home prices sink forever, page-5

The strength of our nation is based upon our capital base which is established from saving.

Australia's wealth is distributed to the poor (contrived poor) by high taxation, leaving little to save.

By comparison, lower tax rates in Asia have permitted many to hold a capital base. They come to Australia with money on which they have paid little or no tax and they are picking up our property and businesses.

Unless we get rid of this welfare state mentality, we are locked into a decreasing living standard in every respect, including the fact that many of our children will never be able to own a home of their own.

Australia has become a hand out basket case where politicians of both persuasions, buy votes by taxing everything they can, to change the balance of work and reward.

The voters need to see beyond the next hand out before we loose our workers and our savers.

MT.