05-18-2019, 09:05 AM
(This post was last modified: 05-18-2019, 09:19 AM by ElwoodBlues1.)
(05-18-2019, 08:45 AM)DJC link Wrote:Franking credits is a crazy idea. Why on earth would any government give taxpayers’ hard earned money to folk who don’t pay tax?
And I’m a self-funded retiree
We all want better roads, health services, education, etc but no-one wants to pay more tax. Stopping rorts like franking credits and negative gearing and making everyone pay their fare share of tax will provide the necessary funds.
Dont disagree but the big end of town get to keep theirs and the little self funded retiree gets whacked and pushed onto the pension, the big end of town will also move money into areas like REIT's that
have to pay 90% of profits by law to shareholders which include those credits and are usually higher dividend equities.
Its not going to bring the savings that Labor are saying it will...
Negative gearing changes will only make the govt richer and new landlords who will stick up rents to make up the lost money....poor renter will pay the price..