Heath, This and the "printing money" idea in the US will all lead to one thing... Inflation.. and how does the government combat inflation ? by raising interest rates. Imagine all the first home buyers jumping in while the grant is still around, only for interest rates to double or triple, while the value of their house declines ?!
The Rudd handout
Started by
_SLR Goat_
, Apr 06 2009 08:39 PM
201 replies to this topic
#27
_torana_umunga74_
_torana_umunga74_
-
- Guests
Posted 07 April 2009 - 10:03 AM
lets not get political on here there should be another thread on who f"d it up.
#28
lcgtr1970
-
- Members
-
- 1,702 posts
Forum Fixture
- Name:Jordan
- Location:having a beer, looking at the torana
- Joined: 13-March 06
Posted 07 April 2009 - 10:04 AM
well initially i was going to try and save a fair whack of it...and buy myself a pair of jeans. but now coz the trimatic has fingered itself ive gotta spend my cash on that instead!
#29
_torana_umunga74_
_torana_umunga74_
-
- Guests
Posted 07 April 2009 - 10:04 AM
^^ U bastard! I never got that when i was a student!! ^^ All i got was a big HECS debt!! That costs me about $80 a week at the moment...
i also get 1100 bucks a semester for bein from a country school. that should be comin this month too... lifes hard sometimes. i DID lose my job from the economic crisis crapola, so its not all sunshine an daisies here.
#30
Swarbs
-
- Members
-
- 1,662 posts
Forum Fixture
- Name:Dave
- Location:North West WA
- Car:LX 5000
- Joined: 18-April 07
Posted 07 April 2009 - 10:06 AM
Nothing for me but the other half is putting hers to the next terms schooling for the young bloke
Remember peoples.... buying Australian = Australian jobs
Cheers D
Remember peoples.... buying Australian = Australian jobs
Cheers D
#31
mr5000
-
- Members
-
- 3,449 posts
chief break-everything
- Location:melbourne
- Car:77 lx 4door
- Joined: 08-January 06
Posted 07 April 2009 - 10:27 AM
i will be getting a new radiator for the stateswoman she got a bit hot towing over summer and gets a lil warm wen ever i tow now
other half will be going towards house deposit
other half will be going towards house deposit
#32
Joshua
-
- Moderators
-
- 2,539 posts
Lotsa Posts!
- Name:Joshua
- Location:Brisbane, Northside
- Joined: 16-December 05
Posted 07 April 2009 - 10:38 AM
Yeah thankfully I'm a student. I know everyone thinks these handouts are an immature responce to the economic situation, but I don't see how they can harm it. Sure they probably won't make a hugely significant difference, but they probably are not a hugely significant component of the tax payer's money. I don't see the loss; we're still pumping more money into the economy, and the Government feels that they can live without it.
If someone walked up to you on the street and handed you $950 and said "this is for you, but I want you to spend it; that's all I ask". I don't think you would hesitate to do good by them. I'm sick of hearing people say that they aren't even gonna put it into the economy because they don't agree with it.
Sounds like some good uses on here.
I've gotta pay car insurance I think... I don't think there will be any change
You really have no idea
money doesn't grow on trees.
it has to be payed back.
so basically now we are in a tonne of debt.
and what do we have to show for it? frOck all really...
bunch of people have some new Japanese/china made LCD tvs
some people have a little less personal debt..
which shouldn't have had in the first place.
living beyond your means is a series issue
alot of the reason why this whole things happening.
so now we have to pay off a debt which we have nothing to show for,
plus the fact they blew the giant surplus we had. on basically crap.
imagine what it could have done spent on things it needed to be spent on.
or at least give handouts in a way that you know is going to be spent here or help Australian jobs.
increase rebates for stuff or increase building projects. etc.
and take some time. i saw something that made sense yesterday. even the building projects they are doing.
have been so rushed. things like small schools having to spend millions now!
no tme to think it out... so when there done will they have quickly spent the money on crap they don't need?
it's been a stupid ill thought out plan that is gong to end up costing everyone.
t's hard for any future governments to give tax cuts when there towing in debt.
there more likely to rise. etc. or the fact that china owns alot of the debt we now have
that can never be good.
but then again. what has the Rudd government done thats sensble and thought out.
they persist with this net filter that won't work wasting billons
but haven't even picked someone to build the network in which got them many votes.
#33
mr5000
-
- Members
-
- 3,449 posts
chief break-everything
- Location:melbourne
- Car:77 lx 4door
- Joined: 08-January 06
Posted 07 April 2009 - 10:43 AM
1 thing i dont like with the hand out mums freind earns 95 g a year hes geeting 500 off ruddy as if he needs anything
#34
mr5000
-
- Members
-
- 3,449 posts
chief break-everything
- Location:melbourne
- Car:77 lx 4door
- Joined: 08-January 06
Posted 07 April 2009 - 10:43 AM
1 thing i dont like with the hand out mums freind earns 95 g a year hes geeting 500 off ruddy as if he needs anything
#35
antelopeslr5000
-
- Members
-
- 1,022 posts
Forum Fixture
- Location:Toowoomba, Queensland
- Car:1977 LX SL/R 5000
- Joined: 10-November 05
Posted 07 April 2009 - 10:58 AM
Antelopeslr5000
You got 1k anyway? Rest of us busted hole all year!
Of which $900 went to the Victorian Bush Fire Appeal...
Can you say you donated approximately 15% of your gross wage to a worthy cause?
#36
Heath
View Garage
-
- Administrators
-
- 18,320 posts
I like cars.
- Name:Heath
- Location:Eastern Suburbs, Melbourne
- Car:Heavily Modified UC Sunbird Hatchback
- Joined: 07-November 05
View Garage
Posted 07 April 2009 - 11:24 AM
Wait isn't this money that Australia already had?Heath, This and the "printing money" idea in the US will all lead to one thing... Inflation..
I didn't think we were making this money out of thin air, I thought the Government was refunding $x of tax
Maybe I don't agree with this. If they have borrowed money for this stimulus package then I am not at all for it
#37
_Drag lc_
_Drag lc_
-
- Guests
Posted 07 April 2009 - 11:27 AM
are you for real heath? you thought we(australia) had this money?
#38
_TUFF_
_TUFF_
-
- Guests
Posted 07 April 2009 - 11:29 AM
I'll be buying a new axle for the Kart and the rest can sit in my bank account till its needed.
#39
orangeLJ
-
- Members
-
- 10,259 posts
Yes, yes I do post alot!
- Joined: 02-May 06
Posted 07 April 2009 - 11:51 AM
Capital works (roads, schools, hospital systems etc) would have boosted the economy more and provided more employment growth, throwing money to the people robin hood style might give a short term non-sustainable rise in the economic situation.
Look at it this way.
People will spend most of their money on retail exercises (eg. TVs, clothes, food etc etc)
So that money might help create more profit for the retailers.
They then spend that money with a wholesaler or distributor and they then pay the manufacturers (chinese made or foreign owned brands)
So you have two, maybe three tiers of people that benefit.
Spending on infastructure would work ALOT better (all this is obviously in theory, but their first payment to everyone but the working people didnt work, so why not switch tactics?)
You have the initial tenders from companies to get the work, depending on the situation they will employ surveyors, geologists and get quotes from numerous other fields to enter their tender.
The successful company then hires contractors, machinery, uses fuels etc etc. The contractors then hire new guys to labour, lollypop or operate machinery, the hire companies hire someone to further maintain ther equipment, they buy parts to replace those that are worn out etc.
These blokes that get more work then go spend their money in the retailers as they now have some money to spend, that increases retail sales and the retail end still benefits.
Its a VERY simplistic way of viewing the problem but it highlights the main points.
I dont really agree with the handout, but hey, Its not like I can give it back and I will surely enjoy my air conditioning that im paying an aussie worker to install (and Im buying the unit as a barely used second hander, so money in my fellow aussies pocket)
In my mind, money sucks, economies suck, but the world revolves around the idea of imaginary dollars and share markets and we are stuck with it.
Look at it this way.
People will spend most of their money on retail exercises (eg. TVs, clothes, food etc etc)
So that money might help create more profit for the retailers.
They then spend that money with a wholesaler or distributor and they then pay the manufacturers (chinese made or foreign owned brands)
So you have two, maybe three tiers of people that benefit.
Spending on infastructure would work ALOT better (all this is obviously in theory, but their first payment to everyone but the working people didnt work, so why not switch tactics?)
You have the initial tenders from companies to get the work, depending on the situation they will employ surveyors, geologists and get quotes from numerous other fields to enter their tender.
The successful company then hires contractors, machinery, uses fuels etc etc. The contractors then hire new guys to labour, lollypop or operate machinery, the hire companies hire someone to further maintain ther equipment, they buy parts to replace those that are worn out etc.
These blokes that get more work then go spend their money in the retailers as they now have some money to spend, that increases retail sales and the retail end still benefits.
Its a VERY simplistic way of viewing the problem but it highlights the main points.
I dont really agree with the handout, but hey, Its not like I can give it back and I will surely enjoy my air conditioning that im paying an aussie worker to install (and Im buying the unit as a barely used second hander, so money in my fellow aussies pocket)
In my mind, money sucks, economies suck, but the world revolves around the idea of imaginary dollars and share markets and we are stuck with it.
#40
LOWS2
-
- Members
-
- 1,477 posts
Forum Fixture
- Location:Sydney
- Joined: 29-January 06
Posted 07 April 2009 - 12:38 PM
Playstation 3 and a lil extra coin for going overseas.
#41
_ass308_
_ass308_
-
- Guests
Posted 07 April 2009 - 01:34 PM
its 42 billion dollars.we had to borrow that.it will be paid back with interest.
if they had given us a $25 dollar a week tax cut,u would have $1300 extra a year.if u got a $50 a week tax cut,u would get $2600 extra a year.way better than $900
for christ sake,they gave the $900 to people in jail,and $70 million of the 42 billion,went to people living overseas.
if they had given us a $25 dollar a week tax cut,u would have $1300 extra a year.if u got a $50 a week tax cut,u would get $2600 extra a year.way better than $900
for christ sake,they gave the $900 to people in jail,and $70 million of the 42 billion,went to people living overseas.
#42
REDA9X
-
- Inactive
-
- 0 posts
Removed
- Joined: 08-November 05
Posted 07 April 2009 - 01:48 PM
oh no, not the political thing again, oh well, we all know it's a joke, still if he hands it out, you aren't going to knock it back. I'll probably buy some go kart parts.
#43
blown308
-
- Members
-
- 2,328 posts
Forum Fixture
- Location:Silverdale, NSW
- Joined: 05-March 06
Posted 07 April 2009 - 02:39 PM
on the FJ
#44
_LXXXIV_
_LXXXIV_
-
- Guests
Posted 07 April 2009 - 03:09 PM
MY LAST REPLY ON THIS THREAD.
This is what I think should have been done with 45 billion.
1. do not lend 25 billion to give away. then pay interest on shit we have nothing to show for??? A penny saved is a penny earnt.
2. spend 20 billion on infrastructure. (easy)
3. work out 25 billion in tax cuts over 3 years and remove or reduce taxes that have no meaning ie. land and vehicle stamp duties(new cars), land and development stamp duties and PAYROLL TAX????
4. encourage companies to creat jobs (ref 2,3.) encourage developers and builders to develop therfore creat jobs(ref 2,3.) encourage people to work and earn there own money and therfore spend money (ref 2,3.)
5. admit the majority of us made a mistake and put someone at the helm who is not just feeding his own agenda's
My prediction: Rudd will make history. (1 term goverment)
ps. just remember were most of the items will be bought from (china)
pss. keep in mind were the money will be lent from therfore interest payed to(china)
psss. at the end of all this who will really own our country (china)
pssss. who are ruddy's best mates (china)
I love chinese food.
This is what I think should have been done with 45 billion.
1. do not lend 25 billion to give away. then pay interest on shit we have nothing to show for??? A penny saved is a penny earnt.
2. spend 20 billion on infrastructure. (easy)
3. work out 25 billion in tax cuts over 3 years and remove or reduce taxes that have no meaning ie. land and vehicle stamp duties(new cars), land and development stamp duties and PAYROLL TAX????
4. encourage companies to creat jobs (ref 2,3.) encourage developers and builders to develop therfore creat jobs(ref 2,3.) encourage people to work and earn there own money and therfore spend money (ref 2,3.)
5. admit the majority of us made a mistake and put someone at the helm who is not just feeding his own agenda's
My prediction: Rudd will make history. (1 term goverment)
ps. just remember were most of the items will be bought from (china)
pss. keep in mind were the money will be lent from therfore interest payed to(china)
psss. at the end of all this who will really own our country (china)
pssss. who are ruddy's best mates (china)
I love chinese food.
#45
MRLXSS
-
- Members
-
- 12,396 posts
The Render Garage
- Name:Matt
- Location:Upwey, Melbourne
- Car:355 LX Hatchback, DeLorean DMC-12, LX SS Hatch, VY Cross8 Crewman
- Joined: 09-November 05
Posted 07 April 2009 - 03:16 PM
My prediction: Rudd will make history. (1 term goverment)
HAHA! Look at his approval ratings mate.. Pity the Coalition don't have anyone worthy of voting for...
#47
_XU1-043_
_XU1-043_
-
- Guests
Posted 07 April 2009 - 04:02 PM
the wifey and i have agreed to go halves in a video camera for our trip to europe in june and the rest we will spend on what ever we want, so the rest of mine will go on new springs for the 'green machine'
#48
Joshua
-
- Moderators
-
- 2,539 posts
Lotsa Posts!
- Name:Joshua
- Location:Brisbane, Northside
- Joined: 16-December 05
Posted 07 April 2009 - 06:14 PM
HAHA! Look at his approval ratings mate.. Pity the Coalition don't have anyone worthy of voting for...My prediction: Rudd will make history. (1 term goverment)
most voters would be like heath,
and just think of it as free money w00t!
so i doubt they'll vote rudd out.
he's bought a whole heap of votes.
#49
_LXXXIV_
_LXXXIV_
-
- Guests
Posted 07 April 2009 - 06:27 PM
HAHA! Look at his approval ratings mate.. Pity the Coalition don't have anyone worthy of voting for...
most voters would be like heath,
and just think of it as free money w00t!
so i doubt they'll vote rudd out.
he's bought a whole heap of votes.
fair comments, but I believe he has made his vote run to early in his term.
money runs out
harsh reality of paying money + interest back coupled with increasing unemployment
the same fickle people who think rudds shit does'nt stink
will be the same to assist in throwing him out after his first term.
Edited by LXXXIV, 07 April 2009 - 06:28 PM.
#50
Heath
View Garage
-
- Administrators
-
- 18,320 posts
I like cars.
- Name:Heath
- Location:Eastern Suburbs, Melbourne
- Car:Heavily Modified UC Sunbird Hatchback
- Joined: 07-November 05
View Garage
Posted 07 April 2009 - 06:32 PM
Come on mate don't be an arse about it. I know how inflation works and I know how national debt works; I just thought that this was tax payer's money, not money that Australia was borrowing. Sorry? farkmost voters would be like heath,
and just think of it as free money w00t!
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
