Australian Policies -- from October 2024

Just listening to ABC radio. The interviewer questioned Albanese as to whether the burning of the synagogue was an act of terror. Questioned as to whether it was anti-semitic.
Questioned as to whether involving the anti- terrorist people was jumping the gun.
Albo pointed out that it was obviously anti-semetic.

I was amazed the ABC bloke, (Epstein), would question such actions :crazy_face:

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I think we have more in super than the yanks do in 401Ks?

most people are like yeh already own shares in super, so prefer to invest in real-estate or their own business.

A lot of younger people are looking at investing in share market that feel they are priced out of the property market for now.

Why the whole world is suddenly paying attention to Aussie super - Investment Magazine

Under the US system, Fink points out, some 17 per cent of those who do have access to employer 401(k) plans, don’t bother to enrol in them – a fact which he puts down to them just being too busy to pay attention to them.

As Fink notes, the Australian system has meant that Australia now has more retirement savings per capita than any other country.

ā€œThe nation has the world’s 54th largest population but the fourth largest retirement savings system.ā€

As posted previously, the cops aren’t jumping to conclusions. They are working to identify the attacker(s) and the motive behind the attack.
Also to note that there is not a Jewish community, rather distinct Jewish communities.
And no, the synagogue was not burnt down, it was damaged by Molotov cocktails, with some of the congregation incurring burns ( no public info on the severity of the burns, fortunately no one was killed)
It was an incident that has badly impacted on the sense of security of people within Jewish communities ( which hold different positions, including on Zionism and Netanyahu assertions that any criticism of Israel and himself constitutes anti Semitism).

The expert has spoken, close thread.

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Yeah super isnt optional though, you just get it by working which covers most aussies, theres no culture of share investing.

Instead its all about your first propardee on Oz.

It shouldnt be about being priced out of property.

You have property investment brain. We all do.

The tax incentives make it so.

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The latest online ABC report refers to two people inside the synagogue, one who incurred burns to his hands.
Reportedly a witness saw two masked men placing accelerants around the building at around 4.15 am, alerted the police.
The police don’t yet know the type of accelerant. They are trying to track down all CCTV.

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As a Millennial who will likely never own a house……… I have real concerns about the fact in 25 years, I’ll be nearing retirement and still stuck on the rental merry-go-round.

I’m not alone…… from a financial, health and social perspective there will be a generation of elderly people who will be kicked out of their rental property every 12-24 months…… and having to pay extortionate amounts of rent each week.

Superannuation can only do so much.

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Perspectives change.

What if rates were at 2 percent again?

Thats why propardee is probably where it is.

I remember passing on a beach side apartment for 400k about 16 years ago.

Or houses selling for 600k because they were i thought too expensive.

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He’s a weak leader on this problem. He’s pandering to votes in Western Sydney, he ain’t changing…

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Or Dutton and co is playing wedge politics to try and win back certain marginal seats once safely liberal.

Its a bad mix I tell ya on an issue that should be off the table.

What do you want the Government to do? Arrest everyone who supports Palestine

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You and your generation are paying the price for a decade plus of greedy stakeholders, all of whom didn’t want to deal with the elephant in the room, that it was ok if their property value wasn’t going up for a period of time. Except Bill Shorten, credit to him for having a go. But as expected, he lost an election over it!

And yes, this coming from me who in other posts have bemoaned Victoria’s market not keeping pace with other markets around the country. In this context, it’s not a bad thing. Problem is, it’s government inflicted and at a time when the horse has well and truly bolted…,

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So how does a democratic government in a capitalist economy stop idiots from paying too much for property

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For a start, let’s revisit government responses to the Sydney Opera House disgrace after October 7th. Governments were weak and frightened to take strong action against that mob when they needed to and had a chance to establish ā€˜rules’ of how these protests are dealt with. Yes, governments were weak.

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What Opera House disgrace?

Do what Bill Shorten tried to do… I thought he was courageous, albeit it was too late anyway but he deserved credit for trying to do something.

The protest from all those antisemites joyous over the October 7th event.

Stopping negative gearing would do nothing to stop the crazy prices people pay for properties

Distasteful as it was, it is part of a democracy which allows free speech

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cracking down on Money laundering.
stop foreign ownership of residential premises.

maybe restrict it to NZ & UK & AU Only.

have stricter lending provisions, not weaker ones.
Scrap part govt ownership if cant afford a house.

overall town planning needs to get smarter for expansion of regional areas.

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