hifiandmtb
Sphincter beanie
Aye. Trickle down economics is a sham.
I can understand it to a degree though. If they are getting money then they will be spending money on a range of stuff. If I got money I would just be paying rent and food for the family...
Oh I am pretty sure I will be perfectly eligible for those higher taxes.Except we are all going to have repay it with higher taxes and the like down the track. It will take a decade to repair this.. Proper benefits should be paid for the people that need them rather than watering the payments down..
Oh I am pretty sure I will be perfectly eligible for those higher taxes.
Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
Many big multinationals have taken advantage of ultra-cheap loans and have hocked themselves to the hilt over the past decade.
Read this, so much change can happen from this:
https://www.politico.com/news/magaz...ct-economy-life-society-analysis-covid-135579
Another good local article:
https://www.abc.net.au/news/2020-03-30/why-stocks-have-further-to-fall-coronavirus-covid-19/12101376
Unfortunately, I feel the rich-poor divide will only increase...
Here you go, macro-economist and supply line specialist from Perth USAsia centre:
Worked 14 years at one place and just 2 months ago got a new job so my employer doesnt get the bonus for me so guess who would be on the chopping block first. And because centrelink arent asset testing that means I am in the same boat as the dude with 4 houses and a Lambo when I lose my job.
You are not in the same boat. That dude will still have 4 houses and a lambo...
Not sure, but word is despite not asset testing there will still be an income test. So perhaps the income derived from those 4 houses will preclude such a person from receiving assistance.
Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
But old mate with 4 houses won’t, he has assets he will get a tax reduction...
Then he merely drops rent, suddenly income is reduced or the places require "repairs" etc. Always a loop hole..
Read this, so much change can happen from this:
https://www.politico.com/news/magaz...ct-economy-life-society-analysis-covid-135579
Another good local article:
https://www.abc.net.au/news/2020-03-30/why-stocks-have-further-to-fall-coronavirus-covid-19/12101376
Unfortunately, I feel the rich-poor divide will only increase...
Maybe, but I think the universal basic income might get some more support after this.
Sent from my SM-G970F using Tapatalk
hmm some kind of new poodle attire?I made a lady minute slip
I set off on March 7 from our home in regional Victoria, embarking on a trip Chile and Peru for a family wedding with my partner and our four-year-old daughter.
Jarrod Whittaker is a journalist in the ABC's Gippsland newsroom.