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Prime Minister urged to consider death taxes: (Read 1131 times)
greggerypeccary
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Re: Prime Minister urged to consider death taxes:
Reply #15 - Sep 11th, 2023 at 7:52pm
 
freediver wrote on Sep 11th, 2023 at 7:26pm:
This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.


Can you define "poor"?

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Jovial Monk
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Re: Prime Minister urged to consider death taxes:
Reply #16 - Sep 11th, 2023 at 7:54pm
 
Death duties are ALWAYS accompanied by gift duties.

Geez, FD should know this!
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AusGeoff
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Re: Prime Minister urged to consider death taxes:
Reply #17 - Sep 11th, 2023 at 7:55pm
 
Bobby. wrote on Sep 11th, 2023 at 3:37pm:
...https://www.news.com.au/finance/money/tax/political-dynamite-prime-minister-urge...
‘Political dynamite’: Prime Minister urged to consider inheritance taxes...

...A feared tax that has been implemented in other parts of the world is being floated to the government
by somebody it is closely listening to.

Not so at all.  A complete misrepresentation of when
and what Danielle Wood actually said.

And of course—as usual—Murdoch's News.com 70-point
headline is an arrant lie.

For a more balanced report (and a less melodramatic
headline) check this out:

‘Political dynamite’: New PC boss says tax inheritances, retiree super
      
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Bobby.
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Re: Prime Minister urged to consider death taxes:
Reply #18 - Sep 11th, 2023 at 7:57pm
 
Geoff - that article is sunscriber only -

it does say

Political dynamite’: New PC boss says tax inheritances, retiree super



Michael Read
Michael ReadEconomics correspondent
Updated Sep 11, 2023 – 12.52pm, first published at 12.42pm
Key Points

    Why it matters:
Jim Chalmers appointed Danielle Wood to run the Productivity Commission.
    Ms Wood wants a debate on an inheritance tax, which could fund lower income tax.
    She also wants higher taxes on superannuation earnings and property investors.


Incoming Productivity Commission boss Danielle Wood has argued there is “simply no policy justification” for how little tax retirees pay, and called for a debate on taxing large inheritances as part of sweeping changes to address intergenerational inequity.

As part of an ambitious reform agenda that would push more of the tax burden on to older Australians, Ms Wood has urged the government to start a “sensible conversation” on reintroducing a  .......................
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Bobby.
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Re: Prime Minister urged to consider death taxes:
Reply #19 - Sep 11th, 2023 at 8:02pm
 
freediver wrote on Sep 11th, 2023 at 7:33pm:
It would also be a massive disincentive for superannuation.



It seems that every Govt meddles with superannuation.
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Belgarion
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Re: Prime Minister urged to consider death taxes:
Reply #20 - Sep 11th, 2023 at 8:21pm
 
AusGeoff wrote on Sep 11th, 2023 at 7:55pm:
Not so at all.  A complete misrepresentation of when
and what Danielle Wood actually said.

And of course—as usual—Murdoch's News.com 70-point
headline is an arrant lie.

For a more balanced report (and a less melodramatic
headline) check this out:

‘Political dynamite’: New PC boss says tax inheritances, retiree super
      


The first sentence of the reference says it all:

"Incoming Productivity Commission boss Danielle Wood has argued there is “simply no policy justification” for how little tax retirees pay, and called for a debate on taxing large inheritances as part of sweeping changes to address intergenerational inequity."

What this means is that PAYE retirees who have worked all their lives, paid into superannuation, own a house and have a modest nest egg to leave to their families will end up giving huge chunks to the government while the millionaires with their family companies and trust funds won't pay anything.

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freediver
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Re: Prime Minister urged to consider death taxes:
Reply #21 - Sep 11th, 2023 at 8:53pm
 
greggerypeccary wrote on Sep 11th, 2023 at 7:52pm:
freediver wrote on Sep 11th, 2023 at 7:26pm:
This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.


Can you define "poor"?



Sure. People who don't have a lot of money.
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greggerypeccary
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Re: Prime Minister urged to consider death taxes:
Reply #22 - Sep 11th, 2023 at 9:06pm
 
freediver wrote on Sep 11th, 2023 at 8:53pm:
greggerypeccary wrote on Sep 11th, 2023 at 7:52pm:
freediver wrote on Sep 11th, 2023 at 7:26pm:
This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.


Can you define "poor"?



Sure. People who don't have a lot of money.


Can you define "a lot of money"?

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freediver
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Re: Prime Minister urged to consider death taxes:
Reply #23 - Sep 11th, 2023 at 9:07pm
 
greggerypeccary wrote on Sep 11th, 2023 at 9:06pm:
freediver wrote on Sep 11th, 2023 at 8:53pm:
greggerypeccary wrote on Sep 11th, 2023 at 7:52pm:
freediver wrote on Sep 11th, 2023 at 7:26pm:
This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.


Can you define "poor"?



Sure. People who don't have a lot of money.


Can you define "a lot of money"?



Yes.
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AusGeoff
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Re: Prime Minister urged to consider death taxes:
Reply #24 - Sep 11th, 2023 at 10:01pm
 
Bobby. wrote on Sep 11th, 2023 at 7:57pm:
Geoff - that article is subscriber only...

Oh... my apologies mate.  (I'm a Fairfax subscriber.)

The thrust of the article was somewhat different to
the Murdoch report, and confirmed that there was
no approach made to the federal government or
Chalmers about any so-called death tax, and that
Wood had made the suggestion some time ago—rather,
than as Murdoch seemed to report—currently.


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Bobby.
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Re: Prime Minister urged to consider death taxes:
Reply #25 - Sep 11th, 2023 at 10:13pm
 
AusGeoff wrote on Sep 11th, 2023 at 10:01pm:
Bobby. wrote on Sep 11th, 2023 at 7:57pm:
Geoff - that article is subscriber only...

Oh... my apologies mate.  (I'm a Fairfax subscriber.)

The thrust of the article was somewhat different to
the Murdoch report, and confirmed that there was
no approach made to the federal government or
Chalmers about any so-called death tax, and that
Wood had made the suggestion some time ago—rather,
than as Murdoch seemed to report—currently.





But she's a Govt appointee. Huh

Jim Chalmers appointed Danielle Wood to run the Productivity Commission.
    Ms Wood wants a debate on an inheritance tax, which could fund lower income tax.
    She also wants higher taxes on superannuation earnings and property investors.

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Sir Grappler Truth Teller OAM
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Re: Prime Minister urged to consider death taxes:
Reply #26 - Sep 11th, 2023 at 10:15pm
 
Jesus - don't urge the bastard.... he'll use it to strike at those rich white people and give to the poor blacks like the true robbing hood he is.

He'll get his great social revolution no mater what it costs others!!!  He'll fight to the last white man until the only property not held by blacks will be his and his mates' portfolios

He's that good!!!!
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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.”
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Sir Grappler Truth Teller OAM
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Re: Prime Minister urged to consider death taxes:
Reply #27 - Sep 11th, 2023 at 10:25pm
 
greggerypeccary wrote on Sep 11th, 2023 at 7:52pm:
freediver wrote on Sep 11th, 2023 at 7:26pm:
This will only affect poor people, and the ones who die young. The old and rich will avoid it through trusts, gifts etc.


Can you define "poor"?



"Incoming Productivity Commission boss Danielle Wood" - another dopey sheila handed a job way above her capacity just because she is a pharken woman... you'll all learn one day.... another educated idiot non-savant who knows it all at your cost.

Well - there's comparative poverty to consider.... is an old white bastard of 74 with a mortgage richer or poorer than a bleck who lives on a tropical island and is given housing and a boat, has free land, and has plenty of free time and cops the same income level and has not a worry in the world other than ensuring his supply of rum on the sandy beaches?  Is a young bleck woman trying to make ends meet in the big city living in a crowded estate richer or poorer than the tropical island bleck?

Aborassic Park would solve all that by giving every bleck the same rights and opportunities... their warm loving democratic culture will see to the rest ... no more arguments over royalties and rip-offs... no more need for a voice.... just their own personal paradise the way they had it pre-1788 ... tourists will flock to it in droves to see the last remaining Stone Age culture at its sharing loving work... the world could learn a lot from them and their gentle philosophy ...

You understand what is this concept of 'comparative poverty'?  dividie has a lot of trouble coming to grips with it in his obsessions... like ever so many other morons he thinks that all old white men are oppressors of everyone else.... there is a place in this nation for a long wall and a firing squad...... or gulags .... or a dedicated guild of soul-less assassins... or plain rounding up of enemies of the state and their expulsion ....
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« Last Edit: Sep 11th, 2023 at 10:32pm by Sir Grappler Truth Teller OAM »  

“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.”
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Bobby.
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Re: Prime Minister urged to consider death taxes:
Reply #28 - Sep 11th, 2023 at 10:42pm
 
Sir Grappler Truth Teller OAM wrote on Sep 11th, 2023 at 10:15pm:
Jesus - don't urge the bastard.... he'll use it to strike at those rich white people and give to the poor blacks like the true robbing hood he is.

He'll get his great social revolution no mater what it costs others!!!  He'll fight to the last white man until the only property not held by blacks will be his and his mates' portfolios

He's that good!!!!



It's Marxism - the secret agenda of our Govt.
It means that no one owns property -
except that the Govt owns it.

You will own nothing and you will be happy.
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Sir Grappler Truth Teller OAM
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Re: Prime Minister urged to consider death taxes:
Reply #29 - Sep 11th, 2023 at 10:56pm
 
Bobby. wrote on Sep 11th, 2023 at 10:42pm:
Sir Grappler Truth Teller OAM wrote on Sep 11th, 2023 at 10:15pm:
Jesus - don't urge the bastard.... he'll use it to strike at those rich white people and give to the poor blacks like the true robbing hood he is.

He'll get his great social revolution no mater what it costs others!!!  He'll fight to the last white man until the only property not held by blacks will be his and his mates' portfolios

He's that good!!!!



It's Marxism - the secret agenda of our Govt.
It means that no one owns property -
except that the Govt owns it.

You will own nothing and you will be happy.



... and he and his mates will relinquish ownership of nothing..... they will be the new feudal lords over all of us with the power of life and death... when you are called to join the fird and fight the enemies of his state, you will do so without question..... take up your bill-hook and stand in the front line .... you will question nothing and will toil as required and your lord will work out what you should receive in return for handing him/her all that you produce...... (sounds familiar already - iron fist in velvet glove - already the basics are in place at the job level with the power to the boss) ...

See what I mean about the contradictions inherent in this style of ultra-socialist 'thinking' - it's a sheila thing, you know.... if this kind of insanity - The Madness - has its way you will all be totally subservient to the state run by him in the fashion of a XI Jung Il or Putin....

Told yez years ago that our political class look with slavering lips on the governance of China and wish they could just wrest from those pesky voters here that same kind of absolute control and use of all powers of the state for themselves and for access to undreamt of riches....

It's time we brought them all to heel....
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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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