Bill Shorten’s magic pudding

Crikey readers talk the budget reply, what schools could do with their $245 million for chaplains, and whether medical necessities could be made cheaper.

Magic pudding budget

John Shailer writes: Re. “Labor needs to lock in voter perceptions of the government now” (Friday). By rejecting key savings measures in the budget, Bill Shorten has condemned the next generation  to repay Labor’s debt of $667 billion, over $110,000 per household. Only the top 20%  income earners pay net tax after welfare and services are credited, and if the next 20% now pay some tax, it will secure our children’s future and avoid the Europe disease, such as Spain’s 50% youth  unemployment.

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4 comments

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4 thoughts on “Bill Shorten’s magic pudding

  1. Matt Hardin

    John,

    Are you including GST in that estimate of households net tax? Are superannuation tax credits welfare in your definition?

    Matt

  2. paddy

    Not sure where to put this, but I believe it’s welcome aboard the good ship Crikey to Marnie Cordell today.
    Hope you enjoy the ride and looking forward to your input.
    P.S. It’s probably time to update the “Crikey Crew” web page. 🙂

  3. Limited News

    I thought peak debt was $400 billion. Assuming 6.4 million households, that is $70,000 per household. Would be good to know where John Shailer’s numbers come from.

  4. Draco Houston

    A member of the “next generation” in my family has parents that don’t have stable jobs and are in their early 20s. I’m sure he’d be really grateful having to share his grandmothers spare room with his parents to fix The Debt. It’ll be a real load off his mind that debt repayments are lower some time in the future for the government.

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