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Showing content with the highest reputation on 28/10/26 in all areas
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Why don't you spend time convincing us just how bad he has been for Australians. The inflation you have at the moment is largely globally driven and Australia, which is heavily dependent on imports of fuel thanks to decisions made way back in the Howard era where Japan and China buys gas off us at knock down prices and on-sells for the profits. This denies Australians accessing their own resources at what should be these knock down prices, but also results is massively lost profits locally as a result and also increased input costs as we have to buy our energy at global rates. Sadly, your issue at the moment should be with Chump. The CGT reform - yep can be argued as a bit overboard for some asset classes and it will depend on where you sit in terms of the housing market. If you are a house owner in the cities, yep you are probably spitting a bit as the prices return to a more natural normal rather than the artificially high prices resulting from a disproportionate incentive to invest (and create unnatural demand) in an investment asset class because it was treated more favourable from a tax perspective than other asset classes. However, longer term, the prices will stabilise and those who recently purchased or use leverage to fund investment will be back in the black. But at the same time, it makes housing affordable for people.. who need housing.. Also, as I said unless you owe money on your house wyere you have seen your equity fall a bit, or you are using it as leverage, it will make no real difference as the price relative to other properties will be in synch... Pursuing net 0 is absolutely the right policy for both longer term energy security and a simple fact - it will be over the same amortisation period as fossils, be a lot cheaper. So, for the future of the country, this is vital and people who are wedded for short term pricing are just kicking the can down the road. And that is before the environmental costs kick in. There is only one developed and not too many major emerging markets that aren't pursuing renewables as a, if not the major source of generation. Yes, China is building fossil plants still; its demeand is insatiable, but its is building renewables at a much bigger rate. I am not sure where this sits, but at least a policy promise of the Albo government is to buy Australian. i.e. use public money to channel into Australian rather than foreign interests. As I said, I am not sure where it is. In the fuel crisis, Albos was far quicker than most other nations to reduce tax to reduce the burden on the consumer; many countries (such as the UK) didn't do that at all. If you compare the above to the previous conservative government (and I did a fuller analysis somewhere else), then largely Australia is better off than pursuing the LNP policies, and good luck to you if you think PHON's policies are going to result in an economic nirvana. There are some things that Albo needs to get a grip on.. definitely: Sovereign debit has increased past $1TN. Australia still retains it's AAA+ status with all major agencies, but this is something that needs to be reigned in. The Gas Excise should be applied. Look at Norway and Qatar to understand why. AUKUS is a joke - we could use that same amount to build a locally owned and controlled defence industry pumping out weapons that would really be of use to us. The Fair Work Act, I think is overly onerouos - not so much on the pay and conditions, but all of the other obligations it imposes. There was a case where an award was won under the fair work act because, as I recall, the employer didn't take appropriate steps to protect an employee from domestic abuse... I have to look it up, but it was along those lines. That is, to me anyway, clearly beyond the responsibility of the employer (maybe with some narrow exceptions). AI is coming and it is going to bite faster than people realise. Provision and structural changes are needed to insulate Australia from the worst. I am sure I have missed from both sides of the argument. Labor could do a lot better, but if we had LNP or PHON, they would also need to do a lot better if they implemented what they said they would... and they would have to do a lot more to even catch up to Labor. I am not a "socialist" by any any stretch of the word except one... I do think that people have to work for the economy, but the economy also has to work for the people. And I do believe in a fair reward for risk..Capitalism so far has the most effective allocation of resources. Of course, the fully competitive market can only ever be a theory, and I think you are mixing up true socialism with ensuring fairness in the markets. The disproportionate rewards compared to the risks taken especially at the multinational or large corporate level is currently obscene.2 points
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How could anyone say he is a good prime Minister. He has no interest in helping Australians . I have to stop before I get in trouble again. Too many left wing socialists here.2 points
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I actually did touch CGT, and implied in it was the negative gearing (as it is part of a tax package that was disproportionately creating demand in an asset class against all other asset classes considered for investment). I suggest you read my post. I am prepared to stand behind what I say and provide references accordingly when required (which I am sure other forumites sometimes loathe the extents I will go to). It equalises treatment of one investment asset class.. and guess what. although the fundamentals would still include investment residential property in a portfolio for stability and growth, people (investors) are going knee jerk. And also, unlike other investment classes, residential property is for people to live in and build some security, The way it was being treated through preferential tax treatment was to artifically inflate the price denying millions of Aussies who aren't as cash rich as others a chance of financial security. A lot of young (and increasingly older) can't rely on the bank of mum and dad. To me, it is a positive step forward and it is not socialist. In fact the regime was in effect wealth socialism - artificially funnelling asset (or redistributing) to the more wealthy and already secure in society using tax incentives to inflate demand. You;re against socialism, but in a perverted way, it is redistributing the wealth - which is what socialism is about. It took a lot of balls to do the right thing as the backlash was always going to be huge. That to me, is the definition of leadership and one of the reasons why Albo has earned my respect as a leader. I still think he can do a lot better, but compared to the competition and many of his predecessors of both colours, he is not doing bad.1 point
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You are very selective. We are doing pretty well compared with any country Still AAA rated economy. Tell me where you'd rather be living. The facts are there if you cared to reference them, but they would spoil your take on it. We are not even sure the Libs will survive. They don't exactly speak with any united voice. Nev1 point
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You are the one who is making the statement. Would you look it up if I claimed that it was true that the Moon was made of green cheese? Remember, it is a custom of this forum that those who make claims of fact be prepared to openly provide references to the source of those facts.1 point
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I love old industrial machinery. Today I picked up this old J.S. Richardson drill on marketplace and couldn't resist it for $50. There's way more value than that in the steel, electric motor and other components. Good old drills, made in Sydney in the days when we manufactured stuff and employed Australians. At some stage in it's career it's been converted from a pedestal drill to a wall mount. I already have a big industrial grade pedestal drill, so my first thought with this is to mount it like the second photo I've edited with a flip-around and a cutout. In other words, use the wall mounting plate as a base stand and do a bit of sideways stuff with it. I'll have a good look in the morning and check how that will fit with the gearbox oil level/ fill and drain plugs etc. in that orientation.1 point
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If you mean people who like facts not lies, your right. Us "lefties" don't respect people who make shit up to try push their opinion.1 point
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That's a tricky one. Often the leader of a party gets the job because he or she is the best performer on the floor of Parliament. That ability can sometimes also make them the best to sell their stuff to the media. Some ministers are ok at their jobs but are prone to embarrassing gaffs in front of the media so they get sidelined/insulated/firewalled, pick whichever term suits. Often the PM is left with the job of dealing with the media. At least they have their mandatory flanking noddies to keep them company. It puts a big workload on a PM, particularly if those under him/her are bigger idiots than he/she is. It's probably a fine line between overworking the PM and delegating too much freedom to ministers. You see the worst effect of the latter in some developing countries with the amount of corruption that free hand can result in.1 point
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Many of the adopted children have gaps in their history as they grow older. Did they love me? Why was I given away? Was I not wanted? What happened to my birth parents? Were they married? Was I the result of a one-night stand? Are they still alive? Did I have any siblings or half-siblings? It's very hard for someone to discover that their parents were married and they had older and younger siblings. Why would parents give away a middle child? The reasons for giving up a child are many. The mother may only have been 15 or 16 and too young to care for a child. Casual relationships that broke up, with no support for the child. Strict parents not wanting the shame. Religious attitudes to unmarried mothers. Mixed races or religions (Catholic and Protestant in Ireland). Relationships with foreign servicemen reposted to their home country. Even for married couples, if the father is out of work or in prison. And the list goes on. Another consideration is genetic disorders passed from generation to generation. There was a couple who had to surrender their child because they couldn't afford to feed themselves, let alone a baby. They stayed married for a couple of years, then divorced. The father suffered a heart condition and then discovered it was a genetic disorder. The race was on to locate the son. The parents searched together, through the program, and located the son. He was tested and found he had the disorder. He was only months away from a heart attack, but was treated in time and saved. Mothers forced to give up their child `through parental pressure, social stigma or economic circumstances pine for their lost child for the rest of their lives, wanting to know if they had a good life, loving adoptive parents, and have made good as they grew up.1 point
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No such thing as an illegitimate child. They are Legit. The problem is related to the Parents situation.. It's the fault of the Church Wowsers and holier that thou, types. Nev1 point
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Albo has been trying to censor the media and social media for a long time. Even paying large sums of our money to tv networks.0 points
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