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The Forum > Article Comments > Inequality and growth > Comments

Inequality and growth : Comments

By Matthew Smith, published 31/7/2017

The recent public concerns raised by Bill Shorten, leader of the Labor opposition, and others, about the widening income inequality in Australia is not before time.

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Matthew ,
Thanks for a great article .
Those organisations that base their business model on more people , appear to have a simple outlook ....uncluttered by environmental constraints and visions of social equality and a high standard of living , for all .

But how does the growth paradigm become dominant in our Govt thinking ?
Especially so when you consider the creditor nation Denmark , with a basically stable 5 million people exports all over the World .... achieved by investing in research and manufacturing rather than the tragic Australian design of investing in more people and pollution .

Well , bankers , property developers, infrastructure companies, an army of consultants such as KPMG ( Bernard Salt ), etc etc ... all base their business models on the windfall profits of population growth ......

These windfall profits are funded either directly or indirectly by selling Government assets and by massive Government borrowings.

They are also funded by the banks sourcing overseas , a $100 billion per year , which is then on-lent , as inflated mortgages to Australian borrowers .

But at the same time that there are billions for growth and the real estate industry; there is "no money " for the CSIRO , TAFE , Universities or for retraining displaced workers .
A malevolent result of the Opportunity Cost of Investment .

..... continued
Posted by Ralph Bennett, Tuesday, 1 August 2017 7:43:06 AM
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continued ....

Here are a couple of interesting observations , which background this design .

1.The only way to increase the price of real estate is by increasing demand .
Turnbull, Baird ( both bankers ) understand this principle .

2.The Federal Govts' , Minister Skinner's replacement was Felicity Wilson.
She is a former Property Council executive and employed by an infrastructure company as she ran for pre-selection .
I am not implying that these persons don't genuinely believe that despite the outcomes, that somehow the social design that they promote is in reality , good for the Country .

On the Labour and Liberal sides you have the additional pushes to get the ethnic vote .... huge money is made from directly or indirectly " sponsoring " and promoting high rates of immigration .

Both the main parties have very " close " connections with business model entities , which promote very high levels of population growth . These promoters appear to have a "strong influence " in the pre - selection process and provide the campaign funds for many candidates .

The last thing a property developer or bank wants is skilled locals ..... the lack of skilled locals is another lever to import more people . In this case , in the skilled migrant category .
If you have a lack of suitably qualified locals and starve TAFE's and Uni's of funds, then this is another lever to import more people ,as overseas students then contribute to the funding of these cash strapped institutions .

.... continued ...
Posted by Ralph Bennett, Tuesday, 1 August 2017 7:52:21 AM
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.... continued .....
They also Invariably gain permanent residency and then apply for parent visas. After 10 years these parents , once they reach retirement age ( and never having paid a cent in tax ) are eligible for the old age pension ! So one student leads to two , unfunded old age pensions using Medicare and medications under the PBS . Fantastic outcome for our Social Security Budget , As this is again another way to increase numbers ,the booster businesses never question this financial disaster . With longevity increasing , it will be common for these Parent Visa immigrants to be on this unfunded Pension and free medical streams for over 30 yrs .

Forget the promised market testing in the "old " and now the " new" 457 Visa Category . We are bringing in truckloads of 457's , even though we have close to ONE MILLION, 15 to 25 yr olds unemployed !! The population growth business "love " these "temporary " 457 workers.
This is because they invariably lead to permanent residency and are another way of boosting numbers .

Not a " blink " regarding displaced workers and falling wages due to 457's , from Labour or Greens & the Churches . The last two groups have an effective open borders policy " as you can't say no to any poor person ... ".

What ? There are 1 billion poor people in the World , living on less than a average US $ 1 per day ! The answer to the World's poor is contained in the last 3 paragraphs .
..... continued .....
Posted by Ralph Bennett, Tuesday, 1 August 2017 7:59:34 AM
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.... continued ....
We will have 1.2 MILLION EXTRA PEOPLE (UNITS OF DEBT) in Australia , IN THE NEXT 3 to 4 years !

This guarantees the acceleration of our economic demise , the rocketing up of taxes , levies , tolls , the price of housing and the essentials of life . Forget saving habitats and the preservation of our best farmland or holding onto the ownership of our finest dairy and cattle farms .

It is just a treasonous and hypocritical design which is supported by Bill Shorten , through inaction or active encouragements. We are now experiencing wages and conditions falling, as the labour market is whiteanted by a huge oversupply of people .

With a stable population , you can have stable economic output and have full employment . The opposite is not possible .

With a growing population , you MUST have economic growth to provide the extra jobs otherwise you have unemployment . That means you will grow the economy at all costs and you don't care how destructive this will be . How many times have you heard the outcry against some shocking development , only to be countered with the desperate plea that it will provide more jobs ??

Stabilisation is easily achieved by:
Balanced Migration and Balanced Fertility.

Currently for balanced migration...... as 70,000 people leave each year , then we can bring in 70,000."
As our birthrate is DOUBLE our deathrate .... Govt benefits after 2 children must taper off to send a powerful message that 2 children is the most appropriate family size financially and environmentally .
The taper-off of Govt benefits should be significant but relatively small for the 3rd child and a steep decline with the 4th and any subsequent child .

Finally , all our foreign aid should be spent on promoting and delivering family planning .

Promoting the benefits of stabilisation and carefully educating the Religions of the World to be environmentally literate, will design out inequality and poverty throughout the World .

It will also restore our balance with Nature . Best , Ralph
Posted by Ralph Bennett, Tuesday, 1 August 2017 8:09:00 AM
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the only refreshing part about this 'widening the gap mantra' is that now the lefites can use that instead of gw to excuse Islamic 'lone wolf' terrorist from killing people.I mean the medical trained doctors at US expense that flew into the twin towers were highly disadvantaged and Saudi Arabia was severely affected by gw frying the brains of the attackers. Nothing to do with Islam!
Posted by runner, Tuesday, 1 August 2017 9:38:37 AM
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Ralph,
"With a stable population , you can have stable economic output and have full employment . The opposite is not possible "
No, technological advances mean that economic output will never be stable - there will always be sporadic disruption.

Stable output is neither achievable nor desirable.

But we can have full employment and plenty of economic growth whatever the population WITHOUT wrecking the environment. All we need to do is stimulate the economy when needed instead of obsessing over surpluses.

"Finally , all our foreign aid should be spent on promoting and delivering family planning"
So you think we should spend nothing on disaster relief, nothing on preventing terrorism, nothing on medical programs such as preventing blindness, and nothing on assisting economic development in our future export markets? Just so we can spend the money on something that's already fairly well funded?

The world has already reached Peak Child. The population is growing because we're living longer, not because we're breeding too much. And in the few areas where people are breeding too much, the reasons usually have nothing to do with family planning services not being adequately funded.

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runner,
Are you mentally incapable of ceasing to post strawmen?

Nobody on the left wants or tries to excuse Islamic 'lone wolf' terrorists. But it is worth investigating all the causes. Even though the terrorists blame Islam alone, the reality is far more complicated.
Posted by Aidan, Tuesday, 1 August 2017 11:38:40 AM
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