Treasurer Jim Chalmers Defends Federal Budget
Treasurer Jim Chalmers has defended the federal budget after the Opposition claimed that it is riddled with short-term solutions and inflationary time bombs.
Dr Chalmers joins us to tell us all about it.
#AusPol #FederalBudget #JimChalmers
Пікірлер: 82
Most expensive Country in the world for cost of living and Housing has risen sky high both renting and buying a home, this isn't good enough to make much of a difference
@cityplanner3063
27 күн бұрын
Move to a different state
@cxv6367
26 күн бұрын
@@cityplanner3063 tasmania is cheap
@shahannagrey8427
26 күн бұрын
Not to mention Grocery Bills……. I shop Aldi when I can!
Oh great. Let’s see that rent increase $25 extra a week… that results $7 per week out of pocket.
The Budget is a band aid solution. I wonder if all the politicians get a pay rise too. An energy rebate is great for me. Now I can use the oven twice a month and cook meals on the stove three times a month. Thank you Mr Treasurer for making my lifestyle better. The only thing is I cannot buy steak or meat products because it is too expensive.
@cxv6367
26 күн бұрын
polly pay rise is the only thing they all agree on
$300 energy cut is nice, but not gonna solve the issue. Its like i havent ate for 3 days, n u give me 1 single piece of cookie, ill take it n appreciate it. But not gonna help long term
I don't feel confident that the rental crisis will be lessened by this budget. We don't have the housing to support the current immigration numbers. The plans regarding building seemed half baked. There is already a MASSIVE trade shortage! We are going to both reduce immigration and somehow manifest the skilled workers needed to build these homes??? Press X for doubt..
@leapingdeer7880
26 күн бұрын
And without homes already for not only citizens, we also need extra home to house these "skilled" migrants
🤔 if they truly want to help poverty and families; why don’t they extend the personal income tax exemption to 1st $50k earnings without paying federal and state taxes? That would help these groups do to constant continuous rise in inflations.
@cxv6367
26 күн бұрын
make that the first $200k
@leapingdeer7880
26 күн бұрын
@@cxv6367no $60k and under as that's the low income brackets
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@cr8zymichael
26 күн бұрын
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
@AseoLimpieza
26 күн бұрын
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@semendx
26 күн бұрын
Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
@AseoLimpieza
26 күн бұрын
James Clark's market insights have consistently led to profitable decisions.
@OthelloTheiss
26 күн бұрын
Access to reliable information is crucial for financial progress. Grateful for insights that have helped me grow.
How can we have a surplus of aprox $2 billion when we have a $90 billion deficit,
@cxv6367
26 күн бұрын
have you failed accounting at school ?
trust government like trust crocodile .hahaha
@stevenreszegi1718
27 күн бұрын
lnp troll much?
just reduce immigration to solve housing crisis, easier than try to build 1 million homes why too hard
@rennmaxbeta
27 күн бұрын
Wef orders: replace the current population
@cxv6367
26 күн бұрын
that would be too simple for pollies to understand
So pensioners get ripped again!! We have the toughest lives! Once most of us pay rent or mortgage were left with just under half if not less and they expect us to live on $100 a week for food and other costs!! This is a band aid!
@RumperTumskin
27 күн бұрын
You could get a job? What happened to all your savings from a lifetime of hard work? Doesn't sound like you're very appreciative of the gift taken from working people so you can receive it for nothing.
@RRbudgets
26 күн бұрын
@@RumperTumskin I’ve have been on the pension since I was 15, I do have a job thank you very much! I wasn’t just talking about me ! When I made this comment, I was talking about the older generation who can’t work and only have a pension to live off of, Besides what I do with my work and my disability pension is non of your business! I love my job but it would be nice to hear that pensioners get some type of boost! Not just to miss out
@RumperTumskin
26 күн бұрын
@RRbudgets Disability support is quite different to age pension IMO. Pensions are already adjusted for inflation, plus many pensioners are eligible for a smorgasbord of additional support. Pensions are a very good deal for those receiving them, and a very high cost for those paying. If government payments increase with inflation, why don't the income tax brackets? The budget also froze PBS prices, which will assist many pensioners even as their payments increase
@RRbudgets
26 күн бұрын
@@RumperTumskin I agree with the you on the Pensions they are extremely different, I just wish that disability pensioners would even at least be considered in the budgets, because when they say the rental assistance and such will be increased by whatever it was I think it 8% whilst it is good that the aged pensioners get some relief I’m glad i just wish we disability pensioners got something as well, whilst I do work I only do two days a week at a disability work place because that’s all my health can handle Whilst I do understand where you are coming from it just sucks that a lot of the times disability pensioners don’t get anything when they do the budget! I am extremely grateful and happy that I do get the pension and I’m not complaining about that I just wish that they would take into account all pensioners not just one side of it! But on another note I’m happy that most of the health industry is getting the boost it deserves!
@johngurney1069
26 күн бұрын
@@RumperTumskin not a free gift worked our arses off to buy a house provide for our family, started work at 15 became a tradesman would not have taken more than a month of sick days off during my working life, i hope you live to a ripe old age so you will have health problems and understand why we cannot work. YES most of us did work very hard.
Whether a landlord owns 5 houses, or 1 house, unit or even business property, surly the power rebate is given to the tenants in the rented property who pay the power bill? A landlord isn’t going to live in 5 houses at once!! I don’t see how the oppression can make a big deal out of this when a huge percentage of properties are rentals!!!
@cxv6367
26 күн бұрын
maybe by increasing rents ?
@shahannagrey8427
26 күн бұрын
@@cxv6367 well that’s always in the future! They don’t need an excuse to do that. I have more worries about the Rates jumping again⬆️⬆️⬆️⬆️⬆️ they are ridiculous now! My Solar Panels are a Huge help.
khong lam cai goi government cua toi va government moi nguoi giong nhau xem nhu lam khong duoc dong nghia ha thap quy nghiem cua moi nguoi moi nguoi cung nhu toi governmet lam gi tuc cuoi khong cam thay khong tuc cuoi chuc nao ma trong long rat buc suc va giang du tai sao vay
This budget is a sick joke. I'll be very interested to see what Wayne Swann, Kevin Rudd and Paul Keating have to say about some of the black holes in this budget.
@cxv6367
26 күн бұрын
just leave Keating ... the other 2 clowns have not idea
@HyperHorse
26 күн бұрын
@@cxv6367 Well excuse me but at least Kevin Rudd had a big enough heart to hand out those stimulus payments after the GFC in 2008. I was able to buy a PC for my studies.
Im not sur if most people understand how inflation works but this budget will 100% push inflation up even further
@hjf3022
26 күн бұрын
Can you explain how?
@markbernard8312
26 күн бұрын
@@hjf3022 everytime the government injects cash into the market they do so at the cost of overuling the natural order of an economy aka the invisible hand. Therefore when government spends it is ussually in deference of the economy not in harmony with it. This will therefore constrict supply unaturally which then leads to an inflationary response. Primaraly this is because the government itself possess no true means of production. To make matters worse as government spending is a production black hole it takes necessary resources from the private sector which in turn constricts expansion in the private sector which then adds to inflationary pressure. The best thing the government can do is cut spending, not increase it and increase tax concessions as well as loosen regulation on business which in general is the strategy of most conservative governments which is why traditionally the economy tends to be better under conservative governments.
@cxv6367
26 күн бұрын
if they had kept the stage 3 cuts as planned the you not increase inflation .... like more poor people spending their tax cuts
thanks for giving back OUR money to the electricity companies!!!!!!
Nothing to help.
Hey Jim, why do people on 200k get $4529 worth of tax cuts but people on 40k get only $654. 🤔 You bang on about people doing it tough but it seems all your back benchers got the best deal seeing gov lowest paid are on 200k.
@hjf3022
26 күн бұрын
Because the person on 200k already pays more in tax than the person on 40k earns at all.
@cxv6367
26 күн бұрын
if you had half an idea you would know, how much tax does somebody on $40k pay compared to someone on $200k ....
@gikigill788
26 күн бұрын
Blame Scotty for passing that tax cut. Only so much can be done once Frydenberg passed the Stage 3 tax cuts as law and Liberals won't allow removal of the tax cuts for higher income either. Can't have your cake and have it too.
@RumperTumskin
26 күн бұрын
Why does someone who earns 40k this year get to keep 89% of that, but someone on 200k only gets to keep less than 68%? Under the tax changes, that goes almost 91% and almost 70% respectively. Let's not pretend the person keeping much more of what they worked hard for is the one getting shafted here...
Inflation up power petrol cost living up trying to crawl I to next lectern losers
Nothing will save labour
The rich get another cash boost. They really are the ones that need the extra cash. Jims cash service.
@cxv6367
26 күн бұрын
the rich get less of their money stolen by gov tax ... fixed for you