hifiandmtb
Sphincter beanie
Aye. Trickle down economics is a sham.
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..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..
But old mate with 4 houses won’t, he has assets he will get a tax reduction...Oh I am pretty sure I will be perfectly eligible for those higher taxes.
We can only hope.. I highly doubt it. Nothing changed post gfc, and now they will just print more money.Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
Which they will still make the employed tax payer pay for the next 10 years.Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
Unfortunately, I feel the rich-poor divide will only increase...Many big multinationals have taken advantage of ultra-cheap loans and have hocked themselves to the hilt over the past decade.
The wealthy will make a packet out of this, they've already got money waiting in the bank to pounce.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...
I saw a few questions getting shot a Coorey what the link was between supplies and firb.. No response. I assume it was to illustrate what could possibly happen if state interest companies got hold of a lot of our assets for cheap.. Someone was pushing this agenda and it worked really quickly. Be nice if other stuff changed this quick..Here you go, macro-economist and supply line specialist from Perth USAsia centre:
You are not in the same boat. That dude will still have 4 houses and a lambo...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.
Then he merely drops rent, suddenly income is reduced or the places require "repairs" etc. Always a loop hole..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.
Serfdom isn't exactly a new economic model though.Repair is likely not possible. A new economy will spawn from this - won't be the same as that from a few months ago.
It's not the assets that deliver the tax deductions, it's his liabilities...owning those houses is really risky business.But old mate with 4 houses won’t, he has assets he will get a tax reduction...
Will be interesting to learn how their income from rent vs cost of mortgage plays out with Centrelink.Then he merely drops rent, suddenly income is reduced or the places require "repairs" etc. Always a loop hole..
I'm not betting on a wholesale expansion of public health after a vaccine is introduced and the pandemic finishes.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...
I can see Scomo, Dutton, and frydburger jumping at the chance to push for an improved standard of living...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
Are you insane? Do you live in a cave? Apparently not: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.
Well done is all I can say. Now staying at the Intercontinental with harbour views.Jarrod Whittaker is a journalist in the ABC's Gippsland newsroom.