Dad, business owner, investor, engineer. I debate ideas to achieve a higher level of understanding. If I am wrong, roast me.
Queensland, Australia
Joined October 2022
- Tweets2.4K
- Following165
- Followers119
- Likes12.5K
Lead like an Engineer retweeted
One of the reasons I don’t like socialism is public bathrooms.
A public bathroom is about as basic a shared resource as you can get. Everyone gets to use it, and everyone is expected to show a little consideration for the next person. The rules aren’t particularly complicated.
And yet, a shocking number of adults can’t even manage to throw their paper towels in the trash. Some will pee all over a toilet seat and leave it for the next person. And the next person, who didn’t make the mess, certainly isn’t going to clean it up either.
Now imagine trusting these same people to collectively manage an entire economy.
We can’t even get everyone to agree that cleaning up their own pee is a personal responsibility, but somehow we’re supposed to believe everyone will become hardworking, responsible, and considerate when we’re sharing the fruits of each other’s labor.
Now, compare your average public restroom to a Buc-ee’s bathroom.
Buc-ee’s figured something out. Clean bathrooms attract customers. Customers spend money. So the company has a financial incentive to keep those bathrooms spotless. They hire people to maintain them, hold employees accountable, and compete for your business.
And people will literally plan their road trips around stopping there.
That’s capitalism. Someone recognized a problem, found a way to solve it, and made money because people valued the result.
Of course, not everyone contributes equally to society. Some people work harder, make better decisions, and take more responsibility. Others seem perfectly content making life more difficult for everyone around them.
I believe people should have the freedom to live however they choose. I also believe in helping people who genuinely need it.
But I have a hard time accepting an economic philosophy that expects me to trust everyone to act in the collective interest when some people can’t be bothered to clean up after themselves.
Buc-ee’s figured out how to get people to willingly pay for a better experience.
Socialism wants me to believe the people leaving paper towels on the floor will suddenly become responsible stewards of everyone else’s resources.
I’m going with the beaver.
Lead like an Engineer retweeted
Competition drives cost down.
Free stuff by the government drives up demand without increasing supply. Government then prints money, which drives up costs again through inflation.
Lead like an Engineer retweeted
Being self-employed for 18 years has made me completely unemployable. Not because I can't do the job. Because I can't sit in a room full of adults pretending something stupid makes sense.
Lead like an Engineer retweeted
Gagging the Productivity Commission from examining @AlboMP ’s capital gains tax hike says everything.
They know the world’s highest effective tax on investing will smash productivity, the single biggest driver of living standards, and punish the everyday Australians who put money into businesses, shares and growth.
Suppressing the truth won’t make bad policy better. It just confirms they prefer politics over evidence.
It’s time we must change this tax. We need to to @GetAheadAus
The government gagging PC from looking at its 80% increase in the tax on investing tells you: they know it’s bad policy that destroys productivity; but they prefer playing politics to good policy. Suppress the truth. It won’t work.👇
xitter.cf/DerekFranc90653/status…
Lead like an Engineer retweeted
Shared postI told you 2 weeks into the lockdowns that we were going to ignite the inflation cycle and the war cycle. Obviously that has come to pass.
Liberals are celebrating the mid term results, but I'm going to tell you what the long term consequences are going to be, and like the lock downs they aren't good.
First they are going to create chaos in the government starting next year. This will ultimately crash the economy and the world will roll over into the next recession. The war cycle will intensify and it's very likely the Ukraine war will start to engulf all of Europe as the EU is in the initial stage of financial collapse due to its years of socialist and insane climate focused energy policies.
When governments can't solve the problems (that they created) they blame someone else and start a war. Kind of like the gladiators of Rome to distract people from the decay that is eating away at the society. We are stating to see riots across Europe now as this begins.
This will end up with boots on the ground in Ukraine, starting with Nato but possibly also US troops at some point.
As the recession accelerates Democrats will begin to turn toward socialism. Unfortunately we will not learn the lesson from Europe and will make the same mistake. Socialism only works (temporarily) when a country has a large reserve to draw one. The US is 40 trillion in debt. That means we will have to print trillions and trillions of new dollars to pay for the "free" socialist policies.
As you may know printing a lot of money causes inflation. Again politicians learned nothing from the Inflation reduction act that printed 4 trillion dollars and ignited the inflation cycle. The next time we won't have any choice. If you want to give away free stuff to buy votes someone has to pay. You either crush the entire population with mind numbingly high taxes (you can't get nearly enough from a few rich people, everyone will have to pay)....or, you crank up the printing press and print the dollars out of thin air.
Result? More inflation and higher interest payments on the debt. A vicious circle of printing and higher and higher inflation mixed with periods of stagnation and recession when the inflation triggers cascading recessions.
The problem with socialism is as Margaret Thatcher said: Eventually you run out of other people's money.
I warned in 2020 that the idiotic policies we implemented for COVID would end up killing many times more people than COVID ever would. It has already begun. A million or so have already died in Ukraine and the middle east. Civil unrest is starting to accelerate as hard times come to a fat and complacent world that is in no way prepared to deal years of crisis.
Lead like an Engineer retweeted
This compares cumulative growth in GDP per capita in the first 4 years of federal governments since records began.
The growth path has been deteriorating since Rudd, but Albanese is particularly bad.
We have gone less than nowhere.
Lead like an Engineer retweeted
This is @AlboMP in 2020 commenting on then Coalition Minister Bridget McKenzie who admitted to breaching ministerial standards by failing to formally declare her membership at the Wangaratta Trap and Gun Club, which received $36,000 in federal funding through a Sports Funding program. She resigned.
Thanks to @rovingallround for the clip.
Lead like an Engineer retweeted
If 80+% pick Red, everyone in the world survives. If less than 80% pick Red, only everyone who picks Blue survives.
What are you picking?
58%Red 🔴
42%Blue 🔵
418,079 votes • Final results
Lead like an Engineer retweeted
Media Release: One Nation will reverse Dr Chalmers’ budget experiments
One Nation will fix Dr Jim Chalmers’ destructive budget experiments by reversing his capital gains tax and trust changes. One Nation will also protect negative gearing for up to two investment properties and vows to fight any plan by the Treasurer to impose death taxes and taxes on the family home.
One Nation leader Senator Pauline Hanson said Australians were paying for a Treasurer who had no idea what he was doing and the Albanese Labor government who just cannot stop spending and driving up inflation.
“Dr Jim Chalmers is experimenting on the Australian economy, and everyday Australians are his guinea pigs.” Senator Pauline Hanson said.
“He’s playing with your home, your rent, your business and your savings. When his experiments fail, Australians will pay dearly.
“He has smashed business confidence, cut off business investment and helped send the property market into free fall.
“Already, more than 1,100 households who bought through Labor’s expanded five per cent deposit scheme are now estimated to owe more than their homes are worth.
“Labor encouraged them into the market, then pulled the rug out from under them.
“They botched the ATO credit card ban and lied about their involvement. They were forced to back down on their widow tax. Now accountants warn Labor’s trust changes could cost Australians billions in unnecessary advice and restructuring.
“Labor couldn’t run a corner shop. But they know how to send one broke.
“One Nation will restore the 50 per cent capital gains tax discount and scrap Labor’s proposed 30 per cent minimum tax on trusts.
“The status quo of allowing unlimited taxpayer concessions for property tycoons was not working for Australians. The Liberal plan to back the broken model protecting property moguls makes no sense.
“One Nation would continue to allow Australians to negatively gear up to two investment properties.
“Anthony Albanese has pulled the ladder up behind him on young people trying to break into the property market, protecting tax concessions for existing properties. This includes the Prime Minister’s own ocean view clifftop house in Copacabana, the hundreds of properties held by his own cabinet and the thousands of properties held by property tycoons.
“The Labor government must answer whether members of cabinet who benefited from grandfathering negative gearing concessions recused themselves from voting on the measures given their conflict of interest.
“Australians should be able to work hard, invest and get ahead. For many young Australians, an investment property was one way they could get a foot into the property market.
“One Nation will end this disastrous experiment and reverse Chalmers’ destructive budget experiments.
“And we will draw a line around the family home and stop any plans for Labor’s death taxes.
“It’s not enough that you already work several days a week to pay for Labor’s uncontrolled spending. Because Labor cannot control their own spending, they will keep coming back to shake you down for more.
“My warning is that your family home, your super, and what you leave your children will be in the firing line next.
“Labor broke its promises on negative gearing and capital gains tax. Why would Australians trust anything they say?
“One Nation will never impose a death tax. We will never impose a tax on the family home.
“You should not have to spend your life paying for Labor’s spending addiction, then have them send your children the final bill.”
