Let's follow that argument for a second... what do you advocate then, if government is corrupt (which means the voters elected a corrupt politician that can't be removed from office) and the rich abuse their dominant position to be wealthier? What do you suggest?
Politicians need to behave far more professionally. I'm pretty certain if they worked for large mining companies or oil & gas where responsibility and safety are paramount, the way they behave presently, they would be sacked the first week, these large responsible companies don't tolerate nonsense. Problem with politicians, they talk first, think later. Also too much media camera exposure gives them a sense of hollywood, bravado, self importance. Talking it up to the camera, talking shit, full of themselves, centre of attention. The only solution I can think of is, take their travel and other perks away, make them sweat in a job like every other worker, take the media camera attention and skiving off long lunch perks away, get them spend a couple of years at least in boot camp work training before they get the keys to office.
Thousands of bank customers seek financial hardship help as lockdowns bite https://www.smh.com.au/money/planni...p-help-as-lockdowns-bite-20210916-p58scf.html By John Collett September 21, 2021 The number of people and small businesses receiving financial hardship assistance from banks during the latest lockdowns in NSW and Victoria has rocketed. New figures from the Australian Banking Association (ABA) show more than 57,000 customers are receiving assistance, including more than 30,000 repayment deferrals on home and business loans. An empty street in Canterbury, NSW. Some people are working reduced hours or have been stood down during the latest lockdowns.Credit:Wolter Peeters The number of individuals and business owners receiving assistance, which includes deferring credit card payments and waiving fees and charges, more than doubled during August, compared with July. Home loan deferrals grew to more than 27,000 in August, up from about 14,500 in July, while deferred business loans soared to more than 3500, from just over 600, in the same period. The majority of customers seeking financial hardship assistance continue to be located in NSW, followed by Victoria – the two states suffering the longest periods of COVID-19 lockdowns. More than half of all big bank hardship assistance applicants were located in NSW. There were 32,445 outstanding hardship approvals in that state, followed by 11,191 in Victoria. Mortgage repayment holidays are the most common type of deferral provided to customers, with almost 90 per cent related to home loans. “[However] over the past month, we have seen a substantial rise in business owners putting their hand up for assistance,” says Anna Bligh, chief executive of the ABA. “As lockdowns continue to be extended across cities and states, it is no surprise more strain is being put on people and businesses, but it is important to remember that banks are here to help,” Bligh says. “The sooner you talk to your bank, the sooner they can help you find a solution that is right for you,” she says. The ABA hardship figures come as the Reserve Bank of Australia released a report saying that small businesses have been disproportionately affected by the pandemic because they are more likely to be in industries that have been hard hit by restrictions on movement. Australian Bureau of Statistics figures shows that compared with August 2019, there was an extra 1.2 million employed people who worked reduced hours for economic and other reasons in August 2021, including 532,000 who worked no hours at all. While the level of hardship assistance provided by the banks has risen sharply over the past month, it is still significantly below the peak in assistance provided in 2020, when about one-in-ten residential mortgages and almost one-in- six business loans were deferred. Last month, Financial Counselling Australia – the peak body for financial counsellors – released figures showing the number of people seeking advice from its help lines has soared during the latest lockdowns. Thousands of NSW and Victorian residents have also sought assistance from the National Debt Helpline and Small Business Debt Helpline as they struggle to make ends meet. The federal government has handed out $3.6 billion in assistance to more than 1.6 million people across the east coast to help them get through the lockdowns, on top of assistance provided by state governments.
Generalizing that small businesses hardest hit by covid restrictions are mostly owned by non Anglo while less affected corporate work is held by Anglo, you're going to see even starker social disparities between Aussies of different background.
Young couple flip townhouse for $600,000 gain in less than a year Sarah Webb Sep 22, 2021 – 8.23am A pair ofproperty flippersresold a three-bedroom home in northern Sydney for $1.903 million at auction on Saturday, less than a year after buying it for $1.28 million. The young couple – who snatched the keys to 15A Bolta Place,Cromer, in October last year – spruced up a handful of features before reselling the tidy family abode less than 12 months later. The home was one of 354 properties across Sydney to sell under the hammer on Saturday. Nine virtual bidders furiously battled it out for the Cromer property before an owner-occupier laid out the final bid to kill the competition. “It was a huge result … and now these guys [the vendors] are planning to do another project for themselves with a bigger block because they just wanted to take advantage of the market,” co-selling agent Gavin Daly of McGrath Manly said. “In fact, that was their plan [when they bought it in October]. “I don’t know if they realised it would go off so quickly in a short amount of time, but this was their first [property flip], so it’s a great start.
These guys need to go into the Hall of Fame as heroes, absolutely amazing. Keep it up guys, hoping the government are helping you with this ponzi system made in heaven.
You can make that same 50% return in the market trading. Real estate is much less liquid, and a pain in the butt to oversee and manage.
Feel-good story of the summer! (Sorry Mickey, it is your winter. I keep forgetting you are reversed from the rest of the world. You and those New Zealanders, heh.)