Opinion AUSTRALIAN Politics: Adelaide Board Discussion Part 6

Kane McGoodwin said:
Back to your head in the sand approach to climate change Bicks...
Click to expand...
Yep Australia's input to the World's greenhouse gases akin to a piss in the ocean when compared to China but Kano gets all warm and fuzzy at the mere idea while China is just having a laugh.
 
Mutineer said:
Yep Australia's input to the World's greenhouse gases akin to a piss in the ocean when compared to China but Kano gets all warm and fuzzy at the mere idea while China is just having a laugh.
Click to expand...
Back to your why should we so anything approach because China is bad & renewables are bad for your share prices...

Well China actually producing record amount of renewables Bicks...



China hits 277.17 GW of new PV installations in 2024

China's cumulative installed solar capacity hit 886.66 GW at the end of 2024, with 277.17 GW of new annual installations, up 45.48% year on year. The deployment surge exceeded forecasts, setting a new historical record for PV installations.
www.pv-magazine.com
 
So Labour pushing ahead with the dishonest policy of taxing unrealised capital gains in Super.

Not only is taxing a gain I haven't actually made and which might disappear, completely dishonest, it also represents double dipping, given the tax on earning funds are already subject to.

And surprise surprise, the industry funds are all for it... when everyone else is calling it a complete disaster.

If Dutton gets hold of this one, together with the crazy cost of the cup of coffee tax cut, that might be enough to see labour out on their arses. Idiots.
 
Kane McGoodwin said:
Back to your why should we so anything approach because China is bad.

Well China actually producing record amount of renewables Bicks...


Click to expand...
Kane, you cant polish a turd, China is a disaster when it comes to emissions. Bicks is right, we take it up the clacker while the main polluters in the world carry on regardless.
 
feenix67 said:
Kane, you cant polish a turd, China is a disaster when it comes to emissions. Bicks is right, we take it up the clacker while the main polluters in the world carry on regardless.
Click to expand...
Doing nothing is not the answer though & they are transitioning too, just they are coming from a lower base & the issue is their energy needs are growing at a quicker rate. China is growing all their energy sources, but renewables are growing at a quicker rate.

All the world needs to take climate change seriously & Bicks continually shitcans renewables, even here in Australia as the main reason our power prices have gone up, which is clearly not true.
 
Kane McGoodwin said:
Back to your why should we so anything approach because China is bad.

Well China actually producing record amount of renewables Bicks...


Click to expand...
I've been warned from using the laugh emoji but you certainly make it difficult.

Meanwhile China powers ahead with their manufacturing industries on the back of cheaper energy costs and our manufacturing industries are expected to compete with one arm tied behind their back with our expensive electricity costs on top of China's cheap labour costs.

Something to be said for that warm and fuzzy feeling though no doubt.
 
Mutineer said:
I've been warned from using the laugh emoji but you certainly make it difficult.

Meanwhile China powers ahead with their manufacturing industries on the back of cheaper energy costs and our manufacturing industries are expected to compete with one arm tied behind their back with our expensive electricity costs on top of China's cheap labour costs.

Something to be said for that warm and fuzzy feeling though no doubt.
Click to expand...
Nothing to do with wage costs & price of yen...
 
Kane McGoodwin said:
Nothing to do with wage costs & price of yen...
Click to expand...
Are you seriously suggesting that China doesn't have a seriously significant advantage with manufacturing industry labour costs?

I guess all those multi-national companies that moved their manufacturing arms to China are just doing it to get some of your warm and fuzzy feeling? That alone has become an absolute serious problem in these troubling times.

You need to put that bong away.
 
Mutineer said:
Are you seriously suggesting that China doesn't have a seriously significant advantage with manufacturing industry labour costs?

I guess all those multi-national companies that moved their manufacturing arms to China are just doing it to get some of your warm and fuzzy feeling? That alone has become an absolute serious problem in these troubling times.

You need to put that bong away.
Click to expand...
That is exactly what I'm suggesting Bicks!

China's advantage is more to do with labour costs & value of Yen than you claiming the energy price is the difference maker!
 
kirky said:
And why are Australians drowning in debt?

Why? Because our house prices are way too high and why would that be?

Consider that we have had Coalition federal governments for most of the past 30 years and what have been their contributions to housing policy -
Click to expand...

Wasn’t there a sizeable surplus when Howard left office at the end of 2007?
 
kirky said:
And why are Australians drowning in debt?

Why? Because our house prices are way too high and why would that be?

Consider that we have had Coalition federal governments for most of the past 30 years and what have been their contributions to housing policy -

1. Cut public housing
2. Halve the Capital Gains Tax - this made property investment for investors more profitable
3. Negative gearing - which saw the investment in the property market explode in the first decade of this century

The issue in housing crisis hasn’t just magically appeared over the past couple of years, it has occurred because the cause has been brewing for the past 20+ years.

But goons like George Christensen don’t understand that.
Click to expand...
I'll add this, even though it may not be exactly popular, and it's out of the Government's hands (well, kind of).

4. Interest rates have been way too low, for way too long.

The cost of money has been at historical record lows for the majority of this century, and while there have been economic slowdowns like the GFC and Covid-induced shutdowns, there has not been a major associated depression or extended recession.

A lot have continued to borrow, borrow and re-borrow because debt is cheap - and they think this is the new normal. Lenders have been complicit with extended honeymoon rates and long term fixed interest rates. They are all now shitscared of default situations because the level of debt is so high, and don't want a US housing bubble style of collapse.

When people have borrowed so much and their income has not increased proportionately to fund any increases in rates, every quarter percentage point is seen as a huge blow, because the debt is so huge. Interest rates right now are closer to their historical average than the last 20 years, and only got there because of a reaction to a large inflation spike. Yet people are struggling and holding out for cuts because, frankly, they just borrowed too much. Or more to the point, they were allowed to borrow too much.

Yes, the Reserve Bank officially controls interest rates, and is independent from Government. But it doesn't help when lazy Governments (from both sides of politics) are so slow and unwilling to take fiscal action unless they really have to, and continually lean on the RBA to try and influence things first with the one and only lever it has - and that one action is like taking a broadsword to use for surgery instead of a scalpel.
 
Last edited:
feenix67 said:
So Labour pushing ahead with the dishonest policy of taxing unrealised capital gains in Super.

Not only is taxing a gain I haven't actually made and which might disappear, completely dishonest, it also represents double dipping, given the tax on earning funds are already subject to.

And surprise surprise, the industry funds are all for it... when everyone else is calling it a complete disaster.

If Dutton gets hold of this one, together with the crazy cost of the cup of coffee tax cut, that might be enough to see labour out on their arses. Idiots.
Click to expand...
This is a stupid policy by Labor.

The Coalition will label it a "retirement tax" as part of a 3-5 word slogan and beat them in the head with it (like Scomo did with Shorten).

I'm not sure if it will push enough people all the way over to vote for the Coalition, but it will go a long way towards resulting in a hung Parliament.
 
Slippery Pete said:
Wasn’t there a sizeable surplus when Howard left office at the end of 2007?
Click to expand...
Indeed..

The net government debt was negative (i.e. The Australian government had net positive bond holdings) in the 2006–07-year for the first time in three decades, from an original peak of 18.5% of GDP ($96 billion) in 1995–96.[19] The reduction in net debt is attributable to the consistent budget surpluses in the mid-2000s.
 
Slippery Pete said:
Wasn’t there a sizeable surplus when Howard left office at the end of 2007?
Click to expand...

Yes.

Perhaps read this article - assets sales of $72b - which would wipe any debt accrued. And they had a revenue go gang busters as well.

Economic comparisons are useless without context

Drawing a simple comparison between the economic performance of the current Labor Government and that of the Howard government is like making direct comparisons between Libby Trickett's 100m freestyle time with that of Sally Pearson in the 100m hurdles. Assessing sporting scores, like debts and...
www.abc.net.au

And where, does that debt stand now? And no, most of it was not due to the pandemic.

I see Mutineer won’t post what it is now as it doesn’t fit his narrative. Not surprising and he’ll state that wasn’t the question.

Again, why do you think Australian house prices are collectively the most expensive in the world?
 

Opinion AUSTRALIAN Politics: Adelaide Board Discussion Part 6


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