Firstly let us establish some points.
1. When people die on unsafe boats making an unsafe paid journey for asylum, they are terrorized, to death!
2. The traffickers who profit and organise such perilous journeys are terrorists and must be treated as such.
3. No push factor will stop the actual asylum seekers getting on a death journey, only stopping the boats will stop the deaths at sea.
I suggest that our ASIS team, or some other similar organization in association with the Indonesian Security Services, have assets as potential asylum seekers and an aggressive intel operation be launched with the sole objective of capturing and sentencing as many 'trafficker terrorists' as possible. I would support the death penalty for those that could be identified as causing multiple innocent deaths and a minimum 25 year sentence for others. Heck, the Australian gov't could meet some of the overall costs of the sentence with approx a $250k contribution per 'terrorist' who is locked up for the full term. Certainly cheaper than our current policy settings I would think.
This will stop the boats and our humanitarian intake can be increased as it rightly should.
the personal ramblings of Pauk...
Thursday, 29 November 2012
Monday, 22 October 2012
Ok, on my first day...
Ok, so I am elected Prime Minister, want would I do first...
1) I would make voluntary youth voting for every 16 year old up. If they pay tax, then they should have the right to vote. Quite simply, kids today are more informed and more politically aware. They should have the right to vote.
2) I also think that the top 2.5% of high school graduates, should get a HECS free education. To pay for this get rid of the Baby Bonus totally as it only ever made a 1.2% gain in our fertility rates.
3) Abolish stamps and make the PPOR eligible for the full CGT if sold under 10 years. No CGT on any property after being held for 10 years. (Exemption for health, babies or work relocation)(pensioners can pay the Land tax as a 'deferred reverse mortgage' to the govt)
4) Centrelink to be the only provided of 'Reverse Morgtages' and all other commercial offerings banned. Centrelink can provide a no negative equity guarantee.
5) The PPOR over the value of $750k to be counted in the asset test for pension eligibility. Once again, reverse mortgages available to those you have ample equity and require the cash.
6) Work with Indonesia to put in a special military team/intel to 'take out' the people smugglers. We should be going after the 'drug dealers' not the 'drug users'. The people on Nauru have confirmed to me that the Indo police know who the smugglers are now. Fly all unauthorised asylum seekers who arrive, back to their country of origin. (Sorry Carmel, had to edit out 'illegal' as you pointed out :-)
7) Increase the GST to 20% to help pay for the ageing nation. Welfare /pensions to rise accordingly to compensate. With the increase in the GST the tax free wage threshold raises to $50k. Phased in over 4 years.
8) Family Assist Part S - Family Assist Part S
9) To encourage permanent placements into regional Australia, doctors who immigrate and bring their family (wife and at least 2 children) and reside in a regional area, are given a free house for rental accommodation. After 5 continual years in that community, the house ownership is transferred to them at no cost.
10) Death Tax on estates over $2 million (25% on the amount over $2 million)
12) Close the rort of SMSF's using NG/losses within the fund to increase their cap contributions levels and saving on tax on the way in. This rort is distorting the property market now and making entry homes even more unaffordable to our youth.
1) I would make voluntary youth voting for every 16 year old up. If they pay tax, then they should have the right to vote. Quite simply, kids today are more informed and more politically aware. They should have the right to vote.
2) I also think that the top 2.5% of high school graduates, should get a HECS free education. To pay for this get rid of the Baby Bonus totally as it only ever made a 1.2% gain in our fertility rates.
3) Abolish stamps and make the PPOR eligible for the full CGT if sold under 10 years. No CGT on any property after being held for 10 years. (Exemption for health, babies or work relocation)(pensioners can pay the Land tax as a 'deferred reverse mortgage' to the govt)
4) Centrelink to be the only provided of 'Reverse Morgtages' and all other commercial offerings banned. Centrelink can provide a no negative equity guarantee.
5) The PPOR over the value of $750k to be counted in the asset test for pension eligibility. Once again, reverse mortgages available to those you have ample equity and require the cash.
6) Work with Indonesia to put in a special military team/intel to 'take out' the people smugglers. We should be going after the 'drug dealers' not the 'drug users'. The people on Nauru have confirmed to me that the Indo police know who the smugglers are now. Fly all unauthorised asylum seekers who arrive, back to their country of origin. (Sorry Carmel, had to edit out 'illegal' as you pointed out :-)
7) Increase the GST to 20% to help pay for the ageing nation. Welfare /pensions to rise accordingly to compensate. With the increase in the GST the tax free wage threshold raises to $50k. Phased in over 4 years.
8) Family Assist Part S - Family Assist Part S
9) To encourage permanent placements into regional Australia, doctors who immigrate and bring their family (wife and at least 2 children) and reside in a regional area, are given a free house for rental accommodation. After 5 continual years in that community, the house ownership is transferred to them at no cost.
10) Death Tax on estates over $2 million (25% on the amount over $2 million)
12) Close the rort of SMSF's using NG/losses within the fund to increase their cap contributions levels and saving on tax on the way in. This rort is distorting the property market now and making entry homes even more unaffordable to our youth.
Saturday, 20 October 2012
Melt or bust?
It is clear that if you are in some parts of Oz now, a bust has already happened, however for the vast majority, they felt a slow melt.
IMO a slow melt till 2018 is on the cards and most likely to be engineered by the RBA and political will.
IMO a slow melt till 2018 is on the cards and most likely to be engineered by the RBA and political will.
Friday, 28 September 2012
Tuesday, 28 August 2012
Pondering...
Mmm.... just had a thought.
If retired people want reverse mortgages (11% and compounding interest) then why not just sell 25% of their home to an investor and agree to pay some rent. If someone can not sell their home, why not sell 50% of it.
It would suit society if the govt were to buy this equity, so when the pensioner couple die, the house could be converted to public housing as an option.
Flexible financial housing solutions will assist in the deflation.
Later edit: domacom.com.au provides Fractional Property Investing.
What are the exit plans like for the majority holder? Who decides the sell price? Lots of question, however a novel approach
If retired people want reverse mortgages (11% and compounding interest) then why not just sell 25% of their home to an investor and agree to pay some rent. If someone can not sell their home, why not sell 50% of it.
It would suit society if the govt were to buy this equity, so when the pensioner couple die, the house could be converted to public housing as an option.
Flexible financial housing solutions will assist in the deflation.
Later edit: domacom.com.au provides Fractional Property Investing.
What are the exit plans like for the majority holder? Who decides the sell price? Lots of question, however a novel approach
Sunday, 26 August 2012
Unwinding of our Terms of Trade and GDP Growth
Treasury data released in July shows that roughly half of the growth in average income experienced in the 2000s was due to the rise in out terms of trade, and the economy and income growth would therefore experience severe challenges in future when the terms of trade unwind.http://www.treasury.gov.au/PublicationsAndMedia/Speeches/2012/Productivity-and-Structural-Change
http://www.mckinsey.com/insights/mgi/research/asia/australia_productivity_imperative
Not sure what planet Dick Smith and Ian Lowe are on?
http://www.abc.net.au/radionational/programs/ockhamsrazor/australia27s-population-debate/4197352
Perhaps if we were actually dealing with the real data and Professor Lowe actually could quote the correct numbers?
He states...
"Adding together the birth rate and migration, the Australian population is now growing by about 400,000 a year or another million every two and a half years...
Each year about 100,000 Australians die and about 250,000 babies are born, so the population would grow by about 150,000 a year or about 400 a day if there were no migration."
We grew by 302,000 actually and 60% on a temporary Visa.
149,700 net natural growth or 296,700 births minus 147,000 deaths. So he is out only by approx 50% in his numbers. Note the deaths were 2.5% higher than the previous year as were births.
Our NOM was 184,000.
http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/3101.0Dec%202011?OpenDocument
What it leads to his the same sort of misguided emotion that surrounds climate change. The difference, demography is quite exact. Look at this bs, Brisbane to grow to 4.4 million from the 2.15 million now by 2031, when it is actually grew by 34,800 last year. Far short of the 118,1421 required yearly to add the 2.25 million over the 19 years.
http://www.brisbanetimes.com.au/queensland/population-sweet-spot-how-big-should-brisbane-grow-20120822-24mgm.html
Facts...
1. Some city areas in Brisbane are in population decline, as are the other capitals.
http://www.abs.gov.au/ausstats/abs@.nsf/Previousproducts/3218.0Main%20Features62010-11?opendocument&tabname=Summary&prodno=3218.0&issue=2010-11&num=&view=
2. "The SD of Brisbane experienced the largest growth of all SDs in Queensland, with an increase of 34,800 people (1.7%) in the year to June 2011. Brisbane SD accounted for 45% of Queensland's population at June 2011." Mmmm... 20 years by 34,800 is only 696,000 extra people and in that time frames Qld death rates double.
3. I suppose these suburbs in Brisbane are bucking the Dick Smith Trend. "DECLINING POPULATIONS- In the 12 months to June 2011, just over 10% of the 74 LGAs in Queensland had a small decline in population or remained stable. The two SLAs with the largest declines were Keperra (down 40 people) and Bald Hills (down 30), both located in the Brisbane (C) LGA."
Really as far as the growth in the population in Qld, both natural growth and the NOM could fall and we would still be growing due to the 1/3 demographic momentum, more people living longer.
Perhaps if we were actually dealing with the real data and Professor Lowe actually could quote the correct numbers?
He states...
"Adding together the birth rate and migration, the Australian population is now growing by about 400,000 a year or another million every two and a half years...
Each year about 100,000 Australians die and about 250,000 babies are born, so the population would grow by about 150,000 a year or about 400 a day if there were no migration."
We grew by 302,000 actually and 60% on a temporary Visa.
149,700 net natural growth or 296,700 births minus 147,000 deaths. So he is out only by approx 50% in his numbers. Note the deaths were 2.5% higher than the previous year as were births.
Our NOM was 184,000.
http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/3101.0Dec%202011?OpenDocument
What it leads to his the same sort of misguided emotion that surrounds climate change. The difference, demography is quite exact. Look at this bs, Brisbane to grow to 4.4 million from the 2.15 million now by 2031, when it is actually grew by 34,800 last year. Far short of the 118,1421 required yearly to add the 2.25 million over the 19 years.
http://www.brisbanetimes.com.au/queensland/population-sweet-spot-how-big-should-brisbane-grow-20120822-24mgm.html
Facts...
1. Some city areas in Brisbane are in population decline, as are the other capitals.
http://www.abs.gov.au/ausstats/abs@.nsf/Previousproducts/3218.0Main%20Features62010-11?opendocument&tabname=Summary&prodno=3218.0&issue=2010-11&num=&view=
2. "The SD of Brisbane experienced the largest growth of all SDs in Queensland, with an increase of 34,800 people (1.7%) in the year to June 2011. Brisbane SD accounted for 45% of Queensland's population at June 2011." Mmmm... 20 years by 34,800 is only 696,000 extra people and in that time frames Qld death rates double.
3. I suppose these suburbs in Brisbane are bucking the Dick Smith Trend. "DECLINING POPULATIONS- In the 12 months to June 2011, just over 10% of the 74 LGAs in Queensland had a small decline in population or remained stable. The two SLAs with the largest declines were Keperra (down 40 people) and Bald Hills (down 30), both located in the Brisbane (C) LGA."
Really as far as the growth in the population in Qld, both natural growth and the NOM could fall and we would still be growing due to the 1/3 demographic momentum, more people living longer.
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