The Forum > General Discussion > Is Australia a Nation of Rent-Seekers.
Is Australia a Nation of Rent-Seekers.
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Posted by mememememememe, Friday, 15 September 2017 12:14:41 PM
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"The Reserve Bank has retained its position as one of the world’s best paying central banks, with governor Philip Lowe’s salary holding at just over $1 million, or almost four times the earnings of US Federal Reserve chairwoman Janet Yellen."
Philip is seeking a Martin Place tent rent with Harbour views and copper /gold dial-up four times. Posted by nicknamenick, Friday, 15 September 2017 12:25:09 PM
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Dear Paul,
This may be a bit out of date, but nevertheless I think it's worth reading what the Professor has to say: http://theconversation.com/audio-qanda-professor-joseph-stiglitz-on-inequality-rent-seeking-and-australias-brand-name-28964 Posted by Foxy, Friday, 15 September 2017 12:45:48 PM
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nicknamenick, "The Reserve Bank has retained its position as one of the world’s best paying central banks, with governor Philip Lowe’s salary holding at just over $1 million, or almost four times the earnings of US Federal Reserve chairwoman Janet Yellen."
Well picked. However in view of the alleged misreporting of PM&C executives pay rises I might wait and see, http://www.themandarin.com.au/83536-parky-returns-fire-pmc-not-give-executives-12-pay-rise/ Good to see APS SES correcting the record though, eg.,Dr Gemma Carey . Posted by leoj, Friday, 15 September 2017 2:30:13 PM
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leoj. you would be well familiar with what it is like to be a small time, small scale, 'rent-seeker', being one yourself. Having under your previous nick of onthebeach, once boastfully claiming on the forum, to have sold land to 'city slickers' at twice the market value. A little bit of profiteering at the expense of the unsuspecting, ah! A case of buyer beware, were you wearing your white shoes at the time, do you still dabble in that section of the property market, or are you retired and living off the profits?
This Green would like to know. Posted by Paul1405, Friday, 15 September 2017 4:44:02 PM
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We know all about it in Queensland. They are still finding more corrupt councillors & rent seeking fellow travellers in the Lefty/Labor Ipswich council every day.
Posted by Hasbeen, Friday, 15 September 2017 5:01:26 PM
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We built the Asian century and gave our kids substandard infrastructure with the profits to compete for food and shelter in it!
That is the biggest practical joke the baby boomer generation ever played on its kids and it will never be forgotten!
(Yes, they are ashamed of it!)
It's the legacy you give when you're not really giving a legacy.... Go Australia: where are we allowed to go again?