Well doog, someone has to worry about it as not many understand the
implications. Just keep nagging away, and maybe pollies etc might wake
up with a start when some news item triggers their understanding.

Interestingly, the economists were almost solid in the Pooh Pooh
brigade of "If the price is high enough roosters will lay eggs !".

Well now they are beginning to understand that the roosters have been
straining in vain for six years to no avail.

The quote above BTW was from a government economist in 2009.
Any way it is all good fun.

ttbn,
You ask, (copied and pasted)

• $52.000 for what sort of job? We can't compete with current relatively high wages.
• 1/2 a mill for a house. Think about why.
• What criteria do you base the "need" for $200 a day on?
• Do you think that people should be paid a certain amount even if the job is not worth it?
• Fuel tax is a fact of life that will not go away.Pink batts was a stupid Left idea. The
current pickle is partly down to the Loony Left.
• Why put up the GST(harder on the poorest) or any other taxes. We have a spending
problem, not a revenue problem.
Posted by ttbn, Saturday, 3 October 2015 11:06:00 PM"
(end copy paste)

My response to your points is this:
1..... From my perspective, $52,000 is a nothing amount of money if you look at it from an Italian Lira point of view.
Think about it from the other end of the spectrum, from the fiscal policy and money supply point of view.
We in the real world all know there is not enough cash money in circulation.
I think we all know if there was more money around there would be more trade and turnover and better wages and adequate revenue for government.

2...... At Liverpool in far south western Sydney it now costs an average $450,000 to $500,000 to buy land and a house, maybe an old fibro house.
These days a majority of young families can not afford to own their home.

3...... $200 a day is needed for a working husband (sole worker) to come home to his child caring wife, must have money for the days electricity, all food, all toiletries, medicine, phone, fuel work and back, school books, new uniform savings, rent and/or mortgage weekly payments. Plus petrol for the husband to get to work for that day and every working day, whatever work, every day. An individual has nearly double the rent.

Cont’d………..

…….cont’d
Then there is a small saving each day for the movies or a trip to the park or beach or river on the weekend.
So there is a shortage of cash.
So best to increase supply of bottom of economy working cash, in economies worldwide. That is equal worldwide.
Obviously employers must have increased capital at their disposal so as to afford the $200 a day. Let's say, no tax on employers and then employers could afford to pay @200 a day.
Look at this from a point of view at the bottom of the economy.
It is possible to update fiscal policy to include world ocean ecosystem rehabilitation policy. Whole nations live on seafood.
IMF, WB or other institutional understanding and co-operative management of the whole environment of this planet is essential and critically urgent.
4..... The job will be worth it if the economy is balanced , thriving and prosperous.
5…… The pink batts was halfway there. It stimulated some work but used imported materials. It should have been an export generating project, for example to offset loss of wool and living off the sheep’s back.
6…… What is the fuel tax percentage in Brunei ? Export productivity can generate resources for government and industry, instead of milking people at the bowser.
Loony Left Looney Right same difference.
7……. People with adequate money can afford to pay some GST when they decide to purchase an extra.
Reduce and/or abolish GST. Daily essentials at the bottom of the economy, vegetables, bread, meat meat etc, could be GST free.
There is a spending problem because there is a shortfall in overseas revenue previously generated by the wool industry and no newly productive export revenue generating industry to meet population needs

Paul,

Brunnings top quality (red label) Australian potting mix. Australian wages. Australian unions. I'm not complaining about the price, just the difference between the weekend and weekday prices (Australian unions). Note Aidan's comment on quarantine laws. We import too much, but we don't import potting mix.

Aidan,

You are a glutton for punishment. Living on debt is the main reason for the trouble we are in - personally and as a country.

Bazz,

Make work schemes are artificial feel-good schemes that ade far to expensive for taxpayers.

Anything commercial 'run' by the goverment will fail. Only private enterprise can create jobs.

Teamwork between private enterprise and government can create business and employment, just look at how it built this nation, to date anyway.

JF Aus.

1. $52k is a 'nothing amount'? You must be much, much richer than I am. More cash injected. Ever experienced hyperinflation?

2. Home ownership is not a right. Millions rent. Rents are too high because of what we talking about (plus greed).

3. It's a long time since I've been in that position. I would have to see a budget to comment. I do know that some people do not live within their means (see Mr. Macawber). Single earners are rare today, thanks to feminism and want it now attitudes - another problem connected to the topic.

4. Pay is based on skill needed.

5. Too expensive for the public purse. Pivate enterprise must be left to job creation. No demand, no profit, no enterprise. Governments do not do business at all well.

6. Give people more money, then take it back in GST? And, unprocessed food is already GST free. There's another hint for money saving.
Big-spending governments are the spending problem. We export less because we cannot compete. High costs. Back to square one.