Leyonhjelm - Pensions are charity

bordsilver said:
mmm....shiney! said:
I applaud the ingenuity of companies who can do this.
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+1

If anything, what SlipperyPete's article tells me is that Australia should adopt the company tax policies of countries like Ireland, Singapore, Switzerland etc and attract more head offices here.
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You're attacking me for providing info on erosion of the corporate tax base? Is this some privileged information that citizens of Australia should not be allowed to know?

Sure, we can adopt company tax policies of countries like Singapore, but then will we also adopt their income tax policy too? This ranges from 0% to 20%

QW7VSW6.png
 
Bah !!! means nothing unless you supply the postcode .... different parts of any city perform differently .Never mind
 
SilverPete said:
bordsilver said:
mmm....shiney! said:
I applaud the ingenuity of companies who can do this.
Click to expand...
+1

If anything, what SlipperyPete's article tells me is that Australia should adopt the company tax policies of countries like Ireland, Singapore, Switzerland etc and attract more head offices here.
Click to expand...

You're attacking me for providing info on erosion of the corporate tax base? Is this some privileged information that citizens of Australia should not be allowed to know?

Sure, we can adopt company tax policies of countries like Singapore, but then will we also adopt their income tax policy too? This ranges from 0% to 20%

http://i.imgur.com/QW7VSW6.png
Click to expand...
That looks far superior to our current one. But it would still be easier to just get rid of it or replace it with a flat tax with no write offs.
 
Bullion Baron said:
As I've already said, it's not my position that they should be forced to move. I think anyone who owns a home (regardless of value) should have any welfare benefits received while alive garnished from the estate once they've passed (before the assets are distributed to beneficiaries). I don't think that's unreasonable, do you?
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Bullion Baron said:
Not waiting for the "bubble to burst" as you put it, but yes I sold in 2010 and have been waiting for better value. Here we are 5 years later and prices in Adelaide are still around the same/lower as when I sold. I expect to buy again within a few years.

I'm not sure what I've said that could be seen as condescending and I'm not sure what makes you say I have a sense of entitlement just because I don't own property currently...
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"Currently" you do not own any RE outright and "Currently" I Do.......so in the event that "Either" of us found ourselves in the unfortunate position that we needed a pension, you have very generously stated that " I think anyone who owns a home (regardless of value) should have any welfare benefits received while alive garnished from the estate once they've passed (before the assets are distributed to beneficiaries). I don't think that's unreasonable, do you?"

If you believe that my home should be garnished..............as you don't own a home that could be garnished, is it only property owners that should be garnished.......or what are you offering up for your repayment of "welfare benefits"....?
 
SilverPete said:
bordsilver said:
mmm....shiney! said:
I applaud the ingenuity of companies who can do this.
Click to expand...
+1

If anything, what SlipperyPete's article tells me is that Australia should adopt the company tax policies of countries like Ireland, Singapore, Switzerland etc and attract more head offices here.
Click to expand...

You're attacking me for providing info on erosion of the corporate tax base? Is this some privileged information that citizens of Australia should not be allowed to know?

Sure, we can adopt company tax policies of countries like Singapore, but then will we also adopt their income tax policy too? This ranges from 0% to 20%

http://i.imgur.com/QW7VSW6.png
Click to expand...
A. I'm not attacking you
B. There's no "erosion" of corporate tax base. There's less theft by the Govt from those able to protect themselves.
 
Stacked said:
Bullion Baron said:
As I've already said, it's not my position that they should be forced to move. I think anyone who owns a home (regardless of value) should have any welfare benefits received while alive garnished from the estate once they've passed (before the assets are distributed to beneficiaries). I don't think that's unreasonable, do you?
Click to expand...

Bullion Baron said:
Not waiting for the "bubble to burst" as you put it, but yes I sold in 2010 and have been waiting for better value. Here we are 5 years later and prices in Adelaide are still around the same/lower as when I sold. I expect to buy again within a few years.

I'm not sure what I've said that could be seen as condescending and I'm not sure what makes you say I have a sense of entitlement just because I don't own property currently...
Click to expand...

"Currently" you do not own any RE outright and "Currently" I Do.......so in the event that "Either" of us found ourselves in the unfortunate position that we needed a pension, you have very generously stated that " I think anyone who owns a home (regardless of value) should have any welfare benefits received while alive garnished from the estate once they've passed (before the assets are distributed to beneficiaries). I don't think that's unreasonable, do you?"

If you believe that my home should be garnished..............as you don't own a home that could be garnished, is it only property owners that should be garnished.......or what are you offering up for your repayment of "welfare benefits"....?
Click to expand...
I guess for the same reason that if I have $10 million in the bank I shouldn't be able to get welfare (should people with cash be disciminated against compared to people with houses?). If you can support yourself then the government shouldn't offer you welfare. However as long as the government offers you money you should take it haha.
 
systematic said:
Do a little reading on "corporate sedentarism" and learn what a real problem is and at what social and economic cost ....
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I tried to do a little reading on "corporate sedentarism" and found out nothing, except your term is number 2 on google so I guess there's no real problem then? :P
 
mmm....shiney! said:
systematic said:
Do a little reading on "corporate sedentarism" and learn what a real problem is and at what social and economic cost ....
Click to expand...

I tried to do a little reading on "corporate sedentarism" and found out nothing, except your term is number 2 on google so I guess there's no real problem then? :P
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maybe your pc is on parental control ... lol
 
col0016 said:
Stacked said:
If you believe that my home should be garnished..............as you don't own a home that could be garnished, is it only property owners that should be garnished.......or what are you offering up for your repayment of "welfare benefits"....?
Click to expand...
I guess for the same reason that if I have $10 million in the bank I shouldn't be able to get welfare (should people with cash be disciminated against compared to people with houses?). If you can support yourself then the government shouldn't offer you welfare. However as long as the government offers you money you should take it haha.
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Money in the bank is fundamentally different to a principle place of residence, i.e., the home you live in. Your PPOR represents unrealised value (e.g. if sold, if subdivided, if knocked down and replaced with apartment blocks) but its not a liquid asset. If sold or passed on after you die then maybe a sliding scale of capital gains tax should be paid commensurate with the total pension received. But it should not disqualify you from the pension until its value is realised as cash.
 
SilverPete said:
col0016 said:
Stacked said:
If you believe that my home should be garnished..............as you don't own a home that could be garnished, is it only property owners that should be garnished.......or what are you offering up for your repayment of "welfare benefits"....?
Click to expand...
I guess for the same reason that if I have $10 million in the bank I shouldn't be able to get welfare (should people with cash be disciminated against compared to people with houses?). If you can support yourself then the government shouldn't offer you welfare. However as long as the government offers you money you should take it haha.
Click to expand...
Money in the bank is fundamentally different to a principle place of residence, i.e., the home you live in. Your PPOR represents unrealised value (e.g. if sold, if subdivided, if knocked down and replaced with apartment blocks) but its not a liquid asset. If sold or passed on after you die then maybe a sliding scale of capital gains tax should be paid commensurate with the total pension received. But it should not disqualify you from the pension until its value is realised as cash.
Click to expand...
Assuming that your multi million dollar home must be in Melbourne or Sydney I think you'll find that property is very liquid there. Instead of getting the pension and having the government take it out of your property after you die why not just get a reverse mortgage?
 
col0016 said:
SilverPete said:
col0016 said:
I guess for the same reason that if I have $10 million in the bank I shouldn't be able to get welfare (should people with cash be disciminated against compared to people with houses?). If you can support yourself then the government shouldn't offer you welfare. However as long as the government offers you money you should take it haha.
Click to expand...
Money in the bank is fundamentally different to a principle place of residence, i.e., the home you live in. Your PPOR represents unrealised value (e.g. if sold, if subdivided, if knocked down and replaced with apartment blocks) but its not a liquid asset. If sold or passed on after you die then maybe a sliding scale of capital gains tax should be paid commensurate with the total pension received. But it should not disqualify you from the pension until its value is realised as cash.
Click to expand...
Assuming that your multi million dollar home must be in Melbourne or Sydney I think you'll find that property is very liquid there. Instead of getting the pension and having the government take it out of your property after you die why not just get a reverse mortgage?
Click to expand...
And what if the market crashes?
 
SilverPete said:
col0016 said:
SilverPete said:
Money in the bank is fundamentally different to a principle place of residence, i.e., the home you live in. Your PPOR represents unrealised value (e.g. if sold, if subdivided, if knocked down and replaced with apartment blocks) but its not a liquid asset. If sold or passed on after you die then maybe a sliding scale of capital gains tax should be paid commensurate with the total pension received. But it should not disqualify you from the pension until its value is realised as cash.
Click to expand...
Assuming that your multi million dollar home must be in Melbourne or Sydney I think you'll find that property is very liquid there. Instead of getting the pension and having the government take it out of your property after you die why not just get a reverse mortgage?
Click to expand...
And what if the market crashes?
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What if the share market crashes? Why should they be forced to realise their losses instead of riding it out and living on the pension until the share market goes to da moooooon?
 
willrocks said:
Could you imagine the outrage if there was an industry built around people retaining and maximizing unemployment payments. There really is no difference between unemployment and pension benefits.
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There is! The Australian Council for Social Services, I believe they're called.
 
Hospitaller said:
My suggested readings are:

"How an economy grows and why it crashes" by Irwin and Peter Schiff

"economics in one lesson" By henry Hazlitt

"What has government done to our money" Murray Rothbard

This will give you a good foundation and set you up for further readings if you are so interested.
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Correction. I meant the book "How an economy grows and why it doesn't" by Irwin Schiff

Free PDF is available HERE (size = 4.9MB). I also have the one co-written with Peter Schiff but I didn't enjoy it anywhere near as much as Irwin's original.
 
Bullion Baron said:
So if I retire and have a million dollars worth of Gold saved then I am not eligible for the pension, there is nothing to garnish as I am not receiving the pension
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If you notify the government of your million dollars saved in Gold I would commend you..........because none else on this site owns any Gold :D
 
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