- Jul 31, 2011
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Is it a good idea for Australia to save for the future? Or should we just dig up our resources AQAP and let the market sort it out? Outline why you think so below.
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well, lets just nationalise the miners. I dont think you will find much sympathy for Gina Reinhart or Twiggy Forrest
#facetiousI think you will actually...
The notion of forcibly acquiring assets from someone who has invested heavily and taken a substantial risk in order to create a successful business that creates wealth to employees, associated industries and the country via exports is absolutely absurd.
I heard keating speak on lateline last summer...he wanted that huge superfund (2nd biggest saving pool in the world apparantly) to fund afforable morgages for Australians...
Where will it come from?
What will it be used for?
How will it be administered?
I heard keating speak on lateline last summer...he wanted that huge superfund (2nd biggest saving pool in the world apparantly) to fund afforable morgages for Australians...
This is the first sensible thing i have heard, we need to save save save, we need cash cash cash in the bank. We need to make a surplus surplus surplus for our future future future. We need to be ruthless about this, the future of the nation takes precedence over any current day squabbles like refugees, gay rights, gender equality. We need to take action now. We need to mobilize and mobilize now.
Agree RR, but the only thing is that the media see now benefit in discussing it as it doesn't rate.This is the first sensible thing i have heard, we need to save save save, we need cash cash cash in the bank. We need to make a surplus surplus surplus for our future future future. We need to be ruthless about this, the future of the nation takes precedence over any current day squabbles like refugees, gay rights, gender equality. We need to take action now. We need to mobilize and mobilize now.
Agree RR, but the only thing is that the media see now benefit in discussing it as it doesn't rate.
All the media want to talk about is sensationalism and the same things that the shock jocks go on about on talkback radio. None of this has any real impact on our daily lives yet our media is full of lies, innuendo and useless information. If you removed all the crap for the nightly news the 30 minute editions wouldn't last until the first ad break.
Another example of why Barnett will be in power for the next decade.
If Australia had set up superannuation properly the government could of been a supoer fund and thus would've had the capacity to fund the sovereign wealth fund in a similar way to what Singapore does.
This would of meant that superannuation would not of been eaten away by useless charges and fees, leaving the population better off.
Of course this is based on a premise that the government would actually invest wisely which judging on recent decision has to be questioned.
Another Fannie Mae. What a brilliant idea.
As for the Norwegian SWF I am sure its massive EURO exposure will all work out wonderfully well.
http://au.news.yahoo.com/thewest/a/-/breaking/12973959/resources-future-fund-a-priority/
WA could have a fund set up this year.