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The Forum > General Discussion > Intergenerational Equity

Intergenerational Equity

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Hi Paul, yes rent is getting pricey down this way.
I think you'd be looking at $800 per week minimum in Redland Bay now.
Even average houses are around million to buy in Capalaba now I think.

Hi Fester

I think one of the very first posts I made on this forum was about building a prison to put politicians in.
I'd be handing out free paid holidays to anyone in government that touched NDIS.
When they screw things up on this level, they shouldn't get travel entitlements, free paid lunches that make their faces bloated and fat neck rolls like a stuffed turkey and a golden forever handshake.

Australians need idiot-proof systems so that idiot's-in-charge don't screw things up at a magnitude that is simply unacceptable.

This isn't even about the NDIS.
It's about creating foolproof systems and about government accountability.
If you can't do your job and be accountable for your actions, then you shouldn't be in that position.

Democracy is idiots convincing other idiots to vote for them.
Posted by Armchair Critic, Thursday, 14 May 2026 8:27:39 AM
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Hi AC,

I think democracy better as I believe most disasters arise when one person has too much say, like Sri Lanka and fertilizer usage. The separation of powers is a substantial protection. Auditing and bodies like ICAC can also make a big difference.

The pursuit of net zero is destroying Australia.
Posted by Fester, Thursday, 14 May 2026 1:22:48 PM
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Paul

"What is this preoccupation you have with Zimbabwe and South Africa of all places, is that your country of birth, are you the "love child" of Ian Smith and Fred de Klerk? You seem to have an affinity with white racists from Africa, which has no relevance to Australia."

That is quite typical of your regular moronic, targeted, and highly offensive commentary here. Here is a talk on the history of Rhodesia, something I suspect you know nothing of.

https://youtu.be/Aj3p3lJP8Q0?si=hvJ4V0kgtLaqScBq

If you hate Nazis so much then you might stop behaving like one. Being civilised is a choice.
Posted by Fester, Friday, 15 May 2026 7:03:25 AM
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Hi Fester,

I thought we were discussing intergenerational equity in Australia, I don't see the relevance of discussing the 'History Of Rhodesia'. I have no interest in discussing Rhodesia, Zimbabwe, Robert Margabi, South Africa, Russian meatwavers, (whoever they are) koala clubbing grifters (also whoever they are) Mozambique, Cuba or Venezuela within the confines of this topic. I think that is a load of worthless hooey on your part. If you have something sensible to say, please post it. Until then.

Bye-Bye For Now.
Posted by Paul1405, Friday, 15 May 2026 1:59:58 PM
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"The pursuit of net zero is destroying Australia."

We might have more pressing concerns.
I'm no financial wizz, but the U.S. bond market might be imploding.

That trip by Trump seemed to me almost like he was begging China to help him save the U.S. economy.

Take in the piece in the Atlantic by Robert Kagan
(Victoria Nuland's husband - head neocon)

Checkmate in Iran
http://www.theatlantic.com/international/2026/05/iran-war-trump-losing/687094/
'Washington can’t reverse or control the consequences of losing this war.'

Did the power just shift with this US / China meeting?

I've heard rumours the Gulf states might kick out the U.S. and opt for security guarantees from Russia and China, I don't think the U.S. is getting back into the Persian Gulf so that means Iran is now a world power and the petro-dollar might be over.

Goldman Says Yuan 20% Undervalued, Boosts Currency Forecasts
http://www.bloomberg.com/news/articles/2026-05-11/goldman-says-yuan-20-undervalued-boosts-currency-forecasts

The markets may be deciding that Americas toast.
No longer a smart place to put money.
Out of control debt spiral.

The Persian Gulf has 5 really important resources, Oil, Gas, Urea, Sulfur, and Helium,,, and the supply constaints are starting to hit.

All the airlines cancelling flights and adding extra charges amid jet fuel crisis
http://www.independent.co.uk/travel/news-and-advice/jet-fuel-shortage-flight-cancellations-tui-easyjet-ryanair-b2976445.html

Trump won't have to worry about selling his soybeans... there wont be any.

As of May 2026, 70% of U.S. farmers are struggling to afford necessary fertilizer for spring planting due to soaring prices driven by global supply chain disruptions in the Strait of Hormuz. The crisis, exacerbated by the war in Iran, has forced many producers to reduce planting acreage, switch to less input-intensive crops, or skip fertilization, raising severe concerns about food supply and rising prices.

The real damage hasn't hit yet.
Posted by Armchair Critic, Sunday, 17 May 2026 1:55:39 AM
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Paul,

Intergenerational equity is wealth redistribution as you acknowledged by seeing it as addressing an imbalance in the wealth of young and old. I cited economic research and real world examples showing that it would not help anyone as well as implying that the difference showed that citizens could acquire wealth in their lifetimes. RSA and Zimbabwe were cited because they are spectacular examples of wealth redistribution failing.

As it happens IE was just a bs term that Magoo used to hide a tax grab. Removing negative gearing, increasing CGT and introducing a 30% death tax won't help young Australians, especially as many believe that they will only get ahead via inheritance.

But cheer up Paul, we're going to be a renewable energy superpower. Never mind seven Tasmanias of land being covered with toxic wind and solar, all the natural heritage and defenceless animals being destroyed, or the Chinese mines in Africa using slave labour and resembling biblical disaster scenes from Cecil B. Demille, except all the death and injury is real. When you've got all that filthy lucre you won't give a rats about all the harm you are doing, just like Magoo.
Posted by Fester, Sunday, 17 May 2026 8:11:22 AM
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