It is the day after the budget so it is not surprising that a long conga line of morons has formed to spout idiocy, ignorance and incompetence.
And it should not surprise Cats to know that right near the front of this conga line of morons is that genius Peter Van Onselen.
TAFKAS does not know why he bothers, it always make him angry, but reading PVO in the Oz today ….
Worse still, the tax cuts favour high-income earners with someone earning $200,000 getting a benefit of more than $11,000 compared to a paltry $255 for someone on $35,000. This gives Shorten an opportunity to paint the tax cuts as unfair and the government as out-of-touch. Shorten doesn’t miss such opportunities.
Worse still! Worse still!
Let’s start with the fact that someone on a $35,000 annual income pays around $3,300 in income tax (~9%) and someone on a $200,000 annual income pays around $67,000 in income tax (~34.%). Let’s add in the almost certain likelihood that the person on $35,000 will be getting more than $3,300 in government benefits making them essentially net tax recipients (not payers).
How much of a tax cut should someone who does not pay tax get? Tell us oh Doctor Van?
Of course Shorten doesn’t miss such opportunities. He is an economic nihilist. The job of the media is to call him out for misleading and not set the foundations for it.