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Tarvold

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18/01/20

14:16

Post #: 42450322
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Originally posted by Dave R: ↑

All the policies Labor took to the last election were fundamentally the right thing to do but flawed in the way they were going to introduce them.
Franking credit refunds should have had an upper limit of around $50k so 95% of people would not have been affected but it would have stopped the high payments to the wealthy 5%. It could not have been labelled a retirees tax then.
Negative gearing needed to be restricted to around two rental properties which would not have affected most ordinary investors.
Doing that would have mostly only impacted high income wealthy investors negatively gearing a string of rental properties enabling them to avoid all or nearly all of their income tax obligation.

In other words tax policy should be aimed at being fair to the majority of people, not like we have now where about 80% of the legal avoidance benefits goes to the top 10% of income earners.

Labor should also have had a firm policy of increasing the very inadequate Newstart Benefit and removing Morrison's tax cuts for the rich.
The tax cuts have not stimulated the economy as intended so are a failed policy. Increasing Newstart would immediately stimulate the economy because the money would be spent by the struggling recipients.

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Only for Liquorland, TAB, tobacco shops & drug dealers.
Newstart increase would do very little to stimulate the broader economy.
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Franking Credits, page-21

Helix investor makes partial takeover bid, proposing board changes

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Lendlease sells off US east coast construction operations in latest global divestment push

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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Franking Credits, page-21

Top Stories

Helix investor makes partial takeover bid, proposing board changes

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Lendlease sells off US east coast construction operations in latest global divestment push

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

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Featured News

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