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Labor’s suicide by death taxes

Labor’s wanton suicide by inheritance taxes

Bill Shorten must think he  killed a Chinaman and is thus under seven years of bad luck when he heard his union masters calling for a green light for people smugglers and worse—’death taxes’ on inheritance money and presumably, all other assets. Go ahead you dopes, do it! That alone should jolt the senses of every Australian with living parents. Especially those parents that believed in working their guts out, going without, scrimping and saving so they could shuffle off to God leaving it all to their kids to piss up against the wall—as so often is the case. The parents will be gone from the clutches of avaricious Labor crooks and so will the children’s inheritance—the mere mention of death taxes, etc is political suicide. The kids in dire disappointment would have to be total morons to vote Labor—ever!

Source: News Corp

Inheritance tax on list of union demands for Bill Shorten

POWERFUL union leaders are calling for Bill Shorten to introduce a death tax in their latest demand ahead of the federal election.

The call for a new tax on children who inherit cash and property when their parents die comes after the Australian Council of Trade Unions pressured Mr Shorten to announce he would stop turning back people-smuggling boats and end offshore detention if Labor wins government.

The Saturday Telegraph can today reveal the ACTU this week agreed to a plan to push for an inheritance tax, which was abolished in Australia almost 40 years ago.

“An inheritance tax on the wealthiest estates can restore fairness to our tax system and ensure the very wealthy and big business pay tax,” an ACTU spokesman told The Saturday Telegraph.

In a policy document signed off by ACTU members this week it states: “Consideration should be given to taxing inheritances in the hands of the beneficiary.

“A lifetime threshold could be made available to the taxpayer with tax payable once cumulative inheritances exceeded the threshold.”

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

Mr Shorten also did not comment yesterday on the ACTU’s demands he wind back the government’s tough border protection policies.

Prime Minister Malcolm Turnbull yesterday accused Mr Shorten of being controlled by “union paymasters” who were demanding that he “weaken our border protection, which will again outsource our borders to people smugglers”. “The prospect of a Bill Shorten government controlled by unions, weakening our border protection policies, outsourcing our sovereignty, our borders to people smugglers, that is a real threat to the security of Australia.”

{ 20 comments… add one }
  • Pensioner Pete

    PP hopes Labor proceeds with the inheritance tax proposal, as surely then, come next federal election we have a good chance of a hung parliament, leading hopefully, to the removal of both Shorton and Turnbull with the resulting turmoil leading to a government forced to follow the wishes of the people via a grasp on political power by honorable independents.

    • Popular Front

      ‘honourable independents’ PPete? The last time we walked that road we got Oakeshott and the bastard Windsor – my then federal member – who promptly sold us out to the Gillard rabble.

      • DT

        Tony Windsor, cousin of Bruce Hawker the Labor Spin Doctor.

        Windsor and Oakeshott both recruited by Rudd Labor in or around 2008 after Oakeshott became the MP for Lyne at a by election. Both had state relations with NSW Labor when they were state members.

        Both part of the Eddie Obeid “independent” trustworthy former Nationals recruits for Labor in electorates where Labor & Green combined preferences would not succeed for a Labor-Green branded candidate in NSW.

        Where is Richard Torbay the former member for Armidale electorate who resigned when the ICAC was making inquiries about political affiliations and payments?

      • Pensioner Pete

        PF: Those whom you mention, are what I class as ‘dis-honorable’ scum. Not all independents are of their ilk.

    • Graham

      PP, I agree, there are quite a lot in the government that should be hung!

  • DT

    Tax revenue is falling, too many migrants arriving who remain long term welfare recipients, businesses packing up and leaving Australia taking jobs offshore, what a mess.

    And where have unions been as the Whitlam Labor Lima Agreement (UN) bites? And all the other national prosperity vandalism since the 1970s?

    Not much left so the leftists now seek to impose death duties or taxes.

    Shorten Union controlled Labor and their Green partners the worst choice for voters young and old, Turnbull Party slightly better.

  • Jack Richards

    So Labor want to bring back death taxes to pay for the flood of illegal aliens.

    Not quite 40 years ago I had a bachelor grand-uncle die and leave me his entire estate. He’d served in the British army in WW1 as a 17-18 year old (migrated here in 1922) and joined up and served with the Australian 9th Division in 1939 – served in North Africa, Greece and Crete and then in New Guinea- and stayed on as a Staff Sergeant until retirement at 49 in 1949. He then got a job as a janitor at the ANU in Canberra and worked there till he retired to the aged pension at 65 in 1965.

    He’d paid tax on every cent he’d ever earned.

    In any event, when he died his estate was valued at just on $10,000. The death duties took 35% of it.

    How can it possibly be fair to tax again what’s already been taxed?

    But Labor and their union masters want to do it – just like they want to abolish cash refunds for “franking credits”. A lot of people don’t know what a “franking credit” is and Labor push the lie that it’s free money sell-funded retirees (like me) get for nothing from companies in which they own shares.

    If you own shares in a company you get a share of the profits (dividend) of that company. That profit is taxed at the company rate of 30% and that amount is deducted from your dividend. That 30% tax is called a “franking credit” and you can offset that against any other tax liability or get it as a tax refund.

    I own 500 shares in Wesfarmers and recently got a dividend of $1000 of which $300 was paid in company tax – so I ended up with $700. Being a low income earner I’ll probably get that $300 as a tax return under the current system. Labor tell me I didn’t earn that $300 and they’re going to keep it.

    Labor’s plan to steal the franking credits of self-funded retirees AND impose death duties again … well what’s the use of saving, of being thrifty, of planning for your own old age and doing for yourself? They’re just going to steal it to give away to illegal economic migrants and their Bolshie mates.

    If it looks like Labor and their Green allies may win government my advice to everyone nearing retirement or already retired is to sell everything you have, travel the world 1st class, or give it all to your kids and throw yourself onto the welfare system. That’s what I’ll be doing.

    • Joe Blogs

      As Ben Franklin (or was it “Franking”) said in 1789, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

      Pity he gave the bastards an idea.

    • Bob

      Spot on JR , funny enough I was thinking about that the other day before this published article ,not surprised to introduce Death tax in the future , labor knows it is no brainer and political suicide hence ‘ keep it quiet ‘ and once we are in power implement it , that’s why Shorten firmly denies it at this moment.

      • Bob

        Had a chat with one of my lefty daughter and husband ( both teachers ) the other day , they don’t have a clue and angry that I don’t pay tax as a self funded retiree on my income through investments in pension mode and claim back the tax paid on my dividends ( franking credits ) , the sorry souls pay into their compulsory super and have no idea or interest where their money is going , fees etc.
        they probably applaud the inheritance tax as long as it doesn’t affect them and will keep on voting labor , anyway that’ s their call , in the meantime my dear wife and I traveling the world , business class travel etc and when the time comes when the Grim Reaper calls us , they will find out

  • If rotten Labor wins the next federal election the flood gates for the New World Order’s direction on life universal will begin in earnest. Immigration, both legal and illegal, will be rampant. Expect a number of regulations that would be absolutely rejected by the populace today, to be enacted once the commies are activating the new rules. Children’s education will become a picnic for the homo brigade as they continue their push for gay ‘rights’. A vote for Labor is a vote for the abolition of christian values. Just don’t do it!

    • Neville

      Yep.
      Put the Greens last.
      Put Labor second last.

      And put an Independent-Conservative type first.

      • angry

        Agreed! Also, put liberals/nationals third last.

  • Biking Voter

    While ever we are burdened with Labor and Greens it is patently obvious that Communism is alive and well in this country.

  • Stories like this get me thinking that Labor is quite happy to do what the Republicans did in Washington pre-Trump: sit back on a comfortable stipend and snark at the government, while showing minimal aspiration to take power themselves.

  • Zoltan

    If nothing else the tax lawyers will be rubbing their hands together at such “good” news, they have ways to save your estate from the tax man…….. At a fee

  • Austin Ayforti

    “An inheritance tax on the wealthiest estates can restore fairness to our tax system and ensure the very wealthy and big business pay tax,”…or I suppose the unions can begin to pay tax in their quest for fairness.

  • Deano

    Annoyingly, Labor will promote this turd of an idea with the claim that “most Australian’s believe this is a fair and just tax”. And their mates at ABC/Fairfax will offer ‘expert’ after ‘expert’ to support them.

  • John Klasen

    I’ll make sure they wont get a penny The thieving barsteds I thought Ned Kelly was dead ???

  • JG

    How come the main stream media has not mention this ALP/Union class warfare to rip taxpayer, pensions and their children off. Time for some one to robcall the votes in the bi elections.
    Union rule ALP and more than half existing ALP are ex union power brokers. How can it be OConner does not have a conflict of interest when his brother is a powerful CFMEU broker?

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