The Lair of the Emerald Serpent

It’s that time of the year again when both the state and federal governments put the final touches to their plotting and planning and preparations for the ritual of the dreaded annual Budget.
Of course the purse is always empty due to the appalling incompetence of the previous administration and drastic measures will have to be taken. There’s always talk of sacrifice, belt tightening and the usual predictable nonsense.

The Federal government has finally noticed that the big fat baby boomer bulge has now started moving to the retirement phase. So they are running around like headless chooks telling us that the sky is falling down. It didn’t seem to bother them back in 2003 to 2007 when they made massive tax cuts to the top end of the tax brackets and brought in a $5,000 baby bonus as if the good times were going to go on forever. Not once did they tweek the ridiculous 30% marginal rate on any dollar earned over $22,500 as if they believed that no one actually earned so little money. Of course the lower down the tax band that you change the rates the more it costs because everyone gets it. The Liberals under Howard did finally notice the ‘working poor’ and throw them a few crumbs in 2006 but by then it was far too late and they finally found themselves in the dustbin of history.
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