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Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: Suze on April 04, 2013, 05:07:37 AM

Title: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: Suze on April 04, 2013, 05:07:37 AM
From Australian political Joel Fitzgibbon as quoted in this article: http://www.abc.net.au/unleashed/4605414.html. Yes, Sydney is expensive, but if you can't manage with that much money I suspect you are doing it wrong.

The superannuation discussion in the article might be a bit esoteric and irrelevant for those outside Australia, but we should all be able to appreciate that telling people earning 250k a year that they are 'on struggle street' is a bit of a joke.

Thankfully the author of the article takes it apart with some facts, but it is amazing how many people earning this kind of money are just making ends meet!
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: marty998 on April 04, 2013, 06:06:28 AM
The $250k comment was truly astonishing. Doubly so since it came from a Labor politician.

Debate in Australia is a farce. Everyone is outraged at everything and no government is allowed to introduce any tough but necessary policy change because the media will always find 1 person who is negatively effected.

This is before industries (mining, tobacco, Clubs/pokies, Super) start with their bullshit advertising campaigns pretending to be on the side of the battlers.

Miners: "We kept Australia strong and growing through the GFC"
Reality: Mining employs less than 3% of the population, and contributes less than 10% to Oz GDP

Tobacco: "Nanny State, Nanny State, Nanny State, Nanny State, Nanny State, Nanny State...you are stealing our intellectual property by introducing plain packaging laws"
Reality: silence is deafening now the laws are in place.

Clubs: We provide millions of dollars of support to grassroots sports and local community organisations.
Reality: Less than 2% of profits made from registered clubs is donated to community organisations. Australians collectively lose $30billion to the gambling industry each year ($2k for every adult).

Super industry: "taxing super is the same as the theft going on in Cyprus"
Reality: 32% of tax concessions go to the wealthiest 10% of the population. The lowest 10% get -.2% (They pay extra tax!) Those who get the most concessions would probably save for retirement outside of Super anyway. They don't need a tax incentive.

And all of this leads to spooked politicians to say utterly stupid things like what Joel Fitzgibbon said. The best responses are naturally on twitter with people sarcastically saying they need the $250k to pay for private school for 3 kids, 2 new 4WDs each year, a sparkling new boat and the wife's handbag fetish, not to mention the 900,000 mortgage for the McMansion out at Kellyville.

I'm over it, I've had enough of the whinging. We are worse than the poms now and that is saying something. Aussies. You are a bunch of pansies and you need a punch in the face. You are the richest people in the world and you need a 6 month sabbatical in Ethiopia to realise how good you've got it.

/end rant
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: dragoncar on April 04, 2013, 11:10:29 AM
Well of course you can... 250k is not that much once you've spent it all!
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: randymarsh on April 04, 2013, 09:41:25 PM
You guys didn't catch this illustration in the Wall Street Journal about some tiny tax increases? 6 figure earners are really struggling!

(http://www.thefinancialstudent.com/wp-content/uploads/wsjtaxrates.png)
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: gooki on April 05, 2013, 12:07:24 AM
Fucking lol. If they didn't piss their money away they'd look happier.
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: marz1982 on April 05, 2013, 02:53:47 AM
/end rant

Wow, well said!!  We're making less than half of that, we must really be struggling!!
This Joel guy is clearly out of contact with the real world.
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: Ozstache on April 05, 2013, 03:26:56 AM
I'm going to be making a quarter of that next year, and I'm going to be living the good life on that!
Title: Re: 'You can be on 250K family income a year and you're still struggling' - quote
Post by: marty998 on April 05, 2013, 03:35:20 AM
So the Super changes were announced today. Ho hum. I suppose the Daily Telly will have a screaming front page tomorrow with example $2m-in-the-bank-battlers claiming to be taxed to death.

*sigh*