Sold and leased back with ownership reverting to the government.
Labor was broke and this was just one of the funny money schemes they came up with.
Another was to sell off the police owned properties in Ferntree Gully, Boronia and Bayswater, pocket the money into general revenue and lease a building opposite Knox City moving the expenses into operational costs.
If you like we could go into the unbelievable conduct with the railways and the leased properties around Belgrave.
Lol
Governments of all colour play games with money and assets, and big corporations like BHP and Rio do even more flexible accounting Rorts.
Which water supply was sold ?
I actually donât believe that BHP and RIO skimp on that much tax. Perhaps a little bit for Singapore marketing hubs.
But I believe the internet-based multinationals, those companies that contain much more intangibles, get away with murder.
No idea about tax. but if I organised my balance sheets like they do, I reckon there would be much more scutiny done.
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I am currently not in a position to research in full events that happened under Cain and Jolly but here is a taste of the hell this state went through.
I will bet my left knacker you wonât take off your rose tinted glasses, read through it and follow it up with any research of your own.
Belgrave., take this example.
A man leases a plot of land for a set amount from the Railways to put a commercial building on it.
After putting everything into the business the state government frontsup and declares that because the land is now worth more with the building on it they are going to increase the amount he pays on the lease. As he cannot afford the increase as well as paying off the loans he used to build the property the Cain government auctioned it off. Naturally he could not afford to buy it and lost everything.
That government turned the powerhouse of Australian industry into a rustbelt, a standing joke, it was embarrassing to admit you were from Victoria.
I worked in a toolroom with 30 tradesmen and apprentices, everybody working 48-60 hour weeks.
By the time Cin resigned we had lost 7 toolmakers and one apprentice. All but 3 of us reduced to a 4 day week in order to preserve jobs and prevent further sackings.
It makes me laugh when I hear people making excuses for those incompetent fools, most of them probably worked for or are still working for the government or unions.
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Lol
I do not have to research; I was there. I can give you all sorts of reasons for the financial issues of the Cain Government but you would call them excuses, so I will not bother. Reality is that the ALP were not ready for Government when Cain won, and it was a very divided bunch of some competent, some average and some either incompetent or crooks. Cain was a very weak Leader, and he still would rather people like him than work hard for him. I do not like or respect him. Kirner was a great person, and she was given a raw deal. I could tell you about some of the crooks as most as dead, but I wonât. None still hold any Government or Union office.
Your example in Belgrave sounds suspect to me. I have been involved with many leases of Government lands, and it is rare that they will lease and let someone privately build in it. In any case why would you sign a lease and then spend money on development, when the lease can be changed. Typically under some Government Act, longest a lease can be is 7 X 7 X 7, and in the case of very large investment there has to be an Act of Parliament to approve it.
And to be very fair, the Banking industry is mostly to blame for the economic woes of the time. You could borrow money with no security and little capacity to repay, and thieves like Bond, Skase and Holmes aâCourt crashed many businesses with their shonky deals.
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The one thing in the Cain government that really annoyed me was a story about a photographic company in the northern suburbs that did hundreds of thousands of work for the government, the bill wasnât paid and the company had their overdrafts called in. Cain said heâd help the company be able to pay off their workersâ entitlements. I thought they should have just paid the f**king bill.
They clearly werenât ready for government and thought wholesale Keynesian economics was the way to go via the VEDC.
There were some terrible stories of utter corruption.
I note that Mike Fitzpatrick was a key player in the governmentâs economic management. I donât know if he was involved in the corruption or not.
I donât remember the details of Tricontinental, which I believe was the cause of the collapse of the State Bank.
35000 homes currently without power in Melbourne.
Fortunately for the Greens, the air-cons are working fine in Northcote and Brunswick.
Only impacts plebs and bogans in Geelong and Frankston area.
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I know, Iâm soooooo with ya Trip⌠Stuff them old clunking coal fired plants fking up again eh? When will the power Dinosaurs get it through their thick fking heads right??
We need way more renewableâs to stop this shitt happening. Damn it!!
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However, good news to report.
Dear Leader Dan was getting a bit hot at the tennis but luckily the air conditioning has been turned on so he and his mates can enjoy the entertainment in the comfort deserving of them.
Itâs at a gripping moment in the 2nd set so can everyone please hold off on any complaints until after the match.
Must have solar and batteries at Rod Laver eh??
Nice. Donât have any problems when you have that set up.
Stay cool Dan. Letâs just hope Guy is sweating like a pig though eh Trip? Onya mate.
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Dumb.
Just dumb.
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Ah, so is this gonna be like the Adelaide one where it wasnât the actual power source itself, but the lines being damaged?
But yeah. COAL COAL COAL.
Damm the plebs complaining about having no power. They just donât know whatâs good for them.
Yes, and Santa Clause is real
What stupid â â â â has Trump done now that youâre trying to distract us with âoh my gawsh, Premier of Victoria attends the Menâs Final of the biggest international sporting event in the state, on a Sunday night!!!1oneâ?
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Fking spoiled brats with all their electricity and stuff, right??
I agree. Much more important to tweet about Gay Pride events and attend the tennis today than deal with potentially life threatening power outages.
Update: Sunshine and Altona without power now. They probably donât need it out there anyway.
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So itâs your position that leaders should attend national emergencies?
I mean, which this isnât, but still.
You think thatâs what leaders should do?
Youâre so full of crap.
Never happened.
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