Who's online: speedzter, Willyd, Guests: 225
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  • speedzter Posts: 1741
    The 'Rat
    Motor Head speedzter
    08 Feb 2019 02:57 PM
    Quoting paulybronco on 08 Feb 2019 09:26 AM
    LOL But sadly its not the pub you should be pointing a finger at......A typical 24-carton of full-strength beer at 4.9 per cent alcohol will set you back $47.99. Of that, $16.49 is excise, then add $4.36 in GST. Yep, $20.85 is tax. At almost half of the retail price the most expensive ingredient in beer, is tax. Our beer taxes consistently rank in the top tier globally. There’s more though, the Government automatically increases beer tax every six months. And, we then pay 10 per cent GST on top of it all. Australians pay more than double the OECD average in beer tax. We pay over seven times more than Argentina, Belgium, Chile and Poland; over six times more than Austria, Hungary, the Netherlands and South Africa; almost five times more than Italy and Greece; double the beer excise paid in the US and almost double that of New Zealand.
    Another funny thing is it's cheaper to drink heavy Beer than light beer !.
    Light beer is generally the same or more exepesive than heavy .
    So you get twice as drunk for the same money !!
    Where's the health incentive to drink low Alcohol beer ?
  • Ratbob Posts: 794
    Adelaide Hills
    Performance Poster Ratbob
    08 Feb 2019 04:29 PM
    Quoting paulybronco on 08 Feb 2019 09:26 AM
    LOL But sadly its not the pub you should be pointing a finger at......A typical 24-carton of full-strength beer at 4.9 per cent alcohol will set you back $47.99. Of that, $16.49 is excise, then add $4.36 in GST. Yep, $20.85 is tax. At almost half of the retail price the most expensive ingredient in beer, is tax. Our beer taxes consistently rank in the top tier globally. There’s more though, the Government automatically increases beer tax every six months. And, we then pay 10 per cent GST on top of it all. Australians pay more than double the OECD average in beer tax. We pay over seven times more than Argentina, Belgium, Chile and Poland; over six times more than Austria, Hungary, the Netherlands and South Africa; almost five times more than Italy and Greece; double the beer excise paid in the US and almost double that of New Zealand.
    Quoting speedzter on 08 Feb 2019 02:57 PM
    Another funny thing is it's cheaper to drink heavy Beer than light beer !.
    Light beer is generally the same or more exepesive than heavy .
    So you get twice as drunk for the same money !!
    Where's the health incentive to drink low Alcohol beer ?
    Agree, and they say the beer price/tax is based on the alcohol content, this is another example of how we’re getting ripped off by the pubs. :)
    Bring in that Royal Commission.
  • rodders Posts: 5786
    Victoria
    Forum Legend rodders
    08 Feb 2019 04:41 PM
    Quoting paulybronco on 08 Feb 2019 09:26 AM
    LOL But sadly its not the pub you should be pointing a finger at......A typical 24-carton of full-strength beer at 4.9 per cent alcohol will set you back $47.99. Of that, $16.49 is excise, then add $4.36 in GST. Yep, $20.85 is tax. At almost half of the retail price the most expensive ingredient in beer, is tax. Our beer taxes consistently rank in the top tier globally. There’s more though, the Government automatically increases beer tax every six months. And, we then pay 10 per cent GST on top of it all. Australians pay more than double the OECD average in beer tax. We pay over seven times more than Argentina, Belgium, Chile and Poland; over six times more than Austria, Hungary, the Netherlands and South Africa; almost five times more than Italy and Greece; double the beer excise paid in the US and almost double that of New Zealand.
    Quoting speedzter on 08 Feb 2019 02:57 PM
    Another funny thing is it's cheaper to drink heavy Beer than light beer !.
    Light beer is generally the same or more exepesive than heavy .
    So you get twice as drunk for the same money !!
    Where's the health incentive to drink low Alcohol beer ?
    Quoting Ratbob on 08 Feb 2019 04:29 PM
    Agree, and they say the beer price/tax is based on the alcohol content, this is another example of how we’re getting ripped off by the pubs. :)
    Bring in that Royal Commission.
    It used to be based on alcohol content but then we had the Teen Alcohol Binge Crisis. Remember that one? Media reports flooded with stories and the occasional image of a young drunk. Alco-Pops where to blame they cried out. Along came PM Julia to save the day by lifting the tax to dizzying heights. A slab of JB&Cola cans jumped from $30..something to over $70. Suddenly....the media went all quiet so the problem must have been taxed out of existence.

    Flushed with this success she then tried to save the world by introducing a Carbon tax. How did that work out?
  • Ratbob Posts: 794
    Adelaide Hills
    Performance Poster Ratbob
    08 Feb 2019 04:46 PM
    Quoting speedzter on 08 Feb 2019 02:57 PM
    Another funny thing is it's cheaper to drink heavy Beer than light beer !.
    Light beer is generally the same or more exepesive than heavy .
    So you get twice as drunk for the same money !!
    Where's the health incentive to drink low Alcohol beer ?
    Quoting Ratbob on 08 Feb 2019 04:29 PM
    Agree, and they say the beer price/tax is based on the alcohol content, this is another example of how we’re getting ripped off by the pubs. :)
    Bring in that Royal Commission.
    Quoting rodders on 08 Feb 2019 04:41 PM
    It used to be based on alcohol content but then we had the Teen Alcohol Binge Crisis. Remember that one? Media reports flooded with stories and the occasional image of a young drunk. Alco-Pops where to blame they cried out. Along came PM Julia to save the day by lifting the tax to dizzying heights. A slab of JB&Cola cans jumped from $30..something to over $70. Suddenly....the media went all quiet so the problem must have been taxed out of existence.

    Flushed with this success she then tried to save the world by introducing a Carbon tax. How did that work out?
    Great laugh, cheers Rodders.
  • robots Posts: 1147
    Performance Poster robots
    08 Feb 2019 05:11 PM
    over 80% of banking conducted with Big4, any criminal charges Mr Haynne could find?

    ASIC couldnt get Westpac in court either, witch hunt that has cost Aussies around 40 billion
  • Nutty Posts: 256
    Stage 1 Poster Nutty
    08 Feb 2019 10:37 PM
    Quoting Ratbob on 06 Feb 2019 08:19 PMedited: 06 Feb 2019 08:20 PM
    How many of us would own anything if it wasn’t for the banks. 
    I agree there have been some poor cases but generally its just been a blame game for people’s poor financial choices. Why blame the bank if your business or farm or whatever goes bust.
    If people find a way to rip off a bank it’s all yihar, happy happy, the other way round it’s all boo hoo poor me, yet you’ll find their signature on all the conditions.
    I’ve got shares in most banks, after all they must be good, remember when the Labour Govt claimed our banks were so great they guaranteed them. How soon we forget.
    Quoting Nutty on 07 Feb 2019 11:16 PMedited: 07 Feb 2019 11:17 PM
    I get where you're coming from Ratbob but look at it this way. Is it your Electricians fault if he fucks up and burns your house down? Your doctors fault if he removes the wrong testicle? Your mechanics fault if he does an oil change and doesn't refill the sump?

    How come ordinary punters who know SFA about banking can't put their faith and trust in Professionals in the banking sector...but can in every other area of service indusry?

    I'm a financial idiot but I'm happily well-off in retirement through the good advice of Professionals. My BIL who was head of FX for Suncorp is also retired...and living in a rented apartment. 

    I take your point that we should watch out for own arses, but gee, there's a lot of folks like me who need to be able to trust the Pros...
    Quoting paulybronco on 07 Feb 2019 11:19 PM
    Nutty you need to learn the system, its currently a game and the casino wins in the end

    You're correct there Pauly.

    That's why 37 years ago I set up a pension fund on non-reducible capital which pays me my leaving wage, indexed to inflation for life.

    After two years I'm already making more than the blokes who stayed in the job because they don't get increases with inflation.

    I need something simple, safe and good advice, thankfully I'm set for life.


  • paulybronco Posts: 11157
    Forum Legend paulybronco
    08 Feb 2019 11:03 PM
    Quoting Nutty on 07 Feb 2019 11:16 PMedited: 07 Feb 2019 11:17 PM
    I get where you're coming from Ratbob but look at it this way. Is it your Electricians fault if he fucks up and burns your house down? Your doctors fault if he removes the wrong testicle? Your mechanics fault if he does an oil change and doesn't refill the sump?

    How come ordinary punters who know SFA about banking can't put their faith and trust in Professionals in the banking sector...but can in every other area of service indusry?

    I'm a financial idiot but I'm happily well-off in retirement through the good advice of Professionals. My BIL who was head of FX for Suncorp is also retired...and living in a rented apartment. 

    I take your point that we should watch out for own arses, but gee, there's a lot of folks like me who need to be able to trust the Pros...
    Quoting paulybronco on 07 Feb 2019 11:19 PM
    Nutty you need to learn the system, its currently a game and the casino wins in the end
    Quoting Nutty on 08 Feb 2019 10:37 PM

    You're correct there Pauly.

    That's why 37 years ago I set up a pension fund on non-reducible capital which pays me my leaving wage, indexed to inflation for life.

    After two years I'm already making more than the blokes who stayed in the job because they don't get increases with inflation.

    I need something simple, safe and good advice, thankfully I'm set for life.


    So an annuity is the product we are talking about?
  • Huckleberry Posts: 32
    Stock Poster Huckleberry
    10 Feb 2019 12:22 PM
    The banks have been caught out doing the wrong thing and ripping off many people, while a few lined their pockets and a few more (shareholders)  were also rewarded.  The thing is the client's interests are way down the list of priorities for big businesses like the banks, profits, executive salaries, and shareholders are what come first.   Banking can definitely be done better, and turning a blind eye to all the nasty greedy shit that has gone on, because you have some shares is also wrong.  Blaming people for not educating themselves with the way the financial world works is also wrong in my opinion, and it is especially wrong if you are profiting off it.
    Many people have shares in BHP, and are happy when the share price goes up, sometimes the actual cost of that share price going up is horrendous, in BHP's case the Ok Tedi mine in Paupua New Guinea that has caused environmental damage that is estimated to take 300 years to repair and has adversely affected over 50000 locals is one example.   Should these innocent people have taken out shares and educated themselves in mining environmental disasters?  The very recent dam collapse at a BHP mine in Brazil is another, but Hey if your share price went up then why give a fuck, right.   I don't know about everyone else, but if I go to someone's house and make a mess, I apologise and clean it up.   
    Big business, I don't trust the assholes!  Making money off fuckwits? No not for me.


  • Ratbob Posts: 794
    Adelaide Hills
    Performance Poster Ratbob
    22 Feb 2019 10:04 AM
    Quoting Ratbob on 06 Feb 2019 08:19 PMedited: 06 Feb 2019 08:20 PM
    How many of us would own anything if it wasn’t for the banks. 
    I agree there have been some poor cases but generally its just been a blame game for people’s poor financial choices. Why blame the bank if your business or farm or whatever goes bust.
    If people find a way to rip off a bank it’s all yihar, happy happy, the other way round it’s all boo hoo poor me, yet you’ll find their signature on all the conditions.
    I’ve got shares in most banks, after all they must be good, remember when the Labour Govt claimed our banks were so great they guaranteed them. How soon we forget.
    Jeeze Pauly, you know how to wind me up :)
    If all the properties were leased with rents flowing in, (if they’d bothered to do the math correctly which I doubt) they’d be laughing how they managed to cheat the banks and get their loans, so no sympathy from me.
    Their claiming dealing with the bank has devastated them, er, but they didn’t deal with the bank, they used a broker, probably because they knew the banks wouldn’t approve the loans directly and then they fess up to not even reading or understanding what they signed. ie “unaware the interest only period would end”
    Duh, the banks crime is dealing with dumasses who desperately want to blame someone else when their own actions go belly up.
  • paulybronco Posts: 11157
    Forum Legend paulybronco
    22 Feb 2019 10:14 AM
    Quoting Ratbob on 06 Feb 2019 08:19 PMedited: 06 Feb 2019 08:20 PM
    How many of us would own anything if it wasn’t for the banks. 
    I agree there have been some poor cases but generally its just been a blame game for people’s poor financial choices. Why blame the bank if your business or farm or whatever goes bust.
    If people find a way to rip off a bank it’s all yihar, happy happy, the other way round it’s all boo hoo poor me, yet you’ll find their signature on all the conditions.
    I’ve got shares in most banks, after all they must be good, remember when the Labour Govt claimed our banks were so great they guaranteed them. How soon we forget.
    Quoting Ratbob on 22 Feb 2019 10:04 AMedited: 22 Feb 2019 10:05 AM
    Jeeze Pauly, you know how to wind me up :)
    If all the properties were leased with rents flowing in, (if they’d bothered to do the math correctly which I doubt) they’d be laughing how they managed to cheat the banks and get their loans, so no sympathy from me.
    Their claiming dealing with the bank has devastated them, er, but they didn’t deal with the bank, they used a broker, probably because they knew the banks wouldn’t approve the loans directly and then they fess up to not even reading or understanding what they signed. ie “unaware the interest only period would end”
    Duh, the banks crime is dealing with dumasses who desperately want to blame someone else when their own actions go belly up.
    It is a blame generation. Its interesting how of the many legitimate cases they picked this one to showcase bank practises. I say "Case dismissed" in this example
  • imoo6170 Posts: 551
    Sydney
    Performance Poster imoo6170
    23 Feb 2019 09:16 AM
    Quoting Ratbob on 22 Feb 2019 10:04 AMedited: 22 Feb 2019 10:05 AM
    Jeeze Pauly, you know how to wind me up :)
    If all the properties were leased with rents flowing in, (if they’d bothered to do the math correctly which I doubt) they’d be laughing how they managed to cheat the banks and get their loans, so no sympathy from me.
    Their claiming dealing with the bank has devastated them, er, but they didn’t deal with the bank, they used a broker, probably because they knew the banks wouldn’t approve the loans directly and then they fess up to not even reading or understanding what they signed. ie “unaware the interest only period would end”
    Duh, the banks crime is dealing with dumasses who desperately want to blame someone else when their own actions go belly up.
    Quoting paulybronco on 22 Feb 2019 10:14 AM
    It is a blame generation. Its interesting how of the many legitimate cases they picked this one to showcase bank practises. I say "Case dismissed" in this example
    Yeah plus one here - the attitude these days of "it's never my fault" really pisses me off.
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