nomadpete

Globalisation works in mysterious ways.

I am helping my mother-in-law into a nursing home. We are struggling to rearrange her "wealth" to provide aged care (dementia) in a manner that the funds from sale of her home will last her life out. And that is with the present CGT rules. I object to people blaming the oldies for the present housing crisis. When an average person has struggled to pay off a home with tax paid worker's income why do they have to pay tax on the sale of the home? It may look like a profit but it isn't enough to buy an equivalent home at today's prices. So there is no real 'profit'. Even though the numbers of the cheque are massively bigger. As for redistributing this ficticious wealth, my mother-in-law's estate won't pass on enough for any of the younger generation to even put a deposit on their home. The bank of mum and dad (in this case of grandma), is empty. However, owners of multiple properties are investors, and should pay tax on those financial gains.

Same cynical comment from my late dad. He was on the big guns around there. He said the American warships arrived, pounded the island with heavy fire from a safe distance until there wasn't a palm tree standing, then ping off and send the Aussies in to "mop up". Then the Japanese would come out and the real combat started.

But only when he holds all the cards

I am concerned about losing the CGT relief for primary home owners.

Fine. A nice step, but only a little step. When do you think they will address the big players who offshore their profits to avoid tax? A few billion recovered there would help Australia's bottom line.

Firstly, TDS is certainly a thing to worry about. Observing the derangement of trump should be a warning to us all. Yeah I do know the intended meaning of TDS.... but the yanks were seldom good at irony. It would be clearer if they put the apostrophy after the middle word, but the yanks don't do proper grammar either. The positive side of watching 'Good Ole USA' going down it's own self made gurgler, is that we have the option of learning from it. The lesson goes way beyond "Don't put a raving nutcase in charge of the place!". Our leaders SHOULD be taking notes on how badly certain policies can turn out. Are they watching the cause and effect of eash fiasco in the american clown show? It should make it easier for our political observers to work out smarter ways to run our own country. Sadly (In my opinion) we are following too closely behind USA instead of steering clear of the biggest sinhle cause of government erosion. The rise of the oligarcs - the ones with obscene wealth. The ones who can and do buy and sell just about every politicion and policy with their small change. The ones who fund 'Super Pacs' etc. The politicians (not just their party leaders) do not sing to the tune of the majority of the populace. There is no point in saying 'Oh but there are some pollies with ethics', unless the majority have ethics, the political system is owned by the big players. So, my challenge to you is this..... what would you propose to change this ? Cos I have no effin idea.

That's a bit rude, Nev. I take that personally. Are you suggesting my fuel habits are part of this problem? First, I am not a Queenslander, and when I was I wouldn't deem The Courier Mail as worthy to wrap my kitchen waste. As for the information being all 'out there'. Well, a week back the Guardian did an article which covered the nonspecific government plans. Four levels but few real details. However the official line was:- "Australia now has 39 days’ worth of petrol, 30 days’ worth of diesel; and 30 days’ worth of jet fuel." So we have not used any of our reserves. And deliveries were normal. Nothing to worry about. There are numerous websites that claim to track 'dry' servos. The ones I looked at, the totals did not diferentiate between 'reported possible dry' and 'confirmed dry'. I cannot see any historic lists of how many servos are normally temporarily out of gas. Logically, in normal times it is not unusual to see a brief shortage. And such numbers would defuse the concern about the current numbers. The fact that I am keeping my car tank more toward the F mark, cannot increase my weekly consumption. My jerry cans will be empty again within a fortnight or so, and meantime I'm not wasting more fuel driving into town to buy mower or tractor fuel every time I start a machine up.

I started looking at EV's before the Iran war. Back then, there was a one or two month wait for delivery. Now when I go into a dealership I am confronted by frustrated salespersons who open the conversation with immediate apologies for the long lead time to fill an order. The humble Nissan leaf is old but still popular. But no use to us. We need either rear wheel drive or AWD for our driveway.

I really don't think that there is all that much hoarding. I confess I have been keeping both vehicles, and tractor near full since the start of Trump Iran war. I also filled a couple of jerry cans with diesel and ULP to keep my machines going - as I had lazily let them run down. I expect anyone on small acreage, with machines would have such "fuel hoards". But it quickly averages out over a short time. Maybe farmers might rush through an order to top up their 1000 litre supply (I understand why), but that still averages out as their seasonal consumption isn't changing. In short, I think there are signs that our theoretical one month of reserves are not being managed very well.

No, I don't see any FAR left party in Australia.

I'm surprised that there are any running out. Sure it's not a big %. Come to think of it, nobody mentioned how many servos run out whilst waiting for deliveries normally. That would put it in perspevtive. In country areas there is currently lower demand than normal, as OME points out. The autumn grey nomad migration usually starts about now but many are cancelling their trip. Even urban traffic is noticably down. So demand is down. But this is not going to be short term. Don't try to buy an EV. The waiting lists at present are 6 months.

Where did that idea come from? Australia hasn't seen even mildly Left Parties since the Australian Communist Party faded out.

Anyone who has done an outlanding would be aware that what looks great from the air, seldom is. Having said that, i agree there are multiple possibilities.

None of this was caused by Trump policy. That was our own conservatives's efforts. Anyways, just for light relief take a look at some proof of how the mind of the *resident of the (dis)United States works, from his public comments.... I'll leave it to our studious fact checkers to verify how much of the above came frome Trumpy's own Twitter account. I don't do twitters.