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Dude McAwesome posted:http://www.abc.net.au/news/2018-05-07/peter-costello-says-well-be-dead-before-national-debt-paid-off/9736158 You seem to have missed the context of the comment. He’s comparing the 47% paid at $200k vs the 30% paid by business at $1m. More tax cuts are being given to business (which studies have shown doesn’t lead to job creation) whilst those earners in the low six figures haven’t seen a tax break in 10 years. Eat the rich and all that, but it’s absurd. In real terms someone at $200k is paying around 35% tax overall. Pinball Jizzard fucked around with this message at 23:33 on May 7, 2018 |
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May 7, 2018 23:30
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I agree, increase company tax rates
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May 7, 2018 23:46
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Solemn Sloth posted:I agree, increase company tax rates
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May 7, 2018 23:57
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Pinball Jizzard posted:You seem to have missed the context of the comment. He’s comparing the 47% paid at $200k vs the 30% paid by business at $1m. More tax cuts are being given to business (which studies have shown doesn’t lead to job creation) whilst those earners in the low six figures haven’t seen a tax break in 10 years. Eat the rich and all that, but it’s absurd. I agree. Companies don't pay enough tax on profits E;fb
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May 8, 2018 00:01
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Solemn Sloth posted:I agree, increase company tax rates Tim Wilson on Q&A last night "If you raise Newstart, the money has to come from somewhere" I loving wonder where we could stand to raise taxes you fucken muppet 
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May 8, 2018 00:20
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In theory none of that matters for local investors anyway due to dividend imputation and super tax relief. The level of company tax is mostly only relevant for foreign investors. The real culprits are things like the capital gains tax discount which flies way too far beneath the radar of these discussions and is a major element of why our housing market is boned (attractiveness of property to owner investors) and driving inequality - if you only pay 50% marginal tax on investments, of course investors will become wealthy more quickly vs wage earners. Edit: or dividend imputation itself, which like no other country has.
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May 8, 2018 00:25
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I like that corporal punishment guy proposes a death sentence for any crime more serious that stealing a car. Very effective for rehabilitation that one.
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May 8, 2018 00:38
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hooman posted:I like that corporal punishment guy proposes a death sentence for any crime more serious that stealing a car. Well they won’t fuckin do it again mate will they, what are ya, fuckin soft?
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May 8, 2018 00:41
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hooman posted:I like that corporal punishment guy proposes a death sentence for any crime more serious that stealing a car. what about downloading a car
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May 8, 2018 00:44
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The Before Times posted:what about downloading a car You wouldn't!
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May 8, 2018 01:26
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What is it with people like Mormons. If u want a religion that takes all the violent parts of the old testament with none of the humility and forgiveness of the new testament just go be jewish/muslim/sikh/orthodox/monarchist. If it's the multiple wives thing that has already been done with Henry VIII. It's not as if there's an austerity on religious doctrine that allows violence on other people, you don't have to go invent a new one/adopt one from bloody USA
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May 8, 2018 01:29
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norp posted:I agree. Companies don't pay enough tax on profits Large companies don’t. There’s a balance that needs to be maintained. Small companies are great job creators and maintainers; giving them the ability to grow and create jobs is a good thing. Large companies are job creators, but once they reach a certain point, will try to cut jobs to make more money. Dave the builder employing 10 guys deserves a tax cut so he can grow to 20 guys. MegaCorp with 10,000 employees will start to outsource the support portion of their company and save money either way.
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May 8, 2018 01:36
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Pinball Jizzard posted:Large companies don’t. There’s a balance that needs to be maintained. Small companies are great job creators and maintainers; giving them the ability to grow and create jobs is a good thing. Large companies are job creators, but once they reach a certain point, will try to cut jobs to make more money. What about Tina the cafe owner with 10 wait staff, if you give her a tax cut then she can afford to underpay 20 wait staff for the wage of merely 2 actual wait staff.
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May 8, 2018 02:00
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Guardian posted:Outspoken Nationals MP George Christensen is set to be ordained a deacon in the Anglican Church. In other news, a shark was made an honorary lifesaver today.
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May 8, 2018 02:04
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Going to be cool when we increase business taxation and make all these small businesses accept their fate at the hands of the market causing a spike in unemployment of 15%
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May 8, 2018 02:04
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Pinball Jizzard posted:Large companies don’t. There’s a balance that needs to be maintained. Small companies are great job creators and maintainers; giving them the ability to grow and create jobs is a good thing. Large companies are job creators, but once they reach a certain point, will try to cut jobs to make more money. This is very confusing. How does a tax cut help Dave employ more people? Wages are expenses deducted pre-tax from revenue and are unaffected by the level of the tax rate. Can you expand on this? Post tax profits can either be reinvested as capital expenditure (retained profits) or distributed to stakeholders as dividends, they won’t affect wages or new hires as those are normal business expenses...unless you are talking about attractiveness to external investors to source more capital? And in which case, doesn’t dividend imputation mean that it’s irrelevant for local investors? Help me out here...
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May 8, 2018 02:06
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Just kidding everything will just end up getting Walmarted and we can finally enjoy that nightmare lifestyle.
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May 8, 2018 02:06
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Pinball Jizzard posted:Large companies don’t. There’s a balance that needs to be maintained. Small companies are great job creators and maintainers; giving them the ability to grow and create jobs is a good thing. Large companies are job creators, but once they reach a certain point, will try to cut jobs to make more money. Profits are by definition not being used to grow the business *already*. Reducing taxation on them will not increase the amount that is invested into the business You are just regurgitating brain-dead IPA talking points
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May 8, 2018 02:07
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Also small companies are in the most part not net job creators, nor are large companies. 90% of net jobs growth in the economy is driven by a very small (<1%) cohort of small/medium enterprises (SMEs) which are almost always innovative (usually in business process or model, sometime in product) and fast growing. Age is not usually a predictive variable so they can be old firms or new firms, and they can pop up in pretty much any sector of the economy. They are also often low productivity as they are focused on growth rather than cost control and often export oriented (definitely not always). Note this refers to net jobs growth; a lot of new jobs are just reallocations within the economy, where a job replaces another and thus doesn’t improve the overall situation for the labour force (unless the job involves moving up in pay/conditions). Edit: also to be clear these guys rarely give a poo poo about corporate tax rates cos they are too busy growing their revenue/market. Large companies especially multinationals are important for commercialization but despite what they say, they often care about things like a talented and highly skilled workforce in terms of where they want to invest/create jobs in, not tax rates. Companies don’t go to Silicon Valley because of the tax treatment. (Or, say, Berlin which goes gang busters in other industries) Blamestorm fucked around with this message at 02:18 on May 8, 2018 |
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May 8, 2018 02:15
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Pinball Jizzard posted:Small companies are great job creators and maintainers; hahahaha
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May 8, 2018 02:18
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If you refer to anything other than consumers as “job creators” gently caress off back to school.
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May 8, 2018 02:20
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Job creators is a stupid term but small companies are the largest job jobbers for jobbies in Australia.
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May 8, 2018 02:26
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I would say Government is also OK given it basically employs (or should employ) most of the critical people in the economy (hospitals, emergency services, teachers, public housing providers, infrastructure, ideally energy and banking providers - all things necessary before you have businesses at all) but also obviously they represent consumers (in theory) so...
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May 8, 2018 02:28
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Blamestorm posted:I would say Government is also OK given it basically employs (or should employ) most of the critical people in the economy (hospitals, emergency services, teachers, public housing providers, infrastructure, ideally energy and banking providers - all things necessary before you have businesses at all) but also obviously they represent consumers (in theory) so... Small businesses employ all the gormless nobodies that aren't valuable enough to do something important.
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May 8, 2018 02:31
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Blamestorm posted:I would say Government is also OK given it basically employs (or should employ) most of the critical people in the economy (hospitals, emergency services, teachers, public housing providers, infrastructure, ideally energy and banking providers - all things necessary before you have businesses at all) but also obviously they represent consumers (in theory) so... I thought about covering both with “demand” but I think that would have been too advanced for our imbecilic friend.
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May 8, 2018 02:31
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JBP posted:Small businesses employ all the gormless nobodies that aren't valuable enough to do something important. To be fair government could do this too!
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May 8, 2018 02:36
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Birdstrike posted:I thought about covering both with “demand” but I think that would have been too advanced for our imbecilic friend. The reality is that governments are the key creator and manager of markets, jobs and the whole system, the fact that they withdraw or do it poorly doesn’t change the fact that there is no environment for businesses and consumers except that which a government has created or allowed to exist. Not in the contemporary world. The Government could go, unemployed people, cool, we have a labour surplus which we could do awesome things with - let’s pay (good rates) to unemployed or underemployed people to do things that lead to economic growth, like social services, reskilling and adult training, infrastructure development, etc etc - and basically eliminate poverty. It’s not like other countries with much greater wellbeing than us don’t do this already at least in part.
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May 8, 2018 02:41
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ewe2 posted:In other news, a shark was made an honorary lifesaver today. At least he's got the celibacy down pat.
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May 8, 2018 02:43
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JBP posted:Small businesses employ all the gormless nobodies that aren't valuable enough to do something important. I thought that was Newscorp/IPA?
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May 8, 2018 02:47
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JBP posted:Small businesses employ all the gormless nobodies that aren't valuable enough to do something important. We have the military for that.
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May 8, 2018 02:51
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https://twitter.com/TonyAbbottMHR/status/993654727039533056 I don't think Tones knows what "Partisan" means.
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May 8, 2018 03:09
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hooman posted:https://twitter.com/TonyAbbottMHR/status/993654727039533056 you grate it on spaghetti
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May 8, 2018 03:31
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It's a partisan attack when you consider "moderate" Liberal party members to simply be enemies with whom you share an uneasy truce, which tone does.
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May 8, 2018 03:35
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Arguing about who is the bigger or better job creator misses the point and delves into the language of the right. The greatest factor in the economy able to deliver on an individuals wellbeing is the government because it has the exclusive monopoly on legitimate force. The fact that it does not use it enough to further the wellbeing of everybody is scandalous.
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May 8, 2018 03:46
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hooman posted:https://twitter.com/TonyAbbottMHR/status/993654727039533056 The partisan is where the suppository of wisdom gets pushed into
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May 8, 2018 04:11
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Zenithe posted:I've never seen Jesus and Marx in the same room. Makes u think. Couple pages back but... 
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May 8, 2018 04:39
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EXTREMELY IMPORTANT THREAD UPDATE. Steam is refunding me.
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May 8, 2018 05:36
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Milky Moor posted:EXTREMELY IMPORTANT THREAD UPDATE. I'd send you back as defective too.
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May 8, 2018 05:43
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Milky Moor posted:EXTREMELY IMPORTANT THREAD UPDATE. owned
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May 8, 2018 06:00
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I’m gonna go refund more early crapcess games
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