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The Forum > Article Comments > Infrastructure funding needs more thought > Comments

Infrastructure funding needs more thought : Comments

By Graham Young, published 7/7/2015

How do you finance new state infrastructure when you have taken the pledge not to use debt or increased taxes?

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The solution is to reduce immigration to a level that little new infrastructure is needed.
Zero net immigration is the best, but a maximum of 70.000, insread of the current 200,000, would help.
Posted by Outrider, Tuesday, 7 July 2015 11:10:25 AM
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Well argued Graham! You'd think with a super fund larger than the economy, some of our smarter folks would have found a way to keep it right here building the missing infrastructure.

We remain one of the few nation to have not adopted self terminating thirty year government guaranteed bonds, which given the current interest rate and the risks inherent in the equity market, would be taken up as fast as we could issue them!?

And the sale of resumed and rezoned rail side land might well fund some rapd rail links and the essential decentralisation, that may return housing affordability and indeed the economic impetus that would in turn create inside the non mining economy?

And there's an excellent case to be made for long overdue tax reform that eliminates most of the loopholes/escape clauses in the current tax act allowing things like super, negative gearing, family trusts,etc., to become virtual tax havens for the better off?

A vastly simpler less costly system would allow current tax compliance costs to be jettisoned as being no longer necessary, and add some 7% to the averaged bottom line.

Ensuring all the current avoiders were included via reform, would fix the structural deficit and quite dramatically lessen the load on those who still pay a fair share!?

Plus, do away with most of the reasons for avoidance initially!?
Rhrosty.
Posted by Rhrosty, Tuesday, 7 July 2015 12:09:38 PM
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Sorry Graham, You've got that completely wrong, when you say, "And it is inequitable. While the new home owner pays the tax, all residents get the benefit. Most are free-riders.

The last thing we need is new home owners. We don't need them clogging our roads, crowing our hospitals, overtaking our phone & internet capacity, & forcing up the price of everything.

We are happy with our lack of facilities, & don't want any development. We came out of the city to get the hell away from all the crowds, traffic & annoyance. If we are stuck with them coming, they had better pay for everything they want & we don't, & compensate us for putting up with them.

We don't want damn fool bike paths taking part of the roads we have paid for, we would prefer our kids were safe to ride a horse on the verge.

Rather than getting your free ride, we are seeing our great lifestyle destroyed by all this development, & the large increase in crime & bad manners it brings with it. The only ride we are getting, free or otherwise is to a developing slum, where once there was space & fresh air. So please go back to where you came from, & take your development with you.

Outrider, I'm with you.
Posted by Hasbeen, Tuesday, 7 July 2015 6:53:53 PM
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Outrider, do you really think it is all those nasty immigrants who are flocking to Queensland that are causing the need for more infrastructure funding?

I would suggest it is more likely all those current residents from the southern states flocking to Queensland for the warmer weather and trendy lifestyle!

Hasbeen doesn't want anyone else coming to Queensland to live, as they will upset the 1950's time warp he lives in. He wants that lifestyle all to himself thanks. Nice.

Of course more infrastructure is needed in fast growing states like Queensland and W.A. There is no way our population will ever decrease, so we have to cater for that fact as best we can.
The State Liberal Govt over here in WA are spending on infrastructure like there is no tomorrow, so be careful what you wish for.
Posted by Suseonline, Tuesday, 7 July 2015 7:30:32 PM
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I thought that the WA government was spending big on new football ovals for the AFL and a shopping complex cum residential towers on the Swan waterfront. Maybe I missed the new railway lines.
According to
http://www.qgso.qld.gov.au/products/reports/pop-growth-highlights-trends-qld/pop-growth-highlights-trends-qld-2014.pdf
in 2013 net overseas immigrant gain was 45.100 and net interstate gain was 9,400 for Queensland. Statistics, not speculation, please.
Posted by Outrider, Tuesday, 7 July 2015 10:53:00 PM
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Time to get up to date Suse. Southerners stopped flocking to Queensland when our housing reach parity to southern real estate. Not much sense moving to an area of lower pay rates, if you don't make a big profit in selling up down south, & buying here.

Now the mining boom is dying, there is not much work going, & no highly paid jobs to walk into. The same is happening in Perth. A lot of suitably qualified expat poms have been coining it in the west, & to a lesser extent in Qld. They are now planning their next move, to the gulf, or central Africa.

I can see no reason why we would welcome you lot up here, you've done nothing good down there, & would be no more use up here. Neighbours recently sold their bungalow & bought the big Queenslander across the street. They are kicking themselves now, as they can't get the internet, & as a self employed plumber, he needs his web site. No channels available.

They have been told they will have to wait for that idiot Rudd's NBN to get here before it will be available, & that's going to be years, if not decades. Meanwhile, no new net capacity will be installed.

Yes they have wireless, & are having nothing but trouble with it. Just why would we want you, or some foreign immigrants stuffing up what was a once good state, & cluttering up our phone lines.

Hell I've even heard some of you even want to ride bikes on our roads.

God we need some decent government, but where the hell are we going to find another Joh Bjelke when we need one?
Posted by Hasbeen, Wednesday, 8 July 2015 12:33:06 AM
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