Search results

The Howard/Rudd years would not have been able to hand out all these tax cuts, baby bonuses and family tax benefits without the mining boom. Collectively it has made us complacent with the thought we are a lucky country without much effort. It also gave us an inflated currency that allowed us...

I don't think there's enough entrepreneurs going around, these tradies are just like any payg people because they see it as a job not as a business. They trained for it like the lawyers and accountants who trained and studied for their jobs. And I would not call investment in property to be...

To avoid mistakes LoL

I don't know the exact proportion, but judging by the huge IP books of the banks so many aussies know nothing better than invest in property. It's an arguably unproductive investment, and an unimaginative money making scheme. Few have the ability and creativity to be entrepreneurs that...

I don't think that's the problem. The problem is Aussies only know one thing about making money, and that's property investment. Entrepreneurship is in a coma in this country.

This makes me laugh. Banks are profit oriented entities, it's their money and they can do whatever they want within the law. I'd rather see banks retain more margin to beef up capital against risky investor lending. They are systematically too important not to have their balance sheets...