Calculus for ALP members

16 02 2012

I said it once and I will say it again. Why are ALP types so hopelessly bad at math? via Andrew Bolt:

Reader K, a chartered accountant, writes:

I note Health Minister Tanya Plibersek is claiming the ALP’s Health Insurance Reforms stop people earning $50K subsidising the health insurance of people earning $250K.

You might be interested to know that a person earning $50K pa pays $5,400 pa including Medicare levy. A person earning $250K pa pays $89,800 pa including Medicare levy. That’s 16.6 times more tax despite only earning 5 times as much income.

Does Tanya Plibersek seriously think people earning $250K spend 16.6 times more time in hospitals? Indeed on a related topic does she think $250K people have 16.6 times more children being educated by the Government? The suggestion that someone who has paid $89,800 in tax might at best get about $1500 back in a rebate for health insurance is some how bludging off the person paying only $5,400 is so utterly preposterous that one wonders how absurdly innumerate Plibersek is to have arrived at this conclusion.

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