So am I, in Sydney anyway.Im seeing a slight pick up in housing.
Reducing the tax rates at the lower scales and increasing Newstart, would help IMO.But the vast bulk of those tax cuts go to those in the top tax brackets (and they are permanent, unlike the offsets already delivered). Nothing that has happened in the past twenty years suggests that those people (I am one of them) put back more than a tiny percentage of their tax cuts into the "real economy" - at least not in their own country. I'd prefer any spending went to both those at the very bottom (Newstart), who will spend it in retail, or to infrastructure spending (including investments public education and health) where the money flows to contractors and other small businesses and increases national productivity over time.
The more I think about it, I would say mobile phones killed a lot of entertainment purchases. Music, tv, computers, gaming (to a degree), books, camera's and the list goes on.I think if you asked a hundred random people what they want but don't have, and specify that the answer can be literally anything so long as it's physically possible with current technology (so no landing on pluto etc), then there'd be very few who'd mention anything which involves a purchase in a retail shop of any kind.
What I expect you'd hear is:
Health - lose weight, get fit, drink less alcohol, eat better, etc.
Work - Improve their employment, business or as a step to get there education.
Finances - Reduce debt or increase investments.
Relationships - Find love or for some people end an existing relationship and move on.
Experiences - Travel mostly but also things like live entertainment, exploring nature and so on.
I'd be seriously surprised if anyone other than children thinking of Christmas presents or those who are genuinely quite poor would mention anything that's bought in a shop. Closest for most would be building materials for a house renovation etc.
Point being that even if someone (eg government) did hand everyone $1000 cash then I can't see too much of that going through the tills at bricks and mortar retailers. A bit would but in reality a lot would be saved / invested, used to repay debt or spent on holidays (mostly overseas), joining a gym or whatever.
If the aim is to stimulate retail in actual shops then about the only thing I can see doing that is to increase the incomes of those at the bottom. Increase the minimum wage and the dole. They're really the only people who don't already have everything anyway.
Yeah I'm just out of the city and its heating up again.So am I, in Sydney anyway.
As a Surveyor, my bread and butter depends on it. Larger developments are suffering from the lag, slow sales etc and am yet to see any substantial pickup in that domain, but give it another 12 months with current interest rates I reckon.
Maybe all the comrades are returning funds to the mother land like their propaganda has been calling for...eg, development in Beijing is showing no signs of slowing down.
F.Rock
I know there are PLENTY of examples of this but it saddened me to go to the old movie ticket purchase counter and see this. No people but there is still the counter where they once were. I miss the humans, even View attachment 98911 that one with the snotty nose and didn't give a sheet.
If the aim is to stimulate retail in actual shops then about the only thing I can see doing that is to increase the incomes of those at the bottom. Increase the minimum wage and the dole. They're really the only people who don't already have everything anyway.
Exactly, but doing that would seem like more welfare , tax and spend, just what the LNP campaigned against.
Just another example of ideology getting in the way of what really needs to be done.
You just forget that for the left, government must be in the loopWhy not just keep increasing the tax free threshold? Wouldn't it have the same effect of putting more money in the pockets of low income earners?
Fewer people having to submit tax returns means less workload for the ATO and those extra dollars would be converted into retail sales and GST revenue for the government. Not to mention making life a little easier for those on low incomes.
The raising of the tax free threshold from $6,800 to $18,200 was an inspired move in my opinion. It's welfare in a sense, but not in the sense of handing out money. It lets low income earners keep more of the money they earn, most of which will end up spent at retail outlets or on basic necessities.
Keep increasing it and you'll have more money injected into the economy. Low income earners generally aren't property owners, so lower interest rates don't impact them.
Just heard that Harris Scarfe has gone into administration.
HS is a chain of department stores best known in SA but also operates in Vic and Tas.
In terms of market position they’re below DJ’s or Myer but above Kmart or Big W.
Well I guess building supplies will be suffering, a burst housing bubble and the crumbling apartments issues, has to have a negative effect.The collapse of a major building supplies company is more worrying news.
https://www.abc.net.au/news/2019-12-17/400-jobs-lost-as-building-supplies-company-goes-bust/11807006
Well I guess building supplies will be suffering, a burst housing bubble and the crumbling apartments issues, has to have a negative effect.
What I'm also noticing is, the young seem to have moved on from designer footwear, tee shirts etc, to big phone plans, drinking and eating out.
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