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About Lloyd

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  1. Aussie Politics

    From the link (only those with a pure and righteous heart may access it - no pay wall nonsense) - Do you believe it? The Australian brought thousands of readers here and there's nothing. Why? I will study this dumb broken link. - Donald Trump.
  2. Aussie Politics

    Nothing to see here. Just a list of people (past and present) exempted from paying tax on certain perks. https://www.theaustralian.com.au/.../judges...politicians...exemption...pension/story-fn59
  3. Aussie Politics

    Speaking of the Constitution, Western Australia nearly didn't make it in. It reads - "It shall be lawful for the Queen, with the advice of the Privy Council, to declare by proclamation that, on and after a day therein appointed, not being later than one year after the passing of this Act, the people of New South Wales, Victoria, South Australia, Queensland, and Tasmania, and also, if Her Majesty is satisfied that the people of Western Australia have agreed thereto, of Western Australia, shall be united in a Federal Commonwealth under the name of the Commonwealth of Australia. " They have tried to secede ever since.
  4. Aussie Politics

    The biggest user of bank services is the government. Hang on, edit - And banks themselves - they transfer billions of dollars each day. mm..I sell a million $ house. 1. Buyer deposits cash for prospective purchase into their account. Taxed. 1. Buyer withdraws $1m to pay for house, taxed. 2. Chq (or whatever) deposited in trust fund, taxed. 3. Withdrawn on settlement, taxed. 4. Deposited into my account, taxed. 5. I withdraw to spend on booze, cigarettes and women, taxed.
  5. Aussie Politics

    I think that is two issues. Tax *and* expenditure. To do justice to that is way beyond my abilities to condense into a few paragraphs on SNA. As for tax, a couple thoughts - things economically non-distorting as possible. Sadly, this (and many sensible things) is often politically damaging. Things like poll and estate/death taxes. There are many loose poll taxes which don't go by that name. The private sector knows very well about this concept, as it is understood that the marginal cost is zero whether you use it or not. GST is reasonable, *if* there were zero exemptions - capture everything. Zero - even on cash/illegal things. I'd think about non-flat, to capture those things with what is known as low-elasticity. It is already done, with booze and smokes (about 70 cents per stick these days I think!!) and petrol etc. I'd expand that concept. Problem, as many know, is those damn BAS things. More on capture - eliminate tax free rorts. Have an income that is not taxed above a fair threshold? Well, watch out for Lloyd. Talk about politically not do-able!! (Ex pollies generous pensions and perks..I think Latham had a good go at that back when, on another level). I think military may be tax free - I may be corrected. As well discussed elsewhere, eliminate many other distortions/rorts, like negative gearing (as is obvious, few people understand what it actually is, a bit like the current discussion on rebates for franked dividends - pretty easy if you don't listen to gobbledegook nuffers) and other tricky legal tax minimisation schemes. Also unpopular is user pays - toll ways. Edit - I just thought of something odd - to what extent do fines pay for the courts ongoing costs I wonder? Some of you here may be acquainted with said fines, not all of which are traffic related but maybe illicit drugs and many other naughty bad behaviour things. That is kinda dot point without discussion - I have more (gentle folk here probably can throw in a few themselves), but I reckon that is a decent start.
  6. Trump

    Yeah, well. three things (could be more, but three for now) - One, I know people, who, like him, have predominately an Arts degree and yet call themselves Economists. Two, his attitudes reflect those of Sarah H-Y (see my quote), for those who watch the clip. Three, like Trump, Kudlow is a closet Democrat from way back. By the way - the host, Cenk Uyger, supported the rather radical Democrat Bernie Sanders for President.
  7. Aussie Politics

    Tobin tax...not quite what you describe, but similar. Pretty much a bad idea (like most taxes).
  8. Aussie Politics

    If you don't pay tax, you don't get the franking rebate. The company has already paid tax on the dividend. The purpose of the rebate is to ensure that the dividend is not taxed twice, which is only relevant if the recipient is already paying tax, by definition. KISS. I think this is what Sir Z was also saying in his own slightly incorrect wording - you can have an income (and yet be denied the rebate), just as long as you are not paying tax. I have not seen the exact details of the proposal, but that is it in principle as I understand it. See, no handwaving! I'd never make for a politician, eh?
  9. Aussie Politics

    I think that the ALP policy is very sensible economics.
  10. Trump

    Trump at least owns a Tesla which may make many here go squee! (Although, what I am not saying?...) https://gearheads.org/donald-trumps-most-unusual-car-collection/9/
  11. Trump

  12. Trump

    Yeah, hence my mention about "largely forgotten" - and I suggested what I see as the reason. Maybe to the uncomfortable distaste to those of the left knocking his protectionist stance, and him backing away from the TPP, something that Hillary also campaigned about. Other things, too. In the meantime, this, for those who care (deliberately or otherwise) to selectively forget - https://www.businessinsider.com.au/donald-trump-chuck-schumer-donations-2016-11?r=US&IR=T and this - https://www.vox.com/2016/8/16/12452806/trump-praise-hillary-clinton-history There are other examples, but I have done googling for now.
  13. Trump

    I think that what is slipping under the radar screen (and largely forgotten by partisan hatred) is that Mr Trump is a rusted on Democrat from way back, and is adopting some of the proposed policies of Hilary Clinton and even Bernie Sanders. Can't quite feel the love, here.
  14. You may first wish to demonstrate your knowledge of what private property, and the Rule of Law, means in a Socialist economy such as Venezuela. Then maybe rephrase your question...just a thought. Edit - in the meantime, you may skim over this article. I suggest that thinking about mortgages demonstrates decadent capitalist/Western freedoms fogging up certain issues. http://www.chicagotribune.com/news/columnists/kass/ct-venezuela-zoo-animals-kass-0818-20170817-column.html
  15. Optus to rollout 5G in 2019

    Yes, but for different reasons. In rural and regional Victoria we don't even think about 4G. Fine enough for urban areas, but chuck in a bit of distance (how long is a piece of string? 10 ks?) and a few obstacles like hills, valleys, trees etc, and it is useless. Even with 3G there are many dead spots due to geography. Sounds like 5G is going to be even worse than 4G in this respect - These millimeter waves can transfer heaps of data at very high speeds, but they don't travel as far as the lower-frequency waves used in 4G networks. High-frequency millimeter waves also have difficulty getting around walls, buildings, and other obstacles. On a lower-frequency network like 4G LTE, the antennas can be farther apart, and obstacles aren't a big issue. When the 5G networks are built, the carriers will have to use more antennas—many more—to get the same coverage as our current networks. You'll see mini-antennas basically everywhere. https://www.wired.com/2017/02/what-is-5g-and-when-do-i-get-it/ Edit - and by the way, due to remoteness, NBN is a joke (for want of a better superlative).