JBP posted:

The 17% interest thing is a loving load of poo poo because when people bought that debt, they were putting their hand up for 15% or at the lowest 13.5%. Yes 17% is a bit of a jump from that, but full time employment and stability meant you could weather these increases. Today you've got highly paid people fighting over 12 month contracts, poorly paid people getting a text message the morning of work telling them if they're getting paid this week and a middle class that has either fallen away or become the rent lords thanks to the variable loans they bought at 13-15% in the 80's loving PLUMMETING in the 1990's meaning they paid off loans in record time and had a fuckload of equity available.

Anyway boomers cn eat poo poo etc, they're a pack of fat old liars and we should kill them all.

Bogan King posted:

If you loved them enough that you wanted them off drugs maybe put money into programmes that are effective at doing just that instead of pissing it up against the wall with your hate boner stunt bullshit.

JBP posted:

$500 a week for 5 years is what it takes in Melbourne ($142,000).

If someone gave me $140k the last thing I'd do it buy a house. You can turn that poo poo into a pretty decent passive income, work part time and do poetry.

open24hours posted:

They're not taking away bridging courses or mature age entry are they?

open24hours posted:

If you failed Year 12 English wouldn't that mean you failed your HSC, meaning you'd have to do a bridging course anyway?

open24hours posted:

Is the plan to deny kids the chance to enroll in those subjects though? I haven't read the report yet but I didn't get that impression from the news articles.

hooman posted:

Watch me eat the words "Pell may be a huge piece of poo poo that did nothing about the abuse of children by priests but there's no evidence he himself was an abuser". Watch me eat them and choke and die.

I would blow Dane Cook posted:

The left.

Bogan King posted:

Which one of you fucks is Pope?

https://twitter.com/davpope/status/864817627029307393

JBP posted:

If anyone is keen for some winning the Trump thread is winning all the time and not slowing down right now.

Guardian AU posted:

Budget analysis shows some women hit with effective marginal tax rates of 100%

A new analysis of the combined impact of the Turnbull government’s budget measures suggests women earning below-average wages could be hit with effective marginal tax rates of 100%.

A study of budget initiatives by the National Foundation for Australian Women, to be released on Monday, says a combination of an increase in the Medicare levy, the freezing of family tax benefit rates and earlier repayment requirements for student loans “are particularly harsh for women”.

The study notes the proposed increase in the Medicare levy will affect women on incomes greater than $21,644 and, for women who are eligible to receive family tax benefit part A, the rates are frozen for two years.

“Those who pay childcare fees will continue to face high effective marginal tax rates,” the report says. “University graduates will start repaying loans when they reach income levels of $42,000 per year.

“These changes hit those on earning well below the average wage and are particularly harsh for women.

“Combined, these changes could lead to effective marginal tax rates of possibly 100% or higher for some women, particularly as family tax benefit part A begins to decrease at $51,903.

“Graduates caught between these policies will experience considerable financial stress; graduates earning $51,000, most of whom are likely to be women, will have less disposable income than someone earning $32,000.”

Effective marginal tax rates are the proportion of an additional dollar of earnings that is lost to both income tax and the reduction of mean-tested government payments.

The report, Gender Lens on the Budget – the second annual assessment of the impact of the budget on Australian women – points out that women are overrepresented at lower-income levels and changes to government benefits and increases in taxes have a disproportionate effect on women.

The report says that, according to statistics from the Australian Taxation Office, the median income for women was $47,125 in 2014-15, while for men the amount was $61,711.

The report notes the budget papers supply no modelling outlining the EMTRs for different groups of women.

The foundation welcomes “some significant improvements in infrastructure, disability support, health and housing” in the 2017 budget.

The report says the latest budget contains policies that alleviate some of the proposed cuts of previous budgets, which is a welcome development, but it says the latest economic statement “doesn’t radically turn things around for women”.

In her foreword to the report, feminist, social activist and retired public servant Marie Coleman, who heads the foundation’s social policy committee, notes that treasury has a micro-simulation tool to assess distributional impacts of budget measures.

“We are at a loss to understand how measures could have been introduced in different portfolios which come together to produce EMTRs of up to 100% or more when the government continues to emphasise the need for greater productivity and to encourage female workforce attachment,” Coleman says.

“It is quite clear to us that, notwithstanding the elevation of the office for women to full divisional status and its relocation in the Department of Prime Minister and Cabinet, that there has not been any effective gender aware analysis in the formation of this budget.”

Coleman says the foundation does not doubt the prime minister’s personal commitment to enhancing equity for women and girls but she says the government needs to produce a women’s budget statement to carefully assess the distributional impacts of various policy measures.

The Before Times posted:

So it'll be a levee levy?

JBP posted:

This is why you people can't effectively communicate with working Australians.

Lid posted:

The Quadrant article has stopped working. Either it's being hammered or been pulled in recored time.

Edit: It was being hammered, still up.

Lid posted:

Franklin told Fairfax Media that he stood by the point he was seeking to illustrate in the essay, which he said he had first posted in draft form and updated progressively over the evening.

"The whole piece was an attack on terrorism. It is absurd to suggest that in the third-last paragraph I would advocate a terrorist act."

He said he was making a rhetorical point about the absurdity of a suggestion by one of the panelists on Monday night's program that accidents involving refrigerators kill more people than terrorism, and what he saw as the ongoing refusal of ABC commentators to acknowledge the true causes of terrorism.

"Our lives and the way we live are being constricted, we live in fear and the causes are being obfuscated," he said.

Laserface posted:

I applied for and received a personal loan today and the bank spent 90% of the time I was there talking to me about getting a home loan and how I can do it with my parents ans guarantors and how the market is only going up so I should definitely invest now.

Im like 'guys I literally just borrowed 25 grand off you because I am terrible at saving for things. I mean you can even see how much I earn and spend and without even plugging that info into a computer I can tell you its a bad idea.'

Laserface posted:

Probably worth mentioning that it was also a cold call preapproved loan from my actual bank, but the timing was convenient in that i was going to call them to ask anyway.

hooman posted:

2018_Australian_Banking_Crisis.txt 2017_Australian_Banking_Crisis.txt

JBP posted:

Advice from treasury indicates that corporate profits are not high enough to sustain future budgets, to stimulate growth we are removing the minimum wage AND cutting company tax rates to 5%

JBP posted:

jesus loving christ just kill me now

Lizard Combatant posted:

What you reckon folks, Ranga or Gootongue or Gooanna?

Lizard Combatant posted:

Rust Martialis posted:

Popping in to see where ScreamingLlama's gone.

TF2 HAT MINING RIG posted:

So when Labor eventually wins government they are going to drop Shorten and make themselves look like idiots again, right?

Bogan King posted:

On the plus side if all the leaners paid this little tax there would be no money to pay politicians.

WhiskeyWhiskers posted:

Wasn't really meant to be against you or anything. It's a big thing in history that I dislike, your comment that it was probably a common thought just reminded me of it. Sorry.

Lid posted:

Pauline Hanson’s One Nation has resuscitated its threat to refuse to support the Turnbull government’s budget measures unless the ABC’s funding is cut.

Brian Burston, One Nation’s party whip, said it had received “unfair treatment” from the ABC and the party would reject “all bills associated with the budget” unless the broadcaster’s $1bn a year funding was cut by $600m over four years, according to the Australian.

lol

Anidav posted:

Haha, implying there ARE actually homes under 600K in NSW that are not rat infested death traps!

No thanks, I WILL stick with Queensland!

Laserface posted:

I imagine that it will be eaten up pretty quickly with a sharp price jump.

I would blow Dane Cook posted:

https://www.buzzfeed.com/markdistefano/independent-director-wholl-help-decide-adani-loan-has?bffbozpol&utm_term=.yi7z9nYz7#.yneg1amg4