Yes
Which should instead be changed to the headline:
““Shares fall to levels not seen since January”"
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Ahh fk, I missed that spelling.
Well played Wim. Well played.
They had a 9 month bear market 2 years ago in the US. Not sure where our stock market went probably similar
Also tax on wealth like land tax is much more productive than just tax on income.
Income tax is a tax on hard work.
A tax on land is a reminder to go out and work.
Not just rent seek on someone else.
and have bounced back for the most part over the next few days
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Morrison being cross-examined in the Reynolds/Higgins defamation trial. Sounds like he’s approaching it with his customary honesty, humility, and forthrightness.
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Speaking of economists , Stiglitz was on q and a last night.
Not that the dimwit host used him well and instead we got a half hour of jacqui lambie outrage, anyone but my fault Shorten and pearl clutching from jane hume.
i think Stiglitz main contribution was that the RBA is wrong they should not be in a tightening mood.
The man who championed transitory inflation which led to the same federal bank(s) to not raise rates when the mess started with inflation.
Im not a nobel prize winning economist but I do know this bloke likes to cherry pick the news in retrospect to support his arguments. Probably like most economists.
Someone who gets paid to make predictions they get 8/10 times wrong…
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Wasn’t too flash in 2020.
And the crash…or correction…was 2 weeks’ish ago.
It’s been clambering back slowly most days.
Might belong in hot takes, but I think its evident on the lack of mens success at the Olympics that our male athletes are underfunded.
More money for mens olympics sport is required.
Nope, they are just ■■■■■■■ like Bomber players. Hate getting hurt.
Did you watch the 1500 and 800 metres men’s running, they were all weak.
In all women’s events they gave it everything, and yep many got run out in heats but they gave it their all.
There was a ‘thank you Gina Reinhardt’ long post in my LinkedIn this morning. About 20 comments that were beyond overwhelming glowing, zero negative.
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Sounds exactly like Linkedin
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Bill Shorten is saying that FTA television will die without gambling advertising and John Howard is saying we need to ban all gambling advertising completely.
What a strange world we are living in.
Bill knows who pays the bills.
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Let FTA die, it’s a cesspool these days.
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Interesting.
In NSW it looks like the land tax threshold is a little over $1 million dollars of capital unimproved value?
In Victoria, it’s $50 thousand… (which might buy you the letterbox of most properties these days) .
And now there’s another “vacant land tax” in addition to the above Land tax , which starts at 1 percent of the Capital Improved valuation and can rise to 3 percent after three years.
Not sure NSW and Vic are remotely comparable on this.
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For sure. Bill’s worried about the donors, though.
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Someone who thinks DNA is the National Dyslexic Association.
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Your such an arse hat.
Everyone bar probably Raygun deserved to be there.