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The main problem is the corporatisation of politics - instead of regulating the corporations, the corporations are regulating the politicians and it is NOT in the interest of Australian citizens.
Known as plutocracy copied from our friends in America and now Australian politicians are putting the country into permanent debt with the US arms industry
The main problem is that we were a wealthy, low-population production economy - farms, fisheries and mining - but the big end of town decided to get their hands on that wealth by using mass immigration to turn us into an indebted consumer economy for the benefit of Finance, Banks, Real estate, Big retail and Government unions.
@@Ragnar6000 You must be a relative of Joe Hokey. "Just get a better job.." We create our own wealth if there are jobs which can be created by govt policies. You are out of touch mate and also one of those who has caused this mess
100% it’s a repeat of what’s happened in the USA with Trump 2.0 but it’s not as visible. We have our own Musks Zukerbergs etc just quieter versions. Concentration of ownership particularly media & you can control huge swathes of the dumbest parts of the population. I worry about Sky news doing a Fox News on us it’s already underway in the bush/ regions.
My father was a low income earner in linen stores at a metro hospital from the mid 80s to late 90s. One salary was able to not only buy a three BR, double-brick home on 800sqm, but was enough so my mum didn't have to work and could raise THREE children. We never went without and granted the lifestyle was much simpler and basic back then, there was not even a shadow of doubt that my parents could keep us all feed, clothed and schooled while making the mortgage repayments. Edit square metres not feet
Our industries used to have tarriffs & protections - quality jobs making quality goods Tshirts cost $25 each but the essentials were abundant & affordable. Global unelected powers said it wasnt fair to the rest of the world, so we gave up a quality life full of quality things to participate in the 'Global Rise of China' -letting poor countries quickly develop by letting their cheap crap in (while they block our exports)
As someone living in Sydney. These are the things i realise, house prices and cost of living is insane and salary will never catch up taxation system here are meant to never make you rich. The wage gap in Australia is growing wider and wider, meaning no matter how hard you work a job, it's not enough to keep up even before inflation, more and more people might face a tough time in retirement.
Things are a bit strange right now. Inflation is making the Austrialian dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. When it comes to ‘’personal’’ finance/retirement planning, following the steps of a seasoned advisor did the trick for me in just 5 years. Helped turn my capital into a whooping 6 figure yearly returns.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just copied and pasted Annette whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
😂 yeah notice all the changes the gobernment made when us original peoples got so called rights, that's when they started to make everything difficult to stunt us original peoples progressing
@@lindaharvey9285 1983 Hawke actually, you see we followed Britain, and the US in a wrong turn in Economically as a response to Stagflation of the late 1970's. Then Howard weaponised against the poor at the same Blair and Bush did the same. Now we have Trump, th UK going broke and our wealth distribution is better than theirs which is hilarious! NORDIC MODEL NOW!
The globailist bankers organised the theft of all the world's asset rich countries, via the Anglo university system...Rhodes scholarships given to program the future leaders.. Hawk, Abbot?.. and so it goes in .. traitors.
Your take on The Way This country has Been Run over the Last 30 Years is Spot on , i purchased my first house on single income working at coles 40 hours a week , 1996 , a 3 bed , two bath , 3 toilet townhouse in currumbin goldcoast , house was 8 year old , it cost me 114k ,i think interest rate was 8% , had 8k deposit and i was still partying like crazy and still affording everything on my coles wage at the time , i couldn't even have a look in now days , the same house is about 700k , no way on a coles wage would you be able to borrow that much even on 2 incomes , its really a shame what the gov has done to this once great country
You live in a nice place Regards from Sydney . I live in the Hurstville area . My house cost me 160 thousand In 1995 . It's 90 years old It's livable on a quarter of an acre It's now worth 1.2 million The house is worthless .it's the land Town houses in my street with a tiny back yard Are going for 1. 5 million It's becoming ridiculous . I'm 72 years old and I was bought up in the good times. They are now over.
At 75, I have lived the best time in Australia, it is a totally different country now compared to 40 years ago. Now we are heavily overgoverned, and there is a rule for everything and bureaucrats to administer it. We are heavily taxed, everything seems to have indexed taxation attached and prices of housing food, transport and energy seem to be soaring beyond what is realistic, even alcohol is so expensive it is costly to drown your sorrows. I could go on and on about the changes, but they have all been government driven and have made our country worse. Look at our exchange rates as a measure of our wealth. In the 80,s I could get as much as $1.20 US Dollars for one Australian dollar. Now i can get about 63 cents, and our relative wealth has been halved.
I disagree with what you are saying. True the dollar was higher in the early 80s before Keating floated the dollar. But I was earning very good money during the 90s and a paid a lot of tax. Tad rates were higher for everyone years ago. So I dont know what you are talking about. Sure tax is high on a discretionary spending items like alcohol. But I can still afford if I want to to drink far more than is healthy for me. So the fact that the government gets some of that money that may go towards future health care is not such a bad thing.
@@nigelwallace4408 have a look at the Australia money supply M2 chart from 1901 to now. It's called inflation and it's 100% government caused and 100% designed to make sure large asset owners and companies destroy the wealth of average Australians.
@nigelwallace4408 overall tax revenue increases year on year, so I don't see how tax rates are less today The govt have lowered the tax free threshold from $20,000 to $18,200 now Their ever increasing debt has to be serviced and we have to pay it so it's a fallacy to suggest we pay less tax today compared to 20 years ago And, don't forget GST of 10% we now pay, so add that as well. Go and look up total tax revenue for 2000 compared to today, it's blatantly obvious
The housing crisis is only the symptom of a much bigger issue. That issue is the government. To give you an example : WHY ARE WE PAYING AUD368 BILLION for 8 submarines? Is this corruption at the highest level? Are we so afraid of China that we need to spend AUD368 billion? For the last one million years China does not have a history of colonisation unlike Britain, Germany, France, Portugal, Holland just to name a few. So my conclusion is the problem lies with the politicians. They are the ones that make policies which would later impact our lives. We truly need to evaluate with our eyes open to see who we elect ... to run our country.
nuclear subs are by far the least of problems and will be good for Australian economy and security . regardless of china as an island nation im dumbfounded how vunerable we are without them. Theeres alot of ways to invade and undermine a nation . Similarly No one thinks a family member would s a them but it happens . give that vunerable one a pew pew and they wont dare try imo . its strength and deterrence . at the moment we have none
China does have a history of colonisation throughout ancient times to the present day. Its strong because it’s able to maintain unity and forge trade with neighbouring countries
Two elephants in the room not considered in this talk: the 1999 Howard Costello halving of the capital gains tax together with allowing residential investment properties in super accounts turbocharged residential investment as a wealth creator resulting in accelerating the rise of home prices and preferencing investors over first time buyers getting a foothold in the market. The second element is the covid period with governments pump priming of their economies resulting in rapidly increasing national debts and the inevitable interest rate rises which followed this trend all around the world.
Maybe it’s was a strategy the government wanted the private sector to supply rental housing, but I think you don’t fully grasp that this isn’t the cause. Supply and demand: There is an imbalance between the number of homes being built and the number of people who want to buy them. Immigration: Australia has one of the highest immigration rates in the developed world. The private market: The public sector builds fewer homes than it used to, so major residential projects are driven by the private market. Working from home: More people are choosing to live in larger homes, and households are shrinking in size. Planning system weaknesses: The planning system is not able to keep up with demand. And probably a dozen other factors But investors didn’t cause the housing crisis
Only agree with the CoVID bit. CGT only applies when you sell so it's situational at best and only fostered by those in the market. Basically housing supply doesn't keep up with demand, exacerbated by letting in big immigration numbers who will also compete with you for somewhere to live. That's an entirely different discussion again... Unlike CoVID contributions which was contributed to all Australians all at once... Pure mega cash flood into the economy from both federal and also state Governments, all largely un means tested followed by opening access to peoples super annunation accounts twice for 10 grand a pop each time. So much money let loose into the economy without wages every needing to increase. An estimated $160 or more inflation nightmare over two short years. Over time all that just funneled into the top 1% after the people on the ground who it was meant for held the money for all of 1 second before they had to pass it on. With so much money supply of course that everything, goods, services, property prices would skyrocket and will stay high. We aren't even close to the end of this and you won't ever see goods and services prices drop again. This is now the new normal.
When 21 of those 30 years have the party of me, myself and I in power you can expect policies that favour the rich and discriminate against the needy. The indignity of this wealth transferal is worsened as the beneficiaries of the wealth constantly complain about the inherent unfairness of the system.
@@stmartinhk 1975 was critical for the MESS of worsening of AU sovereignty to US/UK dismissal of Gough Whitlam. The LNP beneficiary had the worst treasurer (J. Howard) who took over with Ozonomics (lies & selling the Govt properties) so we now pay more for the golden goose Telstra services (with much worse NBN vs done by AU Telecom expertise). With the other increasing costs that you/we benefit, Medicare, Education, Infrastructure, Aging population services & long life politician passions (incl J.Howard), we are still better than the US that only benefits the top 1%.
If I had one wish it would be people take responsibility for themselves, their choices and their actions. Imagine listening to a video from a mortgage broker about what is wrong with the system.... Jeez it's not the private paper we use is it? I suggest people look into the Clearfield Doctrine.
5 днів тому
voting is a myth they control everything even your vote
The problems started in many countries when property transitioned from being homes to investments, greed soared and populations were divided into the haves and the have nots!
Thanks for your words. I've often wondered why we are such an unimpressive nation when we have some much in the way of natural resources and talented people. I've often wondered if our politicians have been bought and is why our nation is totally and undeniably underperforming.
I'm 62, lived through and observed most of what you have said. Nailed it. I'd also like to retire at 65, as was the standard when I started working, but it's not even looking optimistic to retire at the new age of 67. Super is not the silver bullet it was supposed to be, it may grow as we age, but the buying power of that growth is being outstripped by inflation.
I'm a 60s kid and been around long enough to observe the changes. The day Bob Hawke left the scene Australia has fallen. Super was a scam from the get go. Whenever governments push something hard it only ever benefits the rich/politicians/criminals. Covid was/is a good example of this. Money shift. Now the climate lies with the same results coming.
lucky you get to have a pension then when they are still taking the 3% tax for the pension out of the current workers still. while i got shafted by the government with my birth year
As Matt Barrie had said put another Aussie o. The barbie. The government has given away our resources like gas fir nothing. THE CLIMATE CHANGE issue is rubbish. C02 Ddoesnt cause temperature change. Lack of manufacturing everything from clothing to cars and white goods is non existent We are stuffed. People didn't listen to Dick Smith and buy Australian. APATHETIC population, its not going to happen to us MATE
yeah it's the vortex of the chinese ponzi scheme..just look at the ghost cities and the chinese real estate crisis artificially manipulating their markets for the sake of captial growth n profit
Australia has been sold out to low skilled mass immigration (really kicked in around 2005), investment property tax changes (capital gains tax circa 2000), both of which have crushed incomes, lit a fire under accomodation costs, add ultra low interest rates, worthless currency and you have this mess. The key fundamental of a western economy should be for young people to be able to house and provide for themselves and importantly an environment where they can have children. Massive fail of the Australian political system to allow this level of mismanagement to occur. We now have a Ponzi based economy in return, where our young cant afford to have children.
We do have a low interest low deposit (2%) home loan scheme in Qld for people who want to buy an owner/occupied home in rural Qld. There is no mortgage insurance requirement. Unfortunately the greedy agents have pumped up the prices of homes to unsustainable levels, and people have stopped buying out here. But it's there if you have a steady income, which isn't hard to get. Jobs are pretty easy to get out here too. Or live in a caravan. We pay $150 a week for a permanent site with power included. House prices will come down again out here, they always do. By then we will be ready...
I remember having this debate in the 90s regarding 2 people working and creating a lifestyle of no kids or kids in full-time child care. The more money people have, the more they spend...and add in low interest loans, and here we are.... Greed and false wealth...next is crypto...or ponzi,...money for nothing..
First we have to fix this money laundering problem we have in this country. As long as this is ignored, we will continue to have unequal wealth. Both parties do not want to tackle this.
Ask any lib or lab federal polly why it took so long to get something going with tranche 2 and i can assure you neither will provide an honest reply. These are the same people that tell themselves and others they are of good character. See the problem?
Australia's public assets and private companies are now mostly owned by foreign investors. Those foreign investors demand double digit growth year on year, forever. Only way to do that is growing size of consumer market (high immigration) and extracting more money from existing consumer base (cost of living). Australia is being transformed from a nation with citizens, into an economic zone with units of human capital to be exploited to maximise profit. This is neoliberalism doing what it was designed to do.
well put. i think importing people just to keep gdp up is lazy governance and since the play of kevin Rudd to bring these private companies to pay more ended with corporations showing who really runs the country when they brought him down through his own party with a public fear hate campaign and instead of backing him, they through him to the dogs and gillard begged they stop the ads of misinformation running . but damage was done people swollowed the lies. Weakness cost them the reelection and continues to plague us today with governments on both sides not implementing strong policies that will benefit every australian because they remember what happened to rudd and its political suicide. to stay in government or have a job after politics they must appease these morally bankrupt giants. Until we all make a stand not to be manipulated or bribed our country is doomed. People should be far more pissed off now but many didnt even come from here and care about their origin which also undermines our sovereignty .Dont wait act now i feel. Do some not love our country
The public IS a listed asset of Australia. They sell it's function to the corporations of the world. Australia is, in essence, a sweat shop for resources.
Thats not even how things work the more people in the country the more the dollar has to be split and the less the aus dollar is worth. Without more actual jobs and job creators or products to sell overseas to transfer that money from their ecoto ours the dollar will just keep dropping and they will make less and less money as a result like everyone els. If thats wat they think they need serious deep therapy.
I don't think Chinese will want to come here now that they realise how expensive everything here is given the TikTok refugees on RedNote sharing their experiences. But you'll surely enjoy many Indians!
They already have some 8 million Indian visas since Albo- all types including the visitors who never leave and use the hospital fake students and each fake student has a partner.
Thank you. I’ve been bemoaning the sale of government assets since it began. For example, when Keating sold the commonwealth bank, it made 7 billion profit PER YEAR. It was set up in 1937 to fund infrastructure, which it most certainly did. Now it makes 10 billion profit which the people don’t see. THIS is why we can’t build beautiful schools and hospitals anymore. And why are Google, Amazon, Facebook not paying any tax in Australia???
Traded my inner city terrace for a rural block and retired at 52. In 2019 everything was fine but prices and fees have doubled and my income remains the same. They pay electricity subsidies from the accounts of future generations, not address the problem of corporate tax avoidance. They are all corrupt and paid for. Vote independent.
Agree on all fronts with you. The government's have lost focus on their people. This current PM who came from a single parent family has absolutely no care for those still in that position. They are often on the back foot financially with children and are priced out of the market even for renting. Another all talk and no follow through BS story to make him look like a good guy. Money and power goes to their heads whilst our vulnerable suffer. It's amazing how they give up their core decency for money. No integrity or strength to stand alone. Just go with the flow because they have no courage. That's my 2 cents worth.
I think they get in, and realise they are owned. This lot are better than the previous circus but its time for a massive shakeup and l think both major parties are going to get it. The media enables the rot.
@@gerryatrix74Utter bullshit. We have Paul Keating to thank for our Superannuation System which is absolutely fabulous. I know it hasn't worked for everyone but the accrued national savings are something that really helps our economy. My super fund has been in pension mode for at least 5 years and I couldn't live without it.
I remember when Bob Hawke came back from America not long after he had been elected and he really looked spooked. It was as though, the US leaned on him. We know what things are like now, and deregulation of our economy seemed like a strategy to let Multinational corporations in and take over the economy as a subset of the US style of capitalism, in which the citizens end up worse off.
According to John Pilger, that's what happened. Certain people got their claws into Bob over a number of years via influence through some dubious, co-opted and corrupted organisations.
Bob Hawk was most likely was told what to do...And this is what I am sure, happened to Albo too, who also is a soft weak man, easy for them to push their Agenda on. Bill Gate was here 2 1/2 years ago and had private talk with Albo. It's easy to see Albo is not improving our economy despite what he says, despite how good it sounds but he does not act, does 'nothing', coz he speaks with a false tongue, can't be trusted. We should be allowed to 'sack' a PM who is running our Country broke, before election time, he works for us after all.
Can't, because the COMPLUSORY Preferential Voting System has been gamed by the UniParty to ensure that only The LNP or The Labor/"Greens" Coalitions will govern.
Independents have a limited power range unlike the Uni party, who have majority control. People need to decide where their preferences go - bugger trusting the political system to do it for you, that is part of what got us here in the first place.
We went from councils releasing land and we could buy a block of land and build a little house, to developers deciding the type, style and size of our houses. Our houses are getting larger and larger whilst our families are getting smaller and smaller. Ridiculous! And government red tape adds to costs as well-largely!
It’s not just housing. It’s the general cost of living. Did my shopping on Monday 22-01-2025 at Coles and wanted to buy a packet of Gaviscon tablets, pack of 32 tablets. Usually, the price is $13. Today it had gone up to $20 a pack. A Coles shop assistant was nearby with one of those things they change the price with, and I asked her why the price had gone up from $13 to $20. That’s $7 extra in one hit. Her reply was “ Yep, we are putting everything up. The price of everything is going up”. I have noticed the price of almost everything in Coles and Woolworths has increased since the complaint they were price gouging. Coles and Woolworths are not going to admit they were price gouging by lowering prices, so they do the opposite and increase the price of everything. It’s like reverse psychology. They study shopper's habits and they know most shoppers are grab,grab,grab shoppers that never check the price of anything.
Just spent the last 7 years in Sweden and returned to Australia. So sad to see first hand what is happening here. Money absolutely takes precedence over family. Consumerism and materialism is sickening.
Thanks! I’m surprised by how much traction this video has had. 10 years ago we all knew corporations owned us. It feels like we all forgot while they kept on making profits.
This wasn't the case in the eighties. Not in Europe that's for sure. The rot began with globalization and the US predatory business practices and the accompanying propaganda began taking over the EU in particular. Europe is completely different crime is up, and culture is gone. And clowns git into governments. We can thank Mr Soros. Mr Orban was wise to kick Soros universities out along with his Open Society.
Yeah but we have no way out since we deindustrialised and gave up our sovereignty to be a vassal state and US military base. UK/NZ/Canada are in a similar position. Europe has a path towards independence from the US and full sovereignty, they will recover.
In the seventies our manufacturing quality was second to none , stability, cheap housing , food was locally grown, small businesses thrives, one income was more than enough for a family of four or five, weekends parks were full of families , fifty years on , where all that is gone ? globalisation, greed was created by governments with incentives, all of that now are taxed ,
One of the biggest issues which could dramatically change Australians society is the fact that nearly all the major mining companies aren’t being made to pay their royalties tax and this amounts to billions annually , we also export nearly all our natural gas instead of keeping a sustainable reserve for our on energy independence! We also shut down manufacturing of motor vehicles which cost jobs and created import costs .
The “two party system” mixed with extremely gullible people that live in denial is the perfect mix for the political system. Nothing is going to change while we are stuck in the same circle of government
Straya is a woke corporatist police state. It's frustrating, humiliating and devastating to watch it unfold. And it's going to continue getting worse before it gets better.
Simplified Fascism Definition: a "woke corporatist police state". Not so simple Fascism Definition: "Authoritarian, and ultranationalist political ideology and movement, characterized by a dictatorial leader, centralized autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination".
@@lloyd3404 I don't even bother mentioning that anymore, because I no longer believe voting differently is the solution, or the whole solution. We're locked into an unfortunate global system. Change will have to come by means beyond the vote.
There is ... start your own business. I have great respect for Uber drivers, tradesmen, food delivery couriers. There's a very old crippled guy in the town where I live. He wheels his wheelchair from garbage can to garbage can collecting aluminium cans for sale. When I see him doing that I take his "grab stick" and help him get the cans out of the public bin. I respect people who have initiative.
@@lloyd3404 Thats not exactly a business, it sounds like the guy has no other options than digging through trash for $10 per 100 bottles if he wants to be able to eat. Uber takes a massive cut and is only viable in busy coastal areas
The changes that have destroyed life for the majority started with Keeting and were turbocharged charged by Howard. I'm 65 and have lived through the best decades of Australian history. One income 4 person family that could purchase a new house in 1980, no hope now, so what's changed. Wealth has been funnelled up whilst productive folks purchasing power has been diminished. NO doubt about the causes, diminished union influence on wages, negative gearing, capital gains tax discounts and other less obvious roughts such as the super anuation tax discounts. All these policies have accelerated the flow of wealth up the financial food chain.
Was only in the early 80s you could buy a standard home for 100g. New cars were half the price jobs were abundant. The issue is greedy government sticking their fingers in everything. Lazy government a government that has lost touch with it's people and is slowly creating a larger rift between haves and have not.
Wrong, cars were super expensive in the 80s. A base model car cost much more of the average salary. Now you can get a Kia for $18900 and the average salary is $100k. the average wage in 85 was about $4500 a year and a ford laser gl was $2700
Well done putting this all together. Ive returned to Aus after 20 years away working in investment banking in London. I left a calm balanced country, I returned to a fearful paranoid country Too many immigrants. Out of control personal debt. The community is asleep on this. Its a horrible place. Im leaving Its not a calm life here.
I have lived in South Korea for the last 15 years. Run my own business. While it isn’t a bed of roses, after visits back home on the Gold Coast I am always anxious to leave. Not the same relaxed coastal lifestyle I left behind in 2009.
@@karlcotleanu486 that’s because people from Sydney and Melbourne retired up there as QLD used to be cheap. They brought all their crap with them. I moved from QLD MCY to Sydney in 05. The coast has changed so much. I use to be the only wog in town and now Nambour has been inundated with multicultural people. I say the closure of the sugar mill in 03 had huge part in change the coast. Both Sunny and Goldie. The developers came in and wrecked the place.
Brilliant my sentiments exactly. How do we change things when politicians have been bought out. Doesn’t matter who we vote for we just get the same results 😩
We get conned every time by these slimy politicians. They are only there to line there own pockets. They all seem to get very wealthy, very quickly when they enter federal politics.
We talk about this as the only social justice issue. The last 5-10 years has basically been a distraction campaign for big business to extract profits while we argue about gender
Great video man. Subscribed. Also, 56 years old here. Breaks my heart watching what happened to Australia. Even worse here in Victoria thanks to comrad dan.
Can confirm. Living In Geelong. Lost my job to layoffs twice alin a row during and then shortly after the pandemic. Haven't been able to get another since. Not for lack of trying, about one and a half years of trying. Will run out of rent money shortly.
I think that's a clear way of looking at things. I see a lot of it from a geopolitical point of view and you made me realise that I need to pay more attention to national info. Cheers for your insights
We need to reform our financial system if we want to make houses affordable again. How our financial sector is regulated is a very important but poorly understood topic. Changes to the way our financial sector was regulated had very serious and detrimental impacts to our country, albeit it has taken a number of decades for these impacts to be felt. Clearly this topic is a question of degree. You don’t too much regulation but at the same time you don’t want reckless behaviour that ends up in markets crashing or an uneven playing field. Three areas where financial deregulation failed in the 1980’s are: 1) The complete lifting of capital controls. In 1985, the major banks had $8 billion in foreign debt. By 2008 the major banks had $800 billion in foreign debt. Most of this money was lent against housing causing house prices to rise to 12/13 times average earnings up from 4/5 times earnings. This meant two parents had to go back to work which created the institutionalised child care sector. This is turn lead to a decline in education levels. 2) Derivatives no longer had to be hedged. This meant that financial speculators (using your superannuation) sitting in their inner city ivory palaces could control the price of commodities and metals rather than producers and consumers. This caused greater volatility in the markets and drove smaller players out of the market allowing big players to get a larger share of the market and ultimately profits. Many of these players were foreigners who displaced Australian producers. 3) State banks were allowed to engage in merchant banking. This was reckless to say the least. As a result, both the State Bank of Victoria and SA collapsed because they were allowed to engage in high risk lending that a decade before was not allowed. In summary, we need to restrict how much foreign capital banks can borrow and stop speculative derivative trading. If a public bank is created it should never be allowed to engage in high risk lending.
The State Bank in SA was originally set up to provide cheaper long term home loans to new home owner/occupiers. Every young married couple bought a house with a bridging loan while they waited for their name to rise to the top of the list eligible for a State Bank loan. I don't remember if the interest rates were fixed. But yeah they started lending money to insolvent builders and went broke.
We had a society … we talked to each other …all of us communicated face to face … Now …we pass one another in the streets without making eye contact … it is as if the world we live in is a wayside terminal full of strangers commuting to their next destination…!
I remember Labor losing in 1996 and I still ask why (the economy turned around but Keating was seen as a bit arrogant but aren't many leaders that way)? I'm much richer than I've ever been, but I've also never felt poorer than right now! I know Hawke and Keating privatised some things (such as the CBA), but Howard and Costello started the rot by changing the CES to Centrelink along with privatising a lot more things (modus operandi of the Liberal Party, sell public assets to fund public spending instead of taxing multinationals). Abbott killed the car industry (less productivity = static or increasing interest rates, hence why we're struggling to get inflation down). Both parties are guilty of screwing up the housing market (Libs with tax incentives for investors, Labor with first home buyer schemes, both parties have n't got the courage to ban foreign ownership either). I'm probably going to die before retirement age (I'm relatively healthy but I'm getting obese close to 50 years old), I just hope I can work till I drop as I don't think I can self fund a retirement here (or I may have to live in South-East Asia in old age). I just hope a few good politicians can make change as many of the others are corrupt and are just riding the easy gravy train to a wealthy retirement or post politics corporate career (I don't understand why many just don't start in business in the first place, some politicians seem to be good with their own money but have zero charisma or communication skills to begin with).
It happened to me. Get to 110. Later learned that under lots of emotion and mind pressure the body creates cortisol that breaks havoc in the body. Went on special diet with doctor help and lost over 30kg in 6 months. Look for cortisol and carnivorous diet. Take care of yourself. This economical and monetary system will not change soon. Everything is by design and we regular people can't do anything at the moment.
Thank you for your insight, everything you have stated throughout your content strikes directly upon the heart of all Audiences in Australia whether they are rich or poor it makes no difference! Also answers in evidence based on figures you’ve provided are staggering numbers and should be considered as a wake up call to our nation stakeholders. However, the fact there are no concrete solutions to any of these specific questions and issues is even worse and worthy of serious discussion moving forward towards finding solutions moving forward with this problem of growing wealth inequality. Thank you again for reminding us all of this stark reality and if we don’t fix this issue we will eventually be facing an ongoing economic crisis and inequalities similar to the current instances found in the United States that is happening 😮
Because they done deals with the money lenders and governments to be tax free as long as they ensure their church members are told lies that the government is the authority and they must worship money and the Gov, not God. Simple when you study enough history and religion.
One of the biggest reasons for our demise was Keating selling the Commonwealth Bank. A public bank and the tightly regulated mortgage market was one of the main reasons home prices were kept on a leash. Once the bank was sold the private banks started flooding the real estate sector with credit, which has been non stop since the late 90's. Property has gone from 3-4 times income to 15+ times today. Both sides of politics' no. 1 priority is not letting house prices fall, hence mass immigration over the last 20 or so years. Population of Aus up 8.5 million since 2000. A slow-motion train wreck that has priced most younger Aussies out of their own country.
When we moved to Kalgoorlie in 1981 I was on 17,500 a year and we bought an original unspoiled 3 bed pre WW1 miners cottage for 14,000. In those days the town had 27,000+ population, so it wasn't a cultural or social desert. Lots of jobs too. When we moved to the Goldie in 1984 we bought a mortgagee house for about 50,000 on an income of 30,000. SO it wasn't difficult to pay off a home back then. I hope we get a major crash, a debt jubilee and a restart with some social conscience attached to it.
No come on, regulation is the enemy not the cause. You have tightly regulated development zoning and building regulations combined with massive immigration. So demand through the roof and supply tightly constrained by regulation. What do you think will happen then?
same in uk stasi starmer loves giving money we dont have overseas.100 year pledge to give ukrainewe elect crettins so what does one expect billions every year.
I believe we have reached a critical juncture where those unwilling or unable to perceive the reality before them remain indifferent to the consequences of their actions. What we are witnessing is a deliberate and systematic deconstruction-not just of the dollar but of global currencies as a whole. This process is neither accidental nor coincidental; it is calculated, orchestrated, and imposed. The effectiveness of this strategy is alarming, raising a pressing question: What does the next phase of this plan entail? When the inevitable unfolds-streets crowded with people desperate for food, shelter, and safety-we may witness societal collapse on a grand scale. Organized gangs could exploit the chaos, looting businesses, banks, and homes, leaving destruction in their wake. How prepared are we for such a scenario, and what measures could mitigate these potential outcomes
The inevitable is people crowding the streets unable to buy food? What is the reasoning behind this? Today $20 for 1h work feeds a family... So I don't get your jump to this conclusion.
Yes, indeed this is all by design, and going ahead according to plan. What most people don’t understand is that freedom, and democracy are not the historical norm. Serfdom and slavery of the majority by a violent ruling elite is the norm. We are reverting back to the historical mean/average.
@@hannesRSA debt. if people fail to pay their debts the entire economy falls apart. the only way they keep it going is by printing fake money (causing inflation) or the entire thing implodes.
1. we need essential services in the hands of the government - NOT the for profit businesses. 2. STOP the concentration of market share to outlaw duopolies or unfair market power. 3. STOP allowing multinationals to exploit our wealth. 4. if we need to dig up stuff let the government do it. Neoliberalism as a philosophy does not work. Privatisation does not work. Bringing in more people only inflates the GDP and makes peoples' standard of living worse. STOP following the USA. STOP increases in military spending. Become a real nation and be NEUTRAL. Spend money on HEALTH and EDUCATION as #1.
I agree with the sentiment, but If we wait for Gov to do the work - like the roads for example, we would still be building them ..... I doubt they would have the M5 finished
@@duncanrodger-z5h Good point. Need a new government, or better Public Servants. But we cannot give up and give the roads to Transurban and have the most tolls in the world. Well that is nothing to crow about. Big business has got too fat and the government needs to man up and stop giving business business our money. We need to spread the word the politicians spineless pieces of excreta.
Privatisation worked. It brought about the 50s and the 80s which were the richest time in the world. Then you allowed the government to set up federal reserve banks and control interest rates, and gave up your free market. You spent the last 30 years creating a bubble with artificially low interest rates, and you blame privatisation for that? That's the govts fault
@@chickenbroski99 It is a situation created by big business and lack of competition facilitated by government. We need a strong left of centre party that VALUES people over profit and corporations. We have seen that Neo Liberalism (a philosophy) in place for about 50 years has failed we need to do something else. Continuing with selling off public assets and privitisaton and expecting the people to enjoy a growing standard of living is just insanity. I am in business with a Masters degree in economics accounting and business have worked overseas and can see the PEOPLE getting poorer. This is NOT good unless you are the 1% of the rich people.
My first home was a modest 3 bedroom, one bathroom house purchased for $68,500 in 1987. We sold it in 1991 for $104,990. The same house sold in 2024 for 1.2mill. Any wonder why young Aussies are having so many issues getting into the property market. Why the acute rise in property value. 1) The government opened up Australian properties to overseas investors loaded with cash, many houses sold for record prices. 2) Massive immigration, many of these people are cashed up, again paying more for houses. 3)Local investors taking advantage of negative gearing and purchasing multiple properties squeezing out home buyers. All of the above are government policies.
Sustainable Australia Party. Their party aims are literally to resolve the issues you describe in the video. 1. Stop Corruption. 2. Stop overdevelopment. 3. Stabilise the population. They have the best most people focused policies of ANY party. Everyone needs to vote for them.
I can’t afford to retire In Australia. I’ll have to alope to some third world country and live on home brew and chickens. I’m positive about it quite frankly.
I’m camping out in a beautiful rainforest with my two beautiful puppies , I stopped loosing hair and never have been happier deep down .i feel alive again
A lot of peeper thinking the same mate. On the plus side you get to see a lot values in those sorts of places that we have taken for granted and forgotten about.
The NDIS agency supporting my grandmother who is 90 old, told my grandmother that she could get two mobile phones for free. My auntie claimed this benefit without letting my grandma know about it. After my grandma learn about this the agency gave my grandma another two handset free. That is in total 4 units of iPhone 16 add the expense of the taxpayers. This is crazy.
Compare NDIS some abusers / very few / to politicians and local council "hyenas" then you will have real pictures of "responsible" power thirsty mob. 😁
We have a neighbour who fell off a ladder at home and broke his neck. He can still use his upper body though. NDIS paid for $150k of home renovations (ramps, doors, aircon, bathrooms etc), electric wheel chair, a new Toyota van with wheel chair lift, people to come in an wash, housekeep and do stuff like physio, massages etc. Plus additional income above his pension plus his wife as carer. They live next door to the pub and party on the regular. To my knowledge the van has never been used and the local taxi is wheelchair equipped anyway. He is in his thirties so will be on the NDIS for a very long time. I don't begrudge his benefits. I am sure he would rather be his old physical self. But this is one individual. The mind boggles at what the total costs are when this scenario is multiplied by thousands
@@rickrakauskas3287 you must be having us on. My niece is on to surgery #47 and we can't even cobble together the money to pay for her medication regimen. NDIS turned down the modifications to the house until a quote was low enough to get through and then only got half of it. after 2 years of waiting they did pay for the wheelchair and stair lift, though only after her mother had surgery on the nerves in her elbow from carrying her up the stairs.
If the government had the balls to tax the corporations,this country would be thriving ,but that money is funneled into corporations shares enriching the already rich ,the working middle class a taxed to death to prop up the lower class ,we are the working poor ,imagination is out of control ,it is an absolute mess ,I’m over the uni party ,we need some serious changes in this country
Homes and Families are meant to be one . . Never meant to be . . Investers and Renters ! When was the last time you heard of a Politician renting because they can't afford to buy
A voice worth listening to. Glad I stumbled (read: UA-cam algorithm suggested it) across a clear-thinking speaker able to present a lot of facts, how we got here and compress it all down to a very manageable and watchable speech. Well done and thank you for a thought-provoking and informative talk.
Another great video, Mr Bell! Totally agree with your point of view. I just bought a house. It's in a coastal town in Queensland. Six minutes bike ride to Woolies. It has a Bunnings and Mitre 10. My house is three bedrooms on 835m² land. It cost me less than $185,000. I'll live in it for a year and fix it up and sell it for a net 80 to 100k profit plus free living and doing something I enjoy. I see the game is rigged so I've taken steps to play the game in my favour. You can only play this game with cash and time to renovate on your hands. It won't work if you need a mortgage.
I built and sold a home to an asian family in Mt Warren Park, south of Brisbane in the mid 90's!! As a small self employed builder, with a young family; I nearly went broke while the FIRB tied up my liquidity while I paid excessive overdraft fees? The Gov't held up the sale for months and months. Don't sell to overseas investors unless they have FIRB approval and qualified first? 😢
@@Burrows24 Only if they are naturalised Aussies, or if they qualify for Australian residency as part of their employment. IE, heart specialist, aust company director needing to reside here etc; which goes back to my last point!! Don't sell to overseas investors unless they have FIRB approval and qualified first? 😊
Why are Asian’s so cashed up but Australian’s are struggling. It was the other way around not so long ago. Makes me think it’s not an Asian but our government running its own people into the ground
Thank you for this video. You have said everything I have been saying for years. What are we going to do about it? We cannot vote for the 4 main parties or Teals as they all part of this. Time to get involved in politics people, not just at voting time
Honestly we can just talk about it. 10 years ago we all knew the country was corporatised. The last 10 years has seen western countries distract and divide it's people on social justuice issues. This should be the social justice issue that unites Australians.
In Western countries, from the end of WW2 till the 1980s, trade unions were strong and tax on the wealthy was high, very high. A huge middle class drove those economies, and wealth disparity was low. Then, in the 1980s, those high taxes were cut and the unions were weakened. And it's been downhill ever since. NONE of this is news, we've know about it for decades. But no government will ever do what is right for the people, only what is right for a) the government and b) their business cronies. And yet, these same governments get voted in repeatedly. Again, and again, and again. Stop crying about it - you get the government you deserve. Walter Scheidel writes about the Four Horsemen of leveling - mass-mobilisation warfare, transformative revolutions, state collapse and catastrophic plagues : those are the ONLY ways this ends. You can no longer vote your way out of this. It's simply too late.
You're completely off base. The US dollar no longer being backed by gold and artificial interest rates set by federal banks are the main drivers of this crisis.
Taxes are bad. People like you who encourage government spending and high taxes is what has turned out economy from a collection of small businesses to a central government controlled economy
@@chickenbroski99 You make a salient point although I never implied that I encourage government spending. I agree that too much government spending is bad. Especially government subsidies. However, government spending on healthcare and welfare is better than corporations trying to turn a profit from people's misfortunes - that is obscene and abhorrent! The only proven way to reduce income inequality is high tax rates. I honestly don't believe that someone who earns $1 million/year works 10 x more than someone who earns $100 thousand/year. Lots of small businesses are a great idea, except that cartels will always form without government oversight. Heck, they form even with govt oversight. I believe in some government, rather than no government.
Just a little statistic , in the last 29 years labor has been in government 9 years , the LNP twice as long , at 20 years, a lot of people blame labor, but LNP has been in control the majority of the time .
We have miss allocated investment into housing and not productive enterprise. We are unable to service the housing debt without increasing it and certainly not able to pay it back. The Keynesian Multiplier indicates that debt above 90% makes less than a 1$ return on a1$ borrowed and Aus and NZ have total debt of around 130% gdp. Both private and government debt. We are in a very bad place and it may end badly.
@@davidvanderklauwI think it’s actually a really good explanation of the problems we face. Many of our households leveraged themselves up to the eyeballs to buy property and now almost a third of those of those are in, or are on the brink of mortgage stress according to Roy Morgan polls. I mean the cash rate is only a little over four percent! As for supply, as Nina points out many of our governments are heavily indebted too. that’s a big problem on the supply front because in many cases it’s not just a matter of releasing land, the state and local governments need to build roads, infrastructure, schools, etc to support those land releases, and again many of our state’s budgets aren’t in great shape. Basically we’ve starting to hit the limits of how much we can borrow from the future.
I like to thank the Labor Party for doing this to us under the hawk/Keating era, i was in high school learning stuff thinking that when i leave I could get a job, wrong, we had a recession we had to have according to Keating. I was unemployed from 1991 to 2009, when Gillard kicked Kevin Rudd out of office they deregulated the TV channels, that's why we have more channels of crap on TV. Last year I lost my job because the company couldn't make ends meet. Now I'm unemployed again. So since i left school in 1988, I have spent more time unemployed than employed and I'm only 52 yrs old. This not the life i wanted when I started high school. Everything this bloke has said i agree with.
Hawke opening up the economy gave us immense opportunities to grow. The subsequent (mostly) 50 years of the Liberal party futher allowing overseas investment far beyond what was envisioned is the problem
You might as well blame every politician who was prime minister. Since 1972 for what is happening. Mis handling a fabulous wealthy country. Turn it into a 3rd world country. We are just cash cows
The government wants to show strong economic figures to attract investors to buy Australian debt. To keep this up, they print more money to pay off the interest on their debt, creating a cycle. This is one of the main reasons behind the high number of immigrants, they help boost the economy and keep the system going.
Yes debt based system. When no credit issued from the currency devalued printers the SYSTEM IS IN LOCKDOWN. Just as 2008 when Fed chairman said to Bush within 24 Hours if money not out into system it locks up. Nobody able to access banks currency anything.
Globally this will play out soon. It is on purpose just so the Central Banks via likes Of Trump does their work for them and instigates new system crypto, Central Bank digital currency all set up now in the wings, ready for gullible sheep public to be influenced manipulated into. Globally.
The price of land in the outer suburbs is so expensive , over 1k per sqm . 600sqm block is over 600k . If land in the outer suburbs was cheap , so would homes be in the inner suburbs . It's a scam . Realese more land , supply and demand .
What's amazing is there is literally thousands upon thousands of acres available but it's released at a controlled rate. You aint going to get farmers to give up land cheap and developers a pushed to cover all the infrastructure now, roads, power, sewerage etc where government used to do that. So those costs are added to block prices. It always leads back to government policy. Very poor government policy. They're happy to boost their own wages every year and make what ever cuts nessasary to make it happen. Too many pigs in the trough.
It's great to see someone talking about how this has happened over decades. Albo has shat the proverbial bed for sure, but the problems haven't arisen in the last 3 years.
Government spending in emergency,look’s like Albanese saw the million’s of dollar’s to build a football area in Tasmania as an emergency to him, it could have been put to better use,such as the public Hospital’s,but he Not think on the important thing’s, he rather bring in way immigrants, to burden the Hospital system far more till all is finished
Plus free LNG to Japan who sell for a profit, like WTF have our politicians been doing? Also compared to Qatar on just the gas royalties we have and are lost 70 billion dollars every year All other minerals have had the rates of royalties cut to a pittance Sold out started a long time ago
When Politicians and Bureaucrats decided to permit "open slather" for NON-CITIZENS to purchase Australian domestic housing, the dream of house ownership by all Australians was destined to become a NIGHTMARE.
All true but also true is people’s loss of resilience. Social media lets us see everyone’s depression and negativity. People think Aus used to be wonderful, a paradise where people had money and life was easy. No it wasn’t. Most Aussies lived povo lives and struggle has long been the norm. Only in the 90s did Aussies start to become rich, and those dvd raised kids only knew that comfortable existence. Now there’s a downturn and they can’t handle it and are losing their minds. Reminder, your grandparents went to school with no shoes and were tough as nails. You have 100 shoes and are soft and weak
The NDIS is a necessity as many people rely on their services for their very survival. It is unfortunate that some have rorted the system by buying expensive cars, going on overseas holidays and the like. The NDIS needs to be reigned in not eliminated.
Compare NDIS some abusers / very few / to politicians and local council "hyenas" then you will have real pictures of "responsible" power thirsty mob. 😁
I don’t understand why so many rely on this service. Why are there so many? I remember the days when family looked after their loved ones in need comfortably without government support, what happened
@@redgatecrt Because families don't have any disposable income any more to care for them and I guess they just suffered in silence with no quality of life at all ................
Nice to hear a discussion of materialism vs quality of life, literally quality vs quantity. And love the 'allergic to debt' quip. That is me. Greetings from South Africa.
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The main problem is the corporatisation of politics - instead of regulating the corporations, the corporations are regulating the politicians and it is NOT in the interest of Australian citizens.
They don't care about you or me and until you realise that you will believe that the next person is going to fix it.
Nope, the main problem is dumb population not capable of critical thinking and voting for idiots politicians, average voter is simply stupid!
Known as plutocracy copied from our friends in America and now Australian politicians are putting the country into permanent debt with the US arms industry
The main problem is that we were a wealthy, low-population production economy - farms, fisheries and mining - but the big end of town decided to get their hands on that wealth by using mass immigration to turn us into an indebted consumer economy for the benefit of Finance, Banks, Real estate, Big retail and Government unions.
Exactly @@stmartinhk
It is not a cost of living crisis, it is a wealth transfer crisis.
The problem is no jobs manufacturing gone
you can always create your own wealth!
The so called money debasment 😂
@@Ragnar6000 You must be a relative of Joe Hokey. "Just get a better job.." We create our own wealth if there are jobs which can be created by govt policies. You are out of touch mate and also one of those who has caused this mess
100% it’s a repeat of what’s happened in the USA with Trump 2.0 but it’s not as visible. We have our own Musks Zukerbergs etc just quieter versions. Concentration of ownership particularly media & you can control huge swathes of the dumbest parts of the population. I worry about Sky news doing a Fox News on us it’s already underway in the bush/ regions.
The word is one and the word is corruption
Capitalism
One word (traitors) if you sell off your country’s best interests for personal gain.
But people/voters have been asleep also.
And they pretty much have banned the word corruption.
and if people vote in Liberal/Nats to replace Labor, it's just flipping the face of corruption.
Greed and envy
My father was a low income earner in linen stores at a metro hospital from the mid 80s to late 90s. One salary was able to not only buy a three BR, double-brick home on 800sqm, but was enough so my mum didn't have to work and could raise THREE children. We never went without and granted the lifestyle was much simpler and basic back then, there was not even a shadow of doubt that my parents could keep us all feed, clothed and schooled while making the mortgage repayments. Edit square metres not feet
Our industries used to have tarriffs & protections - quality jobs making quality goods Tshirts cost $25 each but the essentials were abundant & affordable.
Global unelected powers said it wasnt fair to the rest of the world, so we gave up a quality life full of quality things to participate in the 'Global Rise of China' -letting poor countries quickly develop by letting their cheap crap in (while they block our exports)
As someone living in Sydney. These are the things i realise, house prices and cost of living is insane and salary will never catch up taxation system here are meant to never make you rich. The wage gap in Australia is growing wider and wider, meaning no matter how hard you work a job, it's not enough to keep up even before inflation, more and more people might face a tough time in retirement.
Things are a bit strange right now. Inflation is making the Austrialian dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
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Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I just copied and pasted Annette whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.
In 1970 Australia was Farking Fantastic now just 50yrs later it's Fantastically Farked 😥
The rot started in 1972.
😂 yeah notice all the changes the gobernment made when us original peoples got so called rights, that's when they started to make everything difficult to stunt us original peoples progressing
@@lindaharvey9285 1983 Hawke actually, you see we followed Britain, and the US in a wrong turn in Economically as a response to Stagflation of the late 1970's. Then Howard weaponised against the poor at the same Blair and Bush did the same. Now we have Trump, th UK going broke and our wealth distribution is better than theirs which is hilarious! NORDIC MODEL NOW!
The globailist bankers organised the theft of all the world's asset rich countries, via the Anglo university system...Rhodes scholarships given to program the future leaders.. Hawk, Abbot?.. and so it goes in .. traitors.
Nailed it mate 👍
Your take on The Way This country has Been Run over the Last 30 Years is Spot on , i purchased my first house on single income working at coles 40 hours a week , 1996 , a 3 bed , two bath , 3 toilet townhouse in currumbin goldcoast , house was 8 year old , it cost me 114k ,i think interest rate was 8% , had 8k deposit and i was still partying like crazy and still affording everything on my coles wage at the time , i couldn't even have a look in now days , the same house is about 700k , no way on a coles wage would you be able to borrow that much even on 2 incomes , its really a shame what the gov has done to this once great country
part of the zionist rothchilds plan
Ha, imagrants can come over here with 5 kids, never work and govt helps them with buying a house
Really?@@jameswestover8403
Spot on champ@@jameswestover8403
You live in a nice place
Regards from Sydney .
I live in the Hurstville area .
My house cost me 160 thousand
In 1995 .
It's 90 years old
It's livable on a quarter of an acre
It's now worth
1.2 million
The house is worthless .it's the land
Town houses in my street with a tiny back yard
Are going for
1. 5 million
It's becoming ridiculous .
I'm 72 years old and I was bought up in the good times. They are now over.
At 75, I have lived the best time in Australia, it is a totally different country now compared to 40 years ago. Now we are heavily overgoverned, and there is a rule for everything and bureaucrats to administer it. We are heavily taxed, everything seems to have indexed taxation attached and prices of housing food, transport and energy seem to be soaring beyond what is realistic, even alcohol is so expensive it is costly to drown your sorrows. I could go on and on about the changes, but they have all been government driven and have made our country worse. Look at our exchange rates as a measure of our wealth. In the 80,s I could get as much as $1.20 US Dollars for one Australian dollar. Now i can get about 63 cents, and our relative wealth has been halved.
I disagree with what you are saying. True the dollar was higher in the early 80s before Keating floated the dollar. But I was earning very good money during the 90s and a paid a lot of tax. Tad rates were higher for everyone years ago. So I dont know what you are talking about. Sure tax is high on a discretionary spending items like alcohol. But I can still afford if I want to to drink far more than is healthy for me. So the fact that the government gets some of that money that may go towards future health care is not such a bad thing.
@@nigelwallace4408 have a look at the Australia money supply M2 chart from 1901 to now. It's called inflation and it's 100% government caused and 100% designed to make sure large asset owners and companies destroy the wealth of average Australians.
@nigelwallace4408 overall tax revenue increases year on year, so I don't see how tax rates are less today
The govt have lowered the tax free threshold from $20,000 to $18,200 now
Their ever increasing debt has to be serviced and we have to pay it so it's a fallacy to suggest we pay less tax today compared to 20 years ago
And, don't forget GST of 10% we now pay, so add that as well.
Go and look up total tax revenue for 2000 compared to today, it's blatantly obvious
@@alibarber57total tax revenue is not the right figure to look at. Tax per person or household is what you need to compare
@@nigelwallace4408 ypu are a fool
The housing crisis is only the symptom of a much bigger issue. That issue is the government. To give you an example : WHY ARE WE PAYING AUD368 BILLION for 8 submarines? Is this corruption at the highest level? Are we so afraid of China that we need to spend AUD368 billion? For the last one million years China does not have a history of colonisation unlike Britain, Germany, France, Portugal, Holland just to name a few. So my conclusion is the problem lies with the politicians. They are the ones that make policies which would later impact our lives. We truly need to evaluate with our eyes open to see who we elect ... to run our country.
nuclear subs are by far the least of problems and will be good for Australian economy and security . regardless of china as an island nation im dumbfounded how vunerable we are without them. Theeres alot of ways to invade and undermine a nation . Similarly No one thinks a family member would s a them but it happens . give that vunerable one a pew pew and they wont dare try imo . its strength and deterrence . at the moment we have none
China is taking over Australia without a single shot being fired
China does have a history of colonisation throughout ancient times to the present day. Its strong because it’s able to maintain unity and forge trade with neighbouring countries
Two elephants in the room not considered in this talk: the 1999 Howard Costello halving of the capital gains tax together with allowing residential investment properties in super accounts turbocharged residential investment as a wealth creator resulting in accelerating the rise of home prices and preferencing investors over first time buyers getting a foothold in the market. The second element is the covid period with governments pump priming of their economies resulting in rapidly increasing national debts and the inevitable interest rate rises which followed this trend all around the world.
Maybe it’s was a strategy the government wanted the private sector to supply rental housing, but I think you don’t fully grasp that this isn’t the cause.
Supply and demand: There is an imbalance between the number of homes being built and the number of people who want to buy them.
Immigration: Australia has one of the highest immigration rates in the developed world.
The private market: The public sector builds fewer homes than it used to, so major residential projects are driven by the private market.
Working from home: More people are choosing to live in larger homes, and households are shrinking in size.
Planning system weaknesses: The planning system is not able to keep up with demand.
And probably a dozen other factors
But investors didn’t cause the housing crisis
Only agree with the CoVID bit. CGT only applies when you sell so it's situational at best and only fostered by those in the market. Basically housing supply doesn't keep up with demand, exacerbated by letting in big immigration numbers who will also compete with you for somewhere to live. That's an entirely different discussion again...
Unlike CoVID contributions which was contributed to all Australians all at once...
Pure mega cash flood into the economy from both federal and also state Governments, all largely un means tested followed by opening access to peoples super annunation accounts twice for 10 grand a pop each time. So much money let loose into the economy without wages every needing to increase. An estimated $160 or more inflation nightmare over two short years. Over time all that just funneled into the top 1% after the people on the ground who it was meant for held the money for all of 1 second before they had to pass it on.
With so much money supply of course that everything, goods, services, property prices would skyrocket and will stay high. We aren't even close to the end of this and you won't ever see goods and services prices drop again. This is now the new normal.
Its been said. Over the last 30yr there has been the largest transfer of wealth from the bottom 90 percent to the top 1
When 21 of those 30 years have the party of me, myself and I in power you can expect policies that favour the rich and discriminate against the needy. The indignity of this wealth transferal is worsened as the beneficiaries of the wealth constantly complain about the inherent unfairness of the system.
Between 1975 and 2024, the govt share of GDP grew from 19% to 27%, a 40% increase. Who knew in 1975 that Australians needed 40% more govt?
it's the top .0000000001%, one percent is the number of people earning above the poverty line.
@@lnk3503that number is not only incorrect but, so far off the rest of your comment makes you look retarded.
@@stmartinhk 1975 was critical for the MESS of worsening of AU sovereignty to US/UK dismissal of Gough Whitlam. The LNP beneficiary had the worst treasurer (J. Howard) who took over with Ozonomics (lies & selling the Govt properties) so we now pay more for the golden goose Telstra services (with much worse NBN vs done by AU Telecom expertise). With the other increasing costs that you/we benefit, Medicare, Education, Infrastructure, Aging population services & long life politician passions (incl J.Howard), we are still better than the US that only benefits the top 1%.
I'll add, that the two party preferred voting system is the enabling culprit in our demise
Do we even need government? I know we think we need it but do we?
@@EddyTeetreeI am more and more coming to the conclusion that we don't. Especially not 3 levels!
We have a preferential voting system. Any default to two party prefered is due to voter choice or ignorance
If I had one wish it would be people take responsibility for themselves, their choices and their actions.
Imagine listening to a video from a mortgage broker about what is wrong with the system.... Jeez it's not the private paper we use is it?
I suggest people look into the Clearfield Doctrine.
voting is a myth they control everything even your vote
Well delivered. A complex betrayal made crystal clear. Great work.
The problems started in many countries when property transitioned from being homes to investments, greed soared and populations were divided into the haves and the have nots!
Thanks for your words. I've often wondered why we are such an unimpressive nation when we have some much in the way of natural resources and talented people. I've often wondered if our politicians have been bought and is why our nation is totally and undeniably underperforming.
I'm 62, lived through and observed most of what you have said. Nailed it. I'd also like to retire at 65, as was the standard when I started working, but it's not even looking optimistic to retire at the new age of 67. Super is not the silver bullet it was supposed to be, it may grow as we age, but the buying power of that growth is being outstripped by inflation.
run by the pure evil zionist rothchilds
I'm a 60s kid and been around long enough to observe the changes. The day Bob Hawke left the scene Australia has fallen. Super was a scam from the get go. Whenever governments push something hard it only ever benefits the rich/politicians/criminals. Covid was/is a good example of this. Money shift. Now the climate lies with the same results coming.
Dont worry. By the time you retire at 67 you realise you dont want the shyte they're selling.
we been lied to all over the place #LOXISM #DECIEVERS
lucky you get to have a pension then when they are still taking the 3% tax for the pension out of the current workers still. while i got shafted by the government with my birth year
Absolutely spot on!I agree with so many other commenters,I am 61 and I am so sad about what has happened to this once great country.
australia can house the whole world but the zionist rothchild plan is secretive only a handful know the truth
As Matt Barrie had said put another Aussie o. The barbie. The government has given away our resources like gas fir nothing. THE CLIMATE CHANGE issue is rubbish. C02 Ddoesnt cause temperature change. Lack of manufacturing everything from clothing to cars and white goods is non existent We are stuffed. People didn't listen to Dick Smith and buy Australian. APATHETIC population, its not going to happen to us MATE
Ditto and ditto
You voted for it.
Only Australian citizens should be able to buy Australian real estate.
Realestate tycoons don't like that
Absolutely!
yeah it's the vortex of the chinese ponzi scheme..just look at the ghost cities and the chinese real estate crisis artificially manipulating their markets for the sake of captial growth n profit
This.
AMEN
Australia has been sold out to low skilled mass immigration (really kicked in around 2005), investment property tax changes (capital gains tax circa 2000), both of which have crushed incomes, lit a fire under accomodation costs, add ultra low interest rates, worthless currency and you have this mess. The key fundamental of a western economy should be for young people to be able to house and provide for themselves and importantly an environment where they can have children. Massive fail of the Australian political system to allow this level of mismanagement to occur. We now have a Ponzi based economy in return, where our young cant afford to have children.
We do have a low interest low deposit (2%) home loan scheme in Qld for people who want to buy an owner/occupied home in rural Qld. There is no mortgage insurance requirement. Unfortunately the greedy agents have pumped up the prices of homes to unsustainable levels, and people have stopped buying out here. But it's there if you have a steady income, which isn't hard to get. Jobs are pretty easy to get out here too. Or live in a caravan. We pay $150 a week for a permanent site with power included. House prices will come down again out here, they always do. By then we will be ready...
Basic food and shelter should be fundamental to any economy. Be it Western, Eastern, Northern or Southern.
I remember having this debate in the 90s regarding 2 people working and creating a lifestyle of no kids or kids in full-time child care.
The more money people have, the more they spend...and add in low interest loans, and here we are....
Greed and false wealth...next is crypto...or ponzi,...money for nothing..
First we have to fix this money laundering problem we have in this country. As long as this is ignored, we will continue to have unequal wealth. Both parties do not want to tackle this.
The same in Germany!
Die Parteien sind das Problem !
Yeah Sydney definitely needs two casinos!
Huh
Both parties orchestrated this. LABOUR AND LIBERAL last preference next vote. Enough is enough.
Ask any lib or lab federal polly why it took so long to get something going with tranche 2 and i can assure you neither will provide an honest reply. These are the same people that tell themselves and others they are of good character. See the problem?
Australia's public assets and private companies are now mostly owned by foreign investors. Those foreign investors demand double digit growth year on year, forever. Only way to do that is growing size of consumer market (high immigration) and extracting more money from existing consumer base (cost of living). Australia is being transformed from a nation with citizens, into an economic zone with units of human capital to be exploited to maximise profit. This is neoliberalism doing what it was designed to do.
well put. i think importing people just to keep gdp up is lazy governance and since the play of kevin Rudd to bring these private companies to pay more ended with corporations showing who really runs the country when they brought him down through his own party with a public fear hate campaign and instead of backing him, they through him to the dogs and gillard begged they stop the ads of misinformation running . but damage was done people swollowed the lies. Weakness cost them the reelection and continues to plague us today with governments on both sides not implementing strong policies that will benefit every australian because they remember what happened to rudd and its political suicide. to stay in government or have a job after politics they must appease these morally bankrupt giants. Until we all make a stand not to be manipulated or bribed our country is doomed. People should be far more pissed off now but many didnt even come from here and care about their origin which also undermines our sovereignty .Dont wait act now i feel. Do some not love our country
Nicely said. We’re in the Matrix.
The public IS a listed asset of Australia. They sell it's function to the corporations of the world. Australia is, in essence, a sweat shop for resources.
Thats not even how things work the more people in the country the more the dollar has to be split and the less the aus dollar is worth. Without more actual jobs and job creators or products to sell overseas to transfer that money from their ecoto ours the dollar will just keep dropping and they will make less and less money as a result like everyone els. If thats wat they think they need serious deep therapy.
When the population starts to decrease due to high living prices don’t worry the government will bring in more Indians and Chinese
I don't think Chinese will want to come here now that they realise how expensive everything here is given the TikTok refugees on RedNote sharing their experiences. But you'll surely enjoy many Indians!
And the RBA will cut to zero if needed.
RBA Skum bags
They already have some 8 million Indian visas since Albo- all types including the visitors who never leave and use the hospital fake students and each fake student has a partner.
Why pay slave workers peanut in an overseas 3rd World Slum… when you can just import those same workers and conditions to Australia.
Thank you. I’ve been bemoaning the sale of government assets since it began.
For example, when Keating sold the commonwealth bank, it made 7 billion profit PER YEAR. It was set up in 1937 to fund infrastructure, which it most certainly did.
Now it makes 10 billion profit which the people don’t see. THIS is why we can’t build beautiful schools and hospitals anymore.
And why are Google, Amazon, Facebook not paying any tax in Australia???
Traded my inner city terrace for a rural block and retired at 52. In 2019 everything was fine but prices and fees have doubled and my income remains the same. They pay electricity subsidies from the accounts of future generations, not address the problem of corporate tax avoidance. They are all corrupt and paid for. Vote independent.
Agree on all fronts with you. The government's have lost focus on their people. This current PM who came from a single parent family has absolutely no care for those still in that position. They are often on the back foot financially with children and are priced out of the market even for renting. Another all talk and no follow through BS story to make him look like a good guy. Money and power goes to their heads whilst our vulnerable suffer. It's amazing how they give up their core decency for money. No integrity or strength to stand alone. Just go with the flow because they have no courage. That's my 2 cents worth.
We are under military control, lots of government actors currently.
Reason for the hardship is that's what was installed for us.
I think they get in, and realise they are owned. This lot are better than the previous circus but its time for a massive shakeup and l think both major parties are going to get it. The media enables the rot.
Paul k had no clue about blue collar
And quite correct!
@@gerryatrix74Utter bullshit. We have Paul Keating to thank for our Superannuation System which is absolutely fabulous. I know it hasn't worked for everyone but the accrued national savings are something that really helps our economy. My super fund has been in pension mode for at least 5 years and I couldn't live without it.
I remember when Bob Hawke came back from America not long after he had been elected and he really looked spooked. It was as though, the US leaned on him. We know what things are like now, and deregulation of our economy seemed like a strategy to let Multinational corporations in and take over the economy as a subset of the US style of capitalism, in which the citizens end up worse off.
According to John Pilger, that's what happened. Certain people got their claws into Bob over a number of years via influence through some dubious, co-opted and corrupted organisations.
..yes , so true
Yep! Last true leader was Gough and you know what they did to him
I agree.
Bob Hawk was most likely was told what to do...And this is what I am sure, happened to Albo too, who also is a soft weak man, easy for them to push their Agenda on. Bill Gate was here 2 1/2 years ago and had private talk with Albo. It's easy to see Albo is not improving our economy despite what he says, despite how good it sounds but he does not act, does 'nothing', coz he speaks with a false tongue, can't be trusted.
We should be allowed to 'sack' a PM who is running our Country broke, before election time, he works for us after all.
Must vote the two major parties out as well as the greens independents people dump this lot
Can't, because the COMPLUSORY Preferential Voting System has been gamed by the UniParty to ensure that only The LNP or The Labor/"Greens" Coalitions will govern.
100% true, I, looking at the Libertarian Party
votes equal acceptance.
Independents have a limited power range unlike the Uni party, who have majority control. People need to decide where their preferences go - bugger trusting the political system to do it for you, that is part of what got us here in the first place.
@@marylou3995 yes!
We went from councils releasing land and we could buy a block of land and build a little house, to developers deciding the type, style and size of our houses. Our houses are getting larger and larger whilst our families are getting smaller and smaller. Ridiculous! And government red tape adds to costs as well-largely!
It’s not just housing. It’s the general cost of living. Did my shopping on Monday 22-01-2025 at Coles and wanted to buy a packet of Gaviscon tablets, pack of 32 tablets. Usually, the price is $13. Today it had gone up to $20 a pack. A Coles shop assistant was nearby with one of those things they change the price with, and I asked her why the price had gone up from $13 to $20. That’s $7 extra in one hit. Her reply was “ Yep, we are putting everything up. The price of everything is going up”.
I have noticed the price of almost everything in Coles and Woolworths has increased since the complaint they were price gouging. Coles and Woolworths are not going to admit they were price gouging by lowering prices, so they do the opposite and increase the price of everything. It’s like reverse psychology. They study shopper's habits and they know most shoppers are grab,grab,grab shoppers that never check the price of anything.
How? Corruption in the highest of places including system, government, judicial and the least important are the crooked.and compromised politicians
Oh, mate, you framed those questions so well, thank you for making this video! I have utterly enjoyed watching it.
I cried watching it
Cheers, mate! Glad you enjoyed it!
Thanks, great explanation of our current situation as a country. I'll be sharing the video with my adult kids.
Just spent the last 7 years in Sweden and returned to Australia. So sad to see first hand what is happening here. Money absolutely takes precedence over family. Consumerism and materialism is sickening.
Such a good video. Thought provoking. Says what many have been thinking and feeling inside. Needs to be shared!
Thanks! I’m surprised by how much traction this video has had.
10 years ago we all knew corporations owned us. It feels like we all forgot while they kept on making profits.
This isn’t just in Australia. The world is a mess.
Absolutely. Every country is having it's own issues on different scales.
This wasn't the case in the eighties. Not in Europe that's for sure. The rot began with globalization and the US predatory business practices and the accompanying propaganda began taking over the EU in particular. Europe is completely different crime is up, and culture is gone. And clowns git into governments. We can thank Mr Soros. Mr Orban was wise to kick Soros universities out along with his Open Society.
Yeah but we have no way out since we deindustrialised and gave up our sovereignty to be a vassal state and US military base. UK/NZ/Canada are in a similar position. Europe has a path towards independence from the US and full sovereignty, they will recover.
Au is been leading, and still in front.
Because all these so called leaders are taking orders from the w e f .One agenda for a 1 wrld gov
The sad thing is, the Govt was preparing for this to happen during Keating's tenure. Every Govt since then has gotten worse. j.
once they got rid of harold holt and whitlam game over
In the seventies our manufacturing quality was second to none , stability, cheap housing , food was locally grown, small businesses thrives, one income was more than enough for a family of four or five, weekends parks were full of families , fifty years on , where all that is gone ? globalisation, greed was created by governments with incentives, all of that now are taxed ,
One of the biggest issues which could dramatically change Australians society is the fact that nearly all the major mining companies aren’t being made to pay their royalties tax and this amounts to billions annually , we also export nearly all our natural gas instead of keeping a sustainable reserve for our on energy independence! We also shut down manufacturing of motor vehicles which cost jobs and created import costs .
🇦🇺😎👍We’ve been sold out and they KNOW WE KNOW BUT THEY DONT CARE !
Blame our stupid government. Australia will NEVER be the same again.
There is no government, only trust managers.
The “two party system” mixed with extremely gullible people that live in denial is the perfect mix for the political system. Nothing is going to change while we are stuck in the same circle of government
Straya is a woke corporatist police state. It's frustrating, humiliating and devastating to watch it unfold. And it's going to continue getting worse before it gets better.
Simplified Fascism Definition: a "woke corporatist police state".
Not so simple Fascism Definition: "Authoritarian, and ultranationalist political ideology and movement, characterized by a dictatorial leader, centralized autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination".
@gavriloprincip1477 yeah, although what we have is not nationalist, though; it's globalist
It's that way because people vote that way.
What makes you think it is going to get better? Maybe vote differently, at the mo it is shit lite or really shit ffs even demonstrating is illegal.
@@lloyd3404 I don't even bother mentioning that anymore, because I no longer believe voting differently is the solution, or the whole solution. We're locked into an unfortunate global system. Change will have to come by means beyond the vote.
The government knows while people are in eye watering debt, they have to keep trudging off to work everyday. There isn’t an option
There is ... start your own business. I have great respect for Uber drivers, tradesmen, food delivery couriers. There's a very old crippled guy in the town where I live. He wheels his wheelchair from garbage can to garbage can collecting aluminium cans for sale. When I see him doing that I take his "grab stick" and help him get the cans out of the public bin. I respect people who have initiative.
It's called slavery, but this version requires the slaves to feed and house themselves.
No amount of initiative is going to get the young people out of this mess. What you are saying is an exceedingly cruel thing.
@@lloyd3404 Thats not exactly a business, it sounds like the guy has no other options than digging through trash for $10 per 100 bottles if he wants to be able to eat.
Uber takes a massive cut and is only viable in busy coastal areas
You get a rare subscription from me. The right questions, the right answers, the right tone. Well done sir.
The changes that have destroyed life for the majority started with Keeting and were turbocharged charged by Howard. I'm 65 and have lived through the best decades of Australian history. One income 4 person family that could purchase a new house in 1980, no hope now, so what's changed. Wealth has been funnelled up whilst productive folks purchasing power has been diminished. NO doubt about the causes, diminished union influence on wages, negative gearing, capital gains tax discounts and other less obvious roughts such as the super anuation tax discounts. All these policies have accelerated the flow of wealth up the financial food chain.
Was only in the early 80s you could buy a standard home for 100g. New cars were half the price jobs were abundant. The issue is greedy government sticking their fingers in everything. Lazy government a government that has lost touch with it's people and is slowly creating a larger rift between haves and have not.
Thats the sign of a collapsing society when the elite become disconected to there own peoplr
Try 40K for a home
Wrong, cars were super expensive in the 80s. A base model car cost much more of the average salary. Now you can get a Kia for $18900 and the average salary is $100k. the average wage in 85 was about $4500 a year and a ford laser gl was $2700
@@xpusostomos inflations really ripped us a new 1 looking at that
It's not just the greedy government, they are just the repo men for the real bosses.
Well done putting this all together. Ive returned to Aus after 20 years away working in investment banking in London.
I left a calm balanced country, I returned to a fearful paranoid country
Too many immigrants.
Out of control personal debt.
The community is asleep on this.
Its a horrible place.
Im leaving
Its not a calm life here.
Yep all of that 👍💖
I have lived in South Korea for the last 15 years. Run my own business. While it isn’t a bed of roses, after visits back home on the Gold Coast I am always anxious to leave. Not the same relaxed coastal lifestyle I left behind in 2009.
@@karlcotleanu486 that’s because people from Sydney and Melbourne retired up there as QLD used to be cheap. They brought all their crap with them. I moved from QLD MCY to Sydney in 05. The coast has changed so much. I use to be the only wog in town and now Nambour has been inundated with multicultural people. I say the closure of the sugar mill in 03 had huge part in change the coast. Both Sunny and Goldie. The developers came in and wrecked the place.
@@rachelhovenden3669 Yup Namboring was a great little backwater last century but the multiculturalism and crowding is everywhere
And go where, London? The City of London is why things are the way they are here and in all other commonwealth countries.
Brilliant my sentiments exactly. How do we change things when politicians have been bought out. Doesn’t matter who we vote for we just get the same results 😩
We get conned every time by these slimy politicians. They are only there to line there own pockets. They all seem to get very wealthy, very quickly when they enter federal politics.
Better to vote for independents in that case, even if they are bought out, they do not have the power of an entire party
We talk about this as the only social justice issue. The last 5-10 years has basically been a distraction campaign for big business to extract profits while we argue about gender
Great video man. Subscribed.
Also, 56 years old here. Breaks my heart watching what happened to Australia. Even worse here in Victoria thanks to comrad dan.
Can confirm. Living In Geelong. Lost my job to layoffs twice alin a row during and then shortly after the pandemic. Haven't been able to get another since. Not for lack of trying, about one and a half years of trying.
Will run out of rent money shortly.
His legacy lives on..what ever happened when they released the recording of him admiting he hit that kid with his car?
I think that's a clear way of looking at things.
I see a lot of it from a geopolitical point of view and you made me realise that I need to pay more attention to national info. Cheers for your insights
We need to reform our financial system if we want to make houses affordable again.
How our financial sector is regulated is a very important but poorly understood topic.
Changes to the way our financial sector was regulated had very serious and detrimental impacts to our country, albeit it has taken a number of decades for these impacts to be felt.
Clearly this topic is a question of degree. You don’t too much regulation but at the same time you don’t want reckless behaviour that ends up in markets crashing or an uneven playing field.
Three areas where financial deregulation failed in the 1980’s are:
1) The complete lifting of capital controls. In 1985, the major banks had $8 billion in foreign debt. By 2008 the major banks had $800 billion in foreign debt. Most of this money was lent against housing causing house prices to rise to 12/13 times average earnings up from 4/5 times earnings. This meant two parents had to go back to work which created the institutionalised child care sector. This is turn lead to a decline in education levels.
2) Derivatives no longer had to be hedged. This meant that financial speculators (using your superannuation) sitting in their inner city ivory palaces could control the price of commodities and metals rather than producers and consumers. This caused greater volatility in the markets and drove smaller players out of the market allowing big players to get a larger share of the market and ultimately profits. Many of these players were foreigners who displaced Australian producers.
3) State banks were allowed to engage in merchant banking. This was reckless to say the least. As a result, both the State Bank of Victoria and SA collapsed because they were allowed to engage in high risk lending that a decade before was not allowed.
In summary, we need to restrict how much foreign capital banks can borrow and stop speculative derivative trading.
If a public bank is created it should never be allowed to engage in high risk lending.
The State Bank in SA was originally set up to provide cheaper long term home loans to new home owner/occupiers.
Every young married couple bought a house with a bridging loan while they waited for their name to rise to the top of the list eligible for a State Bank loan. I don't remember if the interest rates were fixed. But yeah they started lending money to insolvent builders and went broke.
Yep, we need reform. Can't vote it in, can't revolutionize it in. Have you considered a parallel society?
We had a society … we talked to each other …all of us communicated face to face … Now …we pass one another in the streets without making eye contact … it is as if the world we live in is a wayside terminal full of strangers commuting to their next destination…!
Sad ah?
@ yah
I remember Labor losing in 1996 and I still ask why (the economy turned around but Keating was seen as a bit arrogant but aren't many leaders that way)? I'm much richer than I've ever been, but I've also never felt poorer than right now! I know Hawke and Keating privatised some things (such as the CBA), but Howard and Costello started the rot by changing the CES to Centrelink along with privatising a lot more things (modus operandi of the Liberal Party, sell public assets to fund public spending instead of taxing multinationals). Abbott killed the car industry (less productivity = static or increasing interest rates, hence why we're struggling to get inflation down). Both parties are guilty of screwing up the housing market (Libs with tax incentives for investors, Labor with first home buyer schemes, both parties have n't got the courage to ban foreign ownership either). I'm probably going to die before retirement age (I'm relatively healthy but I'm getting obese close to 50 years old), I just hope I can work till I drop as I don't think I can self fund a retirement here (or I may have to live in South-East Asia in old age). I just hope a few good politicians can make change as many of the others are corrupt and are just riding the easy gravy train to a wealthy retirement or post politics corporate career (I don't understand why many just don't start in business in the first place, some politicians seem to be good with their own money but have zero charisma or communication skills to begin with).
The unions killed the car industry by their consitstent wage demands
It happened to me. Get to 110. Later learned that under lots of emotion and mind pressure the body creates cortisol that breaks havoc in the body.
Went on special diet with doctor help and lost over 30kg in 6 months.
Look for cortisol and carnivorous diet. Take care of yourself.
This economical and monetary system will not change soon. Everything is by design and we regular people can't do anything at the moment.
The banning foreign ownership would be best
49 years old. Goodness. You don't seem to enjoy your life...
Thank you for your insight, everything you have stated throughout your content strikes directly upon the heart of all Audiences in Australia whether they are rich or poor it makes no difference! Also answers in evidence based on figures you’ve provided are staggering numbers and should be considered as a wake up call to our nation stakeholders. However, the fact there are no concrete solutions to any of these specific questions and issues is even worse and worthy of serious discussion moving forward towards finding solutions moving forward with this problem of growing wealth inequality. Thank you again for reminding us all of this stark reality and if we don’t fix this issue we will eventually be facing an ongoing economic crisis and inequalities similar to the current instances found in the United States that is happening 😮
The corporatisation of residential investment properties is the greatest con of our time.
Why are so called religious COMPANIES not taxed. ????
Are they so rich??😂
I think you meant 'Organized Religions?'
Because they done deals with the money lenders and governments to be tax free as long as they ensure their church members are told lies that the government is the authority and they must worship money and the Gov, not God. Simple when you study enough history and religion.
@@sinttrollfolk NO. I know exactly what I meant. Have you ever heard of a church going into liquidation??
The Catholic Church is the richest Cartel on the Planet
Mate, you are unfortunately SO correct in your assessment.
One of the biggest reasons for our demise was Keating selling the Commonwealth Bank. A public bank and the tightly regulated mortgage market was one of the main reasons home prices were kept on a leash. Once the bank was sold the private banks started flooding the real estate sector with credit, which has been non stop since the late 90's. Property has gone from 3-4 times income to 15+ times today. Both sides of politics' no. 1 priority is not letting house prices fall, hence mass immigration over the last 20 or so years. Population of Aus up 8.5 million since 2000. A slow-motion train wreck that has priced most younger Aussies out of their own country.
When we moved to Kalgoorlie in 1981 I was on 17,500 a year and we bought an original unspoiled 3 bed pre WW1 miners cottage for 14,000. In those days the town had 27,000+ population, so it wasn't a cultural or social desert. Lots of jobs too. When we moved to the Goldie in 1984 we bought a mortgagee house for about 50,000 on an income of 30,000. SO it wasn't difficult to pay off a home back then. I hope we get a major crash, a debt jubilee and a restart with some social conscience attached to it.
You can add little Johnny Howard and his negative gearing policies to that list as well.
Thank you! I’ve been saying this for years! That slimy creep, doing us all a favour. Even his opposition were aghast he was doing everything for them.
@@Drew4361shard core lefties like to cite this, but the sale of CB was really the big one.
No come on, regulation is the enemy not the cause. You have tightly regulated development zoning and building regulations combined with massive immigration. So demand through the roof and supply tightly constrained by regulation. What do you think will happen then?
I agree with you 100%, Its exactly the kind of thing I've been saying for the last two years. You are an incredible communicator. Thank you
Thanks! Australians need to unit under this issue!
You are spot on, in what you have said young Fella!!!
Politicians are not looking after our country
same in uk stasi starmer loves giving money we dont have overseas.100 year pledge to give ukrainewe elect crettins so what does one expect billions every year.
I believe we have reached a critical juncture where those unwilling or unable to perceive the reality before them remain indifferent to the consequences of their actions. What we are witnessing is a deliberate and systematic deconstruction-not just of the dollar but of global currencies as a whole. This process is neither accidental nor coincidental; it is calculated, orchestrated, and imposed.
The effectiveness of this strategy is alarming, raising a pressing question: What does the next phase of this plan entail? When the inevitable unfolds-streets crowded with people desperate for food, shelter, and safety-we may witness societal collapse on a grand scale. Organized gangs could exploit the chaos, looting businesses, banks, and homes, leaving destruction in their wake.
How prepared are we for such a scenario, and what measures could mitigate these potential outcomes
civil war is the most likely outcome. It will get sparked off in some other country and flow around the world.
The inevitable is people crowding the streets unable to buy food? What is the reasoning behind this? Today $20 for 1h work feeds a family... So I don't get your jump to this conclusion.
@@hannesRSAYou can’t see the wood for the trees.
Yes, indeed this is all by design, and going ahead according to plan. What most people don’t understand is that freedom, and democracy are not the historical norm. Serfdom and slavery of the majority by a violent ruling elite is the norm. We are reverting back to the historical mean/average.
@@hannesRSA debt. if people fail to pay their debts the entire economy falls apart. the only way they keep it going is by printing fake money (causing inflation) or the entire thing implodes.
1. we need essential services in the hands of the government - NOT the for profit businesses. 2. STOP the concentration of market share to outlaw duopolies or unfair market power. 3. STOP allowing multinationals to exploit our wealth. 4. if we need to dig up stuff let the government do it. Neoliberalism as a philosophy does not work. Privatisation does not work. Bringing in more people only inflates the GDP and makes peoples' standard of living worse. STOP following the USA. STOP increases in military spending. Become a real nation and be NEUTRAL. Spend money on HEALTH and EDUCATION as #1.
I agree with the sentiment, but If we wait for Gov to do the work - like the roads for example, we would still be building them ..... I doubt they would have the M5 finished
@@duncanrodger-z5h Good point. Need a new government, or better Public Servants. But we cannot give up and give the roads to Transurban and have the most tolls in the world. Well that is nothing to crow about. Big business has got too fat and the government needs to man up and stop giving business business our money. We need to spread the word the politicians spineless pieces of excreta.
How is giving more power to government going to solve an issue created by government?
Privatisation worked. It brought about the 50s and the 80s which were the richest time in the world. Then you allowed the government to set up federal reserve banks and control interest rates, and gave up your free market. You spent the last 30 years creating a bubble with artificially low interest rates, and you blame privatisation for that? That's the govts fault
@@chickenbroski99 It is a situation created by big business and lack of competition facilitated by government. We need a strong left of centre party that VALUES people over profit and corporations. We have seen that Neo Liberalism (a philosophy) in place for about 50 years has failed we need to do something else. Continuing with selling off public assets and privitisaton and expecting the people to enjoy a growing standard of living is just insanity. I am in business with a Masters degree in economics accounting and business have worked overseas and can see the PEOPLE getting poorer. This is NOT good unless you are the 1% of the rich people.
My first home was a modest 3 bedroom, one bathroom house purchased for $68,500 in 1987. We sold it in 1991 for $104,990. The same house sold in 2024 for 1.2mill. Any wonder why young Aussies are having so many issues getting into the property market. Why the acute rise in property value. 1) The government opened up Australian properties to overseas investors loaded with cash, many houses sold for record prices. 2) Massive immigration, many of these people are cashed up, again paying more for houses. 3)Local investors taking advantage of negative gearing and purchasing multiple properties squeezing out home buyers. All of the above are government policies.
Sustainable Australia Party. Their party aims are literally to resolve the issues you describe in the video.
1. Stop Corruption.
2. Stop overdevelopment.
3. Stabilise the population.
They have the best most people focused policies of ANY party. Everyone needs to vote for them.
I can’t afford to retire In Australia. I’ll have to alope to some third world country and live on home brew and chickens. I’m positive about it quite frankly.
Would do the same.. Not leaving here a single penny
Unfortunately you are living in a third class country...when you travel overseas and return you see the difference..
@@gundytiger soon you will understand that there will be not any difference..
I’m camping out in a beautiful rainforest with my two beautiful puppies , I stopped loosing hair and never have been happier deep down .i feel alive again
A lot of peeper thinking the same mate. On the plus side you get to see a lot values in those sorts of places that we have taken for granted and forgotten about.
We need to speak up, no more sleeping.❤❤❤
100%. No other issues matter in comparison to this one
The NDIS agency supporting my grandmother who is 90 old, told my grandmother that she could get two mobile phones for free. My auntie claimed this benefit without letting my grandma know about it. After my grandma learn about this the agency gave my grandma another two handset free. That is in total 4 units of iPhone 16 add the expense of the taxpayers. This is crazy.
Booooooooooooo
Compare NDIS some abusers / very few / to politicians and local council "hyenas" then you will have real pictures of "responsible" power thirsty mob. 😁
We have a neighbour who fell off a ladder at home and broke his neck. He can still use his upper body though. NDIS paid for $150k of home renovations (ramps, doors, aircon, bathrooms etc), electric wheel chair, a new Toyota van with wheel chair lift, people to come in an wash, housekeep and do stuff like physio, massages etc. Plus additional income above his pension plus his wife as carer. They live next door to the pub and party on the regular. To my knowledge the van has never been used and the local taxi is wheelchair equipped anyway. He is in his thirties so will be on the NDIS for a very long time. I don't begrudge his benefits. I am sure he would rather be his old physical self. But this is one individual. The mind boggles at what the total costs are when this scenario is multiplied by thousands
The ndis is a fraud and has to go.
@@rickrakauskas3287 you must be having us on. My niece is on to surgery #47 and we can't even cobble together the money to pay for her medication regimen. NDIS turned down the modifications to the house until a quote was low enough to get through and then only got half of it. after 2 years of waiting they did pay for the wheelchair and stair lift, though only after her mother had surgery on the nerves in her elbow from carrying her up the stairs.
Well done sir. You have effectively simplified and explain some important question of relevance to Australians. Thank you.
Thanks Kevin!
If the government had the balls to tax the corporations,this country would be thriving ,but that money is funneled into corporations shares enriching the already rich ,the working middle class a taxed to death to prop up the lower class ,we are the working poor ,imagination is out of control ,it is an absolute mess ,I’m over the uni party ,we need some serious changes in this country
Homes and Families are meant to be one . . Never meant to be . . Investers and Renters ! When was the last time you heard of a Politician renting because they can't afford to buy
A voice worth listening to. Glad I stumbled (read: UA-cam algorithm suggested it) across a clear-thinking speaker able to present a lot of facts, how we got here and compress it all down to a very manageable and watchable speech. Well done and thank you for a thought-provoking and informative talk.
Another great video, Mr Bell! Totally agree with your point of view. I just bought a house. It's in a coastal town in Queensland. Six minutes bike ride to Woolies. It has a Bunnings and Mitre 10. My house is three bedrooms on 835m² land. It cost me less than $185,000. I'll live in it for a year and fix it up and sell it for a net 80 to 100k profit plus free living and doing something I enjoy.
I see the game is rigged so I've taken steps to play the game in my favour. You can only play this game with cash and time to renovate on your hands. It won't work if you need a mortgage.
Not everyone is a carpenter alas
Where?
@@kp8972 Innisfail
@@YvonneCrean and neither am I.
I built and sold a home to an asian family in Mt Warren Park, south of Brisbane in the mid 90's!! As a small self employed builder, with a young family; I nearly went broke while the FIRB tied up my liquidity while I paid excessive overdraft fees? The Gov't held up the sale for months and months. Don't sell to overseas investors unless they have FIRB approval and qualified first? 😢
Question: should those that live overseas be able to purchase aust residential real estate?
@@Burrows24 Only if they are naturalised Aussies, or if they qualify for Australian residency as part of their employment. IE, heart specialist, aust company director needing to reside here etc; which goes back to my last point!! Don't sell to overseas investors unless they have FIRB approval and qualified first? 😊
Why are Asian’s so cashed up but Australian’s are struggling. It was the other way around not so long ago. Makes me think it’s not an Asian but our government running its own people into the ground
Thank you for this video. You have said everything I have been saying for years.
What are we going to do about it? We cannot vote for the 4 main parties or Teals as they all part of this. Time to get involved in politics people, not just at voting time
Honestly we can just talk about it. 10 years ago we all knew the country was corporatised.
The last 10 years has seen western countries distract and divide it's people on social justuice issues.
This should be the social justice issue that unites Australians.
In Western countries, from the end of WW2 till the 1980s, trade unions were strong and tax on the wealthy was high, very high. A huge middle class drove those economies, and wealth disparity was low. Then, in the 1980s, those high taxes were cut and the unions were weakened. And it's been downhill ever since. NONE of this is news, we've know about it for decades. But no government will ever do what is right for the people, only what is right for a) the government and b) their business cronies. And yet, these same governments get voted in repeatedly. Again, and again, and again. Stop crying about it - you get the government you deserve. Walter Scheidel writes about the Four Horsemen of leveling - mass-mobilisation warfare, transformative revolutions, state collapse and catastrophic plagues : those are the ONLY ways this ends. You can no longer vote your way out of this. It's simply too late.
Correct, " It's simply too late.".
Thanks for the tip. Will read this book. Ive been saying the same for a few years (albeit less eloquently)
You're completely off base. The US dollar no longer being backed by gold and artificial interest rates set by federal banks are the main drivers of this crisis.
Taxes are bad. People like you who encourage government spending and high taxes is what has turned out economy from a collection of small businesses to a central government controlled economy
@@chickenbroski99 You make a salient point although I never implied that I encourage government spending. I agree that too much government spending is bad. Especially government subsidies. However, government spending on healthcare and welfare is better than corporations trying to turn a profit from people's misfortunes - that is obscene and abhorrent! The only proven way to reduce income inequality is high tax rates. I honestly don't believe that someone who earns $1 million/year works 10 x more than someone who earns $100 thousand/year. Lots of small businesses are a great idea, except that cartels will always form without government oversight. Heck, they form even with govt oversight. I believe in some government, rather than no government.
Just a little statistic , in the last 29 years labor has been in government 9 years , the LNP twice as long , at 20 years, a lot of people blame labor, but LNP has been in control the majority of the time .
They are both one and the same
The UniParty has a lot to answer for, plain and simple
The Voice. 450 MILLION GONE.
It's Labor who keep dramatically increasing immigration. First Rudd, and now Albo. LNP never bring it back.
Wake Up! its the Both of them! LIB/LAB Same Same! Sell Outs!
We have miss allocated investment into housing and not productive enterprise. We are unable to service the housing debt without increasing it and certainly not able to pay it back. The Keynesian Multiplier indicates that debt above 90% makes less than a 1$ return on a1$ borrowed and Aus and NZ have total debt of around 130% gdp. Both private and government debt. We are in a very bad place and it may end badly.
Waffle that doesn't explain the severe shortage of housing.
@@davidvanderklauwI think it’s actually a really good explanation of the problems we face. Many of our households leveraged themselves up to the eyeballs to buy property and now almost a third of those of those are in, or are on the brink of mortgage stress according to Roy Morgan polls. I mean the cash rate is only a little over four percent! As for supply, as Nina points out many of our governments are heavily indebted too. that’s a big problem on the supply front because in many cases it’s not just a matter of releasing land, the state and local governments need to build roads, infrastructure, schools, etc to support those land releases, and again many of our state’s budgets aren’t in great shape. Basically we’ve starting to hit the limits of how much we can borrow from the future.
Brace for rates over 10%
Very true! I had the same doubt, but it is confirmed now.
I like to thank the Labor Party for doing this to us under the hawk/Keating era, i was in high school learning stuff thinking that when i leave I could get a job, wrong, we had a recession we had to have according to Keating. I was unemployed from 1991 to 2009, when Gillard kicked Kevin Rudd out of office they deregulated the TV channels, that's why we have more channels of crap on TV. Last year I lost my job because the company couldn't make ends meet. Now I'm unemployed again. So since i left school in 1988, I have spent more time unemployed than employed and I'm only 52 yrs old. This not the life i wanted when I started high school. Everything this bloke has said i agree with.
Recessions do clean out the dead wood, the country needs one right now.
@tonyp2865 spoken like a politician?
@ Actually I have been in the housing industry for 54 years and I don't vote.
Hawke opening up the economy gave us immense opportunities to grow.
The subsequent (mostly) 50 years of the Liberal party futher allowing overseas investment far beyond what was envisioned is the problem
The concept of governance must be questioned.
Good work mate. 😊
Thanks mate!
John Howard.
Whitlam started it all.
Left and Right wings of the same Vulture?
@ruby whitlam started the gentrification but only Howard monetised it.
Thank you Peter, Spot On you hit the nail on the head, we slid down hill since 1996 😠
You might as well blame every politician who was prime minister. Since 1972 for what is happening. Mis handling a fabulous wealthy country. Turn it into a 3rd world country. We are just cash cows
A very balanced and lucid approach to the problem
Your speech is very well delivered. Also this would be an extremely good promotion, a good advertisement for Your Company,
Spot on.
The government wants to show strong economic figures to attract investors to buy Australian debt. To keep this up, they print more money to pay off the interest on their debt, creating a cycle. This is one of the main reasons behind the high number of immigrants, they help boost the economy and keep the system going.
Yes debt based system. When no credit issued from the currency devalued printers the SYSTEM IS IN LOCKDOWN. Just as 2008 when Fed chairman said to Bush within 24 Hours if money not out into system it locks up. Nobody able to access banks currency anything.
Globally this will play out soon. It is on purpose just so the Central Banks via likes Of Trump does their work for them and instigates new system crypto, Central Bank digital currency all set up now in the wings, ready for gullible sheep public to be influenced manipulated into. Globally.
The price of land in the outer suburbs is so expensive , over 1k per sqm . 600sqm block is over 600k . If land in the outer suburbs was cheap , so would homes be in the inner suburbs . It's a scam . Realese more land , supply and demand .
What's amazing is there is literally thousands upon thousands of acres available but it's released at a controlled rate. You aint going to get farmers to give up land cheap and developers a pushed to cover all the infrastructure now, roads, power, sewerage etc where government used to do that. So those costs are added to block prices. It always leads back to government policy. Very poor government policy. They're happy to boost their own wages every year and make what ever cuts nessasary to make it happen. Too many pigs in the trough.
@@3800TURBO Dude 400k for 350sqm , a tiny block in the outer suburbs , plus to build , over 700k . Yep in the outer suburbs .
Better still...sack interfering councils for money grab and faux power
It's great to see someone talking about how this has happened over decades. Albo has shat the proverbial bed for sure, but the problems haven't arisen in the last 3 years.
Yes, they've been bought out. Great video. Thanks.
Coz of usless politicians,, but i blame myself for voting , not anymore thou .
Many of whom are enplacement. Saw one from Queensland not know his name he in one nation. He is good 👍
And fined for not voting
@@tobybrown1179 I'm happy to get a fine ,,, I stand by my morals
@@carlywright5127- did you see Pauline in Asia having lunch with gina rinehart????
That party is finnished.
@@tobybrown1179haha didn’t vote either and still not fined. Two states vic & Qld
Government spending in emergency,look’s like Albanese saw the million’s of dollar’s to build a football area in Tasmania as an emergency to him, it could have been put to better use,such as the public Hospital’s,but he Not think on the important thing’s, he rather bring in way immigrants, to burden the Hospital system far more till all is finished
We all know that. He's a lying little creep just looking after himself
They started selling it off, when hawk and Keating floated the Aussie dollar our stranded of living has been going backwards since
And I did mean standard of living
It didn't go backwards for them !@@darylhartnett4348
Stronger currency should be better for you. Basically Australia has been borrowing too much. A lot like a candy store too for some.
Plus free LNG to Japan who sell for a profit, like WTF have our politicians been doing? Also compared to Qatar on just the gas royalties we have and are lost 70 billion dollars every year
All other minerals have had the rates of royalties cut to a pittance
Sold out started a long time ago
You nailed it son corruption controls us all without us realising it🤷🏻♂️🙏
When Politicians and Bureaucrats decided to permit "open slather" for NON-CITIZENS to purchase Australian domestic housing, the dream of house ownership by all Australians was destined to become a NIGHTMARE.
Absolutely agree
All true but also true is people’s loss of resilience. Social media lets us see everyone’s depression and negativity. People think Aus used to be wonderful, a paradise where people had money and life was easy. No it wasn’t. Most Aussies lived povo lives and struggle has long been the norm. Only in the 90s did Aussies start to become rich, and those dvd raised kids only knew that comfortable existence. Now there’s a downturn and they can’t handle it and are losing their minds. Reminder, your grandparents went to school with no shoes and were tough as nails. You have 100 shoes and are soft and weak
The NDIS is a necessity as many people rely on their services for their very survival. It is unfortunate that some have rorted the system by buying expensive cars, going on overseas holidays and the like. The NDIS needs to be reigned in not eliminated.
Needs to reigned in massively.
Cant pay what is being paid out
Rediculous
SOME?????? Kidding....
Compare NDIS some abusers / very few / to politicians and local council "hyenas" then you will have real pictures of "responsible" power thirsty mob. 😁
I don’t understand why so many rely on this service. Why are there so many? I remember the days when family looked after their loved ones in need comfortably without government support, what happened
@@redgatecrt Because families don't have any disposable income any more to care for them and I guess they just suffered in silence with no quality of life at all ................
Nice to hear a discussion of materialism vs quality of life, literally quality vs quantity. And love the 'allergic to debt' quip. That is me. Greetings from South Africa.
Lots of good information in this video.