The Forum > Article Comments > Mike Baird’s assets test > Comments
Mike Baird’s assets test : Comments
By Graham Young, published 11/2/2015If electors think asset sales are necessary to make life more secure, caused by Labor's mismanagement, they will take it out on Labor, not the privatiser.
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So it's full speed ahead Mike and dam the electoral torpedoes?
The Sydney opera house cost a veritable fortune! However, nobody thought they needed to sell income earning assets to pay for it! Instead, someone with a great deal more vision than Mike, used a simple long term casket to raise the essential funds.
Selling income earning assets is just dumb.
Sure there's an influx of money, but just once; and then the income derived from the assets has to be replaced!
In the ABC news this morning; Comparisons between privatized generation assets, show the privatized ones have created consumer costs four times higher in any fair comparison.
Do you seriously believe the electors in NSW would sit still for that, even as just a possibility; particularly the way electricity charges affect industrial development and jobs/jobs/jobs!
I also wouldn't rule out the crusading Alan Jones factor and just how hostile this man has become toward the coalition on all manner of things, i.e., new coal mines, CSG, and the patently unfair way the Abbott Government has attacked the less well off?
Alan Jones told us on Q+A, that he pays 48 cents in the dollar tax, the highest rate?
And then went on to explain, that by investing in his own super, he can save 33 cents of that; meaning an effective tax rate for him and his ilk of just 15 cents in the dollar!?
And Mike Baird has yet to try 30 year self terminating bonds, to build all manner of income earning assets. And we now have super funds larger than our economy, for heavens sake!
Arguably, we are one of a few countries, that simply refuse to do so, but were high up in the queue when it came to worthless derivatives, the reason some of our municipalities are now unable to pay for essential infrastructure?
I also believe it will be close, and with Alan Jones mounting a hostile campaign, it is not yet a forgone conclusion the Mike Baird will win, or that assets sales will progress?
Cheers, Rhrosty.