$250 One off Cost of living payment

oldbloke · Guru

$250 One off Cost of living payment

86GTS · Guru

I've spent mine already. biggrin

deverall11 · Guru

Nothing for self funded retirees again. Maybe the way to go is to hide all your wealth under the mattress, apply for
the pension, get all the benefits that comes with it (Gas subsidy, electricity subsidy, rent subsidy, prescriptions at
$6 but to name a few) and be a burden to the system instead of doing the right thing.

Whenarewethere · Guru

As I don't get anything (or the previous bribes) I will just up my tenants rent by another $250 next lease contract & also claim a bit for the additional administration!

At the end of the day if I have spare cash I can put it back into the economy!

DMaxer · Guru

I don't begrudge people on low incomes getting a sling and subsidies that are means related. Prior to the 1990s the only people that were getting superannuation were people employed by the government in either the public service or military, people employed in the banking industry and a few others. The benefit of superannuation after the 1990s was that one could divert money into superannuation at a low tax rate of about 15% where ordinarily if that sum had remained in your wages you would have been hit up to about 47% taxation. This saved us thousands of dollars in not having to pay taxation at the appropriate rate where those not in a position to make lump sum payments dipped out.

Doing the right thing as you put it was really doing the right thing by yourself. I, like many others, benefitted by a greatly reduced tax rate and then the ability to withdraw tax free later on. The poor people who were not initially on superannuation or were on low wages trying to support a family did not have this luxury and as a result could not avail themselves of this.

People are entitled to a pension and they are also entitled to subsidies. A lot of these people went to wars, raised families and worked hard to make this country wealthy. The fact some of us were able to use a generous plan avoiding taxation implications is not to be heralded as "doing the right thing" but more so being lucky enough to capitalise on a benefit not afforded to or available to everyone.

the rocket · Guru

DMaxer wrote:
I don't begrudge people on low incomes getting a sling and subsidies that are means related. Prior to the 1990s the only people that were getting superannuation were people employed by the government in either the public service or military, people employed in the banking industry and a few others. The benefit of superannuation after the 1990s was that one could divert money into superannuation at a low tax rate of about 15% where ordinarily if that sum had remained in your wages you would have been hit up to about 47% taxation. This saved us thousands of dollars in not having to pay taxation at the appropriate rate where those not in a position to make lump sum payments dipped out.
Doing the right thing as you put it was really doing the right thing by yourself. I, like many others, benefitted by a greatly reduced tax rate and then the ability to withdraw tax free later on. The poor people who were not initially on superannuation or were on low wages trying to support a family did not have this luxury and as a result could not avail themselves of this.
People are entitled to a pension and they are also entitled to subsidies. A lot of these people went to wars, raised families and worked hard to make this country wealthy. The fact some of us were able to use a generous plan avoiding taxation implications is not to be heralded as "doing the right thing" but more so being lucky enough to capitalise on a benefit not afforded to or available to everyone.

Well said.

the rocket · Guru

Whenarewethere wrote:
As I don't get anything (or the previous bribes) I will just up my tenants rent by another $250 next lease contract & also claim a bit for the additional administration!

At the end of the day if I have spare cash I can put it back into the economy!

Cant even put into words what i think of this reply.

Buzz Lightbulb · Guru

That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.

What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.

DMaxer · Guru

What is really appalling is that we are the 7th wealthiest country in the world with the 13th largest economy and a small population yet still have poverty amongst our citizens, disgraceful aged care and boofheads in charge. Norway put a royalty tax on their oil and gas and made multinationals pay. They have a futures fund near 2 trillion dollars US making each citizen a millionaire with all future pensions fully funded forever. We have huge deposits of gas, iron ore, coal plus countless other minerals and yet we are 1 trillion dollars in debt. We let multinationals and local billionaires walk over us. Go figure.

yobarr · Guru

Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.

Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers

peter67 · Guru

DMaxer wrote:
What is really appalling is that we are the 7th wealthiest country in the world with the 13th largest economy and a small population yet still have poverty amongst our citizens, disgraceful aged care and boofheads in charge. Norway put a royalty tax on their oil and gas and made multinationals pay. They have a futures fund near 2 trillion dollars US making each citizen a millionaire with all future pensions fully funded forever. We have huge deposits of gas, iron ore, coal plus countless other minerals and yet we are 1 trillion dollars in debt. We let multinationals and local billionaires walk over us. Go figure.

Another brilliant post.

Whenarewethere · Guru

the rocket wrote:
Whenarewethere wrote:
As I don't get anything (or the previous bribes) I will just up my tenants rent by another $250 next lease contract & also claim a bit for the additional administration!

At the end of the day if I have spare cash I can put it back into the economy!
Cant even put into words what i think of this reply.

Actually in the height of the lockdown both my tenants lost their jobs and I substantially reduced the rent so I am way further behind than $250.

I still had to pay all the council rates, water rates, insurance, maintenance and our building levy etc.

Edit:

In the end the tenants left to move back to their respective parents homes. So got new tenants, the real estate agent wanted their 2 weeks letting fee plus advertising. Ok, I do own the Unit, but cash flow took a big hit.

-- Edited by Whenarewethere on Sunday 3rd of April 2022 05:04:10 PM

Whenarewethere · Guru

& we are doing our best to help them.

Corndoggy · Senior Member

If I was holding my breath waiting to get a payment from them I would be dead now.

Bicyclecamper · Guru

yobarr wrote:
Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.
Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers

I don't own the place on my own, their are 4 others, it is in trust, I couldn't sell it, or my share even though I want to. It is a big debt around my neck, but my family wont come to the party. What can I do in this instance?, Walk away, well that is on the cards.

DMaxer · Guru

If everyone in society was working long hours for their own benefit then there would be no employees for them to hire. The world has entrepreneurs and the world has employees. No entrepreneur would survive without employees but employees would survive albeit at a subsistence level. I think the vast majority of people on welfare are not there by choice. Just because a few choose to abuse the system does not mean the rest should be condemned. Look at the people in Lismore. They have lost businesses and many will be on welfare. We as a society need to care for people when adversity strikes. Society gave me an opportunity to obtain an education even though I did not come from a wealthy family. When wars were declared there were no means test required to volunteer. I dont think just because someone chooses to forsake all other aspects of life just to accumulate wealth gives them a licence to lecture less financially secure people on their situation. A lot of poor people have contributed greatly to society other than by securing wealth.

Buzz Lightbulb · Guru

yobarr wrote:
Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.
Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers

Sorry yobarr but you are so wrong. Only 4% of people get out of poverty. The majority of people who are rich have been given money to make money or just inherit it.

The majority of people with seven figure incomes earn that income from investment, not from working hard. The most rich people in Australia pay the least amount of tax, sometimes none.

The country with the happiest people in the world is Finland and it has the least inequality. Most Scandinavian countries are also ensuring that everyone pays their fair share of tax. Not so in Australia.

I have never met you yobarr but I'm sure you'd be identified as a 'boomer' by your posts and please, put a few paragraphs in your posts. They are very hard to read because of the boomer attitudes but they are exceptionally difficult if they are just one, big whinge.

-- Edited by Buzz Lightbulb on Monday 4th of April 2022 11:25:00 AM

-- Edited by Buzz Lightbulb on Monday 4th of April 2022 11:48:08 AM

yobarr · Guru

Buzz Lightbulb wrote:
yobarr wrote:
Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.
Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers
Sorry yobarr but you are so wrong. Only 4% of people get out of poverty. The majority of people who are rich have been given money to make money or just inherit it.
La La Land! And where do you think the money that these "rich" people have been given comes from? No doubt from someone (parents) who have taken the gamble, worked long and hard, sacrificed family life and built successful businesses.
The majority of people with seven figure incomes earn that income from investment, not from working hard. The most rich people in Australia pay the least amount of tax, sometimes none.
Before I tired of talking spit to people I was earning well into the "6 figures" income bracket, but a few years ago I was flat broke, to the extent that when my car got a puncture I had to give the repairer my brand new spare tyre and rim to pay him for his services. At one stage I was homeless, and sleeping in my car, but instead of joining the "Poor me" brigade I got off my Rs and did something about it. Had 3 houses at one stage, but got sick of tenants wrecking the joint and deciding not to pay rent, after they received advice that there was nothing I could do about it. Cost ne $8000 to get them out of my wrecked house, which I repaired and sold.
The country with the happiest people in the world is Finland and it has the least inequality. Most Scandinavian countries are also ensuring that everyone pays their fair share of tax. Not so in Australia.
Forum rules, along with PC spit, unfortunately prevent me from posting my response to this paragraph as I would like.
I have never met you yobarr but I'm sure you'd be identified as a 'boomer' by your posts and please, put a few paragraphs in your posts. They are very hard to read because of the boomer attitudes but they are exceptionally difficult if they are just one, big whinge.
The fact that the facts I provide are at variance to your opinion .. and it is nothing more than your opinion .... does not justify your referring to same as "One big whinge".

dogbox · Guru

if someone was paying 47% income tax they where probably not doing to bad ,which may cancel the idea that the rich do not pay taxes .
mr packer sr. was adverse to paying any more tax than he "had to "as he wanted to spend/donate his money where he wanted, not pay some government hack to decide what to do with it .
there are people who for what ever reason need assistance and there are those think a government hand out is their right and do nothing to contribute,
we are getting to the time when super will cancel out the OAP, most of us who are reaching retirement age now will have contributed to super so those persons can subsidize the pension with a super draw down. those that will follow later will have a large super nest egg the Politian's will need to find away to access that income (how is mister albo going to fund all his pay increases ) anyone who dose not have sizable super balance will have to rely on some form of government welfare ,anyone who thinks that the OAP will be covered by taxes they paid while working needs to sharpen their pencil or change the batteries in their calculator .

all money payed out by governments' of what ever belief has to be payed out of money payed into the coffers by tax payers or borrowed then paid back later

DMaxer · Guru

The Australian Government does not borrow money and hasn't for decades. That is just spin from the politicians. Once we were on the gold standard whereby a person could go into the bank and exchange the bank notes for actual gold. That ceased in the 1930s and the complete detachment came when the Federal Government under Little Johnny sold most of our gold to overseas buyers.

We now operate on what is known as a flat currency, similar to many overseas countries such as the USA. When the government needs additional money it just prints it. The backing for the money comes from the fact that overseas interests accept that our natural wealth in either real estate, minerals or oil. No one from the Government toddles off to another country and seeks a loan, it is just printed.

-- Edited by DMaxer on Monday 4th of April 2022 04:57:14 PM

Dicko1 · Senior Member

Read an article many moons ago about wealth. Some European University (please dont ask which one...stuffed if I remember) collected info from around the world on wealth and how it was accumulated. The short story was that around 70 % of the worlds wealthy actually got their wealth via various avenues....
1. Inheritance from dubious estates
2.Illegal activities (think drugs, fraud, theft, embezzlement)
3. Illegal use of their position in a government.
4. Illegal trade deals and manipulation of commodities.

The other 30% got rich by luck, working hard, shrewd investments, innovative ideas etc...all legal.

Just goes to show that if you really want to get ahead then being a a, hole has its advantages.

dogbox · Guru

do people on a OAP pension pay tax ?

how much tax would they have payed during their working life ?

as far as i know the single OAP is about $ 900 per fortnite or $450 per week

oldbloke · Guru

DMaxer wrote:
What is really appalling is that we are the 7th wealthiest country in the world with the 13th largest economy and a small population yet still have poverty amongst our citizens, disgraceful aged care and boofheads in charge. Norway put a royalty tax on their oil and gas and made multinationals pay. They have a futures fund near 2 trillion dollars US making each citizen a millionaire with all future pensions fully funded forever. We have huge deposits of gas, iron ore, coal plus countless other minerals and yet we are 1 trillion dollars in debt. We let multinationals and local billionaires walk over us. Go figure.

Well said

oldbloke · Guru

yobarr wrote:
Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.
Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers

What a sad individual.

I have never had a problem with anyone on welfare or OAP getting a hand up. Why, because they need it and because they are entitled to it. That is how society works. Just like people are entitled to be paid correctly,,,,,absolutely no different. It's a legal entitlement.

If you have an issue with people getting a legal entitlement go and whine to your local MP. Or seek election to parliament.

I think its great that the $250 will go to those who need it most, not that I expect any. My only regret is that it is a bribe to vote for the LNP. Typical LNP.

Dicko1 · Senior Member

oldbloke wrote:
yobarr wrote:
Buzz Lightbulb wrote:
That $250 won't go far. People would be better off of they were given a decent weekly amount. It's just a stunt to win votes.
What we really need is an UBI and a fair tax system that taxes super rich people and the big companies.
Some people just don't get it. We all are born with the same amount of money. None. There are some amongst us who take the big gamble, work crazy hours, sacrifice family life, and build successful businesses which may make them " rich". Then there are those who are happy to work all their working life for a wage at companies established by the "rich". These people risk nothing, have no worries or cares about profit or loss, go home each night to their families and their comfortable homes, but bleat and moan about paying tax etc, not realising that without the existence of these companies owned by the "rich", they would not even have a job. Then there are those who are on welfare, receiving money from the taxes paid by both the companies and the people who are gainfully employed by these companies. This last group contains some who deserve help, and some who most certainly don't. Don't get me started on that! Instead of being grateful,however, these people consistently bleat and moan about how unfair it all is. Recently a member told us that he owns a 10,000 acre farming property in NSW, and now says that he can't afford insurance. Boo Hoo. Surely the solution is simple? Sell the property, buy a more modest home, and live comfortably on the two sources of income he presently has, plus possibly a return on surplus funds. Far too many takers, and a dwindling number of givers (taxpayers) to support them. People buy cheap spit from overseas to save a couple of miserable dollars, not seeming to understand that if the more expensive goods made in Australia are not sold, the Australian manufacturer closes, and all its employees become unemployed. So company tax no longer is paid, and employee income tax is no longer paid, resulting in even less money being received by the Government. It's a vicious circle, with the modern "me" generation not helping. All those who think that they know how to more successfully run the show are welcome to seek election to Parliament, but it's much easier to sit back and criticise, isn't it? Cheers
What a sad individual.

I have never had a problem with anyone on welfare or OAP getting a hand up. Why, because they need it and because they are entitled to it. That is how society works. Just like people are entitled to be paid correctly,,,,,absolutely no different. It's a legal entitlement.
If you have an issue with people getting a legal entitlement go and whine to your local MP. Or seek election to parliament.
I think its great that the $250 will go to those who need it most, not that I expect any. My only regret is that it is a bribe to vote for the LNP. Typical LNP.

I agree oldbloke. As a society we have a responsibility to look after the needy, sick,aged and vulnerable people. If we cant do that or you have an issue with that then I dont consider you a worthy member of society. The gap between poor and rich is just getting bigger. Companies and corporations are getting greedier and making more and more profit whilst rewarding their executives with ridiculous amounts of money. Too many of our well to do and rich think that a persons wealth is an indicator of how successful they are. Bull****e. Often its a sign of how greedy, self centred and uncaring they are. Been around the traps a fair bit and one thing that I have learnt...usually the more money people have the bigger the a,hole they are..

Whenarewethere · Guru

Just look at the numbers of large corporations that are not paying employees. Superannuation unpaid.

Before we address efficiencies in the workplace, all the under payment issues & simply no payment issues need to be fixed.

There is a lack of real effective regulation in our country.

dogbox · Guru

the needy, the sick, the vulnerable, (maybe define needy ) should be looked after but if it wasn't for all those axxholes who extended them selves an stepped up to the next level, where would the money come from to support those people .

i see a lot of people who drink, smoke and generally party on then complain that the pension is not enough !

Magnarc · Guru

Wawt wrote:

As I don't get anything (or the previous bribes) I will just up my tenants rent by another $250 next lease contract & also claim a bit for the additional administration!

I hope that the above is tongue in cheek because, if it is not and is a true reflection of your character, or lack of it, you should be ashamed of yourself for putting it to print.

peter67 · Guru

True dogbox. All AOP's should get a prescription for alcohol and nicotine, then the whining should taper off :)

Whenarewethere · Guru

dogbox wrote:
i see a lot of people who drink, smoke and generally party on then complain that the pension is not enough !

In Many yesterday a beggar sitting in the middle of the footpath holding up a cappuccino cup begging for money. In the other hand a cigarette.