We have to have a second look at how our tax system works and why we have such extreme wealth and relative poverty. The past month's sackings and redundancies should be an epiphany for our working class who have been kept og the edge of poverty for generations but too proud to object. We need to take a page out of the French Farmers and Yellow Vest workers play book and hit the streets once this sinister virus eposode simmers down.
Its simply not right for a working person shell out up to 40% of disposable income to put a roof over a family. We are a wealthy country but unfortunately that wealth is ill divided. Just have a Captain Cook at the Real Rich:
For example Ms Reinhart's $15.3 billion (skimmed off our iron ore resources) would buy 30,600 average Aussie houses. But what do we get: a arrogant family with unreal sense of entitlement squabbling about the loot and the average Aussie dreaming that one day, he or she will be up there (" thread lightly or you thread on my dreams" WB Yeats) We dont have an Australian Dream; instead we have an Australian fantasy!!!
We have also allowed Local Governments to charge up to $80K in subdivision and building planning fees and then stiff us with rates based on the inflated house price ( and dont mention the GST)
There are many Government policies to address this broadening void between the Uber Rich and the average working class poor and perhaps a start would be to only refund GST business inputs in proportion to that enterprise's Aussie ownership regardless if whether the end product is for export or local consumption.
We simply have to be smarter in how we do Aussie buisness and not allow the Multinationals outsmart us in how they do business here.
For example , multinationals who use overseas marketing hubs to minimise their Australian FOB price are simply outsmarting us by a form of global profit shifting (transfer pricing. For example BHP, RIO & FMG have marketing hubs in Singapore while Glencore has its marketing hub in Switzerland.
The question is, are they outsourcing labour or are they outsourcing profit???
Our GST refund to Multinationals is, IMO, $30 billion + a year! That would build 60,000 homes for our youth a year. Perhaps some on these threads think that we shouldn't put Australia & Australians first?
