Phillip John Brown

[Phillip John Brown @Bro2John]

@BWJacksonX Semi-permanent per capita recession. And headline recessions are usually short and sharp. He is just surmising that we would have been in 2 years of recession without immigration. Ignores the economy's ability to re shape and bounce back.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 Shape shifting - first it was "nothing', now it's the "margins".

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 30% is the floor. So absolutely it will jump from 0 to 30% if you are under the tax free threshold.

[Phillip John Brown @Bro2John]

@iL1keTurtles @David_McMahon75 @sudh_gs Only tax free if the CG doesn't push them over the threshold.
Also a sweeping statement that they are 'hardly struggling'. Eg, have you any idea of the cost of residential aged care?
And there are 2nd order effects. It will make it harder for small co's to raise on the market.

[Phillip John Brown @Bro2John]

@iL1keTurtles @David_McMahon75 @sudh_gs Ignoring self funded retirees. Planty are on low income but have assets like shares.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 Most countries tax capital gains lower than personal income tax to encourage innovation and risk taking. Also to avoid the perception of double taxation.
It is a big jump from 0 to 30%. Also no moves to lower the top rates. In fact they drag more people in due to bracket creep.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 maybe have a think about it and try again.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 No idea what you are trying to say.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 Nothing simple about the inflation indexing. That's why most countries don't use it.

[Phillip John Brown @Bro2John]

@ProjVictoria @David_McMahon75 Depends what their marginal rate is. It would only be tax free at the moment if when added to their income they are still under the tax free threshold. What's wrong with that?

[Phillip John Brown @Bro2John]

@BenPhillips_ANU @Mark_Graph Funny how only a few obviously biased sources come to that conclusion. Everything else points to a large shortfall.

[Phillip John Brown @Bro2John]

@BConn39 @esotericaus Rubbish. Labor was under no obligation to approve all the visa applications. Also you overlook the fact they pulled out all stops to attract more.

[Phillip John Brown @Bro2John]

@7NewsBrisbane @Riley7News Got the figures wrong for ON. It is 130,000 visas. So with around 200,000 typically leaving each year that is net negative migration.

[Phillip John Brown @Bro2John]

@4mambo Also 32% of the population is foreign born, higher for working age. Hardly starting that a lot are hospital workers.

[Phillip John Brown @Bro2John]

@4mambo That old trope. No one is going to deport them. And there will be less demand for hospital workers without a ballooning population. Countries with stable populations manage fine and don't have critical worker shortages.

[Phillip John Brown @Bro2John]

@QuentinDempster Rents have soared because Labor more than doubled immigration into a housing construction downturn. This was already a factor before the last election so there is no justification for the 'change in circumstances' argument.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra The main justification is to discourage property investors so as to giver people looking to a place to live a better chance. So either the pretext is wrong or you are trying to have it both ways.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra It might be convenient for the taxpayers, but economists are divided on whether it is double taxation or not.
It is not black and white - even if that is the way you view the World.

[Phillip John Brown @Bro2John]

@TMFScottP @nortssss @Spekul8tor I have explained it in my own words - I am not clinging to some narrow definition I Googled up.