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Les Affaires
Nov 15, 2004


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Les Affaires
Nov 15, 2004

hey if he comes back you can team up and be Mills and Noob

:flame:

Les Affaires
Nov 15, 2004

Graic Gabtar posted:

30% of our budget expenditure goes towards welfare. Feel free. Tax me as much as you want. You'll be back here in five years bitching about how the rich aren't paying enough tax and a third of our budget will still be going towards welfare.

The vast majority of that 30% is the pension though isn't it?

Les Affaires
Nov 15, 2004

Holy poo poo, Rundle just unloaded about depression and anxiety. Worth the subscription cost:

quote:

Good God, when you go to war with Mia Freedman, everyone piles on. Your correspondent made a comment on la Freedman’s piece “I’m finally ready to talk about my anxiety”, and suddenly everyone was there, from la Freedman herself to her Dad to Ageistas-turned-Guardianistas, to (ha) Paul Murray, one of Sky News’ resident shock jocks. It was like a Wes Anderson movie, you keep expecting Owen Wilson to come through the door in a silly uniform.

So let’s try and get a bit more light than heat from this conversation, shall we? First off, depression and anxiety are a real thing, individually and socially. Despite being compared to Mark Latham by Freedman (of which more later), I’m emphatically not of the “pull yourself together we didn’t have this in the 1950s” school.

But there are different types of depression and anxiety. Manic depression/bipolar disorder seems a fairly separate condition. Serious or clinical depression, which leaves people unable to function, is separated off (in various different ways, by various categorisation systems) from a more common-or-garden variant. There are various types of anxiety, but one particular type appears to be related to depression — which is why it responds to SSRI (selective serotonin re-uptake inhibitor) drugs that were originally marketed as anti-depressants (whereas other types, which respond to other drugs such as Xanax and Valium, do not). “Standard depression” and anxiety appear to be on the rise in contemporary society. But are they?

The question is not easy to answer. Some types of subjective disorder/mental illness appear to occur in all societies. The condition we call “paranoid schizophrenia” appears to be constant, with a 1% occurrence in all societies — and is identified as a disorder, even in societies that believe in magic and supernatural forces (which is one thing that marks schizophrenia in a secular-scientific society). Serious clinical depression appears to have a degree of universal occurrence, too — stories of people falling “into a melancholy” lasting for years appear to be a record of this.

But what appears to be new are distinct forms of depression and anxiety spreading over an ever-wider area of social life. For a century or so, a form of anxiety — known for a number of decades as “the nervous breakdown” — has been current. More recently, it was joined, and to some extent superseded by, a persistent form of depression that leaves people functional but feeling utterly hollowed out inside — feelings of meaninglessness, obsessional negative thinking about self, disconnection, lack of pleasure, low energy, fuzzy mind, psychosomatic illness, etc. A certain type of anxiety has a similar structure of circular thinking — extreme hypochondria, panic, etc — to the obsessional negativity of depression.

Whatever the occurrence of other types of subjective disorder across cultures, this condition appears to be very specific to our culture, that of prosperous consumer-oriented, media/image-dominated mass society. Cultures based around smaller intimate societies, pre-capitalist forms of production, strong religious or traditional beliefs, may have all sorts of problems, but they don’t have these ones, by and large. From within the sociological/social-psychological discipline that suggests a root cause — meaningful life in such societies is founded on shared meaning, a lesser role for individuality and choice, and a common belief system. That puts a ground beneath people’s feet. Sadness, even misery, occurs, but they do not become that vague, cloudy but tormenting, depression/anxiety that many modern people recognise.

Further to this theory of the psychology of depression/anxiety is a theory of physical changes created by it. This is the “cortisol hypothesis” — the argument that the long-term occurrence of such feelings elevates levels of the fight-or-flight hormone cortisol, which is eventually depressive in itself, and also lowers the levels of the brain chemical serotonin. Playing a role in many functions, serotonin has a role in regulating mood, chiefly by allowing us to gain pleasure from the presence of trusted others (the “loved-up” effect of MDMA/ecstasy, which creates a serotonin flood, may be, in effect, causing one to identify strangers as loved others). The suggestion would be that persistent depression gets people “stuck” in a physical-mental rut, from which it is difficult to get out of by an act of will or self-determination alone.

Chemical anti-depressants have been known since the 1950s, but they were fairly crude in their effect. In the 1970s, fluoxetine was discovered, the first SSRI. Serotonin fills the “synaptic gap” in the brain — the space between synapses, the brain’s many billions of connection points. The cortisol hypothesis suggests that in depressives, it is reabsorbed too quickly by the “receptors” (like little drains) budded on the synapse. SSRIs have a chemical structure similar to serotonin, but they are not absorbed by the receptors — so they “plug” some of them, and serotonin stays in the gap longer. This appears to produce an immediate lift in many users of SSRIs, but the main effect appears to occur three to five weeks later, when a sustained lift out of depression often (but not always) occurs.

From the time Prozac, produced by Eli Lilly, came on the market, every other Big Pharma company started to bud off variants. Zoloft and Paxil were the two major ones, and Lexapro, the variant Freedman was spruiking, one of the minor leaguers. Such drugs are all minor molecular variants of each other, and they have a 17-year branded patent (after which they can be sold generically by anyone). However, the corporations producing these drugs can extend the patents if they can argue that they treat other conditions — thus Lexapro had its patent life extended as an anti-anxiety drug, and Zoloft was applied as a treatment for “social phobia”, a pretty amorphous condition that the manufacturers argued was a hard medical condition. In one particularly audacious move, Zoloft’s manufacturer tried to have “shyness” defined as a medicable condition.

SSRIs took off in a way that no drug ever had to date. By the 1990s, they were the most -prescribed drugs, earning Big Pharma billions, hitting prescription levels of 10-15% of the population. They were in use for about five years before people began to notice that they were changing the culture, our idea of selfhood — and the actual materiality of the selfhood of people taking them. The argument that mental depression could create a persistent physical depression pre-existed the rise of the market for SSRIs, but it was effectively cemented in place by their success, their vast marketing campaigns, and the capacity of Big Pharma to fund research that tracked in certain directions.

But as SSRIs spread and governments cut back funding for more expensive talking-therapy approaches, the mental-to-physical theory of depression and anxiety began to fall away , and a simpler de facto model took over — depression and anxiety were treated as purely physical/neurological functions, to be directly adjusted by drugs. GPs had preferred to refer troubled patients to psychotherapists, to apply a mix of talking and drug therapy; increasingly GPs themselves began to prescribe the drugs with very little follow-up. They had initially been presented as taking three weeks to work, but it was clear to many that an immediate effect was occurring in many people. GPs want to alleviate suffering, large numbers of depressed people came through their doors, the drugs seemed to work, and GPs tend to be practical types, not prone to cross-cultural analysis. Though other people tried to emphasise the complex nature of depression as a social/psychological occurrence, the de facto physical theory started to win out.

The approach was also attractive to many sufferers too. Depression has many factors, and some of its particular occurrence may have individual factors — dysfunctional childhoods, bad adolescences, physical/sexual/emotional abuse, personality traits useful in some societies (e.g. mildness, gentleness, introversion) that make life difficult in an individualist, market-based society. Committing to therapy offered a longer, more difficult path, one that involved admitting a lack of success in negotiating parts of life, and confronting things that the depression or anxiety might have been an unconscious strategy to avoid. Not only do SSRIs offer an immediate lift, they also offer the idea that one is afflicted with a random physical condition. It not only absolves the sufferer from a more difficult struggle, it gives one the status of the ill, a degree of special dispensation.

But this ever-widening acceptance of the physical approach to depression occurred at the same time as some contrary indications. While it was clear that SSRIs altered the chemical processes of the brain, several studies suggested that there was no difference between SSRIs and a placebo in alleviating depression and anxiety. This in turn has thrown doubt on the serotonin/cortisol hypothesis. This isn’t unusual in this area; for more than half a century, lithium has been used to treat bipolar disorder, yet there is still no authoritative theory of how it works. The placebo effect disturbed many practitioners, which they dealt with by ignoring it (no profession is more practiced in psychological defences than psychological professional practice). There was no real theory applied, but the simplest one would be from anthropology — the pill is a gift, a material exchange of reciprocal connection between doctor and patient. Effectively, it’s an invitation to magical thinking that relieves the patient of the burden of their own afflictions, and thus allows their energy to flow outwards to the world again. “Pick up thy bed and walk” — Jesus, by using a touch of the hand, was one of the first documented short-term psychotherapy providers.

SSRIs have been so lucrative for their patent-holders that they have gone to extraordinary lengths to maintain the market. This has meant playing down some of the serious side effects. Earlier anti-depressants had had general side effects — they left users feeling sluggish and fuzzy. SSRIs had particular side effects — they left most users without side effects, but caused a very dire one in a small number (1-2%) of users, which was a sudden and overpowering surge of suicidal feelings. The simple enough theory of that was that depression had the effect of depriving very troubled people of will (and was thus to a degree protective). Recharged by an increase of energy and purpose, but with none of their psychological issues dealt with, the combination supercharged the drive to self-destruction. There has also been an argument that SSRIs promote homicidal behaviour, for related reasons, and Big Pharma fought court cases all through the ’90s to try and head that off at the pass.

Proportionally, these were relatively rare occurrences — though given the numbers of people taking these drugs, the raw figures of suicidality are quite high — but in the 2000s another issue began to emerge, that of habituation and neurological damage from long-term use. SSRIs had been marketed on the claim that they wouldn’t have an effect on people who didn’t have depleted serotonin, wouldn’t diminish in effect over time, and wouldn’t cause receptor damage. But none of this had been tested prior to FDA approval and only emerged after the drugs had been in use for a decade or more. The dangers are obvious — prolonged use could reduce the effectiveness to zero, damage the mood “hardware” and leave sufferers in a worse state than they began in, and with resistance to the drug in question.

That SSRIs are beneficial, life-saving in some instances, and an effective treatment for deep-seated and resistant depression and anxiety seems well-established (though some would disagree). But the level of prescription that goes with the “physical” theory of depression/anxiety is vastly in excess. No one really advanced the simplistic physical theory of depression, bald and unvarnished; it has simply grown up around practice — and then it started to steer the practice and exclude alternatives. But the physical theory of depression ignores the stark fact that many societies that do not have our characteristics simply do not have the levels of depression and anxiety we are experiencing, especially the levels of it in adolescence and childhood.

When we approach it from the other end, the social end, we can say something different about depression and anxiety — that we have a depressogenic society, creating depressed people who would not otherwise be so, and creating a vast amount of unnecessary suffering. But what is it about our society that is creating this depressive excess? As I noted, the clear division is between societies “grounded” by abiding others, shared purpose and work, mutual obligation in close networks and a relatively concrete belief system. Modernity, of any character, is the factor most likely to increase these conditions — scattering villages into cities, replacing traditional culture with mass culture, allowing people to become isolated and disconnected — but that only goes part of the way. After the “great transformation” when we went from “communities” to abstract societies, both the working and middle class re-assembled community in the form of neighbourhoods, associations, congregations, etc.

But, in the 1960s, those worlds were subject to a fresh break-up. A consumer economy, class mobility, liberal social revolutions and a new centrality for mass media put the individual at the centre of social life — with the increased risks of collapse that individualism creates. In the ’80s and ’90s a further break-up of social networks occurred with the extension of the market into all areas of social life and the absolute dominance of a culture based on a vast stream of images. Beneath this all, a master process ran — working life ceased to be about production for a local community, for each other, and became commodity production, work to produce something with no particular meaning attached to it, to sell on the market.

The result is a society that is supercharged, dynamic, often exciting, and liberating. But it is also competitive, setting people against each other, hyper-individualistic, repeatedly dissolves grounding meanings — where you grew up, how you lived, etc — and all of it driving many people to work very hard with no meaningful purpose. When the going is good, it’s great, when it’s not, you can fall for a long way. It is also afflicted with what one might call the “precursor” of depression and anxiety, narcissism — a see-saw of manic (and defensive) overvaluation of self and a sense of crushing insignificance amid the global image gallery.

That way of life can create outbreaks of depression and anxiety everywhere, but it tends to hit two groups hardest. The first is the powerless — those with little control over their lives, victims of under-resourced education, abusive backgrounds, working-class worlds from which work has been removed, rural areas in serious decline (where community has become attenuated) and the like. Depression and anxiety in these cases are what Martin Seligman called “learned helplessness” — when no choice you could reasonably make could make a difference, you collapse into a vicious circle of defeated and depressive mood.

The other group that seems to be afflicted by depression and anxiety are at the other end of things — culture and media producers. Levels of depression and anxiety appear to be very high amongst this group, judging by the number of articles written about it in media for affluent consumers. There are many particular reasons for this. Culture/media producers work in a world of images, disconnected texts and relentless production of content with no great meaning. It’s like working in a hall of mirrors. Unless you understand that you’re in a hall of mirrors, you are bound to be disoriented. Then there is the particular form of the work. Whatever the many advantages of such work over factory labour, the latter doesn’t ask for your continued passionate engagement; many people in culture and media circles find themselves sucked dry by the continued demand for ideas, opinions, performance, etc. Increasingly this demands a mobilisation of self, drawing on personal experience and attitude to create material for sale. Within an overarching purpose for doing it — political, for example — many people will simply find themselves out of gas. That is particularly so in our era. The great era of liberal media is over, when large organisations were willing to put capital in the service of truth and inquiry. With honourable exceptions, media are now content mills, and media and culture can feel, for many people, a ghastly parody of what they went into it for.So, many people have a desire to believe that their depression or anxiety is nothing other than a physical illness, and a whole medical system is willing to agree with them. But there is also an interest the system itself has in maintaining such a false and simplistic belief. To really address these issues. we’d have to start thinking about social and cultural change — rebuilding a way of life in which there is more possibility for people to live in meaningful interconnection, less set against each other in an isolating manner, and less dominated by commodities, and images. Those who have an interest — even an unconscious one — in the current world continuing are those who have an interest in selling meaning back to a general populace one piece at a time. Such interests cannot but shape their worldview.

In the wake of last week’s article, the critic fielded a number of criticisms, all of them easily dealt with. A persistent one was that “I was not a doctor”, so couldn’t speak. Well, first of all I wasn’t advocating a course of action. Freedman was, pushing a line pretty strongly pro-SSRI, and implicitly suggesting indefinite use. I merely pointed out the side effects. Freedman’s doctor either didn’t point these out, professionally remiss, or Freedman didn’t pass them on, and she was remiss. More broadly, however, the idea that only doctors, or those channelling them, can speak on the topic is to pre-decide the issue as a medical one, and depression/anxiety as a physical disease, which is pretty circular. The most extreme form of that was the argument that to suggest that people with such conditions, think about whether factors in their life might be contributing — like living in the vortex of media-entrepreneurial mania — was to be “patronising”. This seems about the most bizarre application of the medical “physical” model of depression/anxiety around; that you should entirely abandon any sort of reflection on how you live, and simply jack into your brain with a chemical. This is the denial of autonomy and self-determination at its most confused.

Secondly, was the suggestion that a personal article should be above criticism, especially a “brave”, confessional one. But, of course, it wasn’t just a personal article — it was evangelising for a certain type of drug, so to claim immunity would be perverse. And how brave is it to publish another mental illness memoir, really? Nor is contacting the author for more information a feasible option. If you’re going to advocate a debatable course of action based on your own experience, it becomes a public object, to be debated with robustness.

Depression and anxiety have become major topics in the contemporary world because they’ve become major challenges in many people’s lives, either directly or through people they’re close to. But the depression/anxiety memoir, etc, has also become something else — a heroic narrative, something that lifts the reader out of the mundane and tells of overcoming the odds. Frontier narratives for a built-out world, inward ho! They make people feel alive in a deadened world, which is why they are endlessly repeated. Without pushing back against this on a collective level, it will only get worse. It will be worse for your kids, and it will occur in a context not of expanding opportunity and prosperity, but of the narrowing of such. The crisis will come, best prepare for it.

Australia has become a world centre for this. Whether we have more depression and anxiety than elsewhere is hard to quantify, but we sure love to talk about it. We’ve gone from true blue to Beyondblue in a couple of generations. One reason why that might be, is that our culture was so thin in the first place. With old value systems like imperial mission or cultural nationalism gone, we’re just a big suburb on the coast, swamped by the new anti-culture, anti-social media, etc. Depression confessional has become the centre of our cultural life. Politicians, footballers, writers, etc — it never stops. There was a point to it early on, but now it is part of a cultural predicament. And also of diminishing returns, as the discussion never moves forward to what it needs to do, which is to talk about this issue as a social and historical phenomenon. Ultimately, to make the decision to ring-fence a part of your own behaviour as pathological is to make a separation between self and world that can’t help but put your whole subjectivity “in brackets” as it were. For some it may be necessary; for all it should be a last resort. Better to try and avoid the trap altogether than to hack your leg off to get out of it.

Books from which this article was drawn and further reading for those interested:

  • Rick Ingram (Ed) Contemporary psychological approaches to depression: Theory, research, and treatment;
  • Peter Kramer, Listening to Prozac and Against Depression;
  • Peter Breggin, Toxic Psychiatry;
  • Joanna Moncrieff, The Myth of the Chemical Cure;
  • Martin Seligman, Helplessness: On Depression, Development and Death;
  • John Cornwall, The Power To Harm;
  • Erich Fromm, The Sane Society and On Being Human;
  • Susan Pinker, The Village Effect;
  • Christopher Lasch, The Culture of Narcissism;
  • Pierre Bourdieu, The Weight of the World: Social Suffering in Contemporary Society; and
  • The depression-anxiety film club! Three films by Adam Curtis: The Century of the Self; The Trap; Watched Over By The Grace of Loving Machines.

Over to you, Mia.

Les Affaires
Nov 15, 2004

Lid posted:

lol paleo is dead lol

Better that than some of its proponents.

Les Affaires
Nov 15, 2004

Anidav posted:



Constitution????

1 constitution is a pretty lovely stat, maybe they're stacking dexterity? although depending on the rule set it probably means they only get 20 when rolling the char

argh it's just all over the place

Les Affaires
Nov 15, 2004

Finally the Pyne Gap has been filled

Les Affaires
Nov 15, 2004

Avshalom posted:

I'm so hot. It's so hot here in my body, my fine Pyne physique. I'm so loving hot that I'm going to get nude. I've got a huge boner.

a Pyne Plantation

Les Affaires
Nov 15, 2004


I think i saw this posted on facebook recently, it's not a new article.

Les Affaires
Nov 15, 2004

Jumpingmanjim posted:

Would a progressive sales tax work? Would it even be a good idea?

Yes and yes, although it is partially accomplished by things like the Luxury Car Tax:

https://www.ato.gov.au/Business/Luxury-car-tax/Calculating-your-LCT/Working-out-the-LCT-on-a-sale/

Les Affaires
Nov 15, 2004

Vladimir Poutine posted:

That's the second biggest article on the ABC homepage.

This PR campaign went down like a turd in a punchbowl.

Down down, share price is down...

Les Affaires
Nov 15, 2004


"Hmm, a treasured Australian cultural icon... should we run this past legal?"
"N...no? Why the hell would you do that, get out of my office"

Les Affaires
Nov 15, 2004

*checks in on facebook for final trimester* :(

Les Affaires
Nov 15, 2004


See this doesn't surprise me that they didn't know about it. I know a lot of the lecturers and was taught by the Director of the MBA programme at the business school since having been there four years now, and they all seem to be pretty reasonable people without a shred of skepticism or anything like that.

I could probably query it with my lecturer tomorrow and be told the full story. We'll see.

Les Affaires
Nov 15, 2004

norp posted:

It's also bad for the poor because GST is not levied until you actually spend your money.
So you are able to remian untaxed, earning money from your money, until some point in your future where you spend some small portion of your loot.

This is why you should punch anyone who suggests we should replace income tax with consumption taxes.

The only realistic way to bring GST up equitably is in part to cut income taxes. The question of how much and who gets the lions share of the cut is always on the table, but since the poor and disadvantaged would be taking the lions share of the GST increase then you'd expect the cut in income taxes to affect them in bigger proportion to the top end of town.

At this stage, I'm thinking the "debt and deficit levy" on top earners may actually stay put into the future and not be repealed.

Les Affaires
Nov 15, 2004

Awful lot of cynicism going on in here...

Les Affaires
Nov 15, 2004

Part of the reason why the fedgov hasn't been game enough to touch the GST issue is because they know it's unpopular and that to do it they'd have to take a short term hit in revenue to have long term gains into the future. The last thing any sitting government would want is one or two rogue states going against them, or the federal opposition going against them, because EVEN THOUGH it's necessary into the future to increase it, any federal party that does so risks an awful lot in the process. It's so tempting to just let politics take over and not even bother.

Both the LNP and Labor know they'd have to reduce income taxes in the process of increasing the GST and don't want to be the one branded with the "increasing the debt and deficit" thing for another decade. Labor even less so given it's all the liberal party have been rabbitting on about for years.

Les Affaires
Nov 15, 2004

thatfatkid posted:

gently caress you.

:vince:

Les Affaires
Nov 15, 2004

open24hours posted:

It's only necessary if you have a very limited imagination.

"Necessary" in the way I used it is a loaded term, because of just how loving complex the decision making process is.

Is it necessary because we need the revenue? Maybe, maybe not. The revenue and spending arguments will never go away, especially with this mob in power.

Necessary because there aren't alternatives? Probably not. From what you say, there are alternatives and they just need to be found.

Necessary because the alternatives are difficult to find, implement and sell to the people? Probably. What was that phrase about the perfect being the enemy of the good?

Les Affaires
Nov 15, 2004

open24hours posted:

I really don't think that's applicable here. It's a case of the bad being the enemy of the good.

I need help with this one please

Les Affaires
Nov 15, 2004

Doctor Spaceman posted:

I will bet real money that when the GST gets raised it will be accompanied by cutting stamp duty.

Which will be fun for the real estate bubble, of course.

Imagine a world where GST applied to real estate.

Les Affaires
Nov 15, 2004

Labor mobility, yadda yadda. One day I'll write it all down in a PDF that i can link.

Les Affaires
Nov 15, 2004

bowmore posted:

My gf buys Kmart $4 sweatshop shoes for work every two months even though I keep telling her to just buy one decent pair.

Time to show her the romance of a Net Present Value calculation.

Les Affaires
Nov 15, 2004

xPanda posted:

True story Dr. Karl walked past me today when I was eating lunch at Ralph's. Did I demonstrate ideological impurity by not murdering him?

If you are of the sort that believe a person's actions define them, I think his repenting of his naive judgment should give him a free pass for now.

Les Affaires
Nov 15, 2004

Thing that everybody is speculating on itt: how much he actually gets paid per cartoon.

Les Affaires
Nov 15, 2004

If he's getting paid $5 per cartoon he can pump out as much of them as he likes.

Les Affaires
Nov 15, 2004

freebooter posted:

Barnett's not an idiot. He knows full well he has no chance of changing the rules. But you wouldn't believe how well this poo poo plays to a parochial audience of isolated Perthites who feel that they're always overlooked, not just by Canberra but by the eastern states in general.

In the same way that Australia is deeply insecure about its place in the world, WA is deeply insecure about its place within Australia. In fact a lot of the lovely things about Australia - the cultural cringe, the tyranny of distance, lagging behind others countries' technologies, a one-track economy - apply on a more condensed level for WA.

I never heard the plight of my people phrased so eloquently.

Les Affaires
Nov 15, 2004

Gentleman Baller posted:

Oh no a guy who won a World's Greatest Treasurer award might want to be treasurer again maybe

We all know that award was rigged by evil keynesian aliens, pull the other one mate.

Les Affaires
Nov 15, 2004

I'm worried about the thousands of ergonomic migrants arriving on our shores making our lives more comfortable

Les Affaires
Nov 15, 2004

Murodese posted:

Yeah, don't worry too much. This poo poo happens everywhere.

I think the irony is that if the universities would all just collectively lift their standards and face up to the problem, the reputation of Australian universities would go up over time. If only there were a funding model that would allow this though...

Les Affaires
Nov 15, 2004



quote:

Labor eyes negative gearing after superannuation move

The federal opposition will propose changes to negative gearing as part of an ongoing policy blitz between now and the election.

After stealing the march on superannuation tax reform on Wednesday, shadow treasurer Chris Bowen said there would be more promised tax changes before the election.

Mr Bowen said it would be "irresponsible" to rule out changes to negative gearing before the election. He indicated any changes would not affect existing investors and may limit negative gearing to investors who buy new homes only.

"Our principle will be to not disadvantage people who have made investments in good faith under current rules," Mr Bowen said.

"Two, do not risk reducing the supply of new housing or, if possible, improve the situation with the supply of new housing."

The federal government reacted angrily to Labor's superannuation tax proposals, which would raise $14 billion over 10 years.

Treasurer Joe Hockey said the nation needed coordinated tax reform done through the white paper process, not piecemeal changes.

Under the Labor policy, from July 1, 2017, a retiree drawing on their super will still pay no tax on the first $75,000 in super income but earnings above that would be taxed at the concessional rate of 15 per cent.

This change would not affect eligibility for a partial government pension and would affect about 60,000 retirees who have $1.5 million or more in their super accounts. Any capital gains on assets held in funds before the new laws apply would be exempt from the tax. But capital gains realised after July 1, 2017, and which exceed $75,000 would be taxed.

Defined benefits schemes would also lose a 10 per cent tax cut on earnings over $75,000.

The second measure will be to reduce from $300,000 to $250,000 the income threshold at which the tax on a person's super contributions increases from 15 per cent to 30 per cent. This would affect about 110,000 people who earn between $250,000 and $300,000 and will have to pay 30 per cent on earnings.

Les Affaires
Nov 15, 2004

Birdstrike posted:

Had an appointment with the Cambodian embassy about a visa. Receptionist told me to Khmer a minute. :v:

I SEE THROUGH YOUR ROUGE

Les Affaires
Nov 15, 2004

Anidav posted:

So in a national press club address, Chris Bowen said he was against Negative Gearing. I guess that puts him a cut above Wayne Swan?

The ALP policy they're taking to the election is to wind back negative gearing.

Les Affaires
Nov 15, 2004

hooman posted:

While winding back negative gearing is a good policy it still shits me that the boomers are like "Why yes we will have this huge government advantage that screws poo poo up in the long term, and then close the door behind us, gently caress you."

It's okay, the boomers' uppance shall come once they're forced to pay exceedingly more for the services they need in retirement.

Les Affaires
Nov 15, 2004

hooman posted:

No it will all be subsidised.

Meanwhile good luck with doing anything if you're not part of the "Help Boomers Live Forever off the sweat of others" economy.

EDIT: Man I guess I really got someone's goat, again. Irony that brandis tearing up a human rights council report should be replaced with this. Mysterious avatar buyer, how do you classify non signatories to the human rights conventions (or even signatories in our case) as safe?

You have to remember though, as long as they're not working they're at the mercy of the political system. If their services and quality of life is subsidised, so be it - remember that subsidies paid for from taxation stimulate the economy. If their lifestyle -isn't- subsidised, they will live a life of poverty because they will find it extremely hard to get back into the workforce.

For every gen X/Y fearful of job security and so on there's a baby boomer out there fearful of their superannuation letting them put food on the table.

Les Affaires
Nov 15, 2004

thatfatkid posted:

Why do you feel the need to constantly apologise for the ALP?

I wonder, what are your thoughts on negative gearing?

Les Affaires
Nov 15, 2004

Lucky climate change is a myth eh.

Les Affaires
Nov 15, 2004

The Barnaby Joyce quote strikes me as odd. On the one hand it points to his being against the death penalty, but on the other he's asking for a debate about it.

Is he faking his opposition to the death penalty because of his position? Or does he want to use debate to convince those who are for the death penalty of the reasons why it's a bad thing?

Or is his opposition flexible and prone to being convinced otherwise?

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Les Affaires
Nov 15, 2004

"An advanced city is not one where the poor can drive around in a car but one where the rich use public transport"

Well, cya.

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