The Forum > General Discussion > Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.
Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.
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You’re just playing with word Pericles.
YES, economic activity that is generated directly as a result of disasters, accidents, illnesses and immigration certainly does get included in GDP.
I’m so pleased you can see that.
But NO, it does certainly NOT have the same value as the sort of economic growth that genuinely indicates a healthy and improving economy.
Actually, in our Federal government’s wonky world of pseudoeconomics, it does. But it absolutely SHOULDN’T!
Anyway, we’ve been over all of this. No point in doing it again. We both gave it our best shot just recently. We aren’t going to find agreement here.
I do note however that you don’t talk much about the immigration factor, which is probably much bigger than all the disaster/accident/illness type of economic activity that get added to (or including in) GDP.
The amount of economic activity generated directly as a result of immigration is staggering – and yet practically every bit of it is just duplication of what we already have, without it leading to improvements for the pre-existing population.
I keep making this all-important point, and you keep brushing past it.
Immigration = very large part of GDP = very strong indication of economic wellbeing and prosperity.
And yet we are seeing practically no change in per-capita GDP as a result of this immigration-induced economic activity. And we are seeing all sorts of negative aspects steadily worsening as a result of immigration / population growth.