another brilliant idea by wookimeister

make any share being bought by the average punter totally tax deductible

if joe average buys a 1000 dollars worth of Qantas shares he gets a tax deduction of 1000 dollars

you could have perhaps a cap of 10,000 dollars

the other proviso is that you have to hold onto the shares for 5 years or more

wookiemeister said:

another brilliant idea by wookimeister

make any share being bought by the average punter totally tax deductible

if joe average buys a 1000 dollars worth of Qantas shares he gets a tax deduction of 1000 dollars

you could have perhaps a cap of 10,000 dollars

the other proviso is that you have to hold onto the shares for 5 years or more

At the end of 5 years, you still end up with shares in an unprofitable private company.

Why?

What’s the benefit of this?

1. Fly Qantas
2. Stop hiring shit managers

Maybe Qantas should abandon its international routes. It’s doing fine domestically.

Dropbear said:

1. Fly Qantas
2. Stop hiring shit managers

3. Don’t fly near-empty aeroplanes on unpopular or unprofitable routes.

its a stop gap measure save the airline without government money

people invested into queensland rail recently, good move? queensland rail at the time was 3 billion dollars in debt , after privatisation it is more than 3 billion dollars in debt.

I bet you’d find enough punters willing to take a bet

with the backing of tax deductibility Qantas could be saved with private money – after all most of the tax the government is squandered on stadiums, potplants and military helicopters and jet aircraft that will never work or essentially be defunct and useless.

offering the public to gain something with out the burden of onerous government incompetence will bring money

its a stop gap measure save the airline without government money

—-

I think the responsibility for saving the airline rests with the airline.

dv said:

its a stop gap measure save the airline without government money

—-

I think the responsibility for saving the airline rests with the airline.

but it isn’t going to cost the government a penny that they would have squandered anyway

the machine keep travelling along with some adjustments to stop the silly decisions happening

sorting out the unions would help – make the people who work for Qantas buy the shares in it – this stops the strikes – you want to strike over something silly – that’s going to hurt you personally twice in the wallet.

wookiemeister said:

its a stop gap measure save the airline without government money

Well, in reality that would be about 30% government money – forgone tax. Or are you suggesting that all of the share cost comes off the tax bill? In that case, it’s 100% government money.

Qantas can have a look at its routes and start making rational decisions

keep the servicing component in Australia

start looking into bio fuels to use in the aircraft

stop putting newspapers in the aircraft have the newspaper in electronic form to reduce every scrap of weight

use robots to dispense meals not crew its too slow

use the system where all the people by the window board first, the middle seat next and the aisle seat last

stop excess luggage being taken on board so the last people boarding can find space for their carry on

there are so many ways to make any process like this much more efficient you can save millions of dollars – aircraft get away on time and the service builds reputation for reliability.

asking the people who do the job how to save money will help too.

Michael V said:

wookiemeister said:

its a stop gap measure save the airline without government money

Well, in reality that would be about 30% government money – forgone tax. Or are you suggesting that all of the share cost comes off the tax bill? In that case, it’s 100% government money.

if the government can’t get the money to build the “NBN” then so be it

the government can raise money by taxing the transfer of money to collect extra debt

the liberals brought in gst on the back of telling us they would never expand the tax – now they are

stop spending money on stupid things and the system sorts itself out

the problem is that the system relies on the government to bankrupt it so there will always be poor people – its designed to stop progress for joe average.

Yeah maybe they will do those things.

They have nothing to do with your stupid idea in the OP about the govt giving special breaks to a particular company.

dv said:

Yeah maybe they will do those things.

They have nothing to do with your stupid idea in the OP about the govt giving special breaks to a particular company.

you’ll find that my stupid idea is already in place – its called tax imputation the way the middle class off set their tax by buying tax – I’m just extending this idea to its fullest logical conclusion

you don’t live in Australia DV so don’t lecture to me about whats good for the country I live in

“you’ll find that my stupid idea is already in place “

You’ll find all kinds of stupid ideas in place.

I think they really do need to get away from idea of protecting individual companies. If Qantas really can’t work out how to remain viable without special deals from the government, they shouldn’t be in business.

“you don’t live in Australia DV so don’t lecture to me about whats good for the country I live in”

I pay taxes in Australia, but frankly I’ll comment on anything I want to comment on, without your permission.

dv said:

but frankly I’ll comment on anything I want to comment on, without your permission.

Ooo…errr.

sucks air through teeth

I was just saying yesterday we haven’t had a Wookie Economics report for a while.

They need to make a decision about whether QANTAS is a “national carrier” ornjust another commercial enterprise.

A national carrier is often subsidised or given favourable treatment so they can provide services not on a strictly commercial basis for the airline, but services that promote or benefit the country as a whole. A loss-leader to bring in the tourists for example.

We need to decide which QANTAS will be, and stop pretending that they can exist in a perpetual state of being half-pregnant.

party_pants said:

They need to make a decision about whether QANTAS is a “national carrier” ornjust another commercial enterprise.

A national carrier is often subsidised or given favourable treatment so they can provide services not on a strictly commercial basis for the airline, but services that promote or benefit the country as a whole. A loss-leader to bring in the tourists for example.

We need to decide which QANTAS will be, and stop pretending that they can exist in a perpetual state of being half-pregnant.

Interesting choice of words in that last sentence…

Maybe they need a better ambassador than John Travolta.

party_pants said:

They need to make a decision about whether QANTAS is a “national carrier” ornjust another commercial enterprise.

Well, it obviously isn’t; not since that evil Labor government sold it off!

If share prices are any guide Air New Zealand are doing a lot better than Qantas is. I wonder what they are doing differently?

http://hfgapps.hubb.com/asxtools/Charts.aspx?asxCode=QAN&compare=compare_code&indicies=0&compareCode=aiz&chartType=aiz&pma1=0&pma2=0&volumeInd=9&vma=0&TimeFrame=M5

There are some pretty tough restrictions on the ol’ national carrier
http://www.abc.net.au/news/2013-12-14/abbott-floats-ditching-qantas-sale-act/5156766

Divine Angel said:

Maybe they need a better ambassador than John Travolta.

Indeedy!

They need to get back to their root routes, just concentrate on Queensland and the Northern Territory until their fiscal position improves, if they don’t they’ll become the flying albino pachyderm.

Realistically, we need to keep Qantas flying.

As Frank Zappa once stated, to be a country you need a beer and an airline. We’ve got quite a few beers.

sibeen said:

party_pants said:

They need to make a decision about whether QANTAS is a “national carrier” ornjust another commercial enterprise.

Well, it obviously isn’t; not since that evil Labor government sold it off!

That’s what I mean. Sell it off so it has to operate commercially, but restrict foreign ownership to under 49% so we can still pretend it’s an Australian company.

sibeen said:

Realistically, we need to keep Qantas flying.

As Frank Zappa once stated, to be a country you need a beer and an airline. We’ve got quite a few beers.

And there’s no way I’m flying Wookie Air.

Divine Angel said:

sibeen said:

Realistically, we need to keep Qantas flying.

As Frank Zappa once stated, to be a country you need a beer and an airline. We’ve got quite a few beers.

And there’s no way I’m flying Wookie Air.

I’m thinking of starting a new airline using Russian built aeroplanes.

It seems that since 2001 Air New Zealand is again government owned so that may be their secret right there.

>I’m thinking of starting a new airline using Russian built aeroplanes.

Build them yourself. You can make armchairs, why not aeroplanes?

Bubblecar said:

>I’m thinking of starting a new airline using Russian built aeroplanes.

Build them yourself. You can make armchairs, why not aeroplanes?

It’s a question of time. Maybe I’ll just do the interior furniture :)

dv said:

“you’ll find that my stupid idea is already in place “

You’ll find all kinds of stupid ideas in place.

I think they really do need to get away from idea of protecting individual companies. If Qantas really can’t work out how to remain viable without special deals from the government, they shouldn’t be in business.

“you don’t live in Australia DV so don’t lecture to me about whats good for the country I live in”

I pay taxes in Australia, but frankly I’ll comment on anything I want to comment on, without your permission.

so how’s the caning thing going in the ‘pore these days

Witty Rejoinder said:

I was just saying yesterday we haven’t had a Wookie Economics report for a while.

I’ve been collecting all my juices

party_pants said:

sibeen said:

party_pants said:

They need to make a decision about whether QANTAS is a “national carrier” ornjust another commercial enterprise.

Well, it obviously isn’t; not since that evil Labor government sold it off!

That’s what I mean. Sell it off so it has to operate commercially, but restrict foreign ownership to under 49% so we can still pretend it’s an Australian company.

if you make it tax deductible to Australian residents it will stay in Australian hands

Divine Angel said:

sibeen said:

Realistically, we need to keep Qantas flying.

As Frank Zappa once stated, to be a country you need a beer and an airline. We’ve got quite a few beers.

And there’s no way I’m flying Wookie Air.

the last time I flew Air Wookie I was the rear gunner

Witty Rejoinder said:

Maybe Qantas should abandon its international routes. It’s doing fine domestically.

That is very true… The international business is losing money hand over fist, but th domestic business is still going great.

Qantas’ Brisbane to Emerald route is it’s single most profitable.

i see the usual pattern. come up with a daft idea, ill thought out. when others knock holes in it go to stupid mode because you don’t have a cogent argument.

JudgeMental said:

i see the usual pattern. come up with a daft idea, ill thought out. when others knock holes in it go to stupid mode because you don’t have a cogent argument.

the whole point of the idea is to redirect money away from a government that is in trouble with money

its better for lots of people to have a thousand dollars invested in Qantas than a thousand dollars given to the government – the same government about 5 weeks ago told us that they needed to borrow more money and two weeks later told us they were expanding the GST (presumably to just pay the interest on the loan).

this is how things will get better – not by giving more money to something that can’t ever get better – if Qantas makes profit then guess what? the government can tax it and continue taxing it. taxing the population as a whole by more taxes on the population will trigger a massive recession – its happening.

you need to use your brains when it comes to tax – you’ve got to tax sustainably – taxing when theres nothing left more to tax without causing massive waves is suicide.

in a few years time the government will be in more trouble with money – not less. how do I know? because the government is going to borrow more money – just ask joe hockey

in a few years time Qantas will still be running and hopefully making profit which can make profit

guess what?

if you have shares in the airline guess which airline you’ll be flying

wookiemeister said:

in a few years time the government will be in more trouble with money – not less. how do I know? because the government is going to borrow more money – just ask joe hockey

Yet we’ll still have one of the lowest levels of government debt in the world. Therefore your arguments are void. You really need to learn more about economics before spouting bullshit here.

Witty Rejoinder said:

wookiemeister said:

in a few years time the government will be in more trouble with money – not less. how do I know? because the government is going to borrow more money – just ask joe hockey

Yet we’ll still have one of the lowest levels of government debt in the world. Therefore your arguments are void. You really need to learn more about economics before spouting bullshit here.

no doubt you had people on the titanic telling each other -well things aren’t so bad , the water is only fairly low – nothing to worry about.

if things were so rosy what are they expanding the tax system and taxing harder

if you have no job because industry and money making ventures are being knocked out left right and centre here i doubt if the – “well things could be worse” would be appreciated

so far my prediction that they were going to hit us hard with taxes is bang on the money – i have been warning people about this for a few years now.

with total government debt exploding in 5 years from 90 billion to 460 billion and the liberals taking that to 500 billion plus things are going to get worse – much worse.

you are going to see the crime rate rise now – all those unemployed people are going to start getting busy

no doubt compared to a third world country things are good here, its race to the bottom with taxes being the vanguard of destruction

the end is nigh

wookiemeister said:

the end is nigh

not this one I hope….

I’ve had a gutful of my tax dollars going to prop up unprofitable businesses.

As much as I love old Holdens, and flying kangaroos, why should my taxes go to them instead of hundreds of other more worthy projects that are underfunded to buggery?

The dollars that get sunk into propping up this crap for 12 months could keep my current program running for 20 years.

We’re constantly told that this is a global economy. So if you’re in business and it’s not profitable, diversify, economise, re-evaluate, or get out. Hand outs because you’re a “National icon” shouldn’t come into it.

Teleost said:

I’ve had a gutful of my tax dollars going to prop up unprofitable businesses.

As much as I love old Holdens, and flying kangaroos, why should my taxes go to them instead of hundreds of other more worthy projects that are underfunded to buggery?

The dollars that get sunk into propping up this crap for 12 months could keep my current program running for 20 years.

We’re constantly told that this is a global economy. So if you’re in business and it’s not profitable, diversify, economise, re-evaluate, or get out. Hand outs because you’re a “National icon” shouldn’t come into it.

well this what I’m saying as well

you wouldn’t be using any government money if people could buy into Qantas without being hammered with taxes

you would be doing something that the liberals and labor have bene crowing on about for years – you encourage investment

it was keating that introduced tax imputation after all

I’m saying that the natural progression in this process is by creating a viable process to strengthen the economy by using private investment to keep things afloat

Witty Rejoinder said:

Yet we’ll still have one of the lowest levels of government debt in the world. Therefore your arguments are void. You really need to learn more about economics before spouting bullshit here.

Come on… this Wookie we are talking about, remember?

Obviousman said:

Witty Rejoinder said:

Yet we’ll still have one of the lowest levels of government debt in the world. Therefore your arguments are void. You really need to learn more about economics before spouting bullshit here.

Come on… this Wookie we are talking about, remember?

Who keeps making economic management an issue in our elections? We ought to be concentrating on defining meaningful issues. Our debt management gives us a position unique in the world for addressing realities.

Qantas should be appointed as the airline industry safety watchdog and standards arbiteurs. Consulting is low overhead and if the rest of the worlds airlines were required to meet a more significant standard, airlines like qantas might be competitive.