So no response to dumbass dictator Dick from Qld?, page-104

  1. 2,375 Posts.
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    Heading down these rabbit holes can indeed get very obscure and there are entities willing to obfuscate who holds what. Don't disagree on that. But there are also Aussie individuals who utilize these arrangements for various reasons. It's a mix of both.

    Same with how those BlackRock and vanguard holdings are actually for the ETF's, which are owned by super funds, which are owned by Aussies.

    The entire thing is one big loop and one could argue intentionally set up that way. It's not so black and white, but one thing is for sure. BHP is not 90% foreign owned. The number may vary but just on the super fund holdings alone we can see it does not pass the sniff test. I read the paper that claims it, the methodology relies on counting these custodians and all institutions as foreign. See the AFR article above for why BHP is the #1 investment they own.

    That being said I'm far more concerned with the agricultural takeovers occurring recently. Often by private companies. Why is all the focus on companies like BHP which are nowhere near such a big deal.

    Or why is there not more focus on the waste from government? Surely left wing people here can agree that the libs wasted a ton of money. And surely those on the right can agree labor has done the same?

    It would be a far more reasonable proposal to fix the waste first, then worry about getting additional tax revenues. It's like trying to fill your car with fuel when the engine's running on half the cylinders.
 
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