My comment is not having a dig at welfare recipients, my comment is directed at the idiotic Labor government policy to further stoke inflation pressure by giving people more money under the guise to reduce increased cost of living. So Australia's Federal Government is making inflation worse, thus perpetuating further interest rate hikes driven by the RBA having no choice to tighten monetary policy. Eventually this will kill off the working class, cause mass unemployment and create more welfare recipients, small businesses will be hollowed out even more than what covid lockdowns did, the government and big corporations will take more market share.
Australia and Canada for that matter with left wing governments are headed for an outcome like we saw unfold in Venezuela.
Have fun in Canada.
CBA Price at posting:
$97.95 Sentiment: Buy Disclosure: Held
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