$950 RuddyRudd bonus - Your thoughts!

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thenosebleedkid
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by thenosebleedkid » 05 Feb 2009, 16:34

ScottyBoy wrote:
thenosebleedkid wrote:
ScottyBoy wrote: Its just that there is nothing tangable to show for it.
Sales jumped near to 4% after the last one :shrug:
yep and nothings changed
4% increase OVER LAST YEARS CHRISTMAS SALES (and nearly 6% over November) IS a big change, whether you'd like to admit it or not. 4% more sales is really quite tangible mate.

The handout isn't the majority of the package, investment in infrastructure makes up about 80% of the package which is more long term, steady employment and improvement, the handout is just to keep things real in the short term and maybe provide some help to those that truly need it. For those that don't it's money to burn that helps businesses stay in business.

Rick
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Rick » 05 Feb 2009, 16:55

I definitely think it will help to keep small businesses afloat, which I'd imagine are feeling the pressure right now.

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ScottyBoy
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by ScottyBoy » 05 Feb 2009, 18:29

sorry guys didn't mean to have my own opinion ( that was sarcastic by the way ) - we have just had a very stressful year (ie $$$) with losing of my wifes business. Just because you own a small business doesn't automatically mean you agree with the policy. As I said - it is my opinion and it aint flipant.

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Derek_L
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Derek_L » 05 Feb 2009, 18:54

Eh, I'm kind of half-half with it and against it. Of course this is not an issue I have hugely looked into, so of course I'm sure you can prove me wrong here.

I think it's good he's giving money to the people rather then trying to use 'trickle down economics'. But at the same time - this is the first time in 15 years the Austrlaian government has been in a surplus (of $10 or 15 billion, I can't remember) and he's already spent it all WHILE we are about to head into an economic crisis. It's good that he's giving money to the people but I mean really - how much is it actually going to stimulate the economy.. A lot of this money is just going to go straight to the big companys - the ones who your paying loans to. I don't really understand the point of saying "OH SHIT EKONOMIK TYMEZ R TUFF, save ur moniez doods" and then throwing money at them for them to spend?

I think Rudd is alrite.. He hasn't really done anything that I have considered that great (well he signed the kyoto protocol but that was some class A bullshit. Were allowed to increase our emissions by %5.. wtf eh?). He has made quite a few promises of money to programs that he did not fulfill in the latest budget (and of course, no body hears of it do they?). Sure he's got a great personality and shit, but it somewhat frustrates me when I talk to people with "Kevin 07" (or whatever year it was haha) shirts on and they can't even tell me what his foreign policy are. People need to stop voting their vales and start voting their interest.
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Aussie Mark
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Aussie Mark » 05 Feb 2009, 20:57

thenosebleedkid wrote:4% increase OVER LAST YEARS CHRISTMAS SALES IS a big change, whether you'd like to admit it or not. 4% more sales is really quite tangible mate.
Not really. How much have prices gone up since last year? That's called inflation. It's no surprise that sales revenues would be up compared to a year ago. Businesses have to recoup increases in wages, energy costs, raw materials, insurance, rent, etc. If any business can not increase sales by 4% per annum they would be out of business quick smart, as their costs would overtake revenue.

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Petebass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Petebass » 06 Feb 2009, 05:40

Derek_L wrote: But at the same time - this is the first time in 15 years the Austrlaian government has been in a surplus (of $10 or 15 billion, I can't remember) .....
Sorry Derek, not true. We had surpluses the whole time Little Johnny was in power. The thing to remember is this - even if Little Johnny was still in, we'd still have a deficit now, and it's not because the govt "spent it". It's because the money they were supposed to receive in taxes simply won't be there now that business profits are down.
Aussie Mark wrote: Not really. How much have prices gone up since last year? That's called inflation. It's no surprise that sales revenues would be up compared to a year ago. Businesses have to recoup increases in wages, energy costs, raw materials, insurance, rent, etc. If any business can not increase sales by 4% per annum they would be out of business quick smart, as their costs would overtake revenue.
This is true, but if we're going to go searching for positives in this crisis, there are 2:- Oil prices came down, and it stopped the upward pressure on inflation so interest rates came down.

The Inflation you're talking about has more to do with the exchange rate falling over, and that's directly related to the crisis. It means it costs businesses more to buy stock and for the most part they're passing the extra cost on, but they can only do that for so long, and they can only do that while they're still selling stuff - hence the need to keep people spending.
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jamiesdad
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by jamiesdad » 06 Feb 2009, 08:14

For those who want to work out if they are eligible (and have done their tax) ...

http://www.ato.gov.au/content/downloads ... 930NOA.pdf

Looks like the wife gets it (woo hoo) ... I find out if I keep my job at 4pm on Monday (fingers and toes crossed)
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PilbaraBass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by PilbaraBass » 06 Feb 2009, 12:24

I am not eligible...but that's OK....like I said before, it's a bonus just to see that smiling face on the TV...:)

(Anna Bligh still wants to pash him, ya know)
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Rick
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Rick » 06 Feb 2009, 15:11

I'm surprised that there's some dudes on here earning 80K plus. I can only dream of that! EDIT: Just noticed it's actually 100K! Are there seriously guys on here earning that? Wow.

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PilbaraBass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by PilbaraBass » 06 Feb 2009, 16:45

Rick wrote:I'm surprised that there's some dudes on here earning 80K plus. I can only dream of that! EDIT: Just noticed it's actually 100K! Are there seriously guys on here earning that? Wow.
Yes, I make $100K (just)...but seriously --with a wife, 3 kids, a mortgage, AND the wonderful australian tax structure, it doesn't go very far...ask me the last time $20 stayed in my wallet for more than 2 days...:)

not that I'm complaining...I love Australia, I love my wife, I love my kids...I'm blessed to HAVE a mortgage...and blessed to have a decent job...

by the way...my car? a '97 Suzuki Swift 'Cino ...runs great! :)
'98 Carvin AC40, '07 Squier JDAV, '91 P-bass, '96 Ibanez ATK300F, '15 Ibanez SR605
Kanye West wrote:My greatest pain in life is that I will never be able to see myself perform live.

Rick
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Rick » 06 Feb 2009, 17:05

Does your wife work? Just curious.

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Petebass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Petebass » 06 Feb 2009, 18:09

PilbaraBass wrote:
Rick wrote:I'm surprised that there's some dudes on here earning 80K plus. I can only dream of that! EDIT: Just noticed it's actually 100K! Are there seriously guys on here earning that? Wow.
Yes, I make $100K (just)...but seriously --with a wife, 3 kids, a mortgage, AND the wonderful australian tax structure, it doesn't go very far...ask me the last time $20 stayed in my wallet for more than 2 days...:)

not that I'm complaining...I love Australia, I love my wife, I love my kids...I'm blessed to HAVE a mortgage...and blessed to have a decent job...

by the way...my car? a '97 Suzuki Swift 'Cino ...runs great! :)
In my first year out of college, I worked for a Chartered Accountancy firm who pretty much specialised in Doctor clients (and petrol stations - weird mix I know). The doctor clients in particular were hard to deal with because when they saw their tax bill, they couldn't believe how much they'd earned given it didn't seem to go far. But when we got forensic and broke it all down, it became pretty obvious where all the money had gone. Nice car, nice house in a nice area, the kids went to good schools, their house was full of nice stuff, lots of holidays etc etc....

Mind you, they were earning a lot more than $100K. What's my point? Well, if people on more than $500K can't tell me where it all went, is it any wonder they walk around telling people that $500K doesn't go far. I'm not having a go at anyone, especially PilbaraBass who seems to appreciate life and seems to work hard for it, but you can see why someone has to draw a line in the sand and create a threshold for these handouts.

Mind you, when Japan did their handouts EVERYONE got money, yep even politicians, high court judges etc etc. I don't know the specifics of their economic woes so I can't comment on whether that was right or wrong. But you gotta admit it seems odd.
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Alistair R
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by Alistair R » 06 Feb 2009, 21:14

Kevin Rudd is crap. Bring back John Howard.
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PilbaraBass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by PilbaraBass » 07 Feb 2009, 16:10

Rick wrote:Does your wife work? Just curious.
she works...hard...but doesn't collect a salary...the kids are 7,5 & 2 and she home schools 2 and is 30 weeks pregnant...oh yeahhhh...she works! :)
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PilbaraBass
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Re: $950 RuddyRudd bonus - Your thoughts!

Post by PilbaraBass » 07 Feb 2009, 16:12

Pete,

I'm all for a cap...I don't think the tax structure is equitable, however...

47% upper bracket is just INSANE!
'98 Carvin AC40, '07 Squier JDAV, '91 P-bass, '96 Ibanez ATK300F, '15 Ibanez SR605
Kanye West wrote:My greatest pain in life is that I will never be able to see myself perform live.

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