pigways

One Nation's 5% interest mortgage plan from a People's Bank won't cost hundreds of billions. This is how the media twists the story and lies about One Nation policies. Malcolm Roberts explained the proposal in full. It involves taking the $11.5 billion assigned to Labor's useless Housing Australia Future Fund (HAFF) and issuing government-backed mortgages instead. That money has already been spent in the budget, it was just a reallocation. The Australian Financial Review (AFR's) claim this would cost hundreds of billions is made up. It's capped at the $11.5 billion that's already been taken out of the budget - that's all that One Nation would have re-allocated.

Pete the corruption has to stop mate. It’s too much. Honest people are going out of business all over Oz and the criminals are thriving. You know I was an Albo man but that election deception blew my mind and then I had a good look. We gotta change the way we govern. It’s way way too big and it’s why we are in the hole we are. The whole reason.

A mate of mine makes mega bucks working for a US company in Australia. He moved back here to be closer to his family a few years ago - and while he can make it work flying overseas most weeks, it’s very far from ideal. His plan is to retire early - his job is high pressure, high risk, high reward, and he invests most of what he earns so he doesn’t have to work for more than another decade or so. He’s always been furious at the tax he pays here - which is more than most people’s gross income - but as living costs keep increasing and his local investment opportunities keep dwindling, he’s reached the end of his tether. He’s now likely to move to Singapore and fly back fortnightly to see his family here - maybe just for a while, maybe longer as it’ll just be too hard to justify coming back to Australia. At the end of his career, he’ll sell the many millions in equity he holds in the company he works for - but of course he won’t be a tax resident in Australia when he does that. He’s aware of the ins and outs of the rules - including how he has to navigate changes in tax residency - and while he’ll still have to pay a lot in Australia, he’ll still save even more by moving. Australia didn’t create his job. An Australian company doesn’t pay his salary. He spends most of his time working overseas. Him being a tax resident in Australia is all upside for Australia. But it’s just so demoralising for him to work that hard, be further from where he needs to be to make work easier and get taxed more each year on the bonuses he works his ass off to earn. So now Australia is likely to lose one of its highest taxpayers because the burden of being high performer is just too great in this country.