Now this may sound a little silly*, but if you think like Malcolm Turnbull and act like Malcolm Turnbull, then there’s a very good chance that you’ll end up like Malcolm Turnbull – and have a bad time.
This time last year, Quadrant lost the last of its government funding. Rather than giving them a handout, I advocated subscribing on the basis that it represented good value for money. I also put my money where my mouth was and subscribed. Many others would have done the same and the folks at Quadrant probably saw a nice spike in subscriptions.
Now that the year is up, many are reflecting on what they got for their money. Doublethink wasn’t supposed to be part of the subscription.
South Australians and Queenslanders recently learnt this the hard way, while Victorians learnt the hard-left way. Now, Western Australians look like they’re about to follow the lemmings off the cliff.
Bookies currently have Labor at $1.17, with the Liberals at $4.50. And make no mistake, this election won’t be another Brexit or Trump. Those were new movements challenging an establishment, while this election is simply a case of voters letting the other monkey have a go regardless of the cost. Indeed, you’d have to go back to 1959 when West Australians last let a State government last more than 10 years in power.
I recently agreed to attend a local networking event.
Part of the promotional material included a quote from Robert Kiyosaki – the author of Rich Dad, Poor Dad and notable rich guy among other things.
As I read the quote, I thought to myself ‘hang on a second, isn’t that the guy that supposedly went bankrupt? Why would a networking group want to quote him?’.
Almost immediately, I realised that what had crossed my mind was based almost entirely on mainstream news headlines which I had vaguely remembered. Indeed, when typing ‘Kiyosaki broke’ or ‘Kiyosaki bankrupt’ into Google, the following results came up:
In principle, a reform allowing voters above-the-line preference choices for the Senate makes complete sense. However, the current public debate is missing a much bigger problem.
It’s an absolute pleasure to have the current political conversation flatulating around the edges of the government’s revenue sources – and the get-rich-quick schemes that could be used to extract more money out of us. Meanwhile, $40 billion annual deficits are still being cranked out (see also above graph) and our $400 billion debt will be added to for years to come.
Malcolm Turnbull’s justification for replacing Tony Abbott was that he could provide better economic leadership. Six months on, how much longer should we have to wait for the evidence?
I don’t come here often
I usually refrain from critiquing things that Bill Shorten says or does – because it involves either something completely unintelligible or a hackneyed sound bite designed to crudely grab at the lowest denominator. I would have to open up a separate blog just to deal with it all. It would also be a waste of our collective intelligence to devote too much real thinking time to Bill’s tripe.
As part of Turnbull’s $1.1 billion ‘everyone put your thinking hats on’ plan, the bankruptcy period will be reduced from three years to one year.
The bankruptcy system is already a government created fantasy which allows people to recklessly stink at business (or swindle other people’s money), hide the loot, take a bankruptcy breather for three years while the ‘official’ assets are handed out at cents in the dollar – and then get straight back on the horse again like nothing ever happened (or simply retire to Mallorca, take your pick).
The moment Turnbull took over as Prime Minister, I wrote that his biggest challenge was getting the budget back in order, particularly in respect of the serious spending problem that we have.