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.
https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1 ##
https://www.abc.net.au/news/2020-12-10/ato-corporate-tax-transparency-data-large-companies-pay-no-tax/12967064Re (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.
https://australiandebtclock.com.au## 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
