Ah, tha good ole days ... Mumps 'n measles 'n chicken pox; Plus school sores 'n nits for tha somewhat less advantaged; 'N Vegemite sangers for lunch for us more advantaged - 'N a free third of a pint of warm milk every day for all (providin' some bigger cnt didn't scoff yours 'n a few other little dudes') - Ta make sure we didn't get rickets or wotevever.
Still, ya gotta admit pissin' them maggots back down inta tha slops that woz attemptin' ta crawl up tha walls of those freshly tarred crapper cans woz fun tho eh Rufus? ...
'N DAMN we had sum great times in tha playgrounds in tha school lunch breaks - None a this shit about Oh dear, poor little herbie just could be a useless f*** 'n hurt himself if we don't prevent him - More like, hey boss I reckon me arm's broke - Wif boss goin': Get back ta class ya malingerin' little f*** - 'N me goin' sod this 'n hoppin' on me bike 'n callin' in at tha family GP's on tha way home ta get a cast whacked on me arm 'cause it woz broke - LOL
With a single income, a man can feed his family while his home care taking woman would have the modern conveniences to maintain the family home like running water (1890's), vacuum cleaner and washing machine (1910's), refrigerator (1920's). Food was better as it was cooked by mummy who had all the hours in the day to prepare a decent meal.
In the modern era, both mummy and daddy have to slave away at their jobs to pay the rent or mortgage and pay for expensive daycare, where little Billy and Chloe can pick up all sorts of communicable diseases. No time to cook a decent meal. Thank god microwave was invented in the 1970s so little Billy and Chloe can eat their TV dinner.
For stressed out woman who prefer to cook meat and veggies for their little ones, a little bit of Xanax can ease the pain of spending 10 stressful hours in the office, 1 hour on the road moving to and fro home and work, another hour to pick up the kids from school and daycare, and 3 hours to please the husband's sexual needs and the little kids playtime and the home duties.
Quote:
Families had it good in the 1900's.
List some specific, measurables.
Was it the widespread availability of birth control? The widespread use of cheap and effective medicine? The lower rates of morbidity and mortality? Aged care pension and other welfare?
What was it exactly that made the early 1900's so good?
Quote:
vacuum cleaner and washing machine (1910's), refrigerator (1920's).
Neither of these were even vaguely affordable until the 50's. Never mind mummy had all the hours in the day to beat the washing against a rock in the river.
Anyway, can't chat. I'm off to McDonalds on my magic carpet to pick up dinner, I'll collect the kids from childcare on the way. During my trip my bitch can Dyson the rug and do the washing in our twin tub.
You do not my friend, you just get to hold it for a while, and if your are instructed to return it you will.
So boss how is your day???
There's a subtle difference with bank created money and government/central bank notes.
Bank money can be disappear quickly in the event of a bank run. Government notes have to go through a long winded parliamentary process to remove from the system, giving you plenty of time to swap it with other forms of money or assets.
ATMs can be reprogrammed to limit your withdrawal in a panic as in Cyprus and Greece. Can't do that with cash.
Negative rates can quickly be implemented with your digital money. Not so with paper money.
Bullshit. Edwardian era Australia was just as good if not way better than the modern era. You're the one with the wrong notions.
Imagine the pure outrage if millennials had to walk outside to take a shit into a hole in the ground? Or that meat wasn't always on the dinner menu?
createdby
17 Nov 2016, 10:00 PM
Families had it good in the 1900's.
With a single income, a man can feed his family while his home care taking woman would have the modern conveniences to maintain the family home like running water (1890's), vacuum cleaner and washing machine (1910's), refrigerator (1920's). Food was better as it was cooked by mummy who had all the hours in the day to prepare a decent meal.
In the modern era, both mummy and daddy have to slave away at their jobs to pay the rent or mortgage and pay for expensive daycare, where little Billy and Chloe can pick up all sorts of communicable diseases. No time to cook a decent meal. Thank god microwave was invented in the 1970s so little Billy and Chloe can eat their TV dinner.
For stressed out woman who prefer to cook meat and veggies for their little ones, a little bit of Xanax can ease the pain of spending 10 stressful hours in the office, 1 hour on the road moving to and fro home and work, another hour to pick up the kids from school and daycare, and 3 hours to please the husband's sexual needs and the little kids playtime and the home duties.
You are so clueless it's hard to know where to start.
Even Victorian era loos and bathrooms have the modern amenities such as indoor plumbing and flush toilets.
I'm sorry to burst your bubble Trollie. The world hasn't progressed significantly in the last 100 years and in some cases, regressed.
When you can dig real money out of the ground like candy during the Australian gold rush, things are bound to improve by leaps and bounds. Can't you see the cause and effect?
Even Victorian era loos and bathrooms have the modern amenities such as indoor plumbing and flush toilets.
I'm sorry to burst your bubble Trollie. The world hasn't progressed significantly in the last 100 years and in some cases, regressed.
When you can dig real money out of the ground like candy during the Australian gold rush, things are bound to improve by leaps and bounds. Can't you see the cause and effect?
"In 1965, 45 per cent of Australians lived in homes which were not connected to a sewerage systems"
That's 1965 mate. That's almost 2 generations from Edwardian Era. Things have regressed with increase in population and influx of multicultural immigration in the western suburbs and their third world habits they brought with them not to mention the negative economic effects of not readapting the gold standard decades prior.
That's 1965 mate. That's almost 2 generations from Edwardian Era. Things have regressed with increase in population and influx of multicultural immigration in the western suburbs and their third world habits they brought with them not to mention the negative economic effects of not readapting the gold standard decades prior.
Yes 2 generations and 45% of people still didn't have a flushing toilet. It was much worse 40 years earlier.
The Turnbull government expects to find billions for budget repair through a cash economy taskforce that will consider the future of the $100 note and a ban on cash payments over a certain limit.
The black economy – sometimes called the cash or hidden economy – accounts for 1.5 per cent of GDP, or $21 billion, which is money that goes untaxed and therefore represents major revenue leakage.
The taskforce, to be announced as part of Monday's mid-year economic update, will target a wide range of activities, from undeclared "sharing economy" income to cash-in-hand renovations, welfare fraud and serious financial crime.
"Nothing makes Australians angrier than having to pay more tax as a result of someone not paying the tax they're meant to pay," Revenue and Financial Services Minister Kelly O'Dwyer said.
The taskforce, to be headed by former KPMG global chairman Michael Andrew, would complete the Coalition's work on improving the integrity of the tax system.
"We are talking about very significant revenue. I won't put a specific number on it...but even if you got a reasonable percentage of that we are talking billions of dollars."
Ms O'Dwyer said the taskforce, to be headed by former KPMG global chairman Michael Andrew, would complete the Coalition's work on improving the integrity of the tax system.
Earlier initiatives included the Multinational Anti-Avoidance Law, Diverted Profits Tax and Tax Avoidance Taskforce announced in the 2016 budget. With an expectation that it will collect nearly $4 billion over four years, the Tax Avoidance Taskforce was the heavy lifter in this year's budget. Mr Andrew's recommendations on the black economy will be fed into the 2017 budget process.
Poacher turned gamekeeper
"He's a bit of a poacher turned gamekeeper. He knows how these systems operate," Ms O'Dwyer said.
Ms O'Dwyer said the taskforce would draw on the experience of countries such as France, where the government is banning cash payments of over 1000 euros, and Sweden, where businesses that trade in cash are required to use a certified cash register that provides real-time information to the Swedish tax authorities.
HSBC and UBS have suggested removing high-denomination bank notes from circulation to reduce financial crime and improve productivity.
After India scrapped the 500 and 1000-rupee bank notes and issued new currency to crack down on the un-taxed cash economy, HSBC Australia head of payments and cash management Simon Babbage last month told The Australian Financial Review the bank would support a similar move to improve transparency in the Australian economy.
Ms O'Dwyer said money laundering, financial crime and the financing of terrorism would be front of mind for the taskforce.
"We've got three times as many $100 notes in circulation as $5 notes and we've got about $30 billion worth of $100 notes in circulation at a time when increasingly we have people more and more using electronic payment systems," she said.
"It does beg the question 'why' and that's something the black economy taskforce will focus on.
"The truth is the movement of money is a significant issue. It's much easier to take a suitcase full of $100 bills than a suitcase full of $20 bills overseas."
Looking overseas
The Board of Taxation, which provides industry advice to the Treasurer and is chaired by Mr Andrew, has been looking at overseas examples.
Board of Tax chief executive Karen Payne, a former Minter Ellison partner, said one solution might be reporting of any cash transaction above a threshhold – currently cash transactions over $10,000 are reported but only by cash dealers and financial institutions – or a complete ban on cash transactions above a limit.
The taskforce would have the full cooperation of the Australian Federal Police, Reserve Bank of Australia, Department of Human Services, Austrac, the Department of Immigration and financial regulators, Ms O'Dwyer said.
The taskforce will provide an interim report in March and a final report in October.
Ms O'Dwyer said some welfare claimants used cash to cheat the system.
"There are certainly instances where people wil have been made cash payments that they are not declaring," she said.
"At the same time they will also be drawing down on our welfare system. That's not right because, one, they are making claims through our welfare system that they are not entitled to make and two they are not paying tax on the amount of money that they earn. The honest Australian citizen is being dudded in that instance."
Calls for cash amnesty
Chartered Accountants Australia and New Zealand has previously called on the government launch an amnesty on the cash economy, including landlords who fail to disclose rental income, which could boost revenue by more than $3.5 billion a year.
Landlords could be followed by industries notorious for cash-in-hand work, such as building and motor vehicle repairs.
While the use of cash is actually in decline, according to an Australian National Audit Office report released earlier this year, people find other ways to engage in the shadow economy.
"There is evidence that businesses are using sales suppression software to manipulate records created by electronic cash registers or computerised point of sale systems to avoid their taxation obligations," the report said.
HSBC's Babbage says that ultimately cash is expensive and inefficient and people will "vote with their feet".
"[People] are taking less cash out of ATMs, we've seen an increase in the use of Apple Pay, we've seen an increase in the use of card-based transactions," he said. "The more mechanisms we give them to pay using non-cash, the more they tend to use them.
"If you look through the cycle, cash will continue to diminish, and if abolishing particular denominations helps us down that road, I think there are only upsides."
THE Reserve Bank has defended the embattled $100 note, saying removing the bill from circulation would do little to stamp out crime — because criminals prefer $50s.
Earlier this week, the government flagged a review of the $100 note and cash payments over a certain value in Monday’s midyear budget update, as it seeks to recoup billions in unpaid tax lost to the cash economy.
Revenue and Financial Services Minister Kelly O’Dwyer questioned why there were so many $100 notes in circulation, and would not rule out a removal of Australia’s highest-denomination banknote.
“The whole point of this crackdown on the black economy is to make sure we close down any potential loopholes,” Ms O’Dwyer said.
But the RBA has backed the $100 bill, pointing out that it was “not possible to estimate the extent to which cash, or any particular banknote denomination, is used in illegal activities”.
“However, liaison with AUSTRAC (Australian Transaction Reports and Analysis Centre) and the Australian Crime Commission suggests that it is the $50 denomination — rather than the $100 — that tends to be preferred by criminal elements because of its ubiquitous use in legitimate transactions,” the RBA wrote.
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