What do each of US feel about Wealth Inequality.

[Tiger_heart]

What’s wrong with greed?

I am hoping you are not confused on the terms....Greed is not the same thing as ambition.

 

[Tito Santana]

I am hoping you are not confused on the terms....Greed is not the same thing as ambition.

Ooh I like that.

 

[mikey]

Cut income taxes to actually incentivise hard work.

Tax extreme wealth, tax multinationals properly, get our fair share from our resources and minerals.

Invest in health and education

We have had some of the dumbest governments on both sides of the political fence just giving our resources away to appease the multinationals.

Gas is just the tip. We have shortages and some of the highest prices in the world yet are one if the not the largest exporter. FFS - we have even started reimporting it from Japan at over twice the price.

Who came up with that policy when the Libs were in power. They should be jailed for incompetence or treason - yet they are the best economic managers.

The money we could have collected from gas would have gone a long way to improving education, taking care of our ageing population, medical infrastructure, transition away from fossil fuels, etc, etc, etc.

 

[BZN]

We have had some of the dumbest governments on both sides of the political fence just giving our resources away to appease the multinationals.

Gas is just the tip. We have shortages and some of the highest prices in the world yet are one if the not the largest exporter. FFS - we have even started reimporting it from Japan at over twice the price.

Who came up with that policy when the Libs were in power. They should be jailed for incompetence or treason - yet they are the best economic managers.

The money we could have collected from gas would have gone a long way to improving education, taking care of our ageing population, medical infrastructure, transition away from fossil fuels, etc, etc, etc.

Yes, on the surface it sounds unbelievable that we are selling LNG to Japan and then buying it back at twice the price, and I'm certainly not trying to make up a cover for the Libs.

Apparently we signed a contract to supply Japan with a certain amount of gas for a fixed price, and I have no idea when or who signed that contract.

Since the signing Japan apparently started to bring more nuclear power generators online and soon found they had a surplus of gas [supplied by Aust.]
Apparently, as the contracts we signed don't have any 'destination restrictions' Japan is legally able to sell their surplus gas to whoever they like, including back to Aust. at inflated prices when we have a gas shortage.

And again Mikey, you are 100% correct in saying "whoever signed off on these contracts "should be jailed for incompetence or treason".

So, Australia's energy sovereignty has been undermined, and questions must be raised about whether our government was at the time prioritizing multinational profits over local needs.

The multinationals seem to be getting richer while the everyday Aussie gets poorer, i.e....that is unless you are in the fortunate position of having enough $$$ to purchase lots of shares in the multinationals.

Things are crook in talarook...and Canberra it seems.

 

[BZN]

Neither side does anything to change this wealth gap …blaming it on one side only “the right “ is not helpful to this discussion …

If Albanese wanted to change things , he has had time by now - literally years … never mind many other occasions over the past half century when Labor has held power .. all the Labor politicians own 15 houses same as the Liberal ones did you notice ?

To me it's absolutely sickening how many of our politicians own multiple investment properties.

I checked co-pilot and it shows the top ten are...
1. Andrew Wallace Liberal has 10+ investment properties.
2. Nola Merino Liberal 9
3.Tony Burke Labor 7
4.Michelle Anandah-Rajah Labor 6
5.Anthony Albanese 5
6.Peter Dutton 5
7.Barnaby Joyce 4
8.Michaelia Cash Liberal 4
9.Josh Frydenberg ex Liberal 4
10.And for a bit of colour Adam Bandt ex Greens 1

Co-pilot also shows from 23 senior Labor Cabinet Ministers, 20 own multiple properties.
While 18 of 23 Liberal Shadow Ministers own multiple properties.

Could there be a conflict of interest here?
The pollies may be less inclined to pursue policies that reduce housing prices or limit negative gearing, as it may hurt their own wealth $$$$$$$.

 

[jadtiger]

To me it's absolutely sickening how many of our politicians own multiple investment properties.

I checked co-pilot and it shows the top ten are...
1. Andrew Wallace Liberal has 10+ investment properties.
2. Nola Merino Liberal 9
3.Tony Burke Labor 7
4.Michelle Anandah-Rajah Labor 6
5.Anthony Albanese 5
6.Peter Dutton 5
7.Barnaby Joyce 4
8.Michaelia Cash Liberal 4
9.Josh Frydenberg ex Liberal 4
10.And for a bit of colour Adam Bandt ex Greens 1

Co-pilot also shows from 23 senior Labor Cabinet Ministers, 20 own multiple properties.
While 18 of 23 Liberal Shadow Ministers own multiple properties.

Could there be a conflict of interest here?
The pollies may be less inclined to pursue policies that reduce housing prices or limit negative gearing, as it may hurt their own wealth $$$$$$$.

As soon as the removal of negative gearing raises it's head which it has done at times the scare tactics from the media (mainly murdoch) has a massive effect on the election result.Negative Gearing is a blight on our country and has been for many years.

 

[Odessa]

To me it's absolutely sickening how many of our politicians own multiple investment properties.

I checked co-pilot and it shows the top ten are...
1. Andrew Wallace Liberal has 10+ investment properties.
2. Nola Merino Liberal 9
3.Tony Burke Labor 7
4.Michelle Anandah-Rajah Labor 6
5.Anthony Albanese 5
6.Peter Dutton 5
7.Barnaby Joyce 4
8.Michaelia Cash Liberal 4
9.Josh Frydenberg ex Liberal 4
10.And for a bit of colour Adam Bandt ex Greens 1

Co-pilot also shows from 23 senior Labor Cabinet Ministers, 20 own multiple properties.
While 18 of 23 Liberal Shadow Ministers own multiple properties.

Could there be a conflict of interest here?
The pollies may be less inclined to pursue policies that reduce housing prices or limit negative gearing, as it may hurt their own wealth $$$$$$$.

Negative gearing is wealthfare for the rich anyone who has used it is a scab on society unemployment benefits for the people who can not for medical reasons I am fine with that and people who lost there job or just need help because Sh!t happens

But fit people long term unemployed is B/S

Australia is the only country I know of that has negative gearing

And another B/S is Franking credits Australia is the only country in the world that has franking credits the way way do it


And to use hot air in your property to buy another property is Cr@p you should have another cash deposit to get another property


The housing market in Australia will come crashing down in the next 18 months APRA just did a report and they are doing another next year and will get involved like they did in 2012 2013 2014

There is no interest rates cuts coming inflation the other day was 3.8 the real is around 7

Mass importants of people only work for so long GDP per person is down electric and gas bills going up people are not paying there mortgages

9 out of 10 every new job in Melbourne is government related

The rest of Australia jobs are drying up you can not dig into the earth for minerals or new gas unless your a foreign company

Can not manufacture anything real because for the cost of doing business and the power cost

Gas and electric bills going up next year

 

[BZN]

As soon as the removal of negative gearing raises it's head which it has done at times the scare tactics from the media (mainly murdoch) has a massive effect on the election result.Negative Gearing is a blight on our country and has been for many years.

I rented a house on the south coast a few years ago and I had a dog at the time.
The back security door was old and worn, wouldn't lock and there was no doggie door.
I installed a brand new security door with doggie door at my own expense [$500] as I intended to be there for quite a while.
But soon after an opportunity popped up and I decided to move.
I asked the owner via the R.E. agent to put $250 towards the new shiny door and was told no, so I said how about $100 and again no, nothing.
When I first moved in, the husband-and-wife owners just happened to tell me they owned 4 other rental investment properties.
These pieces of 💩 owned 5 properties including their own and were too stingy to put $100 towards the door I installed.
Another example of the rich getting richer 😡.

 

[BZN]

Negative gearing is wealthfare for the rich anyone who has used it is a scab on society unemployment benefits for the people who can not for medical reasons I am fine with that and people who lost there job or just need help because Sh!t happens

But fit people long term unemployed is B/S

Australia is the only country I know of that has negative gearing

And another B/S is Franking credits Australia is the only country in the world that has franking credits the way way do it


And to use hot air in your property to buy another property is Cr@p you should have another cash deposit to get another property


The housing market in Australia will come crashing down in the next 18 months APRA just did a report and they are doing another next year and will get involved like they did in 2012 2013 2014

There is no interest rates cuts coming inflation the other day was 3.8 the real is around 7

Mass importants of people only work for so long GDP per person is down electric and gas bills going up people are not paying there mortgages

9 out of 10 every new job in Melbourne is government related

The rest of Australia jobs are drying up you can not dig into the earth for minerals or new gas unless your a foreign company

Can not manufacture anything real because for the cost of doing business and the power cost

Gas and electric bills going up next year

Great post Odessa 👍.

 

[diedpretty]

if you really want to do something you will achieve it.

It’s not the governments responsibility to prop you up.

Long live capitalism.

I came from nothing and have done well for myself.

Stop blaming others for where you are.

Good attitude - I'm alright Jack, [This word has been automatically removed] everyone else

 

[Odessa]

Great post Odessa 👍.

Thanks mate just worried about the grandkids and hard working people who dont get a break

But Australia is cooked the leverage in the Australian housing market is now bigger then the one in the early 90's Japan and they still not not recovered

Investors bidding up housing prices against other investors is crazy who are they going to sell to when unemployed goes up and people start losing there jobs or are we going to go the way of Argentina most people work for the government just print money with no end in sight


But one of the main reasons the property prices have risen so much is because the Australian dollar is so weak just print and print dollars

 

[Tom Shines]

Thanks mate just worried about the grandkids and hard working people who dont get a break

Must admit …I’ve had my career …made some modest money…

In terms of the future ..Jobs are gunna be hard to find … AI is gunna disrupt things massively…

Hope I’m wrong …