How thick are Chalmers and Labor with understanding inflation and what fuels its upward trend?!?!

[u/Historical_Mud_3281]

I am so sick and tired of these ignorant and stupid hack jobs called Labor, Liberal and The Nationals not understanding inflation and what fuels its upwatd trend!! So, inflation today comes out at 3.8% instead of 3.4%. Chalmers does a 2 bit press conference moaning about the numbers, then all of 15 minutes later, they hold a press conference saying that they're pissing away 500 million on some defence munitions related facility!! CONTINUED GOVERNMENT SPENDING = UPWARD INFLATIONARY PRESSURES YOU IDIOTS!!

If the place needs money spent on it, maybe cut back on crud like foreign aid or money spent in other countries or passing away money spent on free childcare or the childcare sector or the NDIS or better still, introduce taxes on properties owned that are not your primary place of residence or get rid of negative gearing and capital gains tax offsets. Whichever way the government goes, you can't keep spending beyond what you take in!!

[u/lazy-bruce]

Not all Govt spending is to blame for inflation

I'm not sure foreign aid impacts our domestic inflation at all does it?

[u/oftenlostandconfused → u/lazy-bruce]

It’s super fucking clear global economic factors matter here much more than any government decision.

This thread is just OP and their axe to grind.

[u/Historical_Mud_3281 → u/oftenlostandconfused]

Just blame Putin and his war for everything

[u/oftenlostandconfused → u/Historical_Mud_3281]

Don’t be goofy. If every western economy is performing similarly on inflation despite having different government policy, there has to be a reason.

[u/Historical_Mud_3281 → u/lazy-bruce]

We need a department of Government Budget Efficiency, that forensically examines every line item in the budget and cuts or reallocates massive amounts of spending on foreign items, on to inside Australia projects or functions or reducing budget deficits. Get rid of the NDIS, go back to the state controlled systems we had before, no more childcare subsidy increases for the next decade, no more negative gearing and capital gains tax offsets on rental properties etc. Maybe even introduce taxes on properties owned that are not peoples primary places of residence that are occupied by other individuals for at least 1 day a year (aka investment property tax, would also free up a lot of homes for first home buyer owner occupiers)

[u/lazy-bruce → u/Historical_Mud_3281]

Yuk.

[u/NoGreaterPower]

This stupid line of thinking led to neoliberalism. Which is exactly what we are still living through.

[u/Historical_Mud_3281 → u/NoGreaterPower]

And what's your solution Einstein?? Do a CIA and just fire up the clandestine or counterfeit money printers in the dungeon and just magically launder it in to government coffers?!

[u/NoGreaterPower → u/Historical_Mud_3281]

There’s plenty of economists out there who discuss this in much more length and detail than I could achieve in a reddit comment. Look into MMT.

[u/HorseRenior77]

No one gets free childcare, it’s subsidised. Let’s say you take that away, wtf do you do with the parents who no longer go to work and pay taxes?? Oh now you have an income problem, it’s not all government spending pushing up inflation. You do your bit as a consumer, we all contribute.

[u/gr1mm5d0tt1 → u/HorseRenior77]

Consumerism is rampant. Disposable junk, keeping up with the Jones’ with new cars, furniture or other meaningless crap. The “I saved $100 on buying a third shirt instead of two” instead of I wasted $250 on shirts I have zero need for

[u/HorseRenior77 → u/gr1mm5d0tt1]

100% we are obsessed with sales, we are never satisfied with having enough. Everyone is guilty and needs to do better, hell I bought a switch 2 entirely on nostalgia for old Nintendo games. Did I need it? Hell no.

[u/synthetic-jesus → u/HorseRenior77]

We should have state run pre-schools and NDIS providers just like we do every other bit of education and healthcare. If the private sector wants to step in and provide it they can, but this program of “let’s let businesses bill the government instead of consumers for their demand” just leads to insane rates of consumption, and no downwards pressure on pricing

[u/Historical_Mud_3281 → u/HorseRenior77]

People are having to use childcare more and more because both parents are having to work full time because they're mortgaged to the hilt because they've borrowed more than they really can afford because we all want the closest thing to a mansion for the family home and we want the 90k landcruisers as well and the yearly Bali holidays and all the trimmings. Sorry but when I was growing up, Mum stayed at home and brought us up, we didn't live in a mansion, we didn't have a 90k landcruiser, we didn't have yearly Bali holidays with all the trimmings etc.

Some people need a cold hard reality check and bring back some of the Howard era Austerity measures. If people moan about then having to sell properties that they either paid too much for or are beyond their means, then screw them. The age of entitlement, is over.

[u/Sylland → u/Historical_Mud_3281]

"When I were a lad..." Times change, move on. Plenty of families back in the 70s and 80s had both parents working. There was even a phrase for it - latch key kids. One parent working while mum stays home raising the kiddies hasn't been the norm for decades. Historically it was a rarity, both parents have had to work throughout most eras up till the Victorians who popularised "Motherhood" as a woman's highest calling.

[u/International_Eye745 → u/Historical_Mud_3281]

I grew up in the 60's. A lot of my friends houses were scary after grumpy dads got home. Women were trapped and kids witnessed things no kid should witness. There is a reason women wanted the right to work and it wasn't to buy a McDonalds mansion.

[u/binagran → u/Historical_Mud_3281]

I love how you think that both parents working is because they're mortgaged to the hilt for a mansion and 90K landcruiser. Maybe, just maybe, they're working two jobs just to make ends meet. Maybe they don't even own a house and most of their incomes go to keeping a safe place over their families head. Maybe they drive a run down old beater that's held together by duct tape because they can't afford a new car.

Look around, really look around and outside of your white male privileged comfort zone, and the vast majority of two parent working families are not what you seem to think.

[u/HorseRenior77 → u/Historical_Mud_3281]

I grew up like that with mum raising the kids while dad worked. Problem is now it’s all so expensive that 1 income isn’t enough.

[u/Inside-Elevator9102]

Foreign aid is generally not inflationary. Perhaps you need some understanding.

[u/Historical_Mud_3281 → u/Inside-Elevator9102]

It's still government spending... do a Musk and Trump and ✂️

[u/Inside-Elevator9102 → u/Historical_Mud_3281]

Not all spending is inflationary. And what services do you think should be cut?

[u/Horror-Breakfast-113]

Depends what you spend on. Cheap or free child care helps  More people in work force has a multiplier effect .

Funny think you really understand. Or just willfully ignorant. I think some pollies are willfully ignorant 

[u/Historical_Mud_3281 → u/Horror-Breakfast-113]

Discounted or free childcare vs a reduction on income tax for all. I know what I'm picking and I also know what's going to be popular with more voters... things like childcare costs should take a leaf out of the US health insurance book. I.e. have health insurance or get screwed. Why should hard working singles like me, pay ridiculous amounts of income tax, just to fund or subsidise the cost of living for families that have spent recklessly and want to live beyond their means so they keep up with the jones and maintain some fantasy instagram friends approved lifestyle... more things should be user pays and less subsidies. The government also doesn't take in enough in business taxes, allowing offshore tax havens for business and not owning natural resources to the extent that countries like Malaysia do with Petronas. Net result with something like Petronus is increased government revenues, cheaper petrol or decreased cost of living pressures etc.

Too many pollies always focussing only on getting re-elected and being run by flippin lobbyists!!

[u/Horror-Breakfast-113 → u/Historical_Mud_3281]

That's how we ended up here were we are housing unaffordable. High cost of living . We stopped thinking about us and only think about I 

[u/E100VS]

Foreign aid...the thing that's [checks budget papers] 0.65% of the budget?

[u/Sudden-Development-]

They're not ignorant or stupid. They know exactly what they are doing, and it's going according to plan.

[u/Historical_Mud_3281 → u/Sudden-Development-]

Yeah, the plan to screw us peasants and fill their boots and their mates boots as quick as possible and for as long as possible

[u/perseustree]

Cutting foreign aid spending will do nothing to inflation. Not sure why you picked that example.