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  1. #1
    Join Date
    May 2011
    Location
    Murray Bridge SA
    Posts
    3,339

    Default Nothing is made in Australia.

    Nothing is made in Australia anymore,
    I'd just bought a new TV and the box says Built in Antennae.
    I don't even know where that is????
    To grow old is mandatory, growing up is optional.

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  3. #2
    Join Date
    Aug 2008
    Location
    Birkdale
    Age
    51
    Posts
    279

    Default

    I was made in Australia. Probably in the back seat of a holden.

  4. #3
    Join Date
    Mar 2015
    Location
    Melbourne, Vic, Australia
    Posts
    1,255

    Default

    Australia is a resources and services economy. Manufacturing is fairly far down on the list of major contributors to the economy these days. Unfortunately. Guess what the largest contributor is; financial services - which creates absolutely zero - just wealth transfer.

  5. #4
    Join Date
    Nov 2007
    Location
    eaton
    Posts
    87

    Default accidents occurred on the rear seat of cars

    Years ago the ABS said that most accidents occurred on the rear seat of cars.

  6. #5
    rrich Guest

    Default

    Quote Originally Posted by DomAU View Post
    Australia is a resources and services economy. Manufacturing is fairly far down on the list of major contributors to the economy these days. Unfortunately. Guess what the largest contributor is; financial services - which creates absolutely zero - just wealth transfer.
    I've been saying something similar for years. Basically a service based economy can not be self sustaining. For the unbelievers among us try this experiment. Have a group sit around a table. Distribute an equal number and value of coins to everyone sitting a the table. For the purpose of this experiment assume a general tax rate for every transaction. Each participant purchases from the person on the right and sells to the person on the left. The government kitty is in the center of the table.

    Assuming a tax rate of 10% and each purchase / sale is 10 coins. A purchase is made from the right. Ten coins go from you to the right. On the right 9 coins are kept and one goes into the kitty. You now sell to the left and receive 10 coins but one coin goes into the kitty. As we go around the table buying and selling it doesn't take long before the government kitty has almost all of the coins. The participants have the services that they need. The net result is that the government has almost all the coins.

  7. #6
    Join Date
    Aug 2011
    Location
    bilpin
    Posts
    3,551

    Default

    Another interesting exercise is to look at your own children and their class mates from school. In adulthood, how many have productive employment and how many are paper shufflers?

  8. #7
    Join Date
    Dec 2011
    Location
    Buderim qld
    Posts
    842

    Default

    Quote Originally Posted by KBs PensNmore View Post
    Nothing is made in Australia anymore,
    I'd just bought a new TV and the box says Built in Antennae.
    I don't even know where that is????
    I thought jokes were meant to be funny. Haha.

  9. #8
    Join Date
    Feb 2013
    Location
    montreal canada
    Posts
    0

    Default

    Quote Originally Posted by rrich View Post
    I've been saying something similar for years. Basically a service based economy can not be self sustaining. For the unbelievers among us try this experiment. Have a group sit around a table. Distribute an equal number and value of coins to everyone sitting a the table. For the purpose of this experiment assume a general tax rate for every transaction. Each participant purchases from the person on the right and sells to the person on the left. The government kitty is in the center of the table.

    Assuming a tax rate of 10% and each purchase / sale is 10 coins. A purchase is made from the right. Ten coins go from you to the right. On the right 9 coins are kept and one goes into the kitty. You now sell to the left and receive 10 coins but one coin goes into the kitty. As we go around the table buying and selling it doesn't take long before the government kitty has almost all of the coins. The participants have the services that they need. The net result is that the government has almost all the coins.
    But government spends more than it brings in so it keeps printing money and the kitty is perpetually empty. Who ends up with all the coins?

  10. #9
    rrich Guest

    Default

    Quote Originally Posted by tooler View Post
    But government spends more than it brings in so it keeps printing money and the kitty is perpetually empty. Who ends up with all the coins?
    That thought is terrifying! I never thought of it that way.

  11. #10
    Join Date
    Jun 2005
    Location
    Helensburgh
    Posts
    7,696

    Default

    I have been reading this book about the foundations of capitilism and wealth and it ain't pretty when analysed if the author is anywhere near right in his work.

    https://www.amazon.com.au/Great-Deva.../dp/111969146X

    As for our economy and lack of industry a prominent politician told us we did not need it and we should be the smart country instead.
    CHRIS

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