well, I wouldn't lose any sleep over it - because I think that in the near future we are all going to have a very different financial/economic world --
a world in which, I am not even certain if money will exist - let alone debt (or all as we know it).
this current debt thing ---------- Australia is a good example I reckon - unless we have one hell of a mining boom - in Australia - then, I can't see how our debt will not just continue to grow.
Both sides of politics to me (ok, it's arguable) - sound like they just can't get a handle on debt --
it's not the expenditure side that's the issue - it's the receipt side - they have no answer for that - not without another boom in mining - which, they may well spend a long long long time waiting for this time - because mining has gone though one hell of a change in the last years - and, the game is a very different kettle of fish now for Australia.
The other possibilities are via royalties via technology and things like massive development through technology industry or say turning us into a financial hub --
but, on the latter ------ na ----------- Asia have got us covered there - they are too good, too big, too fast -
and, with the former (technology) - we are doing all the wrong things - cutting education, not backing technologies - we are just really nailing the coffin down.
But, I am only using Australia as an example -------- the reality is that no one is going to escape the social and cultural changes of the next 2 decades ------- and, if anyone wants to argue that things won't come quickly - well, fair enough - so, instead of looking 20 years down the track - then look 50 years down the track -
how many human paid jobs will be around in 50 years??????
Zip -------------- so, no income -- means, no income tax.
No income means - no expenditure - which means - no commerce - which means - no sales tax - no gst's - no nuttin
So - it cannot be that way - so, it has to be some other way.
What?? ----------- we wait.
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