North Australian FISH FINDER TM forums

You've got to be kidding ... http://www.news.com.au/national/federal ... 68de5f755e

Outright lies from the bankers such as "a tax can not be absorbed". Yes it can - pay a smaller dividend. And pay the CEOs less while you are at it.

The real tax on the average Australian is the eye-watering home mortgage, money which goes to the banks. Suffocating Australia.

As the great profiteers in the housing bubble, the banks should pay. For once the Liberals have done a good thing.

But will insider traders who sent the bank share prices down before the budget announcement be charged?

Smart business in any Industry these days is to leverage social license. These clowns are so out of touch and take us for mugs.

I'm also sick of hearing how strong our banks are also. The are strong because the government guaranteed all deposits during the GFC. Public (our) money kept them strong.

More bullsh.t .... http://www.news.com.au/finance/business ... 039bfb049a

If the banks hike rates and cause the bubble to pop it is their fault, not the government.

The banks have been making squillions out of the housing boom and this levy is probably the only way the Federal Government can put some of that money back into the economy to those who need it, and for vital infrastructure.

Yes, it's way off the fishing topic, but I am very passionate about this, the vast amount of money spent on housing mortgage interest payments could have gone to a thousand better causes, and of course thanks to bank credit we now have that housing bubble that could destroy the economy if it pops.

And if it pops the banks will be holding their hands out for bailout money, just like they did in the USA.

The situation is pretty wrong. If after having years of profits in the billions of dollars they can't weather a down turn, then they deserve to go out of business. If they want a handout then the government should be entitled to their profits.

It's difficult to get your head around the CEOs et al happily receiving bonuses at levels that should be reserved for doctors or researchers that find a cure for cancer for example. Especially and in particular when these bonuses are partially or fully won on the back of 'legitimised gouging'. One step removed from theft.