Join Australia's most dynamic and respected property investment community

Fed Govt. erratic ?

Discussion in 'Living Room' started by dabbler, 5th Apr, 2016.

Tags:
  1. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    I am surprised no one started a thread on the announcement where the fed would give the states ability to collect income tax, at a rate they want.

    When I heard it, I thought, what is going on, are they joking, where did this come from, seems erratic.

    Now it seems that it was a stunt to set the states up so they cannot ask for more money as they had the chance to increase income.

    Whatever it is/was, what a stunt ? It would indicate instability doing these things on a whim with no warning.

    Did you notice it, what did you think ?

    I think keep this up and it may be a repeat of the Hewson govt.
     
  2. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    912
    Location:
    Adelaide
    Australia should change federal elections from 3 year terms to 4 year terms. That might encourage Governments to actually govern instead of always worrying about the polls and upcoming elections.

    Ever since Abbott gave the pre-election speech of 'no cuts to health and education' the Liberal Government has come under pressure. On the one hand they promised no cuts to health and education. On the other hand they also promised to get the budget back into surplus. The budget is now in a worse state than when they came into office.

    Apart from that they re-introduced the fuel excise and sold it poorly with Joe Hockey claiming poor people don't drive. They attempted to deregulate universities, which would've seen fees skyrocket. They attempted to remove the safety net of welfare for people <30. They tried to introduce a GP levy, which once again failed. They failed to generate revenue and they also failed to curb spending. Sure you can blame a hostile senate, but more importantly you can blame poor policy.
     
    Tim86, LibGS and Chilliblue like this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,536
    Location:
    Sydney or NSW or Australia
    Hewson got rolled before he got up. Never got to PM

    The levy income tax is a strategic ploy by Turnbull - if he puts nothing on the table, he isn't creating an opportunity.
     
  4. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    It is also obviously unwise to paint yourself into a corner from when your in opposition, however I am convinced they all think we have very short memories.

    I suppose they are baited to provide answers to a lot of things for the future, the media like to setup whoever is in govt. Which is not really a good service.

    regarding the election cycle, I do not think there is anything that can be done, almost all are solely focused on holding the job/position they have, or gaining the one above them.
     
  5. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    He lead to a loss in 93 from opposition.

    Did you think it was bizarre and left of field, or have I not been watching close enough.
     
  6. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    1,681
    Location:
    Brisbane..
    All everyone is doing is testing their framework of analysis,the PM has his gameplan,Labor it just the same ,then at some point both become unrecognizable to the observer,just like a game of chess..
     
  7. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,662
    Location:
    Perth
    I have to admit I checked the date when I heard the announcement.

    Because going to war with the states is a great idea :(

    I noticed and it makes me wonder who I am going to vote for at the next election.

    Labor tried revolving door prime ministers. It's didn't work and they got voted out. Now the LibNat government is trying the same thing. It's not working. Overall, I can't see much difference between this government and the last government.

    MT rolled Abbott because Abbott was not polling well. Now Labor is ahead in the 2 party preferred polls. This is a case for MT to be removed and try another leader. Cant be worse than the last 5.
     
    willair likes this.
  8. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,578
    Location:
    Australia
    Australian politics and politicians are getting embarrassing. Not one party has a clue it appears.
     
    Perthguy likes this.
  9. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,662
    Location:
    Perth
    Getting? ;)
     
  10. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,578
    Location:
    Australia
    @Perthguy I am Italian and if you know anything about Italian politics and politicians ours are not quite their yet.

    Eg
    Cicciolina - porn star, politician, and singer
    Berlusconi
     
    sanj, Propagate and Perthguy like this.
  11. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    Not sure of her singing, was that while performing ? :D

    At least she was interesting and not hard on the eyes, with the acting ability she probably would have had more potential to manipulate others for the sake of the common good, alas, I have no clue how she actually did, or what she did politically.

    If we get the level the male you mentioned, it is time to look for another country to live in.
     
  12. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    I think the states would be more efficient at collecting income tax.

    The Feds are like slow moving dinosaurs..."yeah boss, I'll get onto it straight after my long lunch and eight schooners!"
     
  13. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    614
    Location:
    Melbourne, Australia
    It would be great, until they decided to compete against each other to see who has the lowest income tax rates so as to attract people and business. That race to the bottom would be disastrous.
     
    datto likes this.
  14. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    True. Then you could work in the states with the lowest tax rate and invest in the cheaper states,
     
    LibGS likes this.
  15. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,113
    Location:
    Brisbane
    Kevin Andrews has already said he may challenge. If they try hard they might be able to fit in two new PMs before the election.
     
    Perthguy likes this.
  16. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    1,681
    Location:
    Brisbane..
    Pays to look back at Australian history,because if many think Labor under MrShorten the x union boss,is going to be the next "PM" of this country,and there is 2 chances of that,####all and none..
     
    Last edited: 6th Apr, 2016
  17. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    Kevin who ??? He is just an angry Abbott follower, does not have the profile of Turnbull.

    Hey datto, dont think NSW govt does not do the same.....I think it is an idiotic plan if it was serious, which I am thinking it was not, actually I can see more merit in less local and one federal, one Australia.

    Moving interstate is a pain if you have multiple state based licenses etc, car regos, blah blah
     
  18. Casteller

    Casteller Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    344
    Location:
    Barcelona
    Some countries actually do this successfully.. Switzerland for example... when I lived there if I lived 200 meters up the road I would have paid about 5% more tax. It works well in some scenarios, and the wealthy can do "deals" with the local tax authorities to get a flat/fixed rate if they move in there, e.g. 500K a year tax and we´ll call it quits.
     
  19. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    835
    Location:
    Hunter Valley
    I feel - as a voter - the Fed government is actually putting options out there and having an honest and open discussion/debate about that option - rather than determining a course of action and then having to back pedal.

    I also think, by putting it back to the states to raise their own money for health and education, and having the states throw their hands up and say "but we couldn't possibly", put the onus back on the states to stop demanding more money (that doesn't exist) from the federal government and instead look at their own backyards of "living within their means".

    It came across as - if you want to spend more than you have to earn more ...

    I think - despite the negative opinions of the Labor party - this message got across. Or maybe I'm more intelligent than the average punter as can see through the opposition smoke screens
     
    Phar Lap likes this.
  20. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,658
    Location:
    Sid en e - olympic city
    I think they have been fiddling around, fumbles......

    With this one, he has been handed what may become a problem, I do not think they will get the mandate they would have if he went to polls shortly after taking over, his hands are clearly tied due to deals etc behind closed doors.

    Now we go to an election, if it has many of the recent slip ups, it may get very close.

    This could be the un lose able election that is or nearly lost, we will see.