Australia's largest stock trading and investment forum Australia's #1 stock forum

Those magic subs are vital to protect our trade routes with...

First 5 Last

Share
Profile

Follow
Sidonicus1

9,662 Posts.

20

09/11/23

19:37

Post #: 70818152
Share

Originally posted by pintohoo: ↑

''Economists have urged Treasurer Jim Chalmers to overhaul Australia’s tax system ''

does that infer that 'economists' want lower taxes?

well if it does - I suggest that it's wrong. I suggest that some of the best living standards in the world are in higher taxing countries.

And whilst the article mentions Sweden and Norway - in particular to mortgage rates - I suggest that both of those countries have a lot more safety net mechanisms in place - and Norway is well set up for national wealth.

There's no argument that the tax system in Oz is crap. But, what builds a nation is what you DO with the tax revenue.

and that's where Oz has a huge dog's breakfast.

Here Oz is spending half a trillion bucks on some kind of magic submarines to 'protect' itself from some imaginary foe that will invade to take????????????? what exactly?

something they can already buy dirt cheap? -------------- pfffft, it makes no sense at all. And that's just one example

Expand

Those magic subs are vital to protect our trade routes with China...... from China. Makes perfect sense ! It is time we stopped accepting crumbs in return for our epic amounts of natural resources.
8 Upvote

Reply

Top Stories

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Trump just dropped a 200% tariff bomb. Here's how to cash in

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

AII

Inside the depths of Panasqueira: A legacy carved in rock

First 5 Last

SPONSORED BY