Or in Victoria they raised taxes to cover cost blowouts on major projects where build costs have been forced up by a certain union imposing their own “tax” amongst other inefficient building and project management practices
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lol.
They could have put two bob on every sugar drink for the same return and we’d all be…yeah…fair enough…
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Didn’t we add 10c per bottle / can already?
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Can’t say I noticed.
Which is kinda the point.
Solo cans are still less than $1 per can for ten, so I don’t think it’s been That heavy.
Personally, I think we could maybe stretch to $1.20.
As in other countries, maybe cost builds have something to do with the Russia Ukraine War, Black and Red Sea shipping disruptions on top of goods; skills shortages, a post Covid catch up?
Build costs and housing crises, cost of living aren’t unique to Australia.
Just because Jane Hume says something doesn’t mean it’s true.
Might be being controversial, but are the gen pub in Australia not going Hooray about a stock market crash?
Edit: probs the same as renter vs landlord silliness but just on a level I don’t get.
Seems like it would help, and it’s not terrible to see the top end taking a bit of hurt, but as I said…disaster generally isn’t good for anyone.
Actually I have given up caring. We get the Government we deserve.
No Australian Government Federal or State have progressed the economy and made taxation fair and reasonable. Voters are either stupid or just do what they told, hence no incentive for any politician to push tax reform as they will never win an election. Some say Hawke/Keating progressed our economy, but to the detriment of working class people.
It all just adds to my depression about our footy team.
No, you don’t get to say that.
They didn’t bring that to the election.
The voters didn’t choose it.
They just did it.
Nothing to do with the voters.
But it might be yet.
Which stock market?
The ASX is up 6.5% for the year.
The SP500 is up 12% for the year
FTSE 100 is up about the same as the asx i think.
Anyone who thinks housing should outperform equities in the long term has got rocks in their head.
Yet thats the big bubble being brewed here.
Should have added, how farking obscene is it for the farkers who run our economy (RBA) to deliberately run people into unemployment to lower inflation. All with approval of Government
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I mean, I’m not an expert, but this doesn’t seem all lovely jubbly.
Australia’s share market has suffered its worst day since the onset of the pandemic as fears of a US recession prompted investors to exit their positions, erasing more than $100bn in value from local stocks.
A sea of red overwhelmed the local market on Monday, with the benchmark S&P/ASX200 index down by 3.7% to 7,649 at the close.
The losses over the last two trading days equate to $160bn, according to calculations by the Sydney-based Ophir Asset Management, with more than $105bn shed on Monday alone.
You can just imagine how our hard-working party boys would respond to that.
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Inflation is giving more people a pay cut than any one else.
And if its external factors maybe thats the cost of acting on climate change and whatever the real economic causes of the wars raging around the world.(which arent good for business unless your well arming someone else…funny eh)
So a few day traders are weeping.
Look at where the markets are for the year.
Like nearly every other year. Up.
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Nearly every other year.
Tends to tank once a decade.
When was the last one?
Hey! Look at me!
I’m am ecomonist.
In the last 42 years, there have been approximately 4 bear years and a total of 38 bull years
To be an economist you need to float a theory of why that is. But the catch is your theory is actually just swipe at some other economists theory on the same data.
Dude.
I said I’m an ecomonist.
Once every ten years.
Because.
Edit: I mean we tanked one year because Russia and don’t tell me that was real. It was just time.
Well, I doubted you were an economist, but the edit has me convinced.
What is an ecomonist ?
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