bill shorten budget reply, page-34

The only part of the budget Shorten doesn't dislike is the tax on high income earners. What a surprise! He's says that its a broken promise but he likes the broken promise part because its political ammunition.

Shorten doesn't need to say how he would balance the budget. The brutal truth is he wouldn't. This generation of Labor politicians are ideologically incapable of addressing the problems this country faces.

He won't increase higher education fees and I doubt he would cap places.
He wouldn't cut Gonski.
He's against charge Medicare co-payments
He's against changes to pensions
He's against raising the pension age
He wouldn't scrap the carbon tax or mining tax
He's against changes to Newstart and not keen on changes to Family tax credits
He's against axing school kids payments
He's against fuel excise increases
Hes against PPL (so are many on the right)
He's against raising the GST
Hes all for disability
He says he would invest in public transport AND roads

What options does that leave Bill with to balance the budget and address the aging population problem. Can anyone think of anything apart from raising taxes on the rich?

A super tax on big business?
A hike in capital gains on foreign ownership?
Scrapping CGT discounts?
Scrapping neg gearing?
Scrapping super "concessions". They are half way there for those of us earning over $300K.
Death taxes? (on the rich?)

If you scrap things like negative gearing and/or capital gains concessions you have to cut the top marginal rate or seriously raise the top threshold. Anyone who thinks otherwise is naive to think the 1% being hammered will stay around.
NZ has a top rate of 33% and no CGT, the UK has a top threshold at $300K. Singapore has a top rate of 30% and no taxation on worldwide income.

The AAA rating is the only argument that Bill really has. A rating that plenty of highly in debt nations once had. Even Palmer has used this poor argument but we can cut him some slack, he doesn't have "1951 advisors like the government".

Good help us if Bill and Tanya get to run this country.