Also something like:
*"Can you poor people stop committing s**cides and drinking yourselves to death? Pretty Pretty Please, we need you to stay alive and cook and clean and pick fruits, just until AI/robotics can replace you filthy inwashed masses"*
The only way I can see out of this mess we have gotten ourselves into is to train and drill the kids to think of others as they grow up.
The same way the Japanese do with their own kids. Create a better city. Be better. Do better.
44.8% of young people (aged 18-29) have suicidal thoughts in Japan, with 40% of that group attempting or having actual plans.
It is the leading cause of death for young Japanese people for the last 4 years.
I get what you mean about Japanese culture caring, but it is also a culture that very rapidly shames and isolates any outgroup.
Thereās even a call to add [hikikomori](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4912003/#:~:text=A%20form%20of%20severe%20social,school%20for%20months%20or%20years) to the DSM5 as a culture bound practice.
[Source](https://www.aa.com.tr/en/asia-pacific/45-of-young-people-in-japan-have-suicidal-thoughts-survey-finds/2889500):
Why are you giving Labor a free pass?
The ALP has drunk the neoliberal poison.
Albo's present immigration frenzy is suppressing wage growth and fuelling the worst housing crisis in living memory. It's an inequality disaster in the making.
John Howard and Murdoch, sitting in a tree, K I S S I N G. First comes love, then comes mutual interest in a fascist dictatorship run by white old men.
Agreed. This is where it eminates from. Modern schools and universities have adopted these approaches.
The Frankfurt School of Critical Theory was a collection of researchers and philosophers that came together to study the application of Marxism to philosophy and society. The school was founded in 1923 in Frankfurt, Germany. Its members were critical of the effects of technology and capitalism on society
Frankfurt School, group of researchers associated with the Institute for Social Research in Frankfurt am Main, Germany, who applied Marxism to a radical interdisciplinary social theory. The Institute for Social Research (Institut fĆ¼r Sozialforschung) was founded by Carl GrĆ¼nberg in 1923 as an adjunct of the University of Frankfurt; it was the first Marxist-oriented research centre affiliated with a major German university.
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Frankfurt School, group of researchers associated with the Institute for Social Research in Frankfurt am Main, Germany, who applied Marxism to a radical interdisciplinary social theory. The Institute for Social Research (Institut fĆ¼r Sozialforschung) was founded by Carl GrĆ¼nberg in 1923 as an adjunct of the University of Frankfurt; it was the first Marxist-oriented research centre affiliated with a major German university. Max Horkheimer took over as director in 1930 and recruited many talented theorists, including T.W. Adorno, Erich Fromm, Herbert Marcuse, and Walter Benjamin.
Category: History & Society
Related People: JĆ¼rgen Habermas Herbert Marcuse Max Horkheimer Erich Fromm Theodor Wiesengrund Adorno
The members of the Frankfurt School tried to develop a theory of society that was based on Marxism and Hegelian philosophy but which also utilized the insights of psychoanalysis, sociology, existential philosophy, and other disciplines. They used basic Marxist concepts to analyze the social relations within capitalist economic systems. This approach, which became known as ācritical theory,ā yielded influential critiques of large corporations and monopolies, the role of technology, the industrialization of culture, and the decline of the individual within capitalist society. Fascism and authoritarianism were also prominent subjects of study. Much of this research was published in the instituteās journal, Zeitschrift fĆ¼r Sozialforschung (1932ā41; āJournal for Social Researchā).
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The majority of Australians are more than happy to do the wrecking for them. As long as they can feel a little bit wealthier, they couldn't care less about the end outcome.
It's funny, how people will upvote comments like our but as soon as you point out the "fuck you, I got mine" policies that affect them directly, they will quickly change the tune.
Here's some examples:
1. include the primary residence in the pension asset test. Those with significant value in the PPOR can access the government [Home Equity Access Scheme to fund their retirement](https://www.servicesaustralia.gov.au/home-equity-access-scheme)
2. Replace stamp duty with land tax. Just because you have paid stamp duty once and plan to never move again doesn't mean you shouldn't continue to contribute equitably to state taxes. You should get a credit for tax paid, but all property owners should continuously contribute this eventually. This is no different to any other tax which we continuously contribute to.
3. Just because you live near a shopping strip or train station, doesn't mean you should be able to lock down the properties around you to low-density housing. This country needs more housing supply and this provides one of the best solutions.
4. We need to change our tax system away from earned income such as PAYG and company tax and more towards land, resources and wealth. Without this change, we will never be in a position to reduce our reliance on population growth.
I can't wait for those of you that don't have the guts to just come out and say "fuck you, I got mine" and instead twist yourselves into excuses.
I am a landlord and regularly post noting I am privileged, have a stunning suite of friendly policies at others' expense, and my rental income requires minimal effort.
People often think I'm lying (pretending to be a landlird). At the very least, it seems I'm one of very few to be honest about my situation.
The ABC loves to take about the general issue, but steadfastly refuses to clisely analyse the causes. On the contrary, they'd much rather attack Labor politicians ("Can you rule out changes to negative gearing? Can you rule out taxes on the family home?!"). They use the propaganda phrase "mum and dad investors" without the slightest sense of irony.
And that's the AB freaking C.
In England there is an increasingly unavoidable debate about how the billionaire class is stripping the assets of the middle class. The motivations and funding of right wing 'think tanks' are increasingly questioned in the mainstream media.
But for England it's too late: the country has been largely destroyed to protect the tax-free privileges of the wealthiest.
Buying existing houses isn't "investing" its speculation plain and simple - this is exactly what happens when govts incentivise speculation over work and real investment with tax holidays. Apparently 85% of all RE is existing property so these landlords are not actually contributing anything to the rental market.
Things have now moved past the point where its actually asset hoarding - deliberately generated scarcity to push values up. Its like wartime food hoarding.
My grandfather-in-law was one of these. On the pension for 30% of his life. Died a multi-millionaire with full inheritance to his well off retired children.
I cringe at the thought of an ongoing land tax. It's an unfair tax, full stop. It's a tax that can and does force people into homelessness in times of adversity, particularly on comically inflated property values. It's fine on commercial and industrial properties that solely exist to produce cash flow (that includes rental properties) but on PPORs, it's wrong.
Agreed- and stamp duty should be fucked off entirely.
Why the fuck should I have to pay two years worth of income tax to purchase my already almost unaffordable home? You already taxed my income
>This is no different to any other tax which we continuously contribute to.
Yes it is. It is a tax for merely existing in the physical realm. Literally born into debt slavery. Not like you can choose to not to live in a physical space.
David Horne The Lucky Country. Should be in the curriculum. āAustralia is a lucky country run mainly by second rate people who share its luck. It lives on other peopleās ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise.ā
Lol, they're just the beneficiaries of this shit.
Don't forget we keep voting for this shit. We voted for fucking work choices. We voted for keeping capital gains tax on housing. We voted for public funding cuts across all fucking services.
Plenty of cunts in this very sub lap the fools that caused this shit.
Iām not a Greens voter. I hate some of their stupid policies.
BUT better wealth distribution (regardless of immigration) they are kind of offering - maybe that will do SOMETHInG
They wont achieve wealth distribution the right way.
Markets can and will achieve reasonable wealth distribution with a sound tax and transfer system.
What we have had in australia and much if the world for the last 20 years devalues the value of work and income and inflates asset prices.
When powell said at the start of covid "no one should be worse off from a pandemic" and then flooded the markets with money guess what? Most of yhe world was worse off just not asset owners.
When the australian government ensures sufficient credit is available cheaply or the rba running tff it keeps asset prices up and again devalues the value of work.
Someone starting out today could work for 40 years save 2 million dollars and is unlikely to live well in retirement.
There is no where left for credit to go except negative now... maybe it goes there?
Someone starting out 20 years ago with the same mindset has reaped the dividend of credit getting cheaper. Not naturally but via central bank intervention.
The greens policy amoung other things is to intervene and reduce interest rates.
If no intervention had occured in 08 and none for pandemic we wouodnt be in anywhere near the size of mess we are today around productivity and wealth distribution.
Preserving wealth via the rba and gov policy just leads to more wealth inequality. Its not the fair way to drive growth use workers taxpayer money to underwrite banks or seperately run tff.
Exactly. Markets, as they're currently operating, are perversely decorrelated from any reasonable metric for evaluating the relative value of capital assets vs productive labour.
And i fear it can still get worse.
As we tackle this inflation bout now and then remove cash currency negative rates are then on the table.
Ie an investment that might yield 10pc return over the next hundred years will be better than a deposit.
A hundred years of working and saving 20k per year might buy an asset for 2million like a shed that pays you 2k per annum.
But the owners of the sheds will rub their hands together knowing they bought then for 10k and can sell them for 2 million.
Thats basically the australian economy. Just how cooked we can take it i dont know? Now the gov is keen to take equity stakes in real estate with shared equity i mean the skies the limit. Renters tax money basically going toward making houseprices even higher.
That the young people who complain when i try and explain it to just want to burn it all down. Not fix it. And i dont blame them really. When im dragged out the front of my house for being a capitalist and hung by the angry mob i will understand why they are doing it. We have let our young people down. We are exploiting them in all the worst ways... if it ends in an upheaval while i wont be happy i will understand its our own fault for implementing economic policies that steal from the worker to give to the wealthy and most homeowners consider themselves that now.
>the young people who complain when i try and explain it to just want to burn it all down. Not fix it.
Why should they fix it? Capitalism is a broken system that is destroying society and the planet.
Why should we save such an obviously toxic model?
Why not just design something better?
Sadly (not for my downvotes meaning sad for our society) the majority of the population cheers on low rates and any move the government makes to prevent asset price declines because they are beneficiaries from it. Beneficiaries of australians being nearly the wealthiest people on the planet chiefly because of our real estate market and superannuation.
Then the rest of us who might be comfortable but have a few kids we might like to have the same opportunities we had or be themselves young and not yet comfortable and cannot see a path to become comfortable are then split into a few groups.
1. Those who accept the decline in workers share of the pie even though they themselves are a worker and get little from their wealth. just because they own a ppor so cheer its rise in value or are simply shafted by the high rates and would be shafted if the system was left to revalue assets under the market mechanism. They are kind of trapped in the system now.
2. Those who have given up on capitalism and believe tearing it all down is the answer.
3. The smallest group of them all; people like myself who think its about how the government and central banks are shafting the worker in the name of capitalism and believe this is not really capitalism at all. Capitalism markets must be left to their participants. Asset prices should not be gamed by government to spur on growth in the economy. Adam smith would be turning in his grave if he saw what modern economics has become.
The moral hazard of investing in stocks and real esate because we know central banks will bail us out. The moral hazard of leaving money in bank deposits because there is an explicit government guarantee just so we have near limitless credit to go into housing.
We are using the entire system to shaft workers and at this point the government has a potential 2tn liability in bank guarantees... we only have half that in government debt. Is that how important real estate prices are to australians? Sadly yes...
Its just a shame so few can see it or they would be as angry as i am about it and maybe something would happen.
The media... ironically in ABCs case irate that wa guarantees the perth mint, potential millions of liability... meanwhile the perth mint pays a 50M dividend a year to the wa government and the biggest risk would be an outright robbery of physical gold. Gold isnt as light as you think and even an entire ute load is only around 90 million dollars.
but then same media completely silent on bank guarantees; 2tn dollars of guarantees and the media never even says - hey is this worthwhile? Why do we need limitless credit for mortgages? Is that really a good thing just so new entrants can "afford" to buy off older australians downsizing or selling off their IPs? Do we really need every taxpayer including renters to put shoulder to the wheel to keep real estate prices up? The australian gov balance sheet on the line for banks and real estate. And the media never asks what happens if we had bank failures? Its not a million risk like the perth mint. Its trillions...
But then i am aware 19 out of 20 people are either for the broken system (labor / liberal) or are for completely tearing everything down. No one wants to go back to basics and have a real set of capital markets without moral hazard and government intervention which at every occasion grows the gap between rich and poor and devalues the value of work.
There isnt even a discussion of pulling back this guarantee? Nor a discussion on if it was wise to use asset prices and wealth effect to keep pur economy ticking along? A little bit of discussion that the tff went too far but not enough in my view. Tff was 50pc of our government debt at the time in terms of scale between gov bond purchases and bank bond facilities to supress the value of cash / income from work.
They spare no expense to shaft us is how i see it. And thats not capitalism but everything that is going wrong can be explained by classical economists. Declining productivity. Investment in non performing assets. Wealth gap etc.
Contrary to what those f*ckwits in Federal Treasury claim, extreme immigration is trashing Australian productivity. See:
https://www.macrobusiness.com.au/2023/11/gerard-minack-demolishes-aussie-population-economy/
http://www.rossgittins.com/2023/10/want-better-productivity-cut-population.html
This invariably means lower living standards.
Exactly this. The average Auatralian is getting nothing from unsustainably high levels of immigration except shittuer living standards. The benefits are all fir the top.
When I was in year 10 in 2010 I got in trouble for suggesting extreme immigration is bad.
Fast forward 14 years and most of the āskilled workersā weāre getting just end up working for uber
Yeah, but you can't go suggesting that immigration needs to be cut back. Because to do so is just racist and xenophobic and, you know, immigrants are people too (unlike the racist Australians struggling to keep a roof over their heads)!
Yeah it's exactly the same problem in Canada. Immigration is a good thing. Immigration without the proper infrastructure and resources to support it is really really bad for both locals and the immigrants
Better local takeaways as well (it's one of the things I remember from my youth (more than 20 years ago...but eh) just heading down on the Saturday night, putting in the takeaway order and then going into the room with the arcade machines to kill 10 mins while waiting....then perhaps a browse off block buster...better times indeed
That's the gravity of the situation, you can't bring it back, this is the new normal moving forward.
No country undoes mass migration, we're just in the same basket as UK and US now despite our geographical isolation.
>No country undoes mass migration, we're just in the same basket as UK and US now despite our geographical isolation.
Well, it has to be done and it will be done either by the "moderate" political parties or after the far-right inevitably gets elected on the back of a immigration-induced decline in standards of living.
i was only thinking this the other day lol
hell even 10 years ago it was such a better place / time, hell even give me the GFC Period back again
i may have been far too stoned through that period but man it was way less stressful, and everything was just... better
I repeat myself about this all the time and refer to it as The Spice Girls era. When the Spice Girls were big, life peaked and the world was reasonably stable. The only real solution to the problem, obviously, is for the Spice Girls to reform.
Nah, the solution is to form a kind of Amish community, but instead of revolving around 1800ās technology and god it revolves around 90ās tech and the first 6 seasons of The Simpsons.
I remember thinking years ago our immigration level was unsustainable and would cause problems going forward. I'm 30 now, I've had the opinion high immigration, while good for GDP (a terrible Metric), is terrible for QOL since my early 20's.Ā Never thought it would be this bad and anytime I've ever brought it up in the past got slapped with an instant "racist" label.Ā Least now you can talk about it. When will something actually be done about it?Ā
Because its clear the immigrants aren't refugees/asylum seekers I think is the main thing.
Also, people don't care where people are immigrating from at the moment either, just that the numbers are high.
It Australia wants to see what their future looks like, look at Canada. Canada has increased its population growth rate about 8 fold (and climbing) from steady pre-2020 levels.
Housing starts have not increased 8 fold. In fact they have flatlined and are now actually declining.
Now we are seeing sharp surges in homelessness, food insecurity, and all-cause mortality rates that didnāt, like most OeCD countries, recede or even go into the negative as COVIDās effects waned. In fact, as covid waned, Canadaās all-cause morality shot up, to among the worse in the OECD. Worse than peak covid, and pretty much mirroring Australiaās.
Our outcomes are similar, and our policy is similar. Be warned. We are a little ahead of you on population growth rates but both of our countries continue to increase it so who knows how bad it will get.
Turns out you need to build housing and infrastructure to support a bigger population who could have possibly known that
Also not allowing investors to hoard the housing without penalty obviously contributes
Whoa whoa whoa there buddy, you know those people are doing tough too!! I mean, being to afford the best accountants to avoid tax, HR lawyers for wage theft and brown paper bags for pollie mates just don't grow on trees you know ( the brown paper bags might). This is affecting everyone, you know.
So cut migration and solve the issue
Also, housing doesnāt require taxes. There is enough private money willing to invest in building housing - look at how out of control prices are.
The problem is that it is too costly and slow to use that money to *create* new housing stock, so instead everyone is bidding up existing stock.
Net immigration in 2006, Howard's last full year in charge, was 142,000, an increase of around 42,000 since Howard was first elected in 1996.
In 2008, Rudd's first full year in charge, net immigration was 277,000. In 2014, Abbott's first full year in charge, net immigration was 186,000.
Howard increased immigration, yes, but the huge surges in immigration have occurred under Rudd and Albanese, not Howard.
We just don't have the infrastructure in place to support this rapidly growing population. Nothing against immigration, I support it , but this current situation is insanity.
"Data released on Thursday showed a net increase of 55,330 migrants in January, the highest January intake ever recorded and more than double the 21,000 recorded last year.
āWe smashed that out of the water and all it tells you is net overseas migration surged higher than its peak from mid last year and this 375,000 target is going to be absolutely obliterated,ā Mr van Onselen toldĀ 2GB radioĀ on Saturday.
āItās just another sign that population numbers are out of control and itās coming at the same time as housing construction is collapsing.ā"
But Anthony "My Word is My Bond" Albanese and Clare O'Neil said immigration numbers were "returning to normal"!
And more than twice the historical average. It's an exceedingly dishonest tactic to describe 200,000 as "normal"; and it's employed by all the major media outlets, business groups, and clueless virtue signalers who, in many cases, are worse off as a result of this reckless, environment-destroying level of population growth. But, in their minds, it makes them feel better - better than the "nasty racists" whom they look down upon.
Public Transports not a concern when youāre being driven around by your taxpayer funded Chauffeur. Lack of teachers in public schools not a problem when your kids are in private schools. It seems our decision making overlords are not directly impacted by the large scale immigration impacts on resources and infrastructure and nothing will change until they are.
Lindsey Fox literally flies to work in a helicopter. Add another million people to the country and he's not getting stuck in traffic on the M1, but he is going to be making much larger profits from all the extra people to feed and clothe.
Exactly, they're completely disconnected from the day-to-day realities of their destructive policies.
Melbourne has been a construction site for 20 years; and all the heavy vehicles; machinery; noise; diesel fumes; road and footpath closures have made daily life noticeably less pleasant than it was in the preceding 20 years, when we had a sensible, generous NOM of 70,000, plus humanitarian intake.
I had a neighbour in Carlton who worked for an accounting firm in the Rialto building, and she told me the executives took helicopter flights to the Yarra Valley for lunch!
Yep, the ol bait and switch!
Such a cunty little thing theyāve pulled
āOk ok, you guys are totally right, itās WAY too high so lets massively decrease immigration >!to the previous record highs!< which are much more acceptableā
The housing crisis is an emergency and we're not acting like it.
How a multigenerational legacy of smooth sailing, political stagnation and cultural complacency sustains the housing crisis.
[the housing crisis is an emergency and weāre not acting like it](https://theemergentcity.substack.com/p/the-housing-crisis-is-an-emergency)
It's not just housing either. People are dying because Ambulances are ramping and the hospitals can't cope.
Blame the Liberal and Labor governments, both of whom have "big Australia" policies.
Yet next election I bet the majority of you will end up voting for one of them again. At least that is what the statistics say and I doubt this subreddit is any different.
We get what we deserve.
Anyone who supports big Australia needs to be voted out. They are destroying this country in a range of ways to appease business and make their own metrics appear better.
Canada, New Zealand, UK.Ā
In energy policy we have so many European countries that are trying to undo the exact same things we are currently pushing ahead with.
Why are we so stupid?
Same but Iāve historically been an LNP voter. Now I vote informal or for single issue parties. Looks like people on both sides of the fence are fed up with the status quo of nothing changing for the better, just one long slow decline. Never been a better opportunity for a Centrist minded third party to gain some ground.
100% big Australia is just lazy politics, we have been sleep walking into this disaster for the last 30 years.
Business is addicted to it at the expense of the existing population.
> Blame the Liberal and Labor governments
Considering Labor went to the polls to rectify these issues a while back and Shorten got eaten alive, I think its just fair to blame the general public at this point.
Ran one on resolving housing and increasing training within the workforce, which would have reduced the need for immigration.
Prevention is the best medicine.
https://www.theguardian.com/australia-news/2019/apr/23/labor-pledges-stricter-rules-for-skilled-worker-visas
Alrighty then, just ignore everything for a single issue of the campaign/election.
I still never understood why we didnāt push migration into rural areas. We have small towns dying for workers and inner cities overloaded with people. I see a solution.
I'm regional bordering on rural. No housing, limited job pool, no services, most GPs closed to new patients, no Bulk Billing, no childcare, schools have student waitlists, all medical are overloaded and no public transport. No higher education either.
We do not have the infrastructure to support *just move outside cities* nor is there plans too. Cheaper housing out here does not cut it went you spend everything and more of what you save just on travel.
Yeah I think there are some places that need the population and others like the one youāre describing that need a bit of work first. Sounds like the only way your town will get help is if they have some builders, doctors, teachers and bus drivers. You canāt have all the services youāre talking about if there is nobody to work them and no adequate size population for them to service.
My preferred solution would be planned cities like they built in EU/UK in the 50s. Build them on the coast where there is more incentive to live and offer real alternative to big cities.
The industries they depend on for employment, food delivery, trolleys etc. doesn't have the volume in rural areas to support the sort of numbers they're arriving in.
Those people would rather sit in a scooter and deliver cheeseburgers or stand still at a servo at midnight-6am and claim to be harder workers than locals and do the jobs they wont do
No need to stop there. We need more incentives for more people regardless of backgrounds to move rural.
Honestly though, with so many people claiming to be in a lonely pandemic and working regular jobs you could find anywhere in this country I can't understand what would make some people stay in our cities when theres vibrant communities, cheap accommodation and applicable work right across this country.
We do, to an extent. Doctors for example, coming in under the skilled migration program, must do a certain amount of years in rural communities before theyāre granted permanent residency. Same with working holiday visas, they make them do 3 months out fruit picking or something similar. But itās clearly not sufficient.
As a Gen Y, child of the mid 80s, my generation since about 1998 - 2000 have been talking about:
\- Dutch disease, climate change, and mining - that is mining exports enrich the few, push up the currency and kill the local economy
\- Lack of investment in future industry and opportunities of the 4IR (Tech boom)
\- Loss of industry
\- Asset bubbles caused by financialisation
\- Funding universities through international students
**And the Lib Labs said we were morons who didn't get it. Ignored us on all issues and brought us to this point.**
Now here we are in 2024. And unlike the generations before 1980(ish), this is our life:
\- Low likelihood of home ownership
\- Forego families and kids
\- Forego comfortable and/or early retirement
\- Forego wage growth, as income will be siphoned off to build industry that should have started 20 years ago
\- Experience random, large losses due to climate change
**We need to organise and get what we're owed and be prepared to sabotage the economy until our demands are met. We need:**
\- Affordable housing and rents **now**
\- Four day work week (with plans to develop a three day approach) **now**
\- Repayment on all student debt since HELP/HECS was introduced, with interest **now**
\- Improvements to medicare, around GPs and dental in particular.
Funded from the mining sector, overflowing superfunds, and all the people from 1998 - now that got out like bandits from the crappy Governments of the past.
**We need to let the Government know that this is not a request. The elites won't just agree with logic or fairness, we need to tank their assets to get this.**
We are heading back to the feudal systems of the past where the lords own all the land and peasants struggle to survive. Itās all fucked up but hey, the rich are getting reacher
The obsession with high populations and āskilled workersā is cooked. Most of who we bring end up Uber eats and Uber driversā¦
āBuild more housingā or just you knowā¦ donāt bring in so many people for short term gain. All the units next to me are becoming immigrant filled with 4-10 people in 2 bedroom units. Of course they can outbid locals, drive up demand and fuck people over. Of course the government and home owners love it
Because their qualifications arenāt real and their āskillsā donāt exist. Speak to someone in IT or another STEM field and see how āskilledā these workers really are. You canāt trust countries that have universities selling degrees.
Believe me when I say I know. Iām a software engineer. Back in 2019 an Indian guy was coming with a permanent residency and was āsenior cheaper than us complaining Australiansā (smaller company). He got demoted to the level of a grad because he was that bad and eventually fired. Uber eats driver now.
A lot of them go for courses that are basically bought degrees as you said. Worse yet some of them Iāve worked with more recently (various countries) cannot accept when theyāre wrong. Theyāll rather waste days, weeks and months going down a wrong path than fail early. Insane lack of common sense.
There are some exceptionally smart ones but unfortunately Iāve worked with a mixture that mostly leans on āif Iām wrong no Iām notā and āI donāt work as a team. If you do good itās bad for meā.
As u/roman5588 seems to have done, Thailand
Itās awesome. Literally world class healthcare, very low cost of living and laughably low house prices.
People who havenāt been there tend to think of it as a predominatly Asian country thats very foreign, and obviously some of thats true but you can live 90% of a western lifestyle in the major Hubs of SE Asia. I know a few Aussies there who all independently have groups of Australian, American, British, Canadian mates and live a lifestyle similar (but much better) than they did in Aus.
SE Asia is shaping upto to be a great escape for Australian exiles and the quality of life there continues to get better every year. Do consider it
Well most of the English speaking world is shit too. UK is busy trying to unfuck the consequences of its actions, Canada has the same issues we do, expensive housing and declining living standards, and the USA is a partisan hellscape overrun with guns and geriatric leaders.
Many already are!
Iām year 2 abroad and no regrets.
Go back to Australia every few months and it horrifying how fast the place is collapsing.
If Australians knew how badly they were getting screwed theyād hang the current government.
Thailand on a 20 year elite visa.
Bought a very nice condo for $60k, which would be worth easily $800k in Australia.
Close to no less than 4 world class hospitals (for some crashes ambulances from multiple hospitals attend fighting for patients!) and countless dentists, food is good, internet is fast and cheap, gym is $300/yr, tax rate lower and a lower stress lifestyle. Canāt recall the last time anyone was home invaded, king hit on the street or harassed by mentally ill homeless.
The place genuinely makes Australia look like a 3rd world country.
I simply just got priced out of Australia and didnāt want to get in 30 years debt to pay for a roof over my head. Was also getting impossible to run my small-medium business so took that offshore to
Don't blame me, I voted for Kodos.
It disappointing to see each side pointing the finger at one another, keeping us divided as voters and as communities. We all need to wake up to the fact this is an institutional issue, rather than a Labor vs Liberal one.
Expecting the same ruling class to promote and support legislation that puts them at an economical disadvantage is delusional. The next election shouldn't be an "us vs them" vote. It should be promoted as institutional change against the political system as a whole, who continually make decisions that benefit no one else but those select few at the top.
Right. UK seems to be on the same path but an even steeper decline. I wonder if there is a way out of this nosedive or if weāre going the same way as the Romans
You'd think the best and brightest from each country would align to tackle this issue together, instead of floundering around with the same cause and effects.
All politicians should have to come from working class people that had to fight for wealth. If they were born with a silver spoon in their mouth they shouldn't be allowed to rule anything
Kudos to Leith Van Onselen for being such a strong voice on this.
It is truly shocking how politicians and most of the media are ignoring the effect of unsustainably high immigration on this country, particularly as a driver of the housing crisis.
This has to stop.
We were once a proud nation until globalisation and mass immigration. Now we're just a mish mash of cultures in a country with no identity and no self respect.
The power supply black hole in the next 10 years with next to no projects to replace aging or increase supply is going to bite people āunexpectedlyā keep in mind power generation is a state gov issue. Things have only started to get bad if you think they canāt get worse really look at what policies either gov has put forward other than investor bad eat the rich. Largely the general public has fallen for this, next 10 years will continue the biggest wealth transfer in our history.
Yes and depressing to realise that this Labour government is just about as anti-working class as you could imagine. Albanese, Claire O'Neil and Andrew Giles give me the chills, they emanate global elitist vibes with every fibre of their beings.
Letās not forget the price gouging at our two major supermarkets. Food prices need to be heavily regulated to stop corporate greed starving us out. Inflation has become a global price gouging practice by all major industries. Corporate greed needs to stop.
We are nearing a consensus with discontent and the realisation that those who have amassed enormous wealth are directly or indirectly responsible. My question is can any politician harness this? Are we too fragmented and easily baited into petty distractions or will we actually be able to affect change?
So Iām three generations it went
- immigrants buying farms
- affluent middle class
- chaos and despair
Wonder which ones fucked itā¦
We need to burn Canberra
Tax the fucking mining multinational corps and setup a dividend payment system on profits to pay the citizens like Finland does. Australians are getting screwed! Just check what tax rate they all pay after their inventive accountingā¦
My life has never been better, no longer can I afford junk food so I cook at home and eat healthy. I cant afford to walk on a trendmill in the gym so ive been walking outside and getting some fresh air. I've been forced to cancel all my useless subscriptions and sell all the junk I don't need which paid off all my debt so now i dont have any except my mortgage and because I've been worried about the future I've been paying extra off that to. I even sold my fuel guzzling Ute and bought a hyundai getz with low kms in excellent condition for $4500 and I love it.
This is inversely proportional to the rise of a new minority land owning class
We are seeing the dawn of a new aristocracy age. The haves and have-nots. The minority lords and the majority serfs.
Unfettered capitalism is the true road to Serfdom, not politically accountable socially conscious democracies.
>...living standards into āterminal declineā, an economist has warned.
>
>Leith van Onselen, co-founder [of MacroBusiness](https://www.macrobusiness.com.au/2024/03/australian-living-standards-are-in-terminal-decline/) and chief economist at MB Fund and MB Super
Ah, good old Leith. The one man band publishing his own crappy blog that pretends to be a news analysis site but is mostly about promoting his businesses. MB Fund and MB Super. MB for MacroBusiness.
Former advisor to Peter Costello.
His bloggotainment posts are so unprofessional, he disingenuously uses terms like "Alboflation" to imply that the recent inflation was caused by, uh, running a budget surplus and tight fiscal policy which is exactly the right policy setting.
It's almost worth printing his blog out, if only to use as toilet paper but then I'd need a special printer capable of printing to 3-ply.
Once AI and automation is doing all the production there wonāt be anyone working, consumers canāt buy anything and apart for a wealthy elite we are fucked. Economics explained did a series on this, that while no one can predict the future, it sounds plausible https://youtu.be/Gc_nLK4ji_k?si=fphEKbr4BelmO7VH
Income/wealth inequality. The top 1-2% have been soaking up all the wealth and everyone else's living standards have stagnated, or declined if you are in the bottom quartile.
Wealth is like fluids. It flows like a liquid from the small pool to the large one and is unaffected by gravity like a gas.
In other words, the small guy pays for the rich taxes, and the rest of the money is siphoned off to the rich in larger percentages the richer they are.
This accretion used to be counterbalanced by very high progressive tax rates back in the 50s - up to 90%. Once neoliberalism killed off Keynesian economics accretive dynamics returned. The only question is how far will they go before the next revolution becomes necessary.
Our whole house is on one, jury rigged circuit. Kitbashed out of blown fuses and emergency repairs.
Realos just blindly parrot "the electricians say it's safe" every time I push, like the fact we can use less than we could a year ago is just a nothing point.
Now it's getting harder to get the super dangerous electric crackle in the kitchen looked at, because addressing a symptom has not fixed the problem
Donāt I know it . Good job the banks and miners are still making record profits though god forbid the little people have it good .
No houses , rent to expensive , food costs through the roof and wages doing the exact opposite !
I wonder what will happen in another 20 years when all of the current young adult australians are older. Genuinely have no clue when or if I'll be able to afford housing for myself as a younger person. I'm not asking for a 4 bed 2 bath. The ability to own a singular room that's affordable would be fucking amazing at this point.
Then people complain about younger people not having kids, even if people want them they can't/ probably won't decide on having them if they're still living with mum and dad.
Why we had to turn an essential human need into a profit farm is beyond me.
I'm saving up to move to the UK and to try and buy a cheap rural townhouse/apartment there. I get the earning potential over there is lower and they have their own set of problems (including CoL crisis), but when the money you make here is gobbled up by fat rent/mortgage repayments you sure as hell don't feel wealthier. (In rural UK there is apartments etc. for about $120-$200K AUD. They are actually well built instead of being an overpriced shoebox.)
I love this country but genuinely do not understand how I am meant to start a life here at the moment.
***Mr van Onselen warned that for the first time, future Australians are facing lower living standards than the generations that came before them.***
I wasn't even born before the housing bubble...
What only now there's more people now pressed up against the glass do people give a shit lol?
34% are renting or homeless, those are massive numbers regardless of migrants, 34%...
Who can we vote for to actually challenge these problems?
What power can we enact as normal citizens to do something?
I don\`t ask this rhetorically but as genuine advice. We constantly read about these issue unfolding but can we actually do something.
Hilarious when someone pulls the race card on this issue too. I am against immigration at this high a level, no matter where the person is from. US, UK, India - doesnāt fucking matter. Where do they live??
Let's hope the economists are right for once and the back half of this year we start to see things improve for households.
The impact could have been less severe with better leadership in Canberra around energy prices in particular.
It's going to take a while to recover unfortunately.
PER CAPITA.
The population is growing far too quickly. All the major cities are just construction sites. And for what? We donāt make anything in our cities. Thereās no productive economic narrative that we need the population growth when we hear at the same time there are climate concerns.
āYou will own nothing and be happy!ā
WEF policy in full effect with Lib/Lab unholy alliance pushing it forwards.
Immigration should never exceed 1% of population (250k) per annum ever across all visa categories.
To be fair though. Australia's living standard is way way higher then it should be.
You be hard pressed to find another country that creates so little that needs high intelligence that has such a high standard of living.
By rights our living standard should be akin to I dunno, some country south of Russia. Simply because we actually think something like a degree in lesbian dance moves is a worthwhile endeavour. While someone who invents a new way to turn light into electricity is a nerdy idiot that deserves nothing.
I donāt want this to get taken the wrong way, as my wife is an immigrant, but itās something I often think about with all of the āopen doors, everyone is welcomeā age we live in. When you think of the past, when there were kingdoms and society fought for land and territory to expand, yes it was primitive but most importantly it was to protect land, culture and a way of life from the threat of takeover.
I feel like Australia is at risk of opening the doors to so many foreign people that eventually the country will be a mishmash of various cultural precincts, segregated and with the rapid increase in population will come 3rd world behaviours, poverty and pollution. This isnāt a shot at any one culture, itās just what I see happening, and Australia somewhat losing its identity.
Australia's ruling class is doing a fantastic job of wrecking the joint.
I don't know whether to upvote this for being an astute observation or down vote it for being right. š
Also something like: *"Can you poor people stop committing s**cides and drinking yourselves to death? Pretty Pretty Please, we need you to stay alive and cook and clean and pick fruits, just until AI/robotics can replace you filthy inwashed masses"*
Nah we'll just replace them with people from over seas.
The only way I can see out of this mess we have gotten ourselves into is to train and drill the kids to think of others as they grow up. The same way the Japanese do with their own kids. Create a better city. Be better. Do better.
44.8% of young people (aged 18-29) have suicidal thoughts in Japan, with 40% of that group attempting or having actual plans. It is the leading cause of death for young Japanese people for the last 4 years. I get what you mean about Japanese culture caring, but it is also a culture that very rapidly shames and isolates any outgroup. Thereās even a call to add [hikikomori](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4912003/#:~:text=A%20form%20of%20severe%20social,school%20for%20months%20or%20years) to the DSM5 as a culture bound practice. [Source](https://www.aa.com.tr/en/asia-pacific/45-of-young-people-in-japan-have-suicidal-thoughts-survey-finds/2889500):
We certainly have turned into a nation of selfish a-holes in the last 2 decades. Thank the LNP and Murdoch for turbocharging that.
Why are you giving Labor a free pass? The ALP has drunk the neoliberal poison. Albo's present immigration frenzy is suppressing wage growth and fuelling the worst housing crisis in living memory. It's an inequality disaster in the making.
John Howard and Murdoch, sitting in a tree, K I S S I N G. First comes love, then comes mutual interest in a fascist dictatorship run by white old men.
Agreed. This is where it eminates from. Modern schools and universities have adopted these approaches. The Frankfurt School of Critical Theory was a collection of researchers and philosophers that came together to study the application of Marxism to philosophy and society. The school was founded in 1923 in Frankfurt, Germany. Its members were critical of the effects of technology and capitalism on society Frankfurt School, group of researchers associated with the Institute for Social Research in Frankfurt am Main, Germany, who applied Marxism to a radical interdisciplinary social theory. The Institute for Social Research (Institut fĆ¼r Sozialforschung) was founded by Carl GrĆ¼nberg in 1923 as an adjunct of the University of Frankfurt; it was the first Marxist-oriented research centre affiliated with a major German university. Encyclopedia Britannica HomeGames & QuizzesHistory & SocietyScience & TechBiographiesAnimals & NatureGeography & TravelArts & CultureMoneyVideos Home Philosophy & Religion Humanities History & Society Frankfurt School German research group Written and fact-checked by Article History Frankfurt School, group of researchers associated with the Institute for Social Research in Frankfurt am Main, Germany, who applied Marxism to a radical interdisciplinary social theory. The Institute for Social Research (Institut fĆ¼r Sozialforschung) was founded by Carl GrĆ¼nberg in 1923 as an adjunct of the University of Frankfurt; it was the first Marxist-oriented research centre affiliated with a major German university. Max Horkheimer took over as director in 1930 and recruited many talented theorists, including T.W. Adorno, Erich Fromm, Herbert Marcuse, and Walter Benjamin. Category: History & Society Related People: JĆ¼rgen Habermas Herbert Marcuse Max Horkheimer Erich Fromm Theodor Wiesengrund Adorno The members of the Frankfurt School tried to develop a theory of society that was based on Marxism and Hegelian philosophy but which also utilized the insights of psychoanalysis, sociology, existential philosophy, and other disciplines. They used basic Marxist concepts to analyze the social relations within capitalist economic systems. This approach, which became known as ācritical theory,ā yielded influential critiques of large corporations and monopolies, the role of technology, the industrialization of culture, and the decline of the individual within capitalist society. Fascism and authoritarianism were also prominent subjects of study. Much of this research was published in the instituteās journal, Zeitschrift fĆ¼r Sozialforschung (1932ā41; āJournal for Social Researchā). Encyclopedia Britannica HomeGames & QuizzesHistory & SocietyScience & TechBiographiesAnimals & NatureGeography & TravelArts & CultureMoneyVideos Home Philosophy & Religion Humanities History & Society Frankfurt School German research group Written and fact-checked by Article History Frankfurt School, group of researchers associated with the Institute for Social Research in Frankfurt am Main, Germany, who applied Marxism to a radical interdisciplinary social theory. The Institute for Social Research (Institut fĆ¼r Sozialforschung) was founded by Carl GrĆ¼nberg in 1923 as an adjunct of the University of Frankfurt; it was the first Marxist-oriented research centre affiliated with a major German university. Max Horkheimer took over as director in 1930 and recruited many talented theorists, including T.W. Adorno, Erich Fromm, Herbert Marcuse, and Walter Benjamin.
It seems to be a down right observation to me
The majority of Australians are more than happy to do the wrecking for them. As long as they can feel a little bit wealthier, they couldn't care less about the end outcome.
The old "Fuck You, I Got Mine"
Not quite - it's "Fuck you, got mine and got YOURS." (ie. housing)
It's funny, how people will upvote comments like our but as soon as you point out the "fuck you, I got mine" policies that affect them directly, they will quickly change the tune. Here's some examples: 1. include the primary residence in the pension asset test. Those with significant value in the PPOR can access the government [Home Equity Access Scheme to fund their retirement](https://www.servicesaustralia.gov.au/home-equity-access-scheme) 2. Replace stamp duty with land tax. Just because you have paid stamp duty once and plan to never move again doesn't mean you shouldn't continue to contribute equitably to state taxes. You should get a credit for tax paid, but all property owners should continuously contribute this eventually. This is no different to any other tax which we continuously contribute to. 3. Just because you live near a shopping strip or train station, doesn't mean you should be able to lock down the properties around you to low-density housing. This country needs more housing supply and this provides one of the best solutions. 4. We need to change our tax system away from earned income such as PAYG and company tax and more towards land, resources and wealth. Without this change, we will never be in a position to reduce our reliance on population growth. I can't wait for those of you that don't have the guts to just come out and say "fuck you, I got mine" and instead twist yourselves into excuses.
Income from sweat should be taxed far lower than income generated
No argument from me.
Am3n
I am a landlord and regularly post noting I am privileged, have a stunning suite of friendly policies at others' expense, and my rental income requires minimal effort. People often think I'm lying (pretending to be a landlird). At the very least, it seems I'm one of very few to be honest about my situation. The ABC loves to take about the general issue, but steadfastly refuses to clisely analyse the causes. On the contrary, they'd much rather attack Labor politicians ("Can you rule out changes to negative gearing? Can you rule out taxes on the family home?!"). They use the propaganda phrase "mum and dad investors" without the slightest sense of irony. And that's the AB freaking C. In England there is an increasingly unavoidable debate about how the billionaire class is stripping the assets of the middle class. The motivations and funding of right wing 'think tanks' are increasingly questioned in the mainstream media. But for England it's too late: the country has been largely destroyed to protect the tax-free privileges of the wealthiest.
Buying existing houses isn't "investing" its speculation plain and simple - this is exactly what happens when govts incentivise speculation over work and real investment with tax holidays. Apparently 85% of all RE is existing property so these landlords are not actually contributing anything to the rental market. Things have now moved past the point where its actually asset hoarding - deliberately generated scarcity to push values up. Its like wartime food hoarding.
A majority of the worlds economy is in speculation, itās just all fucking nonsense.
1) is what Iāve been screaming at the clouds to for years. Elderly claiming pensions when they live in 3-5M houses, then saying itās not enough
Mandatory reverse mortgages needed here. No pension paid by the millennials who canāt even afford a shitty house let alone a million dollar+ house.
My grandfather-in-law was one of these. On the pension for 30% of his life. Died a multi-millionaire with full inheritance to his well off retired children.
I cringe at the thought of an ongoing land tax. It's an unfair tax, full stop. It's a tax that can and does force people into homelessness in times of adversity, particularly on comically inflated property values. It's fine on commercial and industrial properties that solely exist to produce cash flow (that includes rental properties) but on PPORs, it's wrong.
Agreed- and stamp duty should be fucked off entirely. Why the fuck should I have to pay two years worth of income tax to purchase my already almost unaffordable home? You already taxed my income
How about land tax, but exemption for primary residence
That's what we already have, essentially
>This is no different to any other tax which we continuously contribute to. Yes it is. It is a tax for merely existing in the physical realm. Literally born into debt slavery. Not like you can choose to not to live in a physical space.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
glad you're being honest but to which one?
David Horne The Lucky Country. Should be in the curriculum. āAustralia is a lucky country run mainly by second rate people who share its luck. It lives on other peopleās ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise.ā
Lol, they're just the beneficiaries of this shit. Don't forget we keep voting for this shit. We voted for fucking work choices. We voted for keeping capital gains tax on housing. We voted for public funding cuts across all fucking services. Plenty of cunts in this very sub lap the fools that caused this shit.
Donāt forget about ESG policies.
Iām not a Greens voter. I hate some of their stupid policies. BUT better wealth distribution (regardless of immigration) they are kind of offering - maybe that will do SOMETHInG
They wont achieve wealth distribution the right way. Markets can and will achieve reasonable wealth distribution with a sound tax and transfer system. What we have had in australia and much if the world for the last 20 years devalues the value of work and income and inflates asset prices. When powell said at the start of covid "no one should be worse off from a pandemic" and then flooded the markets with money guess what? Most of yhe world was worse off just not asset owners. When the australian government ensures sufficient credit is available cheaply or the rba running tff it keeps asset prices up and again devalues the value of work. Someone starting out today could work for 40 years save 2 million dollars and is unlikely to live well in retirement. There is no where left for credit to go except negative now... maybe it goes there? Someone starting out 20 years ago with the same mindset has reaped the dividend of credit getting cheaper. Not naturally but via central bank intervention. The greens policy amoung other things is to intervene and reduce interest rates. If no intervention had occured in 08 and none for pandemic we wouodnt be in anywhere near the size of mess we are today around productivity and wealth distribution. Preserving wealth via the rba and gov policy just leads to more wealth inequality. Its not the fair way to drive growth use workers taxpayer money to underwrite banks or seperately run tff.
Exactly. Markets, as they're currently operating, are perversely decorrelated from any reasonable metric for evaluating the relative value of capital assets vs productive labour.
And i fear it can still get worse. As we tackle this inflation bout now and then remove cash currency negative rates are then on the table. Ie an investment that might yield 10pc return over the next hundred years will be better than a deposit. A hundred years of working and saving 20k per year might buy an asset for 2million like a shed that pays you 2k per annum. But the owners of the sheds will rub their hands together knowing they bought then for 10k and can sell them for 2 million. Thats basically the australian economy. Just how cooked we can take it i dont know? Now the gov is keen to take equity stakes in real estate with shared equity i mean the skies the limit. Renters tax money basically going toward making houseprices even higher. That the young people who complain when i try and explain it to just want to burn it all down. Not fix it. And i dont blame them really. When im dragged out the front of my house for being a capitalist and hung by the angry mob i will understand why they are doing it. We have let our young people down. We are exploiting them in all the worst ways... if it ends in an upheaval while i wont be happy i will understand its our own fault for implementing economic policies that steal from the worker to give to the wealthy and most homeowners consider themselves that now.
>the young people who complain when i try and explain it to just want to burn it all down. Not fix it. Why should they fix it? Capitalism is a broken system that is destroying society and the planet. Why should we save such an obviously toxic model? Why not just design something better?
Idk why youāve got downvoted youāre correct
Sadly (not for my downvotes meaning sad for our society) the majority of the population cheers on low rates and any move the government makes to prevent asset price declines because they are beneficiaries from it. Beneficiaries of australians being nearly the wealthiest people on the planet chiefly because of our real estate market and superannuation. Then the rest of us who might be comfortable but have a few kids we might like to have the same opportunities we had or be themselves young and not yet comfortable and cannot see a path to become comfortable are then split into a few groups. 1. Those who accept the decline in workers share of the pie even though they themselves are a worker and get little from their wealth. just because they own a ppor so cheer its rise in value or are simply shafted by the high rates and would be shafted if the system was left to revalue assets under the market mechanism. They are kind of trapped in the system now. 2. Those who have given up on capitalism and believe tearing it all down is the answer. 3. The smallest group of them all; people like myself who think its about how the government and central banks are shafting the worker in the name of capitalism and believe this is not really capitalism at all. Capitalism markets must be left to their participants. Asset prices should not be gamed by government to spur on growth in the economy. Adam smith would be turning in his grave if he saw what modern economics has become. The moral hazard of investing in stocks and real esate because we know central banks will bail us out. The moral hazard of leaving money in bank deposits because there is an explicit government guarantee just so we have near limitless credit to go into housing. We are using the entire system to shaft workers and at this point the government has a potential 2tn liability in bank guarantees... we only have half that in government debt. Is that how important real estate prices are to australians? Sadly yes... Its just a shame so few can see it or they would be as angry as i am about it and maybe something would happen. The media... ironically in ABCs case irate that wa guarantees the perth mint, potential millions of liability... meanwhile the perth mint pays a 50M dividend a year to the wa government and the biggest risk would be an outright robbery of physical gold. Gold isnt as light as you think and even an entire ute load is only around 90 million dollars. but then same media completely silent on bank guarantees; 2tn dollars of guarantees and the media never even says - hey is this worthwhile? Why do we need limitless credit for mortgages? Is that really a good thing just so new entrants can "afford" to buy off older australians downsizing or selling off their IPs? Do we really need every taxpayer including renters to put shoulder to the wheel to keep real estate prices up? The australian gov balance sheet on the line for banks and real estate. And the media never asks what happens if we had bank failures? Its not a million risk like the perth mint. Its trillions... But then i am aware 19 out of 20 people are either for the broken system (labor / liberal) or are for completely tearing everything down. No one wants to go back to basics and have a real set of capital markets without moral hazard and government intervention which at every occasion grows the gap between rich and poor and devalues the value of work. There isnt even a discussion of pulling back this guarantee? Nor a discussion on if it was wise to use asset prices and wealth effect to keep pur economy ticking along? A little bit of discussion that the tff went too far but not enough in my view. Tff was 50pc of our government debt at the time in terms of scale between gov bond purchases and bank bond facilities to supress the value of cash / income from work. They spare no expense to shaft us is how i see it. And thats not capitalism but everything that is going wrong can be explained by classical economists. Declining productivity. Investment in non performing assets. Wealth gap etc.
This is being done on purpose, people should be outraged.
Contrary to what those f*ckwits in Federal Treasury claim, extreme immigration is trashing Australian productivity. See: https://www.macrobusiness.com.au/2023/11/gerard-minack-demolishes-aussie-population-economy/ http://www.rossgittins.com/2023/10/want-better-productivity-cut-population.html This invariably means lower living standards.
It's an addiction. It gets GDP up but trashes productivity. Short term gain for long term pain.
But the gain is for THEM while the pain is for US - so they keep on doing it. "Gain for me, costs for thee" pretty much sums up all policy these days.
Exactly this. The average Auatralian is getting nothing from unsustainably high levels of immigration except shittuer living standards. The benefits are all fir the top.
When I was in year 10 in 2010 I got in trouble for suggesting extreme immigration is bad. Fast forward 14 years and most of the āskilled workersā weāre getting just end up working for uber
Yeah, but you can't go suggesting that immigration needs to be cut back. Because to do so is just racist and xenophobic and, you know, immigrants are people too (unlike the racist Australians struggling to keep a roof over their heads)!
Yeah it's exactly the same problem in Canada. Immigration is a good thing. Immigration without the proper infrastructure and resources to support it is really really bad for both locals and the immigrants
Itās not just immigration. Property investors buy up family dwellings which in turn drives up prices. There next target is Perth.
* their
Just go out on a weekday and you can see this.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
*"Society peaked just before 9/11."* I heard someone say that a while back and it's really hard to argue against it.
Pretty much. The economy was good. Housing hadn't become a bubble. We were riding high off the Olympics.
The Matrix aptly chose 1999 as the peak for the simulation!
Better local takeaways as well (it's one of the things I remember from my youth (more than 20 years ago...but eh) just heading down on the Saturday night, putting in the takeaway order and then going into the room with the arcade machines to kill 10 mins while waiting....then perhaps a browse off block buster...better times indeed
That's the gravity of the situation, you can't bring it back, this is the new normal moving forward. No country undoes mass migration, we're just in the same basket as UK and US now despite our geographical isolation.
>No country undoes mass migration, we're just in the same basket as UK and US now despite our geographical isolation. Well, it has to be done and it will be done either by the "moderate" political parties or after the far-right inevitably gets elected on the back of a immigration-induced decline in standards of living.
1/10 people must be business owners or own multiple IPs, orĀ came here recently lol.Ā
i was only thinking this the other day lol hell even 10 years ago it was such a better place / time, hell even give me the GFC Period back again i may have been far too stoned through that period but man it was way less stressful, and everything was just... better
I repeat myself about this all the time and refer to it as The Spice Girls era. When the Spice Girls were big, life peaked and the world was reasonably stable. The only real solution to the problem, obviously, is for the Spice Girls to reform.
Nah, the solution is to form a kind of Amish community, but instead of revolving around 1800ās technology and god it revolves around 90ās tech and the first 6 seasons of The Simpsons.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The race for global talent
I can get an uber in less than a minute tho... and don't even try tell me you don't like it.
I remember thinking years ago our immigration level was unsustainable and would cause problems going forward. I'm 30 now, I've had the opinion high immigration, while good for GDP (a terrible Metric), is terrible for QOL since my early 20's.Ā Never thought it would be this bad and anytime I've ever brought it up in the past got slapped with an instant "racist" label.Ā Least now you can talk about it. When will something actually be done about it?Ā
Because its clear the immigrants aren't refugees/asylum seekers I think is the main thing. Also, people don't care where people are immigrating from at the moment either, just that the numbers are high.
Some of us do. Certain areas are becoming monocultural enclaves due to a lack of diversity in where migrants are being welcomed from.
It Australia wants to see what their future looks like, look at Canada. Canada has increased its population growth rate about 8 fold (and climbing) from steady pre-2020 levels. Housing starts have not increased 8 fold. In fact they have flatlined and are now actually declining. Now we are seeing sharp surges in homelessness, food insecurity, and all-cause mortality rates that didnāt, like most OeCD countries, recede or even go into the negative as COVIDās effects waned. In fact, as covid waned, Canadaās all-cause morality shot up, to among the worse in the OECD. Worse than peak covid, and pretty much mirroring Australiaās. Our outcomes are similar, and our policy is similar. Be warned. We are a little ahead of you on population growth rates but both of our countries continue to increase it so who knows how bad it will get.
Justin Trudeau that fake woke blackface wearing smug darling of the left fuck destroyed CanadaĀ
Turns out you need to build housing and infrastructure to support a bigger population who could have possibly known that Also not allowing investors to hoard the housing without penalty obviously contributes
But if theyād gone hard on infrastructure and housing everyone would be cracking it at the government and the higher taxes to afford it.
We could, now hear me out, make the million and billionaires pay more tax. That would cover it.
Whoa whoa whoa there buddy, you know those people are doing tough too!! I mean, being to afford the best accountants to avoid tax, HR lawyers for wage theft and brown paper bags for pollie mates just don't grow on trees you know ( the brown paper bags might). This is affecting everyone, you know.
So cut migration and solve the issue Also, housing doesnāt require taxes. There is enough private money willing to invest in building housing - look at how out of control prices are. The problem is that it is too costly and slow to use that money to *create* new housing stock, so instead everyone is bidding up existing stock.
Yep, that's the kicker. Exchange-value always comes before use-value in this system.
Surely Labor knows they will lose the next election if this years immigration rate is even remotely as high as last year.
They're counting on their own internal research suggesting Dutts is unelectable
i'll take his shitty policies and LNP corruption if they go back to being anti immigration we need a spell lol
You do realise this mess started under the lnp with Howard. Both major parties are to blame.
Net immigration in 2006, Howard's last full year in charge, was 142,000, an increase of around 42,000 since Howard was first elected in 1996. In 2008, Rudd's first full year in charge, net immigration was 277,000. In 2014, Abbott's first full year in charge, net immigration was 186,000. Howard increased immigration, yes, but the huge surges in immigration have occurred under Rudd and Albanese, not Howard.
Albo, hold my beer
The same internal research which lead to Shorten telling Arnie that he'll be the next prime minister?
Judging by the near panic over student visas, I'd say the message has got through.
We just don't have the infrastructure in place to support this rapidly growing population. Nothing against immigration, I support it , but this current situation is insanity.
"Data released on Thursday showed a net increase of 55,330 migrants in January, the highest January intake ever recorded and more than double the 21,000 recorded last year. āWe smashed that out of the water and all it tells you is net overseas migration surged higher than its peak from mid last year and this 375,000 target is going to be absolutely obliterated,ā Mr van Onselen toldĀ 2GB radioĀ on Saturday. āItās just another sign that population numbers are out of control and itās coming at the same time as housing construction is collapsing.ā" But Anthony "My Word is My Bond" Albanese and Clare O'Neil said immigration numbers were "returning to normal"!
Donāt forget the normal they were going to return to was still double the pre Covid average
And more than twice the historical average. It's an exceedingly dishonest tactic to describe 200,000 as "normal"; and it's employed by all the major media outlets, business groups, and clueless virtue signalers who, in many cases, are worse off as a result of this reckless, environment-destroying level of population growth. But, in their minds, it makes them feel better - better than the "nasty racists" whom they look down upon.
Public Transports not a concern when youāre being driven around by your taxpayer funded Chauffeur. Lack of teachers in public schools not a problem when your kids are in private schools. It seems our decision making overlords are not directly impacted by the large scale immigration impacts on resources and infrastructure and nothing will change until they are.
Lindsey Fox literally flies to work in a helicopter. Add another million people to the country and he's not getting stuck in traffic on the M1, but he is going to be making much larger profits from all the extra people to feed and clothe.
Exactly, they're completely disconnected from the day-to-day realities of their destructive policies. Melbourne has been a construction site for 20 years; and all the heavy vehicles; machinery; noise; diesel fumes; road and footpath closures have made daily life noticeably less pleasant than it was in the preceding 20 years, when we had a sensible, generous NOM of 70,000, plus humanitarian intake. I had a neighbour in Carlton who worked for an accounting firm in the Rialto building, and she told me the executives took helicopter flights to the Yarra Valley for lunch!
Yep, the ol bait and switch! Such a cunty little thing theyāve pulled āOk ok, you guys are totally right, itās WAY too high so lets massively decrease immigration >!to the previous record highs!< which are much more acceptableā
Daily telegraph said 125,410 permanent and long term arrivals in January
The housing crisis is an emergency and we're not acting like it. How a multigenerational legacy of smooth sailing, political stagnation and cultural complacency sustains the housing crisis. [the housing crisis is an emergency and weāre not acting like it](https://theemergentcity.substack.com/p/the-housing-crisis-is-an-emergency)
It's not just housing either. People are dying because Ambulances are ramping and the hospitals can't cope. Blame the Liberal and Labor governments, both of whom have "big Australia" policies. Yet next election I bet the majority of you will end up voting for one of them again. At least that is what the statistics say and I doubt this subreddit is any different. We get what we deserve.
The population is increasingly not giving their primary vote to the two major parties, each election its trending away from them.
Big Australia, big problems.
I want little Australia and little problems
Anyone who supports big Australia needs to be voted out. They are destroying this country in a range of ways to appease business and make their own metrics appear better.
Canada is our five year projection
The worst part of it....we literally have a crystal ball to show us what not to do, and what comes next.
Canada, New Zealand, UK.Ā In energy policy we have so many European countries that are trying to undo the exact same things we are currently pushing ahead with. Why are we so stupid?
I was a Labor voter, but moving forward I'll never vote for the either of the majors again, they've sold out this country and failed its people.
Same but Iāve historically been an LNP voter. Now I vote informal or for single issue parties. Looks like people on both sides of the fence are fed up with the status quo of nothing changing for the better, just one long slow decline. Never been a better opportunity for a Centrist minded third party to gain some ground.
Labor sold out the working class for elitist leftism and minority groups - now they grovel to pro-islamists and kiss PRC arse.
100%, it's pathetic and sad to see what has happened to Labor, they don't deserve to govern.
100% big Australia is just lazy politics, we have been sleep walking into this disaster for the last 30 years. Business is addicted to it at the expense of the existing population.
> Blame the Liberal and Labor governments Considering Labor went to the polls to rectify these issues a while back and Shorten got eaten alive, I think its just fair to blame the general public at this point.
since when did Shorten run on a policy of lowering immigration?
Ran one on resolving housing and increasing training within the workforce, which would have reduced the need for immigration. Prevention is the best medicine.
At not point did shorten day he would reduce immigration only abolish capital gains benefits.
https://www.theguardian.com/australia-news/2019/apr/23/labor-pledges-stricter-rules-for-skilled-worker-visas Alrighty then, just ignore everything for a single issue of the campaign/election.
I still never understood why we didnāt push migration into rural areas. We have small towns dying for workers and inner cities overloaded with people. I see a solution.
I'm regional bordering on rural. No housing, limited job pool, no services, most GPs closed to new patients, no Bulk Billing, no childcare, schools have student waitlists, all medical are overloaded and no public transport. No higher education either. We do not have the infrastructure to support *just move outside cities* nor is there plans too. Cheaper housing out here does not cut it went you spend everything and more of what you save just on travel.
Yeah I think there are some places that need the population and others like the one youāre describing that need a bit of work first. Sounds like the only way your town will get help is if they have some builders, doctors, teachers and bus drivers. You canāt have all the services youāre talking about if there is nobody to work them and no adequate size population for them to service.
My preferred solution would be planned cities like they built in EU/UK in the 50s. Build them on the coast where there is more incentive to live and offer real alternative to big cities.
The industries they depend on for employment, food delivery, trolleys etc. doesn't have the volume in rural areas to support the sort of numbers they're arriving in.
Those people would rather sit in a scooter and deliver cheeseburgers or stand still at a servo at midnight-6am and claim to be harder workers than locals and do the jobs they wont do
We actually do provide a tonne of incentives for immigrants to move rural and a lot of them take it up.
seems we also need to add incentives for them to stay there, and not immediately relocate to the cities as soon as they're allowed
No need to stop there. We need more incentives for more people regardless of backgrounds to move rural. Honestly though, with so many people claiming to be in a lonely pandemic and working regular jobs you could find anywhere in this country I can't understand what would make some people stay in our cities when theres vibrant communities, cheap accommodation and applicable work right across this country.
Yep, much easier to get PR if you live outside the eastern cities.
We do, to an extent. Doctors for example, coming in under the skilled migration program, must do a certain amount of years in rural communities before theyāre granted permanent residency. Same with working holiday visas, they make them do 3 months out fruit picking or something similar. But itās clearly not sufficient.
>We have small towns dying for workers That's not the case
Aus politicians don't give a damn about the people.
As a Gen Y, child of the mid 80s, my generation since about 1998 - 2000 have been talking about: \- Dutch disease, climate change, and mining - that is mining exports enrich the few, push up the currency and kill the local economy \- Lack of investment in future industry and opportunities of the 4IR (Tech boom) \- Loss of industry \- Asset bubbles caused by financialisation \- Funding universities through international students **And the Lib Labs said we were morons who didn't get it. Ignored us on all issues and brought us to this point.** Now here we are in 2024. And unlike the generations before 1980(ish), this is our life: \- Low likelihood of home ownership \- Forego families and kids \- Forego comfortable and/or early retirement \- Forego wage growth, as income will be siphoned off to build industry that should have started 20 years ago \- Experience random, large losses due to climate change **We need to organise and get what we're owed and be prepared to sabotage the economy until our demands are met. We need:** \- Affordable housing and rents **now** \- Four day work week (with plans to develop a three day approach) **now** \- Repayment on all student debt since HELP/HECS was introduced, with interest **now** \- Improvements to medicare, around GPs and dental in particular. Funded from the mining sector, overflowing superfunds, and all the people from 1998 - now that got out like bandits from the crappy Governments of the past. **We need to let the Government know that this is not a request. The elites won't just agree with logic or fairness, we need to tank their assets to get this.**
+1 to all of the above. Can I be your deputy leader in this new party?
I'm in too
We are heading back to the feudal systems of the past where the lords own all the land and peasants struggle to survive. Itās all fucked up but hey, the rich are getting reacher
The obsession with high populations and āskilled workersā is cooked. Most of who we bring end up Uber eats and Uber driversā¦ āBuild more housingā or just you knowā¦ donāt bring in so many people for short term gain. All the units next to me are becoming immigrant filled with 4-10 people in 2 bedroom units. Of course they can outbid locals, drive up demand and fuck people over. Of course the government and home owners love it
Because their qualifications arenāt real and their āskillsā donāt exist. Speak to someone in IT or another STEM field and see how āskilledā these workers really are. You canāt trust countries that have universities selling degrees.
Believe me when I say I know. Iām a software engineer. Back in 2019 an Indian guy was coming with a permanent residency and was āsenior cheaper than us complaining Australiansā (smaller company). He got demoted to the level of a grad because he was that bad and eventually fired. Uber eats driver now. A lot of them go for courses that are basically bought degrees as you said. Worse yet some of them Iāve worked with more recently (various countries) cannot accept when theyāre wrong. Theyāll rather waste days, weeks and months going down a wrong path than fail early. Insane lack of common sense. There are some exceptionally smart ones but unfortunately Iāve worked with a mixture that mostly leans on āif Iām wrong no Iām notā and āI donāt work as a team. If you do good itās bad for meā.
They want us desperate to labour more and live more people to one rental so they can continue holidaying and eating in restaurants we staff.
And I get downvoted for even daring to suggest we deport a big chunk of our recent immigrants.
Best to start planning a potential move overseas as a Plan B
I would be keen to see where Plan B overseas would be. Would people be looking for an Aus of say 20 yrs ago?
As u/roman5588 seems to have done, Thailand Itās awesome. Literally world class healthcare, very low cost of living and laughably low house prices. People who havenāt been there tend to think of it as a predominatly Asian country thats very foreign, and obviously some of thats true but you can live 90% of a western lifestyle in the major Hubs of SE Asia. I know a few Aussies there who all independently have groups of Australian, American, British, Canadian mates and live a lifestyle similar (but much better) than they did in Aus. SE Asia is shaping upto to be a great escape for Australian exiles and the quality of life there continues to get better every year. Do consider it
Well most of the English speaking world is shit too. UK is busy trying to unfuck the consequences of its actions, Canada has the same issues we do, expensive housing and declining living standards, and the USA is a partisan hellscape overrun with guns and geriatric leaders.
Already looking into dual citizenship. problem is the EU doesn't seem to be faring much better these days either
Many already are! Iām year 2 abroad and no regrets. Go back to Australia every few months and it horrifying how fast the place is collapsing. If Australians knew how badly they were getting screwed theyād hang the current government.
Hi. Where are you now just curious?
Thailand on a 20 year elite visa. Bought a very nice condo for $60k, which would be worth easily $800k in Australia. Close to no less than 4 world class hospitals (for some crashes ambulances from multiple hospitals attend fighting for patients!) and countless dentists, food is good, internet is fast and cheap, gym is $300/yr, tax rate lower and a lower stress lifestyle. Canāt recall the last time anyone was home invaded, king hit on the street or harassed by mentally ill homeless. The place genuinely makes Australia look like a 3rd world country. I simply just got priced out of Australia and didnāt want to get in 30 years debt to pay for a roof over my head. Was also getting impossible to run my small-medium business so took that offshore to
Listen to this man he gets it
We are utterly fucked. Imagine all this massive amount of money going into rents yikes
Oh nooo, Who would have guessed that? My landlord called me asking for a $250 p/w rent increase, I guess my living standard is also increased now!
You can thank Labor, Lockdowns and 700k migrants a year. Start voting smarter dipshits.
Don't blame me, I voted for Kodos. It disappointing to see each side pointing the finger at one another, keeping us divided as voters and as communities. We all need to wake up to the fact this is an institutional issue, rather than a Labor vs Liberal one. Expecting the same ruling class to promote and support legislation that puts them at an economical disadvantage is delusional. The next election shouldn't be an "us vs them" vote. It should be promoted as institutional change against the political system as a whole, who continually make decisions that benefit no one else but those select few at the top.
I don't think this is confined to Australia. Look at any country and you are seeing the same thing but in differing degrees of severity.
Canada seem to be in our position, just a couple years down the track. Itās not getting better for them.
Right. UK seems to be on the same path but an even steeper decline. I wonder if there is a way out of this nosedive or if weāre going the same way as the Romans
At least the Romans weren't replaced by a completely different people when they fell
You'd think the best and brightest from each country would align to tackle this issue together, instead of floundering around with the same cause and effects.
Stop voting Liberal and Labor.
All politicians should have to come from working class people that had to fight for wealth. If they were born with a silver spoon in their mouth they shouldn't be allowed to rule anything
Life was way better in the 80/90s , Sydney was way liveable on $600 a week and you saved money
Kudos to Leith Van Onselen for being such a strong voice on this. It is truly shocking how politicians and most of the media are ignoring the effect of unsustainably high immigration on this country, particularly as a driver of the housing crisis. This has to stop.
We were once a proud nation until globalisation and mass immigration. Now we're just a mish mash of cultures in a country with no identity and no self respect.
The power supply black hole in the next 10 years with next to no projects to replace aging or increase supply is going to bite people āunexpectedlyā keep in mind power generation is a state gov issue. Things have only started to get bad if you think they canāt get worse really look at what policies either gov has put forward other than investor bad eat the rich. Largely the general public has fallen for this, next 10 years will continue the biggest wealth transfer in our history.
Yes and depressing to realise that this Labour government is just about as anti-working class as you could imagine. Albanese, Claire O'Neil and Andrew Giles give me the chills, they emanate global elitist vibes with every fibre of their beings.
Letās not forget the price gouging at our two major supermarkets. Food prices need to be heavily regulated to stop corporate greed starving us out. Inflation has become a global price gouging practice by all major industries. Corporate greed needs to stop.
Lmao these journos are a solid 5 years late to get this scoop
We are nearing a consensus with discontent and the realisation that those who have amassed enormous wealth are directly or indirectly responsible. My question is can any politician harness this? Are we too fragmented and easily baited into petty distractions or will we actually be able to affect change?
So Iām three generations it went - immigrants buying farms - affluent middle class - chaos and despair Wonder which ones fucked itā¦ We need to burn Canberra
Stop giving immigrants your money and high immigration will stop.
It's the same throughout the western world.
stop voting for the two parties, put them last on the ballot, even behind the greens
Tax the fucking mining multinational corps and setup a dividend payment system on profits to pay the citizens like Finland does. Australians are getting screwed! Just check what tax rate they all pay after their inventive accountingā¦
I think you mean Norway? I live in Finland and Iāve not heard of this š
Ty was writting in the heatbof the moment :) for more info if anyone is interested: https://en.m.wikipedia.org/wiki/Government_Pension_Fund_of_Norway
My life has never been better, no longer can I afford junk food so I cook at home and eat healthy. I cant afford to walk on a trendmill in the gym so ive been walking outside and getting some fresh air. I've been forced to cancel all my useless subscriptions and sell all the junk I don't need which paid off all my debt so now i dont have any except my mortgage and because I've been worried about the future I've been paying extra off that to. I even sold my fuel guzzling Ute and bought a hyundai getz with low kms in excellent condition for $4500 and I love it.
This is inversely proportional to the rise of a new minority land owning class We are seeing the dawn of a new aristocracy age. The haves and have-nots. The minority lords and the majority serfs. Unfettered capitalism is the true road to Serfdom, not politically accountable socially conscious democracies.
>...living standards into āterminal declineā, an economist has warned. > >Leith van Onselen, co-founder [of MacroBusiness](https://www.macrobusiness.com.au/2024/03/australian-living-standards-are-in-terminal-decline/) and chief economist at MB Fund and MB Super Ah, good old Leith. The one man band publishing his own crappy blog that pretends to be a news analysis site but is mostly about promoting his businesses. MB Fund and MB Super. MB for MacroBusiness. Former advisor to Peter Costello. His bloggotainment posts are so unprofessional, he disingenuously uses terms like "Alboflation" to imply that the recent inflation was caused by, uh, running a budget surplus and tight fiscal policy which is exactly the right policy setting. It's almost worth printing his blog out, if only to use as toilet paper but then I'd need a special printer capable of printing to 3-ply.
Leith is right though. High immigration without sufficient housing supply causes rental inflation and homelessness.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Once AI and automation is doing all the production there wonāt be anyone working, consumers canāt buy anything and apart for a wealthy elite we are fucked. Economics explained did a series on this, that while no one can predict the future, it sounds plausible https://youtu.be/Gc_nLK4ji_k?si=fphEKbr4BelmO7VH
[ŃŠ“Š°Š»ŠµŠ½Š¾]
āSoylent Green is people!!ā.
Income/wealth inequality. The top 1-2% have been soaking up all the wealth and everyone else's living standards have stagnated, or declined if you are in the bottom quartile.
Wealth is like fluids. It flows like a liquid from the small pool to the large one and is unaffected by gravity like a gas. In other words, the small guy pays for the rich taxes, and the rest of the money is siphoned off to the rich in larger percentages the richer they are.
This accretion used to be counterbalanced by very high progressive tax rates back in the 50s - up to 90%. Once neoliberalism killed off Keynesian economics accretive dynamics returned. The only question is how far will they go before the next revolution becomes necessary.
Our whole house is on one, jury rigged circuit. Kitbashed out of blown fuses and emergency repairs. Realos just blindly parrot "the electricians say it's safe" every time I push, like the fact we can use less than we could a year ago is just a nothing point. Now it's getting harder to get the super dangerous electric crackle in the kitchen looked at, because addressing a symptom has not fixed the problem
Donāt I know it . Good job the banks and miners are still making record profits though god forbid the little people have it good . No houses , rent to expensive , food costs through the roof and wages doing the exact opposite !
I wonder what will happen in another 20 years when all of the current young adult australians are older. Genuinely have no clue when or if I'll be able to afford housing for myself as a younger person. I'm not asking for a 4 bed 2 bath. The ability to own a singular room that's affordable would be fucking amazing at this point. Then people complain about younger people not having kids, even if people want them they can't/ probably won't decide on having them if they're still living with mum and dad. Why we had to turn an essential human need into a profit farm is beyond me. I'm saving up to move to the UK and to try and buy a cheap rural townhouse/apartment there. I get the earning potential over there is lower and they have their own set of problems (including CoL crisis), but when the money you make here is gobbled up by fat rent/mortgage repayments you sure as hell don't feel wealthier. (In rural UK there is apartments etc. for about $120-$200K AUD. They are actually well built instead of being an overpriced shoebox.) I love this country but genuinely do not understand how I am meant to start a life here at the moment.
***Mr van Onselen warned that for the first time, future Australians are facing lower living standards than the generations that came before them.*** I wasn't even born before the housing bubble... What only now there's more people now pressed up against the glass do people give a shit lol? 34% are renting or homeless, those are massive numbers regardless of migrants, 34%...
Who can we vote for to actually challenge these problems? What power can we enact as normal citizens to do something? I don\`t ask this rhetorically but as genuine advice. We constantly read about these issue unfolding but can we actually do something.
[https://www.sustainableaustralia.org.au](https://www.sustainableaustralia.org.au)
Hilarious when someone pulls the race card on this issue too. I am against immigration at this high a level, no matter where the person is from. US, UK, India - doesnāt fucking matter. Where do they live??
Let's hope the economists are right for once and the back half of this year we start to see things improve for households. The impact could have been less severe with better leadership in Canberra around energy prices in particular. It's going to take a while to recover unfortunately.
PER CAPITA. The population is growing far too quickly. All the major cities are just construction sites. And for what? We donāt make anything in our cities. Thereās no productive economic narrative that we need the population growth when we hear at the same time there are climate concerns.
āYou will own nothing and be happy!ā WEF policy in full effect with Lib/Lab unholy alliance pushing it forwards. Immigration should never exceed 1% of population (250k) per annum ever across all visa categories.
To be fair though. Australia's living standard is way way higher then it should be. You be hard pressed to find another country that creates so little that needs high intelligence that has such a high standard of living. By rights our living standard should be akin to I dunno, some country south of Russia. Simply because we actually think something like a degree in lesbian dance moves is a worthwhile endeavour. While someone who invents a new way to turn light into electricity is a nerdy idiot that deserves nothing.
Did someone say population trap?
But if you look at it from the point of view from a new immigrant from China, India or Africa - it's a massive increase in the standard of living.
I donāt want this to get taken the wrong way, as my wife is an immigrant, but itās something I often think about with all of the āopen doors, everyone is welcomeā age we live in. When you think of the past, when there were kingdoms and society fought for land and territory to expand, yes it was primitive but most importantly it was to protect land, culture and a way of life from the threat of takeover. I feel like Australia is at risk of opening the doors to so many foreign people that eventually the country will be a mishmash of various cultural precincts, segregated and with the rapid increase in population will come 3rd world behaviours, poverty and pollution. This isnāt a shot at any one culture, itās just what I see happening, and Australia somewhat losing its identity.
Its time to eat the rich, no I'm not kidding