Gary's Economics: Why Australia's Wealth Is Being Pissed Away & The Far-Right Billionaire Scam + Corporate Media Host Karl Stefanovic Accidentally Did His Job
Gary's Economics: Why Australia's Wealth Is Being Pissed Away & The Far-Right Billionaire Scam
THE GIST: Gary's blunt warning: we’re sitting on a goldmine and letting it get pissed away. The "fair go" is dead. While the older generation rode the property wave, young Aussies are getting squeezed by a system rigged for the rich - and both major parties are sleepwalking.
WE DISCUSS: Housing, Murdoch dividing generations and the tax rort: wage earners get slugged while property investors claim negative gearing and CGT discounts.
CALL TO ACTION: We can't just sit here and watch the place get sold off. Punters need to stay switched on, stay calm, and start demanding answers. Get educated, get vocal (keep contacting your local member about issues), and back Politicians who care about the issues you do.
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Wait, WHAT?! Corporate Media Host Karl Stefanovic Accidentally Did His Job
THE SCAM: We pocket more from beer tax ($2.7bn) than offshore gas royalties ($1.5bn). Under the PRRT, we're giving away 56% of our gas for free while foreign cartels like Chevron and Shell pocket the profits.
THE DAMAGE: We're missing out on billions for hospitals and schools. Norway taxes resources at 78% and has a $3 trillion sovereign fund. We get nothing.
THE COVER-UP/OUTCOME: Albo claimed it "just isn't right" to compare the figures, then attacked Pocock for "grievance politics". Both major parties run the same distraction—pointing at each other or the beer tax—while pocketing millions in donations from the gas lobby. Ex-resources ministers literally walk out of parliament into jobs running it.
Punter Citations:
The Australia Institute: Gas exports - 56% given to corporations royalty-free
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