wages in australia are simply too high!, page-39

Well said drarthur,
In an economic sense we are drowning in a sea of entitlement.
In the end the international market place will adjust our wages , our dollar, and our standard of living. It might not happen for a year or two but when it does it will be savage.
Right now we are slowly but surely pricing ourselves out of the market and because we are not a manufacturing country we will have little to fall back on.
For the first time ever , we have a generation that can't afford to buy a house. This has happened for two main reasons. We have state Govts that simply do not release enough land. Secondly , we have negative gearing AND a fifty percent tax break on capital gains for assets held for more than twelve months. This is totally wrong, particularly when you consider that Australia has more land per head of population than any other developed country.
The media and politicians are all focused on mining etc , wanting to tax them more "because it is a finite resource that belongs to us all". Well duh ?? What about land ? We have billionaires that have made their money from real estate and development, ....all off the backs of a struggling younger generation.