What the Budget means for FiftyUps

You cannot live in a country where being young, being a student, being unemployed, being a middle class person, being a stay at home mother, being a 'poor' self funded pensioner, YOU will be HIT HARD by your government, do you? As a friend told me: " they wanted to pay rich women to have babies now they are taking money off poorer people who have babies!" adding: " FTB B cut off at 6 years old. You have no idea how that is going to affect Single parent families. Low income folk get nothing but more hits again, THEIR taxes are used to fund all the promises to families, businesses and companies! Tony Abbott is a lowlife he's attacked students, health care system and pensioners, who ever voted these d*** h**** in now should be ashamed of themselves " 

After a good read of Budget "Take 2", it can be resumed to the following: ) A cut paid parental leave for 80,000 mothers. 2) People under 25 will still have to wait for 4 weeks to get benefits if they are unemployed. 3) $80 billion in cuts to schools and hospitals. 4) Cuts to family payments hurting families across Australia. 5) $100,000 degrees are still on the agenda. 6) Stay at home parents will lose access to childcare rebates. As unfair a Budget as last year's outrageous one & like last year's Budget, just good for THE BIN ! 

As Peter Martin in The SMH reminds us: Fifty-five of Australia's highest earners paid no income tax at all during 2012-13, not even the Medicare levy. All earned at least $1 million and managed to write their taxable incomes down to below the $18,200 tax-free threshold, although for most the exercise was expensive. Tax statistics released Wednesday reveal that 40 of them claimed an extraordinary $42.5 million for the "cost of managing tax affairs" meaning they each paid an average of $1 million to an adviser prepared to help to bring down their taxable income, which is itself a tax deduction. Who is in charge of Australia? No, seriously! One can wonder... 

Hockey's claim that power is cheap is a blatant lie. It IS CHEAPER because of the carbon tax being abolished, but power companies have been ripping us off (with government blessing) for some time now. They were also very reluctant to reduce their prices when the tax went. In my case, Ergon Energy are fleecing us with ever increasing fees such as the so-called "service fee". This impacts heavily on people such as pensioners who have cut their power consumption to the bone, yet are still slugged unfairly. It's a form of minimum charge that is both unfair & unjustified. 

Me thinks Allain is a member of the Labor party - 

I agree with you Alain from NSW. Compulsory Super was bought in in maybe the late "80's (I'm sure someone will know the correct date), we haven't had a chance to save through this avenue throughout our whole working lives which means most of us will either receive a full or part pension when and if we ever retire! I think it is time that the wealthy stop receiving tax breaks for their super contributions and start paying more tax, they don't need it and it would pour billions into the budget and the same with Investment properties, if someone can afford to purchase an investment property well in my books they don't need any tax breaks. This and any Gov't. needs to change the ways they give to the rich and take from the poor and take a leaf from Robin Hood and take from the rich to provide for the poor. I agree with you to Bryan from Vic, it is absolutely outrageous that pollies receive lucrative super and other perks for the rest of their lives, this indeed needs a revolution (these days it can be by written word alone), why should they have it so easy when the majority of us will struggle to make ends meet on the pension when most people I know are just as committed to our Country as the pollies say they are, so what's the difference? 

Not a word about our fat cat cigar chomping pollies and their ridiculous pensions and other perks living of the taxpayer even after they have been kicked out of office.wheres the cuts to their pensions and super ?we need a revolution to rid this country. Of these blood suckers! 

What is a serious worry (as previously mentioned), the most urgent is totally eluded by the Libs in their Budget: CLIMATE CHANGE which should be the priority, the costs are going to be massive, to give you an idea, the destruction of the cyclone category 2 we experienced on the NSW Central Coast will guarantee that Insurance Premiums are going to increase, and soon, with more similar events, there won't be anyone who will be able to afford insurance policies (and no more insurance companies...) so it is just an exemple with other events like the drought for some farmers, etc... We are 'sh***ing in our nest and we must rmedy the causes of climate change, nobody else will do it at our place and the fact that this serious issue is totally ignored by the obnoxious Libs (in denial, which makes them a dangerous lot for the rest of us...) in the 2015 Budget: WE MUST REMIND THEM OF THEIR OBLIGATIONS , or LET'S GET RID OF THEM! 

I read in the Sunday telegraph 3/5/15 that they will be spending $285 million on Australians learning more about WW1 - money should be spent on Australia's future not the dim past - 

This govornment appear to tinker around the edges of everything. They have few if any big plans to produce real full time jobs . Manufacturing is a large employer and the industries that feed into them . Still the focus seems to be on mining and primary industry while other developed countries have realised the value of such industries. They produce jobs and especially for more mature citizens. We need real plans and not tinkering to get older Australians in work or keep them in work for longer.