"It does not matter what anyone else claimed they would do...

  1. 6,501 Posts.
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    BoomerHowardandCostellointroducedtherefundcomponentandthatmakesthemresponsibleforit.
    Itdoesnotmatterwhatanyoneelseclaimedtheywoulddobecausetheydidn'tactuallydoitandmayneverhavedoneit.

    Astowhatrevenueremovingtherefundwillgenerateyouaremakingassumptionsaboutwhatwillhappenwhichmayproverightorwrong.
    PersonallyIthinkmostpeoplewillbeslowtochangetheirinvestmentsandsomewillnotchangeatall,soIthinkafairbitofrevenuewillbegenerated.Youdon'tandthat'sOK.Wewillseewhathappens.
    Asforcaringabouthowothersinvest,whywouldIasit'snoneofmybusiness.
    IthinkLaborismakingastartontaxreformbutalotmoreisneededtoeliminatealltherortsfortherichwhichareembeddedinthesystem.
    DaveR.
    "It does not matter what anyone else claimed they would do because they didn't actually do it and may never have done it"
    Dave,
    Surely you are not suggesting that Labor went to the 2001 election lying about their franking credits policy.
    My feeling is that they were an honourable lot, and this is a promise they wouldn't have reneged on.
    But, as with the belief that hordes of people losing money with a change in taxation policy , wont bother to try and avoid losing money, you are perfectly at liberty to hold such opinions.

    Analysis and evidence? experts? pffftt , what are they compared with hope and faith.

    Welcome to the world of creationists, climate change sceptics, and religion.

    Oh, and on your franking credits, remember to declare them as income to social security, they don't care if you claim them or not.
 
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