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The Forum > General Discussion > A Government Future Fund And Social Benefits

A Government Future Fund And Social Benefits

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Those who think it's a good idea should watch this episode of Utopia:
http://iview.abc.net.au/programs/utopia/CO1811V008S00
Posted by Aidan, Wednesday, 15 February 2023 10:19:15 PM
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Dear Critic,

«I can see a problem here with your line of thinking.
I think banks would buy up any spare houses and either put them on airbnb at a high rental rate or leave them empty just to ensure a shortage of available dwellings on the market and maintain high prices.»

Buying houses and keeping them empty is a very expensive exercise, even for a bank. Apart from the cost of purchase itself they would have to pay land tax, maintenance and council rates, possibly even an extra tax for keeping the houses unoccupied. Further, house values will decline, both because the houses depreciate as they get older and because the overall population declines. Empty houses are also prone to invasion by pigeons, mice, possums and ants, which depreciate their value even faster.
Posted by Yuyutsu, Wednesday, 15 February 2023 10:53:21 PM
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Paul,

With Labor's $trillion debt growing every day, how on earth are they going to build a future fund when all they are building is future debt?

The only option they have is more taxes.
Posted by shadowminister, Thursday, 16 February 2023 1:59:27 AM
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SM,

Who said anything about increasing taxes, other than you and Dud Dutton. A Future Fund operates by taking advantage of Australia's favourable credit status, some refer to a 'AAA' rating, to borrow at a lower cost, and invest for a higher return. All investments have a risk attached, and Future Funds are no different, but the benefits are worthwhile. Dutton was part of a government that had a pair of drunken sailors, ScumO' and Friedbrain go out and raid the vaults of world banks, and then splash billions around to their mates down at the big end of town, like Gerry Harvey, $12 million for Gerry, at better than Gerry's 5 years interest free, it was just free money for Gerry. That's just one small example of the nothing to show for it borrowing panic of the previous government. What Labor are proposing is modest and sustainable with a useful return.

As the ad says; 'Compare the Pair', same age, same starting balance, one borrowed billions and blew it on wine, women and song, that's ScumO', the other borrowed billions and invested in bricks and mortar, that's Albo. Today ScumO' wakes up in the gutter with an almighty headache getting ready for the drop kick from parliament, whilst Albo is now PM, leading Australia to a brighter better future.
Posted by Paul1405, Thursday, 16 February 2023 5:46:55 AM
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Rex Connor all over again...
http://en.wikipedia.org/wiki/Loans_affair

The one thing we can say with certainty about the left is that no matter how often a hair-brained scheme fails, there'll always be some dunce campaigning to try it again.
Posted by mhaze, Thursday, 16 February 2023 8:09:04 AM
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Paul,

You greens are a complete joke financially. Your plan is to borrow a ton of cash to increase Labor's $trillion debt to $ 2 trillion and reinvest it.

The first thing that happens is that our AAA rating achieved by the coalition drops into the crapper and our cost of borrowing shoots up, next we have the pin economic pinhead Chalmers lose his shirt with crappy investments, next, we have airbus Albozo and Bum Bandit blowing the lot on idiot investments like the school halls debacle pushing inflation through the roof.

Letting left whingers look after a pile of money is like using a fox to guard chickens.
Posted by shadowminister, Thursday, 16 February 2023 8:27:38 AM
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