Yeah, the mainly driven by coal exports.
Indians sent $7billion back to India from Australia in the form of remittances last year. Remittances are not part of the trade balance. So that’s $7billion that no longer circulates in the Australian economy. Now do that every year, in perpetuity, with even more Indians 🤡
The globalist establishment hate Trump so much, they are using every tool they have to shove ‘Orange Man Bad’ down the Australian public’s throats 24/7 - you have no idea how bad the discourse is in mainstream media. Everything to do with the USA is framed as bad atm.
A lot of Australians are NPC’s who love big government.
Australia is a vassal state to globalists. They cannot allow a resource rich Australia aligned with a sovereign USA
@Potstirrer111@simongerman600@grok@grok based on the number of university places for doctors at Australian universities and number of postgraduate places for them, could we have enough doctors for the population while it is growing at its current rates?
@DrewPavlou@GeraldPimm South Korea has no iron ore, yet they have a massive steel industry.
The South Korean gov helped LG go from textiles into electronics.
The state underwriting key productive industries is a good thing.
Underwriting grift, non productive welfare like NDIS = bad
An African refugee who sexually abused his niece, 9, has been allowed to stay in Australia after a tribunal found he would lose access to disability support if deported.
He has been on the NDIS since 2020 as his IQ is in the lowest percentile.
https://t.co/X8wu8BQ3os
Police have uncovered bucketloads of cash, gold and silver in a multi-million-dollar NDIS fraud, as critics warn the government has not done enough to tackle billions of dollars lost to scams.
https://t.co/rmbbFjIYjU
The Australia institute either can't get their headlines right, or they are using deliberately incorrect headlines as a gambit, or they are terrible at maths (perhaps all three 😀).
Here is the Australia institute headline:
"Japanese Government collects more tax from Australian gas than Australian Government"
These are the numbers in their own report:
1. Australia raised $1.4b in PRRT
2. Japan taxed Australian imported LNG for $0.7b
For the headline to be true 0.7 must be more than 1.4.
The report also ignores state royalties and company income tax which is standard practise for these guys.
I suspect many more people see the headline than read and interpret the report and that is one of many reasons this gas tax debate gets so emotive. People see a headline, believe it and repeat it.
When they get told they are wrong they immediately get defensive and double down without going back to the source and checking for themselves.
Perfect example is Konrad this week while debating Susan McDonald on the Karl Stefanovic podcast, where Konrad (and Karl) both stated with 100% confidence that Australia imports gas. He is clearly convinced of this.
It is clearly untrue that Australia imports gas and therefore untrue that we buy it back.
It should be noted here that Twiggy Forrest's LNG import terminal is almost completed, that the Australia institute reportedly receives donations from Twiggy's charity Minderoo, and the Australia institute campaigns to end domestic gas development.
I work in the gas sector and I don't care for these lies to stand uncorrected.
https://t.co/pXALJ6CZID
New analysis from me: In just seven years, the NDIS blew out to four times its projected cost. I have never seen anything like this in a public spending program, and it brought Labor to an uncomfortable and controversial reckoning this week.
The goal is to ensure no future projects get oil or gas out of the ground & the current producers are (potentially) bankrupted, which would of course leave government with decommissioning costs.
Revenue raised would be nowhere near what is stated (deduction against company tax)