the Pandemic wasn't so bad for me , because i was already retired , but also prepping for a different difficult outcome ( or maybe the actual crisis relabeled a Pandemic )I keep harping on about batteries, but as the pandemic showed, when the $hit hits the fan, you soon relise how exposed you are to external shocks, the 1987 stock market crash actually forced the introduction of the compulsory superannuation scheme.
I have 8 grandkids, I don't want to see Australia's standard of living to go down the toilet, because our generation didn't demand a reversal in the tragectory.indeed there is a contingent of Australians that DO think of multi-generational consequences ( for their family-line ) and some of them are ( or close to ) financially secure
** I can understand your stance on the issue, you only need the economy to stay bouyant until you check out, **
that should apply to me , but i have always had an unconventional way of thinking
the main danger of our current trend is IF 'free trade ' gets abandoned or blocked , and we MUST make ( or go without ) but lack the skills to fill any gaps quickly .
oh , i realize you were communicating with VC but the stereotype should also apply to me ( if i was the typical aged hippie )I have 8 grandkids, I don't want to see Australia's standard of living to go down the toilet, because our generation didn't demand a reversal in the tragectory.
Obviously I phrased my post badly, it was directed to VC, maybe I didn't capture tge context correctly.
My stance is polar opposite, to the economy only has to see me out, I would be ashamed if that were my belief.
Maybe my post was badly written, or your interpratation was a bit off.
Don't get me wrong, I haven't had a charmed life, like some.oh , i realize you were communicating with VC but the stereotype should also apply to me ( if i was the typical aged hippie )
and sadly your view is correct for some in my generation ( even when they have children/grand-children )
i would rather not see the standard of living go down in Australia ( and have held that stance since the '80s ) and seemed to be forever in favour of carefully guided migration , and national-building from within
however i grew up on the fringe of a capital city ( few bitumen roads , no sewerage , washouts instead of gutters , some of my classmates even lived in houses without rear walls )and have been aware over the decades of work-mates living in their car/truck/van sometimes with their partner and children )
i can see the potential of a down-trend of living standards in Australia , and hope it doesn't happen ( but seeing hints of it beginning )
yes the middle-class are almost always in danger , they always look like a juicy,easy target ( you can't tax/squeeze the very poor much , and God forbid the ultra-wealthy get a serious dent to the accumulated wealth )Don't get me wrong, I haven't had a charmed life, like some.
I don't want to get into the Yorkshiremen men arguing about tough, but I could hold my own on the tough criteria. Lol
I just want to see an Australia thayt I grew up in, where if you worked hard and did without, you could expect to see a brighter future.
Now I see an Australia, where if you work hard and do without you might get by and you have to weigh that up against not working at all.
I'm not talking about the top 5%, I'm talking about the middle 70% who will work endlessly as their goals disappear into the distance.
You can't tax the very poor at all, other than GST, until a couple earn more than $50k from memory, the don't pay any tax.yes the middle-class are almost always in danger , they always look like a juicy,easy target ( you can't tax/squeeze the very poor much , and God forbid the ultra-wealthy get a serious dent to the accumulated wealth )
LOLYou can't tax the very poor at all, other than GST, until a couple earn more than $50k from memory, the don't pay any tax.
Well I can say, in the U.S a guard dog is common, we in Australia have yet to get there, but give it time.LOL
yes you do GST , alcohol excise , tobacco excise , fuel excise even a tax on pet food ( should you have a guard dog to help secure your meager possessions ) , dozens of tiny taxes.excise,fees, charges , both at state and federal level , although one might argue on those people they are not cash effective but more about accumulating data on them
in 9 years time, the number of aged turning 85 will be 4 times the current number (80k vs 20k). The implication, and it's a generalisation, is there will be a lot more frail elderly around. Is society ready for this? Is the infrastructure in place or planned?
Well let's be honest Donna, it is a great excuse for an inherritance tax, that would sort that out in one foul swoop. Lolanyhow, just to remind myself, I posted this a while back.
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whilst it's really nice to see the keyboard warriors blather on (handy hint, guys, heard it all before) ...
in 9 years time, the number of aged turning 85 will be 4 times the current number (80k vs 20k). The implication, and it's a generalisation, is there will be a lot more frail elderly around. Is society ready for this? Is the infrastructure in place or planned?
Well mining is our largest export industry and it does absorb a lot of capital and Labour, remember the limiting factor is not just labour, its capital too.That beggs the ever recurring question, what export industry? And for gods sake don't say fckn mining, they are trying to reduce their labour cost 24/7 .
If we keep putting more out of work and on the dole, or in more service industries, which indirectly end up with the Govt having to print money, we will end up as Keating said a banana republic.
I can understand your stance on the issue, you only need the economy to stay bouyant until you check out, but there are a lot of Aussies that have kids and grandkids, some even have great grandkids, that don't want to see all the sacrifice and doing without that they did meant nothing.
Your situation just doesn't resonate with hard working Aussies, that don't want to throw in the towel, that isn't the legacy they want to leave.
Just my opinion.
It’s up to the market to decide how many uber drivers and baristas we need, when the market is saturated and can’t absorb any more capital into coffee shops the capital will flow to the next thing,We can only employ so many uber drivers and baristas, many of them have degrees and are waiting to get Govt jobs , meanwhile we are importing many more that want to be baristas and uber drivers.
Is this is the marker shift towards industries that produce the most value with the least capital cost?
You talk as if we are on the cusp of an export bonanza, when in reality we are on the cusp of a dollar revaluation IMO, which wouldn't be too bad because it would wake a few people up IMO. Lol
I keep harping on about batteries, but as the pandemic showed, when the $hit hits the fan, you soon relise how exposed you are to external shocks, the 1987 stock market crash actually forced the introduction of the compulsory superannuation scheme.
Well if we are going to go to say 70% renewables, we are going to need a huge amount of battery storage and sourcing them from China is great until we can't.
Even if we used a Chinese manufacturer to establish a production facility here, it would make a hell of a lot more sense, than having no battery manufacturing ability at all.
Our educational outcomes are falling, our technical skill levels are falling, where you think these value adding export industries are going to spring from eludes me.
When the flck did I mention a tv factory, you really do play your own agenda. LolWell mining is our largest export industry and it does absorb a lot of capital and Labour, remember the limiting factor is not just labour, its capital too.
Mining revenue also generates lots side employment via its dividends and taxes, if you swap a mine for a tv factory will that Tv factory produce the same level of dividends and taxes as the mine would have?
Absolutely, fkcn sweat shops. LolIt’s up to the market to decide how many uber drivers and baristas we need, when the market is saturated and can’t absorb any more capital into coffee shops the capital will flow to the next thing,
I used that as an example of something you guys are considering as “value adding”, you can swap it for steel mill, battery factory or anything else you like.When the flck did I mention a tv factory, you really do play your own agenda. Lol
I give a **** too, what have I said that makes you think I don’t?Absolutely, fkcn sweat shops. Lol
I would have exactly the same opinion as you, if I was in the same position as you, but alas unfortunately I'm not.
I actually give a $hit, unfortunately. Lol
No you didn't, you put an example of what we couldn't possibly compete in, why do you take everyone else to be an idiot?I used that as an example of something you guys are considering as “value adding”, you can swap it for steel mill, battery factory or anything else you like.
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