breaking into europe, page-8

Hmmm ... at a certain level we need to understand that global GDP is made up LABOR (wages) + PROFITS + TAXES .. given that all materials start out as free from an abundant earth.

Even in Aus the percentage of LABOR (wages) in 2010 dropped to all time low (in modern terms) to a net $0.54 per $1.00 GDP. The remainder are taxes and profits.

Of taxes ... the Costello 2006-7 Federal Budget was A$220billion .. I hear recently that Labor's 2011-12 Federal Budget is close to A$400billion .. I ask HOW can our Govt increase the public spend by 100% in just 5 years ???

Of Corporations/Banks PROFITS ... well nothing surprises !!!

I am reminded of the issues leading up to the French Revolution ... and wonder whether in years to come we might look back on the 2010's and the Capitalism Revolution.


Cheers ... tight stops.