Solidarity Forever

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15 Responses to Solidarity Forever

  1. Bluey says:

    I understand Singapore has one of the highest rates of home ownership in the world, and they have a similar system. I’d much rather be able to take advantage of my super like that than have the government seize it sometime in the next 30 years before I can use it.

  2. Entropy says:

    Nice of Patricia to act as a former PM’s media person.

  3. Bruce of Newcastle says:

    Labor sure doesn’t want people to liberate their money from the union-controlled industry fund grift do they?

  4. Not Trampis says:

    It isn’t union controlled. It is 50:50 ration with employers and those funds are way cheaper and usually have better returns than the retail funds.

    notice how What Keating has done has nothing to do with housing policy. It never does with wealthy people. notice how former ALP types are never allowed to be successful either.

    Both parties policies are crap. The only way to get housing more affordable to to reduce housing prices over an extended period. If it is too short then you get a recession.
    alas I have no magic solution to this dilemma

  5. Fat Tony says:

    Not Trampis says:
    17 May, 2022 at 8:41 am
    It isn’t union controlled. It is 50:50 ration with employers and those funds are way cheaper and usually have better returns than the retail funds.

    Are these the funds that have heavily invested in “green” scams – windmills, solar “farms”, geothermal, tidal/wave generation…?

    Good thing super funds are for the long haul…

  6. Not Trampis says:

    ever wonder why they clearly outperform retail funds. i didn’t think so

  7. Boambee John says:

    Non Mentis

    those funds are way cheaper and usually have better returns than the retail funds.

    “Investing” in green subsidy harvesting schemes (de-sal plants, solar farms and windmills, where your maaaaates will ensure the ongoing subsidies might help here.

    notice how former ALP types are never allowed to be successful either.

    Much of their success seems to occur while they are still in Parliament, the remainder seems to come from cashing in on their political contacts, or selling themselves to foreign governments (and plenty of Lieborals do the same).

    ever wonder why they clearly outperform retail funds. i didn’t think so

    Clearly you do not think at all, but since you lack a mind, this is to be expected.

  8. Not Trampis says:

    oh dear investing in ways that are more reliable and cheaper than coal fired power stations. Yeah I can see how you don’t understand investing. Another thing. There is a lot.

    no most like keating make their money after parliament. Remember ozenet at all.

    do you ever get embarrassed by scoring so many own goals?

  9. Boambee John says:

    Non Mentis

    And if the artificial subsidies market collapses, what will you say then?

    more reliable and cheaper than coal fired power stations

    Particularly at midnight on a windless night? You don’t know much (except the propaganda) about ruinables. do you?

    Classis home goal, aggravated by technical ignorance.

  10. Buccaneer says:

    Interestingly Waleed Aly sided with the government on this one, saying he thought it was a good idea. He was immediately shot down by the obligatory ignorant economics ‘expert ‘ saying that super outperforms the housing market. The man must be deluded, I’d like him to show one person that got half the return from their super that the median house price appreciated over the last 30 year while contributing the mandatory amount from an average wage.

    I’d like to see an institutional investor who has beaten Australian mum and dad home owners over the last 30 years.

  11. Buccaneer says:

    Even if you were to contribute the 12% from and $80K wage and get 10% every year for 30 years with no losses and no fees you would still only get $1.5 mill. The median Sydney house price has gone up about $1.2 to 1.3 mill in the last 30 years and there is no tax on that.

  12. Not Trampis says:

    I see the high school drop out believes it is windless all over Australia at the same time.
    If he had a brain he would be dangerous.
    Why does SA have the lowest wholesale prices and the most reliable electricity of any state.
    Just remember it is likely the very people Morrison wants to help with his hairbrained scheme took out a lot of super when we had the lockdown.
    Even if they did not if they are first home buyers they do not have a lot of supper to call on.
    Ever wonder why he won’t release any modelling on this.
    It impact on prices.
    the only thing that can do anything about housing affordability is a fall in house prices for a long time.

  13. Boambee John says:

    I see the high school drop out believes it is windless all over Australia at the same time.

    I see that the idiot who doesn’t understand the technicalities of power generation and distribution thinks that Australia is (or can be) covered by a cost-free nationwide network of transmission lines that do not suffer from transmission losses.

    Why does SA have the lowest wholesale prices and the most reliable electricity of any state.

    With such an excellent position, why does SA not cut off the interconnecter to Victoria, and why does it also want one to NSW? Idiot (and an ill-informed one at that).

    Just remember it is likely the very people Morrison wants to help with his hairbrained scheme took out a lot of super when we had the lockdown.

    Non Mentis is a bank teller, he knows the financial situation of everyone.

    Ever wonder why he won’t release any modelling on this.

    I’m surprised that you have not been spouting the Ponds Institute modelling (that said super was a better investment than home ownership, but seems to have forgotten to take into account the costs of renting).

    PS Thanks for recognising more of my educational qualifications. You have moved me from being a primary school failure to a high school dropout. A couple of more years, and you will recognise my university qualifications.

    You, however, will remain a pre-school failure.

  14. Bruce of Newcastle says:

    Who’d want to be a bird in South Australia?
    The hypocrisy of “environmentalists” is amazing.
    Oh and about that low wholesale price…

    Fever-priced in South Australia today: Ten hours forecast above $10,000 a megawatt (12 May)

    Not unusual as I recall, although I haven’t been keeping an eye on the AEMO data for a while. This webpage is my preferred one, simple and to the point.

  15. Lee says:

    Why does SA have the lowest wholesale prices and the most reliable electricity of any state.

    SA gets much of its electricity from Victoria.

    Ever wonder why he won’t release any modelling on this.

    Any thoughts, genius, on Albo storming out of a press conference today when asked to provide costings?

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