Quote:
Originally Posted by wodahs
and yet this is why im currently having a distaste for the Libs and how they have been helping the big banks and big businesses at the taxpayers (which is commonly the average joe) expense , even when these companies pay so little to start with
https://www.abc.net.au/news/2018-02-...te-tax/9443840
and then they went and endorsed Clive which i wouldnt trust him with his own money |
Yes- the government needs to re-consider tax depreciation write offs and multinationals avoiding tax.
But apparently enforcing that is in the too hard basket for the Labour party.
This was clear by their targeting easier targets - single employee/small business owners with higher income tax rates, and stripping money from retirees (franking and negative gearing/CGT scrapping), and devaluing home owners biggest asset through scrapping negative gearing/CGT from 50 to 25% concessions.
Simply, labour was taking money from easy pickings to "fund" their social programs.
I liked the quote Churchill gave about squeezing the limited pool of taxpayers for more and more (in Australia is what 35% of the populace are actually deriving income and paying the tax)
"Its like a person standing in a bucket of water and while standing in the bucket trying to pull it up above your head".
Or another one- do not kill the goose that lays the golden egg.
But yeah - Clive Palmer is a shocker.