How broke are Australian States

Discussion in 'Australia, NZ, Pacific' started by billy the kid, Jun 11, 2019.

  1. billy the kid

    billy the kid Well-Known Member

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    https://www.news.com.au/finance/eco...t/news-story/d000663ddcd5d09652766110f0c2d94e

    It wasn't that long ago that the thought of amalgamating South Australia and the Northern Territory was being thrown around....
    Don't know how NT could go broke...all you need is a croc cull every couple of years in Kakadu and sufficient gaols to house the indigenous crims….simple..
    But then again, South Australia has been sorry arsed broke for years, so maybe it'd be a good idea....
    Maybe the polished turd that just announced the Qld budget could be approached for some advice on how to run a State...but then again isnt Qld is fast becoming the Illinois of Australia, what with the plundering of the Qld Super funds and the selling off of all Qld assets etc etc...so maybe approaching Qld politicians isn't such a good idea....
    And of course, Qld, like Victoria is raising taxes to compensate for all the revenue lost in stamp duty for real estate transactions which aren't occurring any more....
    But but but.....isn't Australias economy going gangbusters......
    This country is fuked and the politicians keep on lying about the economy, the unemployment rate, and where the money is being spent...
    And the moron that runs the RBA comes out and reduces interest rates to increase inflation...meaning he wants us all to pay more for everything...and the politicians get a pay rise...at the same time weekend penalty rates are being cut...
    Oh but didn't they just put up the minimum wage....
    Does anyone know what theyre doing.....
    Oh yes...stimulate the real estate market so the elites and the oligarchs investment
    properties increase in value...great stuff...
    Will the reduction in interest rates be of any benefit to anyone....of course not....
    But watch the rates go to zero within a few years as the worldwide economy resets....
    No government in Australia really knows what theyre doing except legislating for the oligarchs and the elites.....
    And we still have the bank bail in legislation to take our bank deposits from us.....
    But I digress....
     
    Last edited: Jun 11, 2019
  2. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    :lol: so Northern Territory who has to borrow money to pay public service wages and interest on its debt, wants to merge with South Australia... but Central Australia wants no part in it...

    [​IMG]

    Well Victoria is blowing their budget with big infrastructure spending, although the timing is probably right on the money with residential construction very weak in addition to a weakening economy
    [​IMG]

    https://www.theage.com.au/politics/...ion-boom-comes-at-a-cost-20190610-p51w5d.html
     
    Last edited: Jun 11, 2019
  3. billy the kid

    billy the kid Well-Known Member

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    And part of Victorias money grab is their new luxury car tax.....
    But but but...wasn't the luxury car tax originally introduced into Australia to protect the Australian Auto industry......which we now haven't got...so why hasn't the tax been abolished completely, instead the Victorian government plunders their citizens further by increasing the tax.....what a joke....
    https://www.penfold.com.au/blog/new-luxury-car-tax-to-be-introduced-in-victoria-from-july-2019/
     
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  4. Bush Lawyer

    Bush Lawyer Well-Known Member

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    Every Government...including Federal.....just keeps borrowing money on the never never. Has to stop.
     
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  5. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    I own a ute with winding windows, a terrible audio syatem, plastic flooring, no A/C as standard, no ABS, etc. It is hit by the luxury car tax. Absolutely ridiculous.
     
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  6. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    mine probably will be too it's almost antique, actually it is antique... just over 25 years old BMW ... I love my car, but how can they justify luxury car tax on a car this age... come on. My rego is almost $800 a year it's ridiculous
     
    Last edited: Jun 14, 2019
  7. billy the kid

    billy the kid Well-Known Member

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    https://www.caradvice.com.au/381125/luxury-car-tax-four-things-you-might-not-know/

    I think this covers it, although the link is 4 years old....
     
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