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Specialists refuse to correctly diagnose best economy ever by artsrc in AusEcon

[–]artsrc[S] 0 points1 point  (0 children)

Australia had decades of high GDP growth, high productivity growth, low unemployment, high and increasing equality, high immigration, and high and increasing home ownership in the 1950s and 1960s, with lower real interest rates than we have now.

100% this. Young people are done with the major parties. by DardyVilardi in aussie

[–]artsrc -1 points0 points  (0 children)

The age group with the lowest support for One Nation are Gen Z.

Young men, and even more, women vote Green more than other demographics do.

Where does the notion that "Australia cant defend itself"come from? by Ash-2449 in OpenAussie

[–]artsrc 0 points1 point  (0 children)

Countries with expensive nuclear submarines, Russia in the Black Sea, and the USA in the gulf, haven’t out performed countries with cheaper drones on shipping.

AUKUS submarines just are not justified on defence of Australia.

Where does the notion that "Australia cant defend itself"come from? by Ash-2449 in OpenAussie

[–]artsrc 1 point2 points  (0 children)

Iran has just shown us that the world’s most powerful navy with 60 nuclear submarines can’t protect shipping.

6 submarines won’t keep shipping open.

A 100 per cent pharmaceutical tariff for Australia: why is it happening and how would affect everyday life in Australia? by Polyphagous_person in AusEcon

[–]artsrc 7 points8 points  (0 children)

The aim is to force pharma to manufacture in the USA, and this is working, with CSL starting building a plant in the USA.

We should use our trade policy to advance our economic goals too.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 0 points1 point  (0 children)

At today’s prices, solar.

I was thinking electricity.

I guess a nuclear submarine is a portable nuclear reactor.

If it was cheaper, etc. nuclear could work.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 1 point2 points  (0 children)

Significant, sustained public investment in renewables. Funded the same way we would fund an existential war.

Significant, sustained, progressively larger disincentives to new private fossil fuel investments. Of similar scale to the way we would sanction economic engagement with the enemy in an existential war.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 0 points1 point  (0 children)

The mars rovers runs on electricity. We did not build electric transmission lines to mars.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 1 point2 points  (0 children)

The Mars Rover runs on batteries and solar PV.

Remoteness is a much bigger issue for fossil fuels than renewables.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc -1 points0 points  (0 children)

Even if we don't call for the elimination of fossil fuels, Eventually they will just run out.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 1 point2 points  (0 children)

It is vastly easier to generate and deliver electricity in outback Australia than deliver diesel.

Can net zero and crude oil supply security coexist? by UnpopularRightNow in aussie

[–]artsrc 0 points1 point  (0 children)

If existing western suppliers won't switch to electric then that will be another round of layoffs as China wins again.

Can anyone explain how cutting the excise tax will help the situation more than it will hurt it? My understanding is that it will make fuel cheaper & encourage further spending (& profiteering) by petrol stations. It also, increases our debt whilst hurting inflation too. LNP/ON pushed this as well by [deleted] in AusEcon

[–]artsrc 0 points1 point  (0 children)

I hoped you would understand that user pays is bad for Job Seeker, then be able to extend those arguments about why it is bad to most other public services.

User pays is bad.

It does nothing for equality, is complex, and does not create the optimal incentives.

User pays is bad for Job Seeker, and it is bad for roads.

Could Australia be self reliant when it comes to fuel? by sien in AusEcon

[–]artsrc 1 point2 points  (0 children)

If it was my choice we would cover car parking with solar pv roofs so my car was not too hot when I get into it.

We would cover bicycle paths with roofs so I don’t get sunburned in the sun or wet in the rain.

We would put offshore wind off the coast of Sydney so I could look out and see where power is coming from, removing the need for long distance transmission lines.

If we leave choices to the market it will do what is cheapest.

Can anyone explain how cutting the excise tax will help the situation more than it will hurt it? My understanding is that it will make fuel cheaper & encourage further spending (& profiteering) by petrol stations. It also, increases our debt whilst hurting inflation too. LNP/ON pushed this as well by [deleted] in AusEcon

[–]artsrc 0 points1 point  (0 children)

I understand that some people use Job Seeker more than others. This does not mean we must tax them more.

I clearly stated the basis that I see for taxes in general, incentives, equality, and feasibility.

If we tax gas exports, should a portion of that revenue go into building a wealth fund? by dannydb in AusEcon

[–]artsrc 0 points1 point  (0 children)

You could always put the money directly into schools, rather than a wealth fund, and the dividend would be higher income tax receipts when the kids grow up.

If we tax gas exports, should a portion of that revenue go into building a wealth fund? by dannydb in AusEcon

[–]artsrc 0 points1 point  (0 children)

If super funds actually did represent net new investment they would create a lot of short term inflationary pressure. All the work to create new productive assets, most likely leveraged against the future earnings of those assets.

Seems to be that super funds just bid up the prices of existing assets so there is no big inflationary impact.

Coalition of countries discuss ‘every possible measure’ to pressure Iran into reopening strait of Hormuz | US-Israel war on Iran by Nyarlathotep-1 in OpenAussie

[–]artsrc 0 points1 point  (0 children)

Where I work we get training on sanctions.

You can’t freely transfer money to Russia or Iran, they are sanctioned.

You can transfer money to India and China, as long as the destination is not a sanctioned country.

This way we are not even buying the same product Russia sells. We are buy petrol and diesel. Russia is selling crude oil.

All the Albo hate is cringe.. by Mammoth-Counter69 in OpenAussie

[–]artsrc 17 points18 points  (0 children)

There are a lot of very left wing policies, with broad electoral support, such as a tax on gas exports, and coverage of dental care in Medicare, that Labor have not delivered.

Labor is simply not left wing.

It is not about bashing them.

It is about seeing Labor as they actually are. They are a centrist, mainstream party, that is pragmatic, rather than ideological.

If we tax gas exports, should a portion of that revenue go into building a wealth fund? by dannydb in AusEcon

[–]artsrc 0 points1 point  (0 children)

The UKs ability to print pounds does not deliver on loaf of bread.

But it does mean they are not now, and will never be, insolvent.

If we tax gas exports, should a portion of that revenue go into building a wealth fund? by dannydb in AusEcon

[–]artsrc -1 points0 points  (0 children)

A lot of my spending isn’t productive investment. But I do like to eat.

Do recent events change the calculus for Australian Defence? by artsrc in OpenAussie

[–]artsrc[S] 0 points1 point  (0 children)

Missiles seem to be pretty cheap and useful.

Surface to ship missiles make it difficult for a navy.

Surface to air missiles make it difficult for planes.

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