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The great Aus wealth divide, page-24

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moorookamick

23,171 Posts.

769

13/04/24

10:58

Post #: 73327540
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Originally posted by moorookamick: ↑

The country owes its wealth to immigration, particularly
the post WW2 Baby Boomers. In fact Aus is grossly
underpopulated for the size of the country due to the
White Australian Policy 1991 - 1960s.

This is why Canada has 10 million more than Aus despite Canada having a hostile climate
and less natural resources.

The current bout of inflation has been caused by the spike in energy costs due to
the silly Ukrainian War and, IMO, the sooner that that is settled, the better it will
be for Aus and working class PAYE Aussies in particular (those sub $150K P/A)

Had we followed Saudi Arabia & Norway in the early 1970s we'd likely have
little or no personal income tax now (Saudi Arabia has no personal income tax since 1973 !)

And we think we're smart...eh?

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Correction: 1901-early 1960s

PS: In the 1850s the State of Victoria has a bigger population
than that of California!

Last edited by moorookamick: 13/04/24
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