Examples. We privatise the Commonwealth Bank and deregulate the industry and they go bad. We do the same with energy and look at the mess. No one has to destroy capitalism, it is committing suicide
Biggest threat to capitalism is GREED. Biggest threat to socialism is GREED. Humans......who’d have’em!
Agreed, and it is greed that runs the nation. Sometimes what is a type of greed is the way politicians manipulate or vote, or the swinging voters that cause the rotation in government from LNP to Labor and visa versa. This is looked upon as a fair thing, but we can be swayed by a few dollars a day. I know these cuts etc are looked at as fair because the average Joe sees the top end of town paying less tax.
If we are to be a successful growing reasonable standard of living country we need to change some of our attitudes, not just politicians and business, but the average and middle income Joes as well.
A lot will argue the point but I firmly believe that not only can we ever have full employment as we have known it, but the actual number of people not working will increase dramatically over the next decade or two. We are already seeing 3D printing grow from a novelty into reducing most of the new electric cars etc. I can see in the not too distant future a box like a microwave with a screen on the door. You will choose a product like a toothbrush, key in the item number, download the data, print the toothbrush and your credit card will be charged for the intellectual property.
We will still need workers as the 3D printed car still needs the electrics fitted etc and some things just couldn't be printed unless some as yet unknown technology is found. Of course robots could do some work. There will be an ever growing wage gag and as climate harshens, population expands ,the wealthy will become more detached from the rest. They will live in highly secured areas, even more so than now, I would say entire suburbs gated.
I can even envisage a wall across Sydney with gates and passes needed to go threw, you will need to show just cause. The promotion of "crime waves" by politicians and the media will create an us and them mentality. The unemployed will become the norm we could even reclassify the payment as a basic income to take away the stigma of being unemployed as it will be some people's life time occupation. I know you can see it starting now.
That's precisely my point, we have no work for a half million people now. Changing our immigration will not change this as many here will believe, but it is too indepth to consider ATM. The other thing is that we do have great technology and can make better things faster and cheaper and as is often the case all of the increases in technology etc, the extra income has gone to management rather than sharing it down. Often now a business will be offered a tax relief to install better technology. Let's say a new dodad maker that will make as many dodads as 10 men. The company gets more dodads and the government supplement the purchase and pay the dole to 9 ex dodad makers
I agree so we as a population of very intelligent people need to start looking for that horizon and over it .
The first thing we need to do is get Murdoch and all those like him to pay their fare share plus a few bob for the privilege of living in a country where you can become perversely rich.
I would like to see a discussion on an amendment to the Companies Code whereby a company, although based offshore, if their place of business was in Australia, they pay their taxes. ATM I think if the registered office is offshore, then they pay no tax. Correct me if Im wrong. Instead they impose a GST on goods purchased on line from an overseas source, which, once again correct me if Im wrong, is an illegal tax. It all seems to be geared in favour of the lords and barons, whilst us peons take up the slack.
Eggsactly. The businesses will complain that it's uneconomical to start businesses and growth will suffer. If it's uneconomical then don't bloody start it, if you are going to end up bankrupt then not only employees but suppliers and some customers even lose and often these fly by nights have their R"ses covered
On another topic perhaps, but I sometimes wonder about the effect that Keatings compulsory superannuation levy has had on the economy. I have always believed that workers are simply entitled to a days pay for a days work. It is not the bosses obligation to provide for their retirement. If you want a retirement package ready for you upon retirement, then create it yourself, dont expect your boss to create it for you. If you delete Keatings superannuation levy, which I think from memory began at 3% and increased gradually to 9%, how much would this have benefited the economy. Personally, I think super is a con, and anyone under forty these days wont see any of their contributions. it will all be raided by governments, as they have in Qld. But thats another story I guess.
That is the weakness of a president that caused Charles de Gaulle to change the French gov't. Australia needs the ability to "elect" a Chief Executive from beyond the stogy, senior, bought, party seniors in the parliament. Bought is exemplified by Labor, oh I mean, Labour and their disconnection from representing working people. What part do the UnFree not get? Moi Don't ize Australia
I was talking about the UK. But, why would Harry be better than Charles for Australia? Because of he's younger? That's ageism. What did Charles do that made people want Harry? What did Harry do? (apart from be younger)? Is it because he married a black girl? (That's shallow if that's why) lol. Why does Australia want Harry over Charles? What does Harry do that Charles doesn't? You had Charles talking about global issues, and Harry partying, fact.
Exactly why Harry the Ginger is better choice for Australia. Would you want to party with Charles? <boring>
Australians could always purchase from a company based in Oz. That is another story however. The GST imposed on goods provided by overseas based companies is perfectly legal And long overdue. We were losing billions in lost revenue. Revenue needed to provide services to nation. Hell we are not generating enough now let alone letting our precious dollars float away overseas with nothing to show for it. Every dollar spent overseas takes that dollar out of local circulation meaning that dollar has no chance of continued regeneration of wealth. Good tax and not before time. Globalisation is the brainchild of the elite money earners. They will have believe it is the best thing for the future, and we have bought into it, because we as a general population are simpletons ripe for the picking. Look everybody how cheap these new cars are, while our car manufacturing closes its doors. Look how cheap that lounge is, oh gee there used to be a lounge maker up the road. We shook our heads at the demise of our manufacturing industry but continued to support this absolute lie that is globalisation. Why? Because we got stuff a bit cheaper and every bit counts remember! We have lost more than we have gained and are going to lose even more as the future rushes upon us. Ask yourself, if globalisation is the answer, then why is the gap between the poor and the wealthy getting larger? Who is benefitting here? I don’t see any of the wealthy’s jobs becoming redundant. Movies have a funny way of predicting future outcomes. I remember watching the Hunger Games and commented to my wife that this is where the world is heading under this Globalised economy. So Billy us peons are in deep poo! In part it is our fault because we have bought into this rubbish. Bribed with cheap useless sh!t and they were right to think we were stupid, because we are.
My argument re the GST on goods purchased from an overseas source thru the internet is based on the Law of Contract which states that the place where the contract is actually made (ie after offer and acceptance have occurred, and payment of consideration has occurred..)is deemed to be the location of the goods. So if I contract from say Sydney to buy goods located in Broken Hill, then the place of contract is deemed to be Broken Hill. The Government have in fact created a claytons import tax, as a GST its illegal. If I buy goods over the internet located in Germany, I shouldnt have to pay GST because the contract occurred in Germany. Just my opinion, but Id be happy to change it if you can convince me Im wrong.
For a contract of sale to be properly enacted both parties must be in receipt of their goods. Otherwise this is known as an incomplete sale, so in actual fact until you receive your goods the contract of sale has not been enacted. Therefore as grey as it is, the actual contract of sale was fully enacted once you take receipt of your goods. In australia. Works the other way as well. They are not your goods in name until receipt of payment is transfered and excepted. You see the actual contract you speak of in Germany was initialised in Australia where you entered your credit card and was formalised in Australia upon receipt of goods. Internet purchases have muddied the waters. Because the internet has no state.
I think you have skirted around the point I was making insofar as the place of contract is where the goods are located. If overseas, a GST cannot apply. The Telecommunications Act seems to support my viewpoint.
As I said murky. Where the goods are housed means nothing these days as you may of purchased them from a German company but they may of been directly shipped from China. Or in some instances they are housed right here in Australia. Under your argument of where the goods are housed, would that mean you pay no tax at all including the German equivalent of the GST? Because the goods weren’t housed in Germany. This is why a contract of sale can not take into account the geographical location of the goods when dealing in international movement and sales. All obscelete really, as it has been legislated and the tax law exists. In the past GST was imposed on overseas purchases over $1000. This was payable upon arrival. That has not changed. However a law was passed through Parliament earlier this year that now imposes a GST on any goods purchased from overseas as of July this year. I think you will find that this is the case in most countries that have a similar tax set up.
