BF2S Forums Australian politics thread.

Does Gillard get paid more as PM or as a backbencher?

Ty wrote:

PM obviously, what's your point?

does he have any?

lol

Dilbert_X wrote:

I'm just speculating on why she's clinging on to power, its not as if she's achieving anything.

Just in the past week Gillard has brokered a deal to make the Australian Dollar just the third currency, (after the Yen and the US Dollar,) to be traded with the Chinese. While it's not exactly obvious what the implications of this are it is most definitely an achievement. That aside you have:

- The Mining Tax, (which famously ended Rudd's leadership.)
- The Carbon Tax,
- The NBN,
- A continually growing Aus economy despite ongoing global financial turmoil.
- Low unemployment, low inflation, low interest.
- Health reform,
- Educational reform,
- Australia's new seat on the UN Security Council,
- NDIS, (currently being wroked on.)
- Gonski review reforms, (currently being worked on.)

Among many other things that aren't as drastic but are still important in the role of Government, (infrastructure etc.) All this achieved as the nation's first female Prime Minister in a hung Parliament.

Read that article I posted before. You may not agree with it but it will give you a broader outlook.

Jay wrote:

And a brand new 15% tax on funds drawn from your retirement account. That's a lot of taxes.

That's if your super fund is pulling a 100k a year in PROFIT. 15% per dollar OVER 100k is nothing. OH LORD IM PAYING 15 CENTS EXTRA FOR MAKING 100,001 DOLLARS!

Ty, on interest rates and what not it's mostly got to do with mining boom and RBA setting the interest rates... low rates don't necessarily mean a good thing, it's just a temporary boost in spending that's all.

Jay wrote:

And a brand new 15% tax on funds drawn from your retirement account. That's a lot of taxes.

Which affects about 16,000 Australians.

The conservative party wants to remove the $500 bonus it gives to low income earners for adding extra from their own pocket to their super. This will affect 3,000,000 Australians.

Last edited by Jaekus (2013-04-08 14:31:05)

Cybargs wrote:

Jay wrote:

And a brand new 15% tax on funds drawn from your retirement account. That's a lot of taxes.

That's if your super fund is pulling a 100k a year in PROFIT. 15% per dollar OVER 100k is nothing. OH LORD IM PAYING 15 CENTS EXTRA FOR MAKING 100,001 DOLLARS!

Ty, on interest rates and what not it's mostly got to do with mining boom and RBA setting the interest rates... low rates don't necessarily mean a good thing, it's just a temporary boost in spending that's all.

100k a year is a lot when you retire? Are you a mong? Aren't you a finance major? You have 30+ years to contribute to the fund, and you pay taxes on the money you contribute. Just a single years contribution of 25k at 5% annual would return you 108048.55 at the end of 30 years. I'm just glad our fucked up social security benefits aren't taxable.

It's ok to steal money though, as long as it's the 'rich'. Fuck the 'rich'.

Jaekus wrote:

Jay wrote:

And a brand new 15% tax on funds drawn from your retirement account. That's a lot of taxes.

Which affects about 16,000 Australians.

The conservative party wants to remove the $500 bonus it gives to low income earners for adding extra from their own pocket to their super. This will affect 3,000,000 Australians.

So it's ok to steal from a minority as long as the majority benefits? You just summed up the most horrifying aspect of democracy in three little sentences.

http://en.m.wikipedia.org/wiki/Tyranny_ … #section_5

I wouldn't want to live there.

Enjoy paying US income tax wherever you go

$91,500, was just reading the expat wiki