@amitisinvesting Someone doesn’t understand Iran or geopolitics. Iran will whole the SOH hostile to a permanent tax. They can make way more money this way than selling oil itself.
If you think this war is over you are badly mistaken. Trump will have to save the last of his buddies in Israel
@asxpeasant I think the damage has been done, it was only the fiscal and monetary policies of the post World war conditions until the 80s that keep it fairly controlled to not go back to pre World War conditions. Unfortunately the 80s had short memories. Real wage growth stopped then.
@CommodMkt I’ll be adding personally, IRAN don’t care for fuel and food like you imply. They have been Santioned for 47 years and survived just fine. They will never give up their Nuclear plans.
North Korea are the epic example of what happens when you get Nuclear! No one bothers you.
@RennickGBR This is a ridiculous uneducated outlook. There is one major issue in Australia (and globally) right now. Growing Wealth inequality, aka a K-shaped economy. By allowing people access to their pension/super money early. All you’re going to do is inflate assets even more.
@ajamesbragg No Labour hates the idea that, the wealthiest keep concentrating wealth at the rate as the early 1900s! No one wants to go back to them times! Neoliberalism was pushed too far, now we have a fecking mission to correct it.
@GeoffWilsonWAM@JEChalmers@AlboMP You do understand Jeff because of the great wealth concentration in recent years making the wealthiest even more ridiculously wealthly. Also with the cost of living crisis mainly due to 40 years of mismanagement of housing policies and covid. We now have to act hard on inflation
@FL480@wally_I3 Well of course wherever wealth concentrates they will ultimately may the majority of taxes. It is the most basic of thoughts.
What you should be talking about is the systems put in place after the 50/80s period that let them concentrate it so easily.
@asxpeasant The middle class turning to the under class was always written in the stars after the 80s. Pushing neoliberalism to the levels they did and continually backing it decade after decade was nothing short of suicidal imo.
I’m going to hope we have one last chance to correct it.
@anzep13 This is a standard natural human process. It’s why I am profoundly against the systems that enable K-Shaped economies.
Clearly the elites haven’t learnt from the old history of the French of Monarchy!