As an immigrant I wish they would shut the borders.... took me 10 years to migrate here. Hard work. When people get in literally with no skills or bring nothing to the pot, I get pissed
Living standards have collapsed, society, families in poverty, businesses, immigration, homelessness, Australian gov't have failed Australians GOVERNEMTS ignore
We've seen since the scamdemic that too many Australians are too cowardly to stand up to tyranny, so we are screwed... I left Sydney in June 2000 and spent a week there recently, and its population is unrecognisable...
Australians are paying a.high price for their.idiotic.disintetest in politics...something which, like a lack of education, seems to be a source of pride to many .
Australia going through a post industrial phase was inevitable but this video made me realise how we squandered the mining boom and now our politicians are pushing an unrealistic "green new deal" type of thing that doesn't work. We could've rode green energy by investing that surplus in a Sovereign wealth fund to profitable green energy companies overseas and we could've used that surplus and invested it in solar, wind and other forms of energy and in industries that we could realistically sustain.
we are on the ropes for a reason, we have been the frogs in the boiling water happily swimming around. When your desperate as a lot of us are now! you will accept anything. Hello CBDC bailout. Goodbye property rights, and a shit ton of freedoms if you accept the Faustian deal. The Reset is a global leveller for the 5g gulag citizen score CBDC society.
@@hollysmith1347I bought a cheap boat to live on instead living in the car. $2000 a year rent for the boat was great but living in a steel coffin meant it’s just somewhere to sleep only.
Living standards only decline on a fiat money Living standard. Save in Bitcoin and watch your living standards improve drastically. Or you can believe the fiat police lies about Bitcoin to keep you living the fiat standard where they print money and steal the purchasing power right out of the money in your pocket, wallet, and bank account. Study Bitcoin and realise how you've been lied to.
@@nineonine9082 The last few decades living standards have been rising across the board. If you are under 30 years old you have never experienced a recession. Jobs and training never been easier to get. And back in the 70s we commonly shared houses because rent was so comparitively expensive. So if your standard of living has been declining you are either unable to work or just lazy.
Our government is meant to represent us the Australians first , not mass migrants that leads to our way of life in a down hill spiral . Can't even afford to heat our homes , our children won't be able to afford a home . Energy companies gauging us big time . I'm suprised business can stay afloat with the high cost of energy .
what we and our forefathers did to build this country, 40-50 years ago is gone, mums stayed home if they wanted to raise a family , dads middle class blue collar wage could afford to buy a home a car ect all on one wage, all our manufacturing is gone,along with skills, foundry men, tool makers, designers , engineers, brands like sidchrome, awa radios and tvs, clothing and shoes, fridges , washing machines, all gone due to free trade flooding our market with cheap Asian sweat shop goods, all we have now is building apartments, high rise , town houses ect for mass rich asian migrants, while young australian family's can not afford to rent less alone buy a first home or afford kids, we can not even make a victa lawn mower any more, no middle class just rich and poor, australians have been sold out, NOT THE LUCKY COUNTRY ANY MORE
WiFi, Scramjets, AI drones, JORN radar and … Two thirds of Australia’s GDP comes from knowledge and services industries. Iron ore exports are important and helped during the GFC, but these guys are inflating the risk to the total Australian economy.
Indeed Australia has many innovations that benefits humanity around the world but sadly we choose to ignore or even forget them. How many Aussies know who is Dr John O’Sullivan? Or Physicist Edgar Booth? David Robinson? Dr Mark Lidwill? Saying that this country has zero innovation is an insult to these Australians.
Dual USA/ AUS citizen here, moved back to the USA. AUS is not the innovative knowledge economy the govt tries to portray. Very weak innovation, stifled with govt bloat, outrageous taxes for high earners, extreme COL for all, and green BS. Very rough times ahead for Australians imho, sadly. Wake up and vote for less socialism, more freedom, Cheers!
1:25 Martin Ferguson was a politician more for Labor and himself than the people of Australia. We have a real plethora of them now,all shades.@wyattfamily8997
Non policed white collar crime accounts for just 5%of the crime, but 95% of the money in crime, according to Professor George Manning's book, 'Financial Investigation and Forensic Accounting', and, in America at least, as of 2008, just 1 office to deal with it. I don't think there's been any other offices opened since. Why don't governments do what Norway does?
We will never tax our gas properly until we stop voting for a major party in the senate. Then, not pass a budget until this topic is corrected. Outrageous that Japan and China are re-selling our gas. Only in Australia. Lets talk about wind turbines on the 6pm news though
@@mehere8-32 Preferential voting means that whichever way you vote, if that member doesn't win their seat, the votes earned get transferred to a candidate nominated by your votee to be a likely winner (usually one of the two major parties) so effectively, your vote that you hoped would make a difference gets streamlined to the two major parties anyway. That's a valid excuse 😂
Exactly. They fall over themselves to vote for free ice creams from the Mr Whippy van out front, whist this despicable government is coming in the back door stealing everything they've worked for.
I have to add, that the Australian people can no longer blame governments that THEY keep voting in. I constantly write to our politicians, sign petitions, attend rally's and protests, where the numbers are PATHETIC for the amount of suffering we are going through. Australians are lazy now and want someone to make decisions for them. We, the people hold the power, and if you don't believe it, it is because you don't GAF and just love whining about being a victim. I didn't complete high school, but have educated myself on political and legal laws, because I take accountability for my own person. I care deeply about the suffering and sacrifice that generations of my family gave, from the 1800s, to ensure that I had a safe and abundant life.. the wars they fought in, risking the existence of not only themselves, but their gene pool and lineage, the unions they helped create and strengthen, which have now been corrupted and are negligible, the protesting and striking and sacrifices they made against unfair laws and rules and policy... I am willing to die on this hill to defend and protect, but sadly, it's very lonely up here. Get angry Australia. Take to the streets. DEMAND accountability. DEMAND action to remove Australia from WHO and harmful WEF agendas that are crippling business. DEMAND our resources are used to benefit us. DEMAND a standard of living that allows you to enjoy the fruits of your labour and your family, and allows you the basic human right of secure housing and food affordability. Support independent political parties, which we have some fantastic choices of.. (Australian citizens party are my choice. They have a UA-cam channel with weekly reports and are onto everything that actually matters). We hold the power. DONT GIVE IT AWAY.
@@MidnightPursuittop 14 biggest companies in australia apparently pay $0 in tax . Gas exports dodge about 74 billion each year . Parasites in suits and ties
That money wasn’t free though. They cut the electricity bill for a one time only but jacked the tax up in other areas. It wasn’t to ease the cost of living because nothing is free, it was just a ploy to gain votes
Albanese has got to be one of the most incompetent PM's we've ever had. Whenever he is asked or questioned about anything, he will just give some feel-good speech about how good Australia is and answer nothing.
And the LNP use the "sovereign risk" card and don't do anything either. Canavan was the resources minister who stuffed this up. Natural market forces are allowing foreigners to make more profits with our gas. Take a bow Australian punters, you vote for this.🥺
Indeed. People are blind to the fact that billionaire globalist criminals have effectively bought the executive branch of all western countries. Fascistic corruption is endemic.
There are 2.75m temp visa holders in Australia. They have between three and five year residency rights. We must stop issuing new visas and allow the temp visas to run out. Yes the economy will get smaller, but GDP per capita will increase and housing will become affordable.
Those bastards are doing the same thing to you there in Australia that are they are doing to us here in America. Same playbook, same moves and I have had enough of it.
Australia is a very large country with a very low population of 27 million. The rich have become extra greedy lifting Rent prices, house prices unaffordable , house, car insurance companies are extremely high, high electricity bills. The majority of Australians eat farmed fish and the sea is surrounding this large massive country. The lockdowns closed down alot of businesses, great losses for Australians, more sick people.
I've completely lost faith in Australia. We've been in a per capita recession since 2019, and our only apparent solution has been to increase immigration to mask the economic issues. Both major political parties seem to lack foresight, managing the country with the incompetence of a third-world government. It's a tragic irony given our wealth of natural resources. Over the past decade, the standard of living for Australians has significantly declined, and I don't see any improvement on the horizon. This will be my last year in the country as I relocate my company overseas. Unfortunately, I believe Australia will deteriorate further before any recovery begins.
Australia is heading the same way as England and rest of the overseas countries that opened there boarders to foreigners. Thanks to the Australian Goverment.
Some people's living standards are very high right now. But indeed, many working class without housing or inherited wealth, would not be enjoying things right now.
I’m working hard on getting my family out of Australia. I want them to have a future, and anyways I’m consistently welcomed to a country I was born in so I don’t feel I belong.
The whole point of Welcome to Country is to make you feel like an outsider. Equador or some other South American country would be worth exploring though if you can get to Russia with it’s Christian culture, great education system and an increasing standard of living it would definitely be worth a look.
The "method of government", their management of Australia’s assets and resources, lack of future-proofing and reserve storage, is criminal, against the best interests of the people of Australia…
The Melbourne to Ballarat Freeway has not been properly maintained in 30 years and has become so dangerous I refuse to drive on it. All the other roads in Victorias North-West are a shambles and not upgraded since 1950,s . The Bendigo freeway was upgraded North of Harcourt in 2017 but thats all. As soon as some secondary road is improved about 100 semi trailers an hour take over and start intimidating safe drivers.The quality of our roads is the barometer to the nation's economic health and Australia has slipped down since 2005 and no longer the lucky country.
20 years ago I left Australia, lived in a gorgeous apartment in Melbourne. The other day I saw a room only to share in a 4BDR house in the same area for $415 a week. If I returned I need to earn that rent money after tax. Before tax at least $2,000 a month for a room in a shared house only. Forget it someone needs to rent for a family.
@@Jopie496 it’s hard I’ll admit but not that bad. If you move out of Melbourne you can get a 3 bedroom house with 2 bathrooms and garage for $425 per week. Average to low adult full time wage is about $850 per week. You just have to be 30 to 40 minutes drive from the cbd. I’m not saying it’s great living standards here like it once was. It can be changed if Albo pulled his finger out.
@@Jopie496 yeah of course the standards of living are more challenging for sure but $400 per week for a shared house room is hard to believe when you can get your own studio apartment for rent for $350 in the cbd or a family house in the burbs for $425 per week. This is actual fact. Cost of living around the would had gone up unfortunately. I hope for everyone it gets better
In contrast to Norway, Australia sold out its mineral resources cheaply to international corporations. Was it corruption or just a lay-back, she'll be right attitude? There's always the option of nationalising assets for the benefit of the country & its peoples, isn't there? The greedy corporations always come back begging & neither Africa, nor Brazil are as easy to mine from ...
Has Australia heard of another country, "Venezuela"? - Once wealthy too, vast oil reserves, but political incompetence ruined it for most people there. Most dangerous city in the world for their capital, Caracas. Many residents literally fleeing from hyperinflation, crossing borders into other Latin American countries.
American sanctions , if America can't control the oil . No one can . A bit like Australia , that's why we do what were told to do , by uncle sam . Or we would be under sanctions .
@@gerrydepp8164 So it's the U.S.A.'s fault they are now poor? That's the casualty from capitalism, those that have in America, and those that don't have in South America. How can the honest Americans sleep at night, knowing their country inflicts such pain on other countries? It's atrocious conduct imo. USA causes so much hardship, it's a war machine on steroids, and not much else.
@@scottclark1634Absurd. Most migrants work harder than most, many doing multiple jobs. They are paying their fair share of tax. Additionally, so many have arrived over the last few years and with levels still at record highs, the argument that our tax base will be too small in the near or midterm just holds no validity. That right wing clap trap argument is just bogus. It's just not true at all.
Foreign investors don't pay tax on rental properties that they own because they don't have a tax file number. They only have to pay capital gains tax when they sell. Our country is a joke.
@@eromnaliuqyaj6288 They are still obligated to do a tax return as a non-resident with no tax free threshold and a flat rate of tax regardless of how much you earn.
Spare a thought for the more than 150,000 long-term unemployed (many of whom manage atleast one disability, and are either in the years-long process of applying for the DSP, or are one of the 75% who have had their DSP claims denied under tight Govt rules) who live "well below the poverty line" according to ACOSS, the Salvation Army and other charitable institutions. Did you know that Australia has the lowest welfare payments of all 38 OECD countries (incl: Costa Rica and Bulgaria who have the highest rates of poverty)? But Australians just deride the unemployed as "dole bludgers" and look the other way.
Yeah. That's what happens when you spitball on the fly in a live interview. But you get the gist of the argument. We just need some old fashioned cost-plus regulation.
@@Leithvo Is it possible to vote out the big two parties? The big two parties are failing us overall. We need tax reforms for multinationals and the rich, we need housing reform, we need energy reforms, we need truth in political advertising, we need to reform political donations, we need greater transparency, we need a consistent approach to climate change, we need to improve conditions and recognition for first nations people, we need to better fund public schools and hospitals, we need to treat the unemployed, elderly and disabled with respect, we need to increase our efforts to protect native flora and fauna. The two big parties have not been able or willing to make any meaningful change with respect to most of these issues. A conflict of interest exists with the big parties, particularly with respect to multinationals, energy and resources, taxation reform, truth in political advertising, political donations, and political transparency. Many powerful people in both parties want to maintain the status quo because it is of benefit to them and their benefactors. That we have a "choice" at every election is an illusion. At their core, both parties are fundamentally the same. I cannot see any way out of this situation that does not involve the minor parties. Continuing to vote for either one of the big two and expect a better result after so many decades seems to be the definition of stupidity. How do we break this political duopoly. Is it even possible?
why don't you want to say corruption? why the wilful blindness? why are we sooo stooopid?? neoliberal economics and frankly the whole economics profession has a lot to answer for!
Spotlight needs to go on the Media agencies who own the realestate digital platforms who are in the business of FOMO pushing to generate property sales at the expenses of Australians taking on large debt positions !
This economic analysis is too simple. The big Australian miners are transnationals with international shareholders, meaning profits and risk are shared internationally. Relatedly, the Anglo-American and Australian diversified transnationals invest globally in the same places as China.
BHP is an American own company it may have started on the Australian ASX until the rules , regulations and wages are the same around the world we will be at disadvantage
Immigrated to Australia from UK 12 years ago what a country it was when I got here I’ve slowly seen the decline sadly Australia is just committing cultural and political suicide like the UK and USA what is going on. Is there a master plan that we all don’t know about. Because nothing makes sense anyone
@galactica1980 must be in IT... Just found it so dramatic... Looked it up and checks out that it possibly evolved from black screen of death... Cheers for the info...
It’s good to see someone has worked out the cup and ball game hide the pea , smoke and mirrors, of course electricity prices are in direct competition with natural gas energy, when gas goes down it’s difficult for electricity to compete, please keep it up Leithvo there’s a massive audience interested in how commodities are traded and our government reaps the rewards points, yes just like those rewards points on everyone cards but better, just like in tax on gambling at the casino, the losers are the players and the government are the winners.
What about prosecution of Money Laundering Cartels? How much money could we collect taking financial responsibility and serious prosecutions of Money Launderers ??
there is a limit to how many slices you can cut a cake into... and if you keep bringing more and more people into the country we all got to get a smaller slice of the cake .... unless you can make the cake bigger...and it doesn't appear that either or any of the idiot choices we have for government are capable of doing that
A prime example of the stupidity prevalent here. There are solutions but ideologies and created interests don't want that and the Australian people line being told what to do
So the price of stainless steel coming down is a bad thing for the world? How do you figure that one? Also, realstate values in Australia coming down from the stratosphere is a bad idea?
Let's just say that none of this is accidental or incompetence.
Bingo
As an immigrant I wish they would shut the borders.... took me 10 years to migrate here. Hard work. When people get in literally with no skills or bring nothing to the pot, I get pissed
Well said, l immigrated legally and it was something to remember,to open door just like that is an insult to people who came legally
10 years...did you swim or walk 😂
@@micphoenix8200 no I studied and saved money.... duh
@@micphoenix8200haha gold
@@micphoenix8200 if you think legal migration 8s m8lk and honey -think twice-not a laughing matter
Living standards have collapsed, society, families in poverty, businesses, immigration, homelessness, Australian gov't have failed Australians GOVERNEMTS ignore
They work for the Rothschilds, it’s not a conspiracy
Well we have "booming house prices and immigration", so we're the Lucky Country, right?
Yes, all to plan.
Our government doesn't reresent the people that voted for them , they represent big corp , usa owns us , our energy , and we know who owns the USA .
@@baits9301 I agree, give One Nation a chance
Australia Is An American Company.
Pecker Maroo
Which in turn is a global Cabal company.
And New Zealand is an Australian company.
Chinese.
We've seen since the scamdemic that too many Australians are too cowardly to stand up to tyranny, so we are screwed... I left Sydney in June 2000 and spent a week there recently, and its population is unrecognisable...
We are a stupid country
We are a corrupt country.
None more stupid,the global dummy
This is like the peopel say about Germany! We lost the last wars and since this time we have nothing to decide ! We are slaves of USrael !
Canada says, ''hold my XXXX."
Australians are paying a.high price for their.idiotic.disintetest in politics...something which, like a lack of education, seems to be a source of pride to many .
How could it be anything other than corruption?
Yep,,, exactly what it is. The whole western world is experiencing historical corruption by both corporations and Govt.
Someone got a big pay-off for this policy
Our entire system is just scams on top of scams, basically.
Planned
Australia going through a post industrial phase was inevitable but this video made me realise how we squandered the mining boom and now our politicians are pushing an unrealistic "green new deal" type of thing that doesn't work. We could've rode green energy by investing that surplus in a Sovereign wealth fund to profitable green energy companies overseas and we could've used that surplus and invested it in solar, wind and other forms of energy and in industries that we could realistically sustain.
We are being replaced
I’m barely holding on. Our family’s children can’t find anywhere to rent. I’d say it’s already collapsed.
Correct, already in a depression of prices
We were homeless for 8 months. Wish them luck.
we are on the ropes for a reason, we have been the frogs in the boiling water happily swimming around. When your desperate as a lot of us are now! you will accept anything. Hello CBDC bailout. Goodbye property rights, and a shit ton of freedoms if you accept the Faustian deal. The Reset is a global leveller for the 5g gulag citizen score CBDC society.
but at least this welfar based Govt has paid our electricity for a year. What an absolute joke!
@@hollysmith1347I bought a cheap boat to live on instead living in the car. $2000 a year rent for the boat was great but living in a steel coffin meant it’s just somewhere to sleep only.
Labor wants Made in Australia, after having ruined manufacturing in Australia over the past five decades.
The Libs were just as happy to let companies offshore, etc.
Yes, circular economy… drive prices up even further
They helped the International Labour Movement ie Communist
Our politicians of both parties are not listening to us, the citizens. They are not putting us first in their policies.
The fact you think they are Our politicians says more about you than you know.
One Nation
Absolutely correct!,and that situation is called a DICTATORSHIP. The only politician that really represents the Australian people is Pauline Hanson.
@@parabot2 Lima.
Australian living standards have been falling for decades.
Mines been rising, what are you doing wrong?
@@ian7033-qj9wgOnly enriches a few..
Living standards only decline on a fiat money Living standard. Save in Bitcoin and watch your living standards improve drastically. Or you can believe the fiat police lies about Bitcoin to keep you living the fiat standard where they print money and steal the purchasing power right out of the money in your pocket, wallet, and bank account. Study Bitcoin and realise how you've been lied to.
@@ian7033-qj9wg Not being a Boomer and not owning Real Estate.
@@nineonine9082 The last few decades living standards have been rising across the board. If you are under 30 years old you have never experienced a recession. Jobs and training never been easier to get. And back in the 70s we commonly shared houses because rent was so comparitively expensive. So if your standard of living has been declining you are either unable to work or just lazy.
Our government is meant to represent us the Australians first , not mass migrants that leads to our way of life in a down hill spiral . Can't even afford to heat our homes , our children won't be able to afford a home . Energy companies gauging us big time . I'm suprised business can stay afloat with the high cost of energy .
what we and our forefathers did to build this country, 40-50 years ago is gone, mums stayed home if they wanted to raise a family , dads middle class blue collar wage could afford to buy a home a car ect all on one wage, all our manufacturing is gone,along with skills, foundry men, tool makers, designers , engineers, brands like sidchrome, awa radios and tvs, clothing and shoes, fridges , washing machines, all gone due to free trade flooding our market with cheap Asian sweat shop goods, all we have now is building apartments, high rise , town houses ect for mass rich asian migrants, while young australian family's can not afford to rent less alone buy a first home or afford kids, we can not even make a victa lawn mower any more, no middle class just rich and poor, australians have been sold out, NOT THE LUCKY COUNTRY ANY MORE
Lucky to have a job.
@@volksdeutschewaffenss9670 yep i remember those days . I had a house paid off by the age of 25 . On one wage .
WEF
This country should change mindset completely to encourage innovation instead of mining and stupid housing
😂 I don't see any attempt to change at all 😂
Dumb ozzys
WiFi, Scramjets, AI drones, JORN radar and … Two thirds of Australia’s GDP comes from knowledge and services industries. Iron ore exports are important and helped during the GFC, but these guys are inflating the risk to the total Australian economy.
and discourage immigration
Indeed Australia has many innovations that benefits humanity around the world but sadly we choose to ignore or even forget them. How many Aussies know who is Dr John O’Sullivan? Or Physicist Edgar Booth? David Robinson? Dr Mark Lidwill? Saying that this country has zero innovation is an insult to these Australians.
Dual USA/ AUS citizen here, moved back to the USA. AUS is not the innovative knowledge economy the govt tries to portray. Very weak innovation, stifled with govt bloat, outrageous taxes for high earners, extreme COL for all, and green BS. Very rough times ahead for Australians imho, sadly. Wake up and vote for less socialism, more freedom, Cheers!
Ask Martin Furguson how we got such a bad deal when he signed it then left parliament to work for the energy council ......m
Exactly correct.
1:25 Martin Ferguson was a politician more for Labor and himself than the people of Australia. We have a real plethora of them now,all shades.@wyattfamily8997
Non policed white collar crime accounts for just 5%of the crime, but 95% of the money in crime, according to Professor George Manning's book, 'Financial Investigation and Forensic Accounting', and, in America at least, as of 2008, just 1 office to deal with it. I don't think there's been any other offices opened since.
Why don't governments do what Norway does?
We will never tax our gas properly until we stop voting for a major party in the senate. Then, not pass a budget until this topic is corrected. Outrageous that Japan and China are re-selling our gas. Only in Australia. Lets talk about wind turbines on the 6pm news though
The laziness and complacency of the Australian voters is entirely to blame. NO excuses.
Do you seriously think voting makes a difference? Do you seriously think those in power would actually give citizens a say?? Really??
They don’t
@@hereweare9096 You are right however we allowed it happen and as I said NO EXCUSES.
@@mehere8-32
Preferential voting means that whichever way you vote, if that member doesn't win their seat, the votes earned get transferred to a candidate nominated by your votee to be a likely winner (usually one of the two major parties) so effectively, your vote that you hoped would make a difference gets streamlined to the two major parties anyway. That's a valid excuse 😂
Yep, you would think they would learn to go beyond the 2 majors...
Exactly. They fall over themselves to vote for free ice creams from the Mr Whippy van out front, whist this despicable government is coming in the back door stealing everything they've worked for.
I have to add, that the Australian people can no longer blame governments that THEY keep voting in. I constantly write to our politicians, sign petitions, attend rally's and protests, where the numbers are PATHETIC for the amount of suffering we are going through. Australians are lazy now and want someone to make decisions for them. We, the people hold the power, and if you don't believe it, it is because you don't GAF and just love whining about being a victim. I didn't complete high school, but have educated myself on political and legal laws, because I take accountability for my own person. I care deeply about the suffering and sacrifice that generations of my family gave, from the 1800s, to ensure that I had a safe and abundant life.. the wars they fought in, risking the existence of not only themselves, but their gene pool and lineage, the unions they helped create and strengthen, which have now been corrupted and are negligible, the protesting and striking and sacrifices they made against unfair laws and rules and policy... I am willing to die on this hill to defend and protect, but sadly, it's very lonely up here. Get angry Australia. Take to the streets. DEMAND accountability. DEMAND action to remove Australia from WHO and harmful WEF agendas that are crippling business. DEMAND our resources are used to benefit us. DEMAND a standard of living that allows you to enjoy the fruits of your labour and your family, and allows you the basic human right of secure housing and food affordability. Support independent political parties, which we have some fantastic choices of.. (Australian citizens party are my choice. They have a UA-cam channel with weekly reports and are onto everything that actually matters). We hold the power. DONT GIVE IT AWAY.
You've never heard of ballot fraud?
''We need a better government''.
You can't get it - the Australians committed suicide about 50 years ago.
Actually we need a lot
less government.
Bahahahahaha….corporate Australia is the government
@@MidnightPursuittop 14 biggest companies in australia apparently pay $0 in tax . Gas exports dodge about 74 billion each year . Parasites in suits and ties
You call albo's ALP a govt.
I love how they give us money to pay our power bills for a year, instead of just building a new power station to make electricity cheaper for decades.
just about everyone in the comments has made a valid point but the government doesn't listen ...explain that ...democratic bullshit
That money wasn’t free though. They cut the electricity bill for a one time only but jacked the tax up in other areas. It wasn’t to ease the cost of living because nothing is free, it was just a ploy to gain votes
The NDIS is a massive rort with former dole bludgers working to entertain other former dole bludgers.
And its not even means tested. I know millionaires with heavily disabled children who still get a hand out!
The "She'll be right "mental attitude has destroyed this country.
You're 100% correct. It's apathy we've disguised for far too long.
Exactly......wogs never had this attitude.
Albanese has got to be one of the most incompetent PM's we've ever had. Whenever he is asked or questioned about anything, he will just give some feel-good speech about how good Australia is and answer nothing.
Albanese is the worst in my 80 years. Alb's economics is totally diabolical and just aims at giving loony letters more - not sustainable.
And the LNP use the "sovereign risk" card and don't do anything either. Canavan was the resources minister who stuffed this up. Natural market forces are allowing foreigners to make more profits with our gas. Take a bow Australian punters, you vote for this.🥺
He's clearly not up to the job...let alone his rotten Wall Street made NWO politics. "ALP" hahahahahahahaah!
Bloody sad.
@@sunrisesunset8843 I agree, we are literally voting for the uniparty and get the same politics no matter whos in power.
Ita called fascism
The merger of state and corporate power
Indeed. People are blind to the fact that billionaire globalist criminals have effectively bought the executive branch of all western countries. Fascistic corruption is endemic.
Corporations tax is non-existant. None of these filthy dirty corporations have ever paid tax......this crap is sickening......!
There are 2.75m temp visa holders in Australia. They have between three and five year residency rights.
We must stop issuing new visas and allow the temp visas to run out.
Yes the economy will get smaller, but GDP per capita will increase and housing will become affordable.
the border is open, anyone who applies gets in
Dont vote for either parties ... its not rocket science
One nation .
@@baits9301 they sux also , Pauline gives her votes to the liberial party ,,, so what's going to change absolutely noting ..
@@baits9301 yes one nation is a start.
I did grocery shopping yesterday. The prices went through the roof! Bloody hell.
Poverty is the worst form of violence.
Free trade agreements what a joke. People are still being screwed at every turn literally. From energy, food, housing and TAX. TAX TAX
Oh yes our resources which are not used to fund BASIC services - what a joke??????
Well we don't even get anything like a fair share of income from our natural resources. Unlike Qatar and Norway.
Those bastards are doing the same thing to you there in Australia that are they are doing to us here in America. Same playbook, same moves and I have had enough of it.
Australia follows USA yes.
Revelation 6:8
Australia is a very large country with a very low population of 27 million. The rich have become extra greedy lifting Rent prices, house prices unaffordable , house, car insurance companies are extremely high, high electricity bills. The majority of Australians eat farmed fish and the sea is surrounding this large massive country. The lockdowns closed down alot of businesses, great losses for Australians, more sick people.
They've already collapsed here.
This country is shit now. I hate living here.
Our government on both sides hates our guts.
I've completely lost faith in Australia. We've been in a per capita recession since 2019, and our only apparent solution has been to increase immigration to mask the economic issues. Both major political parties seem to lack foresight, managing the country with the incompetence of a third-world government. It's a tragic irony given our wealth of natural resources.
Over the past decade, the standard of living for Australians has significantly declined, and I don't see any improvement on the horizon. This will be my last year in the country as I relocate my company overseas. Unfortunately, I believe Australia will deteriorate further before any recovery begins.
Australia is heading the same way as England and rest of the overseas countries that opened there boarders to foreigners. Thanks to the Australian Goverment.
They keep me in a box and let me out to work
Some people's living standards are very high right now. But indeed, many working class without housing or inherited wealth, would not be enjoying things right now.
Half of the NDIS funding is to entertain people who live with their parents.
I’m working hard on getting my family out of Australia. I want them to have a future, and anyways I’m consistently welcomed to a country I was born in so I don’t feel I belong.
Where looks good?
Happening throughout the west. Non westerners are moving here en masse.
The whole point of Welcome to Country is to make you feel like an outsider.
Equador or some other South American country would be worth exploring though if you can get to Russia with it’s Christian culture, great education system and an increasing standard of living it would definitely be worth a look.
Know how you feel after living here for 8 decades a
What is it the aboriginal groups don't understand NO. Albo doesn't CARE 😡
@@kimeccleston5586 Depends on your qualifications and where you want to live.
The "method of government", their management of Australia’s assets and resources, lack of future-proofing and reserve storage, is criminal, against the best interests of the people of Australia…
The Melbourne to Ballarat Freeway has not been properly maintained in 30 years and has become so dangerous I refuse to drive on it. All the other roads in Victorias North-West are a shambles and not upgraded since 1950,s . The Bendigo freeway was upgraded North of Harcourt in 2017 but thats all. As soon as some secondary road is improved about 100 semi trailers an hour take over and start intimidating safe drivers.The quality of our roads is the barometer to the nation's economic health and Australia has slipped down since 2005 and no longer the lucky country.
20 years ago I left Australia, lived in a gorgeous apartment in Melbourne. The other day I saw a room only to share in a 4BDR house in the same area for $415 a week. If I returned I need to earn that rent money after tax. Before tax at least $2,000 a month for a room in a shared house only. Forget it someone needs to rent for a family.
@@Jopie496 it’s hard I’ll admit but not that bad. If you move out of Melbourne you can get a 3 bedroom house with 2 bathrooms and garage for $425 per week. Average to low adult full time wage is about $850 per week. You just have to be 30 to 40 minutes drive from the cbd. I’m not saying it’s great living standards here like it once was. It can be changed if Albo pulled his finger out.
@@ga1e0john35 OK, but what I'm pointing out is that a standard that was possible 20 years ago is now virtually impossible.
Move
@@Jopie496 yeah of course the standards of living are more challenging for sure but $400 per week for a shared house room is hard to believe when you can get your own studio apartment for rent for $350 in the cbd or a family house in the burbs for $425 per week. This is actual fact.
Cost of living around the would had gone up unfortunately. I hope for everyone it gets better
Thankyou for bringing this to light. I’m an older Australian and feel so sad for the young people they have no chance of getting ahead
When you pay $200k plus to hold a lollipop what would you expect !!
They'd need to be doing continuous work and 80 hours a week...but I get your point
Bullshit
We are being played for mugs and the govt chooses to do nothing to fix it.
In contrast to Norway, Australia sold out its mineral resources cheaply to international corporations.
Was it corruption or just a lay-back, she'll be right attitude?
There's always the option of nationalising assets for the benefit of the country & its peoples, isn't there?
The greedy corporations always come back begging & neither Africa, nor Brazil are as easy to mine from ...
Has Australia heard of another country, "Venezuela"? - Once wealthy too, vast oil reserves, but political incompetence ruined it for most people there. Most dangerous city in the world for their capital, Caracas. Many residents literally fleeing from hyperinflation, crossing borders into other Latin American countries.
American sanctions , if America can't control the oil . No one can . A bit like Australia , that's why we do what were told to do , by uncle sam . Or we would be under sanctions .
Nothing to do with crushing US sanctions on their most profitable commodity (oil) then?
@@gerrydepp8164
So it's the U.S.A.'s fault they are now poor? That's the casualty from capitalism, those that have in America, and those that don't have in South America. How can the honest Americans sleep at night, knowing their country inflicts such pain on other countries? It's atrocious conduct imo. USA causes so much hardship, it's a war machine on steroids, and not much else.
I cant complain about everything. Bought my second house back in 2003. The rents quickly outpaced the mortgage cost.
Good luck to you but you are contributing to the fact that the person renting your house can never save to get their own
@@kaylenesparrow2176 I had good luck. Right time, right parents. Money in the bank now.
And I feel like shit. How can I help?
the term 'banana republic' comes to mind when asking how come this is allowed to happen.
Really excellent clear discussion, our politicians are either corrupt or incompetent, we were once the lucky country
Why? Self serving politicians getting lobbied, that's why. Pathetic
Less taxpayers ? Given the level of immigration I doubt this. I think the Government has effectively pushed this problem out another decade at least.
majority of these immigrants wouldnt pay much tax its low skilled
@@scottclark1634Absurd. Most migrants work harder than most, many doing multiple jobs. They are paying their fair share of tax. Additionally, so many have arrived over the last few years and with levels still at record highs, the argument that our tax base will be too small in the near or midterm just holds no validity. That right wing clap trap argument is just bogus. It's just not true at all.
Foreign investors don't pay tax on rental properties that they own because they don't have a tax file number. They only have to pay capital gains tax when they sell. Our country is a joke.
@@eromnaliuqyaj6288
They are still obligated to do a tax return as a non-resident with no tax free threshold and a flat rate of tax regardless of how much you earn.
we are going to hell just loike in the UK and USA. Thanks Albo A88hole!
Can't afford meat now
Seriously why is Leith not advising govts, this c ountry going down the drain
Spare a thought for the more than 150,000 long-term unemployed (many of whom manage atleast one disability, and are either in the years-long process of applying for the DSP, or are one of the 75% who have had their DSP claims denied under tight Govt rules) who live "well below the poverty line" according to ACOSS, the Salvation Army and other charitable institutions. Did you know that Australia has the lowest welfare payments of all 38 OECD countries (incl: Costa Rica and Bulgaria who have the highest rates of poverty)? But Australians just deride the unemployed as "dole bludgers" and look the other way.
Are you kidding, lowest paid bludgers? I don't think so.
There are plenty of jobs , why do we pay people to sit on the lounge instead of working?
$3 to $4 is a 33% markup not 25%
Yeah. That's what happens when you spitball on the fly in a live interview. But you get the gist of the argument. We just need some old fashioned cost-plus regulation.
Yes... I still would prefer 33% ,$4,over 500% which is $18 a Gigajoule..
@@Leithvo Is it possible to vote out the big two parties?
The big two parties are failing us overall. We need tax reforms for multinationals and the rich, we need housing reform, we need energy reforms, we need truth in political advertising, we need to reform political donations, we need greater transparency, we need a consistent approach to climate change, we need to improve conditions and recognition for first nations people, we need to better fund public schools and hospitals, we need to treat the unemployed, elderly and disabled with respect, we need to increase our efforts to protect native flora and fauna. The two big parties have not been able or willing to make any meaningful change with respect to most of these issues. A conflict of interest exists with the big parties, particularly with respect to multinationals, energy and resources, taxation reform, truth in political advertising, political donations, and political transparency. Many powerful people in both parties want to maintain the status quo because it is of benefit to them and their benefactors. That we have a "choice" at every election is an illusion. At their core, both parties are fundamentally the same. I cannot see any way out of this situation that does not involve the minor parties. Continuing to vote for either one of the big two and expect a better result after so many decades seems to be the definition of stupidity. How do we break this political duopoly. Is it even possible?
Our problems are rather straightforward to comprehend, we just have leaders who drive us full speed in the opposite direction.
on the verge??? it is happening…
It's already turned to shit.
Managed Theatre..
Ergo : Australia is a Vassel state!
Farked over by all..
Most Small countries are vassals of big countries.
Get rid of the Australian uni party and vote for One Nation. Only chance to save the future of this country.
Are we really that stupid here in Australia?
Yes, only gotten worse over the last decade.
Its called the Morrison effect
why don't you want to say corruption? why the wilful blindness?
why are we sooo stooopid??
neoliberal economics and frankly the whole economics profession has a lot to answer for!
Not even on the verge any more. Living standards have already collapsed for many.
Amazon has given the Italian Police $121 Million for tax fraud and criminal activities. Can Australia have more money like Italy?
Who is going to invest in Australia if the Government cancels contracts whenever it feels like it.
Spotlight needs to go on the Media agencies who own the realestate digital platforms who are in the business of FOMO pushing to generate property sales at the expenses of Australians taking on large debt positions !
This economic analysis is too simple. The big Australian miners are transnationals with international shareholders, meaning profits and risk are shared internationally. Relatedly, the Anglo-American and Australian diversified transnationals invest globally in the same places as China.
Yes, gas thing is ludicrous.
Nickel revenue represented around 2.7% of BHP's revenue in the December 2023 half .
BHP is an American own company it may have started on the Australian ASX until the rules , regulations and wages are the same around the world we will be at disadvantage
Consider that with the help of BRICS nations to develope African economies we should see an increase in demand for it eventually.
Immigrated to Australia from UK 12 years ago what a country it was when I got here I’ve slowly seen the decline sadly Australia is just committing cultural and political suicide like the UK and USA what is going on. Is there a master plan that we all don’t know about. Because nothing makes sense anyone
Australia sounds like some generational farms: "Shirt sleeves back to shirt sleeves in three generations"
it is a game of monopoly ... 💭
Blue screen of death... Who comes up with these names and who decides MSM will run with it 😅 😅😅
BSOD has been a term for ages.
It's a name that has been used basically since the late 90s
@galactica1980 must be in IT... Just found it so dramatic... Looked it up and checks out that it possibly evolved from black screen of death... Cheers for the info...
@ponzitizen I'm not in IT professionally, just one of many hobbies. Have a good 1.
Microsoft.
excellent from a young boy. Try listening to Matias de Stefano
Done by design
Good interview 👍🏽 Can concrete from tofu Chinese buildings be recycled?
Manufacturing in Australia? lol that's one funny joke.
Australian government hasn’t been getting much from the sale of iron ore so that shouldn’t have much impact
9.2 billion last year for iron ore royalties in WA
I think I also read that life expectancy in Australia has also dropped.
Gee it’s sounds like too much common sense. Wakeup 🇦🇺 its either deliberate or incompetence, I will go with the latter.
It’s good to see someone has worked out the cup and ball game hide the pea , smoke and mirrors, of course electricity prices are in direct competition with natural gas energy, when gas goes down it’s difficult for electricity to compete, please keep it up Leithvo there’s a massive audience interested in how commodities are traded and our government reaps the rewards points, yes just like those rewards points on everyone cards but better, just like in tax on gambling at the casino, the losers are the players and the government are the winners.
The two most contrasting Australian accents on UA-cam
I love that you got interviewed by Vlad The Impaler himself. Looking pretty good for 600 years old.
What about prosecution of Money Laundering Cartels? How much money could we collect taking financial responsibility and serious prosecutions of Money Launderers ??
there is a limit to how many slices you can cut a cake into... and if you keep bringing more and more people into the country we all got to get a smaller slice of the cake .... unless you can make the cake bigger...and it doesn't appear that either or any of the idiot choices we have for government are capable of doing that
Labor employs more public servants to get union fees off them.
The better the education. The less cover some people can claim for what they do
The amount of plastics here that could be recycled is crazy change it over to recycling world is so polluted from it
Yeah we all knew who's getting their back pockets fill of money 💰 💰💰
We need an viable alternative to the 2 main parties, to shake up the bull*hit.
New York's biggest export is diamonds? Wtf? Where is their diamond mine.
A prime example of the stupidity prevalent here. There are solutions but ideologies and created interests don't want that and the Australian people line being told what to do
So the price of stainless steel coming down is a bad thing for the world?
How do you figure that one?
Also, realstate values in Australia coming down from the stratosphere is a bad idea?