What they said: 2014 – 5

The Drum:

The Grattan Institute has given us a much more sensible list of budget proposals than the Commission of Audit, and best of all, it hasn’t cost taxpayers a thing, writes Greg Jericho.

Greg Jericho:

All in all, the [Grattan Institute] report offers a much more sensible view of the Australian economy than present in the Commission of Audit. It also did not require the government having to spend $2.5m to get it.

The Grattan Institute:

Grattan began with a $15 million endowment from each of the Federal and Victorian Governments.

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30 Responses to What they said: 2014 – 5

  1. jupes

    Grattan began with a $15 million endowment from each of the Federal and Victorian LABOR Governments.

    Just to clarify.

  2. tgs

    They also receive their office space rent free from the taxpayer subsidised University of Melbourne.

  3. Andrew

    Greg Jericho is the main economics writer at The Guardian…say no more.

  4. Robbo

    The bugle of stupidity resides in Jericho.

  5. Senile Old Guy

    It notes that “budgets can only be balanced by looking at both expenditure and revenue”.

    And that, of course, means…increase taxes.

    The report also in its recommendations noted the masses of tax expenditures such as superannuation concessions, and argued that superannuation tax concessions be limited so that “only $10,000 a year can be contributed before tax, and those over 60 years old pay 15 per cent rather than no tax on earnings”. It also recommends broadening the GST to include food, health and education spending.

    Left wing ways of “fixing” the budget always involve raking in more tax.

  6. Dan

    LOL. So in 30 years of practicing my profession I would end up with an income of approximately $25,000 per year from super or $10,000 per year after tax.

  7. H B Bear

    Jericho is the Ben Pobjie of economics.

  8. Dan

    Sorry more like $21000 but still..

  9. tgs

    I posted a comment this morning pointing out that Greg’s claim was factually incorrect.

    It has not been published.

    Quelle surprise.

  10. .

    It also recommends broadening the GST to include food, health and education spending.

    This is the only “tax hike” I agree with – it assumes it is rational to spend your budget on time intensive commodities over goods intensive ones. This assumption is invariably wrong.

    However, the GST should never, ever be raised above 10%, not even in national emergency.

  11. Roger

    This is the only “tax hike” I agree with – it assumes it is rational to spend your budget on time intensive commodities over goods intensive ones. This assumption is invariably wrong.
    Que? The assumption behind the tax increase is invariably wrong, yet you agree with it?
    You’re making less sense than usual today, dot.

  12. custard

    However, the GST should never, ever be raised above 10%, not even in national emergency.”

    I agree. Broaden the base, raise the extra $$$$, and in return get the states to drop stamp duty and payroll taxes and give the taxpayer a tax cut as well.

    I sure the numbers will add up.

  13. gabrianga

    And the walls keep falling down. A “useful idiot” writing for fellow “useful idiots”

  14. .

    Roger

    The assumption behind the GST exemption (policy must preference time intensive commodities over goods intensive commodities) is wrong. Therefore I support ending the exemption.

    What a pain in the arse you are. You understood that entirely.

  15. .

    custard – I don’t care if they do. The political class can live within its means.

  16. manalive

    Category Archives: Hypocrisy of progressives socialists.

    ‘Progressive’ is cant for socialist or ‘left’.

  17. JohnA

    Dot #1295743, posted on May 7, 2014 at 1:50 pm

    It also recommends broadening the GST to include food, health and education spending.

    This is the only “tax hike” I agree with – it assumes it is rational to spend your budget on time intensive commodities over goods intensive ones. This assumption is invariably wrong.

    However, the GST should never, ever be raised above 10%, not even in national emergency.

    If they broaden the base to that extent, I would demand that the rate be dropped to 5%.

  18. egg_

    The bugle of stupidity resides in Jericho.

    The AGW go to guy on The Drum; their version of David Marr – an opinion on everything and knowledge of sweet FA.

  19. Sinclair Davidson

    I think you guys are being a bit harsh on Greg Jericho.

  20. .

    I would support the GST being cut to 5% if the budget was balanced, this would require responsible spending.

  21. Baldrick

    … it hasn’t cost taxpayers a thing, writes Greg Jericho.

    FactCheck:
    Well actually it’s cost federal and Victoria taxpayers $30 million.

    Verdict:
    Mr. Jericho is a dickhead.

  22. Cam

    The report also in its recommendations noted the masses of tax expenditures such as superannuation concessions, and argued that superannuation tax concessions be limited so that “only $10,000 a year can be contributed before tax, and those over 60 years old pay 15 per cent rather than no tax on earnings”. It also recommends broadening the GST to include food, health and education spending.

    Of course when the Howard Government suggested this the left screamed blue murder.

  23. Sir Fred Lenin

    In the present situation I am against any Tax increases,the answer to our financial is massive spending cuts.Abolish all quangos,the education and health departments in scamberra,scrap ndis,and gonski ,they were alp booby traps, privatise NBN and cease spending on it,if the alp crims “locked it in” with the help of the leftie lawtradespersons ,bring in a new law to negate the scam the alp crims left .Anyone with half a brain could find billions to save,abolish foreign aid and use the money to pay for border protectionand deporting undesireable migrants.Use themoney spent on cultimultural idiocy ,feminazicrap and the untidy nayshuns to build homes for Real Australian born young couples ,its not rocket science.just common sense.

  24. philip j. fry

    “it hasn’t cost taxpayers a thing, writes Greg Jericho.”

    hence its value, nothing

  25. Rob MW

    “I think you guys are being a bit harsh on Greg Jericho.”

    Bullshit Sinc. What part of the 75 year Union of Soviet Socialist Republics (USSR) economic and social experiment does Jericho not understand ?

  26. Ant

    Any list of budget proposals that don’t include massive, deep and permanent cuts to the useless, leeching army of public servants who contribute little to nothing to the economy and too often contribute impediments to the development and growth of private enterprise, can’t be taken seriously.

    I’m guessing this would mean that the Grattan Institute’s list should be pulped without anyone wasting the time to read it.

  27. MemoryVault

    Any list of budget proposals that don’t include massive, deep and permanent cuts to the useless, leeching army of public servants

    Sorry Ant, but pretty-much every budget brought down in my adult lifetime has contained a list of such proposals, and nothing has ever come of them.

    I’ve grown tired of proposals.
    Before I die I want to see the full wedding ceremony.

  28. Tel

    What a pain in the arse you are. You understood that entirely.

    I must admit I couldn’t understand it either until you went back over, and explained it a second time. After that I agree, making GST across the board 10% would simplify the system and by some miracle locking it down for all time would be ideal.

    After that, eliminate every other tax and call the job done.

  29. gabrianga

    “I think you guys are being a bit harsh on Greg Jericho.”

    May I suggest it’s all covered in our freedom of speech or thought?

  30. Andrew

    “I think you guys are being a bit harsh on Greg Jericho.”

    Never had an original thought that had a single milli-iota of merit, and hundreds that were either criminally negligent or outright treasonous. Not to mention hypocritical in sneering at the govt while proposing far larger tax increases.

    He’s basically Numbers but without even the single redeeming feature of that thing.

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