible things.

Politics is like a market for power. You buy politicians by funding their campaigns, and in return they give you favorable laws and concessions. If you promise to wind back all concessions and laws that privilege certain groups, no one is going to back you, and the mainstream media is going to ridicule you and call you and extremist.

 

[loquasagacious]

Those who are supposed to be paying about 50% are actually paying closer to 5% because they have the resources to evade tax.

In reality taxes are just a regressive burden on the middle and working classes.

Even those who pay little or no income tax get hit pretty hard by GST, excises and inflation.

Actually as a result of inflation causing bracket creep I think that there are plenty of people who are paying a marginal rate of ~40% (income tax plus ML/etc)... after all you just need to earn $80k+ to do that...

To actually approach an effective rate of 45% people would have to be millionaires (although the marginal rate cuts in at $180k). I am inclined to doubt that all (or even most) millionaires are so adept at avoiding tax that they only pay an effective rate of 5%. But it doesn't really matter because there are relatively few of them so the tax that they avoid or pay is of little impact when compared to the great majority of the pop who are on between 35 and 80k who pay an effective rate of 12.4-22.3% (+ML/etc)

 

[slively03]

Actually as a result of inflation causing bracket creep I think that there are plenty of people who are paying a marginal rate of ~40% (income tax plus ML/etc)... after all you just need to earn $80k+ to do that...

To actually approach an effective rate of 45% people would have to be millionaires (although the marginal rate cuts in at $180k). I am inclined to doubt that all (or even most) millionaires are so adept at avoiding tax that they only pay an effective rate of 5%. But it doesn't really matter because there are relatively few of them so the tax that they avoid or pay is of little impact when compared to the great majority of the pop who are on between 35 and 80k who pay an effective rate of 12.4-22.3% (+ML/etc)

I'd actually say that probably half the population pay no net tax considering welfare churn.

 

[chicky_pie]

Just in: Mirabella and Abbott quits front bench because of the Global Warming hoax Turnbull signed with the devil krudd

 

[loquasagacious]

I'd actually say that probably half the population pay no net tax considering welfare churn.

I don't know if the figures are actually half but it is a big issue. I don't think it is helpful to frame it as 'paying no tax' because that tends to cast it in a good light when it is actually a bad thing...

 

[SylviaB]

Why aren't there any actual *good* political parties?

Closest thing to good political party in Australia:

Liberal Democratic party

 

[jennyfromdabloc]

To actually approach an effective rate of 45% people would have to be millionaires (although the marginal rate cuts in at $180k). I am inclined to doubt that all (or even most) millionaires are so adept at avoiding tax that they only pay an effective rate of 5%.

Good points.

Wage earners on high incomes (180k+) probably do pay a lot of tax, which is hugely unfair.

I was talking more about a very small group of extremely wealthy people, all multimillionaires or billionaires, who have the resources to avoid almost all of their tax obligations. For many years, Kerry Packer paid close 1%.

Of course I still applaud these wealthy people on their tax evasion and wish them every success. But the point is that the system does not actually redistribute money from the very rich owners of factors of production to the workers, quite the opposite. Remember a medical specialist, or a senior manager making 500k a year is still a wage laborer.

 

[moll.]

i thought it was an awesome plan until they amend it and instead of those big carbon farting factories paying the tax we had to pay the tax AND THEY WERE EXEMPTED FROM IT!! i mean like COME ON ARE YOU SERIOUS? THOSE MONEY MAKING FAGS DONT HAVE TO PAY AND US HARD WORKING AUSTRALIAN GENERAL PUBLIC HAVE TO GIVE THEM MONEY TO WIPE THEIR ASS????


PISS OFF!!!!

It's after 8pm now. Time for bed, kiddo.