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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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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. |
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. |
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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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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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. |
’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). |
Wasn't it Latham or Beasley that was going to introduce a luxury tax on aviation? |
. 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. 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. |
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! |
There are smarter cabinets in the bins behind IKEA! |
There are smarter cabinets in the bins behind IKEA! Isn't Bill Shorten married to the Governor Generals' daughter? |
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. |
Isn't Bill Shorten married to the Governor Generals' daughter? CC |
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