ESSP Discrimination of the highest order

[bayman]

Do you do* SturtPeter?

god i hope not

[bayman]

i think all the bonus money that go to those who waste it should be redirected to mal & he can punt with it & give those families/people a weekly bonus of just enough to get by on

[stan]

Economic Security Strategy Payment

What a disgrace, Mr Rudd decides to give a Christmas Bonus of $1000- per kid to "boost the economy", oh yeah but it is means tested so half the kids miss out. How is that fair?

What makes someones kid more important than the other? I thought this country was the fair country and we are all equal?

Obviously not, a cheap political shot 12 months after the election now the honeymoon is over to keep families pro Labor.

Discrimination of the highest order........

Well I have already said my piece on this issue in another area, so I want start again.

[Lunchcutter]

fortunately for us (me and my dh of 10 years) we have NEVER received one cent from the government. We do earn over 100K (just) per year because we are lucky enough to work our arses off at approx 50+ hours per week each in demanding/stressful jobs. Unfortunately, We have not been blessed with children, so no stimulus bonus for us (wouldn't get it anyway because of combined income of over 100k) we were not even eligible for the solar rebate when i enquired because that's now means tested... also if we were lucky enough to fall pregnant... you guesss it! no baby bonus... cause that's now means tested too... seems that us middle income earners are always copping it left, right and bloody centre rant over p.s. i have no qualms with the stimulus package being offered to pensioners and people on disability pensions.. good on em

[stan]

I like the report in the paper today that the pokies did well in december. Up by about 8 mill overall. If we dig up some comments from som Safootiers we will probably see plenty of posts about he pokies being the big winner from the stimulas package. Which again proves that the money perhaps didnt really go to the right people. Im pretty sure I said something about the highbury doing well from this about a few months ago.
Anyway as I said the money was always going to be headed for that direction. There you go.

[Q.]

Roughly doing the sums and assuming there are no other variables contributing to the increase in pokie revenue, it would be safe to estimate that around one percent of the handouts were probably used on pokies.

And is the problem the package or the pokies?

[stan]

Roughly doing the sums and assuming there are no other variables contributing to the increase in pokie revenue, it would be safe to estimate that around one percent of the handouts were probably used on pokies.

And is the problem the package or the pokies?

Roughtly doing sums. You want to make them public
Anyway the problem is probably both.
The money should probably be used to sure up major projects and atleast keep that section viable, would save a few more jobs at least.

[Q.]

Roughly doing the sums and assuming there are no other variables contributing to the increase in pokie revenue, it would be safe to estimate that around one percent of the handouts were probably used on pokies.

And is the problem the package or the pokies?

Roughtly doing sums. You want to make them public
Anyway the problem is probably both.
The money should probably be used to sure up major projects and atleast keep that section viable, would save a few more jobs at least.

$10bn package. Assuming QLDers receive 1/8 of it (although it is probably more), which would be $1.25bn. $15mil (the increase in pokie revenue) is a little over one percent of that $1.25bn.

[Psyber]

I think it is time some reward was offered to us unselfish self-funded retirees, who don't take from the public purse regularly!
[I may make a part-time comeback when I've returned to SA later this year.]

[Gozu]

I like the report in the paper today that the pokies did well in december. Up by about 8 mill overall. If we dig up some comments from som Safootiers we will probably see plenty of posts about he pokies being the big winner from the stimulas package. Which again proves that the money perhaps didnt really go to the right people. Im pretty sure I said something about the highbury doing well from this about a few months ago.
Anyway as I said the money was always going to be headed for that direction. There you go.

Of course the pokies did well they were meant to. The Government wanted the money going back into the economy and said a number of times they didn't care how as long as it went back in. If they didn't want some of it to go into pokies (and thus back to them) they wouldn't have handed out cash.

The money most certainly went to the right people. If it went to too many in the middle class or the yuppies it would've been saved. That defeats the whole point of it.

Another thing is I hate is how many people rip into the poor for playing the pokies. I personally can't stand the things but it's perfectly fine for the rich to pump their money into the stock market. The stock market is just rich man's gambling. It's fine for the rich trying to make themselves even richer but not for the poor desperately trying in vain to move up into the middle class.

[am Bays]

Good News the ESSP Mk II has been revealed..

The bad news is that you have to be a member of K-Ruds staff to get it...

http://www.news.com.au/adelaidenow/story/0,22606,24942163-5006301,00.html

[Dutchy]

The money most certainly went to the right people. If it went to too many in the middle class or the yuppies it would've been saved. That defeats the whole point of it.

Another thing is I hate is how many people rip into the poor for playing the pokies. I personally can't stand the things but it's perfectly fine for the rich to pump their money into the stock market. The stock market is just rich man's gambling. It's fine for the rich trying to make themselves even richer but not for the poor desperately trying in vain to move up into the middle class.

Are you serious? comparing the stock market to pokies is a stupid comparison, cant see my super fund investing into pokies

The point of the Govt saying spend it is surely against what they want to achieve long term and that is to have everyone self fund their retirement, if they were thinking long term they should have encouraged people to save it or give their super a boost.

PLus I think we are getting away from the main point of this, the $$$ was given cause you had kids, dare I say it should have been spent or saved for their future?

[Dirko]

PLus I think we are getting away from the main point of this, the $$$ was given cause you had kids, dare I say it should have been spent or saved for their future?

Spot on. The money we got went straight to them. A bit of furniture, the rest in the bank.....

[Q.]

Stimulus payments 'generated moderate spending'

A consumer survey has found most people who received cash as part of the Federal Government's economic stimulus package used it to cut debt or pay for living expenses.

The Australian National Retailers Association found the $10.5 billion spending package generated moderate spending.

It says 16 per cent saved the money, while about 20 per cent used it to reduce debt.

The Association's chief executive, Margy Osmond, says about 60 per cent of the recipients were careful not to spend the windfall in one lot

"They were very concerned to make sure they could pay off debt," she said.

"They're keeping the levels of their mortgages high in terms of repayments, and they were paying off credit cards with a little bit going on Christmas presents, but not nearly the amount that a lot of pundits would have expected."

Ms Osmond says it is not surprising people were wary about splurging in the shops

"I think the prospect of job losses going into 2009 has made everybody a little reluctant to put their hands in their pockets," she said.

"Having said that, there was a surge in spending over Christmas and that too a degree relates to a combination of the bonus and cuts in interest rates."


http://www.abc.net.au/news/stories/2009/01/22/2471625.htm?section=australia

[Booney]

What a shocking revelation,not every one spent it on a new plasma or coffee machine or Billabong T-shirt.

Wait until the people opposing it get wind of this...

[smac]

I think it is time some reward was offered to us unselfish self-funded retirees, who don't take from the public purse regularly!
[I may make a part-time comeback when I've returned to SA later this year.]

I hear boost juice are hiring.

[Q.]

What a shocking revelation,not every one spent it on a new plasma or coffee machine or Billabong T-shirt.

Wait until the people opposing it get wind of this...

Poor people just can't be trusted to spend money.

[stan]

The money most certainly went to the right people. If it went to too many in the middle class or the yuppies it would've been saved. That defeats the whole point of it.

Another thing is I hate is how many people rip into the poor for playing the pokies. I personally can't stand the things but it's perfectly fine for the rich to pump their money into the stock market. The stock market is just rich man's gambling. It's fine for the rich trying to make themselves even richer but not for the poor desperately trying in vain to move up into the middle class.

Are you serious? comparing the stock market to pokies is a stupid comparison, cant see my super fund investing into pokies

The point of the Govt saying spend it is surely against what they want to achieve long term and that is to have everyone self fund their retirement, if they were thinking long term they should have encouraged people to save it or give their super a boost.

PLus I think we are getting away from the main point of this, the $$$ was given cause you had kids, dare I say it should have been spent or saved for their future?

Yeah dutchy he is serious.

[Gozu]

The money most certainly went to the right people. If it went to too many in the middle class or the yuppies it would've been saved. That defeats the whole point of it.

Another thing is I hate is how many people rip into the poor for playing the pokies. I personally can't stand the things but it's perfectly fine for the rich to pump their money into the stock market. The stock market is just rich man's gambling. It's fine for the rich trying to make themselves even richer but not for the poor desperately trying in vain to move up into the middle class.

Are you serious? comparing the stock market to pokies is a stupid comparison, cant see my super fund investing into pokies

The point of the Govt saying spend it is surely against what they want to achieve long term and that is to have everyone self fund their retirement, if they were thinking long term they should have encouraged people to save it or give their super a boost.

PLus I think we are getting away from the main point of this, the $$$ was given cause you had kids, dare I say it should have been spent or saved for their future?

Yeah dutchy he is serious.

Dead serious. You'd be surprised at the things people's super does get invested into. Private Equity companies? If you've got shares in Woolies you are indirectly profiting from pokie fiends. At the end of the day like I said it's all gambling.

There is nothing long term in the government's thinking about this ESS payment. It is conceived to spend and help "kick start" the economy hence why some of the most disadvantaged got it. It's good to see you liked Keating's idea of having everyone self fund their retirements. That among other things is why most economists still say he's the best Treasurer we ever had. Unfortunately Howard and the economic vandals known as the Liberal Party didn't follow through on Keating's dream to bump it up to 15%.

The payment was meant to be spent and had nothing to do with the "future". They have declared their reasoning behind the payment a number of times.

[Dutchy]

doesnt make the reasoning right, maybe if everyone got it, it may have been different?