Prof Rowan

@circle As long as it doesn’t have freeze authority and users maintain full holder control. Otherwise it’s just another shitty IOU

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@DavidPocock What are their reasons? I would say 25% is very high for such high capex commodities. Usually 5-15% is a reasonable range in the long run. You should also promote to have the royalties put towards tax credits for all citizens (not tax payers, only citizens)

Labor, the Coalition and One Nation all just voted against an amendment I put up to call on the Government to get a fair deal on the sale and export of Australian gas by instituting a 25 per cent tax on LNG export revenue, which is estimated to generate $17 billion a year. They're running a protection racket for the gas industry rather than standing up for Aussies. *Senators Lambie, Payman and Thorpe were unable to attend the vote for personal reasons.

@Heccles94 Okay how about this as a starter: $50k tax free $50-$100k 5% $100-$250k 10% $250-$1m 15% $1m+ 20% Then once debt repaid further reduce the depredation on the people.

I think we should change the tax brackets. Up to 15k tax free Basic rate 20% up to 60k 60k - 80k - 30% 80k - 150k 40% 150k - 500k - 50% 500k - 2,000,000 55% Then 60% on the rest over 2,000,000 What do you think?

@purplepingers True that’s always an option - sadly Aus got bugger all oil so cost would just fall back on the people.

@ProfRowan_ You’re so right we should be nationalising the fuel companies instead 🤩 THEN we should put price controls in place

Crazy that even when the government intervened to massively increase supply here by releasing reserves, and the price of fuel plummeted a few days ago - prices at the servos are still skyrocketing. Instead of regulating prices or taxing these huge profits, Labor is like - what if we subsidise these profiteering companies EVEN MORE? That should do it hey

@purplepingers Hey sport - so regulating by effectively adding a price ceiling results in less supply than what the people need. Not sure why you would advocate for the people not to be able to get the fuel they want / need.

@ProfRowan_ Regulating prices = things cost less for people who use them - hope that helps champ

@RennickGBR Fix the money fix the world. Bitcoin is by far the closest thing we have to perfect money.

This is an insightful clip into the demise of world powers. One word - Debt. They say the pen is mightier than the sword but unsecured credit I.e. debt is even more powerful. It was no coincidence that World War One broke out the year after the newly created U.S. Federal Reserve was created in 1913. The world’s most powerful banks led by the Rothschilds had now got themselves a military, soon to become the most powerful in the world, to protect their newly acquired right to print money out of thin air with no obligation to back the money with an underlying asset. (Initially the government did back it with gold, but the gold standard was dropped in 1971) Rothschilds proxy in the U.S., JP Morgan, lent money to both Britain and France early in the war, when they started losing JP Morgan lobbied US politicians to get the US, who at the time were isolationists, into the war so that JP Morgan could recoup their money. The Lusitania was sunk to get the American people to agree to going to war. The Treaty of Versailles made Germany incur strict reparations that bankrupted them and led to the Second World War. The Second World War saw Britain, despite helping win the war incur enormous reparations. The upside of these world wars is that the wealth of the old world was transferred to the new world backed by the U.S. which now had the most powerful military to defend the private banks printing press. (Note France had lost its significant wealth after Napoleon’s defeat at Waterloo hence why Germany and Britain were milked.) The 21st century has seen a repeat of the 20th century in that the world’s superpower, the U.S. has been slowly drained of its wealth by deep state bankers who are using the U.S. military to defend the banks right to charge interest on printed money. We’ve seen it in Iraq, Libya and Syria where the U.S. has had to stop their leaders from not using the U.S. dollar in exchange for oil. We’ve seen it in Ukraine where the former democratically elected Ukraine President was stopped from allowing Ukraines gas pipelines to be used to transport gas from Russia to Germany. And of course we saw it in 1953 where Britain and the U.S. stopped Iran from controlling its own oil. All of these wars are facilitated by the intelligence agencies who are the most dangerous bureaucrats of all. It’s no coincidence the first head of the CIA was a corporate lawyer/banker Allen Dulles. That’s why this war with Iran is so dangerous- it risks bankrupting the U.S. and making the Chinese yen the world’s reserve currency and will ultimately enslave Western countries to a new world order.

@KatrinaHiker @RennickGBR That being said I despise the entire banking system. The fact that they can legally counterfeit money and expand the supply by stealing from hard working people that hold AUD to generate profits is a scam on the people. And on top the people have to insure all their risk taking

@KatrinaHiker @RennickGBR Cost cutting doesn’t last long as eventually all the banks find the most efficient operation and compete away the extra margin. Just look through history, when everything went from paper to digital bank profits didn’t rocket. All the savings eventually passed on to consumers.

“National Australia Bank has cut hundreds of jobs in Australia as it ramps up hiring in India and Vietnam. In the latest restructure, 447 roles will be eliminated from its business division in Australia, while 237 new positions will be created in the two Asian countries. In a statement to Daily Mail, NAB confirmed that the jobs were being cut, saying it was needed to build a 'modern workforce'.  'As NAB has said for some time, building a modern workforce that best supports our customers is an important part of our strategy. Our workforce has been evolving to ensure we can help customers more consistently at the times they need us, and to help us access great talent in key markets. We continue to hire and develop people in Australia - especially in customer facing roles - to strengthen our capability.” ••••••••••••••••• The offshoring of jobs offshore by Australian companies has to stop. It’s completely criminal that both major parties have done nothing to crack down on this. While gas companies soak up all media attention re profit shifting, it is just a drop in the bucket compared to the total amount of profit (and job) shifting that goes on. I’ve attached the reply from the ATO to a Question on Notice regarding I put them in which they state there is no tax withheld from wages paid offshore. This rort has to stop. People First is the only political party that actually takes this problem seriously and has a solution to fix it. We will lift withholding taxes on profits offshore. Artificial intelligence is going to eliminate enough jobs as it is. The government doesn’t need to eliminate any more. If you want to back a party that puts substance over spin please consider signing up today at Peoplefirstparty.au

@DrewPavlou ‘Forced’ the same way they were ‘forced’ into bs lockdowns a few yrs ago. There is never a need for forced lockdowns. Prices will adjust naturally so the most important uses will receive the supply, never a need for governments dictating demand.

Australia is on track to run out of diesel, petrol and jet fuel in 30 days. If things don't change soon the Australian government will be forced to implement a national emergency lockdown within weeks. Both major parties are to blame for shutting 6 of our 8 domestic refineries and making us dependent on oil imports for 90% of our domestic needs. My solutions for Australia. Politically we must restart domestic oil production, open up shale production, rebuild refineries, build 50 nuclear power plants like France's Messmer Plan. Build nuclear weapons. Culturally we must wake up from our post-Cold War slumber and re-enter history as a sovereign actor.

@RennickGBR I did say ‘eventually’. In the short term yes passed on to the shareholders (80-60% Aus owned for banking). Overtime gets passed on to the customer due to competition. If the issue is net leakage would be worthwhile also pushing for tax exemption on foreign income for individuals

Actually most of the savings are passed onto the shareholders, of which over 40% is foreign. Furthermore you ignore leakage - while you might save $20,000 per employee another $40,000 is transferred offshore so the net result is a loss of capital in Australia. Over time this weakens our sovereignty more and more.

@lufthansa @0xRacist Remember who you are, all is not lost just yet 🦅

@0xRacist Please be advised that this is not a message sent by Lufthansa - it is fake!

I always have my vpn set to israel when I book flights and hotels Lufthansa just gave me a free business class upgrade because they're sorry about the holocaust

@DrewPavlou Imagine the avg person having to work 34 years to afford a place like this after tax.

This house just sold for 1.7 million dollars in Brisbane. If you bought the house with a 20% deposit, the monthly mortgage would be $8000.

@purplepingers Striking because they want to be a bigger drain on society by demanding more funds from hard working people?

ABC workers are on strike!

@PaulineHansonOz Treason against the tax payer

Labor, Greens and Tammy Tyrrell just voted down our inquiry into NDIS fraud. They're happy for your money to be rorted.

@JacintaAllanMP Servos don’t even make $ from fuel. All their profit comes from the convenience store margins.

Our anti-fuel price gouging laws are in force - and it means families can save up to $333 every year. Servos that don't comply with capping and publishing prices on Servo Saver can face fines of more than $24,000 for every breach. Because the last thing families need is to be ripped off at the pump.

@RennickGBR Just goes to show who’s really in charge….

If there’s any adults left in the room, now is the time to stand up and urge world leaders to bring this war to an end. It is unbelievable that there seems to be no calls for restraint. Trump threatening to blow up Irans energy and Iran threatening to blow up the Gulfs water supplies is utter recklessness with no regard for human life. The politicians calling for more escalation should be ashamed of themselves for enabling human suffering. The war isn’t just going to unleash an energy crises, it will lead to a refugee crisis and a credit crunch as people and businesses who can’t work will default on their loans. The slaughter of innocent people has to stop and the prosperity that has taken so long to build has to be preserved. ••••••••••••••••••••••••••• “Donald Trump has threatened to "obliterate" Iranian power plants if the country does not lift its blockade of the Strait of Hormuz. In turn, Iran warned early on Sunday (Sunday evening AEDT) that any strike on its energy facilities would prompt attacks on US and Israeli energy and infrastructure assets — specifically information technology and desalination facilities — in the region.” V “Australia could see its food production “halved” within months in a nightmare scenario, with farmers warning they’re already unable to purchase enough fertiliser and diesel to plant their winter crops. The United States and Israel’s war with Iran has halted vital oil supply through the Strait of Hormuz, sending prices skyrocketing for refined fuels, but also interrupting crucial shipments of urea from the Middle East.”

@RonShamgar @bigballscapital More like buying a good company at a decent valuation.

@bigballscapital It’s the classic catching a falling knife Eventually will bottom and bounce

Avoid small caps - buy blue chips !

@Scutty Never heard a kitchen called a lane before lol

Sarah should stay in her lane.