Australia's real unemployment rate is 20%, worse than Euro basket cases, Roy Morgan reveals truth; ABS credibility destroyed, we can't believe them on house prices or unemployment
Tweet Topic Started: 7 Feb 2013, 05:44 PM (6,043 Views)
Australia's real unemployment and underemployment rate is nearly 20%, worse than unemployment in Ireland and as bad as a basket case like Greece!
So don't get too excited about those dodgy ABS house price figures they're as dodgy as their unemployment figures. The smug tone of the property investors and bulls here is going to change markedly in 2013 when the truth can't be hidden any longer. The only way out of this mess is taking our medicine now and implementing the following macroprudential policies which I know will be constructive.
1. Removal of Negative Gearing or limitation to new builds 2. Removal of Capital Gains Tax concessions for investment properties 3. Removal of restrictive land use regulation 4. Impose disincentives for land banking & speeding up development approval processes 5. Adequate financing of housing related infrastructure 6. Phasing out of all housing grants (Federal, State and Local) 7. Broad banking reform - including stricter lending regulations 8. Federal and State tax reform - imposition of a land tax and removal of inefficient stamp duties (as per the Ken Henry Report) 9. Broad reform of the Real Estate Industry and stricter regulations 10. Australian Bureau of Statistics as the definitive housing data/index provider 11. Registration and licensing of Real Estate Agents under uniform national legislation (financial advice/products category) with ASIC oversight 12. Addressing banking moral hazard and implicit and explicit taxpayer support 13. Compulsory financial literacy classes in public and private educational institutions 14. Regulation of property investment seminars 15. Reimposing foreign investment rules for temporary visa holders 16. Disallowing use of superannuation for first home buyers
'Chess is war over the board. The object is to crush the opponent's mind' - Bobby Fischer
If there are so many unemployed people, so no jobs and no income how come vacancy rates are incredibly low and who pays the rent?
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
So don't get too excited about those dodgy ABS house price figures they're as dodgy as their unemployment figures. <snip> 10. Australian Bureau of Statistics as the definitive housing data/index provider
you truly are a stupid man. can't even proof read the SHORT versions of your rants.
I am the love child of Tony Abbott and Pauline Hanson
Just goes to show that bear porn is no different to real porn - it makes some people feel good, but it's not real.
Porn isn't real?????? WTF?
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. H. L. Mencken
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