The Forum > General Discussion > Boat buy back
Boat buy back
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Indonesia is made up of thousands of islands, and tens of millions of people who make their living from fishing, with a bit of people-smuggling on the side, using perhaps a million boats.
Is it the intention to pay cash for those boats ? At half-a million or more each ? WIf you were an Indonesian fisherman, what would you do with that half-million - order two boats to be built, knowing you can pay them both off in a short time ?
What if the boat-owners refuse to sell, and demand an inflated price ? i.e. the Australian government creates a bull-market for fishing boats ?
So let's see - if Mr Morrison buys, let's say, merely ten thousand boats, at half-a-million dollars each - that's five billion dollars.
Five billion would build a lot of new boats. Thank you, Mr Morrison !
Should I go on ?
Joe