Australian Politics Forum - Jacking Up The GST Is Not The Answer

Jovial Monk

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Re: Jacking Up The GST Is Not The Answer
Reply #75 - Jan 12^th, 2016 at 6:53pm

longweekend58 wrote on Jan 12^th, 2016 at 5:01pm:

Jovial Monk wrote on Jan 12^th, 2016 at 3:38pm:

The tax exemptions on super will cost the Budget $170Bn over the forward estimates. Let us look at them, eh? Then move on to multinational tax avoidance.

sounds like someone who doesnt have super.

what about we get rid of the aged pension? same amount of money but I tip you are a pensioner.

Abuse is all you got, isn’t it, Longy?

Support for Libs dropped 1.5% on Morgan polls. They will be in negative territory before long Cheesy

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Dnarever Gold Member Offline Australian Politics Posts: 61256 Here Gender:	Re: Jacking Up The GST Is Not The Answer Reply #76 - Jan 12^th, 2016 at 7:00pm Attacking superannuation will only make more people worse off. I would think that fixing the rorts is important but in general Super is a very good thing. In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.
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Jovial Monk

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Re: Jacking Up The GST Is Not The Answer
Reply #77 - Jan 12^th, 2016 at 7:05pm

There are a relatively few people using super as a tax minimisation scheme, using the last big stupid decision of Howard & Costello.

That has to be stopped. Those people will still retire on comfortable income from super but they can pay tax on it and get the pension.

Plenty other rorts to go after as well. Raise the GST is a Lib desire not a rational act of economic or Budgetary management.

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #78 - Jan 12^th, 2016 at 7:07pm

longweekend58 wrote on Jan 12^th, 2016 at 6:37pm:

John Smith wrote on Jan 12^th, 2016 at 5:15pm:

longweekend58 wrote on Jan 12^th, 2016 at 5:06pm:

and you think removing super exemptions wont have largely the same effect?

really? you want to pretend if you don't get tax exemptions on your $2m super fund you'll starve? Grin

longweekend58 wrote on Jan 12^th, 2016 at 5:06pm:

thats why cleverer people than you (eg downs suffererers

both still above any level you can ever hope to achieve

longweekend58 wrote on Jan 12^th, 2016 at 5:06pm:

because of ideoology.

got nothing to do with ideology .,... we simply cannot afford it

longweekend58 wrote on Jan 12^th, 2016 at 5:06pm:

i underlined the words you dont understand so you can google them

like you did?

its not exemptions on $2M+, twitface. it is exemptions on EVERYBODY'S SUPER - including yours.

idiot.

you're not helping your case idiot

remove the exemptions, i certainly won't starve. Grin

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #79 - Jan 12^th, 2016 at 7:09pm

Jovial Monk wrote on Jan 12^th, 2016 at 6:53pm:

longweekend58 wrote on Jan 12^th, 2016 at 5:01pm:

Jovial Monk wrote on Jan 12^th, 2016 at 3:38pm:

The tax exemptions on super will cost the Budget $170Bn over the forward estimates. Let us look at them, eh? Then move on to multinational tax avoidance.

sounds like someone who doesnt have super.

what about we get rid of the aged pension? same amount of money but I tip you are a pensioner.

Abuse is all you got, isn’t it, Longy?

Support for Libs dropped 1.5% on Morgan polls. They will be in negative territory before long Cheesy

without the abuse he'd have nothing else to say ... he certainly doesn't argue for or against.

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #80 - Jan 12^th, 2016 at 7:10pm

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

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Swagman

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Re: Jacking Up The GST Is Not The Answer
Reply #81 - Jan 12^th, 2016 at 7:22pm

John Smith wrote on Jan 12^th, 2016 at 7:10pm:

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

True

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Bam

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Re: Jacking Up The GST Is Not The Answer
Reply #82 - Jan 12^th, 2016 at 7:23pm

longweekend58 wrote on Jan 12^th, 2016 at 12:12pm:

Dnarever wrote on Jan 12^th, 2016 at 6:11am:

Not sure what socialism has to do with jacking up the GST.

An action that both governments went into the last election with strong commitment to not do and now the Liberals are going to increase the GST as their first preference.

not true. labor opposes the GST because the Libs proposed despite it being the ALPs preference for a while.

Incorrect. Labor opposes it because it is a bad idea. Morrison has explicitly stated his intention to use the increase in the GST to transfer the burden of taxation from corporations to ordinary taxpayers (using the increase to fund a company tax cut). Increasing the GST is not an option to be pursued when there are so many other things we could do first, such as closing tax loopholes that leak billions in revenue. That should be the first priority for a competent Treasurer who wishes to balance the Budget while alienating the fewest voters.

longweekend58 wrote on Jan 12^th, 2016 at 12:12pm:

and the libs did NOT promise to not increase the GST, only that they would not do so without seeking a mandate from the voters.

They have already breached their commitment by changing the GST after promising not to do so.

longweekend58 wrote on Jan 12^th, 2016 at 12:12pm:

now DNA... this is what truth looks like rather than the ignorant rubbish you peddle.

No, that's what LIES look like.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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Sir Grappler Truth Teller OAM Gold Member Offline Australian Politics Posts: 89857 Proud Old White Australian Man Gender:	Re: Jacking Up The GST Is Not The Answer Reply #83 - Jan 12^th, 2016 at 7:24pm Longy took a near infarction and developed PTSD over the Newman disaster in Queensland.... it shows in his grumpy attitude... coupled with Optical Rectalitis which gives a crappy outlook - well - it's a sad case...
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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #84 - Jan 12^th, 2016 at 7:24pm

Swagman wrote on Jan 12^th, 2016 at 7:22pm:

John Smith wrote on Jan 12^th, 2016 at 7:10pm:

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

True

what makes it worse, the pensioner who tries to work a couple of days a week to make a little extra cash, loses 50% of what he gains in cuts to his pension ... ridiculous. Let him earn it and then tax him at normal rates.

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Bam

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Re: Jacking Up The GST Is Not The Answer
Reply #85 - Jan 12^th, 2016 at 7:25pm

John Smith wrote on Jan 12^th, 2016 at 7:10pm:

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

A similar argument can be made against CGT concessions.

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #86 - Jan 12^th, 2016 at 7:33pm

Bam wrote on Jan 12^th, 2016 at 7:25pm:

John Smith wrote on Jan 12^th, 2016 at 7:10pm:

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

A similar argument can be made against CGT concessions.

it can, and should. The biggest difference however is that capital gains is usually a one off and not an ongoing income source.

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Dnarever

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Re: Jacking Up The GST Is Not The Answer
Reply #87 - Jan 12^th, 2016 at 7:35pm

John Smith wrote on Jan 12^th, 2016 at 7:10pm:

Dnarever wrote on Jan 12^th, 2016 at 7:00pm:

Attacking superannuation will only make more people worse off.

I would think that fixing the rorts is important but in general Super is a very good thing.

In my opinion retrospectivly screwing a lot of people who have spent the last 45 years saving for their retirement is an awful thing to try on.

no ones screwing anyone ... they still have their money. But why should someone making $100 000 in interest on super have it tax free when the guy working for $40k a year pays tax?

You know that the average superannuation savings is little over $120K. They don't get $100K interest.

People locked money into Super over 40 years ago on the basis that it would be tax advantaged when they reached 55 , now 60. The government put the tax incentive in place to encourage people to save for retirement, to now penalise the people who took the incentive would be unreasonable and unfair.

Many people would have not bothered to save money in superannuation without the incentive, to retrospectively change the position people spent over 40 years to get to would be disgraceful.

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #88 - Jan 12^th, 2016 at 7:39pm

Dnarever wrote on Jan 12^th, 2016 at 7:35pm:

They don't get $100K interest.

Any income over and above the pension should be taxed. The amount is irrelevant. And I don't agree that many don't get $100 k interest. Many do and use SMSF's just for this purpose. SMSF's are the fastest growing industry in this country for a reason.

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John Smith

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Re: Jacking Up The GST Is Not The Answer
Reply #89 - Jan 12^th, 2016 at 7:41pm

Dnarever wrote on Jan 12^th, 2016 at 7:35pm:

to retrospectively change the position people spent over 40 years to get to would be disgraceful.

I'm not changing their position. They still have their super at whatever amounts they would have with no changes. I'm not calling to tax the super ... only the income they earn on it.

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