Anthony Albanese - How long? -3-

[peetoo]

When will we learn that there's multiple ways to control inflation that doesn't involve smashing middle rung homeowners?

The system is so so broken. Nothing more infuriating that boomers 'rejoicing' because their savings rate is about to increase.

Aus open. Spring racing. AFL finals. Unprecedented demand despite eye watering prices. Some people may talk about doing it tough but they clearly arent

 

[Gralin]

I think a big part of the RBA's problem is they don't want to be seen to be bagging the government of the day, even though they should be.

So instead of potentially looking biased, they look stupid.

They could just tell the truth, which is "We don't particularly want to raise rates but we have no choice because inflation continues to be too high, which is largely the faulty of the government who just want to spend money the country doesn't have, which is what is driving inflation."

i mean that wouldn't be accurate anyway would it

its not government overspending that is causing inflation

its their unwillingness to do anything meaningful about the issues we're facing

 

[faible]

Aus open. Spring racing. AFL finals. Unprecedented demand despite eye watering prices. Some people may talk about doing it tough but they clearly arent

I suspect the people talking about doing it tough aren't paying for Aus Open finals tickets.

 

[QuietB]

This current Inflation is being caused primarily by people with huge disposable income (which may or may not be as a result of government spending) who don't really care what prices do.

Government could target these people through taxation but hell will freeze over before that happens.

So as usual, the strong do what they can and the weak suffer what they must.

 

[SaintsSeptember]

This current Inflation is being caused primarily by people with huge disposable income (which may or may not be as a result of government spending) who don't really care what prices do.

Government could target these people through taxation but hell will freeze over before that happens.

So as usual, the strong do what they can and the weak suffer what they must.

I'm constantly amazed at how many Mercedes and BMW's are on the road. You simply don't buy that sort of car if you care about money.

 

[FlowersByIrene]

I'm constantly amazed at how many Mercedes and BMW's are on the road. You simply don't buy that sort of car if you care about money.

Cash businesses, our labor laws and standards drive the cost of unskilled labor (like construction, beauty etc), so high and our tax regime is so oppressive, that there is a substantial portion of the country doing tax free cashies regularly. Those cashies allow them to buy stupid shit like luxury cars.

 

[Gralin]

l

Cash businesses, our labor laws and standards drive the cost of unskilled labor (like construction, beauty etc), so high and our tax regime is so oppressive, that there is a substantial portion of the country tax free cashies regularly. Those cashies allow them to buy stupid shit like luxury cars.

High taxes means opeople have too much money to spend on luxury cars sure is a take

But I can't argue when I see all the nail techs going home in their Mercedes AMGs

 

[Gralin]

And don't get me started on all the hair dressers in their Ferraris

Lower taxes will definitely fix that problem

 

[Crankyhawk]

RBA doing their thing again

gotta love when they're like yeah dunno what we're doing its all guessing and we kind of hope it does what we want and stuff

View attachment 2520788

Opposition want the government to accept responsibility government want to say its got nothing to do with them


whoever is in power loves the RBA being "independent" they can just blame it all on them when things are bad

and then of course take credit for when things are good

funny how government policy only impacts things in one direction, regardless of which party is in power

So I'm trying to work out what you expect from the RBA
Because here they are being honest as far as I can tell, you are pulling a lever but there is no clear "do this and the economy will change by x" THey are saying they are trying to balance both low unemployment and low inflation. And it is difficult.

 

[Crankyhawk]

l

High taxes means opeople have too much money to spend on luxury cars sure is a take

But I can't argue when I see all the nail techs going home in their Mercedes AMGs

that'd be the pressies from the sugar daddies though

 

[peetoo]

I suspect the people talking about doing it tough aren't paying for Aus Open finals tickets.

The interest rates are supposed to cool the economy

Th cohort heating the economy aren’t being impacted by interest rates .

I reckon many left the home loan repayments higher when rates were reduced

It’s not as effective a strategy as a couple of decades ago

If it ever was

 

[Gralin]

So I'm trying to work out what you expect from the RBA
Because here they are being honest as far as I can tell, you are pulling a lever but there is no clear "do this and the economy will change by x" THey are saying they are trying to balance both low unemployment and low inflation. And it is difficult.

But they're not being honest

 

[Juddism]

The interest rates are supposed to cool the economy

Th cohort heating the economy aren’t being impacted by interest rates .

I reckon many left the home loan repayments higher when rates were reduced

It’s not as effective a strategy as a couple of decades ago

If it ever was

Or they've got too many homes they can't afford in the first place.

Take a drive to chaddy, full of 30 somethings driving Range Rovers and walking around with $10k chanel bags, its more credit card debt than anything else.

 

[SaintsSeptember]

The interest rates are supposed to cool the economy

Th cohort heating the economy aren’t being impacted by interest rates .

I reckon many left the home loan repayments higher when rates were reduced

It’s not as effective a strategy as a couple of decades ago

If it ever was

In the kind of housing market we had in the past , high interest rates would push those with rentals into a place where their negative gearing became too negative. So they'd sell the rental. That then put downward pressure on housing prices, but of course people had to pay the high rates on their mortgage.

Now a lot of the focus is on inner suburban places. You can only fit so many homes into an inner suburban area, without going full Hong Kong. BUT , when the prices go up there, for some reason homes in outlying country areas also go up , and that's bullshit. They are surrounded by paddocks.
How much is just marketing and suckering people in ? How much is a house worth ? As much as someone will pay for it.

 

[faible]

But they're not being honest

Not much they can say really, they have one lever to pull and the government refuses to do much else since they love getting to blame the RBA.

 

[leon123]

When will we learn that there's multiple ways to control inflation that doesn't involve smashing middle rung homeowners?

The system is so so broken. Nothing more infuriating that boomers 'rejoicing' because their savings rate is about to increase.

Not a huge array of tools as such, the only major one is reducing government spending, then which 'programs' to cut.

Interest rate changes is a very effective tool, but, it does impact particularly new/recent home buyers. Sustained inflation hurts everyone - its very damaging

 

[quotemokc]

This current Inflation is being caused primarily by people with huge disposable income (which may or may not be as a result of government spending) who don't really care what prices do.

Government could target these people through taxation but hell will freeze over before that happens.

So as usual, the strong do what they can and the weak suffer what they must.

A big portion of that is people that recently sold IPs for absurd amounts of cash.

Mate of mine after selling an ip has bought; Motorcycle, helmet, expensive bbq, who knows what else

 

[Bunk Moreland]

i mean that wouldn't be accurate anyway would it

its not government overspending that is causing inflation

its their unwillingness to do anything meaningful about the issues we're facing

I agree with your last point but government spending is absolutely a factor.

We’ve got a structural deficit that needs to be fixed. Through cost saving, taxation or both.

 

[QuietB]

I agree with your last point but government spending is absolutely a factor.

We’ve got a structural deficit that needs to be fixed. Through cost saving, taxation or both.

You could probably fix it by taxing Australia's resources properly

 

[Del202624]

 

[Achy Blakey Heart]

We just had a 28% pay rise over 4 years ticked off. (25-28). I’m sure that will help inflation.

 

[Pakenhamsaint]

Easy fix on productivity.

Make it less attractive to invest in unproductive assets like housing.

 

[SBD Gonzalez]

Very effing concerning.

Trump, ICE set to be handed access to Australians' biometric data, ID documents

The Albanese government is giving the Trump administration and agencies like ICE access to Australians' biometric data — and we're not being told anything about it.

www.crikey.com.au

 

[SBD Gonzalez]

We just had a 28% pay rise over 4 years ticked off. (25-28). I’m sure that will help inflation.

Despite wages failing to keep pace with CoL for yonks, there is never a good time for a pay rise according to some.

 

[Ghost Patrol]

You can’t fix capitalism with 0.25% or even 28% over 4 years.