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The Forum > General Discussion > $7bn for 3% of Labor's mega white elephant NBN.

$7bn for 3% of Labor's mega white elephant NBN.

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NBN Who needs it? Who wants it?
I am told that if I want it here in Cairns it will cost me around $4000 to get connected and then the ongoing costs.
Posted by chrisgaff1000, Friday, 14 March 2014 11:15:29 PM
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Yes Chris, the sad part is that i was of the understanding that under labors model, it still would have cost $4000 to connect, its just that someone else would have paid for it.

Quite obviously you don't need it, because otherwise you would pay the $4000.

Poirot, i took a conscious descision not to be a burden to the tax payer in my retirement, what i didnt expect was to be robbed to help others who either chose, or due to circumstances, went a different direction.

notwithstanding the fact that i am opposed to the robbin hood style system, I seriously doubt anyone who is self funded in their retirement should be expected to continue funding the retirement of others once you have ceased work.

I fear that unless we have serious tax reform, this is exactly what will happen, especially if labor get back in and continue their historical wasteful ways.

This is why i say, watch your super.

As for the NBN, surely anyone with half a brain could see how stupid this was from the outset, because in all seriousness has this been rolled out to every house, the majority of speed would have been used to play better games or download porno's faster.

people have to come to the realization that the days of a free lunch are over.
Posted by rehctub, Saturday, 15 March 2014 7:55:28 AM
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Abbott and co say the free lunch is over, no one else. A bottleneck at every intersection is that the way to go. All you can see is kids playing games. They don't use internet to play games. Very simplistic, and only half a system. People overseas can't understand why we pay for internet. They say we are paying to see adds.
It will take labor to correct the system. It's the coalition DNA that says everything has to be watered down. All they see is the Ginas
Posted by 579, Saturday, 15 March 2014 8:34:41 AM
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Rehcub, there has been a lot of talk on how government should get
access to super funds for infrastructure projects.
That sounds all very lovely, but I would be apoplectic if it was my
super fund that put money into motorways !
They have not been anything but a money sink.

The government invests for other than profit motive but a super fund
MUST invest for financial gain not social profit whatever that might be.
Posted by Bazz, Saturday, 15 March 2014 8:38:34 AM
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Turnbull has done just as expected with the NBN, and Australia will rue the failure to raise its competitiveness in the world. So much for the "infrastructure prime-minister". Murdoch, as always, provides the smoke-screen.

Regarding super, when the GST is raised by 5% the buying power of your super will be that amount less. There will be a lot less a proportion of the revenue take coming from income tax as the population ages, thanks mainly to short-sighted immigration policy. Self-funded retirees, what were you thinking, that Robin Hood would back off?
Posted by Luciferase, Saturday, 15 March 2014 8:39:55 AM
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579 are you one of those who think you were going to get the speed that Labour promised ?
Posted by Bazz, Saturday, 15 March 2014 8:50:32 AM
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