I read in the Courier mail this week that SEQ water made a profit of $70million last year and the CEO was on $1800 PER DAY.

Now I thought that the plan for 'essential services' was for them to be provided on a 'cost recovery' basis.

If so, why the profit and where does this profit go?

Also, does anyone know how much we queenslanders were paid for all the assets we paid for over the years like, dams, pumping stations, treatment plants, etc. In fact, were we paid for these at all?

If you ask me, privatisation sucks, as it is driven by profits, not by governments that have the interest of the people at heart.

good to see we are finally on the same page

to try to answer your questions

where did the money go?
it went to intrest payments on the 65 billion qld govt debt..
that barnaby got canned for trying to tell us about..

see how the scam goes
is bankers or investers go to govt
and say we will buy your sew-rage system,
and leasse it back to you..to free up your money for other things

[like peter beaty giving away half a billion to his mate for a magnesium plant..[in gladstone]..that never gets built

or building stadiums for footy or tennis
and other sport-ing events
[like expo 88][gold coast grand prickx etc]

anyhow the scam works like this
they get the money..to pay the intrest on the 65 billion
but somehow

govt default on repaying the money
lent them for the sewer..[road nat park or state forrest etc]
and penalty clauses kick in...[they are in the fine print]

anyhow the fine print usually says
a default [failure to repay..adds in extra intrest rates
or a demand for repayment in full..

or other defaults..like putting in a port or a pipeline for santos

lawyers are so good at finding these default clauses
..[until they enter govt]..anyhow they collude treason
regardless of which party is in season

anyhow i have been posting much of the detail previously
this is only a brief summery
of but a few of the tricks govt plays for its party supporters

there are so many others like special zoning deals
or tradefree zones or drug laws or mining leases
but heck

we trust govt at our own risk
we got the govt we deserve

the one good thing is summed up in the words
odious debt..[these debts arnt binding on us...

they bind only those who signed up to treason
but no lawyer will tell you this..or that

rehctub,

Ahh....you're noticing that there are some utilities that should remain part of public responsibility and infrastructure - water is one of them.

Governments in Australia are just following the corporate model.
There is a push by the World Bank and IMF to privatise water supplies around the world - they have the greatest leverage in third world countries where the locals can least afford it.

The corporates will stop at nothing in the name of profit - next it could be the air you breathe.

...**Private enterprise the entire east coast of Australia:**

...Beware it’s underway!

...The method is the initial creation of marine sanctuary zones and marine parks, for eventual flogging off to private enterprise for their maintenance. Bingo, user pay!

Rehctub“If you ask me, privatisation sucks, as it is driven by profits, not by governments that have the interest of the people at heart.”

The governments here over generations sold off the care of children to private companies. Surely if children can be handed to a profit driven industry then a CEO’s salary from water management should hardly raise an Australian eyebrow.

Poirot:”Ahh....you're noticing that there are some utilities that should remain part of public responsibility and infrastructure - water is one of them.”

Yes.

Poirot:>> The corporates will stop at nothing in the name of profit - next it could be the air you breathe.<<

Poirot the Carbon tax is exactly that.