Day 7 of a broken promise

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63 Responses to Day 7 of a broken promise

  1. Infidel Tiger

    I absolutely guarantee you will be out of office by 2016 at the latest Tone if you proceed with this folly.

    Don’t lie to us, you swine of a man.

  2. Rabz

    Excruciating.

    His very own “There will no carbon tax under a government I lead” moment.

  3. Senile Old Guy

    CCI is warning against any tax hike, saying it breached an election commitment. Releasing ACCI’s latest business expectations survey, acting chief economist Burchell Wilson said the levy would create a disincentive to investment and employment, and damage business and consumer confidence. “A debt levy is poor policy, it’s ill advised,” he told reporters in Canberra.

    KPMG analysis indicates the introduction of a levy for the wealthiest Australians to repair the budget would make Australia the eighth-highest taxed nation in the OECD.

    Bill Shorten told reporters he appreciated Tony Abbott’s early birthday present, “It’s very generous, even if he is getting other people to pay for it.”

    Cabinet ministers are also reserving the option to completely scrap the idea before the budget is handed down on Tuesday next week.

    I may have made some of that up. Link: may be paywalled.

  4. Infidel Tiger

    I was pretty sure Abbott was a brilliant politician after he disposed of 3 PMs. Turns out he is Chauncy Gardner’s retarded brother.

  5. Fisky

    This daily broken promise update is very exciting. It’s been 7 days now. We seem to be building up to something, but what exactly? I confidently predict calls for Abbott’s execution by Day 14 at the latest, and his actual execution to be carried out by Day 21.

  6. .

    Brilliant stuff Professor.

    Keep on doing him slowly.

  7. miney

    Not much to say really if the tax hits the very top wage earners the ones on the lower wages will not care.
    The ALP and left supporters always complain that the rich do not pay enough tax now Tony Abbott will change that by introducing the levy.
    That will put the lefties in a bind as they try to defend a tax or levy on the rich and tell the voters why the wealthy should not pay it.
    The left will look like hypocrites

  8. JC

    Aren’t you guys a little tough on our Tony?

    Lol..

    What a hypocritical asshat.

  9. Please _ I just wish to ask a question -
    In late 2002 – ANU had 9% of the ASX listed Geodynamics GDY -
    3 The Australian National University 2,608,186 9.02
    they were #3 on top 20 holders list -
    https://au.finance.yahoo.com/echarts?s=GDY.AX#symbol=GDY.AX;range=my
    - does anybody know the approximate history of that shareholding ? Would be fascinating to know to what extent ANU participated in GDY capital raisings.
    Is ANU still in there holding GDY ?

  10. JC

    Wazah

    Email and ask them. Tell them you’re a journalist and would like to know… An investigative journalist too.

    I wonder if that fat idiot chubby had anything to do with the investment. Ask that too.

  11. outsider

    The policy appears to be under threat of execution by the back bench. Abbott is still working the angles however: “get Labor’s debt and deficit disaster under control”…you have to wonder who they are hoping to fool, given they ticked all the liars’ big $$ programs into the critical out years, and threw a lazy 5-6 billion PPL-bound dollars on the bonfire for good measure. Each year, every year.

    Here is a clue: how about get out and explain how high income earners produce wealth, at least as a counterbalance to the Gina-mania run by the alp/greens. Most people think ‘the wealthy’ are stealing from them, and Abbott just threw petrol on that thinking. And who dreamed up the $80k entry point for the new tax?

  12. .

    miney
    #1292735, posted on May 5, 2014 at 4:25 pm
    Not much to say really if the tax hits the very top wage earners the ones on the lower wages will not care.
    The ALP and left supporters always complain that the rich do not pay enough tax now Tony Abbott will change that by introducing the levy.
    That will put the lefties in a bind as they try to defend a tax or levy on the rich and tell the voters why the wealthy should not pay it.
    The left will look like hypocrites

    WRONG

    Abbott has revealed himself as a Fabian wolf in conservative sheep’s clothing.

  13. JC

    Wazah

    Will Steffen is on that ridiculous climate council, so there’s an ANUBIS connection with the flannery. It would be really interesting to find out how the ANU was caught up in that heist.

  14. .

    Can Governor General Pilate Cosgrove wash his hands already?

    Barnaby! Barnaby!

    Hmmm..he’s probably backed this utterly stupid levy idea as well.

  15. Ubique

    Labor/Greens are desperate for the Government not to impose any sort of impost on the well-off. The narrative they want to run is that Abbott is slashing the budget with the working and middle class bearing all of the pain while the “millionaires” get off scot free.

    To counter that the Government must find a way of showing that everyone must contribute. The proposed debt tax/levy is aimed entirely at that. The revenue that might flow from it is of no consequence. The task is difficult, but to abandon the notion of the well-off contributing to the restoration of a sound national balance sheet will play straight into the hands of Labor and their bedfellow Greens.

  16. JC

    Unique

    Bullshit. Let the Liars run on higher taxes campaign.

    Let them run on reintroducing the carbonic tax and higher income taxes. The libs should cut the Liars spending.

  17. Dan

    People earning >80k are not the very top wage earners. They would include a LOT of blue collar workers (the hardest working ones). What are they trying to win, the DSP vote?

  18. .

    To counter that the Government must find a way of showing that everyone must contribute.

    Mind blowingly brain-dead.

    Maybe that’s the narrative – but who thought this shit up needs to be fired and have their entitlements reviewed.

  19. Fisky

    People earning >80k are not the very top wage earners. They would include a LOT of blue collar workers (the hardest working ones). What are they trying to win, the DSP vote?

    Abbott’s re-election strategy is pitched entirely at Level 2 public servants, part-time uni lecturers, and Steve from Brisbane. You can’t beat our Tony for smarts!

  20. Fleeced

    Abbott has revealed himself as a Fabian wolf in conservative sheep’s clothing.

    Fleeced again…

  21. WRONG

    Abbott has revealed himself as a Fabian wolf in conservative sheep’s clothing.

    Two words.

    Malcolm Fraser.

  22. Fleeced

    I still can’t believe they’re pursuing this. Hockey (aka Staples) is a total dumbfuck, and Abbott a complete and utter softcock for following him into it. There is so much noise being made that he may yet dump it, but it’s obvious some damage has already been done, even if he does (though not as much as there will be if he stubbornly pushes ahead)

    The Gillard and Swan vids of “No carbon tax” should have been able to get mileage for another whole term, at least. Abbot’s gone from a possible four-termer, to looking like a two-termer (Two-term Tony! Alliteration!) at most. A massive waste of political capital – and with PPL and his silly aboriginal recognition thing to come, more political capital is yet to be squandered.

  23. James

    Come on guys, we all suspected he’d was an idiot deep down.

  24. Senile Old Guy

    The proposed debt tax/levy is aimed entirely at that. The revenue that might flow from it is of no consequence.

    Ya think? Talking about coming in late and badly briefed. This was obvious, and obviously stupid, from the day the “leaks” first occurred. This is the Day 7 thread; all that was discussed on Day 1.

  25. outsider

    They just need to trot out the tax contributions of each quintile or decile in income earners – child’s play and effective for anyone who responds to reason – which admittedly narrows the field somewhat.

    And point out that increasing the tax burden acts a brake on econ growth, so they are going to cut programs instead – show info that supports this strange concept, use the data in Bob Day’s speech, which was poorly reported (of course).

  26. entropy

    To counter that the Government must find a way of showing that everyone must contribute.

    Ubique. That only makes sense if you allow the left to control the narrative. Well, the left and some absolute braindead numpty in Hockey’s office.

    Bottom line: the only people that will care about some imaginary world where anyone over $80k pa does not pay their fair share would never, ever vote liberal anyway. The people over $80k are the people that actually pay!

  27. Eddystone

    I’m starting to warm to this deficit levy.

    Paying it will go some small way to atone for me being a baby boomer.

  28. Gab

    Chauncey Gardner. our Tone? Nah, I think he’s more the Steven Bradbury of politics.

  29. Senile Old Guy

    I’m starting to warm to this deficit levy.

    Paying it will go some small way to atone for me being a baby boomer.

    Good point! I can feel the guilt fading away.

  30. egg_

    Cripes, looks like Tone’s wearing an eye patch per No. 2 (Austin Powers) – what’s Staples role – NOT-mini-Me?

  31. stackja

    The ALP is enjoying all this.

  32. MemoryVault

    I’m starting to warm to this deficit levy.
    Paying it will go some small way to atone for me being a baby boomer.

    Good point! I can feel the guilt fading away.

    Tell you what guys, just send it to me instead.
    I’ll email you a Certificate of Absolution each month that you can print out and hang on the wall.

  33. JC

    The ALP is enjoying all this.

    They should. Stop forgiving these arseholes.

  34. MemoryVault

    The ALP is enjoying all this.

    Well, it’s comforting know at least somebody is.

  35. egg_

    Abbott’s re-election strategy is pitched entirely at Level 2 public servants, part-time uni lecturers, and Steve from Brisbane. You can’t beat our Tony for smarts!

    Bizarre – did they use a dartboard to determine it or what?

  36. stackja

    JC
    #1292865, posted on May 5, 2014 at 6:14 pm
    The ALP is enjoying all this.
    They should. Stop forgiving these arseholes.

    I do not like the ALP! I will consider forgiving the ALP when the ALP Party is disbanded.

  37. Anne

    Wasn’t it Chance the Gardener? (Being There)

  38. Baldrick

    Instead of calling it a ‘Debt Levy’ TA should rebadge it as the Rudd, Gillard, Swan Tax – RGST.

  39. Turtle of WA

    Didn’t this happen in the UK?

  40. JC

    I do not like the ALP! I will consider forgiving the ALP when the ALP Party is disbanded.

    You would have to be demented to like the Liars Party. My comment about “forgiving these arseholes”, was referring to the Libs.

  41. Turtle of WA

    The ALP is enjoying all this.

    Well, it’s comforting know at least somebody is.

    I can make you wince worse than that. David Marr is enjoying this.

  42. Two words.
    Malcolm Fraser.

    Bingo Philippa.
    He’s known as “WTF” (Worse Than Fraser) for a reason.

  43. stackja

    JC
    #1292917, posted on May 5, 2014 at 6:52 pm
    I do not like the ALP! I will consider forgiving the ALP when the ALP Party is disbanded.
    You would have to be demented to like the Liars Party. My comment about “forgiving these arseholes”, was referring to the Libs.

    At the moment we have a two-party political setup. As Australia has since Federation as I remember. There is a ALP and a non-ALP you have work with this.

  44. Notafan

    Mr Abbott has a crush on Van Badham and the deficit levy is his desperate attempt to gain her love.

  45. Turtle of WA

    You nailed it Philippa. Here I was just thinking it was a Malcolm thing.

  46. calli

    Here I was just thinking it was a Malcolm thing.

    Could be an Oxford thing.

  47. squawkbox

    I’m wondering if Abbott has a martyr complex. Perhaps being popular makes him uncomfortable, and he prefers to see himself as persecuted and misunderstood, yet still doing what he believes to be right despite all opposition. Look at the way he put up with TLS’s misogyny nonsense for so long.

  48. 2dogs

    I’m hoping that Abbott is playing a political ruse with this debt tax.

    The ruse would involve identifying every “why didn’t you do x?” question which might be thrown at the Libs at the 2016 election. For the debt tax, the question would be why they didn’t address the debt by increasing taxes on the rich.

    In response to each such question, the Libs would be introducing a policy to parliament before 30 June.

    The ruse assumes that the ALP is a philosophy free zone of partisans, who will oppose all of these measures, regardless of merit, for no reason other than political point scoring. Certainly this assumption is proving accurate.

    So all of the measures get rejected by the senate.

    When 2016 rolls around, the “why didn’t you” questions get asked, leading the Libs to point to the ALP’s actions every time. The ALP ends up copping the blame for the everything.

    It’s an interesting strategy, and a well deserved punishment for a political opponent that ultimately stands for nothing. If the ALP had principles, the ruse would not work.

  49. Turtle of WA

    You avoided the ‘C’ word squawkbox. Wise.

  50. Splatacrobat

    What ever happened to all the bullshit slogans like “government should live within it’s means”?
    It’s the Government’s debt, not mine. They should be cutting their coat to suit the cloth not take the lining out of the customer’s trousers to make a matching tie.

  51. Combine_Dave

    In the context, I’d rather vote Liberal even after a debt tax than Labor.

    Doesn’t mean I won’t express my displeasure at the stupidity of such a policy and my certainty that it will cost them the next election.

  52. blogstrop

    Doesn’t mean I won’t express my displeasure at the stupidity of such a policy
    Yeah, that has been obvious.

  53. Tel

    I will consider forgiving the ALP when the ALP Party is disbanded.

    I think that after any man or woman has served fair time in prison for past mistakes it is at least reasonable to offer them a second chance. Especially for white collar crimes.

  54. blogstrop

    To educate, entertain and inform perpetually swinging voters.

  55. .

    Splatacrobat
    #1292965, posted on May 5, 2014 at 7:18 pm
    What ever happened to all the bullshit slogans like “government should live within it’s means”?

    Went the way of “personal responsibility” and “freedom”.

  56. Tel

    There is a ALP and a non-ALP you have work with this.

    Preferences m’boy, learn how to use ‘em. The Goobers don’t have any, but we do, so make the most of what yer got.

  57. Bruce K

    Andy Semple calls the ” debt levy ” the LEMON levy ( Labors Economic Mismanagement Of the Nation ).
    Maybe those commenting on it should be called FUDruckers ( Fear, Uncertainty, and Doubt ).

  58. jumpnmcar

    Well, the science is in and the computer model predictions [ 8 days to go ] along with media agree and Catallaxy.

    We are in for a CAGW budget.
    ( Catastrophic Abbott Government Waste )
    or ( Cruel Abbott Gouges Welfare )

    He can’t win.

  59. cohenite

    does anybody know the approximate history of that shareholding ? Would be fascinating to know to what extent ANU participated in GDY capital raisings.

    GDY’s capital raisings largely consisted of obtaining a $90 million from that mad bastard Rudd.

    ANU is no longer a major shareholder of ANU, or at least a major shareholder.

    Geothermal energy is workable in places like Iceland and New Zealand or wherever the crust is thin and the magma is basically at the surface. The down side is earthquakes, the odd volcano and such things. In Australia the crust is thick, the rocks are deep and water which is sent down to be turned into steam recondenses on the way up and the journey is so long the hot steam and water actually releases large amounts of CO2 sequestered in the surrounding bedrock.

  60. cohenite

    ANU is no longer a major shareholder of ANU, GDY or at least a major shareholder.

  61. egg_

    To educate, entertain and inform perpetually swinging voters.

    Critique of a Party that appears to be taking brand loyalty for granted?

  62. On 9 Sep 2003 ANU trimmed their holding in Geodynamics to 5.5% from 6.9%.
    In subsequent capital raisings by GDY their share might have dropped below 5% – but I have not seen a substantial shareholder notice from ANU lodged with the ASX noting that event.
    Last year I combed all GDY ASX releases and listed Govt grants and capital raisings/share placements.
    http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=GDY
    Govt grants tallied $107mill while capital raisings were $221mill – all since 2002.

  63. Andrew

    I’ll email you a Certificate of Absolution each month that you can print out and hang on

    Will it be tradeable?

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