aussie-boy
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- 2008
From news.com.au:
Pensioners and carers
Australia's four million pensioners, carers, and seniors will benefit from December 8.
Single pensioners will receive a lump sum payment of $1400 while pensioner couples will receive $2100.
People receiving the carers allowance will also receive $1000 for each eligible person in their care.
First homebuyers
First homebuyers will be eligible for grants of up to $21,000 designed to stimulate housing activity.
The scheme will be time limited. All contracts entered into by June 30 next year will be eligible for the new assistance.
The payment under the first home buyers scheme will be doubled from $7000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.
The Government will invest about $1.5 billion in the housing market over 2008/09 and 2009/10 through this initiative.
Money for kids
The Government said about 3.9 million Australian children will receive a $1000 one-off benefit from December 8.
Families who receive Family Tax Benefit (A), families with children who receive the Youth Allowance, Abstudy or a benefit from the Veteran Children's Education scheme will be eligible.
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IHMO, this is bullshit. heres why:
assuming the economy actually requires stimulus, there are 2 ways to go about it:
-give money directly to poor people
-spend money on public services and infrastructure (eventually going to the pockets of workers anyway)
rudd has picked the first
Yes, the people who receive the money will have a higher MPC than the construction executives and teachers (=a quick growth boost)
however, over the long term, smarter people who get to work faster will promote faster and more sustainable growth anyway
Pensioners and carers
Australia's four million pensioners, carers, and seniors will benefit from December 8.
Single pensioners will receive a lump sum payment of $1400 while pensioner couples will receive $2100.
People receiving the carers allowance will also receive $1000 for each eligible person in their care.
First homebuyers
First homebuyers will be eligible for grants of up to $21,000 designed to stimulate housing activity.
The scheme will be time limited. All contracts entered into by June 30 next year will be eligible for the new assistance.
The payment under the first home buyers scheme will be doubled from $7000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.
The Government will invest about $1.5 billion in the housing market over 2008/09 and 2009/10 through this initiative.
Money for kids
The Government said about 3.9 million Australian children will receive a $1000 one-off benefit from December 8.
Families who receive Family Tax Benefit (A), families with children who receive the Youth Allowance, Abstudy or a benefit from the Veteran Children's Education scheme will be eligible.
-----------------------------------------------------------------------------------
IHMO, this is bullshit. heres why:
assuming the economy actually requires stimulus, there are 2 ways to go about it:
-give money directly to poor people
-spend money on public services and infrastructure (eventually going to the pockets of workers anyway)
rudd has picked the first
Yes, the people who receive the money will have a higher MPC than the construction executives and teachers (=a quick growth boost)
however, over the long term, smarter people who get to work faster will promote faster and more sustainable growth anyway
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