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Byron Shire
June 18, 2021

Billionaire keeper

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Keith Duncan, Pimlico

Universally discredited ‘trickledown economics’ theory and anti-worker policies were needed, and arrived with the implementation of JobKeeper, where the lion’s share of $83 billion taxpayer dollars was gifted to many of Australia’s richest businesses earning the biggest profits.

It also proves that this same federal Coalition government is nothing more than the political arm of Australia’s richest businesspeople; Harvey Norman enjoyed its most profitable year ever.

Bloomberg’s Billionaire Index revealed, ‘Australia’s billionaires have had a remarkable 12 months since COVID hit and have seen their wealth almost double’.

In stark contrast, workers have seen their share of national income dip below half for the first time since 1959. Last year, the Australian Bureau of Statistics reported that company profits had jumped by 14.9 per cent, while workers’ total wages and salary fell by 2.5 per cent.

Had JobKeeper been better targeted, there would have been more money to better support sectors such as tourism, travel, hospitality and the arts, where many small businesses and their employees went broke. I could go on, but when the government is the problem, with a track record of continually attacking workers’ entitlements (remember Work Choices?), the only sensible solution is to eliminate the problem, ASAP.

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  1. Well keith !! agree with you somewhat.
    However … no government is ideal
    the coalition is not and nor are labor – Greens… of all the world’s government’s
    the world over , the recovery from covid
    has been remarkable really .. keith even if this was labor at the helm would have the same view .. this recovery of course comes
    On the back of record iron ore prices & the booming resources industries… that incidentally the labor party & the greens
    do not support at all.. work in the industry keith and never i seen labor so on the nose..
    Shame really because they used to be a party for the workers .. not anymore..

  2. Okay. So all anyone can do with the Government & Opposition is rise-up & take to the streets
    each & every problem we have that they’ve refused to do anything about. People know when
    they’ve been used, abused & lied to. It’s time Morrison, Albo & the rest of the crew took up
    cane-cutting & road-work.

  3. While I’m at it, ‘Porter’s Inquiry’ has been “Blocked by the Government using
    unprecedented Gag Tactics.” The Greens & Labor called for an Independent
    Investigation & a former high court Judge points out that there’s a cloud over
    Porter’s fitness to be in parliament. In the ‘real world’ who would consider
    any of these LNP dudes.


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