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by KoolKat23 795 days ago
Your framing is all wrong and certain points are incorrect too.

Clearly it's not a waste when at a GDP per capita level the country is in the top 5 in the world (and certainly the one with the largest population). Even if you want to strip out the tax aspect, the country has managed to improve living standards and now it ranks above average in living standards and earnings in Europe.

Debt means nothing when the population have the earning capacity to pay it off (people don't give loans they don't expect you can pay back). This is clearly being invested well and in productive capital.

It is definitely not unlimited dole. The social housing component ensures sufficient social mobility, so you actually can improve your own position in life. The country also has the most progressive tax system in Europe i.e. people pay their fare share (relatively speaking to other countries).

I will make a point on an assumption you infer, and no you are wrong, trickle down economics does not work. And secondly, there is value in investing in your residents.

1 comments

Yes I'm as strong a critic as you'll find but GP's points are some fox news nonsense. The money was siphoned out and given mostly to corporations and homeowners.

Property construction has effectively halted, health services are catastrophically underfunded (search UHL crowding), public transport is less effective than horses and there's a collapse in recruiting for teachers and police because they can make 2-3x in Australia so they do.

As a result of lack of policing, anti-social behaviour is in full swing.

I agree with you on your point on siphoned off funds.

Property development hasn't ground to halt but is insufficient for the ever increasing demand, developers are focusing on improved margins over volumes. A symptoms of their market first approach more than anything else.

Definitely need more investment in housing, public transport and healthcare, some ambition there would be very useful.

More policing won't do anything for social issues, solve the underlying issues, social disengagement, lack of opportunities, nip any new toxic laissez-faire/not my problem culture in the bud.