I think the law should be that immigrants who commit a serious/violent offense within 2 years of citizenship get deported. This would go a long way toward getting rid of the 'shit' while giving incentive to others who are borderline to change their ways.
I'd rather keep them and deport anyone who's ever said herrrrrrrrrrrr aboriginals were here first, we're immigrants, so therefore we should import 100 million people next week, herrrrrrrrr.
Ever, in their entire lives. So we should definitely keep records of what people say on the internet in case we can do it in the future.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
What are we going to export? What does the world need that isn't already done by someone else for far cheaper and probably better quality than what we could do?
Hello moops
You are right , there is no nice way to fix the economy, but I did use the words improve the economy and did say it might not be possible in the current economic climate.
Im not sure what we could export apart from our jobs
Why do we need to rely so much on the rest of the world, we are self sufficient here or were until we got to involved with the rest of the world and their BS.
If I was running the country, here is what I would do:
I wouldn't be popular with the vested interests but I would prick the housing bubble by:
1. Cutting right back on immigration to maybe a quarter of what it is now. 2. Go back to foreign investment rules the way they were before Krudd inflated the bubble. And I would set up an FIRB that actually does something. 3. Quarantine negative gearing to losses on income only from property 4. Stop all FHOG.
In addition, I would set up government offices in rural areas and also provide incentives for businesses to move to rural areas.
Imagine this - housing prices would revert to their mean, which is about half the price they are now, and in many cases less than half. And money would be freed up for other things. I know these ideas are radical, and certainly nothing that the present government or previous government would consider, but I know the outcome would be for the betterment of us all.
Some good input Sylvester,
You not not be popular with our forum bulls that's for sure, but seems you points one to four would put more money back into the economy.
Not sure about encouraging more government to rural areas though. The less government , the less wasted money. And rural areas have an even tighter budget than most areas. Encourage more private business if possible but not more government.
Economy is a subject, not an object. If you wish to refer to an object, then refer to the Aussie "market place".
First we need an Educated brain!
Change Australia into a dual currency system. Alongside the fiat currency introduce a legal tender gold coinage with a gazetted rate subject to change. Originally British currency was dual both Sterling and guinea.
Bring back the gold Koala!
The only fair way is too make interest payments a non tax deduction for all business. Singling out buy to let investors is grossly unfair. This will also reduce the power of the banks.
It would a wise move to have most of our private car fleet on LPG, this reduces toxic emissions to third for starters. But we've gone from supply 80% of our petrol to less than 50% and it is getting worse.
I'd reduce the quota on immigrants greatly. Personally I'm not against foreigners as long as they integrate into our culture or at least respect it.
What's that first one about, the economy is on the back foot, what's wrong with that, you having a dig count , fair enough.
Yes we do need an educated brain, but dogooders will stop the educated brain from implementing what is really needed, another problem with society.
I have never looked into the dual.currency idea, but it may make the dollar more stable.
Your comment about making all interest payments non tax deduct able for business is not so good. And you cut off and left out where I said about removing negative gearing. We are trying to help and encourage business , not hinder it further , so.they can keep their interest payments as a tax deduction . Not sure I understand your reasoning there, yes it might put more money back into the government to waste but would hinder businesses.
So we agree that lpg has a big potential for the economy, in more ways than one. It might reduce tax dollars to the government but more more money back in people pockets and there fore the economy. Reducing fuels costs, cost of living and making our country cleaner and greener.
I think the law should be that immigrants who commit a serious/violent offense within 2 years of citizenship get deported. This would go a long way toward getting rid of the 'shit' while giving incentive to others who are borderline to change their ways.
Its really common sense , if they play up , piss them off , plain and simple, we don't need anymore problems.
The two year rule sounds good, be like a good behaviour bond and might stop some of the BS.
Our forum bears have had plenty to say, what about our forum bulls, any ideas.
This was supposed to be a neutral , work together thread inspired by our favourite bull PF.
I think the law should be that immigrants who commit a serious/violent offense within 2 years of citizenship get deported. This would go a long way toward getting rid of the 'shit' while giving incentive to others who are borderline to change their ways.
Pretty sure you get booted out if you do anything bad while on a permanent resident visa - they'll revoke it. That's 2 years there
Elaborating on the lpg. We have heard the government jibber shit about reducing our carbon footprint and making Australia a cleaner , greener nation. But what a croc of shit this comment is. If they were serious , they would adopt the lpg solution, less pollution and a much greener country with far less carbon footprint. But if they did this , they would not be able to rob so many Australians of massive petrol taxes. So do they really want a cleaner , greener country with less carbon footprint .Not if it reduces.there chances of taking more money from you and your family.
Shows how these fwts, are more concerned with robbing you than having a cleaner , greener country .
+1.
If the govt had any balls they would put in a policy to ban oil imports by 2020 or so. It would not only be environmentally friendly, it would de-risk the economy from oil shocks.
I would also put the marginal tax rate for ordinary income above $500k to 80%.
At the same time I would split CGT off from ordinary income (i.e. it is a separate calculation). Give CGT a flat rate of 22% and levy CGT on the family home, but there would be an accumulating tax-free threshold of the order of $40k per year per person.
The aim of the above would be to make it impossible to earn the big bucks without risking your own capital.
Stock-based compensation would be subject to CGT on sale and have a cost base calculated on the vesting date where it vests after 4 years or more, on the grant date if it vests between 2 and 4 years. If it vests in under 2 years it would be calculated as ordinary income on vesting and subject to CGT in the normal way on disposal.
I would also lower the company tax rate to 20% for workers' cooperatives - i.e. companies where more than (say) 80% of the shares are owned by employees and every employee is a shareholder (shares may be subject to a restriction on sale for up to 2 years.)
mel
18 Dec 2013, 12:57 PM
I think the law should be that immigrants who commit a serious/violent offense within 2 years of citizenship get deported. This would go a long way toward getting rid of the 'shit' while giving incentive to others who are borderline to change their ways.
Where would you deport them to? No country would accept a deportee from Australia if they were an Australian citizen.
I do have my heckles up with the banking system, I think we do get well & truly shafted ALL of us..
Im not that familiar with the community bank structuring, is it better? I do notice they do go out of their way to support some local schools & stuff & donate..
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
At the same time I would split CGT off from ordinary income (i.e. it is a separate calculation). Give CGT a flat rate of 22% and levy CGT on the family home, but there would be an accumulating tax-free threshold of the order of $40k per year per person.
Again the inability to distinguish between a principle residence and commercial activity. Besides the fact IP's also have NG that doesn't apply to to ppor's.
As Goebbels said, sell them propaganda for long enough and eventually it can be sold as truth.
For all that matter high house prices are the product of a funny money system. Introduce gold money and property prices would sliced in half overnight.
Everybodies brains have fallen out in the road curb.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
If the govt had any balls they would put in a policy to ban oil imports by 2020 or so. It would not only be environmentally friendly, it would de-risk the economy from oil shocks.
I would also put the marginal tax rate for ordinary income above $500k to 80%.
At the same time I would split CGT off from ordinary income (i.e. it is a separate calculation). Give CGT a flat rate of 22% and levy CGT on the family home, but there would be an accumulating tax-free threshold of the order of $40k per year per person.
The aim of the above would be to make it impossible to earn the big bucks without risking your own capital.
Stock-based compensation would be subject to CGT on sale and have a cost base calculated on the vesting date where it vests after 4 years or more, on the grant date if it vests between 2 and 4 years. If it vests in under 2 years it would be calculated as ordinary income on vesting and subject to CGT in the normal way on disposal.
I would also lower the company tax rate to 20% for workers' cooperatives - i.e. companies where more than (say) 80% of the shares are owned by employees and every employee is a shareholder (shares may be subject to a restriction on sale for up to 2 years.) Where would you deport them to? No country would accept a deportee from Australia if they were an Australian citizen.
Thank you miw, brilliant input.
I think most of your ideas are very good, but I might not go quite that far on some.
I would probably lower the company tax rate to 20% which is better than they pay now and perhaps have a sliding scale. So any buisimess earning less than 100k would pay 20% , would be small business that may be starting out, might be the one man business and they would pay 20% . This would encourage and help.small businesses starting out. From 100k-250 k we will make it 25%, for any over 250k make it 30%.
Is your 22% cgt after the 50% discount for ownership over 12 months.
Yes seperate cgt from wages for individuals. Make capital gains tax 25% for anything up to 250k. And 30% for anything over 250k.
You like the lpg idea and I like your oil import ban , should be sooner. Like you said it reduces oil shock. In 2008 when the stock market collapsed , our dollar went to 60 cents and I remember petrol at 179.9 , owning three V8 powered cars at the time . So back then it put us on the back foot even more with such high petrol costs, sending the price of everything else up that had to be delivered. With our capped lpg we would have been completely immune back then and in the future. Which is protecting our economy to a great extent.
As for deportation comment, where would you send them. I would send them back to where they came from, fly them there and leave them there. If you want to play up its goodbye , you had your chance, we gave you one, you blew it, simple, set an example.
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