Power Raid
We Exist To Win Premierships
Don't forget the high gas and power. Thank goodness they repealed the carbon tax.
unfortunately the damage was done. just look at SA
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Don't forget the high gas and power. Thank goodness they repealed the carbon tax.
Whats a 1/4 of a trillion dollars and why would it have to be paid "all in one hit"?
The Australian government's unfunded superannuation liabilities. That's off the top of my head though, i'm not certain. I know the future fund doesn't come close to covering it, and that's over $100 billion.
And it was in response to your comment that "The Future Fund should never have been established until the government had directly funded all of their outstanding employer superannuation contributions." Doing so would currently require a quarter of a trillion dollars (if i'm right about the amount).
The Australian government's unfunded superannuation liabilities. That's off the top of my head though, i'm not certain. I know the future fund doesn't come close to covering it, and that's over $100 billion.
The current unfunded superannuation liabilities aren't $250 billion, and they weren't in 2006 when the FF was established.
The FF should never have been established and instead the money should have been directly deposited into the superannuation funds of Commonwealth Employees.
The current unfunded superannuation liabilities aren't $250 billion, and they weren't in 2006 when the FF was established.
The FF should never have been established and instead the money should have been directly deposited into the superannuation funds of Commonwealth Employees from 2006 if not before.
but that's the point......they didn't exist rather they were IOUs on a piece of paper. By setting up the FF, it is now backed in part by assets rather than future income in the never never land.
but that's the point......they didn't exist rather they were IOUs on a piece of paper.
By setting up the FF, it is now backed in part by assets rather than future income in the never never land
In your opinion!
The current unfunded superannuation liabilities aren't $250 billion, and they weren't in 2006 when the FF was established.
The FF should never have been established and instead the money should have been directly deposited into the superannuation funds of Commonwealth Employees from 2006 if not before.
Australia was at the beginning of an unprecedented resource boom.that was the claim last time and look what happened
Australia was at the beginning of an unprecedented resource boom.
Other recent examples show increase in sales tax have a cooling effect on growth.
Given our heavy reliance on the service sector it will belt spending.
How much is it then?
And how do you decide which accounts to put the money into (given they can't fund them all) and how much needs to go into them given most are defined benefit?
Japan is a great example. Huge QE which increased spending collapsed after the consumption tax increase.the late 90s were the darkest days mining had seen, the exploration boom really kicked-in in 2004 and the mining boom only started in 07/08.
A circa 10 year lag is hardly the beginning
Japan is a great example. Huge QE which increased spending collapsed after the consumption tax increase.
If you disliked the carbon tax, you should loathe the GST
Industry passes the cost onto consumers, remember $100 lamb roasts, and the "great big new tax on everything"? A GST rise is no different.
Not many big businesses around employing people in manufacturing so not a realistic example.
Shame the MV industry is not still around with the low dollar.
Please, just let go. Can't keep up with your waffle or so called expertise in all matters.Omg.....What can be said. Go back and have a read again.
Then we can address your post which is a completely different issue......what do you define as manufacturing? Just because certain parts of manufacturing is reducing doesn't mean there isn't an opportunity for growth in others.
the late 90s were the darkest days mining had seen, the exploration boom really kicked-in in 2004 and the mining boom only started in 07/08.
A circa 10 year lag is hardly the beginning
the boom coincided with Beijing's successful Olympic bid..the bust came not long after the flame was extinguished.
now, with the CCP cracking down on corruption, the Chinese economy has grown at it's slowest in 25 years...I wonder if the corruption crackdown and the economy slowing can be linked?!