May 2, 2010

TAXING The Miners To Feed the Greedy

For Marginalised, homeless, low to medium income workers, the Rudd Federal Governments take on the Henry Report is a grotesque "feed the bankers" strategy - what we have come to expect from the Rudd - Abbott alliance.
 There is nothing in this Tax strategy which promotes home ownership,or specific investment in social housing . Instead, Federal government has kept the negative gearing applying to residential properties,keeping those people who buy housing to exploit renters for their own personal gain in the market - and excluding your children and grandchildren from the opportunity to own their own home.
 I have read with absolute contempt some Union Tops congratulatory remarks concerning super - or taking a proportion of the extra tax on miners, and placing it for the long term benefit of the approximately five super fund managers who actually benefit from super - they get all the benefits of your hard work now, not when they turn 70. And,by @KevinRuddPM s formula, this windfall Tax will last just long enough to fund the baby boomers retirement.I'd like younger generations to consider that as polling time draws near. Why should the most government pampered and exploitative generation ever, get the 1 off benefits of resources which rightly belong to all generations- including the great great grandchildren of Generation Y.

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