The latest monthly ReachTEL automated phone poll of federal voting intention for the Seven Network ticks a point in Labor’s favour, putting their two-party lead bang on BludgerTrack at 53-47. The biggest mover on the primary vote is Palmer United, who have slumped from 5.1% to 3.1%, with Labor up 1.2% to 38.7%, the Coalition up 0.1% to 40.2% and the Greens down 0.4% to 11.1%. Also featured are leadership ratings and attitudinal results on the G20 and, entertainingly, whether Jacqui Lambie should leave the Palmer United Party (43.4% yes, 17.6% no).
ReachTEL: 53-47 to Labor
ReachTEL turns in a result that is nicely in line with the overall trend, and finds Palmer United coming down hard.
An obvious way to increase tax revenue is to crack down on ‘cash only’ businesses. Virtually every restaurant and take away shop in our area is now ‘cash only’. Not only is the GST being lost but income tax as well. Presumably also any employees are cash only and who knows what their rights would be in a workers compo situation.
It is quite ridiculous that people drawing big super incomes are paying nothing in tax. After all, these people may/ may not be drawing the old age pension or part thereof but they are still consuming government services – health, roads, defence, etc. Not to mention also self funded super funds pouring lots of money into the property market driving prices ever higher.
http://kevinbonham.blogspot.com.au/2014/11/comments-on-lambiepup-split.html
Comments on the Lambie/PUP Split
Article released two days ago which has probably prompted more phone calls from the press than any one other piece on my site!
Point me to the $70k tax free/age pension lurks please.
We get less than $70k, no pension benefits at all and pay tax.
http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_SURROGATE_TUNA?SITE=COBOU&SECTION=HOME&TEMPLATE=DEFAULT
Engineering tuna…
http://theconversation.com/brain-food-diets-impacts-on-students-are-too-big-to-ignore-33895
Eating and learning are correlated..
Kevin Bonham
As i mentioned earlier, thanks for posting your interview with ABC radio.
Newman joked about hi rise in Coolum, well the joke is on him. Take your 19 stories and shove it Noddy.
http://www.abc.net.au/news/2014-11-22/protesters-rally-against-high-rise-development-on-qld/5911574
http://theconversation.com/the-rosetta-lander-detects-organic-matter-the-seeds-of-life-34413
Fran Barlow
Posted Saturday, November 22, 2014 at 4:39 pm | Permalink
AA
Plainly, people below the threshhold can be compensated with
A) Income support payments
And/or
B ) Means-tested non-liquid benefits (such as housing
Then we go through the “the wealthy pay the tax while the “poor” just put their hands out for government money”…the “leftie bludgers” as the right wing like to describe them
Fredex
I am no expert but I read a lot and the figures were quoted by financial planner nick bruining in The West Australia earlier this year.
I would imagine the $70k would have to be coming from a superannuation fund which is tax free, not investments outside super such as shares, property and bank deposits.
A question. If you have a tax free super income and you have non tax free super income – shares, bank deposits, etc. Where does the tax free threshold sit. Do you have to earn $18k on the non-super before paying tax or is there a sliding scale in there?
Isn’t there something for all over-60s which has nothing to do with income or assets and is separate from the age pension? Or even a health card?
302
The ALP should have made a big noise about the structural deficit, after being elected in 2007, and then gone for fixing it in the first budget. Restoring taxation on super for the over 60s (at least over a threshold, such as that of the 30% tax rate), taxing super contributions and income for those in to top two tax brackets at their tax rate minus 15%, tightening up the aged pension means-test, fixing capital gains tax, dumping Howard`s last round of tax cuts (at least for the top two tax brackets) and restoring petrol excise indexation.
The Super changes could have also been sold on equity grounds, especially if the low income super contribution tax cut had also been brought in then.
312
I believe that, since super is now untaxed at withdrawal, it counts as tax free income and thus there is no sliding scale.
Lizzie@313
The Seniors Card. Which you can get on your 60th birthday. Even if you are still working.
Blackburseph
I doubt thIs a good place to be getting financial advice…
I worked for the first three months of the 2013-14 year and then took redundancy and retired and started drawing in my super in January this year.
When I did my tax return the super income did not have to be declared. Because I only worked for part of the year I got most of the tax I had paid back, including the low income earners rebate. Was a nice surprise.
My understanding from my accountant is that super income is simply not declared on tax returns.
Tom @ 314
Probably somebody (even the Treasury or Department of Finance) should have made a bigger noise when a lot of these things were even being considered. The economic/ political team of Rudd and Swan would have been incapable of doing any of those things – an opportunity missed.
blackburn
But that only gives discounts where retailers offer them, doesn’t it? (I’ve never had one)
A really brave conservative government would take on its political heartland on the issue of super concessions etc. but ……
316
As long as it is not more than 35 hours per week.
Report of ABC rally in Sydney
http://www.theage.com.au/nsw/stop-the-bs-quentin-dempster-tells-malcolm-turnbull-20141122-11rxkn.html
Pictures on twitter show quite a large crowd at the rally
briefly
Some part of this can be put down to parents who take care.
rua
You don’t want to end up like the Gold Coast where the beaches are swathed in shadow.
I’m sure you’re right. Just the same…it sounds intuitively plausible.
briefly
I agree.
Briefly
The point is that there are significant disparities between the speed of productivity increases in different sectors and that this is due to the intrinsic nature of different types of good. William Baumol is an economist who has written about this phenomenon.
http://www.bloombergview.com/articles/2013-03-18/have-we-found-the-cure-for-baumol-s-disease-
http://www.abc.net.au/news/2014-11-22/protesters-rally-against-abc-cuts/5911406
It gives you PBS scripts for $6 each. A huge saving for the chronically ill over 60s. Howard introduced it originally for farmers wives, then of course it was expanded to bleed the PBS of funds.
For some time now it has been widely accepted that comets could only have delivered 10-20% of the oceans’ water content, at most. The vast bulk of the oceans was emitted from the Earth’s interior.
They should have made noise about it before Being elected instead of just signing straight up to Howard’s promised tax cuts.
The Age – from link at #323
The ABC from #328
ruawake
Thank you. I knew there was something else. Considering how many medications are on prescription, that must be hellishly expensive for PBS. Big spender Howard.
Critique of the Oz editorial
http://prestoninstitute.com/2014/11/22/applyingthewhip/
Yeah. But the argument is facile. Take this example, given in your reference.
The output is not the play itself. It is the number of times it can be viewed – the audience reach a given performance can have. In S’s day, plays were performed live in the afternoon (there was no such thing as stage lighting). These days, a performance can not only be performed live several times a day, it can be recorded and re-played. A given performance has an almost infinite existence and audience. The proposition that there has not been and can not be any productivity gains in theatre is mistaken because it attempts to measure the wrong thing.
They further attempt to support the argument by pointing to rising ticket prices. But this just ignores the fact that most performances are now viewed for free – that there is widespread piracy and free-riding – and that live performance subsidises off-venue performance.
This is actually not an argument about productivity but about the interactions between the monetary and non-monetary economies.
They
have changed the rules of the pharmaceutical benefits scheme.
It was based on annual cost of prescriptions.
I was always just below the threshold where you could claim.
Now its on the number of prescription per person per year and I’m about 1/3rd of the way along that number.
So I pay full price for everything – about $2000 per year.
On Senior’s card
Federal – the age eligibility is 65
.
I applied but copped out on page 20 or so of the ‘form’ when they wanted to know the date my wife came to Oz over 50 years ago. After umpteen pages of irrelevant guff I chucked it in the bin.
Incidentally it was the 2nd last trip of the “Oronsay”, the next and final trip brought out a bloke named Abbott.
State senior card here in SA operates from age 60.
Handy thing, has all sorts of discounts including at least one of the hardware chains giving 5%.
That was dead easy to apply for and get.
Lizzie@319
It gives you a discount on public transport as far as I am aware. A friend of mine who turned 60 uses it to get to work.
lizzie@284
Welfare payments are effectively negative tax payments. Any increase in the GST should be require a full re-calibration of all transfer payments. I think this is an area where, I hope, the ALP is doing some preemptive work for when the Lib try to breakout of their poll woes by proposing broadening and increasing the GST.
If they do their homework they could wedge the Libs right out of the gate.
PvO having a bit to say about the ABC cuts on twitter.
https://twitter.com/vanonselenp
re Fredex @602
Ludlum actually anticipated this in his speech when he said wtte “How many people are here? 50000?” (uprorious laughter) “The cops will probably say ‘200’”
I thought there might have been one to two thousand gathered.
… and that was in relation to fredex comment @332, sorry…
KB @303
A very comprehensive article giving a very clear picture of the situation.
William there’s a NSW galaxy 56:44 LNP:ALP in today’s Daily Telegraph.
I would argue that the productivity gains in the services sector are one of the enabling conditions that have propelled its rapid growth. It would not have been possible for these sectors to expand as quickly as they have while real wages also rose and with full employment unless there were associated gains in productivity in the production of services.
Baumol et al should read some of the literature on the production and marketing of intangibles – on how to think of intangibles from the viewpoints of their consumers and producers.
I also think the distinction between a “service” (say, the retailing of a product, like a pair of shoes) and “manufacturing” will tend to evaporate as direct relations between “makers-designers” and consumers start to change both the execution of production and marketing. This is already occurring in specialty or bespoke production and will rapidly become more widespread.
Reluctant as I am to link to the GG, it appears there is some movement in the EvilForce with the Boadaciea-like Julie Bishop apparently bestriding the globe, whilst the ever-shrinking, inarticulate Captain Coal being lampooned.
PVO is leading the way (tho the Sphere of Influence Laurie Oakes is doing his bit in the Murdoch tabloids). This search with a microscope to find where Xi declared a democratic China by 2050 mirrors my own search of Xi’s speech after Abbott made those claims. I couldn’t find it, so pit it down to normal Abbott BrainFart ™ behavior, but Murdoch minions also looked..
http://www.theaustralian.com.au/opinion/columnists/abbott-invited-ridicule-by-hailing-xi-jinpings-democracy-pledge/story-fn53lw5p-1227131142001
Theres democracy there, jim , but not as we know it!!
Klingons on the starboard bow as well…
Thanks Docantk, post finally added.
http://blogs.crikey.com.au/pollbludger/2014/11/22/galaxy-56-44-to-coalition-in-nsw-2/
Think about newspaper publishing. There have been very great advances in the productivity of journalism and printing since, to take a watershed moment, the strikes known as the Battle of Wapping in 1986/7.
For a while, the media companies were able to monetise and appropriate all the resulting productivity gains, which were really very considerable.
However, tech gains no longer generate income gains for publishers. The opposite is the case. Even though there is probably more editorial output than ever before, and its creation consumes relatively fewer resources, this production is generating progressively less revenue. Does this mean that the productivity of publishing is falling?
Probably not. Content is more widely distributed, more extensively and rapidly replicated and more completely stored than at any time in history while consuming relatively fewer inputs. Publishing not generates less income, it also requires far less revenue to sustain itself. This is a productivity gain when measured from the point of view of the consumer, the economy as a whole and the culture, though not from the viewpoint of the dinosaurs in print and tv.
This is all true even though our personal literacy-dependent production/hour has, at best, not changed since 1986.
Abbott flunked out. The courtiers are obviously getting sick if covering for him.
I agree. I think Lindsay Tanner had the same view, but was over-ruled by the gang of three – Rudd, Gillard and Swan.