Property chat election time!

My (with little knowledge, I admit) reading of things is that this policy has cost a lot of people a lot of money by encouraging them to put all their money in high-yielding Aussie shares, income at the expense of CG. ASX finally got back to pre-GFC levels yesterday, S&P and Dow Jones have all but doubled in that time. You'd need some sort of dividend reinvested index for a proper comparison.

 

I believe:

1. People who voted Labor or are Labor members should work until they die.
2. People who voted Greens or are Green members should not be allowed to have children.
3. Rant ...
4. Rant ...

Election is over. Let’s all accept the result and move on.

Good time to debate policies again is about 30 months away.

 

That might be a bit of a stretch. It’s true that the US has outperformed in the recent decade. But this policy was introduced in 2000. Check market returns over 20 years. ASX has outperformed US.

Yes they had the tech bubble, so it distorts the result. Ditto our mining boom from 2003-07.

Either way you can argue the results are misleading. Our companies have historically paid higher dividends than US, which because of their own tax system favours growth.

Total long term returns for each market have been similar over the very long term (100 years), ultimately each market has its turn in the sun.

 

Not really, was trying to point out is odd, at least too many here.

I am not that worried about people holding opposing views, or nonsense ones.

Have spoken too quite a few rusted on, and some suspected rusted on labour voters, who all told me how much they disliked shorten himself and many of the policies.

Anyway, is not just us here, the country has spoken, your view is not a majority.

 

I just watched last night's QandA on the ABC. I wanted to throw a brick at my TV within the first 5 minutes. I laboured through the show, and now i have some opinions about Mr Chambers. I suspect the poor guy was just a puppet saying whatever he had been instructed to say with no sign of any spontaneity.

 

That sounds familiar!

Is Bill Shorten the world's most loyal politician?

 

That shows how poorly the electorate understands our system of democracy, like they're voting in some beauty pageant ...

I'm talking policy and you're attacking people because they vote for a party. Big difference.
Each to their own but there is a politics section here, feel free not to participate.

 

You completely mis-understood and mis-interpreted my post.

Now your posts make sense. It looks like I am not the only one you are misunderstanding and misinterpreting.

Sounds very similar to that Chris Bowen quote:- “If you don’t like our policies, don’t vote for us”.

Look where that got them.

 

If people cared about other future generations they would vote anyone but liberal or nationals (green, alp etc).., perhaps they do care but see it as someone else's problem, or just care about more tax concessions to line their pockets...how much did the environment factor into your vote? How much did fairness...because it's not fair that younger people will have less so that well retirees can have more imo.

 

Wondering what a 'retirement tax' actually is? Read this

It needs to be fixed as it will continue to snow ball ...

 

IMO the 2018 Victoria state election would tend to suggest the opposite, with the Labor landslide being helped by a number of delivered projects: Mernda rail, level crossing removals, including the pilloried Skyrail being positively received by most, Tulla widening etc. And there are lots more happening, principally Metro tunnel, which won't be finished until well after Daniel Andrews has gone.

 

Um...that's exactly what Labor did and they got smashed for it - detailed policy, costed and put out there . They got themselves Hewsoned ... Which in some respects is fair given Keating did the same. But you can now count on no opposition doing big idea stuff or trying to correct the largess of previous governments.

 

What about swing voters? What do we do?

Regardless - I'll probably work in some form until I die ... totally bored brainless otherwise

 

I feel your frustration - climate change is the elephant in the room, and there is a portion of society that won't wake up until the air is unbreathable - the water is undrinkable - and they realise they can't eat money.

The cannot be a price on retaining the only planet we have - and for the LNP to keep harping on about the economic cost ignores the cost of "not" doing.

I simply think the ALP went about it the wrong way. I still voted for them, because the LNP offered a significantly worse scenario - but the ALP policy was flawed by threatening to "take away" without offering anything in return ... and the Greens were nothing more than a protest caravan, waving placards with no solutions

With or without government - consumers and private industry are moving on. The government can either keep up, or ignore and then end up in a panic trying to catch up.

Imagine what an amazing country we could've been if ALP had invested in the future - during the GFC - instead of inflaming a "big screen tv" scramble

 

Happy with that. One person's vital services are another's gov waste. Reduce gov revenue by 50% and I can guarantee you we would figure out what's really vital.

Agree. Better policy would be to remove all tax on contributions, income and CGT on super in accumulation and then tax all withdrawals at same rate as individuals. So simple.

See above agree but accumulation must be tax free to encourage savings.

Oh, and don't get me started on people that have more than adequate income but don't save for their retirement and make "lifestyle choices" and then expect other tax payers to support them when they are no longer able or willing to support themselves