12/06/2023
How do we fix our current financial woes?
So when is someone going to actually tell us what to do financially to stop the pain for the Australian public.
How do we stop interest rate rises and inflation growing?
I hear we need unemployment to rise because it’s to low…. Does that not put more people / businesses out of work and increase government benefits as opposed to getting money from taxes?
Cost of electricity is rising because of the war in Russia? Umm… we make our own power…and are closing down power stations faster than finding / constructing apparent green alternatives…
People can’t afford to buy a house…. Maybe don’t look at a 4 bedroom inner city house…. You might have to move and travel to get to work.. yet the government gives out more handouts to make it easier and cheaper …. How about those that already own a house…. More quantity has to push values down..
Housing companies are closing down due to cost increases and lack of materials ….. We have forests and trees here…. We had a timber industry which the government has chosen to shut down…. Initially in 2026 but gone 4 years early and spending nearly $300 million in compensation / re- training etc…
So how many trees will grow now - then we will have a bushfire and blame climate change …. Not an abundance of forest growth…
We continue to have to pay a premium price for trades / building for construction …. Yet when they collapse the government bails them out / pays the “victims”… you can’t have your cake and eat it too…. Everything we overpay for…. Someone else’s is increasing their price to cover the cost…. A vicious circle of spending….
It would be nice if the governments set an example - what’s the point of a budget if you overspend each year… and just keep the interest rising…. For example - Victorian Government pays $10 million a day in interest…that’s $3.6 billion a year and still increasing….Instead of worrying about your own jobs and legacy projects…. How about we tighten the purse strings and knock down the debt… allowing us to recover and spend money where it’s needed.
As home loan interest rates rise so do the rates on savings. Figures suggest that Australia has approximately $365 billion in home loans and $1.3 trillion in savings accounts….. so does it not cancel itself out or even cost more to pay more interest on savings - why keep punishing those with home loans?
When will the government/ banks/ big businesses stop blaming something or someone else and provide actual solutions to make everyone’s lives simpler…. and more cost effective!