@senatorbabet Don’t forget Div 293 and 296 on super. Plus the biggest tax of them all. Devaluing every saved dollar. Government spending pushing broad money supply to around circa 8 percent in recent years. That is a tax on every single things in our economy.
Australia is fast becoming a no hoper utopia. Has a ring to it. Might copyright it. I want a country that facilitates the kids of tomorrow to do amazing things, not be encouraged to stay in bed.
@ausstockchick I seriously envisage a division of the country. The western and northern states will de federate and form their own federation which will be rich with resources, conservative and hard working mindsets and a small low tax government. It’s untenable for many to continue as we are.
Has anyone considered the growth of negative gearing, and the property investor, is merely a function of the middle class trying to escape oppressive unindexed income tax rates. Index income tax to the equivalent of that in the 80s. Up gst. Reduce cgt. Tax consumption.
@GadSaad Thirty percent in my opinion the tipping point of disincentivising productivity. However the model is broken. Government should tax consumption, not production. They should incentivise productivity. Big government is a bad governance model in the modern world. Breeds socialism
@linzcom They only raised the threshold for the active asset cgt discount. They didn’t do all four small business cgt discounts. Old limits apply including a net asset value test. It’s trickery.
@TheKouk Hey Kouk did you skip the eco lecture on fisc vs monetary policy and the effects on inflation? Hanson nailed it and cut to the chase. 60 billion a year not inflationary? Driving up all services pricing and wages? Tripling the price vs market prices? Bugger me, you’re an economist
@fictillius That low class c over Burragorang is going to reduce the safety of crossing that terrain. I always prefer to have some height over that country.
@NellShel@shallowchal@Gvozdenac71@AusLobby@aus_marches Same here. Attended a small business owners gathering hosted by libs in the Hume electorate and it’s the same story across the board. Small business is no longer viable with these economic and policy settings.