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Labor In Power

Old 29th Nov 2018, 00:20
  #21 (permalink)  
 
Join Date: Jul 2004
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Despite the fact there are already more than enough "dicks" in parliament, good luck to Mr.Smith - I hope he does stand and is elected.
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Old 29th Nov 2018, 07:29
  #22 (permalink)  
 
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Kerry Packer was noted for his strong views on taxation and government.

'Only a banana republic changes the laws at the drop of a hat' - Print Media Inquiry, 1991. He had a great turn of phrase. We are headed for Banana Repub2, and a return to a Pacific Peso of US50c

I think we 'fat cats' in aviation need to look to our financial affairs, very, very diligently.
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Old 30th Nov 2018, 15:30
  #23 (permalink)  
 
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Sunfish, your point 2. above is what will happen - the Greens have made a point of the environmental aspects of leaded fuel and it is a matter of time before AVGAS disappears.
The Forsyth review ! I'd forgotten about that, and haven't heard it mentioned in years.
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Old 1st Dec 2018, 00:06
  #24 (permalink)  
 
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Wasn't it Latham or Beasley that was going to introduce a luxury tax on aviation? Wouldn't surprise me if they brought that in. 40% was the number IIRC.
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Old 1st Dec 2018, 04:00
  #25 (permalink)  
 
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Sunny, you say that it is "obvious" that the labor party is going to plunder super and that the older Australians (which I am) are totally fearful, well can you please explain the FACTS coz at this stage I am NOT fearful ??
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Old 1st Dec 2018, 05:25
  #26 (permalink)  
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As I was taught in economics, the history of Australian financial management is “a search for revenue” we are a big country with only a small population to fund its needs.

various pots have all been pillaged: excise, income tax, the GST, privatisation of public assets, user pays and so on. The remaining big pot of cash is superannuation.

’Expect: limitations on tax deductibility of contributions, “progressive” taxation of super drawdowns by retirees, taxation of “excessive” returns, non deductibility of franking credits (already threatened).

The policy will be sold by envy as usual - examples of mercedes driving multi millionaires etc. but the reality is that they will slug the man in the street as usual.
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Old 1st Dec 2018, 05:46
  #27 (permalink)  
 
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’Expect: limitations on tax deductibility of contributions, “progressive” taxation of super drawdowns by retirees, taxation of “excessive” returns, non deductibility of franking credits (already threatened).
Goodness me Sunny!!! It sounds like you've been to a recent LNP think tank to discuss how "No Dough Sco Mo" can come up with some big bucks so he can say that for the first time in 6 years that his ideas free government will produce a budget that doesn't spend more than it's income. The sign held up by the school kid in Friday's protest was correct. It said "I'VE SEEN SMARTER CABINETS IN AN IKEA STORE"
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Old 1st Dec 2018, 05:53
  #28 (permalink)  
 
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Wasn't it Latham or Beasley that was going to introduce a luxury tax on aviation?
I don't think it would bother too many on this forum. Who has ever bought a brand new aircraft? Luxury taxes don't apply to 2nd hand (or 23rd hand) goods.
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Old 1st Dec 2018, 06:31
  #29 (permalink)  
 
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. As I was taught in economics, the history of Australian financial management is “a search for revenue” we are a big country with only a small population to fund its needs.

various pots have all been pillaged: excise, income tax, the GST, privatisation of public assets, user pays and so on. The remaining big pot of cash is superannuation.

’Expect: limitations on tax deductibility of contributions, “progressive” taxation of super drawdowns by retirees, taxation of “excessive” returns, non deductibility of franking credits (already threatened).

The policy will be sold by envy as usual - examples of mercedes driving multi millionaires etc. but the reality is that they will slug the man in the street as usual.
Maybe Australia should return to the way it was envisioned with a reduction in the size and scope of federal politics, the states collecting tax for themselves and the states compete against each other for Business and Population.

The current system where states go cap in hand to Canberra doesn't work and will become life threatening to the country if it ends up with some massive Labor majority.
In reality Canberra should be cap in hand to the states for money, that will change the power dynamics and go some way to ending the current Canberra disfunction.
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Old 1st Dec 2018, 12:37
  #30 (permalink)  
 
Join Date: Sep 2009
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The Laberal party - I fart in their general direction

I'm not sure there is a difference between them. Isn't Bill Shorten married to the Governor Generals' daughter?

You don't get much more high bow / North shore Sydney than the QE II representative surely?

And like someone said above, I'm hardly worried about "luxury" taxes when everything I've operated on is decades old and 23rd hand!

Same with anything I am likely to buy, it will not qualify for any reasonable luxury tax of that I am sure.

It's elementary my dear Watson!
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Old 1st Dec 2018, 12:41
  #31 (permalink)  
 
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There are smarter cabinets in the bins behind IKEA!
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Old 1st Dec 2018, 14:16
  #32 (permalink)  
 
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There are smarter cabinets in the bins behind IKEA!
sounds like the sort of thing a school kid would say.

Isn't Bill Shorten married to the Governor Generals' daughter?
Someone better tell Peter Cosgrove's three sons that they have an illegitimate sister

Last edited by YPJT; 1st Dec 2018 at 14:27.
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Old 1st Dec 2018, 21:13
  #33 (permalink)  
 
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It probably does not matter which party holds power - small GA is rooted. Avgas will go, not because of the Greens, but simply because as the demand diminishes it won't be worth refining, or if someone does bother it will be 5 times the cost of jet fuel.
There is not enough votes in the entire industry to make any difference to the pollies, so all the lobbying in the world won't save it.
The only small GA segment likely to survive is the training industry, but that will have to be underwritten by the end consumers - ie airlines and wealthy individuals.
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Old 1st Dec 2018, 22:19
  #34 (permalink)  
 
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Isn't Bill Shorten married to the Governor Generals' daughter?
Daughter of the former GG not General and Lady Cosgrove

CC
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