Where to now for long term investors of Telstra, page-6637

Well the fat lady hasn't sung yet.
Bowen said he had no problem with the policy and should he have won opposition leader he would have continued with the FC policy and he,tanya and wong would have tried to explain to us deplorables y it was a good policy.
It seems albanese will win the opposition leadership,he said the FC policy should have a cap, the cap figures he mentioned were $2000 or $3000.
imo a bs cap,basically albanese supports bowens FC policy.All i hear from labor is next time they must explain the tax better so us dh's can understand it.

.So i will put forward another way to describe y smsf's deserve our tax to b refunded to us.
When the co pays co tax it goes onto the books as a FC balance,when the co decides to return the FC's back to the shareholders they pay a fully franked dividend.ie a 30% tax paid dividend.
As posted there r 3 types of shareholders that receive this fully franked dividend.
-fund managers who can take full advantage of the FC's by off setting the 30% fc against their 30% co tax payable.ie they get the full tax advantage because they don't have to pay the 30% co tax rate depending on fc's refunded...
-when high income earners on 45% receive the fully franked dividend they can off set their income tax and pay 15% income tax not the 45% income tax.
Under morrisons new tax,those earning between $45,000 and by memory $180,000 will get the full benefit of the FC because they can off set the 30% tax paid fc against their 30% income tax under labors fc policy..
-Then we come to the bottom feeders,the smsf's that pay no tax on revenues unlike all the above because/ justified because we r retired ,saved for our retirement and pay our own way by not receiving the aged pension.We get no benefit from the ' tax paid' franking credit,unlike all above.
The dh labor fools say we can't afford to continue to pay the $6b fc's to smsf's.Do the fools understand they r saying they can afford to give the fc advantage to fund managers and high income earners but not smsf's.
Do the fools not understand that they will then have to start paying the age pension to many smsf's because in many cases its the $10,000 to $20,000 fc refund that makes smsf's viable compared to the aged pension..
If these fools r going to cap the fc refund they should suggest a realistic cap ,not a cap that would not pay for a weeks stay away from home allowance that most politicians use to rip the tax payer off plus all their other rorts .
And y DOUBLE BAY nsw voted labor in.