Victoria's 'socialist' budget to see land taxes 'go through the roof' Really?

Rather than me explaining and at risk of totally derailing the thread, you can listen to some clips of milton friedman on youtube

 

I have no problem with some redistribution, the real problem is that govts are woefully inefficient at spending for the simple reason its not their money.

 

This old trope again. Yes, tax rate should be directly proportional to work. Except income isn't proportional to work. When I already make 100k a year, my next 20k will come much easier than if I was only on 20k. You example only justifies the progressive tax system.

 

Maybe I was too quick to judge. It looks like this landlord tax slug is fair after all. Tax increases all round for the victorians. Increase in payroll tax, gambling taxes insurance taxes and a few other taxes here and there.

Good old labor government at their best. Lucky the people of NSW are sensible enough to have voted for a liberal government. For now anyway.

 

As a society we are completely coddled and averse to risk. We've thankfully had nothing but (mostly) peace since WW2 but the trade off is seeing minor disagreements and inconveniences as threats or at worst existential crises. This results in a culture of rights, not responsibilities, which in turn means people look to the state for safety and security. The problem is, safety is no longer protection from physically harm, or security, providing safety nets for those that genuinely need it; it now includes calling on the state to shield them from harmful ideas and for big spending governments to provide a safety net that's become so wide almost everyone can gorge on the limited pie.

Most people just have no idea what genuine hardship is, including myself and they welcome state encroachment in their lives. The only generation, of whom has mostly passed, that remember genuine hardship, are the silent generation. However, newly arrived migrants from developing nations often bring with them a wary and cautious view of government and recognise how hard work is the core pillar to succeed in a nation that believes in equal opportunity. This prudent view of government and gratified perspective of opportunity, will continue to benefit nations that encourage migration. The ALP used to embody this, but they've sadly mostly abandoned it.

 

same, after slaving and savinv for years to reno my house I worked out what the capital improved value of my house meant (the nice house you have = you must be able to afford higher rates !).

Thats all well and good, but most people seem to shuffle paper and pay 10 cents to some poor bugger planting the tree's while keeping 90 cents and claiming their home office and car......
Yes, I'm the "worker" planting tree's

 

Feds, Vic govt trade barbs over new tax (msn.com)

Another Victorian tax

he Mental Health and Wellbeing Levy, unveiled by Treasurer Tim Pallas on Thursday, will hit businesses that pay more than $10 million in national wages with a 0.5 per cent surcharge.

 

i'd need mental health help too if i copped all those taxes

 

i was sceptical of this support at first as well however my understanding is that it is necessary geopolitical move. once upon a time (less than a decade ago i think i heard) we refined circa 80% of our oil locally and now we are down to circa 20%. these fossil fuels fuel our essential mining, construction and aviations sectors amongst a whole host of others just to name a few. should we continue to reduce our local refining capabilities many industries reliant on refined products could be in big trouble if there is ever an issue with international supply. thats a real geopolitical risk that the government appears to be addressing with this support.

 

I doubt many have issues with redistribution to me it lies whether it is managed properly and spent where it is really needed....not so IMHO!

 

This is an interesting summary

Victorian budget: The horror budget that reveals Victoria’s state of decay

 

To be fair they are also increasing taxes on employers as well through increases in payroll tax as well.
State Budget 2021-22 announcements | State Revenue Office

Thankfully don’t hold any CBD property or an employer there:
stamp duty, land tax & payroll tax increases!
Trifecta!

 

There was approx $104B improvement from previous estimate but then spent approx $96B of this improvement (approx).

Note the current budget outlook is based on Iron Ore at $55/T whereas current price approx $210-$220/T. Looks extremely conservative outlook.

Come next budget/outlook update (pre-election I’m sure), I’d expect there will be a huge amount of improvement found to the figures “down the back of the couch” so to speak.

Perhaps not as fast a recovery in Victoria now due to state disincentives that may drag on federal budget improvements.

A good summary from @Ben Kingsley of Vic budget at approx 40 to 50 minute mark of last week’s podcast.
‎The Property Couch: 339 | “Man, Can Politicians Spend Money!!” – ft Property Q&A on Apple Podcasts

 

So instead of taxing those that are doing well from the "pandemic" they tax employement.

"New windfall gains tax of up to 50% to be applied to planning decisions to rezone land from 1 July 2022."
More land tax.

Land tax concessions for private gender exclusive clubs will be removed.
Lmao

New Distillery Door Grant scheme for Victorian distilleries.
Drink up and forget the taxes.
Soon the Piston Broke exclusive club will have more members.

 

I have just Read many of the posts in this thread and I must say that I am a bit concerned about Victoria, Australia and the western world.
A lot of people have forgotten how the free world is meant to function efficiently. I’m by no means well off, and I work very long hours.
While I do believe in a Govt safety net for poor and people with disabilities and age care, I believe the over reach of large government interference is bad for the people and the economy.
As an example with all the QE and stimulus packages introduced into all the economies, has just had the impact of halving your purchasing power of the income you make. That’s not good, because whatever money you make now won’t be enough.
So then the Victorian government wants to tax you into oblivion because they are in so much debt now so you Now can’t get ahead.

 

There has never been such a thing as the "free world" other than for a 1%. And it just got worse.
There is not even real property ownership. You cannot just "own" real estate these days.
Populations enjoy freedoms so long as they benefit those that make the rules.
Looking back through history it's always been that way, suddenly people think the last 50 yrs are different.
Australia has very few freedoms in the constitution, and they have been ignored.
So who's gonna do something about it? Anyone? Nope, life's too good here.
We do not have freedom of speech, privacy and a few others like in the US constitution.
We are still a Monarchy. With some democratic processes.

The labour party MP said "NO Jab no freedom" on the news for a couple days.
Obviously it did'nt go down well and the ABC is editing that part out now.
But that's how they think.

No I don't believe in the few people sitting around a table ruling the world theory or conspiracy. Only that there are big forces at play, not always in agreeance, and somehow their ideas are the only ones that get heard.
It's not all bad, we are lucky to be here and we have some freedoms and at least opportunities that many don't.

 

Can someone please explain this to me? I've never understood the logic beehive a payroll tax. Why are companies being slugged for employing more people? Seems like a disincentive to me..

 

There is no logic, its called tax. And in the long run, payroll tax is either taken out of our wages or added to the cost of goods companies produce. Ultimately its not large businesses who pay for it. It amazes me how govts create more tax at will when they have a new program to implement. Most of us work to budgets and prioritise spending accordingly. Not so vic labour.

 

what next
1. Aged care levy
2. Disability levy
3. Homeless levy
4. Education levy
5. Drug injecting room levy

2 billion dollars gone with this 2 week lock down (fingers crossed) and we have 2 people in hospital because they live tested positive and live at a nursing home that are ASYMPOTMATIC (these people are quarantining in hospital)..

Business and people cannot trust this government and will choose to invest overseas (I definitely have) or possible other states.

 

Lol
Dan urges to keep fighting folks..... yet government are a bunch of imbeciles and incompetent

Dan Andrews urges Victorians to 'keep fighting' as lockdown extended

By the way its for the greater good..... a leftie way of shifting the blame to you... in a nice way