Sorry for politics, I usually hate these comics but thought this one was good

  • absGeekNZ@lemmy.nzEnglish
    11·
    14 hours ago

    How many billions are the Australian people going to spend on submarines; that will likely be obsolete when delivered…if they get delivered al all?

    • pulsewidth@lemmy.world
      7·
      12 hours ago

      Biggest issue the Aus public has said they’re facing repeately in surveys is the cost of housing.

      Labor have stumped up $10 billion in the stupid Housing Australia Future Fund. I say ‘stupid’ because a) if you need housing, fucking build it, don’t write another cheque to the bankers and housing industry, and b) it’s a scheme to benefit the bankers. We invest $10 billion we borrow from the banks (at literally the peak of interest rates for the last few years), then we make 6%+ interest (magically). We pay off the loan interes (slowly), and everything left over goes to new home builders as a once-off incentive payment of $25k or so. OK. Well you can probably see several issues with that plan, but for me the biggest of all is that if the govt just spent the $10bil on purchasing land and building govt-owned apartments, people could live there free, and the land and buldings would go up in value quicker than cash sitting in an investment portfolio.

      Nobody (demographically speaking) gives a shit about submarines yet we have agreed to pay $368 billion AUD for 11 nuclear submarines eventually, maybe. Labor inherited this deal admittedly, but that hasn’t stopped the Libs from tearing up agreements they didn’t like.

      Shows you who really gets their demands met, and its not the people.