So it is budget night in Australia. No real surprises as everything significant was "leaked" earlier. I was mildly surprised to see the mild tax cuts (increases in the 15c bracket and dropping the 40c bracket to 38c Update: struck summary of minor income tax cut as it is difficult to summarise the tax tables; check FY08/09 and FY09/10 tables) committed to in last years budget to come through. I was less surprised to see a new means test on the private health care rebate. The slight reduction in my PAYG tax will not cover the new premium I will incur from my health coverage provider.
Nor should it. I expect to pay a more. I've enjoyed a good education (not in the traditional sense, more in the modern mass produced technical training sense) partially paid for by the "state" and this education has allowed me to earn good money for what I do. Combine the above with being single and I expect to pay more to the government for redistribution. That's the social contract we have in this country.
I just hope our government spends my money well. That the infrastructure committed to produces benefit to the nation. That the "national credit card" which is being flexed incredibly at the moment doesn't burden us unduly in the future.
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