Increasing State and Federal revenue

[catsnknots]

How do you think it can be done? 

With personal tax rates going down and more services being promised how do you see the governments being able to afford all of these new promises and existing services? 

[the_hawk*]

Things are slow because the average working poor has been hit hard with ever increasing cost of living exspences and no longer has spare money to spend.

The only fix is people having more money and under Tonny that isnt going to happen

[margomeoz]

I hope Clive Palmer wins his seat in the Senate

[***super_nova***]

The easiest and cheapest way would be to keep the mining and CO2 tax.  To implement changes  taxation costs.  But of-course, they rather tax the poorest and give the rich tax cuts.

[izabsmiling]

After spending years howling about our strong economy and big promises to get us back to surplus by this date,that date ...or heading to a believable surplus by such and such...trust me he says

What we in fact ended up with is a surplus in about the same frame (or longer once it all comes out) as Labor offered with 'all their cards on the table and crystal clear' (to use Tony Abbott's phrases)

Labor did not however plan to do with with major cuts to vital services.

[the_great_she_elephant]

Well, Colin Barnett  wants Abbott to raise  the GS T - that should put a smile on everyone's face.

Mind you, having trashed our credit rating with his grandiose schemes, he  is pretty desperate for extra revenue.  I don't think Abbott can just go ahead and do it, anyway, it needs the consent of all the states as well.

[the_hawk*]

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@the_great_she_elephant wrote:

Well, Colin Barnett  wants Abbott to raise  the GS T - that should put a smile on everyone's face.

Mind you, having trashed our credit rating with his grandiose schemes, he  is pretty desperate for extra revenue.  I don't think Abbott can just go ahead and do it, anyway, it needs the consent of all the states as well.

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yes I believe it does need ALL states to agree, that shouldnt be that hard as its the states that get 100% of the GST they collect

[catsnknots]

I think raising the GST is a good idea... money will go right to the states that actually pay for essential services. 

The mining tax (or any other "super profit tax) in my opinion is not good enough. Several reasons: firstly the companies just gear down, slow production and then sack people  so that they don't need to pay it. Secondly a lot of people rely on that revenue to top up their self funded retirement. If they get less cash then the government must increase their pensions so the government is liable. 

Super profits are not guaranteed income, governments can't do projected spending on an unreliable income. 

Co2 tax is not meant to be an income for the government, it is meant to be a deterrent to big polluters. What happens if they keep it as it is and business finally does reduce their co2 output?? Won't that income also stop or be greatly reduced? We can't promise to fund anything from an ever decreasing income as the co2 tax in theory should be. 

[the_hawk*]

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@catmad*2013 wrote:

I think raising the GST is a good idea... money will go right to the states that actually pay for essential services. 

The mining tax (or any other "super profit tax) in my opinion is not good enough. Several reasons: firstly the companies just gear down, slow production and then sack people  so that they don't need to pay it. Secondly a lot of people rely on that revenue to top up their self funded retirement. If they get less cash then the government must increase their pensions so the government is liable. 

Super profits are not guaranteed income, governments can't do projected spending on an unreliable income. 

Co2 tax is not meant to be an income for the government, it is meant to be a deterrent to big polluters. What happens if they keep it as it is and business finally does reduce their co2 output?? Won't that income also stop or be greatly reduced? We can't promise to fund anything from an ever decreasing income as the co2 tax in theory should be. 

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a great idea pft you think taking money from the working poor  that are already struggling is a great idea?

Its the 90% of the population that spend every cent they have to exist that pay for the top 10% to have an easy run, taxing that 90% will only cause an even bigger slow down in the economy 

[catsnknots]

In truth the wealthy pay a lot more in GST than the poor. 

And the wealthy will be the ones to pay a lot more GST if it increases.