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@BasilZempilas The more strategic question to ask is why Qatar (a commodity producer smaller than WA) 1) has a sovereign wealth fund 2) just struck a deal to have $1bn AI data centres installed in their country - & WA here arguing about a race track, not even the right conversation!
@gullibles@CaroDiRusso I've heard this a few times. Out of interest, would be grateful if someone could point me to the calculation/link that evidences this? If true that's massive misinformation from the east coast biased media.
@AvidCommentator This is why the RBA should have the power to adjust the GST rate instead of interest rates - that'd hit boomers when we need it most. Currently they're just gorging off high rates to their savings account - monetary policy doesn't work. Would depoliticise fiscal policy too.
@MikeBromley15@AvidCommentator Regulation yes, pendulum swung too far that direction. Development land not transacting - vendors/financiers aren't taking discounts. So that only leaves end prices which will probably need to drift higher to make feasibilities work, especially w/ high immigration it's possible
@AvidCommentator The proliferation of dodgy builders historically in NSW didn't help, resulting in current status quo of government over regulation in the building sector, which contributes to reduced housing supply when we need the opposite. Builders are even refusing to tender a lot of jobs.
You’re taxed when you earn money,
Your taxed when you spend money
You’re taxed for owning a home
You’re taxed when a family member dies
You’re taxed by the country, state, county, & city.
You’re a professional athlete? We got a tax for that!
Want to rent a car or stay in a hotel? We got taxes for those too!
Wanna sell a home? We have a special tax for that too!
Stressed about taxes? Feel like you need a drink? Don’t worry that’s taxed too :)
If I hear one more person say we need more taxes I’m gonna rip your brain out cause you’re clearly not using it!