Daniel

Here to grind you into a point

[Daniel @danskis]

@Herbnstein @BennyScarf He does look haggered doesnt he

[Daniel @danskis]

@ThrillaRilla369 https://t.co/yy4NqzeGdT lol

[Daniel @danskis]

@tabcomau Donation lol

[Daniel @danskis]

@abcnews Neo Nazis lol pretty sure they were just sick of having the welcome to country rammed down their throats.

[Joe Butthead @Stupid_twit]

@RositaDaz48 How Labor will support young people

[Gerard Rennick @RennickGBR]

The taxation regime of gas and oil exploration in this country is not understood which has led to an enormous amount of misinformation.

Here are the facts:

1. Oil and gas companies pay 30 cents tax on their profits just like every other company in Australia. That means that Australians already have 30% ownership.

2. Oil and gas companies pay a super profit tax on their profits known as the Petroleum Resource Rent Tax. The PRRT has collected very little revenue to date for two reasons a) there has been an enormous amount of capital invested in getting these projects up resulting in large depreciation offsets and b) the gas was foolishly sold forward at very cheap prices when the projects were given the go ahead. A lot of these contracts will roll off over the next decade resulting in larger profits and a larger tax for taxpayers.

3. 70-80% of gas and oil exploration in Australia is unsuccessful. Offshore gas exploration is not a multi million dollar business- it’s a multi billion dollar business. The idea that taxpayers should fund 30% of offshore oil and gas exploration is absurd. The last person to come up with that idea was Gough Whitlam. Needless to say no banks would lend against such a proposition.

https://t.co/PeAaJW2pjF has always had a policy to abolish the PRRT and replace it with a 5-10% royalty on Sales.

Combined with the 30% company tax that will guarantee that Australians share in over
40% of the profits of any offshore oil and gas project.

That’s an excellent return given taxpayers incur no risk.

I’ve done up a table in comments showing the share Australians will receive based on operating profit margin before tax.

David Pocock, the Greens and One Nation are all wrong on this.

The formers 25% export tax will wipe out most of the profits made eliminating the incentive to further explore for gas.

One Nation offering to fund 30% of exploration costs for mostly foreign owned companies will expose taxpayers to billions of dollars in subsidies with no guarantee of return.

Australia desperately needs sensible economic reform. Unfortunately none of the parties in Canberra have a clue how to make this happen.

[Conservative insurrectionist @BFacist]

@JEChalmers Goofy is addicted to high Immigration even though there’s not enough homes being built to house them all. In 4 yrs he’s imported 2.5 million migrants. 100,000 arrived in February. He lies about cutting numbers cos he needs taxes for his record spending. https://t.co/2HSeDpUwiP

[Daniel @danskis]

@AlboMP Tax grabbing maggot 🪰

[Sports n All.. @sportsnallPT]

@van00sa @Van00sa_ Assholes..
There is zero incentive to invest now..

[christopher joye @cjoye]

The government sector as a share of the total economy is the largest since World War II. It is a greedy python asphyxiating private activity. Why work hard when you can get a government-guaranteed income that is more than a real company will pay you? New Zealanders joke that some of their smartest students move to Australia to earn more than A$200,000 a year holding a stop sign on a worksite.
By 2028, Aussie politicians at the federal and state levels will have spent and borrowed $1.0 trillion of extra taxpayer money since 2019. That is the real-world value of their borrowings.
The media lets politicians off the hook by relentlessly citing “net debt” figures. Nobody in the real world cares about net debt. They care about actual, or real-world, borrowings: how much you owe.
If you have a 45 per cent mortgage against the value of your home, do you tell everyone that you have “negative net debt” because your home is worth more than the mortgage? No.
What you worry about is the debt that you have to pay interest on every day. And as rates rise, that interest bill is rocketing through the roof.
Do you believe that the NBN is actually worth the $22 billion that the Treasury deducts from gross debt to get the net number? Could Starlink destroy much, if not all, of the NBN’s value? Possibly. The net numbers are so rubbery they are meaningless.
The media likes to claim that Victoria’s government owes net debt of $150.9 billion. But in the real world, Victoria’s actual, or gross, government debt is $72.5 billion higher at $223.4 billion.
Back in 2019, the Victorian state owed just $63 billion. By 2028, that liability will have ballooned to $270 billion. To put that more bluntly, state politicians will have racked up total debts worth $36,600 per Victorian. The problem is that the people owe much more because the federal politicians in Canberra are just as addicted to the game of spending other people’s money.
Yet most folks seem not to think about their pork-barrelling that way. When you start considering how much we each owe care of political largesse, it hammers home the point that they are robbing Peter to pay Paul.
On a national scale, Aussies will owe the world $1.8 trillion of public debt by 2028, up from $789 billion in 2019. That is not our personal private debt. It is the debt politicians have borrowed on our behalf. That means every man, woman and child will owe $63,300. It is an incredible sum. Even more remarkably, it was only $4,600 per person as recently as 2007, when all levels of Australian government owed the world just $96 billion.

https://t.co/QClTXhfFgV

[Lozzy B 🇦🇺𝕏 @TruthFairy131]

WE DID NOT CONSENT ❌

Majority of immigrants are coming from India.

[Daniel @danskis]

@FreedmanRacing @MelbRacingClub @FlemingtonVRC @Racing @RacingVictoria @godolphin @DarleyStallions Hope he throws a few duds and gets brought back to racing lol

[stranger @strangerous10]

Konrad Benjamin on fire in today’s gas tax inquiry, says those claiming “we can’t afford anything” are full of it, & we have plenty of resources to benefit from
“This gas issue is the perfect eg of how it’s a lie”
“We’ve been sold out”🔥 #auspol @punterspolitix @TheAusInstitute

[Skint Eastwood @Skint_Eastwood1]

Ricky Gervais on 60 Minutes Makes a Crystal-Clear Case for Free Speech

He put it perfectly: the great thing about freedom of speech is that I can say what I want, and you can say you're offended, and I get to decide whether I care or not.

Because let's be honest, there's nothing you can say that someone, somewhere won't find offensive.

That's why blasphemy laws are so absurd, they're basically trying to protect an all-powerful deity from having its feelings hurt.

At the end of the day, we should be free to criticise any idea.

Just because you're offended doesn't automatically mean you're right.

Spot on, Ricky. Free speech isn't about never upsetting anyone, it's about the right to speak anyway.

[Batman.🇦🇺 @Batman2242]

Well said Gina

[Daniel @danskis]

@Matt_Camenzuli Fuck sake it just keeps getting worse and worse

[Gerard Rennick @RennickGBR]

This conversation has generated a fair bit of conversation so I think it’s worth elaborating on.

There is a common misconception that superannuation is decreasing the number of retirees on the pension.

As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively.

That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k.

In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension.

This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension.

Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse.

That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway.

Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy.

In other words Superannuation is not achieving its stated aim.

The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year.

Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets.

Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.

[Daniel @danskis]

@ThrillaRilla369 Walter white 👌

[Daniel @danskis]

@racingtips Smart girl lol

[Daniel @danskis]

@SDinopoulos Mystic pink, sheza green and the arcadia the last one