ScoMo had done the 3 card trick, IMO. He has announced the good news....the Nuke Powered Subs and being in bed with Uncle Sam & John Bull but he hasn't mentioned the 3 vital pieces of news: (a) how much will they cost (b) how/who will pay for them (c) what is the actual cost of dropping the froggy jobs (ScoMo was treasurer when the Froggy deal was cut & he should know what the exit fees are)
Re (a). IMO they will cost $200 Billion...that's $10 billion a year of extra ax over 20 years
Re (b) IMO corporate Australia & the Multinationals should pay because the average Aussie does not own Australia's chief economic assets. These are predominantly foreign owned.
Re (c) We have been told that the Froggy sub dal of which ScoMo was treasurer when it as cut costs project to date $2.5 billion with a termination penalty liable to be 105 of the project or an extra $9 billion.
Suggestion to finance the subs & pay down sovereign debt via taxation: -that multinationals are taxed on turnover not their "declared profit" which can't be verified -that there is a death duty/inheritance tax implemented similar to the USA & UK @ 40% (if its good enough to get into bed with Uncle sam & John Bull with the sub deal then surely its good enough to emulate their tax system to ay for the subs.
Taxation summary: Taxing the Multinationals on turnover and tightening up other corporate tax loopholes would yield at least $30 billion a year and the death duty/inheritance tax would likely yield another$30 billion; enough combined to finance the Subs and to pay down sovereign debt over 30 years.
Now that would be a reasonable plan to take o the electorate rather than spruiking the merits of the subs without mentioning who is going to pay or who is going to ay down our mountain of debt.
## IMO there would be poetic justice here in taxing Multinationals because US owns most of our big businesses and they are selling us the Subs retail no doubt
