Friday, February 6, 2009

GST PLAN

(start background info)

In Australia at the moment the government thinks they can fix all of the ecconomic woes by giving small cash handouts to all of the disgruntled public. I am not alone in thinking rediculus policy. My boss (who designs and operates ferries) has put it beautifully by saying when you are running your ferry in bad weather, smashing the boat and the passengers to pieces, do you:

  • stay wide open throttle, slamming away at 20knots, while going around to the seasick passengers, refunding their tickets, or
  • pull back on the throttles and plot a more favorable course through the waves and keep your revinue.

(end background info)


I have a plan which I haven't heard debated. I smsed my gst plan to ABC-local-socialist FM when they had a finance guest on. They appear to have ignored me and now I am gonna burn down their building.


I belive n4rkla is assisting me bomb ABC bloogs and message boards, but I will also put it here.


GST PLAN:

A temporary reduction in GST from 10% to 0% for the period of one quarter.
Consumers have a direct incentive to spend like crazy rather than paying off debts, using pokies or being boring and saving it. Things will sell like hotcakes. Out they go! Out they go!

I am but a lowly naval architect and I am trying to work out why this isn't an option.
Who else (of us privateers) wants a new CST mast with 10% off the marked price?

8 comments:

  1. You should've called up...in the nude ofcourse!

    That is one thing missing from all the moth videos, commando mothing! Southport would be perfect, just make sure to get back in quick before the feds arrive! Bags not holding the video camera!

    Another item to add to the moth goals list...

    - Nude gybe

    Pics or it didn't happen.

    ReplyDelete
  2. First problem - starting the GST back up again.
    Serious withdrawl symptoms.

    So we gusset the end connection to reduce the stress concentration.

    In non NArch talk means ramp it back in, rather than start it up again - preferably in a peachy economic condition.

    ReplyDelete
  3. i don't wanna spend my money on clothes
    i wanna spend it on booze and ho's

    ReplyDelete
  4. The implementation cost for the cash handout system is restricted to the government department administering the scheme. The implementation cost for a reduction in GST would be spread across every single GST collecting entity in the country and probably be far larger and take far longer.
    I agree there are much better ways for the government to spend this money but the implementation cost and schedule probably rule many of these options out.

    ReplyDelete
  5. Just fill in your BAS form differently

    ReplyDelete
  6. The government can always print more money to pay for everything. Here in the nation of California, most of the government is shut down tomorrow, because the state does not have any money to pay state employees. Personally I think the Guvernator, Arnold Schwarzkopfnegger, should just go to Washington and pummel Obama until he agrees to fire up the printing presses and send a few truckloads of green out west, but that would be too easy I guess. I mean, why elect a former Mr. Universe if he can't bust out a little intimidation factor for the good of the State now and again. Sheesh!

    ReplyDelete
  7. yeah...but Labour always wanted to get rid of it anyway (or so they said, they wouldn't lie would they...), what better opportunity

    - retailers won't complain about the roll-back (which has always been Labour's excuse for not doing it so far)
    - roll-back and get a bit of cash flow, risk it with current state of affairs, support new plan or go out of business (choices, choices)
    - most businesses are using computerised accounting systems that have a tick box or value field for GST, untick it/set to gero, implemented (note: highly exaggerated implementation, actual implementation may differ to that shown on box)

    ReplyDelete
  8. came up with a problem...

    the bankrupt state governments will not agree to it because they get a big share of GST revenue.

    ReplyDelete