Tuesday, May 12. 2009"And Now, A Pre-Budget Address .......John Linton ......From A Fat Cat Boss Recipient Of Middle Class Welfare. The Honorable Exploiter From North Sydney" Thank you Mister Speaker. We got a pleasant surprise yesterday when our accountants advised us that our R and D expenditure for FY2008 had been approved and we would be receiving a credit on Exetel's Federal Tax Account of almost $80,000 (being 25% of the approved expenditure on R and D in FY 2008). This is a meaningful amount of tax money to our small company as we make very little profit (by design) and the rebate/credit represents around one third of the federal taxes that Exetel paid last year. So it was a pleasant start to the day. Federal and State taxes, and the increasing number of other related impositions of operating a small business in Australia, particularly NSW, make life much harder than it should be and the re-imposition by the Labor party of their various 'work place relations' restrictions aren't going to make it any easier after July 1st 2009. I understand that everyone involved in owning shares in companies (in their own name rather than through a superannuation fund) and who is a "boss" (in La Guillotine's doctrinaire rantings) is a 'fat cat' that can afford to pay whatever taxes are levied on them. There has never been any other attitude from the Labor party - it is 1920s 'class envy' embedded in the bitter invective that comprises 'union speak' in 21st century Australia - but it does have ramifications. Tonight's budget will ignore the "inflation genie being out of the bottle" which was of such massive concern to Whine in his first budget 'speech' which so clearly demonstrated that he had absolutely no clue about what was happening in the financial marketplaces of May 2008 (the 'GFC' was then four months in to whatever it was at that point in time). There will be, apart from the 180 degree turn around in fiscal views, the usual Labor mean spirited and 'class warfare' approaches to funding the extravagances of $A20 billion in cash giveaways and the stupendously stupid $A300 billion expenditures on obsolete and totally unncessary military hardware (and the dramatically increased personnel costs required to even turn the engines over in that pile of 'new' scrap metal - just what an economy in trouble needs - more military personnel). So no hope for fiscal common sense there. So there will be higher taxes on the companies and the people who are the only hope of generating more revenue for the economy generally and more give aways to people who can't generate any assistance to the economy at a time when the "state of the economy" will be used as the reason for this reverse logic. No problem - vote Labor - get National bankruptcy - never been any different. A combination of higher taxes on companies, higher taxes on the sectors of the people who are capable of repairing the damage to Australia's economy and more draconian employment impositions will be spelled out in gloating detail over the budget introduction tonight and in the follow 'interviews' with the screech owl, Krudd, Ms Wrong and the dental hygiene challenged Whine. Expect to hear thousands of references to 'working families', Krudd's new mantra "...and I make no apology..." as well as Whine's and Krudd's (unconscious?) adoption of sending themselves up by constantly using John Clark's satirising of politicians phrase "Nice to be with you" at the beginning and end of any interview not with Mike Carlton. In the mean time PBG won't be the last Australian 'icon' to close its Australian factories and despite the massive and stupid Krudd handouts to GM, Ford, Chrysler and Toyota to cling on to their SA and VIC marginal seats don't expect those auto companies to survive the next twelve months in Australian manufacturing and.........but you either already know all of this or me adding my few words isn't going to add to your understanding of the topic. So I was delighted to get 25% of Exetel's r and d expenditure back in future tax credits but will not plan to get any future contributions as the likely announcements tonight will make it even more difficult to employ people in Australia by small companies and quite possibly larger companies for that matter. (A reminder of how pervasive the falling interest in employment is in Australia at the moment was driven home to me when I contacted the small recruitment company that Exetel used to employ graduates and was told our contact had been 'downsized' along with half the other employees). Exetel has always done a great deal of r and d, relative to our total salary costs, but it's more than likely that we will employ our future r and d personnel either in Sri Lanka or via contracting in other countries. It makes no sense to conduct our trivial r and d activities in Australia (even with a 25% credit from federal company tax) given the issues soon to be involved with hiring and employing personnel in Australia. Exetel's minute r and d investments are completely irrelevant - but I wonder how other real r and d investors will modify their current opinons over the coming months on where their r and d money is best spent? So - $A20 billion surplus to $A60 billion deficit in 12 months - it's all the fault of the previous government and the GFC. "Nice to be with you - always enjoy talking to working familes and, make no mistake, I make no apology about blaming all my inadequacies on the global financial crisis and the Howard government." Trackbacks
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John,
I know you detest any form of acknowledgement that labor may in any way reflect the feeling of the general public at large -- but I am interested to know how you feel about the 18 weeks maternity leave proposed by the current government. I ask this question because my friends have widely varying opinions and it seems to be an extremely emotive issue. It’s my opinion that, if I was an employer, [and I'm not] that I would not employ females of child bearing age. Reason - would be that I could not inflict such disorganization on my company routine and infact it may well place my company at such disadvantage that the whole company may well be at risk. I’m old school and feel if you have kids that you should have the income to bring them up yourselves - no govt help -- if you need it -- you should not have kids. Comments (3)
The answer is simple.
If a small company is disadvantaged by employing a female rather than a male then no females will be employed. Comments (3)
John ,
it’s time to equip the Exetel faithful with metal shields and iron swords. You seek to get the Exetel faithful to stride forth and engage the HSPA enemy in the trenches and on the open battlefield -- but in gaming terms you give us leather shields and wooden swords. it’s time to give the Exetel faithful the full backing we need. - we need a 10GB plan under $60 pm - i know you say Optus won’t allow such a plan -- but that’s bullshit. Its time to give assistance to those that can advise and help customers to see the light. Exetel HSPA is the answer for so many people but to give support to your troops in the field. I know you have been seeking advice from advertising guru's but just stick With what you know provides good results in the tried and true methods from the past. John -- I know you feel uncomfortable with the advertising guru's -- stick with what you know and what is proven to work. JUST OFFER BETTER PRICES, === AND SUPPORT THOSE PEOPLE THAT WANT TO SHOW EXETELS SUPPERIORITY IN THE MARKETPLACE. Advertising costs big money --- use the people that already know how good Exetel is -=- you know it works -- dont give the advertising industry a free lunch -- you know your a great isp -- give us the4 tools to show it.. Comments (3)
Exetel already offers 8Gb for $55. They did offer 10Gb for $57.50 but removed it a week after it was announced. If they were allowed to keep it then why would they have removed it so quickly, and replaced it with "almost the same quota" for "almost the same price". And if Optus did allow 10Gb then explain why no-one else offers a 10Gb plan?
I'm backing John on this one - why would he bother lying and making up crap about not being allowed to? Comment (1)
Gaming is fine on HSPA, pings of 80-110 are playable on almost any game.
Comment (1)
I.m sorry that you think my statement of facts are "bullshit".
It does't change the FACT that Optus will not permit an HSPA plan of more than 6 gb per month. As they get more spectrum and continue to upgrade their network that may change. Right now it is a fact. Comments (3)
John,
the classic Exetel HSPA customer came over for a visit today -- she lives in a semi rural area on a 25acre block. She current uses a 2 way satellite through a company called skymesh and is totally dissatisfied with the constant dropouts she is getting. I checked the optus 3G wireless coverage and it ends at their back fence for the 25acres. Telstra has contacted her yesterday and say they can supply her with a guaranteed nextg wireless broadband for $59.95 pm for 1GB .. I said i will come out and check the signal strength on Exetel and she will sign up on the spot -- but I really need the option of a yagi should the signal strength be marginal .. I’m not even an Exetel agent -- just someone that gives solutions to those with questions. If you don’t start regional HSPA soon Telstra will out maneuver Exetel -- Don’t think they don’t read your musings.. Time is of the essence. cheers bill Comments (3)
We are already trialing HSPA in several country locations and the Yagi's work very well.
We will do some crude advertising starting this week and gradually grow that as we learn. We have identified the 1,000 small towns aound Australia and are attempting to find agents in those locations. We are in the fianl stages of finding a loer cost HuaWeil alternativ 'stick'. We are closer to sourcing a magic box. We have fully tested all our back end systems. We can't do it any faster than we have. Comments (3)
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