Australian Politics Forum - Howards Tax Cuts Undid Abbott

Swagman

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Re: Howards Tax Cuts Undid Abbott
Reply #15 - Jan 3^rd, 2015 at 9:56am

This is such a 'dud' argument.

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

St George of the Garden wrote on Jan 3^rd, 2015 at 9:36am:

They sold $90Bn of public assets to pay a $70Bn debt

If there was no Labor debt there would have been no reason to sell?

Besides it's not like Labor didn't sell anything?

Which Bank?

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longweekend58

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Re: Howards Tax Cuts Undid Abbott
Reply #16 - Jan 3^rd, 2015 at 9:59am

Sir Grappler Truth Teller OAM wrote on Jan 3^rd, 2015 at 9:46am:

.... and everybody else..... their fixation on upgrading the 'mining boom' left us with nothing to deal with the real world when it returned here.....

Liberal policy in the 1980's gave us affirmative action in the public service and its creep into other arenas of work and life... thus directly contributing to our current massive unemployed and under-employed.

Liberal and Labor policy in finding total non-laws with which to assail the legitimate gun-owning and potentially gun-owning public rendered countless innocents into 'created criminals', and has lead us directly into the current murk and myre of relationships between men and women, and the rise of the Feminazi.

'Rights Creep' laws such as 0.05 PCA, when the rest of the civilised world has a standard of 0.08 and a working stiff can be done for 0.051 for drinking two schooners on his way home from work..... thus recouping revenue and offering a 'halo effect' over the general public as part of the Reign of Terror in order to exert social control without much effort in pursuing crime.

You name it - past governments have a myriad of things to answer for... I think all of them would be best served by shutting their mouths at the moment..... lest they find themselves lying on the ground looking back at their body in the guillotine...

you come up with so much crap some times.

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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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Sir Grappler Truth Teller OAM

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Re: Howards Tax Cuts Undid Abbott
Reply #17 - Jan 3^rd, 2015 at 10:03am

longweekend58 wrote on Jan 3^rd, 2015 at 9:59am:

Sir Grappler Truth Teller OAM wrote on Jan 3^rd, 2015 at 9:46am:

.... and everybody else..... their fixation on upgrading the 'mining boom' left us with nothing to deal with the real world when it returned here.....

Liberal policy in the 1980's gave us affirmative action in the public service and its creep into other arenas of work and life... thus directly contributing to our current massive unemployed and under-employed.

Liberal and Labor policy in finding total non-laws with which to assail the legitimate gun-owning and potentially gun-owning public rendered countless innocents into 'created criminals', and has lead us directly into the current murk and myre of relationships between men and women, and the rise of the Feminazi.

'Rights Creep' laws such as 0.05 PCA, when the rest of the civilised world has a standard of 0.08 and a working stiff can be done for 0.051 for drinking two schooners on his way home from work..... thus recouping revenue and offering a 'halo effect' over the general public as part of the Reign of Terror in order to exert social control without much effort in pursuing crime.

You name it - past governments have a myriad of things to answer for... I think all of them would be best served by shutting their mouths at the moment..... lest they find themselves lying on the ground looking back at their body in the guillotine...

you come up with so much crap some times.

.. and you are totally incapable of responding to FACTS with any valid answer... good day to you.....

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John Smith

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Re: Howards Tax Cuts Undid Abbott
Reply #18 - Jan 3^rd, 2015 at 10:06am

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

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longweekend58

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Re: Howards Tax Cuts Undid Abbott
Reply #19 - Jan 3^rd, 2015 at 10:08am

longweekend58 wrote on Jan 3^rd, 2015 at 9:42am:

Bam wrote on Jan 3^rd, 2015 at 9:31am:

I've been saying for a while now that Costello's biggest mistake as Treasurer was funding permanent budget measures out of temporary revenue. Costello had better options, some examples:
* invest in infrastructure, perhaps by creating an infrastructure fund
* put the proceeds into the Future Fund
* buy back outstanding government bonds

These are examples of temporary expenditure that offer a benefit to the country and where spending can be stopped without causing political pain.

Costello did none of these things. Instead, he cut taxes and ramped up middle class welfare. The massive expansion of middle class welfare under the Howard government was their worst legacy, and it's going to take some years to unravel this waste. Cutting taxes was also a poor decision.

this is a trick question.

Are you in favour of automatic tax indexation?

You know what I am leading to so it will be interesting to see what you reply with - if you reply at all.[/

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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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longweekend58

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Re: Howards Tax Cuts Undid Abbott
Reply #20 - Jan 3^rd, 2015 at 10:09am

John Smith wrote on Jan 3^rd, 2015 at 10:06am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

the only time labor tried to cut spending was when they could take it from the 'rich'

did they reverse Howards tax cuts? of course not.

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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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John Smith

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Re: Howards Tax Cuts Undid Abbott
Reply #21 - Jan 3^rd, 2015 at 10:12am

longweekend58 wrote on Jan 3^rd, 2015 at 10:09am:

John Smith wrote on Jan 3^rd, 2015 at 10:06am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

the only time labor tried to cut spending was when they could take it from the 'rich'

did they reverse Howards tax cuts? of course not.

ahh, the take it from the rich argument ... and then you cry that there is no middle class wealthfare Cheesy

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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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Swagman

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Re: Howards Tax Cuts Undid Abbott
Reply #22 - Jan 3^rd, 2015 at 10:22am

John Smith wrote on Jan 3^rd, 2015 at 10:06am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

I'm not complaining Smithy. I'm just pointing out that Labor had 2 terms to reverse Howard's tax cuts and GST and did effall which makes this structural deficit argument a dud.

Maybe Access economics should factor in the loss of 50% of GST revenues for 20 years after Dr John's Fightback policy was howled down by you Truebelievers?

Besides Labor in a way did reverse the tax cuts by accumulating a massive debt. It's friggin tax-payers that have to pay the interest and taxpayers that have to pay it back.

That is a defacto tax increase with minimal political flack.

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Armchair_Politician

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Re: Howards Tax Cuts Undid Abbott
Reply #23 - Jan 3^rd, 2015 at 10:24am

longweekend58 wrote on Jan 3^rd, 2015 at 9:44am:

St George of the Garden wrote on Jan 3^rd, 2015 at 9:36am:

Armchair_Politician wrote on Jan 3^rd, 2015 at 8:39am:

Quote:

The Howard government have had their time. They are now where they belong. In the rubbish bin of history. With their workchoices.

Yes, shame on Howard and Costello for paying off Keatings' debt and leaving office with a string of surpluses and billions in the bank. It'd have been much better that they didn't have a single surplus, ran up a debt nearing half a trillion dollars and deterred investment by introducing carbon and mining taxes!

They sold $90Bn of public assets to pay a $70Bn debt which included a fair whack of Treasurer Howard debt. The surpluses all got spent—tax cuts, buying vote, middleclass welfare and pork. There were no billions of dollars “banked.”

Not only has the H&C irresponsible spending rooted the Budget the boom all this spending fanned means that we have a private sector heavily in debt, so heavily that even the low interest rates applying now are not tempting people to borrow and spend.

as you do so spectacularly well, you got everything wrong. they sold around $50B in assets to pay down a $96B debt of which just $9B was accrued during Howards time. They also put $45B into the bank in cash as well as created a $80B future fund or a grant total of $220B EXTRA that didn't exist before.

you claim the surpluses were spent - but they weren't.

Maths isn't Georgie-Girl's strong point...

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longweekend58

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Re: Howards Tax Cuts Undid Abbott
Reply #24 - Jan 3^rd, 2015 at 10:26am

John Smith wrote on Jan 3^rd, 2015 at 10:12am:

longweekend58 wrote on Jan 3^rd, 2015 at 10:09am:

John Smith wrote on Jan 3^rd, 2015 at 10:06am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

the only time labor tried to cut spending was when they could take it from the 'rich'

did they reverse Howards tax cuts? of course not.

ahh, the take it from the rich argument ... and then you cry that there is no middle class wealthfare Cheesy

it remains true just the same.

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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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John Smith

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Re: Howards Tax Cuts Undid Abbott
Reply #25 - Jan 3^rd, 2015 at 10:30am

longweekend58 wrote on Jan 3^rd, 2015 at 10:26am:

John Smith wrote on Jan 3^rd, 2015 at 10:12am:

longweekend58 wrote on Jan 3^rd, 2015 at 10:09am:

John Smith wrote on Jan 3^rd, 2015 at 10:06am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

from the bloke who whinged every time labor tried to cut spending ....

weren't you complaining every time labor tried to means test something? didn't you complain when labor tried to remove some tax perks for cars? You bitched and moaned every time they tried to cut something, and then you complain labor did nothing? Grin

the only time labor tried to cut spending was when they could take it from the 'rich'

did they reverse Howards tax cuts? of course not.

ahh, the take it from the rich argument ... and then you cry that there is no middle class wealthfare Cheesy

it remains true just the same.

It remains true for a reason ...
govt. is there to act as a back stop for those struggling, not to give back rebates to those that pay tax.

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St George of the Garden

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Re: Howards Tax Cuts Undid Abbott
Reply #26 - Jan 3^rd, 2015 at 10:33am

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

This is such a 'dud' argument.

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

St George of the Garden wrote on Jan 3^rd, 2015 at 9:36am:

They sold $90Bn of public assets to pay a $70Bn debt

If there was no Labor debt there would have been no reason to sell?

Besides it's not like Labor didn't sell anything?

http://i17.photobucket.com/albums/b76/timbo2530/Untitled-2.jpg

Which Bank?

So, where am I wrong?

Costello would have sold the assets anyway—and the lack of income from these former public assets is another drag on the Budget.

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longweekend58

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Re: Howards Tax Cuts Undid Abbott
Reply #27 - Jan 3^rd, 2015 at 10:39am

St George of the Garden wrote on Jan 3^rd, 2015 at 10:33am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

This is such a 'dud' argument.

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

St George of the Garden wrote on Jan 3^rd, 2015 at 9:36am:

They sold $90Bn of public assets to pay a $70Bn debt

If there was no Labor debt there would have been no reason to sell?

Besides it's not like Labor didn't sell anything?

http://i17.photobucket.com/albums/b76/timbo2530/Untitled-2.jpg

Which Bank?

So, where am I wrong?

Costello would have sold the assets anyway—and the lack of income from these former public assets is another drag on the Budget.

you are wrong on everything. every figure is wrong. you never get anything right or even close.

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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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Armchair_Politician

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Re: Howards Tax Cuts Undid Abbott
Reply #28 - Jan 3^rd, 2015 at 10:41am

longweekend58 wrote on Jan 3^rd, 2015 at 10:39am:

St George of the Garden wrote on Jan 3^rd, 2015 at 10:33am:

Swagman wrote on Jan 3^rd, 2015 at 9:56am:

This is such a 'dud' argument.

Labor had plenty of time in office to reverse Howard's tax cuts and Howard's GST?

St George of the Garden wrote on Jan 3^rd, 2015 at 9:36am:

They sold $90Bn of public assets to pay a $70Bn debt

If there was no Labor debt there would have been no reason to sell?

Besides it's not like Labor didn't sell anything?

http://i17.photobucket.com/albums/b76/timbo2530/Untitled-2.jpg

Which Bank?

So, where am I wrong?

Costello would have sold the assets anyway—and the lack of income from these former public assets is another drag on the Budget.

you are wrong on everything. every figure is wrong. you never get anything right or even close.

Hard to believe they still don't comprehend the simple fact that Labor had ample time and plenty of opportunity to change Howard and Costello's tax cuts if they felt so strongly about them being such a bad thing, yet Swan failed to even TRY to do that.

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Redmond Neck

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Re: Howards Tax Cuts Undid Abbott
Reply #29 - Jan 3^rd, 2015 at 10:42am

John Hewson, former Liberal leader, economist and now professor with the Crawford School of Public Policy at the Australian National University, underlines the point: “The tax cuts Howard and Costello gave are now costing [the budget] about $30 billion a year, and the deficit’s $40 billion.”

Without those cuts and the $9 billion Hockey gave – unasked for and against the will of treasury – to the Reserve Bank, says Hewson, “the deficit problem wouldn’t exist”.

And that’s without including some $40 billion in tax concessions for superannuation, which accrue overwhelmingly to the wealthiest 20 per cent of taxpayers.

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