• 𝐘Ⓞz҉@lemmy.world
    link
    fedilink
    English
    arrow-up
    12
    ·
    edit-2
    1 year ago

    Asked my baby boomer dad to give one of his houses to me and he said he really worked hard to buy all the 8 properties. Hope this surplus will trickle down and i can afford to buy a property.

  • INHALE_VEGETABLES
    cake
    link
    fedilink
    English
    arrow-up
    4
    ·
    1 year ago

    Anyone else remember when the abc was left heavy?

    Anyway, this:

    “The fact that we’ve turned a $78 billion deficit that was forecast under the Liberal National Party government just over a year ago into a surplus that’s in excess of $4 billion is a positive thing.”

    • Sal
      link
      fedilink
      English
      arrow-up
      15
      ·
      1 year ago

      Ugh I absolutely hate how media have swallowed the lie that budget surpluses are anything other than pure misapplication of public funds.

      Like… why brag that they’ve taken all this tax from us and they’re not spending it when us citizens are going through hard times?

      • Taleya
        link
        fedilink
        English
        arrow-up
        12
        ·
        1 year ago

        legit, a nation that boasts a surplus when any of its citizens live in penury is a failed fuckin’ state.

      • beatle
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Taking extra money out of the system during high inflation periods is good.

        • Sal
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 year ago

          Reducing money supply has it’s arguments for and against.

          But this is useless hoarding. It’s not smart, it’s not good policy - it’s purely because Labor have let Liberal and Murdoch decide the agenda for decades instead of just explaining in a soundbite-friendly way that government budgets are not household budgets

          • Eyekaytee
            cake
            link
            fedilink
            English
            arrow-up
            3
            ·
            1 year ago

            How is it not good policy right now in a time of high inflation? 5 minutes ago the media was bitching that government spending will increase inflation, are you sure “Labor have let Liberal and Murdoch decide the agenda” because it sounds like you’ve somehow turned into a Murdoch reader?

            “Labor might be licking its lips with a budget surplus, but Australian households are on their knees in pain,” Shadow Climate Change and Energy Minister Ted O’Brien said.

            and inflation is the primary reason reason for the cost of living crisis? The recent massive energy price rise was largely due to inflation.

            “Where there’s a surplus, it’s because the government is receiving more tax dollars, they are taxing companies, they are taxing the Australian people.”

            and you want to do tax cuts while there’s high inflation!? Why is the Shadow Climate Change and Energy Minister Ted O’Brien talking economics???

            • JayPenshar
              link
              fedilink
              English
              arrow-up
              1
              ·
              1 year ago

              Money sitting there is currently losing its value faster than usual due to the high inflation. It would be better used to provide resources to the community now as it will buy less resources in the future