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

GXY

0.00%

$5.28 galaxy resources limited

Banter and General Comments, page-8196

First 8196 Last

Share
Profile

Follow
Thesi

8,739 Posts.

2622

04/08/19

09:10

Post #: 39848356
Share

Originally posted by thebeautifulstyle ↑

Unfortunately its this attitude thats hampering the development of this country into the
right direction. People in this country will vote for whoever will put more money into
their hip pocket.

This kind of attitude is ingrained into the culture here. The way Kerry Packer behaved
with his attitude to tax-paying is a fine example. His disgraceful behaviour was an
embaressement to many, but not to most. The media were sympathetic to his attitude
which was a disgrace in itself. And thats because people in this country are obsessed with
saving tax, and good tax avoiders are considered heroes

Thesi, the money saved from the imputation credits and negative gearing policies would
have put money into clean energy and renewables and maybe even by direct investment in this
sector by the government. The money for this had to come from somewhere.

Its not only about the money that would have gone into this area
but in fact it could have been a very promising lucrative investment that could easily have
have profitable for the govt and the people of Australia in the longer term, (and provided employment).
This sector is a huge growing industry in itself.

Instead people went for the hip pocket vote and won and will now spend that money on a Samsung
TV or a Huawey mobile phone.
Dumb.
Wasted.

Expand

It is two examples of policy that cost them the election and were not very good idea's. Obviously for a party that is trying to get elected. When I first heard them I thought "It cannot be, they wouldn't be this stupid!" well they were and it played out against them and now it is back to the drawing board with more time in the wilderness.

GXY Price at posting: $1.24 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Your questions From the Floor: Fenix Resources (ASX:FEX)

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

From the Floor: Minerals Council WA chief talks uranium and gold

From the Floor with Kim Beazley at Diggers and Dealers 2024

AAR

Your questions From the Floor: Astral Resources (ASX:AAR)