Australian Politics Forum - Put A New Tax On Homes- Say The CEOs

imcrookonit

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Put A New Tax On Homes- Say The CEOs
Feb 26^th, 2011 at 6:08am

A NEW tax on owner-occupied homes to arrest soaring house prices is among extraordinary measures proposed by five of the country's most admired chief executives to address the dark side of the resources boom. Shocked

The chief executives said impacts from the boom, including higher cost of living, a shortage of staff and other industries withering, are Australia's greatest challenges.

Among the five executives named today at the top of the annual BusinessDay survey of most-admired chief executives is CSL chief Brian McNamee.

Mr McNamee said his global biotech business had challenges hiring the best and brightest in Melbourne because of the boom driving a higher cost of living. He said there was a need to impose a capital gains tax on owner-occupied homes to cap house prices.

''Capital gains tax free on housing is poor policy because fundamentally it over-encourages people to invest in their home,'' Dr McNamee said.

The chief executive of gold miner Newcrest, Ian Smith, called for consideration of radical proposals including:

■ Following a Swedish model of government support for secondary industries to remove a disproportionate focus on the resources industry.

■ Overhauling Australia's education system to fix a projected shortfall of 1700 mining engineers over the next five years.

Other chief executives who voiced concerns about the boom were Origin's Grant King, Cochlear's Chris Roberts and Wesfarmers' Richard Goyder. After the Henry tax review last year, the government ruled out changes to capital gains tax.

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imcrookonit Ex Member	Re: Put A New Tax On Homes- Say The CEOs Reply #1 - Feb 26^th, 2011 at 6:11am Well I suppose this must be a good idea. After all the Liberals love these overpaid CEO guys do they not.
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Bobby.

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Re: Put A New Tax On Homes- Say The CEOs
Reply #2 - Feb 26^th, 2011 at 6:14am

It seems that all governments can do is to think of new ways to tax people.
It would be better if they found new ways of not spending tax payers money.
They spend over $80 billion on just some public servants.
Look at the graph of how they spend our money.

Public servants create no money - they just cost money.

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imcrookonit Ex Member	Re: Put A New Tax On Homes- Say The CEOs Reply #3 - Feb 26^th, 2011 at 6:19am Yes bobby, but these guys are CEOs. You know, the ones that get paid on performance.
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mavisdavis Gold Member Offline Australian Politics Posts: 1512	Re: Put A New Tax On Homes- Say The CEOs Reply #4 - Feb 26^th, 2011 at 8:43am Quote: Yes bobby, but these guys are CEOs. You know, the ones that get paid on performance. You really do have a problem with success.
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Equitist

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Re: Put A New Tax On Homes- Say The CEOs
Reply #5 - Feb 26^th, 2011 at 8:55am

mavisdavis wrote on Feb 26^th, 2011 at 8:43am:

Quote:

Yes bobby, but these guys are CEOs. You know, the ones that get paid on performance. Sad

You really do have a problem with success.

FFS, when will people of your ilk start to challenge the notion that the assumed entitlement to double-digit profit growth and obscene remuneration levels for the parasitic elite few are a good thing for the stability and sustainability of our socio-economic systems!?

Notwithstanding that your version of 'success' obviously includes ruthless exploitation, kindly explain how CEO's have suddenly 'succeeded' at an increasingly-exponential rate relative to ordinary workers and politicians over the past few decades...

Could it be that there has been an undemocratic under-regulation by pollies of remuneration for their 'success' due to structural disempowerment of workers and customers (and shareholders)!?

Seriously, since when is any one individual more 'worthy' than 100 others!?

Oh, and since when did double digit profit growth help to control inflation - and therefore interest rates!?

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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Equitist

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Re: Put A New Tax On Homes- Say The CEOs
Reply #6 - Feb 26^th, 2011 at 9:02am

Bobby. wrote on Feb 26^th, 2011 at 6:14am:

It seems that all governments can do is to think of new ways to tax people.
It would be better if they found new ways of not spending tax payers money.
They spend over $80 billion on just some public servants.
Look at the graph of how they spend our money.

Public servants create no money - they just cost money.

At least public servants provide socio-economic stability and security at both a family, community, state and national level - and there are no dangerously-parasitic CEO's and shareholders to siphon-off billions in 'profits' into provide wealth accounts at the expense of the rest of us...

What's far worse than the dreaded Public Service, is that the parasitic sectors of minerals/mining and banking, finance, sharemarkets and insurance make nothing - and yet we have allowed them to dominate our entire socio-economic system and to greedily exploit with impunity...

For the same reasons, we must be careful not to allow our essential services and infrastructure to be privatised - we cannot allow individuals and households to be held to ransom on a daily basis over essential power and water supplies and health services in particular!

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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Equitist

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Re: Put A New Tax On Homes- Say The CEOs
Reply #7 - Feb 26^th, 2011 at 9:46am

Quote:

A NEW tax on owner-occupied homes to arrest soaring house prices is among extraordinary measures proposed by five of the country's most admired chief executives to address the dark side of the resources boom. Shocked

The chief executives said impacts from the boom, including higher cost of living, a shortage of staff and other industries withering, are Australia's greatest challenges.

Among the five executives named today at the top of the annual BusinessDay survey of most-admired chief executives is CSL chief Brian McNamee.

Mr McNamee said his global biotech business had challenges hiring the best and brightest in Melbourne because of the boom driving a higher cost of living. He said there was a need to impose a capital gains tax on owner-occupied homes to cap house prices.

''Capital gains tax free on housing is poor policy because fundamentally it over-encourages people to invest in their home,'' Dr McNamee said.

The chief executive of gold miner Newcrest, Ian Smith, called for consideration of radical proposals including:

■ Following a Swedish model of government support for secondary industries to remove a disproportionate focus on the resources industry.

■ Overhauling Australia's education system to fix a projected shortfall of 1700 mining engineers over the next five years.

Other chief executives who voiced concerns about the boom were Origin's Grant King, Cochlear's Chris Roberts and Wesfarmers' Richard Goyder. After the Henry tax review last year, the government ruled out changes to capital gains tax.

These gits are being self-serving - since not one of them has pointed to the grossly-distorting effects of several of the Howardian Era policies - all of which have channelled funds into CEO's pockets as well as out of residential property investment into the parasitic stockmarket - and most notably: -

* Gearing on shares

* CGT concessions on shares

* No GST or FTT on shares

* Superannuation Tax Concessions (and associated salary sacrificing and funneling into shares)

* High-end tax cuts (which have disproportionately-increased disposable incomes amongst middle-high income earners)

Then there has been: -

* 'Record low' interest rates

* Chronic under-investment in Public Housing

* Massive increases in immigration - without corresponding public and private investment in housing and other infrastructure to house them

* Under-regulation of CEO remuneration which has contributed to rapid polarisation of income, wealth and debt

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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mavisdavis

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Re: Put A New Tax On Homes- Say The CEOs
Reply #8 - Feb 26^th, 2011 at 12:13pm

Equitist wrote on Feb 26^th, 2011 at 9:02am:

Bobby. wrote on Feb 26^th, 2011 at 6:14am:

It seems that all governments can do is to think of new ways to tax people.
It would be better if they found new ways of not spending tax payers money.
They spend over $80 billion on just some public servants.
Look at the graph of how they spend our money.

Public servants create no money - they just cost money.

At least public servants provide socio-economic stability and security at both a family, community, state and national level - and there are no dangerously-parasitic CEO's and shareholders to siphon-off billions in 'profits' into provide wealth accounts at the expense of the rest of us...

What's far worse than the dreaded Public Service, is that the parasitic sectors of minerals/mining and banking, finance, sharemarkets and insurance make nothing - and yet we have allowed them to dominate our entire socio-economic system and to greedily exploit with impunity...

For the same reasons, we must be careful not to allow our essential services and infrastructure to be privatised - we cannot allow individuals and households to be held to ransom on a daily basis over essential power and water supplies and health services in particular!

Public servants opreate in a non competitive, non realistic environment. Public servants are a drain on the public purse, virtually unsackable, and non accountable, their opperational systems are designed for the unthrifty brain dead, with no demand for performance.

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qikvtec

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Re: Put A New Tax On Homes- Say The CEOs
Reply #9 - Feb 26^th, 2011 at 2:31pm

Equitist wrote on Feb 26^th, 2011 at 9:02am:

Bobby. wrote on Feb 26^th, 2011 at 6:14am:

It seems that all governments can do is to think of new ways to tax people.
It would be better if they found new ways of not spending tax payers money.
They spend over $80 billion on just some public servants.
Look at the graph of how they spend our money.

Public servants create no money - they just cost money.

At least public servants provide socio-economic stability and security at both a family, community, state and national level - and there are no dangerously-parasitic CEO's and shareholders to siphon-off billions in 'profits' into provide wealth accounts at the expense of the rest of us...

What's far worse than the dreaded Public Service, is that the parasitic sectors of minerals/mining and banking, finance, sharemarkets and insurance make nothing - and yet we have allowed them to dominate our entire socio-economic system and to greedily exploit with impunity...

For the same reasons, we must be careful not to allow our essential services and infrastructure to be privatised - we cannot allow individuals and households to be held to ransom on a daily basis over essential power and water supplies and health services in particular!

The public "service" is full of sloth and laziness and is a scourge on the tax paying public. The only shame of Kevin Rudd's demise is that he didn't get to take to the public service with his razor gang and cut it by 1/3-1/2.

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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Lisa Jones

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Re: Put A New Tax On Homes- Say The CEOs
Reply #10 - Feb 26^th, 2011 at 2:46pm

He said there was a need to impose a capital gains tax on owner-occupied homes to cap house prices.

''Capital gains tax free on housing is poor policy because fundamentally it over-encourages people to invest in their home

- extract from the OP

Absolute cr@p of the highest order!

How does such half backed madness ever find its way into published print??

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Equitist

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Re: Put A New Tax On Homes- Say The CEOs
Reply #11 - Feb 26^th, 2011 at 2:54pm

Take heart, folks - these amoral gits are running some of Australia's most 'successful' corporations - and they get to choose how small a proportion of their considerable income and wealth goes into providing shelter for themselves and their families...

Besides, they spend much of their lives flying first class and staying in 5 star hotels and resorts...and being chauffeurred around in style in between...

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Lamenting the shift in the Australian psyche, away from the egalitarian ideal of the fair-go - and the rise of short-sighted pollies, who worship the 'Growth Fairy' and seek to divide and conquer!

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Lisa Jones

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Re: Put A New Tax On Homes- Say The CEOs
Reply #12 - Feb 26^th, 2011 at 4:43pm

A NEW tax on owner-occupied homes to arrest soaring house prices is among extraordinary measures proposed by five of the country's most admired chief executives to address the dark side of the resources boom.

- from the OP

In short .. 5 mates/drinking buddies admired chief executives got together for some WOFTAM piss up corporate executive business seminar/luncheon, during which one of them spewed logically arrived at this idea .. and now we're privileged to read the resultant drunk fuelled rant conclusion.

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Equitist Gold Member Offline Australian Politics Posts: 9632 NSW	Re: Put A New Tax On Homes- Say The CEOs Reply #13 - Feb 26^th, 2011 at 4:46pm Who admires these silvertailed gits!? Not moi!
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Equitist Gold Member Offline Australian Politics Posts: 9632 NSW	Re: Put A New Tax On Homes- Say The CEOs Reply #14 - Feb 26^th, 2011 at 4:49pm So, which segment of that chart does the Australian War Memorial's $38-odd Million annual budget come from?
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