Bill Shorten appears committed to destroying Australia’s middle and aspirational classes. His latest ill-conceived attack on discretionary trusts makes this abundantly clear.
Who is the one creating more wealth for toil:
- the person pouring the beer; or
- the person who took out a business loan to buy the pub; who paid for the pub’s fitout and facilites; who takes on the unending administrative and operational burdens imposed on the pub; the risk of the pub failing – and, who guarantees to the beer pourer (and all their fellow beer pourers) that they will enjoy the certainty of having an agreed amount of money deposited into their bank account at the same interval of time?
The City of Fremantle has decided to give ‘co-operative’ land development a try. It’s not going to end pretty.
Even if you don’t live in Fremantle or Western Australia, you should still care about this – because if it’s not already happening in an area near you, it could well be soon enough.
For those who haven’t been following the dire situation in Venezuela, it serves as a timely reminder of what happens when extreme socialism takes over. This is the sad story of how Venezuela came to be and why it matters for Australia and every other developed nation in the world.
Full credit to the people of Portugal for not completely giving in to socialism and shameless populism. I say ‘not completely’ as they now have a cross-bench issue not unlike Australia’s:
When socialists are in power, it’s often only a matter of time before they run out of other people’s money.
It takes a lot to get Moody’s off their backsides and downgrade the credit rating of a ‘wealthy, well-diversified economy’, so full credit to Hollande’s administration for this achievement reported on Sky News: