Thread: CoronaVirus ==> Empty Shelves

Originally Posted by Simplicity

Just some light relief

Warning lots of rude words.
Well actually just one starting with F.


Facebook

Cheers Matt.

Ah . . . . linka, she's notta working'a

There’s some clever people out there

YouTube

Originally Posted by BobL

Ah . . . . linka, she's notta working'a

Too many video calls to the old country recently Bob?

Originally Posted by DomAU

I agree with the last part. The government shouldn't be bailing out the corporates, including the banks. I agree that the government shouldn't be handing out money to anyone. I also believe that the market should determe the interest rate - not be manipulated by central banks - which is the cause of most of the mess we are in.

Is that a change of mind or does the “anyone” above mean other that individuals ?

In Post #758 you say all should get a handout .

Not criticising, just interested in the discussion on handouts and a range of views.

I don’t get it now as I’m working but if I’d retired two years ago I would be getting it even though I’d be on similar monies.

Originally Posted by Tccp123

But heaven help them if they then come cap in hand asking for another handout!

Who has asked for a handout?

Originally Posted by BobL

Ah . . . . linka, she's notta working'a

Umm. Nor for me.

Regards
Paul

Originally Posted by FenceFurniture

Who has asked for a handout?

Sounds like a Ferengi Rule of Acquisition... #213 Never turn down a handout.

Originally Posted by Kuffy

But if they give me the money, I'll just put it into the stock market. That's probably good for future me, but does nothing for current Australia. To do the "right" thing for the Australian economy would be to buy something I wasn't already going to buy. Apart from food and utilities, what else is there to buy?

so, from this I can conclude that you work for the Government in an occupation deemed in the current environment "essential".

yes, or no?

If no, and I seem to recall you mentioning in the past week that you work for a truss manufacturer, what will you do when the economy tanks and no houses are being built? What will your weekly wage be in 4-6 week's time when the coronavirus unemployment peak hits? Will you be able to afford your mortgage (or rent) along with food and utilities?
People can't secure a mortgage to buy a new house when they are "temporarily unemployed" or on reduced hours and at current projections that will be about 50% of the entire workforce.

Originally Posted by BobL

Ah . . . . linka, she's notta working'a

Just re loaded

Cheers Matt.

Originally Posted by Bushmiller

It is open to discussion as to whether the stimulus helps the poor or the not so poor more. We have to remember that the "intention" of any stimulus is both to encourage people to spend instead of becoming spendthrift recluses and to enable people without an income to live (just). The huge ethical question is "how" that money is spent and presumably it is this to which you allude.

From that excerpt you have to question whether the recipient should have been entitled to any benefit in the first place or whether they were just plain stupid in how they spent their money (ie: on something relatively extravagant). Having regard to the fact that they posted such a disgraceful admission on Facebook for all the world to see including us very judgemental Forum participants (sure as hell, if I had spent the money that way, I wouldn't be telling anybody), I would lean towards the second explanation; Unmitigated, moronic stupidity.

Regards
Paul

My mate has gaming and prize machines in clubs, pubs, milk bars etc and he said his takings went up 50% for two weeks after the last cash stimulus handout

Just popping out to the shops honey,


Cheers Matt.

Originally Posted by Beardy

My mate has gaming and prize machines in clubs, pubs, milk bars etc and he said his takings went up 50% for two weeks after the last cash stimulus handout

I don't think I'd read a whole lot into that because there are people who will always spend money on that sort of thing, but I don't think they are all that big a percentage of the population. And just because they blow it on slot machines doesn't mean the stimulus won't work in the broader community.

Nice little seething hot bed of infection going on here
DTs Maralago resort is just above where it says Miami in Florida - nice little hot spot developing

Screen Shot 2020-03-28 at 12.59.03 pm.jpg

Originally Posted by forrestmount

Thank you for your contribution, my memory may be wrong but I thought anyone that lodged a tax return the previous year got paid money.

Forrest, I think that your memory might be faulty.
My memory is that Rudd's "cash splash" was based on welfare recipients and those tax payers who lodged a tax return showing taxable earnings less than some amount.
and it didn't matter when the matter when the return was lodged -- I recall a case where a tax payer received the "splash" several years after it was legislated.


after a bit of Googling source: The RD Guide To The 2009 Australian Government Stimulus Package Handouts - Insurance Articles - Rate Detective

How much will you get [from the Rudd "cash splash"]?
Depending on what your total income from all sources was last year [2007-2008 tax return]. The payment will be:

• $900 if your taxable income is up to and including $80,000
• $600 if your taxable income is between $80,001 and $90,000, and
• $250 if your taxable income is between $90,001 and $100,000.

If you earned more than $100,000 last year you won't receive a benefit payment.