Wednesday, February 04, 2009

single gal seeks stimulation

For someone who has ranted previously that I am largely invisible when it comes to government sweeteners, in the near future I will potentially* become the recipient of a goodie or two from the latest “stimulus package”.

Getting the nightmare visuals of the Ruddster attempting to stimulate me in any way out of my head, while on the one hand I am a tad excited that ‘singles’ are to be acknowledged in the kind of handout territory usually occupied by families, on the other - its still plain wrong.

The pre-Christmas government bonus to families and pensioners did little to get people spending more. Most preferred to tuck the cash under the mattress for a rainy day or pay off some debt. Some pundits claim there was a small January spending spree, a late bump in the country’s dire discretionary spending but the majority of people surveyed said they didn’t whoop it up with the dosh.

I can’t actually say no to the little gift in the bank account if/when it arrives. In reality it will pay a pittance of my tax bill and head straight back to the ATO.

But theoretically at least I wonder – if you were given $950 and told to go off and buy as many lollies as you’d like with it, how would you spend it?

So far, the only thing I have put off buying is a new electric toothbrush to replace the one that carked it a while back. If the sum was significantly larger I could finish the work needed in the backyard, get a water tank and buy solar panels. However each one of those projects cost significantly more than the bonus.

Though on second thoughts, it would take a large dent out of the cost of a water tank. But then again, will it ever rain in Melbourne again?

* Eligibility for the bonus is based on your 2007-2008 tax return. While there is no doubt that my meagre income meets the means testing, I have yet to do the paperwork. I guess that is a rather good incentive to get the return done ASAP.

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Blogger Mindy said...

Except that now Turnbull has declared they will block it so Labor has to rely on the Greens, Fielding and Xenophon. It will be interesting to see the public reaction to Turnbull's decision, given that many who missed out last time would be eligible for their slice this time.

11:10 am  
Blogger Ann oDyne said...

My ugly twin is laughing that people who have not filed tax for years (avoiding repayment of HECS) will be spewy and resentful
(I know 2 of these), not realising that the bonus would merely be recompense for tax paid.

What to spend it on?
That is decided by what recipients already have.
A person with no cellphone, digital camera or laptop might get one of those, and catch up with the rest of the nation.
A person who can't afford servicing for their car might go there.
My friend spent last years bonus on custom-made black pearl earrings (she's rich and didn't need the bonus).

Before opinions are expressed, we the jury need to know exactly what the motive of the Govt is.

to make the cash registers jingle, lulling retailers into a false sense of achievement?
(then it was a success)

To be seen to be helping struggling families?
( then it was a success)

to actuallyhelp struggling families?

Then it's a failure because
(there are better ways.

1:04 pm  
Blogger Another Outspoken Female said...

I agree Ann...there are much better ways and for me - if the bill gets passed it will just hit the revolving door and go back to the tax office. I pay gst and payg quarterly to every third month I give the ATO big chunks of money.

Mindy - so right. It will be interesting to see which way this falls.

2:29 pm  
Blogger Melba said...

Ours will go on bills and credit cards, which are kind of the same thing. No purchasing of luxuries for us, we are battening down the hatches and it's all "great depression" talk around here. But not in a negative way, more just a roll-up-the-sleeves and let's-get-to-work Obama way.

1:09 pm  

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