- Oct 30, 2010
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History says you're wrong
what a load of crap.
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History says you're wrong
Ever think that business/consumer confidence would go through the floor and that revenue would actually decrease?
what a load of crap.
So you're assuming that, in general, employers will continue to invest, pay higher salaries & benefits and employ more people despite being slugged more in tax
History says you're wrong
but we did having paid off our last generation of labor's debt and even had a surplus of $120b and and education fund of $10b. evidencing we can save with a bit of discipline. unfortunately we then went on to spend $360b more than we have earned.
Really?
Why would revenue increase?
Ever think that business/consumer confidence would go through the floor and that revenue would actually decrease?
Really?
Increasing taxes simply decreases the size of the pie UNLESS the economy is growing at a fast enough rate to absorb it
Look out the front window, it ain't good out there
Governments have made the same mistake over and over and over again
Why would revenue increase?
Ever think that business/consumer confidence would go through the floor and that revenue would actually decrease?
I employ 98 people
If you were one of them and asked me for a salary hike after a tax increase then there would have to be a bloody good reason for it or else it would be a case of share my pain
I had an alarming discussion yesterday regarding the health of China. All sorts of numbers were raised particularly in regards to government officials and fraud.
Even more alarming is the fact that any spare capital the Chinese Industrialists and start ups have is going to foriegn nations. In that they are buying up Africa and soon to be Australia probably. Makes sense really why keep buying commodities and the raw materials to be imported for manufacture when a bunch of idiots want to give them away at bargain rates so they control the process from go to wooo. (How long before guards <troops are stationed to protect their assets>)? So in essence without a land tax/some form of proper fee and a total loss of ownership Australia will be at best case some giant shopping centre/foreign playground for the wealthy (hope te kids like hospitality work) or worse case end up some washed up once glorious resource rich nation that goes arse up.
Can't really speak as to the domestic situation in China except a lot depends on their exchange rate. If that were to drop substantially that could damage their exports (correct? some would know more then me) which is bad news all round for those they are exporting to as they rely on selling at a mark up. So Australia would lose demand for resources and the profit margin at the end=we'd be fuc*&ed.
Internally it is one thing to grow a middle class but I do wonder how sustainable their model is? They are forward planners thou unlike Australia who just sort of lurch lately from one trend to another.
As per above the last paragraph refers to thae fact that their economic model predominantly relied on state based infrastructure projects to create jobs and build a middle class. This was predominantly funded by buying in minerals having a few sweat shop workers and selling them back when they came. To do this however you need eventually to create demand/innovate for yourself. You can't just afford to underwrite everyone elses labour.
However the Chinese know what they are doing I believe and are playing a long game. Sure it's not ideal to have sweat shops but those people work for $2 a day or starve and it is at least something that goes somewhere when they have a low PPP). What profits they started with they will invest in foreign assets and control the process from the get go and essentially own the world and dominate.
Failing that as @PowerRaid puts it above they have a surplus male population who no doubt frustrated by poverty and lack of opportunity will be nice and geed up for the fight if they go the German approach. Domestic unrest tends to mean the fascists take over.
Australia meanwhile stupidly allows itself to be a leg up for others and assumes others intentions are pure and they won't look after no. 1 if the sh(* hits the fan. So while things escalate we are off in the middle east, too scared to nuke up and take charge.
Yep, certainly interesting times
I predict small wars and skirmishes like the cold war. My punt is China will smash some middle eastern nation with oil, have a shot at the Philippines (without success) and an african nation over copper.
Longer term, I am very positive we will live in a better world as we have done century after century.
Resource wars indeed. Don't think Australia will be completely out of t either. On both sides of the ledger.
we rarely are.
we have been at war, or conflict, more years than not since the birth of our nation.
Yes we know who to thank for that.
Our peace loving leaders have almost salivated at the opportunity to have young Australians killed. It gives our leaders the chance to tell the public how important war is. 'King & Country,' the 'Domino effect', 'weapons of mass deception' etc etc.
The leaders can wave them off in fit of pride, nationalism, jingoism, & a just a touch of xenophobia.
Then when the bodies return the leaders can attend funerals & hug the families of the brave fallen, Then they can welcome the troops back in a fanfare & hand out medals.
Thats the 'political' reality of war. Bloody pathetic, bloody sick really.
Carbon tax, mining tax, stop the boats...http://www.smh.com.au/business/the-...as-wage-growth-stagnates-20150225-13o08c.html
Wage growth at its lowest level in 17 years.
So lets look at what's going on right now. Unemployment at its highest level in 12 years. Wage growth the lowest in 17 (aren't we constantly told that lower wages leads to lower unemployment). Consumer confidence in the toilet. Debt still increasing. GDP growth basically non existent.
And these people call themselves good economic managers?
3D printing: Australian researchers create jet engine, breakthrough captures attention of Airbus and Boeing
Professor Smith said the discovery could be an opportunity for the declining manufacturing industry.
"The real impact [of the car industry's decline] is the demise of the supply chain industry that supports the automotive sector," he said.
"We would like to think that revolutionary, disruptive technologies like this can take the place of some of the more traditional industries.
I am not anti-war but certainly not pro-war. It is one of those necessary evils sometimes, but I question how "sometimes" happens so regularly.
What is sick is the celebration of war, the fan fare and the willingness of society to participate in ANZAC day. I know s lot of people will be offended by including ANZAC day celebrations into this but it is just part of the machine of war.