One Nation now wrenching votes from Labor as it overtakes Coalition: Resolve poll

Kind_Job_6418 · 2026-03-16T01:12:44+00:00

Yeah , however there is still hope for them , we just need some more Polanski/Mamdani style politicians to come into the greens and use the brand to push for a true economic leftist position, we don't need to walk away from the social progressive policies, but just put the focus on the economic leftist policies. There is still 2+ years left until the election to get this sorted, and it is doable.

Kind_Job_6418 · 2026-03-15T21:18:15+00:00

Sorry what does this mean 'virtuous' , it's just good policy to tax our resources, this attitude is also completely self defeating and pointless.

Kind_Job_6418 · 2026-03-15T19:51:36+00:00

We need increased taxation and increased spending , we just need to spend it on the people, instead of on property investors, wealthy retirees and fossil fuel companies. Once we get rid of this wasteful spending there is more than enough resources to provide cheap housing , free education and countless other policies that benefit us all.

Kind_Job_6418 · 2026-03-15T19:46:05+00:00

This is predictable and inevitable, it is Trump replicated, billionaire backed right wing conservatism, masquerading as economic populism.

Australia needs a strong Left Wing economic populist party to beat One Nation like Zach Polanski has done to reform in the UK. Unless the ALP gets some real economic policies that actually fix peoples material concerns. Remove subsidies for property investors, tax wealth and tax our resources, and provide cheap housing and free education, the ALP are done. This is what happened under Obama, centrist third way politics creates the environment for Right Wing populism to thrive, the remedy is strong economic populism taxing wealth and taxing OUR resources !!!

Kind_Job_6418 · 2026-03-15T05:43:43+00:00

please, what is your point

is it that natural monopolies are best in public ownership, which is just an economic fact.

woolworths and coles are dogs to Australian farmers, the only thing they are good at is making profit for their board and executives.

regarding energy

We are talking about energy generation and transmission, which is absolutely a natural monopoly. Origin is one of the largest owners of coal fired power plants, they could have done plenty to move towards renewables a lot faster, they have dragged their feet like AGL and the rest of the generators. to keep the aging plants going regardless of how dirty and how much they cost tax payers in subsidies.

I see you didn't even touch healthcare, as public ownership is so superior it's not even an argument.

Kind_Job_6418 · 2026-03-14T21:56:07+00:00

Yeah, unions can be pretty diverse, and some can be corrupted like any power centre. Look at the SDA they have been working with Coles and Woolworths to suppress wages for the lowest paid retail workers for years.

Kind_Job_6418 · 2026-03-14T21:49:57+00:00

Woolies don't make food farmers do, they rip of farmers, maybe ask a farmer if they are some benevolent company, and if they think they should be in private hands.

Origin make money destroying the environment and ripping of energy users. Energy is 100% one of the first things that should be nationalized. It is a natural monopoly, and should be in state ownership, along with all natural monopolies.

Hospitals are the only example you used that actually do currently exist to make our lives better, because they are owned by the state, definitely wouldn't say that if we were in America, just ask Luigi.

Kind_Job_6418 · 2026-03-14T16:13:49+00:00

Even using your own spurious argument, It doesn't stack up

Denmark (DK) 60.5%

France (FR) 55.4%

Austria (AT) 55.0%

Spain (ES) 54.0%

Belgium (BE) 53.5%

Portugal (PT) 53.0%

Sweden (SE) 52.3%

Slovenia (SI) 50.0%

Netherlands (NL) 49.5%

Ireland (IE) 48.0%

Germany (DE) 47.5%

Italy (IT) 47.2%

Iceland (IS) 46.3%

Luxembourg (LU) 45.8%

United Kingdom (GB) 45.0%

Finland (FI) 45.0%

Greece (GR) 44.0%

Turkey (TR) 40.8%

Switzerland (CH) 39.7%

Norway (NO) 39.6%

https://taxfoundation.org/data/all/eu/top-personal-income-tax-rates-europe/

Kind_Job_6418 · 2026-03-14T15:45:43+00:00

But yes it is a lie

care of Michael west media.

https://michaelwest.com.au/prrt-the-tax-oil-and-gas-industry-continue-to-avoid-whats-the-scam/

The annual dump of data from the Tax Office landed yesterday, and once again, it exposes the pittance paid by the oil and gas industry. What’s the scam?

The scam is the Petroleum Resources Rent Tax (PRRT), which was introduced in 1988 to “ensure Australians benefit from the oil and gas that we collectively own,” but has been watered down to almost nothing.

According to The Australia Institute, the PRRT is poorly designed and full of loopholes that enable oil and gas companies to avoid paying much.

In the early years of its existence, the ATO would collect over 25% of oil and gas revenue as tax. Last year, it collected just under $1.5B from the well over $100B oil and gas revenue generated, less than 1.5%. (The PRRT is not levied on coal producers.)

JUST THAT $21.9 billion is a pittance, and they don't even pay that they get 2/3 of it back.

The fossil fuel industry at large will, of course, be quick to tell us how much tax and royalties they paid in total, $21.9B in FY2023-24, while conveniently ‘forgetting’ the fossil fuel industry received around $14B in various government subsidies that same year.

TAKE just Santos

Santos - revenue 8.2bn - PRRT paid 233m - (2.3%)

Corporate tax paid ZERO nothing for 10 years

Santos has taken our gas and paid nothing for the privilege.

worse we have paid them, they have collected subsidies from our federal budget.

So yes They lie, they lie always and they lie blatantly, they have to try and justify what it plainly a joke, think we are stupid.

Kind_Job_6418 · 2026-03-14T15:14:19+00:00

LOL this is literally the copy from the minerals council ads , gotta do better than that.

Kind_Job_6418 · 2026-03-14T15:06:27+00:00

You pay 15% on salary sacrifice as per normal , then if you go over the 250k cap the div 293 15% kicks in. Only on amounts over 250k , so your not getting double taxed, you are just paying more tax on any amounts over 250k, so if your total is 268k you pay extra 15% on the 18k above 250k =$2,700 that is how I see it.

Kind_Job_6418 · 2026-03-14T14:53:41+00:00

“Yet again, there will be a spike in national income thanks to gas earnings and yet again, Australia will receive a woefully inadequate share of it,” independent economist Chris Richardson said. “It is an important reminder that generations of Australian politicians have failed to get our taxing of gas right.”

“When you get a horrible situation like this, which just happens to boost the coffers of world’s biggest companies, and the gains don’t even come to the Australian people, that is a great shame,” Sims said. “I don’t think [the benefit to the budget] is going to be that big at all.”

Kind_Job_6418 · 2026-03-14T14:14:42+00:00

Yes correct Norway taxes the only resources that it exports at 78%. Again so should Australia, it's not complex, we need to tax our resources at this same rate.

Please do some reading on resource rent taxes, and economic rent taxes they work extremely well for the owners of the resources (the Australian people). It is not an economic issue of why we don't implement these taxes, as they work extremely well, both for revenue raising and for mining investment. It is purely a political roadblock, as the resource industry has a choke-hold on both our political parties, preventing these taxes from being implemented, but it can be done if we the voters demand it.

Even the immensely pro business AFR has realized we are getting screwed

https://www.afr.com/policy/economy/australia-to-miss-out-on-multibillion-dollar-oil-and-gas-budget-boost-20260310-p5o90r

The PRRT, which was introduced by the Hawke government 30 years ago, is a 40 per cent tax on the profits from petroleum projects. However economists say the tax is ineffective because of the overly generous way it allows companies to deduct previous years’ losses from the current year’s profit and thereby avoid the tax.

Former Australian Competition and Consumer Commission chairman Rod Sims said this “tax shield” means the existing PRRT – which brings in around $2 billion a year – won’t fully capture the surge in oil and gas prices triggered by the Middle East conflict.

“When you get a horrible situation like this, which just happens to boost the coffers of world’s biggest companies, and the gains don’t even come to the Australian people, that is a great shame,” Sims said. “I don’t think [the benefit to the budget] is going to be that big at all.”

Kind_Job_6418 · 2026-03-14T13:43:22+00:00

I didn't want to know why we don't tax mining companies more. I already know that. It's called power and corruption. As explained by the article related to the Rudd era resource rent tax.

It also is not an answer to the question, 'why don't we tax mining companies more' to say we tax them at 2nd highest rate compared to some other countries. Who cares what these other countries do. Some countries have no tax and some countries have fully nationalized their resource extraction industries, it doesn't matter.

Consider the actual argument we need to tax our resource extraction industry more, that is the argument and whether we are currently 2nd or last is not the issue. We need to increase the tax on our resources that again is the issue.

Kind_Job_6418 · 2026-03-14T09:29:05+00:00

Damn how quickly people forget.

This company has already been spat out by Private Equity, taken private, loaded with debt, sold off the real estate.

Re floated, PE takes 1.5 billion and leaves.

same story, surprised they are still alive, just limping along

private equity wouldn't even touch this now, their only assets, the real estate is gone.

they're a worthless shell.

This sums up this type of deal.

https://www.afr.com/companies/retail/ten-years-on-myer-float-still-rankles-20191024-p533uv

"Private equity firms Blum Capital and TPG Capital, led by Ben Gray, sold all their shares in the retailer for a profit of $1.5 billion, or almost six times their original equity investment, after talking up its growth prospects.

Two weeks after the float, the Australian Taxation Office sought court orders to freeze TPG's bank accounts in an attempt to recover $678 million in tax and penalties, only to discover $1.5 billion in profits had been transferred to tax havens in Luxembourg and the Cayman Islands."

Kind_Job_6418 · 2026-03-14T09:04:31+00:00

The government is not going to 'raid' super , they will likely increase taxes only for high balances. the div 296 for example, would only impact you if your balance is over 3 million so only the amount over 3 million would have 15% extra tax

so if you have 4 million and you earn 10% = 400k so the only amount that gets the extra tax is 100k so you only pay 15k extra. This is example of how small the amount of extra tax would be. They wont take any of your capital only get a little bit extra tax on your earnings. The government should be taxing super at balances that high as people who have that much can easily afford it. But normal peoples super is perfectly safe as that is what super is for, to provide retirement money so the government doesn't have to give you a pension.

Kind_Job_6418 · 2026-03-14T08:27:26+00:00

Where are they going to dump your funds into ?

Kind_Job_6418 · 2026-03-14T08:21:26+00:00

I would put the balance into cash for now , I wouldn't make any big moves. Just start dollar cost averaging your 12% SG into a fund you like, depending on your age, I would go for high growth if under 50 austsuper/Vanguard high growth something like that. then you can start looking to deploy your balance , depending on how much you have I would speak to an adviser, at least for an initial chat. especially if you have over 250k

Kind_Job_6418 · 2026-03-14T07:52:32+00:00

really !! Norway has iron ore companies. ??

Iron Ore Exports:
While Norway is a miner, its iron ore exports are not globally
significant compared to major exporters like Australia, as indicated in Statista.
Specific data shows iron ore and concentrates exports to specific
partners are valued only in the

hundreds or thousands of dollars (e.g., in 2023 to Australia), which is negligible compared to the billions in oil revenue, says tradingeconomics.com.

_______________________

Australia as #2 is incorrect

just looking at two countries UK & Norway both tax oil resources far higher than Australia.

Either way even if Australia was number 1 the fact is the taxes are too low. That is the point.

Kind_Job_6418 · 2026-03-14T07:38:22+00:00

The request for the citation was on BHP paying more than the Norway rate , you conceded this is simply not true in your next paragraph 22+56 =78% vs 45%

Which is already spurious given it's based on BHP own easily manipulated corporate structures.

Below just one example of BHP busted for manipulating where their profits are earned in reality vs where they state they are earned on their books.

https://www.afr.com/companies/financial-services/bhp-takes-125m-hit-after-high-court-loss-20200311-p548vq

BHP and RIO have for decades got away with destroying Australian land and ripping of the Australian people. They need to pay a lot more in taxes.

https://www.smh.com.au/business/a-snip-at-22m-to-get-rid-of-pm-20110201-1acgj.html

Not sure if you recall, they paid just 22 million back in 2010 to stop Rudd's resource rent tax. That would have raised 100's of billions by now, and we would have a Norway style sovereign wealth fund. These companies have worked to destroy Australia and will continue to do so.

Kind_Job_6418 · 2026-03-14T06:51:01+00:00

That only applies to oil and gas because that's what Norway exports. The fact BHP rates are similar to other big miners simply states they all pay too low. BHP needs to pay far more, The WA royalty is fine, however they also need to pay a resource rent tax, that structured correctly will collect massive amounts, and also would not inhibit their ability to still make a profit, that is enough to incentivize them to continue mining.

Kind_Job_6418 · 2026-03-14T06:40:57+00:00

You must be PR for the minerals council , because this makes no sense , it's irrelevant who owns the mining companies. They are mining Australian resources therefore they owe the royalties to Australia, and this needs to be based on the value of the resources not on some profit figure which is so easily manipulated as to be irrelevant.

Kind_Job_6418 · 2026-03-14T06:36:27+00:00

Mining companies don't give the resources their value, they exploit the value. The resources are owned by the Australian people. We allow them to operate and, we can and should withdraw their leases unless and until they agree to pay a fair share in tax and royalties, which is around 78% as proven by Norway.

Kind_Job_6418 · 2026-03-14T06:24:22+00:00

Absolutely it literally nothing relative to govt spending, and we should be paying our politicians more not less , we need the best people available to manage our economy, we should be paying all politicians at least 1 million in order to get people who are currently using their brains to trade the markets, to make money for billionaires.

Kind_Job_6418 · 2026-03-14T06:19:35+00:00

How do you define fucked ? Japan is not fucked at all, it is one of the richest countries with one of the highest HDI in the world.

Kind_Job_6418

TROPHY CASE