THE MONEY MYTH

Controversy has raged around the five million dollars in salary and bonuses paid to the Chief Executive of Australia Post and the ridiculous manner in which those who were responsible tried to hide their stupidity.

Clearly, there is something wrong when the CEO of a Government Corporation is paid nine times that which is paid to his boss, the Prime Minister. Eye brows also rise when that CEO buys a home for around twenty million dollars and then spends five million renovating it. The underpaid postmen out on the beat in hot weather were somewhat less than impressed.

But, it did give the leaders like Wayne Swan an excellent platform to relaunch their much needed drive to have inequality taken seriously by politicians, voters and economists.

The Board of Directors of Australia Post is clearly to blame, absolutely out of their depth. Their Chairman is a politician with no business experience who was given a ‘job for the boys’ when his political career abruptly ended. Quite obviously, that type of political appointment must cease as it is of absolutely no value to Australia. Continue reading “THE MONEY MYTH”

DEATH OF THE ESTABLISHMENT

In recent weeks, I have watched with acute embarrassment the appalling spectacle of Bill Shorten scaring the hell out of us about a possible increase in the GST and Malcolm Turnbull doing likewise with Negative Gearing. They treated us all as idiots.

They could have shown some common sense by acknowledging that both issues have virtues, but that thought eluded them. After all, the GST does ensure that tax evaders do pay some tax and, if the elimination of negative gearing drives house prices down, this will help young Australians buy a house and Seniors buy a small affordable home.

Their dreadful performances finally made me realise that, in actual fact, the political establishment is now dead and the public have buried it under a huge pile of disrespect. Politicians will continue to play their games, but no one will seriously listen. They are now an irrelevance. Continue reading “DEATH OF THE ESTABLISHMENT”