Australias tax system takes from the young to give to the old

[peetoo]

“Criminally” undertaxed is an exaggeration.

We don’t pay the same Stamp Duty rates and VAT/GST rates as somewhere like the UK. But that’s not exactly a bastion of housing affordability is it? They are going through almost a complete collapse of housing affordability, even worse than ours.

We pay far more tax than US states though on a typical property development or investment property transfer through.

You are completely ignoring our other tax classes, where we are among the highest in the world.

It’s sobering to think we ‘followed’ the UK in the eighties. The Kennett govt even getting UK mandarins to show us how to privatise etc?
UK is now re nationalising it’s rail. Maybe we should not wait and do some re nationalising ourselves.

Dutton with public funded nuclear power seems to be ahead of the curve?`

 

[Sphynx]

It’s sobering to think we ‘followed’ the UK in the eighties. The Kennett govt even getting UK mandarins to show us how to privatise etc?
UK is now re nationalising it’s rail. Maybe we should not wait and do some re nationalising ourselves.

Dutton with public funded nuclear power seems to be ahead of the curve?`

The UK rail network is probably their most critical transport mode and it was made up of a large number of different providers.

Think of all the different Australian metro city train operators, but then overlap them in interconnecting services and stations throughout towns, villages, cities etc.

Most of the nationilsation in this aspect is due to poor performance and constant delays/cancellations, not just managing the massive price rises going on over there.

Do we have a comparative industry with the same level of dissatisfaction of both performance and rising costs outstripping inflation?

 

[peetoo]

The UK rail network is probably their most critical transport mode and it was made up of a large number of different providers.

Think of all the different Australian metro city train operators, but then overlap them in interconnecting services and stations throughout towns, villages, cities etc.

Most of the nationilsation in this aspect is due to poor performance and constant delays/cancellations, not just managing the massive price rises going on over there.

Do we have a comparative industry with the same level of dissatisfaction of both performance and rising costs outstripping inflation?

The cost of uk rail travel compared to europe is stark. Uk policy somehow always ends up with worst possible outcomes

 

[Seeds]

It’s sobering to think we ‘followed’ the UK in the eighties. The Kennett govt even getting UK mandarins to show us how to privatise etc?
UK is now re nationalising it’s rail. Maybe we should not wait and do some re nationalising ourselves.

Dutton with public funded nuclear power seems to be ahead of the curve?`

Publically funded expensive nuclear plants is exactly why nationalising sectors is often a bad idea. It forces costs through the roof and leads to lagging tech development.

all the tech developments in telecommunications have come from the private sector.
All the tech developments in the transport services industry have come from the private sector.

If we still had both those sectors fully public we would be twenty to thirty years behind where we are today in terms of services and costs. Uber would not exist and you would still be reliant on using a phone to call a taxi. Certainly would not have the internet on your phones.

 

[Chief]

all the tech developments in telecommunications have come from the private sector.

Then WiFi and the internet came along and can pretty much replace them.

Who even has a landline any more?

 

[peetoo]

Publically funded expensive nuclear plants is exactly why nationalising sectors is often a bad idea. It forces costs through the roof and leads to lagging tech development.

all the tech developments in telecommunications have come from the private sector.
All the tech developments in the transport services industry have come from the private sector.

If we still had both those sectors fully public we would be twenty to thirty years behind where we are today in terms of services and costs. Uber would not exist and you would still be reliant on using a phone to call a taxi. Certainly would not have the internet on your phones.

And yet optus has been here 30 years and is quite frankly, pathertic

 

[Seeds]

Then WiFi and the internet came along and can pretty much replace them.

Who even has a landline any more?

So we would be reliant on private sector led tech deployment in other countries to maintain tech advancement in our publically owned sectors.

 

[Chief]

So we would be reliant on private sector led tech deployment in other countries to maintain tech advancement in our publically owned sectors.

CSIRO invented WiFi.

US gov got us the internet.

 

[Sphynx]

Publically funded expensive nuclear plants is exactly why nationalising sectors is often a bad idea. It forces costs through the roof and leads to lagging tech development.

all the tech developments in telecommunications have come from the private sector.
All the tech developments in the transport services industry have come from the private sector.

If we still had both those sectors fully public we would be twenty to thirty years behind where we are today in terms of services and costs. Uber would not exist and you would still be reliant on using a phone to call a taxi. Certainly would not have the internet on your phones.

Relevant.

However, the energy sector is one of the main outliers.

See Armaco and QatarEnergy.


They priorities investment in local industry, processes and further development of downstream operations to maximize profits and efficiency for their country (lol, families I should say).

They have global investment funds to further advance technology etc in the fields.

Nationalization is precisely the reason they have the lowest energy costs in the world. They build their energy support services around this industry and their natural resources


Compare that to here. Global corporations which take profits with the least point of resistance, locked in long term contracts which mean the country can't benefit from global market conditions, these private companies do, sell our resources for well under market value, don't invest in downstream services as they can maximise profits elsewhere, then dodge all the tax on the backend.


If we nationalise anything, it should be the gas industry.

The cost would be enormous, but the payoff would be fairly quick given how poorly we are benefiting from it in comparison to other companies who do have nationalised industries of similar or even far less volume.

 

[Seeds]

CSIRO invented WiFi.

US gov got us the internet.

I used the word deployed.

Its one thing to have scientists in a lab create something. But its usually the private sector/individuals that find ways to integrate the tech into new ways to do things. Often combining it with other new techs.

Bureacrats just neither have a broad enough knowledge base (compared to the mass of people that exist in the private system) nor are sufficiently incentivised to change things. And thats even when they are paid differential wages and bonuses. In a socialist system the incentives are even lower.

Do you ever wonder why the tech is always decades outdated in socialist countries?

 

[peetoo]

I used the word deployed.

Its one thing to have scientists in a lab create something. But its usually the private sector/individuals that find ways to integrate the tech into new ways to do things. Often combining it with other new techs.

Bureacrats just neither have a broad enough knowledge base (compared to the mass of people that exist in the private system) nor are sufficiently incentivised to change things. And thats even when they are paid differential wages and bonuses. In a socialist system the incentives are even lower.

Do you ever wonder why the tech is always decades outdated in socialist countries?

Real over simplification there

Are universities private? Not many