Kerry Packer's Political Philosophy
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- เผยแพร่เมื่อ 17 ส.ค. 2010
- An economics.org.au/ Production - Highlights of Kerry Packer's 1991 House of Reps Select Committee on Print Media Appearance. It includes perhaps the most famous Australian anti-government quote, where Packer says that anyone who pays more tax than they can get away with needs their head examined. For more radical and principled politics from other great Australians, like John Singleton, Lang Hancock and Neville Kennard, like / ginarinehartfanpage and do check out economics.org.au/. You can now direct people to this video by telling them to go to Kerry Packer Dot Info kerrypacker.info/ . The full version is available at • Kerry Packer - Full Ve... .
"I do not evade Tax but I do minimise my tax and anybody in the country that does not needs their head read because, I can tell you as a government you're not spending it that well that we should be donating extra." One of the greatest lines ever spoken....
The irony that now in 2022 there is a large proportion of people that don't want further income tax cuts
What a response from that man😅! Still applicable today!!
fuckin outh
And when trump said it he was Hitler!
Came here for this quote
He wiped the floor with them whilst stirring his coffee
Pure brilliance
"You're either gonna have to believe me or call me a liar."
no beating around the bush! just straight forward
I will use that
@@michaelacheampong2869 me too
He was actually lying lol
"As a government, I must tell you that you are not spending it very well that we have to donate extra."
th-cam.com/video/xOLbbkC1qq0/w-d-xo.html
Hahaha... He was so full of shit.
Lying through his teeth.
Research what happened in the weeks following this...
Kerry Packer is an excellent lesson in the power of charisma. Keep your wits about you when dealing with people like this, or listening to them...
Thx for the subtitles!
But we're not deaf, yo.
@@inspiRational99 the point still stands that the government spends tax dollars poorly. or are you disagreeing with the FACT that government spends tax dollars poorly
@@whereschavo3953 I've worked for many years in both public and private organisations. It's such a lazy appraisal of the complexities at play.
Firstly - the government is (more) accountable to the public than a private company.
The checks and balances that can seemingly add dead weight to a bureaucratic organisation are harder to trim given the prevailing motivations.
Secondly - private companies would not develop as readily as they do if they were not backed by an overarching government.
Do you consider how many technological advancements (that you probably take for granted) have been borne from governments subsidising or fully paying for research initiatives?
Thirdly - to avoid mincing words, the point being made is factually true. But for armchair observers, oblivious to the realities of governance structures (private and public) they will passionately agree with such an obvious, seemingly bold statement thinking that a billionaire speaks for them.
It also sounds like he's speaking "off the cuff". But the issues surrounding Packer's tax evasions were already well established so it's unlikely he wasn't well rehearsed on these affairs already. And whilst he speaks to the average person's minimisation of their personal income tax, drawing parallels to his unscrupulous use of offshore tax havens to circumvent the spirit of taxation is a clever trick - which largely fools the average idiot watching that clip.
...
Anyways... sorry for the long winded reply. It's hard to find a fellow Liberal voter on the internet that isn't a moron these days.
The party has gone to shit with the Libtard press that stupifies everyone. Including the Lib voter base.
@@inspiRational99 "Secondly - private companies would not develop as readily as they do if they were not backed by an overarching government" this is the most incorrect statement ive ever heard in my life. see what you are is someone whose studied everyones opinion except the one that disagrees with your own.
the government has no inclusion or any involvement with innovations in science and technology, like at all. to think otherwise is foolish. seriously you think the government creates ideas in peoples brain?. whats the last great innovative thing that the government came up with. go ahead ill wait. . . . people create and innovate. government regulates. i think you have a misconception of government as being some ultimate power.
and the part about tax havens actually made me laugh, cause the evidence is all there just look back at history when there was less taxes. this is all statistically factual. more people paid more taxes when the government implemented or had less taxes. the more taxes the government creates the more incentive it creates for people to find loop holes which are all perfectly legal doesnt matter how you FEEL about taxes, what matters is that the economy is better for average working class people when there is less income tax. dont believe me i suspect you know who DR thomas sowell is?. if not i suggest you research some of his findings. and or books..
i would believe a billionare who clearly made something for himself that only the smallest handful of people can do you. you have a higher chance of becoming a professional athlete or entertainer then you do becoming a billionare.
i would believe that guy when he tells me not to trust my government and buy gold and silver, before i trust a government that takes 30% of my income and tells me we need more.
government is important do not get me wrong. for some things anyway. but politicians and the people running the government are not. they bleed tax payers dry and act as if they are a protected class. and can do no wrong. useless bastards.
Doesn't anyone remember when he had a massive heart attack, was recuperated and instead of just paying the hospital bill like anyone else, simply presented a $3 million dollar cheque to purchase valuable lifesaving equipment which the institution could not afford? Now that's a big australian!
bbq bob the full story was that when the ambulance arrived it was only the only one in the state with a onboard defibrillator. That saved his live,
As a result he bought every state ambulance a defib. Making them be renamed in typical Australian fashion a “packer whacker”
@ bbq bob
bbq bob Hospitals are free in OZ if you come through emergancy......
How did he make all that money?
@Marc Rossbridge He ran businesses and made money, never bankrupt - very different to the Trumpian
Nothing like Trump. Packer on more than one occasion spontaneously paid the mortgages of the dealer at many casinos in Las Vegas. He was also known to have said "Only poor people sue".
When Kerry spoke he showed everyone what a 'Boss' he was. He owned the show and made everyone else look like an amateur.
A fan of bullies then? Separate this man and his money and you would discover quite a different man ... a much smaller one.
@@user-rj5kx8wr6y hahaha jealous much?
@@user-rj5kx8wr6y feminist I take it 😂
Especially when he fell off his polo horse.
I love his stature and his unwillingness to yield.
He is a legend... another person who is sorely missed from our public space.
“I appear here reluctantly” - one of the most simple and yet greatest lines in Australian history. I love seeing and hearing people use this line to this day, always makes me smile
👍
7:17 "Every time you pass a law you take someone's privilege's away from them".
Sounds like every other student during roll call... nothing special here.
If someone tries to take me to court, I plan to say that "I'm here under duress."
@@aussiefarmer4955 Should have said rights not privilege.
"Of course I am minimizing my tax, ... because as a government I can tell you that you are not spending it that well that we should be donating extra ! " Now how true is that wherever you are from !
Except he was blatantly lying in his representation at this meeting. You really need to do your homework before having the wool pulled over your eyes.
'Kerry Packer was a brothel chief
A tax cheat and a kidney thief
And procreating Jamie was the worst mistake he made
But all that was forgotten
Once he took his final breath
Yes, even cunts turn into top blokes after death'
-The Chaser Eulogy Song
@@Elitist20 Our lawyers at Crown Resorts Limited will be contacting you shortly to commence defamation proceedings against you following your besmirchment of both Mr James Packer and his father's, Mr Kerry Packer's, good names and too, reputations! As for those VERY BAD Chaser boys, well...
@@clownworld2244 I have passed the following onto them. Curiously I have heard nothing from them since:
"Rarely mentioned, however, was the fact that just three weeks after this apparently wonderful performance, Packer had to abandon his quest for Fairfax...Three weeks earlier, he had emphatically and repeatedly denied to the parliamentary inquiry that he would exercise any control over Fairfax. You are either going to have to believe me or call me a liar, he said. It was riveting television, silencing his questioners, and spoilt only by the fact that he was lying.
"Moreover, just three weeks later, he was effectively caught out. Luckily for him, the extent of his dishonesty never came into public focus. But the tribunal’s demand for the key documents was enough to undo him."
Who leaked the documents? Hmmm...
insidestory.org.au/how-packer-slipped-on-fairfax-with-help-from-malcolm-turnbull/
@@Elitist20 So he lied to politicians? LMAO He made them look like the fools they were and you are probably one of the reporters who thought the tail should be allowed to wag the dog.
This man makes me so proud of Australia and I’m American
Same...I'm an American but he makes me proud of that damn continent.
@Tom Martyr why you pick few words from comments and add question marks at the end and post it again?
@Tom Martyr it's same like Chai tea, same thing, but people call that anyways... Your missing the whole point tho, did you read his comment and get the message instead of pointing out the obvious?
Proud of Australia, yea. Especially Australia's Emu War is the embodiment of National Pride.
Don’t admit to loudly your American
Regardless of what he's saying, he might be one of the most comfortable public speakers I have ever seen.
Calmly stirs his tea and destroys the committee of lightweights.
This is how you have a discussion not shout and fight
the GLOSSA channel
Thankyou for being the judge on how to discuss things
@@ianjenkins8114 no worries mate anytime 😽
This is how a man with alot of money has a discussion
It's a lost art
this is perfect quality video for 1991. almost HD.
made in oz
+mikemer79 House of reps always on the cusp of new tech must have spent loads of taxpayers money on the latest digital tape. Would have cost an absolute fortune back then but still beautiful quality compared to Betacam sp.
Some would argue it's better, when transmitted it's less susceptible to that pop/squeek/Hash static BLAST of digi.
Also analogue slowly fading to white noise, picture and audio, well the Human brain can still percieve with absolute accuary to a far greater level of "signal loss"
Interlectually I know in perfect situations, one is remarkably superior, but Gosh the colour here, mastered by an engineer no doubt 😉
Last up, there's not one Geek, Pilot or radio enthusiast that didn't know what was going to happen going digi at Morrabbin AirPort and several channels, mostly 7. Did the listen 😂🤣😂
The video is recorded at 480p
The Dave
Tax payers money is not used as you imagine.
The Government borrows all its funding from the World bank. Currently in 2018 it is at 2%
The tax payers whose sweat and labor are forcibly stolen (pirated/taxed).means (a) They are effectively slaves providing labor for FREE.
OTHER taxes and revenue raised by the GOVErnments are used to pay off the Gpvernment/Corporate debt to the international bankers..via a portal known as the TAX OFFICE / Revenue Dept. ATO...IRS and other names it is known as.
I saw this exchange when it happened. Mr Packer clearly knew his business and that is why he was such a success. His responses to the committee just confirmed that many had little understanding of what they were trying to achieve. He was a very generous man, one such example was when he gave 2.5 million dollars to the NSW Ambulance Service following his heart attack to fund a defibrillator in every Ambulance. Vale Mr Packer.
He freaking owned them all they didn’t stand a chance the moment he sat down!!!!
The thing is politicians are terrified of billionaires especially if they own media corporations or they own big tech like Facebook because rich people like Murdoch or Zuckerberg and of course Kerry Packer who is now dead always tend to know or store information and other dirt about politicians that if made public such pollies might be out of office.
A delight to see a thinking man speak clearly and frankly about himself, his business and state of the country. R.I.P. Kerry, many remember you well and think kindly of your famous generosity, charm and BIG character .
A great man of Australia and sadly we do not have anuther Kerry😒
One thing I will say about KP. He was generous with his wealth and rewarded people well, when they earned it.
What the fuck are you on about? He was a notorious tax cheat. The man was a thief!
He was a cut throat businessman now if he did pay his staff well it was because they were making him money
This resonates even more today than all those years ago.
Theyve gone too far noe
7:55 did he say heads ripped
@@criptik5208 heads read
He strikes me as a hard-working, straight forward and highly intelligent B O S S
And was Iliterate for a long time as well from what I've read, just proves nothing can hold you back if you put your mind to it
He was. Happiest days of my working life were spent with Mr Packer's organisation. Had the pleasure of meeting him, briefly, once or twice. He was a big man (about 6' 5") .Physically quiet intimidating. But actually a very gentlemanly guy with a great sense of humour. . But, yes, he could certainly go on the attack when he had to
This is one smart businessman. I love his response to being questioned about minimizing his taxes.
When he was alive
He was the richest man in the southern hemisphere
More than Richard Branson and Donald Trump
@@sAdrenalinStyle Donald Trump is not even on the Forbes list and he's not a Billionaire (not even close). Kerry was one of a kind. Sharp thinker and plain talker
@@sAdrenalinStyle Kerry packer was a great personality. But the southern hemisphere completely excludes Asia, North America and europe.
@@thirdman1228 except he is.
@@fangdog29 Spot on ,the southern hemisphere does exlude North America,Europe and asia
These politicians did not stand a chance. KP smashed them.
Lol he has the same bosses as the politicians,they were all as crooked as eachother.
I think you're referring to the corporate central banking gangsters.
6:16 The Iguana has spoken!
Moose Mawson
Oh My - The world is in desperate need of more people like him NOW
Never heard of this man but I’m glad TH-cam showed me this clearly I’m on the right path based on my ethics haha
Lol same
Same same
Kerry Packer was a media giant (print and television) in Australia and Australia's wealthiest man at that time. A great Aussie!!
He told it like it is! Gone but not forgotten!!
His son is James Packer who now runs the empire and is into Casinos.
Haha ditto!
Same here, man
He looks like a real life Kingpin. No insult intended.
@yajo891 If you get the chance, read his family history. Built an empire to this day.
Kerry Packer, the ultimate Australian.
He was an Australian who stood up, had a go, and succeeded!
We need more Australians like him.
Great video 👍
Australia desperately needs something like this now. An intelligent figure with a grasp of common sense putting ignorant, inept politicians who don't care about the everyday Aussie but only about their own ambitions and egos in their place.
Aussie politics seems like a real boys club too- no diversity and just people patting each other on the back with no independent thinking. Before long we will be NZ's poorer cousin.
Same with UK Germany and the USA
@@michael57603 yep, it's very cliquely here. It's hard to get into any social circle of significance.
@@michael57603 NZ's poorer cousin.
You must be smoking some of that devils lettuce.
@@reswobiandreaming3644 the problem with the lack of diversity in Australian politics is the consequent herd mentality. There will not be sufficient checks and balances under that system.
Amazing how politicians have not changed and as stupid as ever. Miss you Kerry.
His point at 6:38 is an interesting one. Are we, the people, any better off for all the new laws that the parliament passes? When is legislation effective and when is it a waste of time? Its a question that should be asked of political leaders everywhere.
and that once our rights are taken, in one form or another, they aint coming back
he gave zero examples though. he simply wanted to be able to buy all the media in the land given the chance.
And...
@@aaronstately I can give you one right now. Even though they were introduced at a state level and more than 20 years after this, the Lockout Laws in NSW that have completely destroyed Sydney's nightlife are a perfect example. Without fixing the problem, they took away our privilege of going out for a night in the city and having a good time, drinking and having fun. These laws have killed all the businesses that thrived on our once amazing nightlife and with that, Sydney has become a boring ghost town in which there is now nothing to do anymore.
@@dimitrivasilaras7381 well you say they dont work, but maybe many say they do, hence why they are still in place. Many laws work that way, that is. that some forgo freedoms because of them. I dont agree with those laws, but that dosnt mean they are not working the way those who instituted them wanted them too... despite being a setback to you.
What a great man Kerry Packer was and was never afraid to say what he believed. His life was a real life movie and no bullshit at all. He could have been a great Australian Prime Minister had he wanted to be that. There has been no other person like him.
I’ve never heard of this guy but he sounds like an absolute legend
Unfortunately the Left will have you believe he's an evil and corrupt capitalist.
@@samharkin9981 Why's that LateraL?
He sent a Vegas casino broke
Kerry was Australia richest man forever as a media mogul and did not suffer fools, especially politicians. He was awesome in every way.
@@samharkin9981 No, I'm a card-carrying burnt-on leftie and I acknowledge Kerry as an absolute badass.
Australia and the world need more blokes like Kerry. Common sense and high intelligence are rare commodities invested in one man. Kerry had them in spades. Cricketers in particular owe him a debt that's impossible to computate.
His son needs more of his business know-how. People who make a difference in business are trying to solve a problem, or have a vision for the way things should work (like Packer's world series cricket, or Bill Gates' a computer on everyone's desk). They see it before other people.
@Evan Hodge computate (third-person singular simple present computates, present participle computating, simple past and past participle computated)
(obsolete) To compute
@@mathewdeering We all though that Mr Packer was giving the lecture.
The good old days when you didn't need a gaggle of lawyers dictating ones speech and letting an intelligent person just get to speak their mind.... #oz
He good of had a gaggle of lawyers, but he had balls to stand up to the cronies and actually new what he was talking about. He beat them at their own game
Except he was blatantly lying in his representation at this meeting. Look it up. You really need to do your homework before having the wool pulled over your eyes.
@@inspiRational99 So do you. Hearsay peddled by left leaning media self interest types is hardly some form of empirical data is it now? You sound like a #metoo snowflake there - unsubstantiated assertions have suddenly become "facts", right?
Be careful - you know what happened to little Pinocchio don't you?
@@inspiRational99 You keep making this comment, and never elaborating. What was the lie?
@@sheriff0017 spammed a copy/paste comment. Was interested in the range of replies...
The subsequent weeks after this hearing forced Kerry Packer to withdraw his position. Tourang was also forced to commit to Packer not being involved whatsoever.
It's surprising that people take this charismatic display at face value.
22 years on... Not much has changed!! I love this footage..
Same today
Favourite quote… 7:17 - “Every time you pass a law, you take somebody’s privileges away from them”
This fellas a sharp bloke. He is the smartest person in the room and they know it.
Loved Kerry's last answer, was spot on...
www.smh.com.au/national/packer-legacy-to-live-on-through-charity-20051228-gdmoz8.html
Heaps actually. He may have been a tax dodging bully, but he did a lot for this country.
If you multiply a billion by zero you'll get a clear understanding of his contribution to this country.
Kerry wasnt given a 882 million cheque like abbott and hockey delivered to murdoch and gina ipa donation scams
@@charlieg9597 What did he give a billion of ?
Don't let the facts get in the way of your partisan perspective
I'm just in awwwww of the way he goes about answering his questions, love him or hate him u have to dam RESPECT him
the GLOSSA channel
I heard a story about Kerry from a police officer i used to work for many years ago. Kerry pulled up on a take away shop in the south side of Sydney. The husband and wife just about shut there business for the day Kerry asked are you closed they said no sir. They reopen just so Kerry could have a bite to eat. Kerry seen the kindness in the couple and was highly grateful and wrote them a 20k cheque. True store.
I saw Kerry Packer exit a takeaway at Kings Cross about 1992. I think he liked his fast food.
@@gmtoomey he definitely didn't eat a billionaire diet. Ive been told he lived on Fanta.
@@gmtoomey Kerry was a complex man," Hulme says. "He smoked 80 cigarettes a day, had two quarter-pounders with cheese for lunch, maybe a couple more for dinner and he drank nothing but Fanta, or freshly squeezed orange juice as he called it.
His favourite food was bangers and mash washed down with fanta
amazing how well his point of view holds up under 2019 scrutiny
I listen to the full audio transcript often as I drive from Newcastle to Sydney.
"Every-time you pass a law, you take someone's privileges away from them"
"We should all be minimising tax... because as a Government your not spending it so well that we should be donating extra"
Excellent rendition, I can't wait any longer for this "open slather" (Free Trade) which Packer advocates
=]
One of the GREATEST business men this country has had.
Ford Driver he’s just a rich asshole trying to turn humans into slaves
@@MrMcmatto ....... bahahahaaaa !!!!
@@MrMcmatto You are a slave from birth if you want to live in palm hut farming rice in a field than that's on you. But nobody gets a free ride everybody has to work the only people who make it out free are the ones who can amass a sizable wealth in their lifetime. But that doesn't come at a cost all the these government programs you get for free have to come at a cost from somewhere and there is some big money that has to be taken for it.
I reckon Peter Costello was sitting there thinking, "this guy's brilliant". I'm meant to be interrogating him but I actually think he's tutoring us :) Classic.
His question certainly sounded like an invitation to comment more on his views. Costello even looked like he was on his side.
@@andrewkemp1882 The full video may convince you otherwise.
Yep, to see Costello sitting there all quiet was something. I've come across him, and he's as arrogant and full of himself as anyone you could imagine, and I've seen him lay it on in parliament like no one's business. But in front of Packer? He was as docile as a mouse. :)
This man inspired Marvel Studios. The Tony Stark hearing scene.
Tony Stark is just a cheap imitation of Bruce wayne.
@William Shakespeare The Turd And?
I've never heard of Kerry Packer before today and now I never want to forget him!
An absolute Alpha Male
Politicians eh.
They do nothing to generate ecconomic growth - just take, take, take.
I love his frankness and putting his truth like it is and watching the board squirm while looking for a way past this obstacle.
Balls like Bowen Mangos Big Kerry. A man not to be FKD with. Respect and R.I.P
I Wish Mr Packer was still here to Run this Country , his words have so much meaning and truth
Crocodile Dundee : Rubbish. He was a complete cunt. Out for himself, and didn’t give a flying fuck about you. If you want him in charge of the country you need your head read.
Tim Hendrix what is it with these minimum wagers sucking up to filthy rich cunts that wipe their arses on the working class 😳
@@manonymous4737 If you want to live in mud huts and line up for bread than that's on you. But capitalism is the invisible hand that gives and before you can be a commie and smoke weed you need wealth to give in the first place.
Peter Costello looks like he's 12
@@Alock94 Communism is over and take a long look at your own nation. People starve, line up for food, all the criticism launched at Communism usually applies to Capitalist nations
Took a look at the former USSR, and honestly say the average Russian, Ukrainian, Belarussian, Kazakhstai etc. are better off under Capitalism
Imagine what he would think of Australia now?
He would be a great voice for Australia this day and age, Australia Has Fallen.
This guy is awsome! He's a straight shooter. He speaks with authority.
Gotta admit that Kerry was a force to be reckoned with, an Aussie man that i remember we had many of back in the day, a man who called a spade a spade
Yes indeed.He was larger than life!!
Yes we need a few more of him today..
Admire Mr Kerry Packers true Aussie character a tough never give up a true achiever no grey area here just black or white . May he rest in peace . God Bless Australia was not the same. Awesome last statement so true
BRILLIANT .. I've watched this more than a few times .. a Brilliant businessman and a GREAT AUSTRALIAN
A man that wasn't afraid or intimidated by anyone, it's no wonder he was such a great business man. Not many people in this lifetime could sit there and be so open and candid to these so called law makers. Most certainly a person who has done his homework so well and understood it that he doesn't even need a lawyer to talk on his behalf. When you watch it you can see how he takes control of the entire audience and situation by making them look like fools with their own questions of repetitiveness. You can tell each one is scared to ask a question for fear of looking stupid for asking it. Quite simply a master of a business person.
P.s I didn't say he was honest or a good man, just that as a business person he was damn good at it. I liar maybe, but isn't that what we get fed from politicians anyway, Lies, deception, and round about answers that don't answer the question itself?
Anyone can exude the vibes he does if they know the law. He read the Constitution and he knew where he stood. Nothing else really matters in the eyes of the law. Just make sure you film any interactions on your mobile phone too.
Kerry Packer was the real deal Aussie bloke. Never afraid to call a spade a bloody shovel. I wish I could have been on the receiving end of one of his legendary tirades. Imagine if there hadn't been any camera's in the room that day.
RIP Kerry.
When i worked at ACP Magazines back in the old days.... I arrived late to work and bumped into Kerry via the secret back lift.... Good morning Mr Packer..... You're late yes!!! Make sure your not late again... I nearly pissed myself seriously... hahahah
@@user-rc8zt8wf6w nope. I don't see him as a tyrant. Kustro was late. And as an employee, he should be punctual. Unless, he asked him to come in 1 hour earlier everyday , else he would be fired. Then yes. He is a tyrant.
This bit at 6:58 is great: "if you want to pass a new law, why don't you want to do it when you have repealed an old one"
Kerry Packer's argument is applicable everywhere. Glad to have found him on YT.
I miss old style business folk like a Kerry Packer; no one is perfect but this bloke had a good head on his shoulders.
David T ME TOO!
Absolute Gold , KP tore them to shreds with points that are relevant still. Bravo
1992 - there was an adult version of the show “funniest home videos” being shown on his channel 9 one night. I never saw it but it was animals humping, people being caught in the shower etc. Kerry catches it on his TV at home and calls the control room and tells them to get that rubbish off. The show stopped immediately and they put on Hogan’s heroes or something until the end of the time slot.
I’m sure there are many KP stories but I always loved that one.
Kerry was always such a scream at these political meetings. Nothing was funnier than when he was being queried about how little tax he was paying, and he came back at them with 'bloody right! It's in the interests of every Australian to minimize their taxes, given the way you lot spend it!" :) He had a blunt, take-no-prisoners personality, but was generous to a fault with everyday Australians without ever seeking attention for it, unlike so many celebrities who do it for the media attention. One of my favourite tales of Kerry Packer is of the time he was sitting in his office, listening to John Laws (king of daytime talk-back radio for decades) and heard a sob story from some guy phoning in who had lost his car to theft and couldn't get to work to support his family. Packer promptly called his assistant in and said - 'Call Lawsy, get the guy's number, and go buy him a car!' Typical Kerry Packer. He was one of a kind, and every cricketer in the world has him to thank for the fact they now make decent money from the game.
Bloody oath! Sad to say though, it appears the apple has fallen quite far from the tree.
"You have guidelines, and you have changed them. You've twisted them around in response to pressure from journalists. Now, you know, there are people out there who want to invest in this country. And they want to invest in it because they think it's a stable, decent country. The performance we have seen and the attempted hijackings of this company, in this performance, have taken people who I know over there who are saying, "Why would anyone invest in Australia? The laws get twisted and changed, the whole structure gets moved around depending on whether they like the colour of your eyes or not.... the clients that they have are worth hundreds of billions of dollars. And they're saying, 'Nobody could carry on like these people. It's not possible.' Now that's the damage you're doing, changing the rules every single day."
...
"Since I grew up as a boy... there must be ten thousand new laws been passed. And I don't really think it's that much better a place. ... If you want to pass a new law, why don't you only do it when you've repealed an old one? ... Every time you pass a law, you take somebody's privileges away from them."
...
"There's nothing wrong with minimizing tax. I don't know anybody who doesn't minimize their tax."
_________
This exchange, reminiscent of Hank Rearden's trial in _Atlas Shrugged,_ is a perfect illustration of the chasm between the thinking of bureaucrats and businessmen. Politicians and legislators keep creating new laws, because if they don't, they feel like they're doing nothing. They _love_ having those laws with their names on them (Obamacare, Dodd-Frank, etc.) But they almost never repeal old laws. The _cost_ of the ever-increasing burden of legislation is something they never consider. Bureaucrats also seem to think that figuring out ways to reduce your tax burden is "unpatriotic." They don't look at it from a business point of view, where if you don't take every advantage that you possibly can, you will lose out to competitors who do. If there are loopholes in the tax system that allow some people to take advantage of them, it's the government's job to come up with a tax system that doesn't have those loopholes. But it's also necessary to keep in mind that the more you tax your own country's businesses, the greater the advantage you give to foreign businesses. If only bureaucrats and politicians had a grasp of the fundamentals of Austrian economics... but now I'm just dreaming. That will only happen when the _masses_ have a grasp of Austrian economics, and now we're talking pure fantasy, unfortunately.
Another problem with government types is that they think that the solution to any problem is more legislation, i.e., coercion. They never seem to grasp the simple concept embodied in Aesop's fable of the wind and the sun: the more you try to coerce people to do something, the less likely they are to do it. _If you want people to invest their money, create an environment in which they feel safe doing so._ When there's no assurance that interest rates and currency exchange rates and other market conditions will remain stable, people will obviously be reluctant to invest. The government response to this, of course, will be to implement low or negative interest rates. The people's response, in turn, will be to invest in gold or cryptocurrency, or overseas in countries that are more stable. In response to which, the government will introduce more legislation... and round and around we go.
One exception that strikes me, though, is that when Packer advocated no restrictions on foreign investment in media, foreign investment meant western investment. Now that we have players on the global scene whose ideologies are inimical to our way of life, it's probably best to reconsider that position.
Thank you for this.
Sure, well, it was 1991. Berlin Wall was down, international liberal democracy was at a high point. Can't quite blame him for desiring free trade and openness in such a relatively hopeful era.
Wow, thanks for the transcript - I'm so impressed. I lost my hearing years ago without even realizing it! Or did you think that, by laying it out, you vicariously shared in Packer's delivery? Tacking on the Ayn Rand rant says even more - if you haven't figured out the flaws to her Utopian capitalism yet, you really should just stay at home - it's fiction for a reason. If only politicians and a slew of dumb Nobel prize-winning economists would adopt her views! :)
This is manhood personified. I respect his oration a great deal. What an imposing figure he cut in any room he entered. In today's word for the younger generation, a total beast. I hold a pretty good job, but I wish I could be half the man KP was. Respect big fella and RIP.
And sadly in this day and age feminism is trying to eradicate this type of man.
@@zatgeye7320 Ever wondered what a woman with similar personality traits to Kerry Packer would be like?
@@reswobiandreaming3644 no
@@zatgeye7320 They aren't very popular because people tend to like their women extraverted with high agreeableness and mid-range neuroticism.
Being a Pom and living in Australia for 13 years now, i think the guy is a legend, what i noticed at the time he was the richest man in Australia, and he went in that court with no lawyers or any help and made them look like fools,
It’s not a court it’s a parliamentary enquiry, he had lawyers advice and with a mind like a steel trap and a memory like an elephant he was a formidable opponent. It’s the Print Media Enquiry and the pollies were out to get him. He made mince meat of them. Makes very good television and never dates.
I love his style and miss him. He had the pollies on the back foot.
Such a smart man love watching him 🙏🏾❤️ exactly right spot on when passing a new law they should take a old one away well said and such wisdom
PACKER dropping knowledge on those Freuds !!! We need men just like Kerry in parliament today!!
I totally agree
What has Sigmund got to do with this? Stick to The Today Show, Stacey
@@themoops811 oh and those halfwits on Today can go jump too, hate that bloody show 🤮👍
“You’re either gonna have to believe me or call me a liar” Savage words
Classic Mr KP ( The Big Australian ). In my opinion an Australian Icon that was way ahead of his time.
If you have any spare time read The Rise and Rise of Kerry Packer. Loved it🇦🇺
At the end it just gets sooooo good
Kerry was certainly a force of nature.
I'd love him to be around now, to hear his views on our energy conundrum.
lol
I'm miss him soo much...the "art" of avoiding tax is so Perfect...
James isn’t half the business mind his father was. Unfortunately.
James always thought it was better to own the casino rather than gamble in it. Unfortunately though, he hasn’t been able to make that come true. Some of his decisions have hurt him no doubt.
God Damn Legend. Best clip on TH-cam, Hands Down.
A bit of an exaggeration but okay. I see you.
👍👍
Watch the whole thing, it goes on for an hour or so and is riveting. He absolutely smashes them, especially the lefties, the liberals were far more cautious. He didn’t speak publicly very often but when he did people listened. He was legendary.
Despite what people say about him, he is a bloody legend. The unbelievable knowledge he had and the way he spoke is amazing. He didn’t answer the typical “political” response. You gotta watch the American Congress to see the difference lol he’s a true Aussie
Absolutely crushed senators with law degrees with just common sense.
Very cool interview. I have viewed this a few times and am sure his son is proud of his father.
For the first time, TH-cam algorithm got it right and brought me here. This is a gem 💎. A movie must be made about this remarkable man.
Just such a wonderful man and manager. So switched on, alert and thinks the same as the majority of Australians.
I love the way he gives you that great white shark grin as he looks you up and down as if your a snack.
Aussie legend Kerry Packer is
I wish this man was alive to run Australia. We could be the strongest, wealthiest and the most peaceful country on earth.
Rules and regulations are subject to interpretation. The interpretation of those rules and regulations are governed by laws and laws are interpreted by how big your checkbook is.
The late Kerry Packer....a true legend.... Well said.... He had all those politicians on the palm of his left hands.
Kerry would be turning in his grave at what a buffoon of a son he has in James. James will send the Packer empire crashing as he has no idea. There will never be another KP.
@@melbsteve and nothing of value will be lost.
I couldn't have put it any better myself well done KP
When he hits the table , it tests the bass of my earbuds, good audio recording.
Pre 00's - Kerry Packer owns the interrogation.
Post 00's - Mark Zuckerberg sweats and stutters through an interrogation.
I remember when this interview was on TV! I'm certain he says after the cutoff that he doesn't pay a cent or less tax that he has to! That was sage level advice!!!
"As a government, you're not spending that well, that we should be donating extra" .. *Boom* mic drop!
A legend pure and simple Rest in Peace Mr Packer
Thank you
What an amazing man. He is so right!
I love his attitude, reminds me of Trump. He knows in other circumstances, they would be applying for a job interview to work for him.
2019 - Most of Australia's assets have foreign ownership. Good work politicians
that last sentence was legendary.
All this did was show you how crooked the Government could be when they knew that someone who was not a politician and also a threat to all of them. He learned from his dad and he also knew how to look after his own people . He was tough and shrewd but if you delivered the goods he took care of you. We need him around today in all facets of our society .
I don’t even really know who this man is but I like the way he carries himself.
Still boosting the 40 year old circus eh😂
I watch this excerpt from the hour long version quite often. Packer was brilliant, brutal and blunt. He wasn't afraid if lame politicians
Brilliant, he was a great
A reporter asks him the question, asked at all that have expired then been resuscitated. He answered; “There is no Heaven or Hell, no one is watching you, so you can do what you bloody we’ll want! “ Hard man.
LOLOLOL... Love Kerry Packer's relaxing but clear speech style and his humor esp. at 0:46
VERY SPELLBOUND AUSTRALIAN ICON. LOLOL
Yes, this is THE difference between self-management and the other using servants in the same 15%. LOLOL... Amazing his debating speech. I will put him as top 1 Australian in speech style better than any PM I knew.