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

Morrison's utegate economy, page-2

First 2 Last

Share
Profile

Follow
Marketinfo

34,893 Posts.

193

11/06/21

18:44

Post #: 53803104
Share

Originally posted by Lapdog: ↑

We now learn that Morrison has created the illusion of GDP growth by allowing people to claim accelerated tax write-downs for their whopping great dirty diesel guzzling SUVs - to the tune of $12 billion per year and accounting for the overwhelming majority of new vehicles registered in Australia.

After killing off Australia's car manufacturing sector, not only is Morrison backing Old King Coal and filthy fossil fuels to the detriment of renewables, he's sending Australia broke to create the illusion of growth in Australia.

Of course the harsh reality is that all Morrison has done is increase Australia's debt to a whopping $Trillion. Unfortunately for we Aussies, he's failed to invest that taxpayers' money in enterprises of the future - such as increasing human capacity via support for public education.

It's a disgraceful scam that will deliver Australia a future to match that of 1960's Cuba - derelict old diesel utes driving on our streets and choking our cities with fumes as intelligent countries like the USA and the UK opt for massive investment in EVs and systems to support them.

Expand

It must be a Full Moon.
7 Upvote

Reply

There are more pages in this discussion • 12 more messages in this thread...

First 2 Last