Showing posts with label Henry Review. Show all posts
Showing posts with label Henry Review. Show all posts

Thursday, August 12, 2010

Notes: Thursday, August 12, 2010

"Tony Abbott backs Henry tax reform - but that could mean income tax slug"

From the expanded on-line version of a short article which appeared on p. 5 of yesterday's Sydney Daily Telegraph:

MORE than five million taxpayers who earn between $36,000 and $94,000 would be slugged with a higher tax bill under the tax plan endorsed by Opposition Leader Tony Abbott at his campaign launch.

An analysis of the shows middle income earners would pay up to $500 a year more in tax while millionaires would get a $15,300 a year tax cut.

Mr Abbott said the Henry plan for a simpler income tax system "should be the foundation of Australia's next round of tax reform".

[...] Mr Abbott told The Australian on Monday that he would to cut Australia's overall tax burden when the budget returned to surplus adding that his "instinctive priority" had always been for more personal income tax cuts.

But ACTU analysis shows that under the Henry plan, workers would pay no tax on their first $25,000 and 35c in the dollar until they earned $180,000.

A worker earning $40,000 a year would pay $200 a year more while someone earning $60,000 would face a tax rise of $100.

A worker earning $80,000 would pay $500 a year more.

Low income earners would receive substantial tax cuts under the reforms.

Those on $20,000 a year would pay $751 a year less in tax.

The biggest tax cuts, however, would go to the wealthy.

Those earning $200,000 a year would make a tax saving of $3300 while those on $300,000 would save $4800.
[http://www.dailytelegraph.com.au/money/money-matters/tony-abbott-backs-henry-tax-reform-but-that-could-mean-income-tax-slug/story-fn300aev-1225903705913]

On the other hand, though:

Economist Posted at 9:23 AM August 11, 2010
OH please - ACTU analysis? What government is going to put up taxes on the levels you describe? Answer - none. A story where the author is not even proud enough to put his/her name to....

Comment 6 of 9

Robert of Pennant Hills Posted at 9:48 AM August 11, 2010
Rather than trust the ACTU calculation people might like to go the the Australian Taxation site and check the above figures. Income $40000 -Abbott tax- $5250. ATO calculation for present tax on $40000-$5668. Saving $418. Looks like a typical Labor con to fool the public.

Comment 7 of 9
[http://www.dailytelegraph.com.au/money/money-matters/tony-abbott-backs-henry-tax-reform-but-that-could-mean-income-tax-slug/comments-fn300aev-1225903705913]

On the inadequacies of modern men

NEARLY every man on the planet is an inferior version of men that have come before, a visiting author says.

Peter McAllister believes modern man fails to live up to his legacy because his predecessors had to be faster, stronger, smarter and fitter to survive.

[...] McAllister argues that most men fall short of their genetic potential.

Others are pre-destined to have poor eyesight, simple minds, and weak muscles and bones.

He is in town for science week, promoting his book Manthropology, the Science of the Inadequate Modern Male. Tonight's free public event at the RiAus Science Exchange is fully booked.

"Men in the past were challenged very much more than men are today and they developed to a much higher level in all sorts of ways," he said.

"Even though we have a view of ourselves as being very highly developed, we're not anywhere near as developed as what we think. We don't challenge ourselves as much as men throughout even our recent history did."

Our male ancestors were bigger and stronger. Their lives depended on their ability to hunt and defend their territory. Modern males drive to the local shop, eat more than they need and avoid hard labour.

But as palaeo-anthropologist McAllister knows, the human body is designed to respond to stress. "That happens with your bones. The more mechanical load is placed on them, the more robust they become," he said.

The fossil record is filled with bigger bones, which suggest bigger muscles. Few people alive today have the strength of people from ancient times.

"If you look at the arm bones of elite tennis players, they have bone shafts nearly as thick as (the human ancestor) Homo erectus," he said.

"They have placed a lot of stress on their bones and they have developed quite strongly. That goes to show you that in ancient times everybody was equivalent to elite athletes."

Roman soldiers were fitter than elite solders of today and aboriginal people have better eyesight, four times better than those with a farming culture.

[http://www.adelaidenow.com.au/news/south-australia/measure-of-a-real-man/story-e6frea83-1225904112125]

"Non-Catholics influenced Vatican II liberalization of Catholic church, new Penn study says"

http://angelqueen.org/forum/viewtopic.php?t=33121

I found the following paragraphs particularly interesting:

The researchers found that the relationship between the church and state as well as changes in the institution's situation in relation to other institutions, particularly a loss of dominance and the presence of and relationship with other religious institutions, were crucial factors in predicting whether religious leaders would be open to change and also what kinds of change they would prioritize.

They concluded that in places where the Roman Catholic Church enjoyed a stable monopoly as the state church, religious leaders were almost impervious to outside influence and opposed to most kinds of change. In areas in which Catholicism was not the established faith but where the religious field was stable, however, leaders of other religious institutions were a crucial source of influence on Catholic bishops who attended and voted at Vatican II.

Here we see some benefits of Catholicism being a country's State religion and the Catholic Church its established Church, which (benefits) vindicate the perennial Magisterium's teachings on the social rights of Christ the King.

On political developments in The Kingdom of Tonga

In today's Herald:

TONGA MOVES FORWARD

Tonga is nothing if not counter-cyclical. Its prime minister, Feleti Sevele, was in Sydney yesterday and looking forward to stepping down at the country's elections on November 25, which will also mark the surrender of a large portion of royal power by King George Tupou V. Into the bargain, Tonga is preparing to send 55 marines from its small armed forces to Afghanistan, at a time when many nations are looking to pull out. ''It's quite something after 175 years,'' Dr Sevele said, referring to Tonga's stretch of unbroken absolute monarchy. ''But His Majesty has been the driving force.'' The 50,000 voters among Tonga's 104,000 residents, augmented by the 160,000-strong diaspora who return to vote, will elect 17 of the 26 members of the new parliament, leaving only nine representatives who are elected by Tonga's 33 hereditary nobles. The next PM will also be appointed by the parliament, not the king. Meanwhile there's an election issue to be mined among the 30,000 ethnic Tongans here. An import limit imposed by Tony Abbott when he was health minister on kava - the mildly euphoric root product - remains in force. ''It's still there,'' Dr Sevele said of the import limit. ''The reply has always been that medical issues have yet to be cleared up.''

[Bold type in the original,
http://www.smh.com.au/national/the-diary/tv1-court-out-by-miniseries-20100811-11zqx.html?skin=text-only]

Yesterday in history: The colony of New South Wales upgraded

From the "on this day" section of yesterday's Sydney Daily Telegraph's history page (p. 69):

1824
London upgrades NSW from penal colony to crown colony-a milestone on the road to democracy and nationhood.

It's interesting to learn about the different classes of colonies in the British Empire.

Reginaldvs Cantvar
Feast of St. Clare, Virgin, A.D. 2010

Monday, May 10, 2010

Notes: Tuesday, May 11, 2010

(This first edition of Notes covers last Saturday to today, inclusive of both.) [Update, Tuesday, May 11, 2010, approx. 0400 hrs.: After posting this, I noticed that I had forgotten that I had opened the Blogger "New Post" screen on Monday (but didn't hit "PUBLISH POST" till Tuesday), so when I wrote that "This first edition of Notes covers last Saturday to today", by "today" I mean Tuesday, not Monday, as one might have inferred from the day and date given at the top of this post.]

Mr. Gittins on the Henry Review

http://www.smh.com.au/business/how-much-stick-to-give-jobless-20100507-ujkx.html

I was disappointed but unsurprised to see, in The Daily Telegraph's recommendation-by-recommendation summary of the Henry Review last week, that one of the Review's recommendations was for the individual, rather than the family, to remain the basic unit for taxation. But perhaps this isn't such a bad thing, given that the Review's aim seems to be to make two-income families even better off relative to one-income families:
Now, it's clear from all the references to the ''tax and transfer system'' that one of the major goals of the review was to fully integrate the two systems - make them fit together better. That the two systems don't fit well can be seen from our frequent wrestling with the problem of high ''effective marginal tax rates''. Say a mother working full-time is considering moving to a tougher, higher-paying job. On each extra dollar she earns she would lose 31.5¢ in income tax. But she may also lose 30¢ in family benefit. If so, her marginal tax rate is, effectively, 61.5¢ in the dollar - well above the top tax rate of 46.5¢ and quite a disincentive.

It's clear the hope in getting the Henry review to look at the tax and transfer system was for it to find a comprehensive fix to the effective marginal tax problem.

But here's the scoop: it couldn't do it. After much effort it decided the two systems just couldn't be integrated. The problem is created by our love of means-testing, but is compounded because income tax is levied on the individual, whereas eligibility for transfer payments is based on the joint income of couples.

Its best suggestion was that the separate means tests for part A and part B of the family benefit be combined, with a single ''withdrawal rate'' of only 15¢ to 20¢ for each extra dollar of income earned.
(And here's another interesting figure from Mr. Gittins's article: "For every dollar the federal government gets in, more than 25¢ goes out in transfers.")

Ms Summers on fifty years of the Pill

http://www.smh.com.au/national/little-pill-that-changed-the-world-20100507-ujo8.html

Obviously I disagree with her on the liceity of contraception, but the article gives an insight into how the other side thinks.

Ms Smith on the N.S.W. State school ethics course

Here's a letter from yesterday's Herald:
Trial celebrates choice and parental responsibility

Date: May 10 2010

[...]

So what is the take-home lesson from the decimation of scripture classes by the ethics-course trial that Anglicans had predicted?

It's not a judgment on the quality of SRE classes, because it was parents who made the choice, without attending SRE classes or the trial classes. It's not a judgment on the quality of SRE teachers, because the ethics course teachers are simply civic-hearted volunteers like those SRE teachers who do not have theological or teaching qualifications (as many do). And it's not a judgment on the relative value of religion or ethics.

The take-home lesson is that the implementation of the ethics course created an ethical dilemma, which was the need to choose between ethics and religion when that choice should not have been necessary. The timetable slot is for SRE.

If the ethics course is not SRE, it should not be scheduled then and parents would not be forced to choose between a (heavily promoted) ethics course and religious education.

Claire Smith Roseville
[http://www.smh.com.au/national/letters/trial-celebrates-choice-and-parental-responsibility-20100509-ullk.html?skin=text-only]
And here's one from today's Herald:

All views count in schools blessed with tolerance

Date: May 11 2010

[...]

Claire Smith (Letters, May 10) is wrong. As a parent I am well aware of what goes in at an SRE class.

Over the years I've had to explain to my daughter that my wife and I will not end up burning in hell. I patiently had to explain the cultural difference between angels and fairies. I had to explain that the leaflet she had been told to bring home, which gave ''10 reasons why we know the Bible is true'', had no foundation in fact, that at best the evidence for the ''reasons'' given were dubious at best and outright lies at worst. So I do know what SRE is about. It is not about ethics; it is not about learning how religion has shaped our culture; it is definitely not learning about the life and nature of Jesus Christ. It is an attempt by the church to indoctrinate children, in the hope that it will put a few more bums on seats to bolster its falling numbers. And the reality is it doesn't work.

As for ''parents been forced to choose'', this too is a lie. Many parents have wanted for a long time an ethics and critical thinking alternative to SRE, preferably taught by trained teachers as opposed to ''civic hearted'' volunteers. Well, finally, some parents have a choice for their children, and the church is bleating.

Paul Gittings Russell Lea
[http://www.smh.com.au/national/letters/all-views-count-in-schools-blessed-with-tolerance-20100510-uojd.html?skin=text-only]

So "[m]any parents have wanted for a long time an ethics and critical thinking alternative to SRE". Now you might be aware that not just the Catholic Church and the Protestant sects are opposed to the ethics course trial, but so too is the Teacher's Federation, not because it subscribes to the content taught in Scripture classes, but because separate ethics classes would imply that pupils receive inadequate ethical formation from teachers. But Mr. Gittings and, apparently, "[m]any [other] parents" think that State school teachers don't even give pupils adequate instruction in critical thinking!

Mr. van Onselen on the porosity of Mr. Turnbull
As will the perception, if not the reality, of being indiscreet ["need to be remedied"]. Turnbull described himself on the ABC's Australian Story last year as "the soul of indiscretion". After his arrival in John Howard's cabinet, it started to leak. After he lost the leadership showdown with Brendan Nelson following the 2007 election defeat, Nelson quickly started to be undermined. When Abbott defeated Turnbull for the leadership last December, a private conversation between Turnbull and Julie Bishop in which she allegedly bagged Abbott leaked.

At one level skulduggery is expected in politics, but practitioners need to be discreet. Turnbull would do well to steer clear of low-grade political manoeuvring. Apart from anything else, he isn't much good at it.
[http://www.theaustralian.com.au/news/opinion/turnbulls-presence-looms-large-on-political-horizon/story-e6frg6zo-1225863814373]
Msgr. Fellay's latest Letter to Friends and Benefactors

http://www.dici.org/en/?p=4652

You might also want to check out the discussions on the Letter at angelqueen.org/forum and wdtprs.com/blog (at the latter, the comment by moon1234 — 8 May 2010 @ 4:10 am provides a useful recap on the status of the Second Vatican Council and its teachings).

Fr. Aidan (Nichols O.P.) and Mrs. Doorly on the Second Vatican Council and ecumenism

http://angelqueen.org/forum/viewtopic.php?t=31518

Ms Hogan on accusations of heresy

http://www.cathnews.com/article.aspx?aeid=21089

See also here and here for comment, by Terra and Mr. Schütz, respectively, about Ms Hogan's blog post. Someone ought to put Ms Hogan in her place and simply quote Fr. Küng on, say, the dogma of Papal infallibility.

Dr. Brown on St. Thomas Aquinas's doctrine on God as First Cause

Here's a fascinating comment by Dr. Robert Brown, a regular commenter at wdtprs.com/blog:
[... Dr. Brown] would not agree that St Thomas was working from the notion of a created world. His arguments move via abstraction from sensible knowledge to metaphysical knowledge. From the fact that the limited being that comprises all material existence needs a cause (and that an infinite chain of essential causes is impossible), he arrives at the knowledge of the existence of the First Cause, Whom we call God.

The very fact of limited being means that it must have been created, and so there is nothing a priori about his concept of a created world.

[...]

Comment by robtbrown — 7 May 2010 @
11:41 pm
[http://wdtprs.com/blog/2010/05/whats-wrong-with-this-cogito-ergo-sum-thus-if-i-think-i-am-reverent-i-am/#comment-203647]
Reginaldvs Cantvar
Feast of Ss. Philip and James, Apostles, A.D. 2010