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no issue with the above: but Australia can not support its current welfare so taxes have to be increased GST, land tax as you say AND costs cuts;You have a fundamental mistake in the post above:"Wages tend to follow inflation" that wastrue in Australia because of the past boom, ask any american or european if it was true in the last 20 y, feel free to check figures;middle class is being crushed and salaries are not catching up (so my smile when the pension was indexed to average salary and not CPIortrayed as a victory for pensionner, one of the only tax cut this government has been able to pass)ROE as a 20 to 35y old, you would be better off moving out of Australia financially if you can.I also like how you say you pay 10 of thousand (and not hundred which believe me make a difference) in capital gain (aka effective tax rate of 25% max after discounts) yeap I have no problem paying 25 or 30% tax rate either, even 40% and would be full time working hard in that case.I am not a hardcore neocon either, but the balance in the country has shifted (and will carry on i have no doubt)and for the main thread:Email this morning of a past colleague in dire need of a job (mining IT Brisbane as well)Sadly nothing I can lead him to, mining or otherwise.One more 100k of tax lost for that budget, and probably the next, trouble is he is not willingly doing it.And mining IT is not restrictive, could work in industry finance as easily, there are just no white collar jobs.
no issue with the above: but Australia can not support its current welfare so taxes have to be increased GST, land tax as you say AND costs cuts;
You have a fundamental mistake in the post above:"Wages tend to follow inflation" that wastrue in Australia because of the past boom, ask any american or european if it was true in the last 20 y, feel free to check figures;
middle class is being crushed and salaries are not catching up (so my smile when the pension was indexed to average salary and not CPIortrayed as a victory for pensionner, one of the only tax cut this government has been able to pass)
ROE as a 20 to 35y old, you would be better off moving out of Australia financially if you can.
I also like how you say you pay 10 of thousand (and not hundred which believe me make a difference) in capital gain (aka effective tax rate of 25% max after discounts) yeap I have no problem paying 25 or 30% tax rate either, even 40% and would be full time working hard in that case.
I am not a hardcore neocon either, but the balance in the country has shifted (and will carry on i have no doubt)
and for the main thread:
Email this morning of a past colleague in dire need of a job (mining IT Brisbane as well)
Sadly nothing I can lead him to, mining or otherwise.One more 100k of tax lost for that budget, and probably the next, trouble is he is not willingly doing it.
And mining IT is not restrictive, could work in industry finance as easily, there are just no white collar jobs.
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