WAYNE 'DUD' SWAN

Discussion in 'Markets & Economies' started by hiho, Feb 8, 2013.

  1. hiho

    hiho Active Member Silver Stacker

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    Mining tax takes 'massive hit', raises $126m instead of $2B :eek:

    When are you Mr Dud going to stop spending and start slashing this enormous government black hole?

    I love my freedom of speech, if Roxon had her way I couldn't call the "dud" a "dud" :D
     
  2. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Yes, it's not like it's his own business that he is driving into the ground through his appalling lack of skill, experience, judgement and integrity, it is an entire country. Amateur socialist loser.
     
  3. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    This is a good thing, isn't it?

    I have it on good authority that the whole economy would implode if the mining companies were taxed more.

    That was the story, wasn't it? We even had a prime minister toppled over it.
     
  4. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Costs how much for analysts, accountants, auditors, bureaucrats, politicians, lawyers, executives etc to set-up, manage, report, forecast, compliance check etc?
     
  5. hiho

    hiho Active Member Silver Stacker

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    It could be said that the mining company's have some very intelligent people of there own on the books too ;-)
     
  6. hiho

    hiho Active Member Silver Stacker

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    cost the ATO $50M to setup for this apparently?
     
  7. Chillidog

    Chillidog New Member Silver Stacker

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    After he runs the economy into the ground, we will be paying him $8000 per month super irrespective of how much he earns after politics. Not to mention all the other perks. Ie car, driver, staff, phone calls, stationary, overseas trips wih the wife. Ect ect
    Mmm that's 1-1/2 weeks of his super to equal 12 months for a pensioner.
     
  8. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    This isn't about whether the mining tax is a good thing or a bad thing. It's about the abject failure of an incompetent treasurer seriously damaging Australia.
     
  9. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Gillard should sack Swan and put Eddie Obeid in as Federal Treasurer. There is a guy who gets things done and knows how to make money from mining. And as an extra bonus he matches Julia's level of honesty and integrity.
     
  10. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Er, no, the mining tax was going to completely destroy the country. If the mining tax isn't raising any money then Swan's incompetence is a huge boon for Australia.

    Sorry, can't have it both ways.
     
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    Swan is the mouthpiece. The incorrect estimates were made by the bureaucrats who will be jigging the figures for the next government.

    The failure of coal and the low iron ore prices are quoted as the reason for the low figure - well when you estimate 2 billion for the year and get 112 million in the first six months (around 10% of the estimate I think isn't it people?) isn't it treasury heads that should roll.

    As Hi Ho points out this should mean reducing spending as a priority since these projections are part of the budget. The government said a while back that tax receipts were down and they'd have to find new ways to raise money - ie increase the tax base - so expect the Liberal government to continue the pillaging of small business and productive capacity to keep their filthy hands in the biccy tin.

    Indeed!

    An assault on the removed from reality lurks, perks and astronomical salaries of 'public' servants is long overdue as well.
     
  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Big A.D. I think the point was that if the Mining Tax was able to rake in the estimated $2B then that would ruin the country's mining industry ergo ipso the only thing keeping our country out of The Slums (aka Detroit: or as auspm liked to refer to it as "the city with the best affordability or my Nirvana").

    The fact that the Treasurer and the Treasury grossly miscalculated the revenue from the introduction of this tax is indicative that on one hand we have a government that is willing to tax their way to success, yet on the other hand are too incompetent to actually achieve it.

    So either way Big A.D., if Swan succeeds or if Swan fails, we're screwed. The Swan Mantra is: I fail when I try and I try then I fail.

    That's the point the previous posters were trying to make. ;)
     
  13. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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  14. nonrecourse

    nonrecourse Well-Known Member

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    Julie every time a labor government is in office they blow the budget and the Liberals do indeed come in slash and burn and yes it is as per usual the small businesses that pay because they employ 77% of all the employees. Small business (under 10 million) are an easy target because we are not organised. Small business creates wealth and the unions/big business and big government feed off us.

    My question is why are the voters not making the labor party accountable for their dreadful criminal behaviour that causes so much suffering. As for the treasury clowns...I remember when they first announced the estimates for capital gains tax take in the first year 1985?. The estimate in the budget was something like $60 million in the first shortened year. It turned out to be 600 million for the seven months in that year. :rolleyes: :rolleyes:


    I agree but you are talking about a huge block of voters who are employed by the federal state and councils. With all the welfare handed out to so many groups we have a massive blood sucker feeding off the shrinking productive part of our economy that is quickly disappearing.

    Kind Regards
    non recourse
     
  15. hiho

    hiho Active Member Silver Stacker

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    quote of the month, stolen :p
     
  16. errol43

    errol43 New Member Silver Stacker

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    AH! the red and blue wheelbarrows filled with cash and goodies will be rolled out by both sides shortly..

    If you don't give me some $, I won't vote for you..Thats what the voters will say to the pollies..More money for everthing..

    Scenario 1. Tony wins, get Peter Costello to examine the books,,Economy is in worse state than was thought.. Blame the other mob! It will take us 10 years to fix it.

    Scenario 2. Rudd makes a comeback, tells the voters only he can save Australia from Tony, Kevin wins and tells us that Julia made some wrong choices.

    Scenario 3.. Turnbull and Rudd both win against current leaders..
    May the best man win! Voters happy no matter who wins.


    Errol NOT Happy WHO EVER WINS! :(



    Regards Errol 43
     
  17. hiho

    hiho Active Member Silver Stacker

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    Errol no mention of Campbell Newman? WTF ;)
     
  18. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Turnbull is smarter than all of them put together. He is in fact so smart that he does not want the job of being the next PM. Labor has run Australia into the iceberg and Turnbull clearly does not want to be the person on the bridge when the passengers will be looking at said bridge in 2014 and blaming whoever is there for f*#king their lives. He knows that whoever is in the hot-seat in 2014 will be personally blamed by the masses for the economic carnage of the Rudd-Gillard era which is spread for Km along the Australian economic highway like a 60 car pile-up.

    Next move from Gillard will be to give boat-arrivals voting rights. She is a shoe in for victory with such a large constituency.
     
  19. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    And almost none of that came from the Big 3 (Xstrata BHP Rio).

    It's not just Gillard who p!ssed them off. State Premiers Barry O'Farrel and Campell Newman have upped the state royalties AS well as the Feds putting on the super profits tax.
    Newman even had the hide to tell them they don't know how to run their businesses and should work harder to give him more of their profits. I'm not kidding, he actually said that!!! :eek: And we thought Stephen Conroy's "Underpants on the Head" comment was arrogant. :rolleyes:

    So as a payback, on 1 hand, the mining companies have wound back production (mothballing mines & laying off staff) to minimise profits, while on the other they're emptying the coffers building future infrastructure capacity... BIG TIME.

    They've got deep pockets and can remain solvent longer than the pollies can stay in office. The longer they keep the workers and hangers on out of work, the worse the economy becomes and the more blame goes onto the politicians.
     
  20. hiho

    hiho Active Member Silver Stacker

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    see post 5
     

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