So, he wants to charge economic rents for land and resources and abolish all other taxes.Think the "Greens" are "radicals", check out the;
Australian Sovereignty Party (ASP) http://www.sovereigntyparty.org.au/
Between the Greens and Islam I would hate to see what this world of ours will be like in 20 or 30 years time. I certainly won't see it as I'll be popping up daisies by then and that may well be the safest place to be.
Well, it sounds like too much fun to not step into the breach at this point and play devil's advocate:
Sorry, but I can't help finding scaremongering such as this hilarious.
We've been through all this just over a century ago - when the Irish were denigraded in the same manner as muslims today; they were seen as a "race" of violent, lazy drunks who could not assimilate into society in a civilised manner.
We had the scaremongering that associated the mass migration of Europeans in the 50s and 60s as well; I'm not sure too many people would be worried by the neighbours eating pasta these days.
As for the economic argument - I trust the veracity of the Australian business community to keep the greased up wheels of capitalism turning. The economic reforms of the 70s through to the early 90s are just too far entrenched for any new hybrid government to completely destroy - the Australian economy has survived huge government waste under successive labour and liberal governments, chronic underspending on infrastructure over the past two decades, and as much as Green policies may (will) damage individual industries I have not seen a policy from any party in Australia likely to gain representation in the Senate that would cause major changes to the Australian financial landscape.
Do I have too much faith in the Australian community and economic character? Perhaps, but history suggests that as a nation we tend to emerge from any challenge stronger than we were.
Democracy is officially deadI would vote for you Mofra
Democracy is officially dead
Just heard on ABC news 24 that the Greens agree with the unions with a super profit tax on the banks.
An economic rent for resources makes sense (it's paid now in the form or royalties)n but this sort of nonsense is just socialism gone mad.Won't that just affect workers super as well, but offer plenty of cash to govt
An economic rent for resources makes sense (it's paid now in the form or royalties)n but this sort of nonsense is just socialism gone mad.
All the banks would do is pass on the cost to their customers.
Economic rationale ?
EDIT:
Australia's 4 largest banks have a market capitalisation of ~$265bn.
How would the government pay to nationalise them ?
Stuff the banks, they control everything need to nationalise them. This country boomed under the Commonwealth and State Banks.
Unwittingly doing it in the US, why not here.
Shares in Australia's biggest bank were down $1.12, or 2.12 per cent, at $51.63 at 12.02pm.
"What disturbs me is the reaction to Commonwealth Bank," said Mr Smith.
"Why the bank is down two per cent on average, particularly when it's put in a good report and $1.70 dividend.
"Why we've knocked Commonwealth Bank down is beyond me ... there's got to be an overriding reason, and I think it's the election."
When I started this thread I thought it would be an opportunity for Greens supporters to rally to the cause to defend their beloved party ...
Surely there must be others who support the concept that destroying the Australian economy by imposing crippling taxation on the extractive industries is a guarantee of a rosy future for this country.
Where are the tree huggers, the whale watchers, the fruit bat lovers? Or have you all seen the light and decided to be responsible citizens?
Are you suggesting that in nationalising the banks, the government pays nothing to existing shareholders for their shares ?The capitalisation is the unit value of shares on issue. Banks exists on deposits and loans. When this is stripped down they have nothing. If things get crook here the government may be forced to take on the loans to save a full collapse of our system. Just a thought of course.
More than 100 banks in the US have gone to the wall in the last 12 months because of loans that cannot be repaid.
Interesting that the quantative easing announced by the /fed Reserve overnight is to basically provide (read that as print) funds to buy back loans to in effect try to save banks.
The GFC had at its root packaged loan sludge which was found to be valueless. Pension funds and Municipalites here in Australia lost money from this stuff.
Are you suggesting that in nationalising the banks, the government pays nothing to existing shareholders for their shares ?
Do you reckon the government should get in first and tax them to death ?
That's another story, but it's hard to see the Greens managing the economy any better given some of their policy suggestions.Banks under our current system are vital to the entire financial sector and the government has to hold it together.
However, what is playing out overseas is horrifying, but with shed tools as bright as Swanny, I just shudder for our future.
That's another story, but it's hard to see the Greens managing the economy any better given some of their policy suggestions.
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