New Poll: VIC LNP 37% vs VIC Labor 28%, page-119

  1. 1,961 Posts.
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    looks like we have another graduate from the ALP school of economic mismanagement. If you can convert a 1.2 billion revenue stream to 41 billion today. You should do it every day of the week. If you invest 41bil today on term deposit. The lowest interest rate of 6% would get you 2.5 billion of interest per year alone. and if you have invested in CSL, the worst sale of government asset in Australian history. The 41billion would have turned into 410bil in the last 10 years. So there was no reason for the government to own such a poor asset. as for the ALP sell of the CSL, Keating sold it for 76c a share (after share splits) in 1994. As of today it is worth $310 per shares that is 410x higher. If you want to talk about a privatisation mistake. Start with that one.
 
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