The removal of the Stamp duty was long overdue as it was part of the original deal to be replaced by the introduction of the 10% GST on almost everything and which the ALP in Victoria decided to keep anyway. So well done Liberals.
Now thanks to the Greens Party we have another gst named the Carbon Tax, basically a 20% GST but with this 10% held and redistributed by the Federal Government and in the wash help it get into surplus I would speculate..
I remind people that the original gst was introduced using the argument that we had an aging population on non-workers and now I'm hearing the same recycled argument being used by the Superannuation & Insurance Industry for their own selfish reasons so they wont be hit by the removal of the current tax benefits.
The Superannuation tax advantages were introduced by the then Treasuer Peter Costello to avoid inflation and when some people were convinced to sell their investment properties to get the tax benefit of superannuation, but i bet they have now not only lost their tax benefit but some more ontop. Too many people get banboozled by the tax savings into making illogical investments and eventually end up losing everything.
If Super cant work without these tax sales incentives then they should never exist and people should keep away from them.
The Super industry want the Super Levy to go to 12% and they want to keep to keep the money longer by getting the compliant government to legislate against lump sums being paid out to retirees.
Why is it so important for the Super industry to hang on to all the peoples money longer? Is it because maybe they are losing it faster than they are getting it in and they cant afford for their ponzi schemes to be found out?
In my opinion there is NO advantage for Australia to have an increased employment tax of 12% as there is no such tax in Asia and anything that is being manufactured in Australia now can very easily be made in Asia, but our silly politician like to keep peddling the lie that they will be helping Australian workers... only that their will be less manufacturing workers jobs, less telephone jobs, less accounting services jobs which the banks and telcos are already shifting overseas in anticipation.
Eg when Goug Whitlam gave Australian clothing & footwear workers equal pay for women in the 1970's and reduced Tariffs ....thousands of those women lost their jobs to Asians.... so instead of a pay increase ..they got no pay at all. All those factories are now apartments for wealthy government workers on equal pay or better.
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The removal of the Stamp duty was long overdue as it was part of the original deal to be replaced by the introduction of the 10% GST on almost everything and which the ALP in Victoria decided to keep anyway. So well done Liberals.
Now thanks to the Greens Party we have another gst named the Carbon Tax, basically a 20% GST but with this 10% held and redistributed by the Federal Government and in the wash help it get into surplus I would speculate..
I remind people that the original gst was introduced using the argument that we had an aging population on non-workers and now I'm hearing the same recycled argument being used by the Superannuation & Insurance Industry for their own selfish reasons so they wont be hit by the removal of the current tax benefits.
The Superannuation tax advantages were introduced by the then Treasuer Peter Costello to avoid inflation and when some people were convinced to sell their investment properties to get the tax benefit of superannuation, but i bet they have now not only lost their tax benefit but some more ontop. Too many people get banboozled by the tax savings into making illogical investments and eventually end up losing everything.
If Super cant work without these tax sales incentives then they should never exist and people should keep away from them.
The Super industry want the Super Levy to go to 12% and they want to keep to keep the money longer by getting the compliant government to legislate against lump sums being paid out to retirees.
Why is it so important for the Super industry to hang on to all the peoples money longer? Is it because maybe they are losing it faster than they are getting it in and they cant afford for their ponzi schemes to be found out?
In my opinion there is NO advantage for Australia to have an increased employment tax of 12% as there is no such tax in Asia and anything that is being manufactured in Australia now can very easily be made in Asia, but our silly politician like to keep peddling the lie that they will be helping Australian workers... only that their will be less manufacturing workers jobs, less telephone jobs, less accounting services jobs which the banks and telcos are already shifting overseas in anticipation.
Eg when Goug Whitlam gave Australian clothing & footwear workers equal pay for women in the 1970's and reduced Tariffs ....thousands of those women lost their jobs to Asians.... so instead of a pay increase ..they got no pay at all. All those factories are now apartments for wealthy government workers on equal pay or better.
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