The Parasites of Western Economy, Part 7b: Providers of invented inefficient Green projects.

The Parasites of Western Economy, Part 7b: Providers of invented inefficient Green projects.

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No. 1xx).

In third world and Asian countries there are parasites feeding on corruption which is blatant and widespread. In the Western World, there is no blatant corruption, but only elaborately wrapped non-corruption (or otherwise!).

Any government in the world obtains its money from taxes imposed on its citizens. The citizens have the herd mentality and are often unconcerned that their money may be in the wrong hands. This sets the scene for parasites to come in and suck the communal treasure. Here we will use examples drawn on Australian experience but the same thing can be said for most English speaking white nations.

#parasite, #government, #useless service, #inefficient,

Green Power generators that do not work:

Wind turbines only work efficiently in windy area. The city of Melbourne has commisioned a feel good design for one of its council buildings in a non-windy area in the city (https://designinc.com.au/projects/vic/ch2-melbourne-city-council-house-2).

This is just another typical waste of tax money authorized by an Australian empire-building tyranical local government with no control, no accountability.

References:

[1]. https://designinc.com.au/projects/vic/ch2-melbourne-city-council-house-2

“A pilot project for the City of Melbourne’s Zero Net Emissions by 2020 Strategy, Council House 2 was the first commercial project awarded a 6-star Green Star rating by the Green Building Council of Australia.”

[2]. https://greenbuildingbrain.org/buildings/council_house_2_ch2

… Architect: Mick Pearce with Design Inc, Contractor: Hansen Yuncken…

Council House 2 (also known as CH2), is an office building located on Little Collins Street in the CBD, in Melbourne, Australia. It is occupied by the City of Melbourne council, … to achieve a maximum Six Green Star rating, certified by the Green Building Council of Australia. CH2 officially opened in August, 2006.

[3]. The Parasites of Western Economy, Part 7: Providers of invented useless service from tax money.

[4]. The-parasites-of-western-economy-part-10: Greedy-politicians-overpaid-with-our-tax-money

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The Parasites of Western Economy, Part 10: Greedy politicians overpaid with our tax money.

The Parasites of Western Economy, Part 10: Greedy politicians overpaid with our tax money.

by tonytran2015 (Melbourne, Australia).

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(Blog No. 162).

A nation is built up by people with the same purpose, espousing same values in life. They stake a territory, protect its border, set up rules to operate the nation to their desired aims. It has happened many times in the past, some strong group of people may organize themselves to capture the ruling positions of the nation through violence or through terrorizing the population.

To avoid recurrence of violence and terror accompanying each regime change, most Western, truely democratic, nations now have decided to have their sets of rules above any rulers and call those rules the Constitution of the Nation.

The rulers of each nation are required to uphold its Constitution to every of its letters. The Constitution also specifies who are the citizens of the nation and how the rulers are elected by the citizens of the nation. Only such elected rulers are called constitutionally legitimate representatives and only them can form and operate the government.

#parasite, #government, #politician, #entitlement, #pension, #abuse, #elected office, #tax money,

The Parasites of Western Economy, Part 10: Greedy politicians overpaid with our tax money.

1. Protectors of Constitutions turning into abusers.

Few countries anticipated that it is their own elected representatives that would become corrupt and manipulate the system to entrench themselves with privileges and benefits not envisaged by the authors of their Constitutions.

Power tends to corrupt and absolute power corrupts absolutely.
Lord Acton

Power corrupts, absolute power corrupts absolutely, and I found that out when I was Attorney General in Massachusetts.
Edward Brooke

It is said that power corrupts, but actually it’s more true that power attracts the corruptible. The sane are usually attracted by other things than power.
David Brin

2. Representatives of each nation abuse the trust of their electors and exploit every loopholes in their respective national constitution to entrench their own priviledge.

Most national constitutions do not specify the setting for entitlements of elected representatives or the methods to prevent them getting rich at the expense their nations.

So the representatives increase their own salaries, eligibility, trade favours to their future donors/employers and can even set up their (Clintons styled) Foundations to pressure constituents and those to be affected by their decisions to donate to their foundations !

3. Shameless calls for acceptance of dual citizenship for parliamentarians.

Some Politicians even make shameless proposal for acceptance of Dual Citizenship for Parliament Representative. The advocates may have thought that citizens were fools [1-9].

Australia bans it, Israel bans it, Russia bans it, these economically small countries are doing well. On the other hand, after the failure by Nixon’s administration in US courts to ban dual citizenship in USA [10., 14], that once great country is now heading for trouble. Dannish people are not impressed with USA [15].

4. Travel for serving politicians.

Politicians really enjoy having their travel paid by tax payers Some have his dogs driven around by government cars [15, 16]. Some enjoys helicopter rides [17-22]. Any Australian senator is allowed to net $1040 a week from the excess allowance, supplementing his/her base salary of $199,040, The Daily Telegraph reported [21b].

5. Hush money for sexual misconducts by politicians.

Politicians can even have funds for hush money [23-26]!

6. Lifetime travel for retired Australian politicians axed by Prime Minister Turnbull.

Current Australian Prime Minister Malcome Turnbull is now much hated by Australian politicians for axing their Lifetime Gold Pass for travel. Turnbull is thus a PM who wants to lead by examples. Australians should salute him [27-29].

7. Politicians with questionable campaign money.

Australian MP Dastyari does not think that his campaign fund is contributed by a foreigner [30-32]! Victorian (Australia) State Premier D. Andrew does not think that there is a problem of MP on his side campaigned with tax money [33-35]!

8. Former Prime Ministers using “Former PM” priviledge while working for foreign governments/companies.

There is nothing wrong with a former PM of a country who subsequently wants to work for another country but he should relinquish all priviledge granted to a former PM to save the dignity of the first country. It looks terrible for the first country if its former PM lined up and queue for favor from any other country [36-46].

9. Huge pensions for politicians

UK politicians extort huge pensions on tax payers [47]. Australian politicians require ordinary male working people to work until they get 70 years old before they get entitled to their pension payments. On the other hand, Australian politicians only need to serve 2 elected terms to be entitled for their life pension after turning 55 after finishing the second elected term [48].

10. The ultimate safeguard for American system.

American system has placed an ultimate safeguard against abuse by rulers in its Second Amendment to its Constitution. It is to be used as a guarantee for the ultimate revolt against oppressive government:

“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. “

This is to prevent the ruling government plus congress of the day from walking into the lounge rooms of Americans and impose a tea tax. However, even this 2nd Amendment is now under constant attack by the elected democratic representatives in their quest for absolute powers and own entrenchment.

11. Conclusions.

Every citizen has to be vigilant and be active in politics. Only by doing so he can avoid being a tax donkey provider for those unhelpful politicians who turn tax money into honey pots for their greedy ones.

It is also now a question whether people with no net contribution to the economy should be allowed to stand for elected office?

References:

DUAL CITIZENSHIP BAN

[1]. https://www.sbs.com.au/news/coalition-rejects-call-for-referendum-to-repeal-dual-citizenship-ban

[2]. https://www.afr.com/news/politics/national/call-for-referendum-over-dual-citizenship-mess-after-high-court-rulings-20180509-h0zuo2

[3]. http://mobile.abc.net.au/news/2017-07-28/section-44-of-constitution-switched-to-evil-writes-annabel-crabb/8754776

[4]. http://mobile.abc.net.au/news/2017-10-27/high-court-citizenship-ruling-health-check-for-our-democracy/9094214

[5]. https://www.timesofisrael.com/five-new-knesset-members-renounce-foreign-citizenship/
(“While Israelis may hold dual citizenship, a Basic Law passed in 1958 states that Knesset members cannot pledge allegiance as parliamentarians unless their foreign citizenship has been revoked under the laws of that country.”)

[6]. https://www.counterpunch.org/2015/01/23/dual-citizens-in-congress-2/

[7]. https://richardedmondson.net/2017/12/08/do-you-hold-dual-citizenship-you-can-serve-in-congress-but-not-the-israeli-knesset/

[8]. https://www.breitbart.com/london/2018/08/14/100000-turkish-immigrants-could-be-stripped-of-austrian-dual-citizenship/

[9]. http://www.thecitizen.co.tz/News/MP-pushes-for-dual-citizenship-to-draw-more-investments/1840340-3950840-nsr3o0z/index.html

[10]. https://en.wikipedia.org/wiki/Afroyim_v._Rusk

[11]. https://en.wikipedia.org/wiki/Schneider_v._Rusk

[12]. https://caselaw.findlaw.com/us-supreme-court/369/367.html

[13]. https://en.wikipedia.org/wiki/Kawakita_v._United_States

[14]. https://travel.state.gov/content/travel/en/legal/travel-legal-considerations/Advice-about-Possible-Loss-of-US-Nationality-Dual-Nationality/Dual-Nationality.html

[15]. https://vikinglifeblog.wordpress.com/2018/08/19/fox-news-took-a-shot-at-denmark-denmark-fired-back/

Chauffeured car for dogs
[15]. http://mobile.abc.net.au/news/2016-10-27/minister-apologises-for-using-taxpayer-money-to-chauffeur-dogs/7969838?pfmredir=sm

[16]. https://au.news.yahoo.com/victorian-minister-uses-chauffeur-driven-car-to-transport-dogs-33018097.html

HELICOPTER TRIPS AUSTRALIAN VERSUS AMERICAN
[17]. http://mobile.abc.net.au/news/2015-07-15/bronwyn-bishop-spends-5000-dollars-80km-charter-flight/6622134?pfmredir=sm

[18]. https://www.theguardian.com/australia-news/2015/jul/16/bronwyn-bishop-agrees-to-pay-back-cost-of-5000-helicopter-trip

[18b]. http://www.dailymail.co.uk/news/article-3179300/I-want-apologise-Australian-people-error-judgment-say-sorry-feel-ve-let-Bronwyn-Bishop.html

[19]. https://www.buzzfeed.com/joshtaylor/this-politician-charged-taxpayers-to-fly-family-to-her-50th

[20]. https://www.news.com.au/national/politics/the-10-most-outrageous-things-pollies-have-spent-our-money-on/news-story/254c2cb0858b56fb89ed65f547bee3f0

Eight new lights have been set up in the inner-north suburb of Braddon featuring both male and female same-sex couples. The lights function like any standard pedestrian crossing signal.

…. The installation costs amounted to $5,500 with a considerable proportion involving setup costs.

[20b]. https://mobile.abc.net.au/news/2018-11-26/same-sex-street-lights-signal-intersectional-push-for-diversity/10554126

Statistics on the percentage of the population that are homosexual and lesbian
…. “Number of homosexuals in Australia Nationwide statistics–1.2% of adults identify as homosexual or lesbian. * 1.6% of adult men identified as homosexual and 0.8% of women as lesbian. * 1.4% of women and 0.9% of men said they were bisexual. Source: The 2003 ‘Sex in Australia’ survey of 20,000 people, with a special weighting to Sydney’s homosexual centre. Conducted by the Australian Research Centre in Sex, Health & Society(ARCSHS) at La Trobe University. Published in Australian & NZ Journal of Public Health, Vol 27 No 2 2003 ISSN 1326 0200.” (saltshakers.org.au/issues/homosexuality/199-statistics-homosexuality)…

[20c].https://carm.org/percent-population-homosexual

[21]. http://mobile.abc.net.au/news/2018-05-21/nt-government-scraps-taxpayer-travel-reporting-requirements/9782014?pfmredir=sm

[21b]. http://www.dailymail.co.uk/news/article-5474865/Greens-senator-Lee-Rhiannon-benefits-travel-entitlements.html

[22]. https://www.nj.com/politics/index.ssf/2018/05/unlike_christie_murphy_isnt_slapping_you_with_big.html

SEX WITH OFFICE SUBORDINATES SILENCED BY PUBLIC MONEY

[23]. https://nypost.com/2017/11/21/shut-down-the-politicians-sex-scandal-hush-funds/

[24]. https://www.nbcnews.com/news/us-news/dennis-hastert-wants-sex-abuse-accuser-return-hush-money-n709116

[25]. https://www.washingtonpost.com/politics/how-congress-plays-by-different-rules-on-sexual-harassment-and-misconduct/2017/10/26/2b9a8412-b80c-11e7-9e58-e6288544af98_story.html?utm_term=.f6de0d8ece85

[25b]. https://alethonews.wordpress.com/2017/12/24/protecting-the-sex-abusers-u-s-congress-in-search-of-an-unspoken-bordello/

[26]. http://www.dailymail.co.uk/news/article-3102662/It-sex-Law-enforcement-sources-say-Dennis-Hastert-hush-money-scandal-sexual-misconduct-male-student-years-high-school-wrestling-coach.html

[27]. https://www.legislation.gov.au/Details/C2004B01478

[28]. https://www.ausbt.com.au/government-axes-lifetime-free-flights-for-former-politicians

[29]. https://www.news.com.au/finance/money/foreign-minister-bob-carrs-wife-helena-has-cost-taxpayers-120000-in-six-months-on-overseas-trips/news-story/b4da807688f39a95eedd14928af6754d

[30]. https://www.theguardian.com/australia-news/2017/jun/05/sam-dastyari-contradicted-south-china-sea-policy-a-day-after-chinese-donors-alleged-threat

[31]. https://www.nytimes.com/2017/12/12/world/australia/sam-dastyari-resigns-china.html

[32]. https://www.news.com.au/finance/business/political-donations-highlight-growing-concerns-over-chinese-influence-in-australia/news-story/4dd02ea4f22f7a42a187cd930d5275a5

And money from tax payers

[33]. https://www.canberratimes.com.au/national/victoria/red-shirts-andrews-digs-in-20180720-p4zsnz.html

[34]. https://www.3aw.com.au/police-consider-formal-investigation-into-labors-red-shirts-scheme/

[35]. http://mobile.abc.net.au/news/2018-07-20/daniel-andrews-should-face-questions-over-misuse-of-funds/10016510?pfmredir=sm

[36]. https://www.smh.com.au/politics/federal/foreign-interference-laws-chinese-russian-state-media-will-have-to-declare-as-foreign-agents-20171206-gzzyol.html

[37]. https://www.crikey.com.au/2005/11/09/paul-keating-sets-the-record-straight-on-his-piggery-play/

[38]. https://www.heraldsun.com.au/news/foreign-minister-kevin-rudds-1-million-power-trip/news-story/53f83e53ef72935ca6e9b120f4e30218

[39]. https://www.smh.com.au/world/china-criticism-grows-over-australian-foreign-interference-stance-20171211-h02in1.html

[40]. http://mobile.abc.net.au/news/2018-05-05/why-is-rudd-using-weibo-to-slam-turnbulls-china-policies/9726756?pfmredir=sm

[41]. http://www.dailymail.co.uk/news/article-5136643/Kevin-Rudd-calls-Malcolm-Turnbull-step-down.html

[42]. https://www.afr.com/news/politics/world/diplomats-frozen-out-kevin-rudds-curious-meeting-with-donor-chau-chak-wing-20180524-h10ho8

[43]. https://www.smh.com.au/politics/federal/kevin-rudd-quietly-met-chau-chak-wing-in-china-20180524-p4zh99.html

[44]. https://www.smh.com.au/politics/federal/labor-has-a-cancer-growing-in-it-that-must-be-cut-out-20180218-p4z0q4.html

[44b]. https://alethonews.com/2018/07/16/washington-dc-charged-as-foreign-agent/

[45]. https://clivehamilton.com/?p=1007

[46]. http://newsroom.uts.edu.au/news/2014/04/bob-carr-lead-new-uts-australia-china-institute

[47]. https://hat4uk.wordpress.com/2018/08/11/the-saturday-essay-forget-parties-the-uk-government-classes-represent-an-obese-pig-on-the-back-of-every-citizen/

]48]. https://www.smh.com.au/national/full-list-of-federal-mps-entitlements-20090521-bh0v.html

Many US Presidents get rich after being in office

[49]. https://exposingmodernmugwumps.com/2018/10/08/you-cant-get-rich-in-politics-unless-youre-a-crook/

government does not exist to serve them (the people); it exists to enslave them

[50]. https://straightlinelogic.com/2018/10/08/the-people-give-the-orders-and-the-government-obeys-by-jeff-thomas/

Do you think that when I or any other senator makes a political speech, has it printed, should charge the printing of that speech and the mailing of that speech to the taxpayers? Do you think, for example, when I or any other Senator makes a trip to his home State to make a purely political speech that the cost of that trip should be charged to the taxpayers? Do you think when a Senator makes political broadcasts or political television broadcasts, radio or television, that the expense of those broadcasts should be charged to the taxpayers? Well I know what your answer is. It’s the same answer that audiences give me whenever I discuss this particular problem: The answer is no. The taxpayers shouldn’t be required to finance items which are not official business but which are primarily political business.[51]

[51]. https://en.m.wikiquote.org/wiki/Richard_Nixon

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The Parasites of Western Economy, Part 7: Providers of invented inefficient service from tax money.

The Parasites of Western Economy, Part 7: Providers of invented inefficient service from tax money.

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No. 132).

In third world and Asian countries there are parasites feeding on corruption which is blatant and widespread.

For examples, if you enter Cambodia from Vietnam at the border check point of Moc Bai – Bravet, you always get asked for $5USD tip to the uniformed Cambodian Lieutenant Visa Issuer. The Western World call such demands corruption.

In the Western World, there is no blatant corruption, but only elaborately wrapped non-corruption (or otherwise!).

Any government in the world obtains its money from taxes imposed on its citizens. The citizens have the herd mentality and are often unconcerned that their money may be in the wrong hands. This sets the scene for parasites to come in and suck the communal treasure. Here we will use examples drawn on Australian experience but the same thing can be said for most English speaking white nations.

#parasite, #government, #useless service, #inefficient, #welfare recipient, #elected office

The Parasites of Western Economy, Part 7: Providers of invented useless service from tax money.

1. Easily seen parasitic feeding at local government level:

The local governments are tasked with three basic R’s:

a. Collecting the least possible amounts of rates from residents.

b. to manage weekly collection of rubbish.

c. Maintain and operate local roads, footpath, parks, primary schools, local libraries.

It is simple like that but local governments still manage to bring in some parasitic feedings.

Examples:

Near to Footscray shopping mall (currently belonging to the Maribyrnong Council), Nicholson St (between Barkly Street and Byron Street), the pavements are CONSTANTLY dug up and remodeled since 1990.It must have been a gold mine for the contractors.

Traffic directions in Nicholson Street (between Irving Street and Paisley Street) had been switched from bi-directional to unidirectional in one way then unidirectional in the opposite way, yet, the designer never made up his mind. Trees are dug up and new tree replanted on the other side of the street, then again…

Trees around Footscray library (along Paisley Street and French Street) have been removed, replanted until they get to almost 3m tall, then removed (1995) then replanted with another type of trees. Continual replacement of trees around the library is now a feature of Footscray.

Library in Paisley Street, had been built with no regard for maintenance, its decorative skeleton is exposed to weather !

Library Group Study rooms are not for student groups to use but for connected people to blatantly abuse (October 2004), with those friends (?) of the Chief of Library overstaying their booking slots BY HOURS, spoiling the time tables of groups booking the following time slots.

The City of Maribyrnong in Melbourne allows private contractors to door knock residents and offer to replace any 2 of their filament light bulbs FOR FREE. The contractors are then paid by the Council about $100 AUD (nearly $70 USD) for that 10 minute work. It happened in Kent Street, West Footscray, Maribyrnong Council. 2012.

Council such as Brimbanks also tried to over-manage local stores by its (unsuccessful) attempt at requiring shops to have uniform shutter doors!

That is where Council Rate has been spent or misspent.

Currently Councils in Victoria spent 45% of rates on salaries! Their staff number increases and their Executive Officers receives higher salaries than State Premier.

THE cost of council workforces across Melbourne and Geelong have blown out by more than $500 million in the past five years. [1]

State Government of Victoria supervise all councils in Victoria and from time to time, the State government had to sack dysfunctional Councils [2,3,4,5]

2. Hidden parasitic feeding at local government level:

Local Councils now embarks on non-essential, non-beneficial work:

Advertisement for LGBT on referendum on LGBT rights.

Running City sisterhood with oversea cities.

Councilors going on oversea study trips. What is there to study while they still have not properly done their basic jobs efficiently? The cost for all local service is ways out of proportion to actual benefits.

Examples:

The ratepayers of Moreland will be astonished to learn that the council is considering spending their hard-earned dollars in support of Russian punk protest band Pussy Riot [6].

VICTORIAN councils are under fire for splashing ratepayers’ money on overseas “junkets” instead of focusing on local issues: La Trobe City council in Gippsland will spend $21,000 to send Mayor Darrell White and others to Japan and China in April. [7].

3. Easily seen parasitic feeding at a State government level.

A state government in Australia collect its revenues from distributed GST, Land Sale Tax and is tasked with building and operating intercity highways, ports, airports, lands . They have to supervise the Local Governments. But they also manage to waste States’ money.

Examples:

State of Victoria will set up a website for households to check their electricity pricing. Each visitor will get AUD 50 ($50) when visiting it! The following is a quote from the website [8]:

“To be eligible for a $50 Power Saving Bonus, use this tool between 1 July and 31 December 2018. There will only be one Power Saving Bonus per household.
Welcome to Victorian Energy Compare
An independent Victorian Government energy price comparison site. To get the most out of this tool, you need a recent energy bill or smart meter data file.” [8]

To study the way to set up a high speed rail link from Melbourne to Geelong may cost the State 50 million dollars in Consultant fees [9]. How much money will be left for actual work? Why don’t they use University think tanks instead of private consultants?

State of Victoria has sold out the management rights of its Melbourne Tullamarine Airport, to freely spend that money. Now private owners are now charging (the highest fees in the World?) for using the airport on car parking ($15 per 30 minutes), using baggage trolleys ($2 each use). While a return air ticket to Vietnam may cost only $280, taxi fares to airport average about $40, car-parking fees at airport cost $14/hour. It is very expensive [10].

In the short-stay car park, a 24-hour stay will set a traveler back $56, while people using credit cards to pay for their parking will be liable for a 2 per cent credit card surcharge. [11].

Currently State of Victoria is planning to give $500 million to a private organization AFL to build their stadium. AFL is currently a sport organization of Australia,

“Victoria will pour nearly $500 million into its AFL grounds, with almost half the cash going to a makeover of Etihad Stadium and millions for women’s football.

In a $225 million deal with the AFL, the grand final will stay at the MCG until at least 2057, while Etihad Stadium and its surrounding precinct will be upgraded [12].”

However, there is nothing to prevent AFL to dissolve itself in the future and distribute its capital among its members, in the same way as AMP, National Mutual, MLC, Colonial Mutual, NRMA have done in the 1990’s. The dissolution of non-profit organizations created huge cash from the sky for their then current members at the expense of expectation by former members and past concessions received from tax payers over decades [13,14].

4. Easily seen parasitic feeding at Federal government level.

The welfare system is an obvious place for cheats to dip into tax money. The government allow “chain migration” which places into the population more and more welfare net recipients. Some of them later on engaged in welfare cheats [15, 16, 17, 18, 19]. They set up their own self-serving industries like:

a- Interpreter (Translation) service for the whole lifetime of each immigrant.

b- Medical service where migrants used for certifying administrative papers! A visit to the doctor cost the government $70. The actual purpose of the visit is to ask the doctor to certify their papers. They are too lazy to go to a Police Office or a municipal council office for certification. Immigrant doctors are abnormally much richer than native white doctors in similar circumstances.

Non-migrant manipulators also manage to suck the system with child care centers [20].

Ceiling Insulation by Rudd’s government in 2009, and its Green Energy policy promoting costly Solar panels, depleting Australian treasury surplus also deserve investigation [21, 22, 23, 24].

5. Conclusions.

Every citizen has to be vigilant and report to the Government any cheating he can see. Only by doing so he can avoid being a tax donkey provider for those cheats. Citizenry must also actively participate in politics to prevent leftists from turning the tax money into honey pots for corrupt politicians [25, 26].

It is also now a question whether people with no net contribution to the economy should be allowed to hold elected office?

References:

[1]. Council spending: Staff wages blow out council spending costs …, Sunday Herald Sun. May 12, 2018 9:00pm, https://www.heraldsun.com.au/news/victoria/staff-costs-blow-out-by-500m-and-take-bigger-share-of-councils-spending/news-story/911e5c5c1c363fc569b48538deb79cc7

[2]. https://www.theage.com.au/national/victoria/dysfunctional-geelong-council-sacked-for-four-years-20160411-go3txf.html

[3]. Investigation into the alleged improper conduct of councillors at Brimbank City Council, https://www.ombudsman.vic.gov.au/Publications/Parliamentary-Reports/Investigation-into-the-alleged-improper-conduct-of

[4]. https://www.facebook.com/HowMaribyrnongCouncilTreatsItsCitizens/

[5]. https://www.theage.com.au/national/victoria/whats-wrong-with-our-local-councils-everything-20161019-gs5jcg.html

[6]. http://www.heraldsun.com.au/news/opinion/more-stupid-council-waste/news-story/620156e34af89e0299a6e8675cf35134

[7]. https://myaccount.news.com.au/sites/heraldsun/subscribe.html?sourceCode=HSWEB_WRE170_a&mode=premium&dest=http://www.heraldsun.com.au/news/victoria/melbourne-councils-under-fire-for-asia-junket-spending/news-story/bc7ec9b5b63991dc43f1cc09a0bcdd44&memtype=anonymous

[8]. https://compare.switchon.vic.gov.au/

[9]. http://www.railjournal.com/index.php/australia-nz/victoria-mulls-melbourne-geelong-high-speed-options.html

[10]. https://www.tripadvisor.com.au/ShowUserReviews-g580517-d1201214-r26631819-Mantra_Tullamarine_Hotel-Tullamarine_Greater_Melbourne_Victoria.html

[11]. http://www.traveller.com.au/airport-parking-fees-hit-new-heights-2pkxl

[12]. https://www.sbs.com.au/yourlanguage/korean/en/article/2018/04/13/victorias-500-million-afl-cash-injection

[13]. https://www.moneymanagement.com.au/news/financial-planning/has-demutualisation-experiment-paid-dividends

[14]. http://www.afr.com/opinion/columnists/the-curse-of-amp-20180419-h0z0nf

[15]. http://www.austrac.gov.au/media/media-releases/minister-human-services-media-release-crackdown-wealthy-welfare-cheats-nets-43

[16]. https://www.msn.com/en-au/video/lifestyle/welfare-cheats-with-secret-fortunes-targeted-in-latest-centrelink-crackdown/vp-BBKgNhg

[17]. http://www.dailymail.co.uk/news/article-5375601/Welfare-cheats-forced-pay-Centrelink-1-4-billion.html

[18]. https://www.crikey.com.au/2016/12/21/truth-about-centrelink-crackdown-on-alleged-welfare-cheats/

[19]. https://brittius.wordpress.com/2017/12/05/washington-doj-report-latest-usao-in-coordination-with-hhs-oig-dallas-based-physician-owned-hospital-to-pay-7-5-million-to-settle-allegations-of-paying-kickbacks-to-physicians-in-exchange-for-s/

[20]. https://www.theaustralian.com.au/national-affairs/education/daycare-operators-busted-over-200m-welfare-fraud/news-story/800dac74fa50ecf76f73b430027481db

[20b]. https://thehornnews.com/scandal-u-s-daycare-dollars-funneled-to-islamic-terrorists/

[20c]. https://fellowshipoftheminds.com/2018/05/23/minnesota-somalis-defraud-taxpayers-100m-sent-to-terrorists/

[21]. https://www.theaustralian.com.au/news/nation/rudd-governments-home-insulation-program-interfered-with-industy-court-hears/news-story/97d99499ab320f9af98431e88494932f

[22]. https://www.smh.com.au/opinion/the-great-solar-power-scam-20170207-gu7j7o.html

[23]. http://www.abc.net.au/news/2015-11-10/hill-the-great-energy-con-that-is-costing-us-billions/6924272

[24]. http://www.abc.net.au/news/2017-11-17/curious-adelaide-the-problem-of-power/9158240

[25]. http://www.news.com.au/finance/money/tax/nation-of-dobbers-whats-wrong-with-aussies-spying-on-their-neighbours/news-story/d0b032c3ca70887bc2a244c6c69f8b4a

[26]. https://socialismisnottheanswer.wordpress.com/2018/05/16/millions-in-tax-dollars-stolen-via-welfare-and-sent-to-terrorist-group/

Added after 2018 May 25:

[27]. http://www.news.com.au/national/victoria/news/plans-for-female-signals-at-pedestrian-crossings-slammed/news-story/362be22bdbd123d0d3b8842f82f97641

[28]. [7b]. https://www.telegraph.co.uk/news/2017/03/07/feminism-worst-female-pedestrian-crossing-lights-stir-debate/

[29]. https://fellowshipoftheminds.com/2018/06/05/virginia-school-board-tells-kids-they-werent-born-male-or-female/

[30]. http://www.abc.net.au/news/2018-06-04/kevin-rudd-in-court-home-insulation-scheme/9831626

[31]. http://www.abc.net.au/news/2017-06-13/lpg-bowsers-in-decline-at-petrol-stations/8612570

[32]. http://forums.whirlpool.net.au/archive/2669995

[33]. https://www.themotorreport.com.au/car-review/federal-government-lpg-incentive-scheme-ends-where-to-from-here-80874.html

[34]. https://www.theguardian.com/uk-news/2018/jun/05/dangerous-building-works-turned-grenfell-tower-death-trap-inquiry

[35]. https://newshoundsnewsround.wordpress.com/2018/06/09/disabled-man-sacked-from-30-a-week-council-job-told-he-can-work-for-nothing-as-volunteer/

[36]. https://www.reuters.com/article/us-usa-healthcare-employers-insight/fed-up-with-rising-costs-big-u-s-firms-dig-into-healthcare-idUSKBN1J70ZZ

[36b]. https://acenewsservices.com/2020/02/13/birmingham-u-k-court-report-based-in-a-home-in-rusholme-a-group-of-mothers-and-two-men-conspired-to-mak-e-nearly-900000-in-childcare-claims-with-more-than-60-women-employed-b/

[37]. https://johnib.wordpress.com/2018/07/12/italy-cuts-parliamentary-pensions-in-victory-for-5-star/

[38]. https://www.heritage.org/budget-and-spending/report/social-security-worth-its-cost

[39]. https://reclaimourrepublic.wordpress.com/2018/07/17/special-interests-one-of-main-reasons-for-national-debt-growth-steady-federal-debt-increase-over-30-years/

[40]. https://hat4uk.wordpress.com/2018/07/17/the-brexit-sellout-other-lies-whats-the-purpose-of-it-all/

LICENSING BOARDS EXPANDING THEIR OWN AUTHORITIES

[41]. https://wordpress.com/read/blogs/25486638/posts/107657

[42]. http://mobile.wnd.com/2018/07/state-orders-startup-company-to-give-back-all-income/

[43]. https://mindweaponsinragnarok.com/2018/07/19/liberalism-has-been-financially-incentivizing-feeble-ness-rule-breaking-and-free-riding-for-decades-it-imports-immigrants-from-traditional-conservative-countries-to-maintain-the-proliferating-popul/

HUGE PENSIONS FOR POLITICIANS

[44]. https://hat4uk.wordpress.com/2018/08/11/the-saturday-essay-forget-parties-the-uk-government-classes-represent-an-obese-pig-on-the-back-of-every-citizen/

TAX GRABS
[44b]. https://straightlinelogic.com/2018/08/13/this-is-fucked-up/

BIZARRE LICENSING FOR EVERYTHING

[45]. https://www.sovereignman.com/trends/finally-a-major-victory-for-common-sense-24014/

[45b]. https://straightlinelogic.com/2018/08/01/finally-a-major-victory-for-common-sense-by-simon-black/

[46]. https://prepper365.com/2018/08/07/losing-faith-in-local-government/

[47]. https://lisaandrews1968.wordpress.com/2018/08/07/losing-faith-in-local-government/

[48]. https://us-issues.com/2018/08/13/bankruptcy-soars-as-the-country-grapples-with-an-unprecedented-debt-problem/

[49]. https://straightlinelogic.com/2018/08/13/this-is-fucked-up/

[50]. https://pjmedia.com/trending/5-reasons-government-will-never-work-the-way-socialists-believe-it-will/

[51]. https://www.theburningplatform.com/2018/05/11/one-familys-two-year-nightmare-of-having-their-child-taken-by-the-state/#more-176062

HEALTH CARE WITH NO MARKET FORCE

[52]. https://danieljmitchell.wordpress.com/2018/08/18/the-pernicious-impact-of-government-intervention-in-healthcare-captured-in-a-chart/

[53]. https://danieljmitchell.wordpress.com/2017/03/13/the-worlds-most-inefficient-healthcare-system-part-i-created-by-government-financed-by-government/

[53b]. https://us-issues.com/2018/09/23/is-canadas-health-care-system-better-than-ours-in-the-us/

[53c]. https://michelinewalker.com/2018/10/19/a-white-elephant/
ENFORCING HIGH PRICE ON DRUGS:

[54]. https://johnib.wordpress.com/2018/09/09/cheap-custom-made-versions-of-high-cost-drugs-spur-backlash/

Frauds against public housing program

[55]. https://vikinglifeblog.wordpress.com/2018/10/05/housing-benefit-assessors-invented-fake-claimants-to-steal-1m-from-taxpayers-in-decade-long-scam/

[56]. https://www.dailymail.co.uk/news/article-6230615/Housing-benefit-assessors-invented-fake-claimants-steal-1m-taxpayers.html

Added after 2019 July 28:

[6b]. https://bcnn1wp.wordpress.com/2019/07/22/berkeley-city-council-removes-man-from-terms-such-as-manpower-and-manhole-in-favor-of-non-gendered-words/

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Government may be behind Bubble Markets

Government may be behind Bubble Markets

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No.109).

 

#bubble market, #market crash, #share market, #investment mania, #capital gain, #tax, #duty, #government,

Government may be behind Bubble Markets.

The arguments here use data and laws for only Australia but they are supposed to be applicable to other similar countries.

1. Government makes money on all transfer of wealth and all betting.

Let us say that any share trading market is only a place with zero sum for gains, just like a legalized casino (but with less requirements for transparency and fairness). There will always be winners and losers.

The government collects stamp duties on all transfer of wealth (ownership of shares) and betting (based on Contracts for Index Trading and Call and Put Options for shares).

The winners pay stamp duties and taxes on capital gains. The losers can ONLY deduct their capital losses against any current or future capital gains OF THE SAME NATURE!

That means you cannot deduct capital losses from shareholdings against capital gains in gold investment!

If a shareholder get very dispirited and decide never to own shares again, the Government win on the capital gain taxes he already paid on his IMAGINARY gains (during the growth of the Bubble)!

2. Government collects non-refundable stamp duties and capital gain taxes on all form of IMAGINARY capital gains.

During the bubble phase, most capital gains are imaginary and the government is quite happy collecting stamp duties and capital gain taxes on those imaginary capital gains!

3. There is more trading during any crash.

A crash of any market is only a (equitable or otherwise) transfer of wealth.

The computers for Share Trading have been overloaded and shut down in past crashes due to hectic trading. There will be obligations to complete the transfers of wealth after the trading.

A government always collect more stamp duties during crash despite its lip service that it shares the anguish of losers.

4. Australian government has been pumping up bank shares.

a. It allows shareholders to bet that bank shares would rise (by buying Call options and Selling put options) but penalize those shareholders who have “Put options” (by disqualifying them from offsetting company taxes against their personal income taxes)

b. It prohibits day traders (of shares) from selling first and buy back later the bank shares they don’t have. However it does not stop day traders from buying first resell later with the money they may not have ! (You are not allowed to sell in the morning the overpriced bank shares and buy them cheaper in the afternoon to fulfill the obligation caused by the contract in the morning).

5. Conclusion.

Just follow the money then people can see that Australian government benefits more from Bubble Markets than from “Fair Markets”. It may advise caution to investors but actually it may enjoy the money it collects from Bubble Markets of any form (for shares, real estates, bitcoins, tulips, gold, etc…).

Therefore it may be unnatural to expect a government to stop the growth of any bubble in its markets. It may actually have lent a hand to their growth!

Figure: Predicting a share market crash is really difficult.

Figure: Tulips (currently at $2 a bulb).

Figures: 1 ounce gold slab.

References

[1]. A satirical guide to signs of an impending crash for small investors,

[2]. Signs-pointing-to-an-impending-crash-for-small-investors,

[3]. Bitcoins-tulips-sparkling-diamonds-fiat-moneys-and-gold,

[4]. http://riggedgame.blog/2018/02/06/largest-cryptocurrencies-plunge-50-80-372-bn-gone-in-1-month-will-it-hit-the-us-economy/

[5]. http://riggedgame.blog/2018/02/11/the-game-truly-is-rigged-admits-economist-magazine/

Added after 2018 Mar 05:

[6]. https://riggedgame.blog/2018/03/05/democrats-gutting-wall-street-reform-follow-the-money/

[7]. https://www.thestreet.com/investing/why-red-hot-ipo-market-will-soon-bring-financial-carnage-14665587

[8]. https://dailyreckoning.com/you-should-fear-the-emerging-market-debt-bubble/

[9]. https://counterinformation.wordpress.com/2018/09/14/central-banks-have-gone-rogue-putting-us-all-at-risk/

[10]. https://wolfstreet.com/2018/09/18/just-how-exuberant-is-the-junk-credit-market/

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, , , Cashless bartering for survival, Federal Reserve Bank charges undeserved fees to Americans., A satirical guide to signs of an impending crash for small investors, Your fiat money (Part 2), Your fiat money, Bankers given outrageous incomes by their boards, Signs pointing to an impending crash for small investors,Bankers earn more than interest margin on secured loans, Can most pension funds last?, … all

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