robo

Is this a parody account. Dan Andrew’s was an economic terrorist inflicting terminal damage on Victorias economy and fiscal position which will be felt by generations to come . And it won’t be limited to Victorians as the rest of the country has to bail out Victoria when their debt profile becomes unmanageable by the end of this decade. That fact is locked it

Brilliant news re Dan Andrews statue. It is a simple fact that it is @jeff_kennett idea to immortalise the former premier. Very well deserved for fmr Premier Andrews; the best and most effective premier we had had in Victoria.

@TheKouk There’s a shock every lib policy and every alphabet policy genius. Your views are useless Kouks

Opposition leader Angus Taylor is promising, if elected, to index income tax scales to the inflation rate. This is not a good idea. For example, if inflation was 2.5%, the level at which a worker moves from a tax rate of 30% to 37% is lifted from $135,001 to $138,376. They are automatic income tax cuts in line with inflation. If inflation is 5%, as it is not, that tax scale would rise from $135,001 to $141,751. A huge rise and a huge tax cut at a time when inflation is ripping along. The problem with such a scheme is clearly that it is pro-cyclical. In an era of high inflation and an overheating economy, the rise in the tax scales will be big which gives large income tax cuts to the workforce. This would see the policy working against the RBA's anti-inflationary stance in this example. Interest rates would be even higher as a result. The proposal would make it much harder for the RBA to meets its inflation target and / or will require much greater volatility in interest rates as the RBA fights to offset the pro-cyclical nature of the the indexation of tax scales. And it costs a fortune - a chunky $23 billion in 4 years. youtube.com/watch?v=PaSZG2…

@HS19661966 Blown up Australias fiscal position. Lied to win election. Not a great bloke and certainly not a good PM

Hell yeah! Australia is the luckiest damn country on Earth with a legend like Albo smashing it since 2022. True leader getting shit done! 🇦🇺🔥

@SimonBanksHB @sussanley @AngusTaylorMP Just another alp advocate posing as a political analyst

Pro-tip: @sussanley would have delivered a better Budget Reply than @AngusTaylorMP More connected to reality LOL

@JacintaAllanMP That’s small change criticism versus a premier who continues to shield CFMEU corruption . Who bought the lottery license Jacinta and why was it increased to 40 years , and why no tender process. Victoria the corruption state

Liberals like Jess Wilson have locked young Victorians out of Kew and dozens of other suburbs like it. Only Labor is on the side of young Victorians who want more opportunity to own or rent close to the things they need and the people they love.

@RBVogue @VoteLewko They would be in good company with our federal treasurer who is also clueless on economics

@VoteLewko 58 % of ABC listeners have no idea on economics. It explains a lot.

ABC Radio Sydney breakfast held an SMS poll on listeners' rating the budget. 58 percent of ABC Listeners rated it 5 out of 5.

@ElaineM11584892 ALP has the union and handout mentality vote

The LNP has the wealthy vote. One Nation has the stupid vote. The government has all the others.

@BilsonhBilson Clearly you must be part of the handout sector of Australias population. The only people who think this budget is good for Australia are those who expect a free ride from government

A Big Slap in the mugs of the LNP & their disgusting media today as a Jim Chalmers delivers another brilliant budget well accept by all intelligent Australians!

@lagoonki Yet he totally lacks any economic or real world qualifications / experience to be treasurer of Australia

Jim Chalmers at the NPC , what a great speech, he is so good 👏👏👏👏👏

@bazzacc2 Antisemitic Bazz. Pretty sad mate. Thought you were a decent guy.

Jews feel unsafe..... bullshit... How about indigenous.... How about Muslims... How about everyone else. It's a load of shit...... Australia is safe ..... we live in the safest country on Earth

@VoteLewko Kouks is clueless on economics Daniel , let alone running a business. Don’t wast your time

Hi Stephen. I'm not an "economist" like you. Can you please explain how "taxes" affect a company's "profits" and why they appear on a "P&L". Explain it like I'm five.

@TheKouk Reckon they would take your dissent as a sign they got it right Kouks. How can one be so wrong for so long

The RBA rate hike last week looks a misstep. It made its decision with no knowledge of the budget. Which, as Rachel Green said, is a big deal

@Terrytoo69 Suits Chalmers . I’d add a devil tail to represent his and Albos propensity to outright lie to the Australian people. This budget is a cash grab plain and simple, and will do nothing to alleviate Australias housing supply problem

The Telegraph is entitled to express whatever opinion the Murdochs dictate but to use the Soviet hammer and sickle to denigrate Labor and Chalmers is a demonstration of intellectual vacuity.

@Tsuff101 You are clueless Tsuff10. Dan covered this in earnings report. Hope you’re short going well.

So $IREN energised 300MW out of 1.4GW in sweetwater 1? I think most people still think they energised it all.

@JacintaAllanMP How about you cut the 15 billion your husbands union rorts from the Victorian people

Jess Wilson’s Liberals plan to cut 1 in 7 public servants, including health workers, disability workers and child protection officers. Jess Wilson’s Liberals cut and Victorians pay the price.

@Ben_Davison1 If Albo wanted to fix Australias housing problem the first thing he should do is de register the corrupt CFMEU

I’m prepared to go out on a limb by saying, “I don’t think Labor won the last election because the 10% of people who get 80% of the benefits from CGT discounts decided to vote for them when Albo said he didn’t have a plan to change CGT. They won because people wanted change.”

@Ben_Davison1 You are kidding Ben. This is a calculated tax grab by the communist liars now running this country.

Howard & Costello broke the link between the growth in wages and the growth of house prices We’ve had nearly 30 years of letting the inequity grow Labor is now making a structural change to fix the that broken link so working people can still own their own home

Albo you and your treasurer are simply liars. These changes as treasury forecasts will do little to alleviate Australias housing issue. You lied to the Australian people on numerous occasion, the electorate can’t take anything you say at face value. Keep protecting the CFMEU, punish the average Australian and keep giving money to those who make the most noise.

We’re making sure hard work pays off and everyone has the opportunity to get ahead. Giving young Australians a fair go at buying their first home. And putting more money in your pocket with tax cuts. Our Budget delivers for you.

@TheKouk Kouk what happened to you. Brilliant the 90s. An embarrassment today

“It’s a fine line between pleasure and pain” Divinyls Treasurer Jim Chalmers had walked a political tightrope across the canyons of fiscal repair, short term cost of living assistance, snail’s pace growth in real government spending which will all help push inflation lower and unfurl a carpet bag of serious steps towards fairness via a medley of tax policy changes. In the forecasts by Treasury that underpin the budget, there are significant differences from the forecasts released by the RBA just last week. The RBA, somewhat recklessly, timed its May board meeting appaulingly. It had limited if any knowledge of what are critical and economy-important policies in the budget. The Treasury forecasts, which will almost certainly be superior to the already obsolete and pale efforts of the RBA, incorporated the budget decisions and are therefore suggestive of economic growth being more resilient, for inflation to be lower and sooner, and the unemployment rate to be lower. I wonder if Treasury Secretary Jenny Wilkinson, who would have knowg the thrust of the budget settings when the RBA met last week, was the dissenting voice in the 8 to 1 vote to hike interest rates? Kudos to her if she was, and a brickbat to the RBA for not only the timing of the meeting but for not listening to the all important themes that the government was set to deliver. Suffice to say, in the budget there is a tightening in fiscal policy, plus a raft of reforms that will add to the productivity recovery already underway.  As a result, Treasury is seeing a lower inflation climate that the RBA in both the short and the medium term. Oh, and net migration is targeted to fall to just 225,000, further easing pressure on housing and wages. While global events remain mercurial, this budget should deliver a big prick to the inflation outlook and as a result, see the market gradually adjust to a glidepath of steady monetary policy for a few months at least. youtube.com/watch?v=Zq55OW…

@TheKouk Embarrassing Kouks

If tax policy is the fundamental issue for you when you are starting a business, perhaps stick to knitting ...