Australia - you're standing in it

Sheepdog's picture
Sheepdog started the topic in Friday, 18 Sep 2020 at 11:51am

The "I can't believe it's not politics" thread.

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Sunday, 24 Nov 2024 at 12:48pm

"my phone literally has one app added beyond factory settings"

That app is?

andy-mac's picture
andy-mac's picture
andy-mac Sunday, 24 Nov 2024 at 12:51pm

Yeah.. nah

https://m.

sypkan's picture
sypkan's picture
sypkan Sunday, 24 Nov 2024 at 1:19pm

WA

the chosen app of terrorists across the world...

haha

(before fuckerberg took it over)

Optimist's picture
Optimist's picture
Optimist Sunday, 24 Nov 2024 at 1:49pm

Had to comment on Labor going after everyone’s super in the future fund.
Do we trust labor’s management or do you think they will just” burn through it “
in no time….
Peter Costello who started it in the first place is horrified.
250 billion of other people’s money in Labor hands….nope…
That is all.

blackers's picture
blackers's picture
blackers Sunday, 24 Nov 2024 at 3:56pm

Do you know what the Future Fund actually is Opti? Unless you are or were a public servant, it ain't your super. There are other issues there for sure but not what you are banging on about.

Optimist's picture
Optimist's picture
Optimist Sunday, 24 Nov 2024 at 4:48pm

It funds public servant employee super and other costs as well.
It invests in things that make money to save money for the taxpayer.
It made 11.9% in interest last year and is now worth 290 billion.
If Labor gets access it will no longer grow at 11.9%….it will actually lose money.
Just like Labor always loses money…..not saying Labor aren’t good at some stuff….
They just aren’t good at that.
If you ain’t no good at that…. don't touch it.
Jim’s been bragging about his budget surplus ….perhaps use that instead…
Housing can be fixed overnight easily….release cheap land for everyone….everywhere……allow humble buildings.
Keep the developers out of it…..
Then, everything will fix itself.

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Sunday, 24 Nov 2024 at 5:54pm
sypkan wrote:

I honestly don't know who advises labor these are 'winner' ideas...

Weird that the same kind of awful policy gets put up in different western countries by different governments at similar times. Enough examples out there, the farmers stuff in UK and Holland, the misinfo stuff getting put down here and overseas. Funny stuff is, it doesn't come from the people who vote in these governments, for who is doing it just read the first letter in each of my sentences...

GuySmiley's picture
GuySmiley's picture
GuySmiley Sunday, 24 Nov 2024 at 7:02pm

re: @opti's "contributions ^^

Yes it is vital any $$ spent from the Future Fund stacks up but the singing of praise on Costello FFS cannot be left unchallenged ... with apologies to those that have read this previously.

Fact #1 the record surpluses that Howard and Costello saw in government were due to: (1.) being the highest taxing Governments in AU history as a % of GDP given the good fortune of being in power during the 1st mining boom; (2.) selling off every publicly owned asset they could get their hands on; (3.) drastically reducing the public service including sacking staff in the CES, aged care, TAFE and places like the ABS, ACCC, AISC and Tax Office; and (4.) basically stopping Federal Government $$ for required public infrastructure.

Fact #2: with these massive windfall surpluses Howard/Costello gave voters personal income cuts each election and introduced a suite of middle and upper class welfare measures such as negative gearing, 1/2 CGT, the elimination of tax on self funded superannuation income streams and allowing SMSFs to borrow to speculate in housing and other assets all of which ensure Federal Government structural deficits to the current day and into the future.

In other words Howard/Costello grabbed every last $$ they could get their hands on and pissed it all up against the wall and voters are still suffering their structural deficit hangover.

Costello is in no position to lecture anyone about economics nor is his unflushable turd PM!