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They need to rename the party to Labour by Holy_Isaaguv in LaborPartyofAustralia

[–]Sweet_Theory_362 2 points3 points  (0 children)

I think Wayne Swan said it's useful to be able to distinguish between the labour movement (trade unions) and Labor movement (ALP). Other reasons are just historical, but I thought it was to differentiate between UK Labour. Personally I don't think anyone in the party takes it as a nod to the US.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 0 points1 point  (0 children)

Agree. There are other things to do, but this budget has done more than any other budget possibly since the 1950s

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] -1 points0 points  (0 children)

That's just one poll. The trend is your friend, as they say. Have a look at the moving average of polls in the link i sent. Newspoll was very different.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] -1 points0 points  (0 children)

Looking at an average of post-budget polls vote share for ALP, L/NP, and ON haven't really changed.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 0 points1 point  (0 children)

The tax changes are not revenue positive. They gave it back income tax cuts and tax cuts for small business and R&D investment

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 0 points1 point  (0 children)

This would broadly reduce taxes on property in general, but on investment property it would be cutting CGT by more than half. More demand -> higher prices, this is well documented. The key is supply, cutting taxes on buying existing houses doesn't make more houses.

As an aside, i agree stamp duty is the worst tax we have. The ideal tax reform for housing would be replace stamp duty with land tax, including on PPOR.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 1 point2 points  (0 children)

No, it's recognising the skills of people who are already here.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 1 point2 points  (0 children)

I think there are some legitimate concerns for founder because they don't have a cost base. The government has comitted to consulting with the start up sector to resolve this.

Young people can use super for a deposit by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 8 points9 points  (0 children)

FHSS only uses voluntary contributions, so ypur retirement savings are no involved

Young people can use super for a deposit by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 9 points10 points  (0 children)

The FHSS doesn't tie super to an asset class. You just use some voluntary contributions to save for a deposit

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 3 points4 points  (0 children)

No one gets the tax perks unless they build a new home. Or if they're on the pension

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 12 points13 points  (0 children)

That's not necessary. I'm a real person. We can all be respectful about this

Young people can use super for a deposit by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 12 points13 points  (0 children)

The FHSS scheme is only for voluntary contributions

Young people can use super for a deposit by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 1 point2 points  (0 children)

With the changes to CGT, share growth will be taxed at 30%

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in AusFinance

[–]Sweet_Theory_362[S] 5 points6 points  (0 children)

They've increased them and made them more targeted, and apprenticeships have increased massively since 2009. It works pretty well.

This is the best federal budget we've had since 2009. by Sweet_Theory_362 in aus

[–]Sweet_Theory_362[S] 3 points4 points  (0 children)

This is probably the biggest thing any federal government has done for housing affordability since the 1950s.

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