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WA - From Boom to Bust

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Sounds alot like the US Car Industry:

Non competitive car industry (other states than WA) getting propped up by others sectors that are. Therefore hamstringing the prosperous areas of the economy or raising taxes on those that are well off to artificially prop up something that should be left to rot.

After all is said and done, after 5 years of bonanza, we, WA, having absolutely nothing to show for it. Not even a new ^&*&^* Football stadium.

Succession is the only way to go.
 
Having read through the Act Amendment (W. Australia DAY) Bill 2008 - 14/5/2008 and the explanatory memorandum, ref Dr S C Thomas. I notice it is the WA Government who are largely to blame for blowing the advantages of the boom period.

Royalties to WA have risen sharply and I make particular reference to the agreements between WA and BHP concerning Pilbara.
 

HEY???/?

A new royalty scheme enacted on the 14/5/08, is somehow proof that WA has blown 5 YEARS of a mining boom?

How on earth do you come to that conclusion?

Of course royalties have increased massively to WA. As has the EXPENSES, which is the crux of my argument.


And Big Al, there is plenty of room on my secession bandwagon! Choo Choo!!

You just have to spell it correctly first.
 
This is the sort of **** that has us Sandgropers, and particularly those in rural regions exceptionally fired up.

We spent millions upon millions of dollars, with all the environmental processes, approvals, putting the infrastructure in place. Absolutely staggering amounts of money to attract this project... and this is the piece of **** response that we have had over the last 5 years... and it is not an isolated case:



So why the **** would we pay money, to simply give it to prop up South Australia... when any money we spend, simply is not returned?

It gets me incredibly fired up. I wish fellow sandgropers would rise up against this. We, and particularly those in rural WA, have been treated like second class citizens, despite keeping the Australian economy out of severe economic trouble over the last few years.

What is the point in us actually investing any money? We may as well just say, "**** it, if you want to take all the royalties, you stump up the cash in the first place."

It is absurd and obscene, particularly when you see the living standards of those in the NW.

It's an absolute joke.
 
Hi, Read the 2008 Act and the Amendment and then you'll see your beloved WA went on a spending spree when they should have been banking the cash, in the right banks of course.

I have some affiliation with WA as one of my Great Grandfathers was Mayor of Midland in the early 1900's, and a few relatives run a business there.

Look forward to your response after the big read - good luck.
 

It's all part of the Grand Globalisation Scheme (which includes a sub-clause covering "Nationalisation"), Section VII, Clause 3(a) - Though shalt not consider state "protectionist" nor "secessionist" policies on pain of invasion by a mightier power.

Why, don't you just lurv Grand Schemes?
 
Re: WA - From Boom to Bust ...

Aussiejeff said:
Would secession have been a viable option?
Click to expand...

Yep, then we could employ half the population in defense and security.

(to stop illegal immigrants, SE asian acts of aggression and t'othersiders).
 
Many West Australians and Queenslanders would think they deserved to keep more of the mining windfall, but the same case could be made by the Pilbara vs Perth or CQ vs Brisbane. Thousands of pseudo-professionals and bureaucrats in every capital city depend on the mining windfall. Our borrow-and-spend economy would collapse without the redistribution of wealth to urban centres.
 

This is the one I assume you mean? As after extensive searching, it's the only one that comes up, aside from this thread.



So please do provide a link to whatever you are talking about.


And if it is the announcement that Allanah was going to stump up state money for everything that had been awaiting federal funding over the last 5-6 years, then don't bother. We already know it, and it just adds further to my case. You know, the Bunbury HWY announcement that was made about this time, after being on the federal "priority" funding desk for the last 10 years.
 
I noticed alot of new housing on canals at Peel Inlet and Harvey Estuary near Mandurah.Very ritzy looking too I might add.
Not alot of trees though, very desert-like, especially on the ocean side.

I love W.A.
 
Found it.

And surprise surprise, it backs up exactly the point I have been making... and the example in this thread.

 
LOL:

 
I'd have more sympathy for WA if its economic advantages weren't mostly due to blind luck. It's not like you guys have built silicon valley out there.
 
banco said:
I'd have more sympathy for WA if its economic advantages weren't mostly due to blind luck. It's not like you guys have built silicon valley out there.
Click to expand...

Yeah we have.

Ever heard of the old WAIT?

Which helped pioneer the LNG industry?
 
SA going down the gurgler as well .....


http://www.news.com.au/adelaidenow/story/0,27574,24823166-2682,00.html
 
My bet is that at some point in the economic slowdown governments both state and federal will raise taxes to supplement revenue as it is probable that the budgetry impact is still underestimated.

While providing the bulk of servics state governments are limited on revenue raising measures when compared to the federal government but an obvious target for a tax increase will be vehicle registration. I think one or two states are already doing this. If residential real estate prices drop enough then increases in stamp duty rates will also be on the table to maintain that revenue source. The extent to which state governments will be able to increase taxes and charges will depend on each states electoral cycle. Having a new government in WA expect the next budget to be harsh.

At the federal level petrol excise becomes an obvious target for an increase should oil prices remain low.
 
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