Comments on: Self-interest and the Budget http://andrewnorton.info/2008/05/self-interest-and-the-budget/ Observations from Carlton's Lone Classical Liberal Mon, 01 Dec 2008 19:54:12 +0000 http://wordpress.org/?v=2.5.1 By: pommygranate http://andrewnorton.info/2008/05/self-interest-and-the-budget/#comment-14101 pommygranate Thu, 22 May 2008 07:04:15 +0000 http://andrewnorton.info/?p=483#comment-14101 i agree with spiros. there just aint no pleasin' some folk. i agree with spiros. there just aint no pleasin’ some folk.

]]> By: Andrew Norton http://andrewnorton.info/2008/05/self-interest-and-the-budget/#comment-14033 Andrew Norton Wed, 21 May 2008 01:57:38 +0000 http://andrewnorton.info/?p=483#comment-14033 Spiros - Even last years's near loser-free budget had 14% saying they were worse off. There are probably partisan biases at work here along with misunderstandings based on 'tough' rhetoric. Spiros - Even last years’s near loser-free budget had 14% saying they were worse off. There are probably partisan biases at work here along with misunderstandings based on ‘tough’ rhetoric.

]]> By: Sinclair Davidson http://andrewnorton.info/2008/05/self-interest-and-the-budget/#comment-14027 Sinclair Davidson Wed, 21 May 2008 00:50:30 +0000 http://andrewnorton.info/?p=483#comment-14027 Picking up on Spiros' point: Swan delivered a very different budget to what was advertised (and people seem to have believed the ad more than the actual product). If a private sector organisation acted in the same way, the regulators would be crawling all over them and hefty fines and life time bans, if not gaol terms, would be handed out. Picking up on Spiros’ point: Swan delivered a very different budget to what was advertised (and people seem to have believed the ad more than the actual product). If a private sector organisation acted in the same way, the regulators would be crawling all over them and hefty fines and life time bans, if not gaol terms, would be handed out.

]]> By: Spiros http://andrewnorton.info/2008/05/self-interest-and-the-budget/#comment-14026 Spiros Wed, 21 May 2008 00:22:48 +0000 http://andrewnorton.info/?p=483#comment-14026 Given what was in the budget, how is it possible, objectively, for 1/3 of people to be worse off? To begin with, everyone with an income is getting a tax cut. Now it's true that people who drink alcopops will pay more tax on that drink, and the tax on luxury cars is going up. and people earning >$100K who were thinking of putting solar panels on their roof won't get the subsidy they were hoping for, etc and maybe all this adds up top more than the income tax cut for some people. But not many people, surely. Swan seems to have overachieved. He told us some many times that it would be a tough budget, people believed him, without looking at what was actually in it. Given what was in the budget, how is it possible, objectively, for 1/3 of people to be worse off?

To begin with, everyone with an income is getting a tax cut.

Now it’s true that people who drink alcopops will pay more tax on that drink, and the tax on luxury cars is going up. and people earning >$100K who were thinking of putting solar panels on their roof won’t get the subsidy they were hoping for, etc and maybe all this adds up top more than the income tax cut for some people.

But not many people, surely.

Swan seems to have overachieved. He told us some many times that it would be a tough budget, people believed him, without looking at what was actually in it.

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