DEBT TAX WON'T FLY
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
The stupid idea was never a chance of implementation and merely kite-flying for Tony Abbott to dump it claiming he is no Julia Gillard and he intends keeping his word.
While media’s Lefties were suggesting it was a certainty, the Post was dismissing the idea as fantasy. It can’t happen and won’t happen for these simple reasons:
1. It’s economically counter-productive, unnecessary and aimed at those who are already paying up to 49 per cent tax.
2. Abbott would be branded a liar, in the same way he branded Gillard, right up until and beyond the next election.
3. It won’t pass the Senate.
4. It would be crazy to include a tax Bill as part of a trigger for a double dissolution election if Clive decides to play funny buggers with the carbon tax.
If Abbott was fair dinkum about a “debt tax” he would wait a few weeks until the new Senate sits when it might have a chance of passing.
And it’s not until the new Senate sits that a double dissolution can even be considered. So he can’t be fair dinkum about a debt tax.
Now that Costello has joined the howls of derision about this crazy tax proposal Abbott will capitulate.
The solution to a budget “emergency” does not lie with lean taxpayers, it lies with an obese Government.