It's discriminatory to not provide special privilege to those who have always enjoyed it, didn't you know that Adams?
[Blinking eyes thing]
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Discriminating against the majority is the worst sort of discrimination
almost literally paraphrased - if that's a thing. Ty, find the real quote go
almost literally paraphrased - if that's a thing. Ty, find the real quote go
Its discrimination to not give special treatment to people who have decided they deserve it.
Fuck Israel
Australian's moaning about immigrants...
naw just poor refos m8. we love them rich chinese. pop 5 mil into australia and you get a pathway to permanent residency!coke wrote:
Australian's moaning about immigrants...
That's how you did it, don't lie.Cybargs wrote:
naw just poor refos m8. we love them rich chinese. pop 5 mil into australia and you get a pathway to permanent residency!coke wrote:
Australian's moaning about immigrants...
Fuck Israel
We have lots what are you talking aboutcoke wrote:
Australian's moaning about immigrants...
We have lots what are you talking aboutcoke wrote:
Australian's moaning about immigrants...
and i get centrelink too!Dilbert_X wrote:
That's how you did it, don't lie.Cybargs wrote:
naw just poor refos m8. we love them rich chinese. pop 5 mil into australia and you get a pathway to permanent residency!coke wrote:
Australian's moaning about immigrants...
http://www.afr.com/p/business/marketing … CV1fQ5UJvJNews Corp’s $882m blew the budget
KEY POINTS
The Australian’s editorial called the deficit a devastating picture of Labor’s spending profligacy.
But the largest factor looks like the News Corp payout.
The single largest factor in the underlying deterioration of the federal budget announced by Treasurer Joe Hockey in December was a cash payout of almost $900 million to Rupert Murdoch’s News Corporation.
The massive windfall, revealed in the US group’s accounts a week ago in New York, was at a time when News Corp newspapers were highly critical of the budget and called for deep cuts.
The drama over the payout, one of the largest cash payments made by the Tax Office, played out behind the scenes during the federal election.
On July 25 the Federal Court of Appeal ruled against the Tax Office to allow News Corp to claim a $2 billion deduction from a series of paper shuffles between subsidiaries.
At the time, The Australian Financial Review speculated the win would be worth up to $600 million in future tax benefits, but interest charges had pushed the payout far higher.
The Tax Office was deciding whether to appeal against the judgment as News Corp newspapers launched a ferocious attack on the government, kicking off with the Daily Telegraph’s headline on August 5, 11 days after the court judgment: “Kick this mob out.” In the following days, Labor leader Kevin Rudd would claim that News Corp was running a virulent anti-government campaign in exchange for concessions from the Coalition.
The Tax Office had 28 days to lodge an appeal, a deadline of August 22.
News Corp later reported that the ATO had advised it would not appeal the case. An ATO spokeswoman said all decisions on whether to appeal a court decision are made by senior officers after seeking external legal opinion.
News Corp’s half-year accounts say “a foreign tax authority” paid $A882 million, in instalments. This included the original tax plus several hundred million dollars of interest.
From the moment the decision was made in late August not to appeal, the payout was an outgoing that had to be applied to the federal budget.
In the December mid-year update, Mr Hockey revealed a major blowout in the 2014 deficit since Labor’s statement on August 1 that underlined the need for major spending cuts.
CASH PAYOUT
Discounting new spending announced by the new government, Mr Hockey reported the underlying deficit had jumped $6 billion in the four months. The Australian’s editorial called the update “a devastating picture of Labor’s spending profligacy” and called for urgent action to rein in “wasteful spending”.
But the largest single factor producing the blowout appears to have been the cash payout to News Corp.
Mr Hockey and News Corp declined to comment.
The galling feature for the Tax Office is that the original deals that cost taxpayers $882 million cost News nothing.
In a 1989 meeting, four News Corp Australia executives exchanged cheques and share transfers between local and overseas subsidiaries that moved through several currencies.
They were paper transactions; no funds actually moved. In 2000 and 2001 the loans were unwound. With the Australian dollar riding high, News Corp’s Australian subsidiaries recorded a $2 billion loss, while other subsidiaries in tax havens recorded a $2 billion gain.
By last July that paper “loss”, booked against News Corp’s Australian newspaper operations, had become an $882 million cash payout.
Under a legal arrangement when the company was spun off last June, News was forced to pass all of the tax payout to Mr Murdoch’s 21st Century Fox.
News Corp said it had retained $A81 million because it faced income tax charges on the interest payments by the Tax Office. However it seems unlikely to actually pay these funds: News Corp Australia carried another $1.5 billion in tax deductions from a separate paper shuffle that it made when News reincorporated in the US.
ATO fucked up.
Not only that. Murdoch is to blame (at least in part) for the deficit yet goes on its political agenda of blaming Labor. No matter the side of politics anyone follows people should be concerned that this money could've been used to help Holden, SPC, Gonski, Ford, etc. Instead it's been maneuvered out of the country by someone who revoked his own citizenship yet uses his 70% control of print media to influence elections. Murdoch should've gone to prison a long time ago.
naw fuck the car companies. they were gonna pull out anyway. if its one company then sure, but if its all of the manufacturing jobs then there's a huge reason. shit even high income countries like germany and japan can still make cars. there's a reason why we can't do it in aussie. we just don't have the labour or market size to be a car manufacturer.
edit: jaekus the only reason he renounced citizenship is because he had to in order to gain US citizenship, as before 2002 an aussie citizen must renounce if they acquire a citizenship of another country besides through descent or marriage. murdoch probably got his aussie citizenship back after the 2009 law allowing people who were former citizens to reclaim it.
edit: jaekus the only reason he renounced citizenship is because he had to in order to gain US citizenship, as before 2002 an aussie citizen must renounce if they acquire a citizenship of another country besides through descent or marriage. murdoch probably got his aussie citizenship back after the 2009 law allowing people who were former citizens to reclaim it.
Last edited by Cybargs (2014-02-17 03:18:40)
That's really besides the point though. He got his people to shuffle papers around, made it look like he ran a $2bn loss here whilst magically other subsidiaries simultaneously gained $2bn in off-shore tax havens, then claims back $882m from Australian tax payers. Government cries "budget emergency" for the reasons to privatise Medicare, among other assets, whilst they let a billionaire manipulate the system to the detriment of our economy. But of course Murdoch owns Abbott so there's little wonder there's not been any comment from Hockey or the LNP.
Japanese auto-makers are highly roboticized to the point that their labor costs per car are in line with what could be done in a place like China with a more manual line, and they get to keep top-notch quality. Germany is similar but has been exporting many of its manufacturing jobs to the Czech Republic where labor is much cheaper. America can't compete because our autoworker unions are too strong and fight every effort to increase mechanization because it will cost jobs. Quality suffers because of this, there's more labor cost per vehicle, and in the end you end up with a higher costing inferior product.Cybargs wrote:
naw fuck the car companies. they were gonna pull out anyway. if its one company then sure, but if its all of the manufacturing jobs then there's a huge reason. shit even high income countries like germany and japan can still make cars. there's a reason why we can't do it in aussie. we just don't have the labour or market size to be a car manufacturer.
As for Australia, you have a stupid cost of living which means your workers are paid much higher than the rest of the world which in turn means you can't make a penny of profit on anything that is labor intensive like manufacturing. You're like the Scandinavian countries who are dependent on commodity resource extraction and export in order to make money. If you killed your tariffs and stopped subsidizing things like housing your cost of living would plummet and you could actually make stuff. Until then, enjoy living a falsely elevated standard of living on your credit cards.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Yeah our 5% motor vehicle tariff is just too damn high. Yes I know german automakers have been exporting their works to eastern euro, south africa, china and SE Asia. However, theyre still producing millions of vehicles in Germany.Jay wrote:
Japanese auto-makers are highly roboticized to the point that their labor costs per car are in line with what could be done in a place like China with a more manual line, and they get to keep top-notch quality. Germany is similar but has been exporting many of its manufacturing jobs to the Czech Republic where labor is much cheaper. America can't compete because our autoworker unions are too strong and fight every effort to increase mechanization because it will cost jobs. Quality suffers because of this, there's more labor cost per vehicle, and in the end you end up with a higher costing inferior product.Cybargs wrote:
naw fuck the car companies. they were gonna pull out anyway. if its one company then sure, but if its all of the manufacturing jobs then there's a huge reason. shit even high income countries like germany and japan can still make cars. there's a reason why we can't do it in aussie. we just don't have the labour or market size to be a car manufacturer.
As for Australia, you have a stupid cost of living which means your workers are paid much higher than the rest of the world which in turn means you can't make a penny of profit on anything that is labor intensive like manufacturing. You're like the Scandinavian countries who are dependent on commodity resource extraction and export in order to make money. If you killed your tariffs and stopped subsidizing things like housing your cost of living would plummet and you could actually make stuff. Until then, enjoy living a falsely elevated standard of living on your credit cards.
http://www.smh.com.au/federal-politics/ … 32iem.html
We don't subsidize housing jay, what are you on about. The housing market has been fucked by a combination of overseas investors and local property investors. First home buyers are getting priced out of the market whilst people like my aunt own 5+ properties and bought it cheap. You also have to remember 70% of our population live in major cities like Sydney, Melbourne, Brisbane etc. It's not like people can leave for jobs elsewhere, so our housing market becomes extremely concentrated. We don't have the choice in the US where you can practically live where ever you want since you have a lot more populated cities all over the place.
I don't quite know why I'm posting these.
[Blinking eyes thing]
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They are funny don't stop
Funny
You don't know anything about the car industry do you?Jay wrote:
Japanese auto-makers are highly roboticized to the point that their labor costs per car are in line with what could be done in a place like China with a more manual line, and they get to keep top-notch quality. Germany is similar but has been exporting many of its manufacturing jobs to the Czech Republic where labor is much cheaper. America can't compete because our autoworker unions are too strong and fight every effort to increase mechanization because it will cost jobs. Quality suffers because of this, there's more labor cost per vehicle, and in the end you end up with a higher costing inferior product.
Most plants are about equally mechanised, probably not parts suppliers but they are competing on price and don't matter.
Some countries are more productive however eg http://www.forbes.com/sites/frederickal … e-as-much/
Or Australia.As for Australia, you have a stupid cost of living which means your workers are paid much higher than the rest of the world which in turn means you can't make a penny of profit on anything that is labor intensive like manufacturing. You're like the Scandinavian countries who are dependent on commodity resource extraction and export in order to make money. If you killed your tariffs and stopped subsidizing things like housing your cost of living would plummet and you could actually make stuff. Until then, enjoy living a falsely elevated standard of living on your credit cards.
We like our high wages and aren't bothered by our cost of living, relative to our wages its not a worry, we don't all measure our happiness by how much crap we can buy, how's you weather?
Now tell us we live on a "tiny little island" again.
Last edited by Dilbert_X (2014-02-18 00:42:59)
Fuck Israel
I guess Jay's reasoning is all wages should be on par with what China pays its workers. Maybe then the US could bring back much of its own manufacturing industry it has lost to offshore production.
Its a zero-sum game - push down local wages so goods are cheaper and guess what - your wages will follow, your buying power will effectively fall as some prices won't follow wages downwards.
We're enjoying a period of cheap energy and cheap Chinese labour, offset by huge borrowing to fund both (US debt is $17 Trillion - so Jay's jibe about living off credit cards is laughable).
It will balance out in the end, either we'll all end up on Chinese wages pulling 100 hour weeks to pay for our shared dormitory and bowls of rice, or Chinese wages will rise and it will all even out - then the only difference will be productivity, and how much interest we will pay them.
We're enjoying a period of cheap energy and cheap Chinese labour, offset by huge borrowing to fund both (US debt is $17 Trillion - so Jay's jibe about living off credit cards is laughable).
It will balance out in the end, either we'll all end up on Chinese wages pulling 100 hour weeks to pay for our shared dormitory and bowls of rice, or Chinese wages will rise and it will all even out - then the only difference will be productivity, and how much interest we will pay them.
Fuck Israel