Tiger_heart
Well-known member
I am hoping you are not confused on the terms....Greed is not the same thing as ambition.
What do each of US feel about Wealth Inequality.
- Thread starter BZN
- Start date
Tito Santana
Well-known member
Ooh I like that.
mikey
Well-known member
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 $$$ to purchase lots of shares in the multinationals.
Things are crook in talarook...and Canberra it seems.
To me it's absolutely sickening how many of our politicians own multiple investment properties.
I checked co-pilot and it shows the top ten are...
1. Andrew Wallace Liberal has 10+ investment properties.
2. Nola Merino Liberal 9
3.Tony Burke Labor 7
4.Michelle Anandah-Rajah Labor 6
5.Anthony Albanese 5
6.Peter Dutton 5
7.Barnaby Joyce 4
8.Michaelia Cash Liberal 4
9.Josh Frydenberg ex Liberal 4
10.And for a bit of colour Adam Bandt ex Greens 1
Co-pilot also shows from 23 senior Labor Cabinet Ministers, 20 own multiple properties.
While 18 of 23 Liberal Shadow Ministers own multiple properties.
Could there be a conflict of interest here?
The pollies may be less inclined to pursue policies that reduce housing prices or limit negative gearing, as it may hurt their own wealth $$$$$$$.
Odessa
Well-known member
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
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 😡.
Great post Odessa 👍.
diedpretty
Well-known member
Good attitude - I'm alright Jack, [This word has been automatically removed] everyone else
Odessa
Well-known member
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
