What The Federal Budget Means For Everyday Australians
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- čas přidán 13. 05. 2024
- Treasurer Jim Chalmers announced a surprise surplus for the second year in a row, but with millions of Aussies hoping for cost-of-living relief, what can be expected in this financial year's budget?
Kristina Hammond, who is currently looking for a second and third job, joins us.
#Auspol #FederalBudget #CostOfLiving
we are one of the richest countries in the world and we have working people sleeping in tents and people having to get 2nd jobs! we are turning into America.
Corporate donations in politics
As a country, Australia would be in the top 20 wealthiest countries on earth due mainly to its finite resources and massive exports. As individuals, Australians have the second highest household and personal debt on earth at 120% of GDP! Only the Swiss people carry more personal debt.
@@multioptioned blackrock is doing very well with their Australian investments
@@sonjakozman1699 we need money out of politics. it's not as bad as the US but we are getting there
Thank The LNP for Australia's great divide, and in America The Republicans. Neo Liberalism was a failed experiment.
Some pennies to try & buy some votes and no real measures to curb inflation.
You dont understand inflation.. they can spend a bit to help out ... but they can't spend to much
The last Govt own RBA govenor said they were leave 2 years of interest rate rises
That was before he 2 wars ... They have steered the ship well
@@apizone1
You don't understand economics. The government must slash all spending to curb inflation. Fat Tony's government is a basket case that is driving us to ruin.
@@apizone1you can't have atrocious grammar, like yours, and criticise someone else's understanding of inflation when yours ignores quantative easing.
@@sonjakozman1699 agreed .. my grammar is truly appalling .. BUT QE was Sco Mos response to COVID>> right or wrong the LNP real culpability was the 9 year of low skills spending and lack of infrastructure
Making it their inflation ...if you want to go beyond the 2 wars that are the main driver
one way or another .. its would be reidculou to blame the ALP .. who have acted quite Reasonably
@@apizone1 it would be idiotic to ignore that QE didn't have bipartisan support.
ALP and LNP share the same donor list and are happily corrupted by political donations, that then influence regulation and government programs.
Feel free to wake up at any time
They want to save poorer people money but this year they put up the PBS medication threshold?
But let me tell you... none on this panel are close to doing it tough....
If they care so much, why did they remove the low and middle income tax offset in the last two years?
That's up to $3000 for the low and middle income earners.
They could have leave it there while preparing for the stage three tax cut.
Price Gouging by Woolworths and also Coles is leading the crisis
Yes, it's not the government, it's those nasty supermarkets 🙄
I agree. I bought a few things today and it was $120... dog treats are now $7.50 for gods sake. they have doubled in the past 2 years. it's basiclly cardboad with some flavouring.
@@arcluxsupermarkets are paid up donors
I don't agree at all, the role of any business is to make money and last I checked coles and woolies were businesses. Your goal as a business is to return money to shareholders, its rough but its how it works. Coles and woolworths are not charities with affordable prices in mind even though the may say it and they do not need to have you as a customer as their priority. They will charge what they want and will keep doing so as long as you can pay. IF what they are doing isn't right (according to Australian standards) then it is the government job to put policy in to ensure they don't do "unjust" things. Why is their regulation in the finance world, cause without regulation lots of everyday mum and dad investors would get wiped clean so there are rules around it. IF what coles and woolworths are pricing is found to be unfair and un-australian, it is the job of the government to highlight which aspects are unfair but keep the balance so that we don't become socialists either and still keep a fair free market. Coles and Woolies have nothing to do with this, they are a business, you are not their priority and its the gov's job to maintain the rules to keep things balanced.
@@sia.b6184 well maybe we shouldn't have mechanisms that allow supermarkets (who dominate) can be allowed to make 2500% profits on fruit and veg
our washing machine brokedown yestday after 23 years and we don't qulify for the government program that gives you $200-$300 to replace your washing machine and buy a more energy efficent washing machine because we don't live in governmet housing. when the waiting list is 10 years in my town even tho I look after my dying mum and she is on the old age pension and I'm on the disability pension.
Sorry to hear that, if the government wasn't taxing you for your food, your fuel, your energy, your sport, your pets
Perhaps if we just had our money back then we wouldn't be so broke
@@sonjakozman1699 thanks. and I agree 100%
Just to clarify; You're saying that you've been waiting for ten years, with your disabled mother, for government housing and, had this housing been provided, then you'd be eligible for a rebate or funding towards whitegoods, but, due to no fault of your own, the simple fact that you've not yet been assigned a residence and are merely on the waiting list means that you are currently ineligible for the assistance replacing the machine?
The Project, where every intelligent person goes to for legitimate and credible news stories on politics and the economy! 😂😂😂
bahahaha and yes they're all entitled rich people
I used to stress every 3 months when the electricity and gas bills came but now I'm stressing daily. I'm going to end up having a heart attack or stroke. all the basics that you just need on this planet to live have gone sky high. shelter. food, water, electricity. it's getting to the stage where I'm thinking about the final option. I'm on a disability pension and life is killing me.
And yet you keep voting for it 🤔
I went from almost bankrupt, and being in a debt couldn't get out from. No possiblity to go out to work, because I was disabled veteran, birthed a disabled child. Had to raise him on my own, and no help or support coming from people, but I ended up getting understanding. I had to make difficult choices, and became a lot more disciplined, better at managing my money, raise a child, who is now an adult, who has learnt to live disciplined. They went from being no care about how its going to be paid for, because they want this and that, to ok, living constant No, can't have that, can't do that. But we believed for a life we could afford, even when we didn't have it, and came into that and had to live with choices, most people wouldn't even think of making and living until they have no choice. Our whole life turned around, and we lived our faith. We also have been renting, our house burnt down we lost everything and it wasn't insured at the time, and we put up with from government, bank and people, too bad, you still have to deal with it. We own land outright, debt free. We are hoping to build in a way we can afford to that, and when we don't know how, we have to learn and live it. That is why affordability is so important, and to have lives you can afford to live. That is also why being debt free and aiming for that is important. Being financially responsible and disciplined is important, its hard, difficult, but in the end its worth it. We had to learn to manage our money, and so glad we did. Glad also our government is learning as well. That is why I am glad, government is supporting housing affordability and they are on their journey of learning as well. In the end its going to be worth it for everyone.
We ALL remember that in the last days of SCO MOs govt ...his reserve bank governor said there would be 2 years of interest rate rises
That is not Labor's fault.... they have done some hard work here... Sensible stuff
You labor stooges are a joke. People are suffering and all you do is try to deflect blame away from the government. This mess is squarly labor's fault & they are only making it worse.
Being middle class means it is where you get squeezed the most. Too rich for assistance and too poor to benefit from "tax planning".
It's like being chained to an accelerating treadmill right now.
well $300 budget for each person OR EACH HOUSEHOLD over the age of 18?, wow thats 1 pack ofsausages a week OR 4 cigs a week OR or a middy a week .hmmm big choices here .thank heavens for this great budget jim we all aplaude OR JUST DONT TURN THE LIGHTS ON AND HAVE THE LOT.
Did you hear the one about the constipated treasurer?
He couldn't budget.
Housung, housing, housing.... 600k last year, 250k for nexr 2 years, we aren't building the houses, slowing in take doesn't help when the tub is overflowing...
So true, it sucks that it took so long to get the housing Australia future fund through parliament
What a hilarious joke.
Oh yes, the energy cut is $70~ off every bill, which is quarterly for most…
This applies to everyone, no matter how rich or poor.
The lower income taxcuts they had 2 years ago made a significant difference in terms of the costs of living but then you set it back?
Indeed if it doesn’t change soon and you don’t earn 80k+ Annually, don’t expect to be living anywhere near the CBD.
No rent crisis. Rent assistance it’s nothing
Increase migration so the corporations and property investors do well
they got30bn from mining ,bribed every one with $300 but kept the rest and braket creep and all the taxes on everything from petrol to stamp duty its a tread softly ,
Her eyebrows look good
Thank you for oping up my mind
It’s Rediclous $300. It nothing
Try living on 800 a fortnight and only eating 3 days a week
Time to stop sending money to the ukrane
Nahhhhh send them another billion and raise the gst
Yeah Aussie Aussie Aussie
Let me guess, increasing the gst and running even more money through a BLOATED and inefficient APS.
But hey, these guys are willing to print a trillion dollars, why are we worried about inflation, or silly deficits
Pension went up $29 a fortnight and WINTRINGHAM have upped the rent by $60 a fortnight . Originally paid $37 a week rent or $74 a fortnight in 1997. Now it's going up to $443.30 a fortnight for a housing commision one bedroom unit in Hobart .
I'm on the DSP and ithe rent assistance is not enough. especially when rent increases have been tripple what they gave us last budget.
@@MrBibi86 exactly
@@turbyoulance 10% is a joke. especelly when people can't get into government housing because there is a 10 year waiting list. so a lot of the poor are living in expensive private rentals and here in NSW they put solar penals on all housing commison houses and instant tankless hot water systems. that great but what about the poor living in private rentals our eneergy billls are going up and up because energy companies are trying to gain back their losses because of the people with solar. so renters and poorer people are getting hit. sorry for the long reply
The smallest box of coco pops is now $7 that proves we need to come down on companies harder! $7 for 350grams of coco pop! It’s time we showed these massive food companies that we see straight through them!
Corporate money in politics creates favourable conditions for the corporations, not you and me.
Time to wake up.