It's the economy, stupid!

 
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Still waiting for your retraction on Finland!
Look at how Finland taxes the ultra-rich.

Still waiting for you to make the link between the property bubble and completely irresponsible bank lending in Australia.
Overall Singapore, I've never felt repressed and most people shouldn't unless you like spitting and painting public buildings.
So you've visited several times and never felt oppressed, great to hear. It's exactly the same thing as living there isn't it.
40% increase of 1.5%, what a surge. Ahh media dramatisation. How many actual mortgages in Perth. 200,000? That's about 1000 mortgages.
Your maths are dreadful. Do your theoretical sums again and tell me the actual answer.
don_dunstan
Ok how does Finland tax the ultra-rich which again is still a very much minority compared to the bottom half of the income pool.

Never said there wasn't a real estate bubble in Australia, do you see me investing in Australia real estate? Not a chance.


Been there many times, have relatives that live there since birth. Surely if there was something, anything, just one thing oppressive I would have noticed by now.

Guess was there 200,000 properties are mortgaged.
1% = 2000
0.5% increase = 1000 properties

Sponsored advertisement

  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
My adopted home is my adopted laws.
Alright, I think you need to consider that this naive idea is at the very nub of your problem.

You seem to think that even though you are in an undemocratic country that you will be able to avoid any issues if you manage to stay out of trouble and respect the local laws of that place; that the only people who actually get sent to jail/persecuted in places such as Singapore or Dubai are the ones who intentionally set out to make trouble. The problem is that it doesn't occur to you that you don't have to set out to rock the boat in order to land yourself on the foul side of authority.

You could find yourself the wrong side of a corrupt cop, get set up by an enemy, in a clash with someone influential or just in the wrong place at the wrong time. Or your family could do something wrong that's beyond your control - like the family of the 16 year old kiddie in Singapore who got sent to jail for a month not long ago for posting a hand-drawn picture of Lee Kwan Yew have sex with Margaret Thatcher. His case went all the way to the Singapore High Court and yes, they upheld the sentence. Yes, the Singapore government are really that paranoid and pathetic - and they send children to jail for things like that and they do it all the time, not just to make examples of random miscreants spray painting buildings or littering.

So much as you might think that those kinds of countries are hunky dory as long as you keep your nose clean, don't always bet on being on the right side of these people despite your best intentions... and if you do end up in trouble their idea of justice is a long, long way from our own.
don_dunstan
No, I know the longer I live here the more likely I will have a run in with the law through an oversight. I also know that as a guest in any country it is up to ME to confirm the laws of land and how they vary from Australia. Smarttraveller is a good starting place. The reason people travel is to experience a different culture. If you want the same as your own backyard, go to Whyalla.

Australian media, usually ACA or TT are very good at finding one basket (usually after money) case example, often with half the facts missing and blaming the "countries draconian laws". Get behind the story and you find its not as it seems. ever thought Foreign nationals travelling to  Australia are not having the same issue???? No, don't answer because I know you didn't even think of it.

Yes, Singapore, the UAE and every country in the world has different laws to Australia, Surprise! Rule of thumb, when in doubt ask, if still in doubt don't go.

Now, go to Rugby 7's in Australia.
What is the alcohol available, plastic cups, mid strength, 2 at a time limit. Would there be a fight, likely!
Go to Rugby 7;s in Dubai,
What is the alcohole, anything you want, nothing with low alcohol, no plastic cups and no one is counting what you drink.
Is there a fight, not a chance in hell. If you bump into someone. They are more likely to introduce themselves. If you bump someones drink, your probably drinking buddies by end of night.

Is there any place in Sinapore or Dubai/UAE where at night is a no go zone. Nope! What about Australia????

The 16 year old kid broke the law, under Singapore law the juveniles parents are legally accountable. I don't have an issue with this. And yes the 16 year old should also be held accountable. its normal for foreign nationals to be held in prison/lockup once an offence is committed to make sure they don't flee the country. Honestly again, really have a good look at what Aussie law does to foreign nationals compared to Australians.

Dubai and Singapore is full of foreigners, in Dubai its 85% expat, all on the equivalent of 457 visas. Yes the average Aussie would turn over in their grave at hearing this. Despite their different laws to Aus, most manage to live and thrive here without run ins to the law. In return, the place is ultra safe etc etc.

Residents of the rust belt suburbs unlikely to understand as most won't travel more than 30min from home to find a job. Working OS requires a very different mindset from the bubble wrap society.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
The 16 year old kid broke the law, under Singapore law the juveniles parents are legally accountable. I don't have an issue with this. And yes the 16 year old should also be held accountable.
RTT_Rules
I thought you'd probably agree with the jailing of a 16 year old for drawing a political cartoon.

Shane, it's been fun but I think your world view is very peculiar to say the least.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
China's iron ore inventories (at ports and in storage) soar to record highs, nearly double what they were at the last peak. You have to wonder why they're hoarding such large amounts - do they expect a trade war or disruption of some sort?

Meanwhile it's looking increasingly likely that Australians will be allowed to draw on their superannuation funds despite neoconservatives like Paul Keating labelling the idea as outrageous and likely to cause hardship and even higher house prices in Sydney and Melbourne (New Daily):

Mr Keating argued the idea would rob younger Australians of a large block of savings at the end of their working lives, and make houses even less affordable.

“Were the government to proceed with this irresponsible idea, it would potentially destroy superannuation for those, in the main, under 40 years of age, while at the same time, driving up the cost of the housing they are seeking to purchase,” he wrote.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
The 16 year old kid broke the law, under Singapore law the juveniles parents are legally accountable. I don't have an issue with this. And yes the 16 year old should also be held accountable.
I thought you'd probably agree with the jailing of a 16 year old for drawing a political cartoon.

Shane, it's been fun but I think your world view is very peculiar to say the least.
don_dunstan
What I said above is I don't have an issue with the legal process being followed for breaking the law of the land his family choose to live in. Overall I can never support anyone breaking the law of the land, regardless of the land and expect to simply get away with it because we think its ok, otherwise you are invoking anarchy and basically at the same level as these FW's who are causing problems and deaths in EU, UK and Syria/Iraq etc applying your beliefs to someone elses society.

If you don't like the rules, simple don't go. This doesn't mean you have to agree with them, I don't know the full story behind this kid nor do I really care and won't comment but I don't agree with many of the rules in Dubai either and for that matter Australia before I left and probably more so now with my more worldly eyes on.  

The world is full of expats in other peoples jails and you cannot just have excuses, "oh, they didn't know", we don't accept it in Australia, so why should Singapore. Roll the calendar back we have that Australian twin brother executed for drug smuggling and before that the american kid flogged for graffiti. These guys got a slightly smoother ride than their own people would have, but political influence from your home countries leadership only gets you so far. In both cases do I agree with the outcome, no.

Meanwhile Australian law basically allowed Mons to kill two people in the Lindt Cafe, yet the Iranians wanted him back and excessive tolerance allowed a young kid to shoot a guy on his way home from work in a public street.

Security is a major issue these days everywhere and not surprising the more controlled states are doing better than more open/liberal states. And I'm not just talking about ISIS or what ever is next, talking drugs everything. Honestly I see western countries allowing more security over time to curve violence and terrorism.

Don, my view of the world is from one who visits at least 1 new country a year and lived in 2 countries outside Australia in last 8 years, not from one looking at the world through a PC screen. You may call it peculiar, most call it experience.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
China's iron ore inventories (at ports and in storage) soar to record highs, nearly double what they were at the last peak. You have to wonder why they're hoarding such large amounts - do they expect a trade war or disruption of some sort?

Meanwhile it's looking increasingly likely that Australians will be allowed to draw on their superannuation funds despite neoconservatives like Paul Keating labelling the idea as outrageous and likely to cause hardship and even higher house prices in Sydney and Melbourne (New Daily):

Mr Keating argued the idea would rob younger Australians of a large block of savings at the end of their working lives, and make houses even less affordable.

“Were the government to proceed with this irresponsible idea, it would potentially destroy superannuation for those, in the main, under 40 years of age, while at the same time, driving up the cost of the housing they are seeking to purchase,” he wrote.
don_dunstan
There is a very strong industrial rumor the Chinese govt is about to direct a number of industries to shut down permanently to curve pollution. The aluminium sector is expecting 3.5MT of production to close.  It maybe the industry can close once its used its raw material inventory?

Or they are expecting prices to rise as they have over last 12mths.

Super is for old age. Allowing its use in the real estate market before just pumps in more money to push up prices more and leaves them in old age with less money to fund themselves making them dependent on the OAP and we are back to the unsustainable situation where welfare is rising beyond 20% of the budget.
  YM-Mundrabilla Minister for Railways

Location: Mundrabilla but I'd rather be in Narvik
China's iron ore inventories (at ports and in storage) soar to record highs, nearly double what they were at the last peak. You have to wonder why they're hoarding such large amounts - do they expect a trade war or disruption of some sort?

Meanwhile it's looking increasingly likely that Australians will be allowed to draw on their superannuation funds despite neoconservatives like Paul Keating labelling the idea as outrageous and likely to cause hardship and even higher house prices in Sydney and Melbourne (New Daily):

Mr Keating argued the idea would rob younger Australians of a large block of savings at the end of their working lives, and make houses even less affordable.

“Were the government to proceed with this irresponsible idea, it would potentially destroy superannuation for those, in the main, under 40 years of age, while at the same time, driving up the cost of the housing they are seeking to purchase,” he wrote.
There is a very strong industrial rumor the Chinese govt is about to direct a number of industries to shut down permanently to curve pollution. The aluminium sector is expecting 3.5MT of production to close.  It maybe the industry can close once its used its raw material inventory?

Or they are expecting prices to rise as they have over last 12mths.

Super is for old age. Allowing its use in the real estate market before just pumps in more money to push up prices more and leaves them in old age with less money to fund themselves making them dependent on the OAP and we are back to the unsustainable situation where welfare is rising beyond 20% of the budget.
RTT_Rules
Talk about shooting themselves and the community in both feet now and in the future.
This is madness therefore it will happen.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Don, my view of the world is from one who visits at least 1 new country a year and lived in 2 countries outside Australia in last 8 years, not from one looking at the world through a PC screen. You may call it peculiar, most call it experience.
RTT_Rules
Shane, please dispense with the attitude. If you can't play nice then don't play at all.
  kitchgp Chief Commissioner



.........

Ask the average politician why he or she gets paid so much and the first thing he or she will say is "I work on Saturdays and Sundays".
"kitchgp"



Minister Michael McCormack invokes penalty rates to defend generous travel allowance

http://www.canberratimes.com.au/federal-politics/political-news/minister-michael-mccormack-invokes-penalty-rates-to-defend-generous-travel-allowance-20170321-gv3kc1.html

Reading further, a lot of us would say that his benchmarks are overpaid rather than him being underpaid. A simple Google search will find numerous articles on the widening gap between upper echelon and average pay.
  Carnot Minister for Railways

A couple of things caught my eye this morning:

Teachers in Victoria earn a lot more money than I thought they did (and yes, they are mostly hard-working, although some are just Marxist indoctrinators):  
http://www.theage.com.au/victoria/victorian-teachers-win-pay-rise-after-long-and-difficult-negotiations-20170323-gv4r1j.html

Gerry Harvey under the pump from ASIC: http://www.afr.com/business/harvey-norman-admits-asic-is-investigating-its-accounts-20170323-gv4y2o
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Slater and Gordon got a reprieve late last year when their creditors on-sold their debt but it's still unlikely that anyone who invested in the firm will ever get any of their money back - like these people in this ABC piece. Although why you would put your life savings into the float of a slip 'n sue lawyer is completely beyond me.

Impossible to know what's really going on with Gerry Harvey, he may or may not know what's really going on with the share price and if he did know he wouldn't be telling.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Western Australia's new premier takes steps to actually reduce migration to his state by writing to Malcolm Turnbull and requesting that WA is removed from the regional sponsored migration scheme (WA Today). Perhaps they're concerned about the increasing levels of unemployment in the state - almost as high as South Australia now.

Also some controversy about a WA company advertising for "457 only" applications for an electrician job, thus excluding locals from applying. The ad was removed after an apparent oversight but still it doesn't take much to exclude locals from the application process... just don't consider them.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
The IT Professionals Association of Australia says that the 457 visa system is being used to drive wages down in the industry and displace locals from being able to find work (Arnnet):

The ITPA is concerned about the growing number of IT organisations that appear to be exploiting the 457 visa system to displace local workers with internationally-recruited IT staff on much lower wages than would be otherwise applicable, said the association's director Martin Hale.

He cited temporary work data from the government's data.gov.au website which suggests there has been an unprecedented rise in 457 visas being issued to IT support workers over the past 10 years.

The data also found that while the overall number of 457 visas issued over the last decade (excluding IT) has risen by just 2 per cent, over the same period there has been a 136 per cent rise in 457 visas issued for IT workers.

Fairfax's Adele Ferguson also wrote an excellent piece on the weekend about the use of 457 visas in hospitality to entrap and enslave people:

Extortion, blackmail, cash back scams and slavery are happening every day under our noses. They happen in the most unsuspecting places such as suburban restaurants and nail bars. Most suffer in silence.

In some cases unscrupulous employers offer sponsorships to desperate foreign workers in return for payment. In other cases they lure unsuspecting workers into a job with the promise of sponsorship, then they turn on the blackmail dial.

I personally witnessed some of these things myself a few years ago, there's no doubt that it's going on right here in this country. Why is there barely a peep from any of our elected representatives - or the union movement?
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
First home-buyers were actually better off in 1990 when interest rates were at around 17% (remember those days?). So argues Jamei Alcock in this ABC opinion piece:

If mortgage interest rates rose by 1 per cent in 1990, repayments would rise by only 5.7 per cent to $2,923.

For the 2017 buyer on the other hand, a 1 per cent increase in interest rates would see their repayments rise by over 12 per cent to $5,368 per month.

This has the potential to financially destroy first home buyers and, due to the high reliance of the retail banking industry on residential real estate markets, potentially create a systemic financial crisis.

I don't know who he is kidding though, interest rates will never rise again... will they?
  Radioman Chief Train Controller

Dear Don,

457 Visa workers are on a contract and ,as part of the contract , are prohibited from joining a Trade Union and / or work in a non Unionised workplace . I understand it a against the law for a Trade Union to interfere with a contract to which it is not a party .

There is an article in today's The Age Tuesday 28 March 2017 pp1 & 5 , where a Federal Court Justice Michael Jarrett has found that Queensland businessman has employed Vanuatu workers under the Federal Government authorised Seasonal Workers Programme where most workers received are fraction of their entitled pay, some received no pay at all , and food was water was not provided.

The Queensland firm has been ordered to back pay over $ 80,000- to effected workers and fined the Queensland businessman $ 227,300- . The businessman in question has not paid previous fines and Court orders and is not expected to pay this fine or pay the aggrieved workers in this instance either. The business in question is still operating and advertises a guaranteed cheap labour pool . When you do not pay wages I suppose you can honestly advertise that way.

The Queensland businessman in question , on past behaviour , appears to have no intention of complying with either the law or the Court orders . How is it that he , and presumably others , can continue to do this with impunity ? Is this not outright theft and fraud , and therefore a serious criminal offence/s.

Regards, Radioman

PS . On April Fool's Day at the VIc Trades Hall Council a neo communist outfit is having a seminar that among other things intends to celebrate the upcoming 100 year anniversary of the Red Bolshevik Revolution in Russia. Clearly irony is lost on them, Radioman
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Dear Don,

457 Visa workers are on a contract and ,as part of the contract , are prohibited from joining a Trade Union and / or work in a non Unionised workplace . I understand it a against the law for a Trade Union to interfere with a contract to which it is not a party .

There is an article in today's The Age Tuesday 28 March 2017 pp1 & 5 , where a Federal Court Justice Michael Jarrett has found that Queensland businessman has employed Vanuatu workers under the Federal Government authorised Seasonal Workers Programme where most workers received are fraction of their entitled pay, some received no pay at all , and food was water was not provided.

The Queensland firm has been ordered to back pay over $ 80,000- to effected workers and fined the Queensland businessman $ 227,300- . The businessman in question has not paid previous fines and Court orders and is not expected to pay this fine or pay the aggrieved workers in this instance either. The business in question is still operating and advertises a guaranteed cheap labour pool . When you do not pay wages I suppose you can honestly advertise that way.

The Queensland businessman in question , on past behaviour , appears to have no intention of complying with either the law or the Court orders . How is it that he , and presumably others , can continue to do this with impunity ? Is this not outright theft and fraud , and therefore a serious criminal offence/s.

Regards, Radioman

PS . On April Fool's Day at the VIc Trades Hall Council a neo communist outfit is having a seminar that among other things intends to celebrate the upcoming 100 year anniversary of the Red Bolshevik Revolution in Russia. Clearly irony is lost on them, Radioman
Radioman
Informative.

This demonstrates that the country has not reached the maturity to allow 457's for non-skilled/non-professional labour hire as it doesn't have the systems in place to both protect the workers and enforce the law and applies to other areas where ever foreigners are involved.

I'll compare to the UAE as obviously I know it well and 85% of its population are imported workers (like me) or dependents of same.

Most professional workers can look after themselves and their employment is normally via more reputable companies so you need more protection for the unskilled and probably trades.

In UAE, for maids are other like unskilled workers, their contracts must be approved by the local embassy and must meet minimum conditions in regard to pay, health insurance, time off, trips home etc. some set by law in Dubai/UAE, others set by law from the country of origin. If the workers do not get paid, then when their visa/contract is renewed their country will not let them return to the UAE or approve their visa renewal and they must leave or find another employer.

However we still have some employee's being abused (although less than what used to happen) and I would take this further and banned employers who have a history.

Back to Radioman's post, the guy has broken the law and until his workers are paid, he and any company for which he has a directorship in should be black banned from further 457 recruiting. 2nd offence he should be banned for 5 years, 3rd offence, for ever!

Additionally, any company or person he hired these workers out to should also be fined as they more than likely know what is happening and hence places the onus on the principle contractor to ensure his contractor is providing proof of payments.

Additionally again, if the guy is failing to follow a court order he is in contempt of court. Issue a warrant for his arrest and lock the P__k up!

People won't comply with the law when the risk is worth the pain of getting caught. Make the pain seriously painful and this increases the risk to the point its not worth it.  

and finally, 457's should if they wish, choose to be represented by a Australian based union or professional association, legally.
  Radioman Chief Train Controller

Dear RTT rules and others ,

The point of 457 Visas is limited term Employement that can be terminated at any time , therefore even joining a Trade Union will ensure your immediate dismissal and you then become subject to deportation because you no longer meet the conditions of your 457 visa.

It should also be evident that the Justice system of enforcing Court Orders is inherently very slow and time consuming , neither of which is of any help to a dismissed 457 Visa holder.

In Australia , Apprehended Violence Orders are unfortunately renowned for being ignored , hence the reason for serious assaults and deaths of ( primarily ) females , so on that basis how much enforcement of civil , not criminal , based orders is going to take place ?

We can therefore pretty much take it as read that these Orders will not be enforced, that these businesses will not be constrained and this fraudulent activity will continue .

Meanwhile , Trade Unions will still be the focus of the business lobby and the LNP government
( the ALP will probably just ignore it ) for restricting business whist the aforesaid criminal business activity will continue unabated.

Regards a very angry Radioman
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
This demonstrates that the country has not reached the maturity to allow 457's for non-skilled/non-professional labour hire as it doesn't have the systems in place to both protect the workers and enforce the law and applies to other areas where ever foreigners are involved.
RTT_Rules
The extremely high immigration program is the fuel of Australian economic growth and increased profits for large corporates and government mates; not to fill legitimate skilled employment vacancies. They're selling citizenship for people who are willing to go through the process of being exploited and paid nothing through the 457 system or alternatively buying citizenship though buying an Aussie degree or qualification (for those who can afford to do it that way). There's no shortage of applicants because Australia still has one of the best welfare and housing systems in the world and many people overseas are prepared to put up with the exploitation and underpayment in order to get a passport.

Politicians know that we have to keep selling whatever we have left to keep financing our lifestyle so they've been selling citizenship, despite the enormous problems this is causing for the people who already live here.

Gillard gave the game away when she started giving 457's to anyone anyone and everyone who wanted one (KFC and McDonalds) - a policy continued and extended under Abbott. The purpose of the program is to obtain that artificial growth required to keep us out of recession. You can't tell me that with over a million students in post-secondary education at any one time and an unemployment rate of 6% (Roy Morgan says its more like 11%) that we have a shortage of people here that are suitable for training.

The only solution that I can really see is to charge a flat $50,000 per 457 per year. It will ensure that only the highly skilled, highly paid people that they actually wanted for that program (how it originally started out) will come though. No more importing hospitality staff and paying them less than half the award under the table.

and finally, 457's should if they wish, choose to be represented by a Australian based union or professional association, legally.
RTT_Rules
Agree with Radioman, there's no way this could work. Join a union and get your sponsorship cancelled - these people are not afforded any kind of protection under Australian law when it comes to labour rights, that's the whole reason why unscrupulous employers prefer them to locals.
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
Meanwhile , Trade Unions will still be the focus of the business lobby and the LNP government
( the ALP will probably just ignore it ) for restricting business whist the aforesaid criminal business activity will continue unabated.
Radioman
There's no doubt that there's corruption in trade unions but then again there's a lot of corruption in politics too as we've seen with the conviction of Ian Macdonald in NSW today - unfortunately that also involved favours for union "mates" as well.

The LNP doesn't see it as some kind of soft corruption when ex-MP's go to work for the private sector - extremely soon in ex-NSW premier Mike Baird's case. I'm all for calling out corruption against the unions where it is actually going on but I don't want a different standard for the ease with which big business or foreign governments are buying out politicians - the results of that can be even worse for the long suffering electorate.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
I'm sure this response will get interesting replys

When I said union protection, I wasn't referring to dismissal. On a 457 this is almost pointless as the very nature means temporary and this can happen at any time for numerous reasons and the employer shouldn't need to defend the reasons when much of the time they are following the law and if they simply don't like you, well lifes tough. I'm working effectively on a 457 and so is roughly 6000 fellow employees in my company from the tea boy to CFO and I can tell you random dismissals don't happen although people who simply don't fit get moved on fairly quickly as should happen in any company and employment condition, there is so much cost in onboarding an expat and fear of company reputation that there is an element of professionalism. There is no union protection here. However we have lines you don't cross and when that happens, the employees departure speed is frightening. We've had people driven to the airport and told to get their wife to bring their passport.

Australia's GDP has been built on immigration since 1788, so this isn't a big deal although the immigration rate currently is too high and yes the focus should be away from unskilled.

Overall I'm not against 457's for both professional and non professional as I think its good for the country (diversity hasn't hurt us in 230 years) and workforce in general and provides a reality check against unrealistic wages expectations. My brother is a tradie in WA mining and he is the biggest advocate for controlled 457 as many workers there still think there is a mining boom. Australian's participation in the expat workforce OS is dropping because even professionals need a reality check. I've seen like projects in Dubai go from a high number of Aussie professionals to very low replacing with UK and Canada because of unrealistic wage claims and I've heard the comment many a time, "Australia is too expensive". The issue is much employment is word of mouth so once your numbers drop, its hard to get a food in the door because others are employing friends and fellow countrymen.

unions should be able to protect 457's against unfair/illegal working conditions and wages. If you raise a case against your employer they cannot dismiss you until its resolved and in many cases they employer would simply pay up.

Overall 457 employers already bear large costs, the 457 fee, recruitment, airfares, health insurance etc. But deposits wouldn't hurt to protect against being ripped off such that the employee has the option to make a claim against money for which the courts have full control.

The other issues mentioned by radioman about the courts shows the system is broken in more ways than one.
  Carnot Minister for Railways

Meanwhile, deep sub-prime loans in the automotive sector are starting to rear their ugly head in the USA again.  Will they ever learn?
http://www.autonews.com/article/20170329/FINANCE_AND_INSURANCE/170329826/deep-subprime-becomes-norm-in-car-loan-market-analysts-say
  don_dunstan The Ghost of George Stephenson

Location: Adelaide proud
"Australia is too expensive"
RTT_Rules
No argument from me. My solution would be to work to devalue the currency immediately, obviously US$0.75 or thereabouts is still too high for us to become truly competitive. Most people in government would not agree with my path but I still think our relatively high dollar is the impediment to us living within our means.
unions should be able to protect 457's against unfair/illegal working conditions and wages.
RTT_Rules

The first problem is that 457's are often illegally working because they're working too many hours over the top of the amount allowed on their specific visa OR because they're working for well under the official awards. Unions are not in a good position to organise and defend the rights of people who are working outside the law and as we've already discussed those people being exploited are going to be significantly deterred from seeking help in case it puts their case for citizenship in jeopardy.

In the second instance unions represent an extremely small amount of Australian workers (less than 15%) and are in a very weak position compared to where they've been before. Maybe there's a connection between this and the fact that the last several years have been a total disaster for anyone who is unskilled or semi-skilled in Australia - they have borne the brunt of the crash in wages we've seen since 2009. You have added to that the fact that we've had a run of leadership and governments in Australia who have been very anti-union. I read Tony Abbott's book last year and he was basically against the very idea that the union movement should have ANY say whatsoever in the future of Australia because he considered their very existence a blight on his idea of completely free-markets.
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
The dollar is a start and something in mid 60's is likely to be beneficial long term.

Unions have caused significant problems in doing buisness in Australia for many decades. Some unions and many workers have since moved on and modernised.  Others however are still living in the 60's.

Wage structure is also screwed up and the OT changes are on just the start. Even at 65c to the US $ you are still paying someone $US30/h to pour coffee on a Sunday.

The problem with the federal govt is not one PM who has a far right ideology, is that since JH left the stage we havnt had a PM survive 2 elections in a row either because of voters or their own party. The country is lacking political stability and at fed govt level their hands are being tied from actually doing the job they were elected to do because too many independents or minor parties having too much power. Gillard rolled on the CO2 tax to remain in power, probably one of the most harmfull pieces of legislation to the economy introduced in last 10 years. This basically killed any chance she had of surviving another election.

457 workers need better protection and this comes with a better watch dog but more importantly enforceable fines and bans that remove the incentive to cheat in the first place.
  Radioman Chief Train Controller

Dear RTT rules and others ,

I have yet to hear of any business that has a favourable comment about Trade Unions . I do , however , hear a lot of businesses , and prominent business leaders , complain about the greed , alleged excessive power , militancy , and instrangecence , of Trade Union activity .

These constant complaints emanate from people who , in broad terms , have numerous "incentives " from the tax system to the extent that few , if any , business  pays anywhere near the full Corporate Tax rate , which is why Corporate Tax as a percentage of total tax income has been declining for decades .

We have read in recent times in the newspapers quoting the Tax Office  , and which has been mentioned in this forum by other contributors , to the effect that many multinational and mining companies PAY NO TAX , and some have even managed to PAY NEGATIVE TAX , ie we are paying them a tax rebate in excess of their tax liability !

I am heartily fed up with very well off persons living a very expensive lifestyle , which is also probably a tax deduction , accusing the rest of us mere mortals of being overpaid , lazy and greedy , and how hard it is to do business in Australia . Their excessive lifestyle gives a lie to that proposition .

And those moaning about penalty rates on a week end , well as I have previously said , if you are stupid enough to open and run a business at a loss , do not expect the rest of us to feel sorry for you being an incompetent idiot.

Best wishes and regards, Radioman
  RTT_Rules Oliver Bullied, CME

Location: Dubai UAE
Dear RTT rules and others ,

I have yet to hear of any business that has a favourable comment about Trade Unions . I do , however , hear a lot of businesses , and prominent business leaders , complain about the greed , alleged excessive power , militancy , and instrangecence , of Trade Union activity .

These constant complaints emanate from people who , in broad terms , have numerous "incentives " from the tax system to the extent that few , if any , business  pays anywhere near the full Corporate Tax rate , which is why Corporate Tax as a percentage of total tax income has been declining for decades .

We have read in recent times in the newspapers quoting the Tax Office  , and which has been mentioned in this forum by other contributors , to the effect that many multinational and mining companies PAY NO TAX , and some have even managed to PAY NEGATIVE TAX , ie we are paying them a tax rebate in excess of their tax liability !

I am heartily fed up with very well off persons living a very expensive lifestyle , which is also probably a tax deduction , accusing the rest of us mere mortals of being overpaid , lazy and greedy , and how hard it is to do business in Australia . Their excessive lifestyle gives a lie to that proposition .

And those moaning about penalty rates on a week end , well as I have previously said , if you are stupid enough to open and run a business at a loss , do not expect the rest of us to feel sorry for you being an incompetent idiot.

Best wishes and regards, Radioman
Radioman
There are a number of reasons some of the multi-nationals get away with paying minimal tax and thats mostly driven by operating their respective sites at cost only selling their protects to down stream companies owned by the same companies. For commodities this should be reason;y resolved by setting royalties at market rates, not contract or at least end user prices. But in other cases there obviously needs to be a review to cut back on tax exceptions that are not adding value to the country. However I still support the progressive reduction in corporate taxes to sub 20%, which in itself will reduce tax dodging as the incentive is reduced.

Unions have their place, problem is some still don't know what century they are in and I have personal experience with this as a union member.

To live a expensive lifestyle you need to earn the bucks, the tax off-set is just that, an off-set against a large income. I think they have more than a right to make comment on others when there is an inequitable pay scale that defy s any logic or common sense and completely out of step with most developeed world practice. There is far more to this than the profit margin of a few small companies.

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