Turnbull Canberra Tax Proposals Are Bonkers

Corporate tax cuts airlift money to offshore investors, fail to acknowledge that dividend tax credits bring the effective rate down below 20%, unjustifiably favour the big end of town and are not supported via an economic growth payback.

Buy to let property tax concessions favour the wealthy, serve to drive up property prices for the less well-off and are to be dropped

In contrast, personal tax thresholds need to be raised substantially, to address the poverty gap, encourage work participation and reduce the tax burden on lower income families.

Spring Street Splashes The Dollars

Meanwhile, Spring Street splashes out over $65 Bn of taxpayer’s hard earned cash each year; equivalent to the amount Australians are able to afford to contribute to their super each year.

This hard earned cash is being blown on roads to nowhere, level crossings in the sky, giveaways to well-heeled sporting bodies and union mate work projects – there needs to be a greater investment in supporting the homeless and destitute for shelter and to regain their lives; assisting the disadvantaged and troubled with centres for treatment and remediation.: Jumping off the train of outsourcing further aged care and elderly retirement services to the private sector, and invigorating local communities, to make them more secure and better places to live, by promoting tech solutions and harnessing the energy of Victorians across the generations .

For the record , the Premier and his band of followers must qualify for the Guinness Book of Records for the most expensive road in the world – which was never built! In fairness Napthine should never have signed the contracts.

The cost to cancel was $1.1Bn – more than spent on new schools, aged care services for the elderly,  hospital improvements and 40 times what the Andrew s government included in its 2017 budget to spend over 3 years on improving rooming houses .

The Premier got his hands on over $11bn by selling the Melbourne ports and surely  he wasn’t going to leave it to his successors at any cost, preferring to look after  his supporters.

With an $8.3Bn tag and rising every day, and up to 50 level crossings, this price tag is ballooning out, shaving off 1-2minutes or less off journeys, but offering a licence to print money for the unions.

Contrary to the government’s stated objective, many of the 50 crossings on the Andrews government’s list are not among the city’s most congested or dangerous,; hard to credit, but that’s much more than Victoria spends each year on new schools, hospitals, shelters for the homeless and aged care services, and a 2017 report suggested it will struggle to get commuters home 2 minutes earlier!!!

Providing a $225m funding facility to the AFL, the ultimate well-heeled sporting body, to revamp the Etihad stadium – 8 times more than proposed spending in the 2017-18 budget   over 3 years on improving rooming houses

IT’S ALL WRONG – THE MAD AS HELL PARTY WILL SORT IT!