by Senator Fraser Anning
With the chances of a Labor government after the next election looking strong, it’s time to start looking at what this will mean for Australia.
For many people in their retirement years, the answer is going to be Treasurer Chris Bowen dipping his hand into their pockets to help himself to their cash.
Labor’s dividend imputation policy is a direct attack on people who have done the hard work to look after their own retirement rather than relying on the government for a pension.
“Dividend imputation” sounds complicated, but it’s simply a practice of not taxing the same money twice. If you own shares in a company – for example, in a self-managed super fund – then that company has to pay company tax on the profit it earns. You, as a part owner of the company, get a cut of that profit as a dividend from your shares – and without dividend imputation you would be paying income tax on that profit as well. The system is fair and reasonable, so of course the Labor party wants to change it. Their key complaint is that some people owe more in company tax than they do in income tax, so the dividend imputation doesn’t only offset their income tax but actually entitles them to a refund. But this is as it should be.
There is no reason why Carol should pay more company tax than Bob, just because she earns less. Indeed, this runs the opposite way to our intuitions. If one person must be taxed more, we feel, shouldn’t it be the person who earns more? But that’s not how the Labor policy works. The person with the higher income gets the full benefit of dividend imputation, while the person with less loses their refund. Labor frames this policy in class-warfare terms, saying they are addressing an “unfair revenue leakage” that puts a “greater tax burden on low and middle income working Australians”.
And it’s true that the people who benefit from the current system are wealthier than average. But that is in large part because they are older and have been working to get into that position their entire lives.
Building wealth over a lifetime is not simply a function of income. It is a function of fiscal discipline. Plenty of people of modest means manage to save a substantial nest egg, while plenty of others with high incomes manage to splash their cash away. We need our policies to reward those who choose not to go on that cruise, or to buy a smaller house, or to live with a cheaper car, so that they are able to support themselves in their old age. If we don’t, why would they make those sacrifices?
If we are just going to treat them as an ATM to be returned to whenever the government feels like it needs a bit more cash, then they might as well just spend their money on themselves instead of waiting for the government to come and get it. Then they can rely on the age pension like everyone else. And that is what will truly put a greater tax burden on lower and middle class Australians. Of course Labor doesn’t understand fiscal discipline, or the kind of people who exercise it.
What we need is policy certainty in this area. People make saving and investment decisions for their retirement over decades. They need the confidence that the rules aren’t going to be suddenly changed and the rug pulled out from under them when they actually get to retirement.
It seems unlikely at this point that the Liberal party will be able to pull its act together enough to prevent Labor from winning government. However, that does not mean that their misguided policy is sure to become law. A strong vote for Fraser Anning’s Conservative Nationals will give us the numbers in the Senate to be able to fight this attack on retirees – and more that are sure to come from an emboldened Shorten government.
Rev Fred Nile says people are deserting the Liberal Party in droves; Tim Nicholls just doesn’t get it
Queensland Liberal leader Tim Nicholls in a Parliamentary address advised voters to support same sex marriage before the poll
The Queensland Christian lobby gets even with the Liberal Party, watch out Malcolm Turnbull and Bill Shorten
On Monday 27 November 2017, the federal Attorney General gave a press statement concerning the government’s plans to legislate so-called “same sex marriage” by the end of the year, and in which he asserted that:
“There is absolutely no inconsistency between giving effect to marriage equality [sic] and protecting religious freedom. The two are entirely consistent with one another […] I don’t favour and I’m sure the Australian people don’t favour using the result of the marriage survey as a platform to reopen a broader debate about discrimination law.”
Rev Fred Nile MLC makes the following comments:
- “The Turnbull government’s cynical manipulation of the results of the survey illustrates a betrayal of the Australian public.”
- “What people of conscience fear is not that their beliefs will be interfered with, they fear being prevented from living their lives according to those beliefs.”
- “Senator Brandis is a senior legal practitioner. He knows very well that the proposed legislation will change social norms and therefore the perception of acceptable conduct, for both individuals and business.”
- “Pretending to be oblivious to what we have been witnessing overseas is an insult to everyone, no matter how they voted in the survey.”
- “Senator Brandis has opened the floodgates to litigation, or the threats of litigation, that will restrict associational and expressive freedoms. That’s not what the people of Australia voted on in the marriage survey.”
- “There has been no better proof that the Coalition government has betrayed its small government and freedom oriented philosophies. It is not surprising that its voters are deserting the Liberal National parties in droves.”
22 November 2017: Bob Katter MP, Federal Member for Kennedy, is furious former Deputy Prime Minister Barnaby Joyce took part in selling Adani to China after news the Adani Group is close to securing finance for its coal mine and railway track in coming weeks with Chinese state-owned enterprises, banks, and export credit agencies backing the venture.
Media reports a director of Adani Mining said just days ago they would no longer need funding from Northern Australia Infrastructure Facility (NAIF) and a formal announcement of a financial close was imminent. It was reported in The Australian on Nov 14th Former Deputy Prime Minister Barnaby Joyce and Trade Minister Steven Ciobo wrote to top Chinese officials to vouch for Indian giant Adani. The report said they sent a letter to the chairman of China’s powerful National Development and Reform Commission saying they welcomed “foreign lending to support the development of major projects in Australia”.
“If you sell your country out, then you’re a traitor,” Mr Katter said.
It was also reported Chinese enterprises and export credit agencies invariably require that materials for key infrastructure are sourced from China, effectively shifting work out of Australia and undermining Adani’s claims its project will create many thousands of additional jobs for Queensland.
“Half Australia’s coal reserves will be controlled by whoever owns that railway line. It was not good enough for the ALP and LNP to sell our coal seam gas, now worth $25b a year. This is enough money to restore our outpatients at our hospitals, and give every pensioner and young families 10 grand each and every year.
“We sold the gas for 6 cents a unit we are now buying it back for $16 a unit – our own Australian gas. And now we are going to do the same thing with coal.
“Does anyone think a spineless Government in Canberra are going to stand up to the Chinese Government when they take over all of our unexploited coal reserves? The Greenies think they will stand up to that? Do they think the spineless ALP Government will stand up against the Chinese Government? No, they won’t.
“This will go down as the biggest sell out in our country in Australian history, and will let all the world know that Former Deputy Prime Minister Barnaby Joyce and LNP PM Malcolm Turnbull will go down in the history of Australia in infamy,” Mr Katter said.
Why did the censors put a MA15+ rating on our new ad?
Because it displays quotes from the radical gay sex education that’s being taught to 12-year-olds in our schools through the so-called ‘Safe Schools’ program.
Radical gay sex education like this is being pushed on our kids in school – but it can’t be shown on TV till after 8:30 at night.
Same-sex marriage will quickly be followed by compulsory radical gay sex and de-gendering programs in all schools.
And parents won’t be able to object.
Bill, we only have days left to get this important message out to the millions who haven’t yet voted.
Thank you for raising your voice to defend marriage, freedom and your children!
ALP, LNP and Greens to welcome 15,000 Muslim refugees
A large truck laden with guns and ammunition today careered through crowds in Nice as they lined the streets for Bastille Day festivities, killing 84 and injuring another 100, some critically.
Onlookers reported shots coming from the truck cabin before the driver was shot dead by police.
While more mass killings occur in France and the horror of Middle East carnage continues in the name of Islam, Liberal, Labor and their bedmates the Greens blunder on blithely unaware that such an incident could occur tomorrow anywhere in Australia.
Much of the Australian community was outraged at Prime Minister Malcolm Turnbull’s public endorsement of Islam by supporting Muslims celebrating Ramadan.
The poor 2016 election result for the Liberal Party and the election of Pauline Hanson to the senate demonstrates the general dislike of extreme Muslims by Australian society.
The trilogy’s united support for Islam flies in the face of the majority of the Australian population.
While Europe burns, Turnbull, Shorten and Di Natale will soon welcome another 15,000 Muslim refugees into Australia after the leaders were bullied by the United Nations.
“From my family to yours, Ramadan Mubarak ” Turnbull wrote on his Facebook page.
Turnbull’s Sydney electorate of Wentworth reportedly is controlled by Muslims who command more than 15 per cent of the vote.
Pauline Hanson to attend demonstration near Cairns Saturday
Pauline Hanson along with some of her senate candidates will visit Cairns on Saturday, July 16 to take part in a rally at Gordonvale against the Labor party’s widely-hated vegetation management laws due to be debated in State Parliament in August.
A new Federal Liberal Government would not legislate over the states to negate tough vegetation management laws proposed by the Queensland Labor Government.
In answer to a question from the floor at a landowners rally at Lakeland, near Cooktown, Senator Matthew Canavan said an incoming Liberal Government would not interfere.
This response falls into line with the original vegetation laws imposed on Australia by former PM John Howard, as a signatory to the UN Agenda 21 agreement.
Opposition Leader Bill Shorten has stated a Labor Government would wipe out any soft vegetation laws enacted by Queensland, conversely prompting a call for the Liberals to remove harsh laws.
Farmer’s organisation Agforce has warned all landowners the state could be virtually shut down by the ALP causing the loss of thousands of jobs and costing primary industries tens of millions of dollars in lost revenue.
Indigenous communities would be the hardest hit, according to spokesman Noel Pearson, who maintains that generational white farmers also have ‘land rights.’
The Member for Kennedy Bob Katter said KAP in State Parliament would do whatever it could to block vegetation bill, due to be debated in August.