Half of Australia's luck was being a mantelpiece trophy for the British Royal family, with most states named in their honour. With the setting of the British sun, Australia aligned itself with the US pole and suddenly started doing inexplicably self destructive things like demolishing relations with its biggest trading partner, giving away it's resources for free to Japan and miring it's population into ballooning mortgage debt.
Exactly this, the Pom's poured money into building this place (they took their shilling in interest mind) and we built an egalitarian society based on it. Since we've been shorn off the Empire we've sort of floated into being America lite. I don't know if the decline can be arrested at this stage.
The NDIS has become a disaster - I’ve heard so many wroughting stories from folks in the dog park - Maybe I should get an ADHD diagnosis so I can get someone to clean my house and gernie my driveway on NDIS. Or a podiatrist claim on the NDIS is $400, where pre-NDIS it was $100. What a disaster.
I saw a old lady who was at McDonald's with her career and 2 government paid people helping her while the paid career was on his phone playing a game. Then they took her to a taxi cab that was paid for by the government . So in other words we paid 5 people on tax money go to McDonald's. ??? Is this acceptable for all of us as tax payers?
That happened the moment we let albo in power with 33% and Will get the Same from LIBS and green's vote one nation and don't let them tell you they only got 7% 😅
I have an idea. Australia could keep the same governmental system with one simple change, do the _exact opposite_ to every decision they come up with. We would be in a _far_ better position both now and moving forward.
@@berniestar1490 there’s a 33% discount for capital gains, which is accounting for inflation somewhat but still probably taxing inflation on most super accounts. High income earners pay 30% contributions tax instead of 15%, and there’s a max super amount of $30k this financial year. So it’s not like high income earners are getting 12% when it maxes at $30k. Most of today’s 15 year olds will have $3m in their super when they’re 65 (low cost fund that has options to invest in index funds and SP500 makes up 50% at least). Income from super of $3m value gets taxed at 30% now. The government dangled the ‘top 1%’ line. They don’t seem to understand compound growth. Or maybe they do. But it means most young Australians will be paying up to 30% progressive tax on the income based on the value of the super fund, not the income. They tax less on income with bracket adjustments but tax more on the way out in retirement.
Energy is now too expensive (due to the net zero war on fossil fuels ) , to make it economically viable...manufacturers are moving to the USA where energy is one third to one half the cost of what it is here.
Leith the stock market is red hot, hitting new highs when everyone is screaming poor. What is going on? You think the big boys are getting ready to pull the rug out?
@ something has to happen. We’ve never been so broke, 1000’s of businesses closing down, yet the ASX approaching 8500. It was 4000ish during the GFC, and I don’t remember people doing it this tough back then.
Their cashflow has increased proportionately (industrial Aussie shares, and Macquarie bank) due to inflation. So their prices are largely in line. Aussie market is banking and mining that drive ASX though.
Our political class have sold us Aussies out.
I actually think that they’re incompetent. Implying sell out suggests they are smarter than they perhaps are
@@NoRegertsHerea bit of column a, a bit of column b.
The golden elevator rides are certainly not a accident 😏
@ valid
Australia is run by a cartel. Sucking this country dry
Half of Australia's luck was being a mantelpiece trophy for the British Royal family, with most states named in their honour. With the setting of the British sun, Australia aligned itself with the US pole and suddenly started doing inexplicably self destructive things like demolishing relations with its biggest trading partner, giving away it's resources for free to Japan and miring it's population into ballooning mortgage debt.
Exactly this, the Pom's poured money into building this place (they took their shilling in interest mind) and we built an egalitarian society based on it. Since we've been shorn off the Empire we've sort of floated into being America lite. I don't know if the decline can be arrested at this stage.
@algardaus good point, they tried to build a society. We are just a taxable minesite now
Your a legend Leith, thankyou for your consistent messaging.
Chalmers is a fraud
The NDIS has become a disaster - I’ve heard so many wroughting stories from folks in the dog park - Maybe I should get an ADHD diagnosis so I can get someone to clean my house and gernie my driveway on NDIS. Or a podiatrist claim on the NDIS is $400, where pre-NDIS it was $100. What a disaster.
I saw a old lady who was at McDonald's with her career and 2 government paid people helping her while the paid career was on his phone playing a game.
Then they took her to a taxi cab that was paid for by the government . So in other words we paid 5 people on tax money go to McDonald's. ???
Is this acceptable for all of us as tax payers?
Thanks,LvO. Heaven forbid the UniParty will drastically cut immigration & tax the resource multinationals properly! The future looks grim.
Claiming to be an economic hero by over taxing the population is a bit like Claiming to be a good businessman by robbing a bank.
That happened the moment we let albo in power with 33% and Will get the Same from LIBS and green's vote one nation and don't let them tell you they only got 7% 😅
Australia has been screwed since the 70's , thanks Gough .
House boom at record prices, Government made a lot of Money off stamp duty taxes
I have an idea. Australia could keep the same governmental system with one simple change, do the _exact opposite_ to every decision they come up with. We would be in a _far_ better position both now and moving forward.
Labor use Smoke and mirrors to talk up their economic management
They are doing what the Democrats did in the US and will suffer the same fate.
@@kathyjova98
🤞🏻🤞🏻
They’re also going for higher tax on super
Super has been chewed up by inflation and the fact that you are taxed with no account for inflation on any earnings.
@@berniestar1490 there’s a 33% discount for capital gains, which is accounting for inflation somewhat but still probably taxing inflation on most super accounts.
High income earners pay 30% contributions tax instead of 15%, and there’s a max super amount of $30k this financial year. So it’s not like high income earners are getting 12% when it maxes at $30k.
Most of today’s 15 year olds will have $3m in their super when they’re 65 (low cost fund that has options to invest in index funds and SP500 makes up 50% at least). Income from super of $3m value gets taxed at 30% now. The government dangled the ‘top 1%’ line. They don’t seem to understand compound growth. Or maybe they do. But it means most young Australians will be paying up to 30% progressive tax on the income based on the value of the super fund, not the income.
They tax less on income with bracket adjustments but tax more on the way out in retirement.
We need to start to move back into manufacturing products of value and sell them. Rather than relying on mining and excess immigration.
Energy is now too expensive (due to the net zero war on fossil fuels ) , to make it economically viable...manufacturers are moving to the USA where energy is one third to one half the cost of what it is here.
Gravy Train 101 ,
ask Paul K
thanks leith learning a lot but yeah it's looking dire
Just put GST up to 40 % so corporations don't need to pay tax.
Don't give away the good ideas
Dissolve the RBA and you won’t need to tax the people
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Leith the stock market is red hot, hitting new highs when everyone is screaming poor. What is going on? You think the big boys are getting ready to pull the rug out?
Crash inevitable, timed to do maximum damage to Trump my guess April- June 25
@ something has to happen. We’ve never been so broke, 1000’s of businesses closing down, yet the ASX approaching 8500.
It was 4000ish during the GFC, and I don’t remember people doing it this tough back then.
Their cashflow has increased proportionately (industrial Aussie shares, and Macquarie bank) due to inflation. So their prices are largely in line.
Aussie market is banking and mining that drive ASX though.
Yet cash positive with no debt company share prices are going to zero. WTF is going on?