Rant Repeated (Budget)

Budget: Future Fund ignores real future planning

These comments are from the 2005 Federal Budget, but repeat my opinions from earlier years, which have not changed in relation to 2006, except to execrate even further the irresponsible population policy now being promoted, which isn't addressed directly in the comments here.
My main argument with the discussion I've heard so far is the almost total concentration on the aspects of tax rates & welfare — the stuff the politicians want you to concentrate on, and NOT on what is the most basic & of long-term importance. It raises the whole question "What is government for?" Luckily there are wed & exhausted populace, fearful of losing the pittance they work so hard for, because they know there's no support for their real policies. Why, for instance, is the only hard work that counts the work that gets you to a high-paying job? Many people work just as hard without that.
Back to the 1850s, not the 1950s (including attitudes to women as well as workers). I really have to struggle NOT to hate those people, but simply despise all their works.

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FORUM COMMENTS
What do you think of the 2005 Federal Budget?

www.smh.com.au/yoursay/2005/05/11/index.html (& previous pages)

Good to see those billions are not being wasted on developing sustainable industries, fixing the water crisis or addressing global warming.
It's reassuring to know that the country's being run by intelligent, innovative, forward-looking people!!!
Andrew Martin
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A "Reward greed, punish need" budget.
Most of us don't need a tax cut. What we do need is better infrastructure.
Keep the money and spend it on health, education and public transport.
bb
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So much for great economic managers. The government has acknowledged the massive skills shortage, but instead of investing in TAFE and universities, they are giving the money over to private enterprises to line their pockets. Australia has the education infrastructure just sitting there waiting for more students, but they don't have the funds to teach them. All because the Federal Govt resents State control of education. How pathetic!
andrew
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As a low income earner let me put it to you this way. It's all carrot and stick.

The wealthy need to be rewarded with more money to work more. There's the carrot.
The poor (and those on welfare) need to be punished in order to incentivise them to work more. There's the stick.

Any questions?
tssk

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Seems that most comments here are `what do I get?` This government has taxed us all to buggery, boasted that they haven't spent it and then give it back in tax cuts to make themselves look great. How about they spend the money today so we don't have to borrow it tomorrow.

Federal infrastructure projects or federal funding of state projects on such things as rail, water, telecommunications are paramount.

Additionally, proper funding of tertiary education must be restored (somewhere between 60 to 90 percent), tiered by year so that those who succeed to second, third and fourth years are given discounts, so they are encouraged to continue without paying for their degrees forever.

Unfortunately, this government and all their budgets are what most of the mug punters are after: a few bucks today and who gives a stuff about
tomorrow. I can't say the ALP would do better, just that we must demand better.
Bazza Jones
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This budget lacks an incredible amount of foresight. Australia is in desperate need of major infrastructure projects and health care reforms and what do we get, irrelevant tax reforms.
dgoods
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Short sighted and greedy. Like any other I will take a tax cut with both hands.

We will pay for it in the future though as our University and health systems cave in. As our Universities decay, Australia's research capacity will decline, in turn relegating us to an intellectual and economic backwater.

A budget our children will curse us for.
J Dalton
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Tax cuts are a waste of Government spending. Honestly, the extra $6 a week I'll get means nothing to me, but when you think of the pool of "surplus" money from which these tax cuts will be pulled - and the impact that this money could have when spent on essential services like health and education....

Why is the Government focussing on short-term rewards instead of the long-term care and support of its people? Why are we so gleeful about having a few extra dollars in our pocket? Are we all so short-sighted and blinkered by greed?
Ally B
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Has this country gone mad we have health system in need of desperate funds.
We have a road system collapsing and our country is dying from soil erosion.
Fix these problems first before giving money away to the rich.

The budget sucks
Greg Anderson
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I'm in line for very large tax cuts. However, if we are planning for the long term of this nation less tax cuts and greater spending on
infrastructure, education and direct job creation would be of greater benefit. Without this the only jobs that will be created will be unskilled with low rates of pay. If you want to get people off benefits you actually need to give them meaningful and rewarding things to do that give them the financial ability to improve their situation. Just cutting their pension is at best pathetic and displays the government hasn't got a solution.

If you want single mums to go to work legislate to make work place provided childcare compulsory. They legislated for the GST so why can't they do this? This does not cause a burden for the public purse and our companies are enjoying very large growth and profit so they can probably afford it. That would be an incentive. Furthermore, any tax cut I'm about to be given will be swallowed in interest rates rises in the next few years. What extra money isn't taken by interest rate rises will be spent on imported consumer durables (as we now import all of these) thereby making our current account deficit worse than it is (can it possibly get worse!!). This budget simply offers short term band aid solutions.
J Zycki
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I'd rather the Govt put more into infrastructure development than give a measly $6 a week tax cut, at least more would benefit and it wouldn't get eaten up by higher prices and fuel costs.
Matthew Gregory
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This is fantastic, I get an extra $40 per week so I can make payments on my freshly minted, imported plasma screen television. It's too bad about the crumbling education system and the shocking wait times for basic healthcare. None of that matters as long as I can watch Big Brother in high definition.
James
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Any tax cut will be swallowed up (and then some) by petrol price rises...
Not a single mention of energy or environment issues in this budget.
Peak Oil is coming
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It is appalling to realise how little care the Howard-Costello government extends towards those in our community who can least afford it, while they glibly make the rich get richer. The rich will barely even notice another hundred dollars in their pockets, whereas the poor will be hurting in ways that Howard and Costello could never imagine. The taxation measures outlined in the May budget mean that many lower income families will struggle to feed their children or keep a roof over their heads.

How will the Coalition meet the bill for the devastation of our society that this policy will cause? How will they pay for the upsurge of mental illness and crime that WILL increase as a result of this policy? Stealing from the poor to feed the rich is short-sighted in the extreme.
K Powderly
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A total wasted opportunity this government has no vision for the future. Nothing for roads, health, education or the environment. a pathetic budget
ricardo
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Bugger the tax cuts, fix the health and education systems. Centralise some portions of the systems if necessary.
Alan Smithee

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Tax Cuts - Squandering our Future [2004]

Australia is living off two great sources of capital laid down earlier, but we are not renewing or building them up - a bad sign for the future. The bulk of any 'surplus' should be re-invested in these, to help tide us over future difficulties.

One is our natural resources: fertile topsoil, clean fresh water, fisheries & so forth. Only recently I think there was an estimate of $10 Billion to restore them to function on a long-term, sustainable basis after the damage done over a couple of centuries.

The other is the massive public (& private) investment in our infrastructure: water & sewerage systems, transport (not just roads) for goods & people, energy generation & distribution, as well as health systems, education & other vital parts of our society's structure. Many were developed from mid-to-late Victorian times into the first half of the 20th Century, & have barely been maintained since.

Now we have a chance to repair & *improve* these, learning from earlier mistakes. This is what will give a good foundation for our descendants to improve their lives, instead of scraping by, regretting lost opportunity.

Like the mutual building sculpture above Martin Place showing how a man can't break the bundle of sticks bound together, though each could be broken with ease one-by-one, the point of government is to bundle together our money and effort to do the things that singly are very difficult (how many of us can buy or build a new train or hospital?). And private companies are run for profit, not to provide a service.

For instance, a well-built sustainable water collection, distribution & purification system will take some maintenance over time, but will last without huge extra investment. The same for improving energy or transport systems (eg fixing/rebuilding bridges or taking freight off roads, which reduces road damage bills). A big push into reforming (in the genuine use of the word) agricultural practices & land-use, or ways of building cities can lay a good foundation for centuries of advance instead of continuing decline.
An educated person might be lost to their particular profession, but it's not likely they'll lose all their skills, they may return to it, otherwise they'll probably go to a different, but still skilled & worthwhile job. I've lost my skills as a biologist & medical researcher over the last 20 years, but work in a useful skilled job in a different field (though I'd prefer to feel I was contributing more to society &/or the world).

If 12% of Australians are in the current top tax bracket, 88% are lower. The majority of us know that if we strike trouble - like my recent medical & family crises - we will need social support. Not just trustworthy & affordable health care, but someone to help the aged mother I care for, meals on wheels, community nurses who aided my convalescence, etc.

Even if you have help from family or friends, that other support stops the total ruination that you too often see in both the third world & the US when a crisis hits someone. That's why there's community support for spending on services - even if people doubt that spending will go towards what they most value.

There could be a lot more said on this, which I won't go into. EXCEPT to refute those who say: "You'll spend it all and we won't have anything left when there isn't any surplus." Note that I wrote about putting the investment into things, both physical & social that will stay.
AND: for the furphy about "Oh, these are State, not Federal issues".
Just where do the States get the majority of their funding? Most of the money is collected by States and by the Commonwealth, put into the "kitty", then split up & distributed, some via State, some via Federal, trickling down to Local government. Remember that fuss last year about NSW's share being cut? There are also several bodies which co-ordinate Commonwealth & States to look after particular issues either nationwide or like the Murray-Darling system or Great Barrier Reef.

Labels: budget, finance, politics, sustainbility

[permalink][comment] - posted by Mez @ 5/19/2006 01:20:00 am