Q&A Forum: May 6, 2019

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110 Responses to Q&A Forum: May 6, 2019

  1. The BigBlueCat

    Bang! Who’s on?

  2. Pete of Perth

    Bill I want your money Shorten

  3. Konbanwa

    The bidding is open on the Shortfith McTits Fellatio Hour

    Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12

  4. Zulu Kilo Two Alpha

    24, please Carpe.

  5. Cpt Seahawks

    45 please Carpe.

  6. Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12
    ZK2A 24

  7. Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12
    ZK2A 24
    Cpt Seahawks 45

  8. The BigBlueCat

    Ah … Bill Shorten eh? The man who wants to be King! (Well, PM). I have had enough of his lies – I won’t watch. Snowcone will give him a free ride – I suspect interruptions will be low. Carpe – put me down for 8, but as I am nausea-averse I may not watch … we’ll see (or not).

  9. Vic in Prossy

    There won’t be many tonight.
    May I have 8 please,Carpe?

  10. Vic in Prossy

    There won’t be many tonight.
    May I have 8 please, Carpe?

  11. Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12
    ZK2A 24
    Cpt Seahawks 45
    Rob K 3
    The BigBlueCat 8

  12. Vic in Prossy

    There won’t be many tonight.
    May I have 8, please Carpe?

  13. Vic in Prossy
    #3006168, posted on May 6, 2019 at 9:24 pm

    8 is gone

    Sorry

  14. Vic in Prossy

    Whoops, 7 then please Carpe.

  15. Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12
    ZK2A 24
    Cpt Seahawks 45
    Rob K 3
    The BigBlueCat 8
    Vic in Prossy 7

  16. Mark A

    Thanks for keeping tab Carpe. I’m forever hoping my number comes in.
    Prosper.

  17. Megan

    I’m sticking with my regular 29. Given it’s the Labor Idiot In Chief, I suspect the interruptions will be in the single digit range but I am the eternal optimist and live in hope.

    I cannot watch. The television has begged me to spare its life.

  18. Thanks for keeping tab Carpe. I’m forever hoping my number comes in.
    Prosper.

    My pleasure

    those arseless chaps want to get won.

  19. Ok troops

    Snowcone blows Manboobs McShortfilth hour.

  20. duncanm

    I hope Snowcone has his kneepads on. Wouldn’t want to get a work injury.

  21. Cpt Seahawks

    I’m going to count… We all agree……Australians all know.

  22. Cpt Seahawks

    I’d like a sevenf property.

  23. RobK

    Bill conflates a tax deduction with subsidies.

  24. moobs thinks tax paid when you don’t have to is a “subsidy”

    Sweet cheeses on a bicycle.

  25. Cpt Seahawks

    Hmm, but the company pays income tax on behalf of the share holder when it does.

  26. RobK

    It’s gonna be a long night.

  27. Moobs doing the Creflo A Dollar prosperity preaching.

  28. Cpt Seahawks

    The Curiosity Show; Guest starring Professor Bill.

  29. RobK

    Bill’s new word “co-orated”, as in dental health is co-orated to general health.

  30. This isn’t a stacked audience

    No really, honestly

  31. Buzzword bingo – take 2 points for sustainably

  32. Cpt Seahawks

    Flapping around like a hooked gannet.

  33. Next questioner quates the Gratten Institute

    aaaaahahahahahahahahaha

    Dumbarse

  34. RobK

    Housing cost question. His parents had cheaper housing.

  35. Never trust a man in a charcoal suit with a pink tie

  36. Cpt Seahawks

    Dumbass
    Noun

    1. Someone who attempts to be a smartass but is too dumb to actually succeed.

    2. Someone who holds a stupid, illegitimate or completely baseless opinion with a perplexing amount of self-righteousness.
    Guy 1: I think it might be time to have that compound fracture looked at by a doctor dude.
    Guy 2: Nah the problem would get compounded Lol
    Guy 1: WTF? You are such a dumbass.

    Carpe fact check: TRUE

  37. Cpt Seahawks

    Does the law change on other geared investments?

  38. RobK

    Bill’s word is subsidy. I wonder how he sees renewables.

  39. Cpt Seahawks

    A deduction on an investment holding cost is now a subsidy.

  40. Cpt Seahawks

    Labour Gov in WA has capped wage rises. Biggest employer in the state.

  41. This is just pathetic

    Soft ride for a soft cock.

  42. Peter Castieau

    53 please Carpe

  43. Shortfilth is goning to reward companies for hiring older people

    or else.

  44. duncanm

    Soft ride for a soft cock.

    Surely Snowcone can fluff?

  45. Interruption Lotto

    Carpe 56
    Beer Whisperer 42
    Mark A 32
    Pete of Perth 12
    ZK2A 24
    Cpt Seahawks 45
    Rob K 3
    The BigBlueCat 8
    Vic in Prossy 7
    Custard 53

  46. Moobs unpopularity

    No answer from man boobs

  47. Moobs still can’t understand that when you pay a tax and don’t have to , getting your own money back is not a subsidy or a gift.

    you slack jawed retard.

  48. Cpt Seahawks

    Compulsory super didn’t come in until the nineties, heaps of current retirees don’t have much.

  49. Cpt Seahawks

    They sacked the old experienced aged care workers and replaced them with Africans. Africans who were paid $10 less an hour and by the way didn’t want to do the job properly and still don’t. Now raise the pay? This is so evil.

  50. Shortfilth getting called on his derision of the Trump God King

  51. Caveman

    Im going to be professional….what a limp wristed shit response..no doubt crowd goes wild.

  52. RobK

    Strained applause for Keating compliment.

  53. Which does shortfilth like more China or USA

    Jesus what an obfuscating douchenozzle

  54. Cpt Seahawks

    Wow, no he diddun.

  55. The renewballs – we’ll all be rich and

    Jesus wept.

  56. RobK

    Now carbon is evil.
    Bill doesn’t know either the cost or the benefit of his policy. He thinks his actions on warming will do something positive.

  57. Cpt Seahawks

    Shorten called Jones dumb, knuckle dragging cave dweller for asking the question about the cost of climate.
    So the cost is…..how much you got?

  58. This is just friggin sad

    Oz you are screwed

    Run, run overseas, run to a third world shithole you will probably be better off

  59. Real Deal

    Speaking of buzzwords has he mentioned Socialism yet?

  60. Cpt Seahawks

    Run, swim fly. Get out!

  61. the not very bright Marcus

    Tuned in late …. seen too much….. phuk I hope this guy doesn’t get in ..could not stand hearing him for next 3_to 4 years

  62. Cpt Seahawks

    My mental healf is not good watching this situation.

  63. RobK

    Bill tackles cancer and suicide rates (cos these are big federal government issues).

  64. the not very bright Marcus

    It’s the vibe ….it’s Mabo

  65. RobK

    Bill sez Pat Dodson is the father of reconciliation.

  66. Equalidy!!!!

    God save you

    you people are screwed.

  67. RobK

    Bill can ramble on, and on, and on.

  68. The Gig economy

    Welcome to South East Asia

    Get used to it when you have no skills.

  69. Pete of Perth

    We are on the way to becoming the white trash of asia

  70. RobK

    Bill the unionist is sneeking out from behind the mask of the gig economy.

  71. Cpt Seahawks

    I welcome my Chicom oppressors and my more virtuous Aussie lifestyle.

  72. Zulu Kilo Two Alpha

    Bill sez Pat Dodson is the father of reconciliation.

    Pat Dodson has done more to contribute to the total and utter failure of reconciliation in this country then anyone else.

  73. Moobs is a working class boy – who went to a $28K A YEAR PRIVATE SCHOOL

  74. RobK

    Good grief. This is painful.

  75. Cpt Seahawks

    The YouTube stream actually came on tonight. 15 minutes early.

  76. mh

    Bill’s mum was a cleaner.

    Bill cannot put that right.

  77. Interruptions came in at 9 more than i thought the little shit would get.

  78. RobK

    There should be interuptions galore next week with Birmingham, Plebers and di natale.

  79. duncanm

    Jeez – it must have been bad. No fluff pieces in the media this morning about tit’s performance.

    Forgettoried.

  80. Zulu Kilo Two Alpha

    Bill Shorten attacks ‘pack of liars’ in Morrison Government
    Rohan Smith, news.com.au
    a minute ago

    It took Bill Shorten less than 10 minutes to label the Prime Minister and his government “a pack of liars”.

    But the Labor Leader was quickly on the receiving end of an unexpected low blow from a member of the Q&A studio audience.

    “Mr Shorten, you’ve been Opposition Leader through Abbott, Turnbull and Morrison, but you have consistently lagged behind these men in preferred PM polls,” audience member John said.

    “Can you give a frank and candid answer as to why you have proved to be so unpopular with the Australian public?”

    The question clearly took Mr Shorten, and the rest of the audience, by surprise.

    “Good evening to you too, John. Thanks,” Mr Shorten said, to laughter from the audience.

    The question is very forward but it’s one that has plagued the Opposition Leader. He offered an answer but he never really addressed it.

  81. vlad

    https://www.vicbar.com.au/news-events/obituary-dr-ann-rosemary-shorten

    Bill’s mum the battler: school principal, Senior Lecturer at Monash, barrister for six years, co-author of a Butterworths law textbook.

  82. Biota

    Well Shorten certainly shortened this Q & A thread!

  83. Roger

    It took Bill Shorten less than 10 minutes to label the Prime Minister and his government “a pack of liars”.

    Politicians lie like birds sing, Bill. You ought to know that.

  84. a happy little debunker

    Why are we not hearing any queries as to why Labor wants to restrict ‘negative gearing’ (on residential investments, only) & the cash grab from franked credits (vs unfranked credits)?

    For example – why the difference in ‘tax treatment’?
    Where I borrow $50000 from my bank and purchase unfranked shares – why can I claim the expenses associated with the loan (just like negatively geared properties), whilst not (necessarily) paying 30% on any dividends?

    Also, please correct me if I am wrong in my presumptions – because this seems an unprincipled tax grab.

  85. duncanm

    debunker… check Bill’s explanation

    .. you can still keep claiming a loss and claiming credits for the loss you make on your property investment if that’s what you currently do.

    What we’re saying is on January 1 in 2020, new purchases of existing housing won’t be able to claim a Government subsidy.

    So we’ll grandfather the tax deductions, but we won’t allow future subsidies.

    The language has been very carefully chosen for spin.

    What a peanut.

  86. a happy little debunker

    Thanks duncanm,

    But that still doesn’t explain why Labor’s ‘negative gearing’ policy will only tax residential investment differently vs all other ‘negatively geared’ investment.

    Nor why the differing tax treatment between franked and unfranked dividends.

    Or are they not considered ‘subsidies’?

  87. The BigBlueCat

    a happy little debunker
    #3006591, posted on May 7, 2019 at 10:40 am
    Why are we not hearing any queries as to why Labor wants to restrict ‘negative gearing’ (on residential investments, only) & the cash grab from franked credits (vs unfranked credits)?

    For example – why the difference in ‘tax treatment’?
    Where I borrow $50000 from my bank and purchase unfranked shares – why can I claim the expenses associated with the loan (just like negatively geared properties), whilst not (necessarily) paying 30% on any dividends?

    Also, please correct me if I am wrong in my presumptions – because this seems an unprincipled tax grab.

    Bill wants to create multiple taxpayer classes for the same class of taxable income. When he calls the tax refund a “gift” or a “subsidy” he is lying in both cases. By calling it a gift, he is making a claim that the money is the government’s money. Same with calling it a subsidy – he’s making a statement that the government is giving you something in retrun for nothing.

    What he is conveniently and maliciously ignoring is that the taxpayer has had tax withheld from the dividend he has received. For a $70 fully franked dividend, $30 has been withheld from the full amount that might otherwise come the taxpayer’s way (which is $100).

    Of course, those with other taxable income get the cash benefit of the franking credit – their tax liability is reduced by the franking credit amount. But those with no other taxable income will lose the franking credit, because Bill and Chris say they have not paid tax. But they have, through the withholding the company has made.

    Bill and Chris want these low income investors pay tax on their dividends at the company tax rate, while others get to reduce their taxable income (yes, I know, some will be paying more than the 30% based on their taxable income). But in essence, Bill wants the shares inside an industry super fund where his crony union mates can control the quantum and hoover off as many fees as they can.

    I think the Australian taxpayers should be very concerned – not just those who will be directly impacted by this – it’s showing that the ALP disdain anyone who wants to be free of government interference in their (financial) lives, and the ALP will do anything they can to drive people into union-controlled financial institutions. There are many people who rely on their franking credits (as evidenced by the many people who have asked Bill and Chris the exact same questions).

    People who seek to be financially independent of the government should not be punished by a vengeful alternative PM and his Treasurer. Given the opportunity, they will apply the same logic to all negatively-geared asset classes – investment property is but the start of their plan to extract (extort?) more taxes to pay for their economic program.

    You can forget about any surpluses under a Labor government.

  88. duncanm

    a happy little debunker
    #3006686, posted on May 7, 2019 at 12:21 pm
    Thanks duncanm,

    But that still doesn’t explain why Labor’s ‘negative gearing’ policy will only tax residential investment differently vs all other ‘negatively geared’ investment.

    Nor why the differing tax treatment between franked and unfranked dividends.

    Or are they not considered ‘subsidies’?

    Don’t try to make sense out of any of it – as BigBlueCat says – its all about perception and targeting classes of people.

    Of course its bullshit, there’ll be nothing stopping anyone from forming a small company which invests in assets for me (shares, property), and through which I can deduct my investment expenses.

    He’s relying on voter ignorance on the franking issue – and winning. I even have to argue it with ‘smart’ friends who just don’t happen to understand what the financial terms actually mean, or what Bill is proposing.

  89. duncanm

    More interestingly on the franking issue; maybe a finance cat can enlighten me; will companies be able to issue their dividends without tax being paid on them, so that low-income shareholders avoid Bill’s new ‘subsidy’ war?

    .. or is there some other tax law which prevents that ?

  90. Zulu Kilo Two Alpha

    He’s relying on voter ignorance on the franking issue – and winning. I even have to argue it with ‘smart’ friends who just don’t happen to understand what the financial terms actually mean, or what Bill is proposing.

    He’s also relying on the “politics of envy” – if you have a share portfolio, and franking credits, you must be “from the big end of town.”

  91. duncanm

    .. or am I just thinking of unfranked dividends ?

  92. Insert witty name here...

    @duncanm you are and they can, and then all the money ends up in the low income tax payers hands.

  93. vicki

    My God, Israel Folau has been found guilty of the Code breach by the 3 person panel.

    Wonder if there is any channel or appeal?

  94. vicki

    The Folau decision is running on Sky as a by line, but not yet anything on the internet.

  95. vlad

    B.S. himself is from the big end of town.

  96. Habib

    Walked up Middle Head Rd this afternoon to Mosman, and there were a number of Steggall posters and one Labor one adorning front fences, none for Abbott. I’m no fan of the liberal party, and see them as little different than the ALP/green collective, but how the fuck do these imbeciles accumulate enough wealth to live Harbourside on the north shore? The sole retarded descendant of family fortune? If anyone is going to be hosed by these marxist maggots it’s these peanuts. They may think they’re insulated, but it’s the kangaroo kulaks who’ll get income redistribution good and hard. They deserve no less.

  97. The BigBlueCat

    duncanm
    #3006803, posted on May 7, 2019 at 2:52 pm
    More interestingly on the franking issue; maybe a finance cat can enlighten me; will companies be able to issue their dividends without tax being paid on them, so that low-income shareholders avoid Bill’s new ‘subsidy’ war?

    The problem is that companies have to pay tax on taxable come, and dividends are allocated from after tax profit (earnings after interest and tax). Unless there is a mechanism to pass the tax burden onto the shareholder, the company is still liable for tax, which becomes a negative cash flow and therefore restricts how much cash the company can distribute as dividends.

    If the ALP manages to pass legislation that impacts franking credits, I wonder if there could be a high court challenge on the basis of treating certain people unfairly. Never forget that the tax paid by the company should be rightly considered tax withheld from the shareholder – for foreign investors this is how it is treated. Maybe a tax lawyer cat (or constitutional lawyer cat) can wade in on this.

    .. or is there some other tax law which prevents that ?

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