how to fix the economy

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Cassa
Cassa
WA
1305 posts
WA, 1305 posts
14 May 2009 9:31pm
Instead of giving out billions of dollars to companies and holidaymakers who just happened to pay a little tax here then go home why dont we try this; we could call it the new retirement plan.
There must be at least 5 million people over 45 working.
Give them 1 million dollars each with the following stipulations ;
They must retire, 5 million job openings, unemployement FIXED
They must buy an Australian car , motor industry FIXED
They must buy a house, or pay off their morgage, housing problems FIXED
Pretty easy I recon ,!! If thats not enough get all those rich ba$stards to pay more tax to bring them in line with the comparative rate we pay.
Then if thats not enough get the mouth himself, Kev the man to put some of his and his wifes squillions, into the mix and live like us!! we have to manage
What do you recon????????????????????
Bertie
Bertie
NSW
1351 posts
NSW, 1351 posts
15 May 2009 12:12am
just piss off compulsory super for 5 years. every one will then have 10% more $$$ in their pockets to spend. Far better stimulation than a f'n handout.
If the super funds get their act together then ppl will keep investing with them anyway.
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
15 May 2009 12:13am
Cassa for PM!!!!!
j murray
j murray
SA
947 posts
SA, 947 posts
15 May 2009 6:26am
Casssa... Ive just tried to book an armored truck to pick up my pile, however i was redirected to Indian call center, couldn't understand the titillation [}:)]
FormulaNova
FormulaNova
WA
15105 posts
WA, 15105 posts
15 May 2009 7:17am
Cassa said...

Instead of giving out billions of dollars to companies and holidaymakers who just happened to pay a little tax here then go home why dont we try this; we could call it the new retirement plan.
There must be at least 5 million people over 45 working.
Give them 1 million dollars each with the following stipulations ;
They must retire, 5 million job openings, unemployement FIXED
What do you recon????????????????????


I know you're only mucking around, but I think you've just blown the budget! I think the Aus government is now using billion to mean 1000 million, so your 5 million people at $1million each is now $5000billion.

Mobydisc
Mobydisc
NSW
9029 posts
NSW, 9029 posts
15 May 2009 10:31am
The main problem would be a massive increase in the money supply so all the over 45's one million dollars would be worth around ten thousand of today's dollars and the workers would end up earning about $5 a week.


If I knew such a plan was coming I'd borrow as much money as i could in Australian dollars to buy assets that will hold their value such as real estate or foreign currency and then pay back my debts with the now worthless Aussie currency and then get out of Australia as soon as I could with everything I own in a foreign currency like the NZ dollar.



evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
15 May 2009 12:20pm
FormulaNova said...

Cassa said...

Instead of giving out billions of dollars to companies and holidaymakers who just happened to pay a little tax here then go home why dont we try this; we could call it the new retirement plan.
There must be at least 5 million people over 45 working.
Give them 1 million dollars each with the following stipulations ;
They must retire, 5 million job openings, unemployement FIXED
What do you recon????????????????????


I know you're only mucking around, but I think you've just blown the budget! I think the Aus government is now using billion to mean 1000 million, so your 5 million people at $1million each is now $5000billion.


Or 5 Trillion. Approaching debt levels of the U.S.
$5,000,000,000,000

Gizmo
Gizmo
SA
2865 posts
SA, 2865 posts
15 May 2009 2:19pm
What about remove ALL taxes on EVERYTHING , payrole, road tax, personal tax etc EVERYTHING ... and replace it with a 25% GST on ALL goods and services.
This would mean you ONLY pay tax when you buy something, the cash employment would stop as you wouldnt need to even do a tax return.
People would want to work and want to spend what they earn, and motivate the economy? ...... just a thought
FormulaNova
FormulaNova
WA
15105 posts
WA, 15105 posts
15 May 2009 1:07pm
Gizmo said...

What about remove ALL taxes on EVERYTHING , payrole, road tax, personal tax etc EVERYTHING ... and replace it with a 25% GST on ALL goods and services.
This would mean you ONLY pay tax when you buy something, the cash employment would stop as you wouldnt need to even do a tax return.
People would want to work and want to spend what they earn, and motivate the economy? ...... just a thought



That would only encourage more cash payments. People don't do cash work to avoid having to do their tax returns, they do it to avoid paying the tax on that income. A 25% GST would give more people more incentive to not declare income.

The guy that's offering to save you 10% by taking a payment in cash and not paying the GST is not really trying to save you 10%, he's trying to save himself something more like 50%. Encouraging more of that isn't going to help things much.
iansn
iansn
WA
22 posts
WA, 22 posts
16 May 2009 5:10am
HERE IS THE SOLUTION TO FIXING THE ECONOMY ITS SIMPLE!!!

It is August. In a small town on the South Coast of France, holiday season is in full swing, but it is raining so there is not too much business happening.
Everyone is heavily in debt.
Luckily, a rich Russian tourist arrives in the foyer of the small local hotel.
He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third floor.
The hotel owner takes the banknote in a hurry and rushes to his meat supplier to whom he owes E100.
The butcher takes the money and races to his supplier to pay his debt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased some time ago.
The farmer triumphantly gives the E100 note to a local prostitute who gave him her services on credit.
The prostitute goes quickly to the hotel, as she owed the hotel for her hourly room use to entertain clients.
At that moment, the rich Russian is coming down to the reception and informs the hotel owner that the proposed room is unsatisfactory and takes his E100 back and departs.
There was no profit or income.
But everyone no longer has any debt and the small townspeople look optimistically towards their future.

COULD THIS BE THE SOLUTION TO THE Global Financial Crisis? Or, is there a catch here?
j murray
j murray
SA
947 posts
SA, 947 posts
16 May 2009 9:05am
Iansn ...That would have to be "The Brian Burke Benevolent Bonking Banking Scheme" I think W.A. has already done that one, only thing different was that the Pro was chineeeese sorta bit-onits-side
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