Labor ahead in polls

[Jovial_Monk]

@sixoh60: RT @sixoh60: @CraigEmersonMP #1 Richest Middle-Class in the World.Australia Ranked first! http://t.co/sXzvJmvegg" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false; via @HuffPostBiz #auspol

The last 6 years of Labor govt seem to have been times of increasing prosperity! Another sign of that is that while we are 50th in terms of population we are the twelfth largest economy!

[Super Nova]

If Abbott gets in there will be no kind of NBN rolled out!

Turncoat has THREE (3) enquiries lined up! Then the economic illiterate Costello will do an “audit” which, like the Qld one, will be a complete mishmash with definitions changing three times in one paragraph. Said Audit will recommend austerity to “reduce debt” and “get back to a surplus” which like in the UK will see deficits INCREASE as the economy plunges into recession. With Europe, China etc declining that recession will be permanent!

With austerity spending on nation building stuff like the NBN, roads, ports etc etc will dry up.

What rubbish....

.... that recession will be permanent!

What a stupid thing to say. You clearly know nothing about economics.

....roads, ports etc etc will dry up

so NBN will reduce the usage of road and ports ...etc.

It is so silly a statement I don't know where to begin. can you provide evidence from some legitimate authority that supports this outrageous and ill informed claim.

[Jovial_Monk]

The UK is going backwards rapidly under Tory mismanagement.

Here, deficits are helping the private sector deleverage—private sector debt here as in the UK is MUCH larger than the small govt debt. Here private sector debt is being reduced, in the UK household debt has to be rising.

Bigger and more worrisome than a trifle of govt debt in the UK is finance sector debt. This is bigger than govt and private sector debt and is more worrisome since it is unregulated. The Tories are making govt and household debt bigger and are doing nothing about finance sector debt. Worrying!

Finance sector debt here is much more regulated and not as large as the UK finance sector debt. Without the strong prudential regulation here we too would have seen out banks take on far too much debt in a housing boom fed by an incompetent rightwing govt, that of Howard & Costello.

Here the housing sector is picking up and will take up slack left by the miners. I have no idea what can help the UK now.

[mantra]

Oh dear.... the topic is LABOR AHEAD IN THE POLLS... it is about federal issues.

I quoted you...

Abbott is pro-mining and doesn't believe they should pay any tax.

I have asked you twice before to back this up with some facts... both times you have failed and just used personal abuse instead of facts.
I have no comprehension problems.

Now put up or shut up....

Where has Abbott ever said mining companies should pay no tax?

I have given you two references with links provided where Abbott stated there will be no mining tax. If these articles and links are wrong - provide some evidence. If not - end of discussion. You lost.

[Rorschach]

You are kidding right, monk...
We've always done well...
Before I was born we were well off.
Never heard the phrase Riding on the sheep's back I suppose.

Australia achieved the highest global income per capita a few decades after European settlement. The top position was lost around 1900, but a leading position has been retained throughout the troubled twentieth century and reinforced during the current mining boom.

McLean is well aware that GDP per capita, or growth of real wages and other economic measures, does not tell the whole story of national success.

it appears that extending the search for evidence relating to “economic prosperity” beyond the conventional measure of GDP per capita to a range of alternative measures designed to capture further aspects of “living standards” or “well being” does not significantly alter either the Australian trends in prosperity since the nineteenth century, or the position of Australia relative to other countries.

The answer was the discovery that merino sheep could be farmed profitably in New South Wales for their wool, a commodity in strong demand to feed the high demand of the booming English woollen mills.

Crucially, merino wool was worth enough to overcome the “tyranny of distance” and wool remained a leading Australian export commodity, with Britain as its main destination, until well into the twentieth century—producing a massive short-lived spike in Australia’s terms of trade during the Korean War in the early 1950s.

The wool industry was clearly a key reason for Australian self-sufficiency. Wool was the largest export for every decade from the 1820s to the 1950s, with the exception of the 1850s and 1860s, when gold was the winner. There were 75,000 sheep in 1816 and 16 million in 1850. Dividing wool exported by population for New South Wales shows wool rising from six pounds to 113 pounds (weight) in 1849. And in 1850, Australian wool provided 53 per cent of total British imports.

Australia’s second mining boom was sparked by discoveries of gold. McLean in economist mode calls this “a major shock” which “ushered in a dramatic episode in the history of the country’s prosperity”. Its effects rapidly and thoroughly “permeated the social, political and even cultural spheres, some so deeply that their impression has lasted to the present”.

Like wool production, gold was so valuable that the alluvial gold that was first exploited could be produced without sophisticated technology or much capital. A first effect was to attract a rush of mainly young men—like the convicts, ideal demographic material—almost tripling the non-indigenous population in the decade from 1850.

In short, Australians were primary beneficiaries of this first era of globalisation, becoming very rich on the basis of the interactions existing between their natural resource endowment, the efficiency with which this was utilised, the quality of the institutional arrangements, and their choice of an outward-oriented growth strategy.

Australia is in better shape than most capitalist nations, thanks in large part to the “China boom” fostering a great increase in Australia’s terms of trade. But we have spent too much of the largesse provided by the current mining boom, and ham-fisted attempts to tax the mining companies have involved serious conflict with the creators of the greatest single source of Australia’s prosperity. Australia’s productivity surged after the reforms of the 1980s and early 1990s, but has tailed off since then.

http://www.quadrant.org.au/magazine/iss ... prosperity" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;

THE TIME OF REAL AUSSIE PROSPERITY

In the 1950s, 60s and 70s every Australian had a full time job. Every family was prosperous and education was free. Owning our own home was the achievable dream of every Aussie, and food was healthy. Asthma and all the behaviour difficulties suffered by our children today were virtually unknown. Australia was a very happy place.

http://www.oziz4oziz.com/" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;

[IQS.RLOW]

No mining tax is not the same as not paying 'any' tax.

Is dishonesty taught to you leftys in some kind of junior camp as youngsters or is it one of those DNA/missing chromosomes that seems to be responsible for leftwing online paranoia as well?

[Rorschach]

Oh dear.... the topic is LABOR AHEAD IN THE POLLS... it is about federal issues.

I quoted you...

Abbott is pro-mining and doesn't believe they should pay any tax.

I have asked you twice before to back this up with some facts... both times you have failed and just used personal abuse instead of facts.
I have no comprehension problems.

Now put up or shut up....

Where has Abbott ever said mining companies should pay no tax?

I have given you two references with links provided where Abbott stated there will be no mining tax. If these articles and links are wrong - provide some evidence. If not - end of discussion. You lost.

And all you are proving is that it is YOU who have a comprehension problem and can't answer the question...
can't refute, can't back up... liar liar pants on fire.

Get an adult to explain what you said to you... then you can stump up some courage and apologise.

[Rorschach]

No mining tax is not the same as not paying 'any' tax.

Is dishonesty taught to you leftys in some kind of junior camp as youngsters or is it one of those DNA/missing chromosomes that seems to be responsible for leftwing online paranoia as well?

Apparently the prog left have a stupidity gene.

[mantra]

No mining tax is not the same as not paying 'any' tax.

I know that. The issue we were discussing was Rudd's mining tax.

[Rorschach]

See what I mean... sigh...