crocodile wrote on Feb 4
th, 2019 at 12:02pm:
Bam wrote on Feb 4
th, 2019 at 11:26am:
Income taxes from employment cannot be negative. Refunds for dividend imputation can be.
It is a massive rort and shutting it down is needed to keep the Budget in check. If it isn't abolished how much will it cost the Budget in 20 years?
Just how are they negative. You're confused yet again.
These people are paying no tax yet receive tax refunds for taxes that are not even paid. It is functionally a
negative income tax.
crocodile wrote on Feb 4
th, 2019 at 12:02pm:
It's just a money grab because Bill can't fund his give aways. Self evident by the fact that taxes aren't being reduced elsewhere. What happens next time these wastrel idiots run out of money. Works well for the French. They tax their citizens almost double to us with an array of personal, inheritance and consumption taxes. They haven't had a budget in the black for over 45 years. There's a good lesson there.
That's nothing but a pile of petulant whining.
This idea that taxes shouldn't be raised is right-wing neoliberal nonsense. That's the right-wing ratchet: cut taxes, cut taxes, cut taxes, then when that inevitably destroys the Budget by racking up massive deficits, cut services. Then repeat the cycle. If taxes have been cut too much, why shouldn't they be raised to repair the Budget?
Budget repair is needed to fix the Howard government's legacy of irresponsible profligacy. Why shouldn't the rich be targeted with some budget repair measures? They have hardly been touched by any permanent Budget cuts for over 20 years and it's about time they took their turn. This country urgently needs a Budget of cuts to inflict as much pain on the rich as the 2014 Budget inflicted on everyone else.
That doesn't mean Labor can't find places to cut the Coalition's wasteful spending. If they can't find $10 billion in cuts to the Coalition's most wasteful measures in the first Budget, they're not trying hard enough.
* Private health insurance rebate - this needs to be cut and capped to rein in unsustainable spending growth here.
* $440 million to GBR Foundation - this was a blatant handout to the Coalition's mates.
* $30 million to Foxtel. Really?
* $7 billion a year to job services networks. This can be cut by half or more due to massive waste, duplication and blatant rorting. Reinstate the CES with the remaining money.
* Indue card "trials". More waste that can go with no loss of amenity.
* Outsourcing government jobs to Serco and other for-profit corporations for more than it would cost to employ the workers directly.
All of these have one thing in common: corporate welfare. We shouldn't be paying so much taxpayers' money to private corporations. Cuts can easily be made here with no loss of services.
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