Shorten Tax Grab, page-56

The ability of the ALP and their support to lies about everything is amazing. Do we really want our PM to be a person of such low repute as shorten is a question everyone will need to ask before the next election. What type of role model are we setting out kid

He has already lied about Medicare to try to get elected.

He has already lied about the amount of tax on dividend he has put on everyone retirement s (30%... shorten : minor amount).

He has already lied about the number of people the tax affect (all Australians with super 99% of Australians .. shorten only wealthy people).

He is already lied about why there is a reason for the tax. Shorten want us to think it is about fairness. If that is about fairness. Why are unions still eligible for multimillion refund. While pensioners with low income will have their income slash

Fact is shorten had never held a real job in his whole life. He has been a unionist his whole life. He has never run a business. He had never live on Income of $20.000 a year. That is why he thinks taking $6,000 of these pensioners money is just ‘minor’.

Shorten is so out of touch with the real world that the rest of us lives in that he thinks the only way he can get elected is to grab as much tax as he can and bribe people to vote for him

Shorten also thinks the rest of us are stupid. If he shout that this is a tax on the really rich. We will forget to look at the details and figure out that he has just taken away 30% of our income on retirement

That is also why his tax policy has been a disaster. It does not satisfies any principle of good tax legislation

Fairness: a person on 20,000 income won’t receive a refund. - person on 200,000 income will get the full benefit of the tax offset again his taxable income

Efficiency: this tax does not treat everyone the same. We cannot apply the refund to all entities. Unions will get their refund. The rest of us won’t.

Neutrality: this tax hits only share investments and will make other assets more appealing. More people are like likely to buy rental properties or invest in overseas companies than Australian companies because of this legislation.

Is it good for Australia. This policy will encourage people to buy Australian property and sell shares driving up property prices further.

This policy encourages people to invest overseas and not in Australia because the benefit of imputation has been reduce. Thereby creating oversea jobs at the expense of Australian job

This tax is a very poor tax policy done with almost no through