Australian Debt Clock

Originally posted by moorookamick ↑

Your extremism is not helpful.

What I'm saying is that it was a silly move to reduce taxes at a time
when Mr Hockey is racking up $80 billion a year of debt.

lets look at who would be paying the MRRT & the CO2 tax

The MRRT was directed at big miners who are over 70% foreign owned.
That is every $ tax collected from these companies, 30% was paid by locals and
70% by foreigners.

As it is now , thanks to the LIBS, we have increasing expenditure and less
tax income from foreign owned mining interests.

That's 101 common sense , not a mindless throw away line.

Also, Electricity bills went down by 5% at a time when they should have went down
more due to the halving of coal & oil pricing. Instead we were fed the spin that the
5% drop in electricity prices were due to the repeal of the CO2 tax.

Perhaps if you have studied Economics 101, you could explain why our electricity
prices have not dropped more that 5% given the repeal of the CO2 tax and the halving of
coal & oil prices?

Tax relief for companies simply means that they will pay less tax and individuals will have to pay more.

The ATO found in 2009 that 68 out of Australia's top 100 companies had offices in tax havens,
conduits to tax havens or anonymous/numbered bank accounts overseas.

What does your Economics 101, or 201 for that matter tell you about this ATO finding?

You seem to be an intelligent and well educated person , prosperman and at least your reference to
economics 102 gives the impression that at least you have got this far at Uni.

Moorookamick

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Write your reply here No university degree--just because one differ an opinion does not mean one has to be a uni educated.
In business all my life--private business--govt taxes are the greatest killer of productivity--the last Govt tax as gases--increases gases in companies from 60.00---to 400 dollars when using a lot of as this is a killer for business----in many cases closing them down---once again--no tax revenue--only a tax increase(unemployment benefits). There are many ways around the tax issue--problem being --to many squeaky wheels--that do not contribute---yet complain the most when cuts need to be made---the day of a free ride is over. Increasing population--while there is a job shortage,politician--perks and pension when finished employment--millions,over inflated costs on all Govt built contracts--now due even more-"-after a contract is not a contract"--life is fairly basic--business provide jobs--which provide employment--which in term provide all taxes that allow the Govts to operate--keep taxing the golden goose at one own`s peril !! Many charities go to business for help-not Govts. Once people realize that Govts are not there to help----we would all be a lot better of !! 3 tiers of Govt bureaucracy is one of this-countries biggest burdens--with no benefits !!