Agreed we have a problem with spending but it's not really a 'billionaires' problem, it's the fact we are pretty much the most resource-rich country in the world, yet we seem to have no issue with big companies hoarding wealth/sending jobs offshore.
Now I'm not going to go full-blown communist, obviously, but the government should be a larger beneficiary of our country's natural resources and not try and follow the failed USA model of capitalism instead.
Reid was 10 minutes early BTW.
I am not sure about hoarding. How much is hoarding and how much isn’t? Who decides? People will never accept any amount as being enough. That’s how people are wired.
Reality is money for investment has to come from somewhere. You don’t get big projects without capital and that capital comes from overseas into this country. BHPs Woodside etc have to find it somewhere and barely hoard any when times are good. They generally return money to shareholders. Who are financial institutions but also mums and dads.
Now no doubt there is a bit of creative accounting that goes on every now and then but reality is that it’s all peanuts in comparison how much Australian government spends. You haven’t done creative accounting on your tax return? I bet people have and it’s always justified, right?
resources are a globalised. Companies like BHP will simply take their investment dollars elsewhere and plenty of countries want it. We can keep it in ground and feel good about it but it produces zilch.
Screwing around with resources and taxes has cost wa tens of billions in investment and tens of thousands of jobs (how much tax do they pay)? And for what?
I don’t want to defend them but I used to think the same until I got somewhat close to how investment decisions are made. There is idealism and there is reality.
Company profit is insignificant compared how much they spend in this country to make that profit.
As for communism, I would have thought 20th century had enough examples to show it doesn’t work. People don’t want to put effort in for others to benefit. So then no one does it.
Last thing I want is government to get money, so they can piss it up the wall and spend it on wokism. There are basics government should provide and that’s it.
God knows what adventures they would get up to if all of a sudden they got more cash. No thanks.
If anyone has watched Kerry packer grilling by parliament in 80s, they will have their eyes opened like it did mine. It’s on YouTube, it is an excellent takedown of how government operates. He was hated but boy, we need someone like him to take this country forward.
This government wins election, people struggling for cost of living and what is government priority? The voice, renewables and of course fostering anti semitism.
Liberals are not any better and as any swing voter (like me) will tell you, there is next to zero difference between them.
On sending jobs offshore - yeah that’s the manufacturing part I mentioned. Many projects would not happen if they had to be built here, with unions etc. costs too much to make projects viable and they would rather go elsewhere. It’s a reality that cannot be escaped. You either have a project or you don’t.
but to be honest, amount spent on maintenance which is all local is worth tens of billions of dollars still. Honestly, there is a lot for everyone. People need to focus on benefits, not just perceived losses.
Pfft that’s like getting there early for a doctors appointment. Schools are finished so traffic is better.