Australian Politics Forum - The Unaffordable Tax Cuts

miketrees Gold Member Offline Australian Politics Posts: 6488 Gender:	Re: The Unaffordable Tax Cuts Reply #30 - Nov 21^st, 2017 at 9:40pm A 15% GST would solve a lot of our problems. We could cut tax rates then.
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crocodile Gold Member Offline Australian Politics Posts: 6682 Gender:	Re: The Unaffordable Tax Cuts Reply #31 - Nov 21^st, 2017 at 9:40pm Grappler Truth Teller Feller wrote on Nov 21^st, 2017 at 9:38pm: Stick a teacup under it. That'll look more realistic.
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crocodile Gold Member Offline Australian Politics Posts: 6682 Gender:	Re: The Unaffordable Tax Cuts Reply #32 - Nov 21^st, 2017 at 9:42pm miketrees wrote on Nov 21^st, 2017 at 9:40pm: A 15% GST would solve a lot of our problems. We could cut tax rates then. And create other problems along the way. Particularly with lower income earners. Better to attack our ridiculously high EMTRs.
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miketrees Gold Member Offline Australian Politics Posts: 6488 Gender:	Re: The Unaffordable Tax Cuts Reply #33 - Nov 21^st, 2017 at 9:48pm EMTRs are well understood by our "needy greedy" perhaps we could employ some of them to work out how to get people working. Because they will know.
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freediver

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Re: The Unaffordable Tax Cuts
Reply #34 - Nov 21^st, 2017 at 10:29pm

crocodile wrote on Nov 21^st, 2017 at 9:42pm:

miketrees wrote on Nov 21^st, 2017 at 9:40pm:

A 15% GST would solve a lot of our problems.

We could cut tax rates then.

And create other problems along the way. Particularly with lower income earners.

Better to attack our ridiculously high EMTRs.

We could significantly increase the number of low income earners that pay no income tax at all. As an added bonus it would shift the burden of bureaucracy off them.

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I identify as Mail because all I do is SendIT!

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Grappler Truth Teller Feller

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Re: The Unaffordable Tax Cuts
Reply #35 - Nov 22^nd, 2017 at 5:00am

juliar wrote on Nov 21^st, 2017 at 9:33am:

Disappointing that the croc didn't pluck a graph or two out of the ether.

The suspicion is that China is paying the unions to force industries to leave Australia with their sabotage and extortion so the work goes to China.

Bull S. assumes that that great bottomless bucket of money somewhere up in the sky will never get empty and will fund welfare bludging forever.

WELFARE for ALL for EVER is Bull S.'s begging for votes call. Makes the Lefties go all gooey.

Amazing contradiction - even for you. First Labor is breaking down jobs and aiding in sending them to China, then they are digging some endless 'welfare pit' on some 'bottomless pit of money'.

Boring and rather insane.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 80152 Proud pre-1850's NO Voter Gender:	Re: The Unaffordable Tax Cuts Reply #36 - Nov 22^nd, 2017 at 5:06am freediver wrote on Nov 21^st, 2017 at 8:15pm: It is what the government is spending the money on that is unaffordable. They will have to spend less. It really is that simple. Have you got a list?
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Grappler Truth Teller Feller

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Re: The Unaffordable Tax Cuts
Reply #37 - Nov 22^nd, 2017 at 5:09am

crocodile wrote on Nov 21^st, 2017 at 9:29pm:

All of that too. Unfortunately they have little impact on productivity growth. Given the imputed credit system, how exactly does a cut to the corporate tax rate benefit only primarily rich dudes, who are the holders of the vast majority of shares.

Fixed for you - no charge....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Bobby.

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Re: The Unaffordable Tax Cuts
Reply #38 - Nov 22^nd, 2017 at 5:10am

crocodile wrote on Nov 21^st, 2017 at 9:21pm:

Bobby. wrote on Nov 21^st, 2017 at 8:49pm:

crocodile wrote on Nov 21^st, 2017 at 8:46pm:

Bobby. wrote on Nov 21^st, 2017 at 8:20pm:

Sir lastnail wrote on Nov 21^st, 2017 at 8:17pm:

freediver wrote on Nov 21^st, 2017 at 8:15pm:

It is what the government is spending the money on that is unaffordable. They will have to spend less. It really is that simple.

the government is just as much addicted to credit cards as are the punters. Sad

yep - borrowing $100 million per day just to stop
our economy from collapsing.

Issuing bonds is not quite the same as taking out a loan. It's been explained to you many times. Too dumb to understand. Go away and buy a decent macro text book.

Take a look:

http://www.australiandebtclock.com.au/

$595 billion

when Abbott said that $200 billion was an emergency!

Keep wasting your time gawking at the debt clock if you want to. It's about as useful as the bottom half of a mermaid.

Any half decent bean counter will tell you that there are two sides to a balance sheet. Pointing to liabilities without consideration to inflows is not very useful. Even less useful when the target of bond issues is not divulged. Keep resisting the urge to pick up that macro book if you want. Your ignorance will remain profound.

Just for the record, your figure of $100 million per day is only 2.28% of the entire economy's GDP output for a year. It's not even half of the annual nominal growth of the economy you dipstick.

Look again $595 billion is only a small part of the massive debt.

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crocodile

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Re: The Unaffordable Tax Cuts
Reply #39 - Nov 22^nd, 2017 at 5:56am

Bobby. wrote on Nov 22^nd, 2017 at 5:10am:

crocodile wrote on Nov 21^st, 2017 at 9:21pm:

Bobby. wrote on Nov 21^st, 2017 at 8:49pm:

crocodile wrote on Nov 21^st, 2017 at 8:46pm:

Bobby. wrote on Nov 21^st, 2017 at 8:20pm:

Sir lastnail wrote on Nov 21^st, 2017 at 8:17pm:

freediver wrote on Nov 21^st, 2017 at 8:15pm:

It is what the government is spending the money on that is unaffordable. They will have to spend less. It really is that simple.

the government is just as much addicted to credit cards as are the punters. Sad

yep - borrowing $100 million per day just to stop
our economy from collapsing.

Issuing bonds is not quite the same as taking out a loan. It's been explained to you many times. Too dumb to understand. Go away and buy a decent macro text book.

Take a look:

http://www.australiandebtclock.com.au/

$595 billion

when Abbott said that $200 billion was an emergency!

Keep wasting your time gawking at the debt clock if you want to. It's about as useful as the bottom half of a mermaid.

Any half decent bean counter will tell you that there are two sides to a balance sheet. Pointing to liabilities without consideration to inflows is not very useful. Even less useful when the target of bond issues is not divulged. Keep resisting the urge to pick up that macro book if you want. Your ignorance will remain profound.

Just for the record, your figure of $100 million per day is only 2.28% of the entire economy's GDP output for a year. It's not even half of the annual nominal growth of the economy you dipstick.

Look again $595 billion is only a small part of the massive debt.

Get back to us when you find a national income clock as well. simply looking at gross debt in isolation is foolish but that's already been pointed out to you.

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Very funny Scotty, now beam down my clothes.

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crocodile

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Re: The Unaffordable Tax Cuts
Reply #40 - Nov 22^nd, 2017 at 6:05am

Grappler Truth Teller Feller wrote on Nov 22^nd, 2017 at 5:09am:

crocodile wrote on Nov 21^st, 2017 at 9:29pm:

All of that too. Unfortunately they have little impact on productivity growth. Given the imputed credit system, how exactly does a cut to the corporate tax rate benefit only primarily rich dudes, who are the holders of the vast majority of shares.

Fixed for you - no charge....

Grapples, are you sure about that top 2% of IQ you once claimed. I'll type slowly 'cause I know you can't read fast.

The reduction in the tax rate also reduces the imputation credit to the shareholder. The tax paid does not change. Explain again how a corporate tax rate cut affects only wealthy shareholders. You haven't thought this one through.

A cut in the corporate tax rate is not a tax cut to the shareholder.

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« Last Edit: Nov 22^nd, 2017 at 6:12am by crocodile »

Very funny Scotty, now beam down my clothes.

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Bobby. Gold Member Online Australian Politics Posts: 95104 Melbourne Gender:	Re: The Unaffordable Tax Cuts Reply #41 - Nov 22^nd, 2017 at 6:08am crocodile wrote on Nov 22^nd, 2017 at 5:56am: Get back to us when you find a national income clock as well. simply looking at gross debt in isolation is foolish but that's already been pointed out to you. Be an ostrich then.
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crocodile

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Re: The Unaffordable Tax Cuts
Reply #42 - Nov 22^nd, 2017 at 6:10am

Bobby. wrote on Nov 22^nd, 2017 at 6:08am:

crocodile wrote on Nov 22^nd, 2017 at 5:56am:

Get back to us when you find a national income clock as well. simply looking at gross debt in isolation is foolish but that's already been pointed out to you.

Be an ostrich then.

http://danoday.com/blog/wp-content/uploads/2009/08/PDHeadInSand.gif

Sorry Sonny Boy, you're the ostrich. Looking at only a quarter of the data is not too bright.

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Very funny Scotty, now beam down my clothes.

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Bobby.

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Re: The Unaffordable Tax Cuts
Reply #43 - Nov 22^nd, 2017 at 6:14am

crocodile wrote on Nov 22^nd, 2017 at 6:10am:

Bobby. wrote on Nov 22^nd, 2017 at 6:08am:

crocodile wrote on Nov 22^nd, 2017 at 5:56am:

Get back to us when you find a national income clock as well. simply looking at gross debt in isolation is foolish but that's already been pointed out to you.

Be an ostrich then.

http://danoday.com/blog/wp-content/uploads/2009/08/PDHeadInSand.gif

Sorry Sonny Boy, you're the ostrich. Looking at only a quarter of the data is not too bright.

Show me the national income clock.

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crocodile

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Re: The Unaffordable Tax Cuts
Reply #44 - Nov 22^nd, 2017 at 7:34am

Bobby. wrote on Nov 22^nd, 2017 at 6:14am:

crocodile wrote on Nov 22^nd, 2017 at 6:10am:

Bobby. wrote on Nov 22^nd, 2017 at 6:08am:

crocodile wrote on Nov 22^nd, 2017 at 5:56am:

Get back to us when you find a national income clock as well. simply looking at gross debt in isolation is foolish but that's already been pointed out to you.

Be an ostrich then.

http://danoday.com/blog/wp-content/uploads/2009/08/PDHeadInSand.gif

Sorry Sonny Boy, you're the ostrich. Looking at only a quarter of the data is not too bright.

Show me the national income clock.

You're the one that likes fancy, irrelevant clocks. Go find it yourself. While you're at it, how about the value of the assets purchased with debt. Forget about that one did you.

Now stop wasting everybody's time and go and buy a decent textbook. After that you may at least have a clue how economies and finance actually works.

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Very funny Scotty, now beam down my clothes.

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