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Still Kicking...
Topic Started: 3 Sep 2014, 03:46 PM (2,799 Views)
peter fraser
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ThePauk
4 Sep 2014, 10:02 AM
Simples...
When we did have death taxes before the burden was felt most by rural communities who would often have to 'sell the farm' to pay the death tax. The same applies for ongoing business concerns as both rural and business are actually good for our GDP, we would not want to 'force' people to sell these income producing assets.

Also by excluding business, it might encourage investment into productive works, rather than speculation on non-productive assets like housing.
traditionally it's been the farmers and business owners who have been the wealthy. Your plan is to tax the wealthy and distribute to the poor, but then you exclude 80% of the wealthy and only tax the not so poor who have saved hard throughout their lives and paid off their house and accumulated savings so that they could be self sufficient in retirement, but when one of them passes away (looking at a married couple here) you want to tax the survivor back onto welfare.

Your plan needs work and it doesn't appear to have much support because of that.

In reality what you want is to tax the bejesus out of the dead so that the survivors have to sell their real estate so that you can buy a cheap house because the one that you bought from the proceeds of your parents estate was lost in your divorce, and yet you point fingers at other people calling them vested interests, blind to the fact that you are as vested as anyone here.

I think you need to take a bigger picture of this than just your wallet, and look at the repercussions for the whole nation, and indeed whether a return to death duties would be politically palatable. Without support in the electorate your ideas have zero chance of success, so you are just blowing hot air and wasting your time.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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Peter
What is up your goat?

Once again, I have not ever, nor will I, receive any inheritance.

Many countries have a death tax and they seem to manage it?

http://en.m.wikipedia.org/wiki/Inheritance_tax

"A threshold set at $5 million, as the Australian Greens currently propose, is at the politically cautious end of this trade-off.

If the threshold were set at $2 million, the inheritance tax would still apply to only about 5% of households but, set at a rate comparable to that in the UK, for example, it could generate sufficient revenue to finance free tertiary education, for example, or a very substantial boost to public housing to address the ongoing crisis of housing affordability."

http://theconversation.com/why-we-should-put-an-inheritance-tax-back-into-the-spotlight-1634
Edited by ThePauk, 4 Sep 2014, 11:17 AM.
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herbie
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ThePauk
4 Sep 2014, 11:05 AM
... but, set at a rate comparable to that in the UK, for example, it could generate sufficient revenue to finance free tertiary education, for example, or a very substantial boost to public housing to address the ongoing crisis of housing affordability ...
The threshold is $300K quid in the UK. And the tax rate is 40%. (I gather?)

Talk to me about how you plan to increase the nation's productivity Pork; Rather than about how you plan to increase the nation's taxes ...
Edited by herbie, 4 Sep 2014, 01:59 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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herbie
4 Sep 2014, 01:58 PM
The threshold is $300K quid in the UK. And the tax rate is 40%. (I gather?)

Talk to me about how you plan to increase the nation's productivity Pork; Rather than about how you plan to increase the nation's taxes ...
Ensuring employee happiness. This is a difficult thing to do due to now our highly casualised workforce.
Probably the best boost to productivity for our nation would be to decrease house prices....
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herbie
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ThePauk
4 Sep 2014, 02:04 PM
This is a difficult thing to do due to now our highly casualised workforce.
It's a painful thing to do. Though not a difficult thing to do - Don't confuse the two.
ThePauk
4 Sep 2014, 02:04 PM
Probably the best boost to productivity for our nation would be to decrease house prices....
While I personally agree that significantly lower accommodation prices (including rents on caravans in caravan parks for the bludgers) would be GREAT, I fail to see how it's possible to equate same to being a boost in national productivity?
Edited by herbie, 4 Sep 2014, 02:17 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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Herbs
Affordable housing means more happy people>increased productivity.
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Blondie girl
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Paul /Pauk ..what are you called !!???

Seems to me we should be REALLY concentrating on the aging population it's an issue thats pertinent in the developed country like Oz.

However housing is expensive but affordable... Hell I need to put that on my siggy !! :oo:

But there's no god I trust to acheive that.
Psst some stats are shifty & I can't alwys trust all of them.

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.
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herbie
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ThePauk
4 Sep 2014, 02:34 PM
Affordable housing means more happy people>increased productivity.
I have no argument (and specifically AGREE) with the thought that more affordable housing is a good thing Pork.

"more happy people" ? - They won't be that if they get to live there within their means as in caravans though I'd reckon. (As in it won't make them "more happy")
Still, shit happens, so ...

">increased productivity" ? - Living in caravan parks isn't gunna decrease their productivity, so their living there is all fine by me - though the banks 'n RE industry spruiks 'n Democratic gov types all reckon it's a bit crook too ... :)

Cast ya dice Pork - If you're a basically Socialist Nation, you're a basically Fucked Nation, 'n I don't personally want to know about you and your basically fucked nation ...

I await to hear the news reports - Stuff like :"Fundamentally Socialist Nation delivers long term ongoing wealth, income and economic prosperity and stability to its minions" ... Which is just fucking crap isn't it Pork! ... With both you AND me knowing it pretty obviously.
Edited by herbie, 4 Sep 2014, 04:42 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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Herbs
Are you smoking your name?
Why are you talking about people in caravans? Really, the % is so low it is not worth the conversation.

Sorry Herbs, the world is not back and White and is mostly 99% grey, so once again assuming I am pure socialist is madness.
We live in a mix of socialism and capitalism and that is just the way it is.

Now, pass the pipe around please.
Blondie girl
4 Sep 2014, 03:03 PM
Paul /Pauk ..what are you called !!???

Seems to me we should be REALLY concentrating on the aging population it's an issue thats pertinent in the developed country like Oz.

However housing is expensive but affordable... Hell I need to put that on my siggy !! :oo:

But there's no god I trust to acheive that.
Psst some stats are shifty & I can't alwys trust all of them.

Blondie
Look out, if you raise the Ageing issues here, you will accused here of being a 'granny basher' and an ageist.

I agree some stats are shitty, like the bs stats that shoddy roles out about housing being as affordable now as 2003, regardless of any demographic or workforce issues, like the rise in our casualisation of our workforce.

Ps, I am Paul.
Edited by ThePauk, 4 Sep 2014, 04:47 PM.
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herbie
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ThePauk
4 Sep 2014, 04:43 PM
Herbs - Are you smoking your name?
Go smoke pork yourself Pork (in the absence of attempting to give any sensible attempts at answers to my questions) ... :)

PS: FUCK Socialism! ... :)
Edited by herbie, 4 Sep 2014, 04:53 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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