The 2013/2014 Off Season Thread

[Maroubra Eel]

I voted Liberal at the last election, for some stupid reason I fell for their bullshit, plus I thought Labour were f**king everything up.
I wish I could go back and vote again.

 

[Malabar Eel]

Don't take it to heart my friend. They're all liars, that's why i donkey vote.

 

[Avenger]

I voted Liberal at the last election, for some stupid reason I fell for their bullshit, plus I thought Labour were f**king everything up.
I wish I could go back and vote again.

So you can vote for more spending, fiascos and greater incompetence?

 

[Avenger]

The Liberals have always been better managers of our economy. To suggest anything else is a nonsense.

PS - they all lie.

 

[Joshuatheeel]

The budget would be ok if it was fairer as it focused on the lower income earners, if some of the following was also implemented then the government could claim everyone has to do some heavy lifting:

- changes to negative gearing, it costs the government billions each year. Maybe limit it to new builds and everyone that is already using it
- fuel rebates for miners etc
- taxation rules for trusts, maybe change it to the company tax rate except for farmers
- tax free super, anyone that draws super gets it tax free maybe limit it to $50k
- include the family home as a asset if it is valued at certain a amount for the assessment for the pension. Why should someone with a home worth over a million dollars can get some pension yet?
- why get rid of mining tax? Yeah it was f**ked up in its implementation but it's in place now so leave it one day it will collect tax
- keep the carbon tax, direct action will cost a lot more
- the governments PPL is madness, paying up to $50k is crazy when it is claiming we need to cut back

 

[Maroubra Eel]

Don't agree with the family home bit Joshua.
Your home might be worth a million but you could still have little money. People who work hard and pay off their home shouldn't be penalised.

 

[Barry O'Speedwagon]

The Liberals have always been better managers of our economy. To suggest anything else is a nonsense.

PS - they all lie.

Well argued Avenger. Did the early 80s de-regulation of the Aust. economy not happen for you? Each party has had their 'ups and downs'...and yeh the Libs have on average been better....but glib statements like 'always been better managers of our economy' are curious, to say the least.

Howard/Costello did well in their early years (very well perhaps), then squandered the biggest free kick (i.e. the mining boom....which was driven completely by external forces) we've seen for some time. Rather than match temporary increases in inflows with infrastructure projects of similar duration, they built in various effective tax cuts, ridiculous superannuation concessions etc. You want to tell me that is sound economic management? Howard's farewell party, at the very least, set the scene for our current position.

 

[oldmancraigy]

- include the family home as a asset if it is valued at certain a amount for the assessment for the pension. Why should someone with a home worth over a million dollars can get some pension yet?

So old Dora, whose husband died at 60 without life insurance, but left her the home fully paid off, should be smashed and starve?
Their grandparents bought the house for 25 pounds back in the day, sure, it has appreciated in value, but there is no real value for Dora unless she sells it.

Should she be forced to sell out of her area with friends and move someplace else to try and survive for the next 20 years on the $20k per year she's managed to grift out of selling, buying and resettling?

Obviously I'm all for leaving the family home as exempt for pension purposes - but it's ridiculous that there are people with multiple investment properties who are claiming the pension...

 

[oldmancraigy]

Howard's farewell party, at the very least, set the scene for our current position.

That's only because Kevin07 took over and spent the accumulated surplus on his personal hairspray stash :lol:

 

[Joshuatheeel]

Don't agree with the family home bit Joshua.
Your home might be worth a million but you could still have little money. People who work hard and pay off their home shouldn't be penalised.

Yes I agree but if our countries finances are f**ked why should they get the pension if they have million dollar asset. They could down size and use the remaining funds to support them self.

I spoke to old boy about it the other day, and his example shows why the system has issues.

My old boy has a house worth $500k and super of $500k and gets bugger all pension, but someone down the road from him has a house worth over a million dollars and he and his wife get the full pension. Both started of the same but the one focusing on his super to support himself in retirement was penalised over the couple focusing on building a beach front mansion. In this example my parents were paying tax to indirectly support the couple who has more assets then him. Why can't they done size move a few streets back from the beach and start supporting themselves ?

 

[Maroubra Eel]

I suppose it's easy to get fixed in your opinions when you blindly support one political party.
A bit like supporting footy I guess.

 

[oldmancraigy]

Why can't they done size move a few streets back from the beach and start supporting themselves ?

Because that isn't the only situation.

 

[oldmancraigy]

I suppose it's easy to get fixed in your opinions when you blindly support one political party.
A bit like supporting footy I guess.

Exactly.

If the other teams supporters realized how crap is was to follow those teams, and started following the Eels, the world would be a better place (and we'd all have equity in homes and pensions)

 

[Maroubra Eel]

Yes I agree but if our countries finances are f**ked why should they get the pension if they have million dollar asset. They could down size and use the remaining funds to support them self.

I spoke to old boy about it the other day, and his example shows why the system has issues.

My old boy has a house worth $500k and super of $500k and gets bugger all pension, but someone down the road from him has a house worth over a million dollars and he and his wife get the full pension. Both started of the same but the one focusing on his super to support himself in retirement was penalised over the couple focusing on building a beach front mansion. In this example my parents were paying tax to indirectly support the couple who has more assets then him. Why can't they done size move a few streets back from the beach and start supporting themselves ?

I see your point.

 

[Joshuatheeel]

So old Dora, whose husband died at 60 without life insurance, but left her the home fully paid off, should be smashed and starve?
Their grandparents bought the house for 25 pounds back in the day, sure, it has appreciated in value, but there is no real value for Dora unless she sells it.

Should she be forced to sell out of her area with friends and move someplace else to try and survive for the next 20 years on the $20k per year she's managed to grift out of selling, buying and resettling?

Obviously I'm all for leaving the family home as exempt for pension purposes - but it's ridiculous that there are people with multiple investment properties who are claiming the pension...

See my example above.

I think there needs to be a limit on the family home that is fair. I agree we shouldnt be making people leave there area and support circle but they also shouldnt have a house worth millions. And also different areas have houses worth different amounts.

 

[Maroubra Eel]

Anyway I'm sure there'd be ways around it. You could sell your home to your kids etc.

 

[Barry O'Speedwagon]

Yes I agree but if our countries finances are f**ked why should they get the pension if they have million dollar asset. They could down size and use the remaining funds to support them self.

I spoke to old boy about it the other day, and his example shows why the system has issues.

My old boy has a house worth $500k and super of $500k and gets bugger all pension, but someone down the road from him has a house worth over a million dollars and he and his wife get the full pension. Both started of the same but the one focusing on his super to support himself in retirement was penalised over the couple focusing on building a beach front mansion. In this example my parents were paying tax to indirectly support the couple who has more assets then him. Why can't they done size move a few streets back from the beach and start supporting themselves ?

Yep.

 

[Gronk]

I voted Liberal at the last election, for some stupid reason I fell for their bullshit, plus I thought Labour were f**king everything up.
I wish I could go back and vote again.

Don't take it to heart my friend. They're all liars, that's why i donkey vote.

Get a room you two.

 

[Joshuatheeel]

Anyway I'm sure there'd be ways around it. You could sell your home to your kids etc.

You could put a death tax on family homes over a certain value, that could be one way around it. The owners get to stay in their home for ever and then make a contribution when they pass away.

 

[Bigfella]

Is anyone else worried that the addition of Malabar Eel may undermine Maroubra Eel's credibility?