Australian Politics General...

[mullokintyre]

That's a pretty balanced assessment in my view.

The outrage media has blown up this issue beyond its significance to Australia.

We also import steel and aluminium, so if we sell less to the US, then we should import less and use more of our own production ourselves.

problem is, we currently make SFA, and will continue to make SFA.
We don't make cars, we don't make planes, we don't make any big ships.
We don't make IC's, or any form of chips.
We don't make TV's, phones, laptops or printers.
Virtually all our petrol and diesel is imported.
We don't produce any of the basic feedstock that goes into chemical production.
We sell minerals, agricultural products and education.
Mick

 

[SirRumpole]

problem is, we currently make SFA, and will continue to make SFA.
We don't make cars, we don't make planes, we don't make any big ships.
We don't make IC's, or any form of chips.
We don't make TV's, phones, laptops or printers.
Virtually all our petrol and diesel is imported.
We don't produce any of the basic feedstock that goes into chemical production.
We sell minerals, agricultural products and education.
Mick

Yes, but that can be changed, we have to start somewhere.

 

[wayneL]

Yes, but that can be changed, we have to start somewhere.

Very few incentives to do that under the current regime (and I include both sides in that).

Australia's only competitive advantage used to be cheap and plentiful energy and that had been irreparably destroyed at least in the medium term. That will be forever unless there is a hard 180° turn on these ruinous energy policies.

Australia has missed so many opportunities to other countries due to the retarded politics of envy and profoundly short sighted taxation policy.

Once upon a time Australia's economy rivalled China, despite our tiny population and an economic complexity ranking of 82, way down there with the third world. Even New Zealand is nearly 30 places above us.

We largely fail to value add any of our resources, flogging it off to others to do that and grow their welcomes at the expense of ours.

The policy changes required to halt are absolutely profound and with no political will from either of the clown shows Australians are stupid enough to vote for.

Yes it *can* be changed, but will it? We are more likely to end up as a province of China before that ever happens.

 

[IFocus]

Yes, but that can be changed, we have to start somewhere.

True but there is a cost and it will directly affect the standard of living plus hands up all those that want to pay more tax?

 

[SirRumpole]

True but there is a cost and it will directly affect the standard of living plus hands up all those that want to pay more tax?

As I alluded to before, we haven't been getting any where near the return from our natural resources than we should be.

Put an export tax on them all, but reduce it by the amount that they have been 'value added' in Australia , so if companies want to avoid the export tax, they establish refining or value adding industries here.

 

[sptrawler]

As I alluded to before, we haven't been getting any where near the return from our natural resources than we should be.

Put an export tax on them all, but reduce it by the amount that they have been 'value added' in Australia , so if companies want to avoid the export tax, they establish refining or value adding industries here.

That's how it used to be.

 

[sptrawler]

True but there is a cost and it will directly affect the standard of living plus hands up all those that want to pay more tax?

That's going to happen whether we stay the same, or try to change our economy.

We aren't growing raw materials we are digging and shipping them and at the same time we are increasing the population, so the returns from the raw materials has to be divided between more people.
Also the extra people are not building anything for export, so the extra burden they put on our infrastructure has to be funded by increased taxes.

The big issue is our economy has no resilience, our export income is based mainly on iron ore, coal and LNG, as coal and LNG are on the endangered list it really does leave us in a very exposed position.

So hands up those who think doing nothing, will result in a better lifestyle and paying less tax?

From our RBA:

Composition of the Australian Economy Snapshot

An infographic, updated monthly, summarising the composition of the Australian economy.

www.rba.gov.au

Export share by type:

Resources 59..5%

Services 19.7%

Rural 10.6%

Manufactured 8.2%

 

[IFocus]

As I alluded to before, we haven't been getting any where near the return from our natural resources than we should be.

Put an export tax on them all, but reduce it by the amount that they have been 'value added' in Australia , so if companies want to avoid the export tax, they establish refining or value adding industries here.

You could call it the super profits tax…. Or adding value tax then que Gina shouting from the back of a truck the IPA outrage calling it the Marxist take over conservatives gave away Australia to the wealthy long ago they are fine and won’t be giving it back anytime time so.

Sorry Rum agree with you of course please excuse my cynical take.