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Budget fears

By Emily Morris - 29 April 2014 92

It seems to me that every day we are now hearing new ‘worst case’ scenarios in preparation for Joe Hockeys big moment in the sun.  Increased taxes, rising pension ages, changes to university funding – the list goes on (funnily enough no talk of changes to paid maternity leave which I find surprising).  It seems to me we are all in the firing line.

What do you think would be the worst case details for Canberra?  What are the areas to watch come budget night?  Is there anything you hope to see included?

What’s Your opinion?


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92 Responses to
Budget fears
1
Madam Cholet 10:14 am
29 Apr 14
#

‘Moment in the sun’…he’s the Treasurer, and bringing down the budget is what they do…every year. What government doesn’t leak and grandstand about any event, regardless of the good or bad news? Who’d be the Treasurer at this time of year? No end of groups trying to get to you, decisions no one wants to have to make. A totally thankless task.

Deloittes (I think it was them), last week said that pain for Canberra would not be as long lived as maybe first thought (better in the 14-15 financial year). My house price has tanked (I only know this through recent valuations and the news that everywhere else is doing great thanks very much) so I’m clinging to the possibility of a short-lived hit (with a massive recovery at the end!).

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2
farout 11:11 am
29 Apr 14
#

If they scrap or at least defer the PPL till the deficit it gone, it will make the rest of the pain more bearable.

Higher taxes are inevitable because no Govt has the guts to rein in middle class welfare. Yet they are all too quick to dole out taxpayers money.

My main gripe is that instead of a levy, it should be a normal tax increase staggered according to the tax levels. From today’s leak, it sounds like someone earning $79,900 will be better off than someone earning a round $80,000 because the former pays zero levy but the latter pays $800. The increase/levy should be x% of the amount above $80,000 or whatever. Also, why stop at 2% above $130K, why not 3% above 350K and 4% above 500K?

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3
dungfungus 11:27 am
29 Apr 14
#

Madam Cholet said :

‘Moment in the sun’…he’s the Treasurer, and bringing down the budget is what they do…every year. What government doesn’t leak and grandstand about any event, regardless of the good or bad news? Who’d be the Treasurer at this time of year? No end of groups trying to get to you, decisions no one wants to have to make. A totally thankless task.

Deloittes (I think it was them), last week said that pain for Canberra would not be as long lived as maybe first thought (better in the 14-15 financial year). My house price has tanked (I only know this through recent valuations and the news that everywhere else is doing great thanks very much) so I’m clinging to the possibility of a short-lived hit (with a massive recovery at the end!).

I am sure the homeless will feel your pain in knowing your house price has tanked.
No doubt they will be elated for you when there is a massive recovery.
Your self-interest makes me puke.

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4
farout 11:40 am
29 Apr 14
#

I certainly hope the ‘deficit levy’ applies to companies and trusts, in addition to individuals.

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5
magiccar9 12:30 pm
29 Apr 14
#

Anyone stopped to ask themselves why we’re in the situation anyway?

We can all blame the current Government at the time – be it Labor or Liberal – but we never hold previous Governments accountable for the trouble they cause.

This trouble hasn’t stemmed from recent choices, it’s stemmed from choices made 2,3,4,5 + years ago.

We all need to quit complaining about it too. There isn’t anything we can do about it, so just pay up and shut up.

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6
dungfungus 12:59 pm
29 Apr 14
#

farout said :

I certainly hope the ‘deficit levy’ applies to companies and trusts, in addition to individuals.

Will it be tacked onto the Medicare levy (like the Qld. Flood Levy)?
If it is, then all those with no taxable income who aren’t obliged to submit a tax return and subsequently do not get an assessment will be exempt.
This could exclude from the levy all those filthy rich self-funded retirees and even the Governor General.

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7
Madam Cholet 1:20 pm
29 Apr 14
#

dungfungus said :

Madam Cholet said :

‘Moment in the sun’…he’s the Treasurer, and bringing down the budget is what they do…every year. What government doesn’t leak and grandstand about any event, regardless of the good or bad news? Who’d be the Treasurer at this time of year? No end of groups trying to get to you, decisions no one wants to have to make. A totally thankless task.

Deloittes (I think it was them), last week said that pain for Canberra would not be as long lived as maybe first thought (better in the 14-15 financial year). My house price has tanked (I only know this through recent valuations and the news that everywhere else is doing great thanks very much) so I’m clinging to the possibility of a short-lived hit (with a massive recovery at the end!).

I am sure the homeless will feel your pain in knowing your house price has tanked.
No doubt they will be elated for you when there is a massive recovery.
Your self-interest makes me puke.

At which point did I say ‘stuff the homeless, save my house price’? It was an example of the effect of the pain already being inflicted on Canberra. I could be housing homeless people left right and centre in my small 3 bedroom suburban work in progress for all you know. And if I got on and gloated about my house price rocketing would you still have had your whinge at me? I think so.

But what is me not saying anything about my house price going to do for the homeless? I have a well paying job, I pay my taxes, I pay my bills, I own an investment property, I donate to charity, stumped up money for the QLD flood through my taxes and will take the NDIS hit in my tax return I assume, etc etc. I therefore contribute everything that I am supposed to and more. Stop looking over your shoulder and concentrate on your own shortcomings.

I was pointing out the fact that Deloittes or whomever said it, assessed it as short term pain whatever the budget throws up.

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8
gazket 4:10 pm
29 Apr 14
#

when Labor leave a black hole of debt and lie for 6 years about surpluses expect some cutbacks. The debt averages out to every household owes $25k with nothing to show for it. When Rudd/Gillard came in every house hold had $2K of savings with nothing to show for it.

Get ready for more pain when Rattenburger and Labor borrow more money to waste .

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9
Rollersk8r 4:24 pm
29 Apr 14
#

I think (hope) it’s the standard routine of delivering months and months of bad news to make the budget look nowhere-near-as-bad-as-it-could-have-been when finally announced.

Still, I’m sick and tired of everything being a GFC emergency, a climate change emergency, a budget emergency, an aging population emergency…

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10
switch 5:11 pm
29 Apr 14
#

Rollersk8r said :

I think (hope) it’s the standard routine of delivering months and months of bad news to make the budget look nowhere-near-as-bad-as-it-could-have-been when finally announced.

Still, I’m sick and tired of everything being a GFC emergency, a climate change emergency, a budget emergency, an aging population emergency…

I wish, amongst all the budget kite-flying we’re copping right now, there’d be a few announcements like “politicians will forego their extraordinarily generous entitlements and super, along with not voting themselves a pay-rise for the next few years.”

Pigs are fuelled and ready to fly…

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11
Comic_and_Gamer_Nerd 9:30 pm
29 Apr 14
#

gazket said :

when Labor leave a black hole of debt and lie for 6 years about surpluses expect some cutbacks. The debt averages out to every household owes $25k with nothing to show for it. When Rudd/Gillard came in every house hold had $2K of savings with nothing to show for it.

Get ready for more pain when Rattenburger and Labor borrow more money to waste .

Source?

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12
harvyk1 10:13 pm
29 Apr 14
#

dungfungus said :

I am sure the homeless will feel your pain in knowing your house price has tanked.
No doubt they will be elated for you when there is a massive recovery.
Your self-interest makes me puke.

and how many of those people are homeless because the gov’t of the day decided Canberra’s public servants are overpaid and worthless and thus sent in razor gangs whilst at the same time the gov’t was crying over a small group of workers in a doomed industry in “Real Australia”?

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13
bigfeet 10:38 pm
29 Apr 14
#

Comic_and_Gamer_Nerd said :

Source?

Damn, I hoped I would never see that again.

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14
magiccar9 11:07 pm
29 Apr 14
#

Comic_and_Gamer_Nerd said :

gazket said :

when Labor leave a black hole of debt and lie for 6 years about surpluses expect some cutbacks. The debt averages out to every household owes $25k with nothing to show for it. When Rudd/Gillard came in every house hold had $2K of savings with nothing to show for it.

Get ready for more pain when Rattenburger and Labor borrow more money to waste .

Source?

Um, I’d say looking at the last 6 odd years of history is a good source…. You’d be blind not to see at least a little bit of accuracy.

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15
miz 11:35 pm
29 Apr 14
#

gazket, no one would complain about cutbacks or increased taxes if they were fair. I’d gladly pay a doubled Medicare levy for hospitals, but I don’t see why I should now pay more for an unfair PPL or tax breaks for the wealthy.
Unfortunately this govt seems intent on unpicking the things that even up the playing field – diddling public schools (Gonski), messing with uni funding (flagging an intention to make our system like the most unequal place in the world – the US), talking of cutting pensions but reinstating super tax lurks for the very wealthy, introducing co-payments for bulk billing (which will only affect really poor people) – are you sensing a theme here? Not to mention the BS about a budget emergency. You would only believe that if you don’t listen to international economic commentary, which consider Australia to have a gold standard economy with very low debt levels. You should get out more.
Face it, this govt is hardline economic rationalist, considering that circumstances are completely the ‘choice’ of the individual – so difficult circs (e.g. disabled child preventing you from working) is actually all your own fault so suffer baby, and on the flip side, the wealthy are the only deserving people on the planet. They do not really care about ordinary struggling people, only their wealthy friends like the Packers and Rineharts, and clearly think the country would be a better place if they – the entitled – are in charge. They actually let that slip before the election (‘the grown ups are in charge’), but no one recognised it for what it was. God I truly hope they are a one term wonder…

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