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The Forum > Article Comments > Beware the Green/Labor 'super profits' tax – it could be coming to ruin an economy near you > Comments

Beware the Green/Labor 'super profits' tax – it could be coming to ruin an economy near you : Comments

By Graham Young, published 29/8/2024

The super profit is thought to be 'surplus to requirements' so the government might as well take it away and redistribute it to someone who needs it.

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Rather than looking for greater sources of taxation, we need to be looking for better ways to match our production to our spending- to keep our budget. Surely with a moderate lifestyle, and with the advantages of modern mass production, and with the governments deal making and coordination role- we can all live within our means- consuming less than what we produce.

Hebrew, Psychology Trained, Nephew of Freud- Edward Bernays is said to be the one who invented the concept of emotional consumerism going from a "needs based economy" to a "desires based economy". When people come from the same culture people have more similar consumer needs, and mass production is able to produce those needs at the lowest unit cost. So for at least two reason's the Australian cost of consumption has increased 1. needs to desires, 2. monoculture to multiculture, 3. could be others.

Another way to produce 'needs' at a lower per unit cost is to focus on alternatives that have a longer non- refrigerated shelf life- this means less waste. It's been said that the UK wastes 50% of all it's food. Surely in Australia with less extreme temperatures than other parts of the world basic housing can be more 'cost effective' and 'stable' with less 'red tape'. Of course with massive immigration it's hard for housing to be stable
Posted by Canem Malum, Monday, 2 September 2024 11:51:05 AM
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The government has been 'fudging the deficit' for years using 'housing bubble economics' and 'low value added mining industry' to boost perception. The reality is we are under performing in the "value per unit capita" ratio, because of barriers within productive capacity processes, compared to other nations. We seem to be living on borrowed time. Governments have wasted their energies on virtue signaling ideological battles, rather than real value. In Orwell's 1984 the government purposefully destroyed productivity, by limited forever war, in order to keep populations servile. Strange but common to see reality mirroring fiction.

It seems that 'the strategy of Australia is wasteful' if we want to live within our means, and avoid being owned by our debtors. Better that we live well within our means, and invest the excess, in some sort of productive growth, whether it's Australian R&D, competent businesses, etc.

Others believe that we should be free to spend all our money then put out our hands for more. Saving gives us freedom. Freedom is not free. Our grandparents knew this simple fact that we have forgotten. Old things are not bad. Few new things are good. Most mutations are disadvantagous to survival. There's a sucker born every minute.

Stop the mutants
Posted by Canem Malum, Monday, 2 September 2024 11:51:26 AM
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