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i cant remember.. the red 911 was ours, and we got just under what we wanted..

but the other cars I wasnt really paying attention too.

couldnt believe what the panamera went for though! such a nice car.

A mate of mine from the Brisbane Super Car Club said there were no surprises. Everything went for around about RRP, eg, the centre piece Lambo was $40k shy of RRP too.

yeh exactly..

but, I was told that all the LCT charges and Stamp duty was being taken on by the original finance company. which basically means, the PRIVATE (yes f**king private) owner that bought that car basically gets it on the road for what he paid at pickles lol.

so in hindsight, thats atleast $100k plus of a saving for a car thats done 470km's..

it was from the Sydney Lambo dealership that went under...

jeepers creepers, where to start! my oh my we have entered a fact free zone. Oh and i saw your original post, interesting edits....

you originally made the inference that my post suggested current gov was responsible for the suite of numbers i listed above. Read my post, i didn't apportion responsibility any which way, it was a rebuttal to your spurious claim that Gillard gov is "keeping its promises by screwing the country", if that were the case the country would be.... screwed, in your opinion. I then stated the FACTS, and if you believe the current economic conditions are analogous with a "screwed country" i don't think we are living on the same planet. And no objective, level headed person could share your assertion.

1. "we are the highest taxed people in the world"

Nope, Denmark and Sweden routinely, and continue to take that title. Your claim is just plain and utterly wrong. A few points. There's no point comparing ourselves to Libya or other such countries with crazy tax burdens (or lack there-of), it only really makes sense to compare to similar countries. The closest you'll get is the OECD. Of which, as of 2010 we are the 5th lowest taxing country as of percentage of GDP in the ENTIRE OECD

tax_overview-3.gif

Source of that graph is OECD and ABS, 2009 put us at 6th lowest. OECD data for 2010,,

http://www.oecd-ilib...table-2012-1-en

Puts us at 5th lowest in the OECD.

But wait, there's more... Treasury numbers for 2010-11 (not in the most recent OECD stats, but where they get the numbers from) note: "he tax to GDP ratio fell 4.2 percentage points to 20.1 per cent in 2010-11"

20.1 %! And you think we are the "highest taxed people in the world"??? - That level of tax take would almost put us at the VERY BOTTOM of the tax pile amongst OECD nations. That is just insane! This makes your assertion of our level of taxation untenable. Moving on...

DEBT

Again, facts aren't going to be too kind to you here either...

http://www.oecd-ilib...v-debt-table-en

Australia's ranking for 2012? Government debt as a percentage of GDP: 29.3% ranking us SECOND. Beaten only be Estonia and we even nudge out tax haven Luxembourg for 2nd spot.

Maybe you're thinking everyone is there or there-abouts, so being SECOND LOWEST doesn't mean much as the spread is narrow... not quite. Average Government debt to GDP ratio for OECD nations? a whopping 108.7%

So your second assertion that the "country is in debt up to its eyeballs" is also false. Debt to GDP ration of 28% is negligible, and of no particular concern. And if you're truly worried about a coming economic apocalypse (and it's fairly obvious you would advocate for a budget surplus position from your comments) explain how rushing to surplus is going to help if there is such nastiness coming our way? You can't simultaneously hold both positions.

But if you still think 28% is "up to your eyeballs", some guy called Glenn Stevens has had a few words to say on this over the last few years, July 2010, Anika Foundation speech (in response to audience question)

And in a speech this year, there's some more interesting comments from the RBA Gov, also alluding to this 'glass half empty' view that's taken hold... (wonder how that could have happened...)

sp-gov-240712-graph1.gif

sp-gov-240712-graph2.gif

sp-gov-240712-graph3.gif

Yep, doing amazingly fine given the current conditions around the world.

As for the mining boom? Did i refer to that? I don't think so. I was simply referring to the huge amount of capital works that is still to come. Do you think the rural millions in China/India are going to stop moving to the cities? Do you think Vietnam/Indonesia etc are going to stop developing? Just because commodity prices aren't stratospherically high does that mean the resource industry won't be profitable? The insane part of the party is over yes, but the party itself isn't. Even though it's not at all taking into account the full costs of extracting all those resources...

no point referring to all the other "fluff" in your post when we're discussing such weighty topics.

I have plenty more re: how well Australia is doing but this post is already long enough. I will revisit the RBA interest rates point you raised.

Yeah mate, you're right, who am I to argue. Gillard is the beez knees, the best Australia has every seen! The country is doing swimmingly well. Lets not worry about tomorrow, just stay the course and live long and prosper!

All Hail Juliar!

Edited by Wardski

don't conflate the two Wardski. The success of Australia doesn't belong to any single person/government or political party.

We have just had 21 years of consecutive economic growth... 21 years! That is fairly ridiculous, especially considering how savage the GFC has been on a lot of countries, especially the developed ones.

My post has nothing to do with thumbs up or down for the current Government, it's merely to show people like yourselves (and what seems to be a good chunk of the Oz public) that if you run around like the sky is falling in 1) you'll be shown to be factually incorrect and 2) it helps no one and just serves to depress confidence further.

To me, the idea of left/right, labor vs liberal/colation etc etc is a HUGE waste of time. What i especially have no time for is otherwise intelligent people who should know better talking things down just because they don't like who's in charge.

In the end, you made statements that were factually way off the mark, i pointed them out with evidence to back my claims. As you don't seem to be challenging what i have presented, one can only hope you may not actually think we are "up to our eyeballs in debt" or "the highest taxed people in the world". That's really all it comes down to. We would all be much better off if we ditched the old political paradigm and judged policy and outcomes on there merits.

I would encourage you to do the same, regardless of how much you might not like the party in power.

Ironically, Wardski who used sarcasm to accuse SS8 of being brainwashed or a Gillard-lover - simply for pointing out a few facts - is the one sprouting stuff that could come from right out of Tony Abbott's mouth. Or more likely the usual lowbrow press.

Nah that GT2 you're thinking of is still at the dealer's I think?

It was a Turbo, automatic.

ahh ok,

been watching the red 996 gt2 for ages on carslaes, its been coming down in price etc..

it disapeared of carsales recently though, so was curious if it sold? happen to know which dealer?

I can't remember sorry, I didn't even know it had disappeared. It looked like really good value.

Definitely a buyers market on 996s. They sit around for ages.

yea i know consider asking price was below 110k, for what i have only seen elsewhere advertised for 150k+...

i have a sus feeling though, seemed too cheap.

but i agree, i think 996 are great bargins atm... just wish i had some more cash, dont think i could sell the 34R to fund one either ha.

sorry for going OT

tax_overview-3.gif

Just to make a point without going into too much detail. The above is simply a graph of "Total tax revenue as a percentage of GDP", it doesn't take into account economic structure, tax burden per capita (which is really the only relevant way to look at tax) and many other factors (productivity, wealth, standard of living, etc).

You can have a highly resource rich country with a low population and high productivity workforce that can have a low tax revenue as % of GDP, but can still be taxed 90% of their earnings, making them very highly taxed individuals. I suggest you consider that regardless of Gillard or not, there is a shift occurring in the world at the moment which would have benefited Australia regardless. The world NEEDS more resources, the world NEEDS more food and we just happen to be in a lucky place to provide that (both geographically and by chance...eg what's in the ground). I believe any dipshit government could have done what government achieved financially... we've just been lucky. Look at every other policy / initiative / action, fails, fails, fails.

I GUARANTEE to you that unemployment will rise in Australia soon and largely in part because of the Labor government. I can't wait for the NBN, it's going to make all my video chats / conference work with my outsourced international workers even clearer / easier. I might even consider hiring more people at 1/4 the cost of Australian labour.

We actually have lower than you think, to the point where it's a problem:

http://www.theaustralian.com.au/national-affairs/treasury/productivity-gap-holding-back-growth-as-survey-ranks-australia-second-last/story-fn59nsif-1226439881599

Second worst in 51 countries (although improved recently).

I agree we have been lucky. I agree we might be in for a rough ride. I certainly am not naive enough to blame it on the current Government. The problem is structural and began at the end of the Keating Government. We rode a private debt bubble that Howard took credit for (and helped stimulate through first home buyers and tax reform), which is now deflating... Foreign debt grew nearly 400% under Howard and pumped primarily into housing (disgusting waste). Mining is not going to carry us on as originally expected and funnily enough you now hear Treasury hoping housing will provide the demand!

Anyway none of this is relevant to the thread.

Ironically, Wardski who used sarcasm to accuse SS8 of being brainwashed or a Gillard-lover - simply for pointing out a few facts - is the one sprouting stuff that could come from right out of Tony Abbott's mouth. Or more likely the usual lowbrow press.

Quite the opposite, but this is a forum so say what you want. I understand the statistics out there, but when statistics don't match what's happening in the real world (especially in unemployment), I tend to wonder what's really going on in Canberra.

Edited by Wardski

Just to make a point without going into too much detail. The above is simply a graph of "Total tax revenue as a percentage of GDP", it doesn't take into account economic structure, tax burden per capita (which is really the only relevant way to look at tax) and many other factors (productivity, wealth, standard of living, etc).

You can have a highly resource rich country with a low population and high productivity workforce that can have a low tax revenue as % of GDP, but can still be taxed 90% of their earnings, making them very highly taxed individuals. I suggest you consider that regardless of Gillard or not, there is a shift occurring in the world at the moment which would have benefited Australia regardless. The world NEEDS more resources, the world NEEDS more food and we just happen to be in a lucky place to provide that (both geographically and by chance...eg what's in the ground). I believe any dipshit government could have done what government achieved financially... we've just been lucky. Look at every other policy / initiative / action, fails, fails, fails.

I GUARANTEE to you that unemployment will rise in Australia soon and largely in part because of the Labor government. I can't wait for the NBN, it's going to make all my video chats / conference work with my outsourced international workers even clearer / easier. I might even consider hiring more people at 1/4 the cost of Australian labour.

Say no more. Seems people working in the real world have seen what I have seen.. Soon the boat people will be taking our jobs, and at 1/4 the cost.

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