@@joelsaldanha6252 yeah I guess he should have just bought a house and sat on his hoop- nice and safe, lazy way to get Wealthy instead of actually creating a good or service. So he fell on his arse...so what? Better than 98% of us lazy Aussies
@ML6103 when someone is trying to preach the entire country on how to run its affairs, Goin on rant to blame migrants for every problem, spewing venom and hate and boasting on what he would do as a PM, the best yardstick is to measure is to assess how your own creation has performed coz results speak far louder than tall claims. It's very easy to go on podcasts, do a verbal diarrhoea and make radical claims to make headlines but difficult make wealth for his own shareholders. He maybe better than a lot of Aussies but when you're finger pointing every one, people will question your own credentials on running your own company. Also, how do you know he doesn't have a ton of properties, himself and has benefitted from the so called ponzi 😜. don't think he has declared that 🤔
every thing he said was created by government more government is not going to fix bad government because they are the left and right of the same government
The people in charge and the people with all the money just don't want to suffer, this is why they won't allow any of this painful reform, it hurts them more than it hurts the average aussie, they will fight tooth and nail, sacrificing us in the process, to avoid any of the pain they can. We are led by cowards and liars.
DEI is killing our skilled workforce. I worked for one of Australia’s biggest companies for many years. I was involved in selection of skilled Tradespeople and Apprentices. We HAD to recruit and onboard at least 80% female and meet 25% indigenous. The males who studied toward a trade could not get employed regardless of their capability nor potential. Of the females we employ, 90% are not interested and never use their trade skills after 4 years of study. If I didn’t meet the recruitment target, I was abused by HR and management, lose my annual bonus, and told I would be removed from the selection. Around 30% of the DEI candidates would not complete due to pregnancy, physically not able to do it the job, and not interested. Our Trades are dying quickly.
Agree, a family member even back in the early 2000's always wanted to be a lineman's, they probably call them "linesperson" now, anyway he was very passionate about this career choice, did a pre-voc electrical course always reading electrical standards books, costing him hundreds of dollars as those books ain't cheap. Applied for a linesman job, problem was the employer had an exemption from the anti discrimination commissioner to employ female candidates over males, to compensate for past discriminatory practices against females. He spent literally hours on the job application and practicing for interview questions. The interview never came, he gave up on this career choice, now works selling electrical gear at an electrical wholesaler, he is practically gifted, can fix literally anything, always tinkering, not saying there isn't any females as practically minded as he, but there wouldn't be many, yet they're getting the practical jobs, and he stands inside behind a counter.
@ I really feel sorry for this. There are SO many cases like the one you mentioned. I was even working in local schools and engineering college to gain interest in Mining, Engineering, and Trades. Mostly male attendees as the females are not interested. Even special female only events would get lukewarm warm interest in Engineering/Trade careers. These would all be about female empowerment with nothing for males. In the end the young males in schools knew what was happening and had resolved to never being an equal opportunity at jobs. It still eats at my soul….
God help us and thank God that someone is finally speaking out, and good on you sir thank you so much Matt Barrie l Just hope that people listen to this man why isn’t he Prime Minister
You sir should be PM. Most people with common-sense having being saying this for years. Problem is we got leaders and other influential people who are living very comfortably and have great jobs being to WOKE and have their heads buried in the sand due to their comfortable lives and agendas.
I agree with Matt on everything except the statement that America is strong. They are $35t in debt and growing, haven't won a war since WW2 and need us more than we need them.
I'll tell you when it went to shit. When Bob Hawk said work smarter not harder. Every kid needs to get a tertiary education. Well guess what, now we have a generation with zero practical skills and an education debt they'll never be able to pay for. Not to mention a lot of those kids in the last 30 years had great aptitude for trades and zero aptitude for academia. They are now on the bottom of the pecking order for jobs.
@ML6103 well if you want to build a house and your university degree doesn't earn enough money to pay the trades its a big problem. If you need a plumber to do some maintenance on your house and the wait is months and the cost is ridiculous because of a shortage of trades and you have no practical skills because of your education its a big problem. If you can't get a house loan because you and your spouse both have huge education debts for a degree with limited job prospects its a big problem.
@@stevenstart8728 none of that has to do with what you've mentioned. I am actually very confused about how you've made the connections there and totally glossed over the myriad of other documented reasons why we're in the situation we're in.
We have the world's largest iron ore deposits and exported 56% of the world's demands in 2023. So why are our public schools unfunded under staffed run down. We are also the world's largest exporters of natural gas, so why then is our public healthcare system being allowed to fail from lack of funds. We are the third largest exporters of coal. Why do we have a government housing shortage. We also produce on average 268,100.000 kg of gold per year from 1990 to 2023. Why do the governments keep selling public infrastructure. The ALP and LNP have been "deliberately incompetent" corrupt. A standing joke at a billionaire's only dinner party. The host needs only to say "Australia." Because we are a joke to the world. Ps. And don't forget all the other minerals. AUSTRALIA is one of the most mineral resource rich countries in the world !. There is no excuse that the government can make that can justify the level of poverty here in Australia.
I’d just sack everyone in labour ALBO Wong Gallagher shorten Burke the BIRK et al! Start charging the big companies taxes. We should be as rich as QATAR AND AS SUCCESSFUL AS SINGAPORE……BUT WE ARE STUCK WITH CAREER CORRUPT POLLIES STOP NEGATIVE GEARING AFTER FIRST INVESTMENT PROPERTY…... THIS MAN SPEAKS THE TRUTH. WAKE UP AUSTRALIA….
Mate I sat down with my kids and explained what's going on in Australia and even they worked it out how dumb the government is and sadly they are going to stuffer from the government's stupidity.
We could see so many red flags 2 years ago that we sold our possessions, gave up our rental and been on the road ever since. Can't imagine how ppl are coping in this cost of living crisis which has no end....but we are doing much better
Instead our Labour government is focusing on curtailing free speech with this misinformation disinformation bill, of which they are the greatest propagators.
Yes we have issues with immigration, however the major issue as I see it is the increased flow of capital into rent seeking investments and capital gains. This form of investment is increasing the price of assets along with the overall cost of living and the outcome is a skyrocketing the wealth gap! Money is being sucked out of the productive economy and out of the hands of wage earners. To the great determent of society in general. Taxes targeting wealth need to increase, taking the pressure of wage earners and facilitating the flow of money more evenly throughout the real economy. This will most likely require greater levels of international cooperation to be truly effective.
Allow new gas production with 25% local minimum use. Complete infrastructure projects under construction and have a 30 month break before new projects start. Reconfigure negative gearing to focus on new build accommodation with varying rates for rural, student, multi unit and disability construction.
I had a similar thought regarding resources. Pick a value, say 10% to start with - 10% of natural resources mined/extracted in Australia need to be consumed (at no charge) or alternatively processed locally. Force the big miners to value add to them here first before exporting. In the case of NG for example - 10% needs to be used for processing other minerals here, or given up for free to local electricity generators for grid supply. Same with solar - if you build a giant solar field, that’s awesome! 10% of all generation must be given for free to the local grid though. Just means they’ll need to overbuild their projects by 10%. Have caveats for value adding locally though - stick and carrot approach. Obviously a lot more to flesh out, but we want to prioritise doing more stuff locally here.
Increasing taxes on real estate investors ? Most investors are mum and dads who have one property. Have a look at what’s happened in Victoria. Investors are fleeing because of higher taxes so now you have sky high rents and not enough housing.
@@jonahtwhale1779 we do have lots of voluntary tax's. Tax on things like, Cigarettes Alcohol Speeding fines Parking fines These things also attract 10% GST Consumer goods also attract GST. Things like , Clothes Shoes Handbags Electronics Every time a consumer buys something they take their effecive income tax rate on those dollars spent up another 10%.
Sell all public housing houses to private market start with 2770 and use the money to build apartments metres in the air like every other country does for public housing
Australia has a lot of oil which was capped back in the early 60s at BEACHPORT and surrounding areas my Boyfriend drove a recording truck he used to talk to my Dad about what they were doing in the surrounding areas. I’m now 79 years old almost 80 and have never heard about any of the wells being uncapped.just maybe these could make Australia wealthy again???
I like all of his ideas & concepts. Here's a few more: make sure no one enters politics or working as a beaurocrat within 8 years of leaving school (including uni), cut politicians wages by 30% (the higher end of the scale) & ensure that people who work in essential services eg nurses/ambulance/teachers/fire offices & defence personelle etc can defend themselves when verbally villified (the good ones) because they are Not Allowed to right now.
I would wipe out all the unnecessary spending Australia. Where does everyone get off crying poor to me, when just last night I was witness to a total waste of time, money and resources with Halloween themes. The advertising, the costumes, the decorations, the trimmings, the treats , the extras. It is not necessary. I get irritated and "unfriendly" with these types of "events" because you can see all the money being wasted on it , yet the same demographics responsible for it , are the biggest complainers about the costs of living . It is not Australian. It is not character building . And for all telling me to "mind my own business" ? That is EXACTLY what I am doing by resisting it . Minding, my business. 🙄🤨😑
Halloween in Aus is just another cynical money grab by retailers, but you can't legislate against that and call it a "free" country, much as I'd love that to happen. Everyone gets off crying poor because the last person they look at for blame is themselves. A large number of people are doing it tough - feel for them - but there's a HUGE number of people that have ZERO financial discipline, and their lack of self-control is always someone else's fault, usually the govt.
@@Calphurnia966 well said. All that money spent on that event also attracts a 10 % GST. So the people who can least afford it have just volunteered another 10 % tax on top of their income tax.
You sweet sweet man. 💜 Validation backed up with another simple economic particular , that I hadn't pointed out and I hadn't pointed that out because of my own "seeing" of matters can be confined to the visuals being from social and cultural and spiritual impacts , prioritised in my responses ; hence neglectful to the : yeah it is that , BUT there is also this factor about it also , that pops in the jigsaw piece that completes the bigger picture so efficiently . Totally validates and completes the point I was trying to stumble through . I forgot to mention, that. So will emphasise and support that very impertinent point you reliably upgraded my own reply with . And you can add the GST onto all of that Halloween happening shopping list as well Australia because I forgot to mention it as I am the circus performer in our family , not the financial planner in my family . So add the GST onto all of the aforementioned as well . Thankyou Stephen . I trust that validates your contribution explicably . 😤💸☺️@@stevenstart8728
... The 1st thing *(1st)* ... That I, would do, is to DUMP ALL personal INCOME TAX-!!! Then, I'd RAISE the GST up 3%, cap and seal it at 15%. That way people are freed up to decide and buy what they need & can afford ...
Don't forget to make the government SMALLER, it is far too big and swallowing a lot of money in departments which give a small or tiny benefit for the lot.
The first thing that needs to happen is make fuel cheaper . 1 dollar a litre permanent for 5 years . That way people will be able to get around ,travel and work . Which in turn creates work and taxes . It will get the country at least moving again.
No. Please refrain from posting such comments. Any subsidy, perks, incentives are INFLATIONARY and we shouldn't even give dirty politicians such ideas. What needs to happen is a real estate bubble burst and change of government full stop.
@jvvoid where's the 50 million the government still owes on roads from the taxes already paid . . Also I'm sure the government can tax the super elets to cover it . I mean look how much Gina has spare to throw at what suits her interests. Millions and millions at various sports . Mostly women ones. Just proves she is not being taxed enough. And that's just one elete. Let the people get around to start with .
The gov has made this mess with kicking people of there boats and small homes and made them buy houses which adds to this problem, as well as bring 10 years worth a people into this country in 2 years, easy fix is to open up land in mass for owner builders like back in the day, caravan parks that take permanent residency like they had in wantina until they built houses there, but was a good stepping stone till you got into a house, which will bring down land values, next cost of living, let us use our own gas and coal for now till we build nuclear and then break up the giants so cost go down across the board.
@@jvvoid there's a country out there that has a power station running of rubbish that's clean and better then putting it in the ground, just look at cranbourne years ago, but yes our coal power stations are dirty compared to the new one's, and renewables cost a lot more if you factor in land cost like farming and food going up because no more land to farm on, and look at broken hill now for renewables.
@@paulie5037 Brokem Hill's problems have nothing to do with renewables. A storm on October 17 brought down seven supporting transmission towers. One of the city's two backup generators wasn't operating, and the other failed. It's so exhausting having to correct all the right-wing propagandists constantly throwing their anti-renewable BS everywhere. I don't know if you're one of them of just got your info from them, but why don't you find out the truth before thinking you know about something?? Why??
The only people prospering during period is the rich and politicians the rest of us are suffering their mismanagement. I go by a park in Logan where a few months ago there was maybe 10 tents and vans combined. Now there is about 50. Let that sink in.
In fact the biggest driver of inflation according to leading economists now wasn't the general population overspending but big business profiteering, Execs and CEO's getting ridiculous wages and golden handshakes even when they fail at improving a business. So he is definitely not in a position to give advice on what the rest of us should be doing!!
All the issues discussed in this video are caused by one thing. Government. We have seen the rise of the professional politician whose only interest is in gaining or keeping power. The continued appointment of bureaucrats to make decisions that should be made by the cabinet of the day and voted on publicly by parliament is a path all sides of politics have taken. The bureaucratic class have taken over the running of the country without any understanding of how normal people live. With the amount of virtue signalling, basic understanding of how economics works, short sighted policy formulation and a lack of willingness to accept facts rather than blindly following false narratives with statements that cannot possibly be true, this country needs people brave enough to speak out. We need less government intervention, less regulation, less involvement in all our lives and a willingness to make decisions that need to be made. We have a treasurer who claims Government spending doesn’t cause inflation and that pretty much tells you everything you need to know about our economic future
Immigrants do the low-paying jobs that locals won't. If wages have to rise to get locals to do it because there's no-one else, then either the business goes bust or we have demand driven inflation. Great work guys.
When I heard about this stupid deal that the Australian government had I just couldn't understand why any government in the world would do such thing ,I suppose they were only interested in Canberra not Australia or normal Australian like the Majority who are struggling to feed the family .Vote Pauline Hanson next election
Problems are because system of govt. 3 year terms max, PMs kicked out quickly, no long term strategy for the country it’s a joke. Companies that are successful are not run like how Australia is, they would have gone bust decades ago. It’s rotten to the core and set up to end in a mess, and it will get worse.
Decide what you want to be Auatralia. Do you want to be the new America in 100 years or do we just want to make a utopia country thats for the people. Cant do both
Tell the Chinese to stop interfering in Aussie politics, and buy more iron ore for steel for buildings they don't need. You're screwed mate! I am wary of anyone who frequently terminates their assertion with "Right." Im 71, and earning twice as much as a handyman for a property management company than I ever earned as a salaried accounting clerk, a Senior Corrections Officer or a Drug Investigator.
Terminate the Submarine deal definitely first. Create better opportunities for essential skills study for Medicine and other needed area’s. Back off from accepting everything the US demands. Actually follow through with political promises, and fund them so they live on past elections. Stop politicians getting jobs within their policy sector Finally, listen to experts on all sides of the debates on policy, rather than just accepting one which massages the political opinion.
or you could removed all forms of tax and put in a 1% transaction tax with no tax deductions tax advantage and laws changed to keep failed business men afloat
A lot of common sense what is good and now i am thinking why we have so many idiots in government doing exactly opposite . What is so badly wrong down under?
Negative gearing is only one way in tax law to minimise tax as a wage earner. Take that away and the property investor only has to run an ABN and submit a sole trader or partnership tax return and the same thing is achieved.
I'm glad you're learning, but I also figured out negative gearing isn't the problem. It was the reduced capital gains tax that fkd us. They are trying to pin it on negative gearing to send you on a side quest. Stay focused.
@@Clluthu I've never been able to figure out why negative gearing is pushing up house prices. The landlord only gets to claim the loss made on the investment property against their income tax of their wage in their main job. No different to how I claim my expenses of operating my farm against my gross income. No different to how a tradie claims his tools etc against his income to offset tax. Could someone please tell me how negative gearing disadvantages people. Labour governments use this argument to create hysteria in the low income/renter demographic and gain a few votes. If landlords couldn't claim the deduction rents would go up so that their property would be always profitable and then house prices would rise.
This guy again “the broken clock” guy. Literally no solutions except cut migration. Housing is closely correlated to the bond, share and other returns markets. So there is a equilibrium here at play that pretty much can’t be changed
Fixing the Australian housing market: The focus should be this: Aim to get back to the (average house price)/(average wage) multiple of 3 X. The stability of our society depends on it. people think a 50-75% crash in Australian property prices would be a bad thing. The truth is the disaster is happening NOW with the insane prices. The pain is happening NOW. The dislocation. The homelessness. Lives put on hold. The discrimination. Its all happening NOW. The solution IS to let house prices FALL. It is not the problem. The USA had a mini depression in 1920-21. And because the government stepped away from the market it was all over in 2 years, the market cleared and the economy took off again. it's the government intervention, like in the 30's that prolongs the pain. covid proved people are adaptable. stop immigration (make it net 0 - you would also lower Carbon emissions). ban foreign ownership of Australian housing. tax empty houses. Tax profits on the family home,abolish negative gearing. double capital gains tax back to 1999 levels, abolish builders boost, abolish family home guarantee (2% deposit!!!), abolish first home owners grant, relax zoning laws. its criminal what's being done to a whole raft of Australian society who are not being given the opportunity of gaining housing security. Another issue is that people aren't being taught economics or are not teaching themselves. Young people are blaming capitalism when we are not in a free market to begin with. After a mini depression where house prices collapsed by 50-75 % (to get back to the house price/average wage multiple of 3), the economy would blast off in a big way. Remember the housing market is MEANT TO BE A MARKET where BUYERS need to be satisfied as well. So with all the housing subsidies removed, the housing market will be a lot lower and the NATURAL CLEARING RATE will be met and overall the needs of the buyers and sellers will be in balance. Also going to net zero immigration would bring population policy in line with reducing C02 emissions. The overriding aim should be to get back to the average house price/average wage multiple of 3X.
Lumping in renewable energy as being the reason for cost of living issues is really disingenuous. Energy is charged to the consumer in line with the most expensive source of energy. (Gas) because of that, and because our energy infrastructure has been neglected for decades, we pay through the nose. Isn’t it weird that in the ACT where we have fully renewable energy supply we get our energy so much cheaper than everywhere else? Renewables are the cheapest per KWh, and they produce heaps of energy. More than we can use when they’re generating, and they normally produce the most in manufacturing and business hours. Most big businesses themselves invest in covering their buildings in solar alone because it’s a no brainer. The coal plants aren’t shutting because some green cabal is forcing them. They’re closing because they’re too expensive to fix and have been left to decay for decades. It’s an economic issue, not an ideological environmental issue like it’s been framed as so much the last few years. The bit where he’s right is that it’s insane we export our gas for pennies on the dollar and import our gas for domestic use. We should have our own gas on tap cheaply here. Completely agree on basically everything else, but you can’t just make a passing statement like that that’s so factually wrong and keep going.
Matt! we need you in a leadership role in our nation to help us all.
Matt! We need you to help your shareholders who invested in your company and lost 90% of their wealth 😂.
@@joelsaldanha6252 yeah I guess he should have just bought a house and sat on his hoop- nice and safe, lazy way to get Wealthy instead of actually creating a good or service. So he fell on his arse...so what? Better than 98% of us lazy Aussies
@ML6103 when someone is trying to preach the entire country on how to run its affairs, Goin on rant to blame migrants for every problem, spewing venom and hate and boasting on what he would do as a PM, the best yardstick is to measure is to assess how your own creation has performed coz results speak far louder than tall claims. It's very easy to go on podcasts, do a verbal diarrhoea and make radical claims to make headlines but difficult make wealth for his own shareholders. He maybe better than a lot of Aussies but when you're finger pointing every one, people will question your own credentials on running your own company. Also, how do you know he doesn't have a ton of properties, himself and has benefitted from the so called ponzi 😜. don't think he has declared that 🤔
@@joelsaldanha6252Questioning numbers is not spewing venom or hate, and his point is valid.
No Thanks. He is part of the problem as he benifited from it.
Can we please get this message to mainstream media 🙏
Saw this video because of Senator Gerard Rennick so you do have people listening Matt Barrie!
Yes a fabulous Senator that we must vote his party in worth his weight in gold.
@@privateAcc0unt 😂
@@privateAcc0unt his party sacked him so don't vote for his old party
@@grizzz6884 Nah it was the Brisbane City council that caused him to miss preselection.
We need to help push this message to more people.
Matt you are clever and will save Australia.
I have not once heard Albaneese or Dutton talk like this. I like his ideas and processes to achievement
That's because they only care about their own hip pocket.
Please make this man PM!! Finally a non-woke, common sense, smart plan! Thank you 🙏
every thing he said was created by government more government is not going to fix bad government because they are the left and right of the same government
The people in charge and the people with all the money just don't want to suffer, this is why they won't allow any of this painful reform, it hurts them more than it hurts the average aussie, they will fight tooth and nail, sacrificing us in the process, to avoid any of the pain they can.
We are led by cowards and liars.
And who's fault is that
It is time to think a plan B , which means escape to another country 😂
@@grantourismo0109oh you mean the countries with low wages and high corruption.
Nailed it
@grantourismo0109 revolution
As a migrant myself, I totally agree with Matt!
DEI is killing our skilled workforce. I worked for one of Australia’s biggest companies for many years. I was involved in selection of skilled Tradespeople and Apprentices. We HAD to recruit and onboard at least 80% female and meet 25% indigenous. The males who studied toward a trade could not get employed regardless of their capability nor potential. Of the females we employ, 90% are not interested and never use their trade skills after 4 years of study. If I didn’t meet the recruitment target, I was abused by HR and management, lose my annual bonus, and told I would be removed from the selection. Around 30% of the DEI candidates would not complete due to pregnancy, physically not able to do it the job, and not interested. Our Trades are dying quickly.
Agree, a family member even back in the early 2000's always wanted to be a lineman's, they probably call them "linesperson" now, anyway he was very passionate about this career choice, did a pre-voc electrical course always reading electrical standards books, costing him hundreds of dollars as those books ain't cheap. Applied for a linesman job, problem was the employer had an exemption from the anti discrimination commissioner to employ female candidates over males, to compensate for past discriminatory practices against females. He spent literally hours on the job application and practicing for interview questions. The interview never came, he gave up on this career choice, now works selling electrical gear at an electrical wholesaler, he is practically gifted, can fix literally anything, always tinkering, not saying there isn't any females as practically minded as he, but there wouldn't be many, yet they're getting the practical jobs, and he stands inside behind a counter.
@ I really feel sorry for this. There are SO many cases like the one you mentioned. I was even working in local schools and engineering college to gain interest in Mining, Engineering, and Trades. Mostly male attendees as the females are not interested. Even special female only events would get lukewarm warm interest in Engineering/Trade careers. These would all be about female empowerment with nothing for males. In the end the young males in schools knew what was happening and had resolved to never being an equal opportunity at jobs. It still eats at my soul….
God help us and thank God that someone is finally speaking out, and good on you sir thank you so much Matt Barrie l Just hope that people listen to this man why isn’t he Prime Minister
I have never heard of a more in tune person with the Australian economy the Matt. The guy should run for pm
Totally agree with this ,%100 correct.
simple put Australia first not USA
Becareful, if we don’t support the US, very quickly we will turn into Chinese property.
You sir should be PM. Most people with common-sense having being saying this for years. Problem is we got leaders and other influential people who are living very comfortably and have great jobs being to WOKE and have their heads buried in the sand due to their comfortable lives and agendas.
We are led by politicians with no vision whatsoever.
Their vision is winning the next election
Politians are are voted in by the general public who got no vision politicians are a reflection of the people its as simple as that
I agree with Matt on everything except the statement that America is strong. They are $35t in debt and growing, haven't won a war since WW2 and need us more than we need them.
Australia importing gas pretty much sums up the state of the Federal government 😂😂
Make Australia Great Again
It was never great.
I'll tell you when it went to shit. When Bob Hawk said work smarter not harder. Every kid needs to get a tertiary education.
Well guess what, now we have a generation with zero practical skills and an education debt they'll never be able to pay for. Not to mention a lot of those kids in the last 30 years had great aptitude
for trades and zero aptitude for academia. They are now on the bottom of the pecking order for jobs.
I think that's about 0.5% of sweet f/all of our problem. But I'm glad you've had a chance to rant.
@ML6103 well if you want to build a house and your university degree doesn't earn enough money to pay the trades its a big problem. If you need a plumber to do some maintenance on your house and the wait is months and the cost is ridiculous because of a shortage of trades and you have no practical skills because of your education its a big problem. If you can't get a house loan because you and your spouse both have huge education debts for a degree with limited job prospects its a big problem.
@@stevenstart8728 And none of that has anything to do with work smarter not harder.
I agree. Around that time (early 1980s) something happened that slowly accelerated to what we have today.
@@stevenstart8728 none of that has to do with what you've mentioned. I am actually very confused about how you've made the connections there and totally glossed over the myriad of other documented reasons why we're in the situation we're in.
Well Matt I'm glad you are pointing this all out (it's not that it's not apparent to all of us) what do you plan to do about it?
Amplify this argument!
So much gold in this podcast!
We have the world's largest iron ore deposits and exported 56% of the world's demands in 2023. So why are our public schools unfunded under staffed run down. We are also the world's largest exporters of natural gas, so why then is our public healthcare system being allowed to fail from lack of funds. We are the third largest exporters of coal. Why do we have a government housing shortage. We also produce on average 268,100.000 kg of gold per year from 1990 to 2023. Why do the governments keep selling public infrastructure. The ALP and LNP have been "deliberately incompetent" corrupt. A standing joke at a billionaire's only dinner party. The host needs only to say "Australia." Because we are a joke to the world. Ps. And don't forget all the other minerals. AUSTRALIA is one of the most mineral resource rich countries in the world !. There is no excuse that the government can make that can justify the level of poverty here in Australia.
I’d just sack everyone in labour ALBO Wong Gallagher shorten Burke the BIRK et al! Start charging the big companies taxes. We should be as rich as QATAR AND AS SUCCESSFUL AS SINGAPORE……BUT WE ARE STUCK WITH CAREER CORRUPT POLLIES
STOP NEGATIVE GEARING AFTER FIRST INVESTMENT PROPERTY…...
THIS MAN SPEAKS THE TRUTH. WAKE UP AUSTRALIA….
Mate I sat down with my kids and explained what's going on in Australia and even they worked it out how dumb the government is and sadly they are going to stuffer from the government's stupidity.
We could see so many red flags 2 years ago that we sold our possessions, gave up our rental and been on the road ever since. Can't imagine how ppl are coping in this cost of living crisis which has no end....but we are doing much better
✊ yes yes yes !!! 1200 large companies payed no tax last year ? ? Average man is struggling to keep the bloody lights on FFS.
This economist bro should be Aus prime minister. He makes total educated sense easily!.
Instead our Labour government is focusing on curtailing free speech with this misinformation disinformation bill, of which they are the greatest propagators.
Yes we have issues with immigration, however the major issue as I see it is the increased flow of capital into rent seeking investments and capital gains.
This form of investment is increasing the price of assets along with the overall cost of living and the outcome is a skyrocketing the wealth gap!
Money is being sucked out of the productive economy and out of the hands of wage earners. To the great determent of society in general.
Taxes targeting wealth need to increase, taking the pressure of wage earners and facilitating the flow of money more evenly throughout the real economy. This will most likely require greater levels of international cooperation to be truly effective.
The problem with fixing governement policy is that the next govt can undo this. Inwould not invest based on recent govt regulatory changes.
Allow new gas production with 25% local minimum use. Complete infrastructure projects under construction and have a 30 month break before new projects start. Reconfigure negative gearing to focus on new build accommodation with varying rates for rural, student, multi unit and disability construction.
Infrastructure can't handle the current population as it is, immigration net needs to be dropped from 500 thousand a year to zero a year.
I had a similar thought regarding resources. Pick a value, say 10% to start with - 10% of natural resources mined/extracted in Australia need to be consumed (at no charge) or alternatively processed locally. Force the big miners to value add to them here first before exporting.
In the case of NG for example - 10% needs to be used for processing other minerals here, or given up for free to local electricity generators for grid supply.
Same with solar - if you build a giant solar field, that’s awesome! 10% of all generation must be given for free to the local grid though. Just means they’ll need to overbuild their projects by 10%.
Have caveats for value adding locally though - stick and carrot approach.
Obviously a lot more to flesh out, but we want to prioritise doing more stuff locally here.
What about strengthening money laundering laws and increasing taxes on real estate property investors? This might help with house prices...
Increasing taxes on real estate investors ? Most investors are mum and dads who have one property. Have a look at what’s happened in Victoria. Investors are fleeing because of higher taxes so now you have sky high rents and not enough housing.
1 simple step.
Voluntary taxation!
Stop distorting free markets with government interference!
What is voluntary taxation if not the absence of taxation?
@@jonahtwhale1779 we do have lots of voluntary tax's.
Tax on things like,
Cigarettes
Alcohol
Speeding fines
Parking fines
These things also attract 10% GST
Consumer goods also attract GST.
Things like ,
Clothes
Shoes
Handbags
Electronics
Every time a consumer buys something they take their effecive income tax rate on those dollars spent up another 10%.
The list of what I would not change would be extremely limited.
I would start with writing a new constitution!
Can you lads upload in anything higher than 1080p? Love the work, keep it up.
Please run for politics Matt. Australia needs you.!!!!
Well said!!!
Socialists and money management are words that should not be mentioned in the same sentence.
Sell all public housing houses to private market start with 2770 and use the money to build apartments metres in the air like every other country does for public housing
I don’t understand why our government continues to line their pockets at the demise of the Australian people this will all crash in the future
Australia has a lot of oil which was capped back in the early 60s at BEACHPORT and surrounding areas my Boyfriend drove a recording truck he used to talk to my Dad about what they were doing in the surrounding areas. I’m now 79 years old
almost 80 and have never heard about any of the wells being uncapped.just maybe these could make Australia wealthy again???
Should be next Prime Minister !
Legend
I like all of his ideas & concepts. Here's a few more: make sure no one enters politics or working as a beaurocrat within 8 years of leaving school (including uni), cut politicians wages by 30% (the higher end of the scale) & ensure that people who work in essential services eg nurses/ambulance/teachers/fire offices & defence personelle etc can defend themselves when verbally villified (the good ones) because they are Not Allowed to right now.
This guy is good.
I would wipe out all the unnecessary spending Australia.
Where does everyone get off crying poor to me, when just last night I was witness to a total waste of time, money and resources with Halloween themes. The advertising, the costumes, the decorations, the trimmings, the treats , the extras.
It is not necessary.
I get irritated and "unfriendly" with these types of "events" because you can see all the money being wasted on it , yet the same demographics responsible for it , are the biggest complainers about the costs of living .
It is not Australian.
It is not character building .
And for all telling me to "mind my own business" ?
That is EXACTLY what I am doing by resisting it .
Minding, my business.
🙄🤨😑
Specially to First nation people...
Why are u yapping on about Halloween mate. Shut up man! It’s a a personal finance podcast. Stop whinging.
Halloween in Aus is just another cynical money grab by retailers, but you can't legislate against that and call it a "free" country, much as I'd love that to happen. Everyone gets off crying poor because the last person they look at for blame is themselves. A large number of people are doing it tough - feel for them - but there's a HUGE number of people that have ZERO financial discipline, and their lack of self-control is always someone else's fault, usually the govt.
@@Calphurnia966 well said. All that money spent on that event also attracts a 10 % GST. So the people who can least afford it have just volunteered another 10 % tax on top of their income tax.
You sweet sweet man. 💜 Validation backed up with another simple economic particular , that I hadn't pointed out and I hadn't pointed that out because of my own "seeing" of matters can be confined to the visuals being from social and cultural and spiritual impacts , prioritised in my responses ; hence neglectful to the : yeah it is that , BUT there is also this factor about it also , that pops in the jigsaw piece that completes the bigger picture so efficiently .
Totally validates and completes the point I was trying to stumble through .
I forgot to mention, that.
So will emphasise and support that very impertinent point you reliably upgraded my own reply with .
And you can add the GST onto all of that Halloween happening shopping list as well Australia because I forgot to mention it as I am the circus performer in our family , not the financial planner in my family .
So add the GST onto all of the aforementioned as well .
Thankyou Stephen . I trust that validates your contribution explicably . 😤💸☺️@@stevenstart8728
Please get this person into a senior political position. Libs, please engage him no matter what it costs. This video should be compulsory .
... The 1st thing *(1st)* ... That I, would do, is to DUMP ALL personal INCOME TAX-!!! Then, I'd RAISE the GST up 3%, cap and seal it at 15%. That way people are freed up to decide and buy what they need & can afford ...
We need manufacturing here. Use our own minerals. We are a country known to use our hands on work
We need someone who has half a brain relating to creating wealth for the average Aussie, not just our elite and Politicians.
Ty sir
We need to develop high tech industry
Don't forget to make the government SMALLER, it is far too big and swallowing a lot of money in departments which give a small or tiny benefit for the lot.
The first thing that needs to happen is make fuel cheaper . 1 dollar a litre permanent for 5 years . That way people will be able to get around ,travel and work . Which in turn creates work and taxes . It will get the country at least moving again.
And who's going to pay to cover the gap between your dollar fuel and the real cost of supply - tens of billions of dollars shortfall.
No. Please refrain from posting such comments. Any subsidy, perks, incentives are INFLATIONARY and we shouldn't even give dirty politicians such ideas.
What needs to happen is a real estate bubble burst and change of government full stop.
@jvvoid where's the 50 million the government still owes on roads from the taxes already paid . . Also I'm sure the government can tax the super elets to cover it . I mean look how much Gina has spare to throw at what suits her interests. Millions and millions at various sports . Mostly women ones. Just proves she is not being taxed enough. And that's just one elete. Let the people get around to start with .
@@paulbirtles2807 if they tax the rich, no problem.
The gov has made this mess with kicking people of there boats and small homes and made them buy houses which adds to this problem, as well as bring 10 years worth a people into this country in 2 years, easy fix is to open up land in mass for owner builders like back in the day, caravan parks that take permanent residency like they had in wantina until they built houses there, but was a good stepping stone till you got into a house, which will bring down land values, next cost of living, let us use our own gas and coal for now till we build nuclear and then break up the giants so cost go down across the board.
Coal power stations won't last til nuclear up and running. Renewables already powering around 40% of all energy, and it's much cheaper than nuclear.
@@jvvoid there's a country out there that has a power station running of rubbish that's clean and better then putting it in the ground, just look at cranbourne years ago, but yes our coal power stations are dirty compared to the new one's, and renewables cost a lot more if you factor in land cost like farming and food going up because no more land to farm on, and look at broken hill now for renewables.
@@paulie5037 Brokem Hill's problems have nothing to do with renewables. A storm on October 17 brought down seven supporting transmission towers. One of the city's two backup generators wasn't operating, and the other failed. It's so exhausting having to correct all the right-wing propagandists constantly throwing their anti-renewable BS everywhere. I don't know if you're one of them of just got your info from them, but why don't you find out the truth before thinking you know about something?? Why??
WHY ISN'T THIS MAN RUNNING OUR COUNTRY. PLEASE MATT RUN FOR PARLIMENT.
The only people prospering during period is the rich and politicians the rest of us are suffering their mismanagement. I go by a park in Logan where a few months ago there was maybe 10 tents and vans combined. Now there is about 50. Let that sink in.
We need a new system
In fact the biggest driver of inflation according to leading economists now wasn't the general population overspending but big business profiteering, Execs and CEO's getting ridiculous wages and golden handshakes even when they fail at improving a business. So he is definitely not in a position to give advice on what the rest of us should be doing!!
Every Unsuccessful person I know believes the game is rigged.
Every Successful person knows the game is rigged and learns how to play it.
You have my vote, but the corporations than run our country won't let you spoil their tyrannical system.
So nuclear + coal -> cheap energy -> manufacturing -> functional economy again where kids can get jobs making things. I'd vote for it.
All the issues discussed in this video are caused by one thing. Government. We have seen the rise of the professional politician whose only interest is in gaining or keeping power. The continued appointment of bureaucrats to make decisions that should be made by the cabinet of the day and voted on publicly by parliament is a path all sides of politics have taken. The bureaucratic class have taken over the running of the country without any understanding of how normal people live. With the amount of virtue signalling, basic understanding of how economics works, short sighted policy formulation and a lack of willingness to accept facts rather than blindly following false narratives with statements that cannot possibly be true, this country needs people brave enough to speak out. We need less government intervention, less regulation, less involvement in all our lives and a willingness to make decisions that need to be made. We have a treasurer who claims Government spending doesn’t cause inflation and that pretty much tells you everything you need to know about our economic future
Australia’s economy: everyone selling and buying the same realestate to each other only more expensive as time goes on. Banana republic.
Abolish state govt for a start we dont need em
You can't make strawberry jam out of pig shit.
More manufacturing with less migrant workers just means more expensive products than imports that won't sell. Sounds like a disastrous plan.
Immigrants do the low-paying jobs that locals won't. If wages have to rise to get locals to do it because there's no-one else, then either the business goes bust or we have demand driven inflation. Great work guys.
Locals would work for less if less earnt you the ability to live above the pvety lime buy a house
+50000000% on manufacturing
When I heard about this stupid deal that the Australian government had I just couldn't understand why any government in the world would do such thing ,I suppose they were only interested in Canberra not Australia or normal Australian like the Majority who are struggling to feed the family .Vote Pauline Hanson next election
Ive been a shearer for 40 years and was better off as a learner in 87 financially than i am today .Our country is stuck in facism and communism state.
Please be our PM
Problems are because system of govt. 3 year terms max, PMs kicked out quickly, no long term strategy for the country it’s a joke. Companies that are successful are not run like how Australia is, they would have gone bust decades ago. It’s rotten to the core and set up to end in a mess, and it will get worse.
Decide what you want to be Auatralia. Do you want to be the new America in 100 years or do we just want to make a utopia country thats for the people. Cant do both
Going to take a lot less than 100 years. Give it ten
@BigDog69691 aussies too arrogant and lazy lol.
America has done everything to stagnate but they are so far ahead.
THIS IS NOT AMERICA!!!!!!!
AUSTRALIA IS ITS OWN. A NEW PLACE ON AN ANCIENT CONTINENT.
@@BigDog69691
I would say Now
Not 10 years
It happening Now
It started with PINE GAP
Tell the Chinese to stop interfering in Aussie politics, and buy more iron ore for steel for buildings they don't need. You're screwed mate!
I am wary of anyone who frequently terminates their assertion with "Right."
Im 71, and earning twice as much as a handyman for a property management company than I ever earned as a salaried accounting clerk, a Senior Corrections Officer or a Drug Investigator.
Yoga instructors doing low paid work eventually not yoga
call the politicians to repent
Matt Barrie you could walk the talk by fixing the wealth erosion that has occurred in yr long term shareholders mate...
Relocate retired and unemployed to regional where no jobs anyway for public housing tenants
💯🔥🔥🔥🔥
Double capital gains tax on housing
Free the Australian housing market of tax breaks and subsidies make housing a free market
Exactly manufacturing governments his hopeless
Terminate the Submarine deal definitely first.
Create better opportunities for essential skills study for Medicine and other needed area’s.
Back off from accepting everything the US demands.
Actually follow through with political promises, and fund them so they live on past elections.
Stop politicians getting jobs within their policy sector
Finally, listen to experts on all sides of the debates on policy, rather than just accepting one which massages the political opinion.
or you could removed all forms of tax and put in a 1% transaction tax with no tax deductions tax advantage and laws changed to keep failed business men afloat
A lot of common sense what is good and now i am thinking why we have so many idiots in government doing exactly opposite . What is so badly wrong down under?
There is also half million on centrelink long termly😂 they not contributing
No more Chinese investors here. We cannot but in China!
yoga instructors are no longer on the list but there are plenty of other useless occupations that are
So when is this bloke going to be prime minister?
Send all the refugees back for a start
blame everything but negative gearing.
Negative gearing is only one way in tax law to minimise tax as a wage earner. Take that away and the property investor only has to run an ABN and submit a sole trader or partnership tax return and the same thing is achieved.
I'm glad you're learning, but I also figured out negative gearing isn't the problem. It was the reduced capital gains tax that fkd us.
They are trying to pin it on negative gearing to send you on a side quest.
Stay focused.
@@keymoesahbee4311 They're both the main culprits, along with lack of supply.
@@stevenstart8728 No worries, close that loophole as well then. Easy.
@@Clluthu I've never been able to figure out why negative gearing is pushing up house prices.
The landlord only gets to claim the loss made on the investment property against their income tax of their wage in their main job.
No different to how I claim my expenses of operating my farm against my gross income.
No different to how a tradie claims his tools etc against his income to offset tax.
Could someone please tell me how negative gearing disadvantages people.
Labour governments use this argument to create hysteria in the low income/renter demographic and gain a few votes.
If landlords couldn't claim the deduction rents would go up so that their property would be always profitable and then house prices would rise.
This guy again “the broken clock” guy. Literally no solutions except cut migration. Housing is closely correlated to the bond, share and other returns markets. So there is a equilibrium here at play that pretty much can’t be changed
Australia no need prime Minister.like pope frenece said we don't need jisu
Fixing the Australian housing market: The focus should be this: Aim to get back to the (average house price)/(average wage) multiple of 3 X. The stability of our society depends on it. people think a 50-75% crash in Australian property prices would be a bad thing. The truth is the disaster is happening NOW with the insane prices. The pain is happening NOW. The dislocation. The homelessness. Lives put on hold. The discrimination. Its all happening NOW. The solution IS to let house prices FALL. It is not the problem. The USA had a mini depression in 1920-21. And because the government stepped away from the market it was all over in 2 years, the market cleared and the economy took off again. it's the government intervention, like in the 30's that prolongs the pain. covid proved people are adaptable. stop immigration (make it net 0 - you would also lower Carbon emissions). ban foreign ownership of Australian housing. tax empty houses. Tax profits on the family home,abolish negative gearing. double capital gains tax back to 1999 levels, abolish builders boost, abolish family home guarantee (2% deposit!!!), abolish first home owners grant, relax zoning laws. its criminal what's being done to a whole raft of Australian society who are not being given the opportunity of gaining housing security. Another issue is that people aren't being taught economics or are not teaching themselves. Young people are blaming capitalism when we are not in a free market to begin with. After a mini depression where house prices collapsed by 50-75 % (to get back to the house price/average wage multiple of 3), the economy would blast off in a big way. Remember the housing market is MEANT TO BE A MARKET where BUYERS need to be satisfied as well. So with all the housing subsidies removed, the housing market will be a lot lower and the NATURAL CLEARING RATE will be met and overall the needs of the buyers and sellers will be in balance. Also going to net zero immigration would bring population policy in line with reducing C02 emissions. The overriding aim should be to get back to the average house price/average wage multiple of 3X.
This is devastating to watch .
Every labor politician should wTch this and see what you are doing to Aussies shame on all of you socialists
Lumping in renewable energy as being the reason for cost of living issues is really disingenuous.
Energy is charged to the consumer in line with the most expensive source of energy. (Gas) because of that, and because our energy infrastructure has been neglected for decades, we pay through the nose.
Isn’t it weird that in the ACT where we have fully renewable energy supply we get our energy so much cheaper than everywhere else?
Renewables are the cheapest per KWh, and they produce heaps of energy. More than we can use when they’re generating, and they normally produce the most in manufacturing and business hours. Most big businesses themselves invest in covering their buildings in solar alone because it’s a no brainer. The coal plants aren’t shutting because some green cabal is forcing them. They’re closing because they’re too expensive to fix and have been left to decay for decades. It’s an economic issue, not an ideological environmental issue like it’s been framed as so much the last few years.
The bit where he’s right is that it’s insane we export our gas for pennies on the dollar and import our gas for domestic use. We should have our own gas on tap cheaply here.
Completely agree on basically everything else, but you can’t just make a passing statement like that that’s so factually wrong and keep going.
It's infuriating