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Will Rates Triple?

By Jazz - 11 October 2012 55

rates hikes
By now anyone who has been paying attention to the key campaign issues for next weeks election will have noticed that the Liberals campaign is very heavily pushing the fiscal argument that under a labor government that ACT rates will triple as a result of the abolition of stamp duty. Its hard to miss Zed’s trailers parked along key arterial roads around Canberra reinforcing the point.

It’s a claim that the incumbent labor government says is an out at out lie, and has both parties attempting to find credible endoresments (whilst simultaneously discrediting the oppositions. Fliers for RealZed.com which have been dropped in more than a few letterboxes is in my opinion, a particularly sensationalist approach with lots of large bold and highlighted lettering for Labor’s position in case you couldn’t work it out yourself..

Its fair to say that in time, rates will indeed triple. but is this the ACT Liberals sensationalising the issue as well? After all, the election promises of extra spending on this, that and the other thing need to be funded by someone.

[update 12/10] Just to ad some extra fun to the mix. the Liberals are now accusing Labor of hypocrisy with some land rates having increased by up to 300% or more in the last 11 years of labor leadership. But thats ok, because they were focussed on tax reform.

And not to be outdone, Senator Gaz has his own views – not surprisingly supporting the liberals assesment.

What’s Your opinion?


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55 Responses to
Will Rates Triple?
Mr Evil 5:40 pm 11 Oct 12

If elected, ACT Labor will triple the number of people it has fudging figures to make Labor look three times as good.

If elected, the Liberals will triple the number of incorrectly completed time sheets lodged in Zed’s office.

If elected, Labor will triple the number of poker machines available in the Canberra Labor Clubs. (This probably will come true!).

If elected, Philip Pocock will triple the number of times he chokes the chicken per day whilst quoting from the bible.

If elected, The ACT Greens will triple the number of times they simply rubber-stamped ACT Labor decisions without asking any questions that might make Labor look bad.

Comic_and_Gamer_Nerd 5:06 pm 11 Oct 12

Jivrashia said :

arescarti42 said :

Is getting rid of stamp duty and replacing it with land tax a really good idea? I think so.

As long as I get my $17,500 in stamp duty back they are more than welcome to introduce the new rates.

So, where do I apply for the refund?

Good point. People who already paid stamp duty should be exempt from a new land tax or be refunded their stamp duty including inflation price.

Duffbowl 4:23 pm 11 Oct 12

Flyinghurts said :

Mr Pocock will triple the number of residents leaving the ACT to live and work elsewhere

How could I have forgotten that numpty in the list? Much shame and dishonour…

Flyinghurts 3:44 pm 11 Oct 12

Duffbowl said :

The Canberra Liberals will triple voter apathy.

The ACT Greens will triple first world guilt in Canberra.

ACT Labor will triple Australia’s mocking of Canberra.

Bullet Train for Canberra will triple the cost of rail travel while still not competing effectively against the airlines.

The Australian Motorist Party will triple the number of “Tits or GTFO” signs seen at Summernats.

Marion Lê Social Justice Party will triple circumflexion.

The Pirate Party will triple the yarrrrs.

The Liberal Democratic Party will triple the amount of confusion surrounding the use of the word “Liberal” in a political party name.

Mr Pocock will triple the number of residents leaving the ACT to live and work elsewhere

Deref 3:19 pm 11 Oct 12

Will rates triple? Unquestionably, regardless of which party wins.

Idiotic scare campaigns like this reflect all that’s wrong with politics; three-word slogans (big new tax, rates will triple) and 10 second sound bites are used as a substitute for information, policies and, the gods help us, actual thought. All parties do it at every level of politics.

Anyone who votes on the basis of those deserves all they get. The rest of us, however, don’t.

Duffbowl 2:27 pm 11 Oct 12

The Canberra Liberals will triple voter apathy.

The ACT Greens will triple first world guilt in Canberra.

ACT Labor will triple Australia’s mocking of Canberra.

Bullet Train for Canberra will triple the cost of rail travel while still not competing effectively against the airlines.

The Australian Motorist Party will triple the number of “Tits or GTFO” signs seen at Summernats.

Marion Lê Social Justice Party will triple circumflexion.

The Pirate Party will triple the yarrrrs.

The Liberal Democratic Party will triple the amount of confusion surrounding the use of the word “Liberal” in a political party name.

Jivrashia 2:16 pm 11 Oct 12

arescarti42 said :

Is getting rid of stamp duty and replacing it with land tax a really good idea? I think so.

As long as I get my $17,500 in stamp duty back they are more than welcome to introduce the new rates.

So, where do I apply for the refund?

NoImRight 1:32 pm 11 Oct 12

Last I heard under a Labor Government the Earth will eventually crash into the sun.Dont say you werent warned.

colourful sydney rac 1:20 pm 11 Oct 12

Vote Liberal and you and everyone you care about will die*

*eventually

arescarti42 12:39 pm 11 Oct 12

Didn’t we have this discussion a few weeks back? http://the-riotact.com/whats-with-the-scare-story-about-rates-tripling/83057

Will rates triple under a labor government? Probably.

Will it be over some relatively long period of time such that most people don’t notice it because their real incomes have been increasing and inflation has been kicking along? Probably.

Is getting rid of stamp duty and replacing it with land tax a really good idea? I think so.

Stamp duty was awesome for state governments when property was booming and sales transactions were very high. Since the market has cooled down, transactions have crashed and much of that revenue has dried up. Whichever government we get is either going to have to seriously cut spending, continue racking up debt, or find a new tax base if we want to maintain current services.

As I’ve said before, stamp duty is an inefficient, unfair and generally horrible tax that wastes resources and creates all sorts of distortions in the economy. Land taxes are a much better way to go.

Gallimaufry 12:27 pm 11 Oct 12

Baseless scare campaign from the Libs. Always resorting to scare campaigns with no actual facts.

Jazz 12:08 pm 11 Oct 12

lol I’m voting labor now 🙂

Bosworth 11:52 am 11 Oct 12

The Liberal Party will triple housing prices.

The Greens will triple the number of public servants.

The Labor party will triple the audience of the RiotACT.

devus 11:51 am 11 Oct 12

Those friggin trailers (and the rest of the illegally parked Liberals utes) really piss me off. “Let’s get people to vote for us by flaunting the law! It’s just cheap advertising!” Jerks.

Bosworth 11:50 am 11 Oct 12

The name of the game is: “The X Party will Triple Y”.

all answers must technically true. Funniest answer wins.

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