Lets be frank:
1. Australia's economic growth is been driven now by a falling savings ratio and immigration.
2. What a stock market analyst says is irrelevant to ordinary Australians. The increase in company profits are not, repeat not, flowing thorough to increased wages but to offshore non-residents. Furthermore tax leakage by multinationals moving profits offshore, albeit sourced in Oz, through tax minimisation schemes are also impacting the budget (as is spending). If the government grew some balls and taxed the income properly by ensuring income sourced in Oz is taxed in Oz correctly (by closing off the tax minimisation schemes) would help build iconic infrastructure, where those funds can be directed. Singapore is not a miner but yet mining companies want us to assume that they mine in the Caymens and Singapore LOL
3. Low interest rates are also a sign of a sick economy too. If interest rates grew just 2 percentage points Australia would be a disaster given how mortgaged to the hilt most Australians are caused by housing unaffordability. The income to house price ratio has grown from 3 time in the 1980s to more than 10 times in some Australia cities now, and more than 5 times in the rest of Oz capital cities.
4. So yes I stand by my post. Australians are feeling vulnerable to be frank and a stock market analyst does not represent ordinary Australians. The LNP need to win back the middle class and I doubt they will while they play with essentially laiser faire and policies whilst the electorate feels vulnerable, with most not receiving a payrise in years whilst watching their cost tof living explode and been locked out of the housing market and/or been mortgaged to the hilt.
5. The Nationals have been the lap dogs of the LP and have failed to represent regioal areas. Coles and Woolworths have also run rampant and farmers and workers in regional areas continue tosuffer.
I think I have said enough. The LNP will lose government because they have not represented their core base - middle Australiawith middle Australia andswinging voters moving to theALP. I is about policy and removing undcertainty to working families, something the LNP has failed to do and infact has increased uncertainty given where wages have gone.
