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it is time for australia to turn to hoxhaist thought through bunkers we will achieve full communism
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Apr 3, 2017 05:06
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JBP posted:How will the government provide services for anyone if it spends an entire year of GDP buying out private companies? With the money they make from mining and by employing the people who work in those industries now. I don't see why other countries would care if they're buying ore from a privately or publicly owned company.
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Apr 3, 2017 05:08
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open24hours posted:With the money they make from mining and by employing the people who work in those industries now. I don't see why other countries would care if they're buying ore from a privately or publicly owned company. You realise the market valuation of those companies also accounts for future earning from mining, so you're going to need a loan for more than the GDP of the country and then embark on an adversarial acquisition of those businesses. You also ask the government to take on the risk of an entire sector of the economy that has been unreliable more than once in history. They would care because the expectation of posters itt is that we retain ore and coking coal to manufacture steel locally and also that we are attempting to acquire businesses that are part or wholly owned internationally either directly or through parent companies. So yeah. How many people do we have to kill to make this happen?
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Apr 3, 2017 05:13
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OK I do you good deal. I will tell the Australian public that we want to multiply national debt tenfold overnight and you can put them all against a wall and shoot them when they say no. e: don't stress too much once you shoot enough of them the rest will start to get it and fall in line.
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Apr 3, 2017 05:15
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There's nothing wrong with going into debt to purchase a productive asset, and any company wanting to process the ore would have to buy it from the (government) miner at market rates. I'm not suggesting we subsidise the industry, just take ownership of it. [EDIT: and it's not like they'd be buying out every company at once, it'd happen over a period of decades] open24hours fucked around with this message at 05:24 on Apr 3, 2017 |
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Apr 3, 2017 05:18
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I guess if a country worked like a game of Civilisation you could do this.
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Apr 3, 2017 05:30
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JBP posted:OK I do you good deal. I will tell the Australian public that we want to multiply national debt tenfold overnight and you can put them all against a wall and shoot them when they say no.
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Apr 3, 2017 05:32
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JBP posted:You realise the market valuation of those companies also accounts for future earning from mining, so you're going to need a loan for more than the GDP of the country and then embark on an adversarial acquisition of those businesses. You also ask the government to take on the risk of an entire sector of the economy that has been unreliable more than once in history. So dont buy them out. Just massively increase the taxes and royalties on that sector, cancel the leases they have on mining rights, get rid of all the subsidies and you will be 90% of the way to making sure that it is unprofitable for the companies to operate. They stop trading. The mineral wealth reverts back to public hands. Simple.
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Apr 3, 2017 05:34
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NPR Journalizard posted:Just massively increase the taxes and royalties on that sector A Labor government couldn't garner the political willpower or general support to moderately increase the taxation on mining.
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Apr 3, 2017 05:38
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open24hours posted:Do you think the mining companies would hire mercenaries or what? The government would buy out the companies, something they should be spending the royalty money on now. Like Shell did in Africa? Mercs to intimidate villages being polluted by toxic spills. Oh, and this sort of thing: Of course, it was actually far worse than that cable makes it seem. Shell was actively inserting their people at every level not just to find out what the Nigerian government was doing, but to outright control them. A soft corporate coup. open24hours posted:With the money they make from mining and by employing the people who work in those industries now. I don't see why other countries would care if they're buying ore from a privately or publicly owned company. Ask Iran about that. Megillah Gorilla fucked around with this message at 05:42 on Apr 3, 2017 |
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Apr 3, 2017 05:40
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What I'm hearing is basically suspend democracy, go to war with some of the country's biggest companies and then spitefully destroy the industry wholesale so that those private interests move overseas and take their equipment leaving a bunch of government officials to work out how to run a mine and buy all the poo poo to do it with.
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Apr 3, 2017 05:41
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JBP posted:A Labor government couldn't garner the political willpower or general support to Fundamentally we need campaign donation reform to try and pry business out of our politics before we can start moving to more sane positions.
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Apr 3, 2017 05:42
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hooman posted:Fundamentally we need campaign donation reform to try and pry business out of our politics before we can start moving to more sane positions. Wouldn't have changed very much given that the minerals council ran a far better campaign than the government, coupled with the fact that the opposition would have opposed on ideological grounds anyway.
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Apr 3, 2017 05:46
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gently caress the Domain, don't click this posted:A controversial Silicon Valley start-up that lets tenants bid against each other for rental properties will launch in Australia this year, amid fears it will jack Aussie rents up higher.  The fact that it has to brag about $1m in VC from 'major vc investors' is loving laughable so it's likely it won't take off in the slightest - who am I kidding we're doomed.
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Apr 3, 2017 05:50
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This is all a bit hyperbolic. I'm talking about a government purchasing shares in publicly traded companies, not forcibly taking ownership of them. Comparisons to Nigeria and Iran are ridiculous.
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Apr 3, 2017 05:50
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Apr 3, 2017 05:54
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open24hours posted:The Greens seem kind of maxed out, they've been treading water for the past few federal elections and their polling is pretty stable. I don't know what they can do if they want to become a mainstream party, but they'd better get on it. they need a brand change. a lot of people are really suspicious of 'greenies' (i.e. vegan SJWs who want to ban fishing, hunting and 4wd-ing) and they assume the Greens are basically a party devoted to all of those things. I reckon they'd be a lot more successful if they styled themselves as a socialist democrat party with an interest in the environment rather than an environmentalist party with an interest in socialist democracy.
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Apr 3, 2017 05:55
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open24hours posted:This is all a bit hyperbolic. I'm talking about a government purchasing shares in publicly traded companies, not forcibly taking ownership of them. Comparisons to Nigeria and Iran are ridiculous. As far as a publicly traded company goes that this is forcibly taking ownership from them and they will resist. Once the government has control of the company investors will abandon ship and buy BHP Billiton Jr. The government will find it impossible to raise capital because you have the industrial equivalent of a five year old now helming that company. e: you'd be going into a market war with BHP Billiton and Hancock Prospecting is a privately owned company which means compulsory acquisition or enactment of Full Stalin. JBP fucked around with this message at 06:00 on Apr 3, 2017 |
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Apr 3, 2017 05:56
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Bogan King posted:
Rent bidding is illegal in Qld (best state).
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Apr 3, 2017 05:58
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JBP posted:A Labor government couldn't garner the political willpower or general support to moderately increase the taxation on mining. Yes, but when they finally split along faction lines, and the left hooks up with the greens and they form government and start passing good legislation, its entirely possible.
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Apr 3, 2017 05:58
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JBP posted:As far as a publicly traded company goes that this is forcibly taking ownership from them and they will resist. Once the government has control of the company investors will abandon ship and buy BHP Billiton Jr. The government will find it impossible to raise capital because you have the industrial equivalent of a five year old now helming that company. The government wont need to raise capital in the traditional way of the stock market. They can issue bonds and write low interest loans to the company quite easily. Plus, I think you are overestimating the brain drain that would happen. And again, they can just gently caress around with the leases to make sure the companies cant mine. Yes it will be difficult, but its not impossible.
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Apr 3, 2017 06:00
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I would blow Dane Cook posted:Rent bidding is illegal in Qld (best state). Uber being illegal hasn't stopped them in the slightest.
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Apr 3, 2017 06:02
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JBP posted:As far as a publicly traded company goes that this is forcibly taking ownership from them and they will resist. Once the government has control of the company investors will abandon ship and buy BHP Billiton Jr. The government will find it impossible to raise capital because you have the industrial equivalent of a five year old now helming that company. Wouldn't investors be more concerned with how much money the company was making than whether it was owned by the government? People were more than happy to buy shares in Telstra when it was majority owned by the government. Again, it doesn't have to happen all at once. Sooner or later Hancock Prospecting will want to raise some money and I'm sure they'd be more than happy to let the government give it to them.
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Apr 3, 2017 06:03
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open24hours posted:This is all a bit hyperbolic. I'm talking about a government purchasing shares in publicly traded companies, not forcibly taking ownership of them. Comparisons to Nigeria and Iran are ridiculous. They should just take the machines and the dirt
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Apr 3, 2017 06:04
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NPR Journalizard posted:Yes, but when they finally split along faction lines, and the left hooks up with the greens and they form government and start passing good legislation, its entirely possible. lmao NPR Journalizard posted:The government wont need to raise capital in the traditional way of the stock market. They can issue bonds and write low interest loans to the company quite easily. Plus, I think you are overestimating the brain drain that would happen. Take away all the leases so the companies can't operate anymore then start a new government company from the ground up  I thought it was going to be simple.
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Apr 3, 2017 06:05
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open24hours posted:Wouldn't investors be more concerned with how much money the company was making than whether it was owned by the government? People were more than happy to buy shares in Telstra when it was majority owned by the government. If you are going to have a majority government owned company that is publicly listed and paying dividends to shareholders why make the public take on all this risk? What is stopping me from competing with the government? You'd create a market where the government gets free kicks for their company and penalises competitors, but won't control the entire industry for thirty years? Why the gently caress are Hancock taking free government money, what is the payoff for the owner?
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Apr 3, 2017 06:08
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They're not getting free government money, they're exchanging it for shares in the company. The payoff is the same as any other time a company sells shares to raise capital.
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Apr 3, 2017 06:14
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open24hours posted:They're not getting free government money, they're exchanging it for shares in the company. The payoff is the same as any other time a company sells shares to raise capital. A privately owned company is going to go to a bank and not sell their ownership of the company or raise capex in other ways. Doubly so when you consider the ideological nature of the current owner.
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Apr 3, 2017 06:16
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Could just run Gina through the guillotine. She's the kind of narcissistic greed driven gently caress that don't care for succession planning, and as far as I can tell she's cut her kids out of their inheritance (to the point that she had Barnaby emailing them telling them to stop suing her) so that'll be the end of the line for Hancock perhaps...
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Apr 3, 2017 06:31
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open24hours posted:This is all a bit hyperbolic. I'm talking about a government purchasing shares in publicly traded companies, not forcibly taking ownership of them. Comparisons to Nigeria and Iran are ridiculous. Certainly ridiculous for Australia. And I am immensely thankful for that. My point was simply that this is literally something the big corporations actually do. The same toxic corporate environment that leads companies to hire people to outright murder civilians is present even in businesses operating in countries like Australia. It's just that they can't get away with it here so they have to think of other ways. But if they could get away with having people dragged off and hanged for disrupting their profit streams, yeah, they totally would.
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Apr 3, 2017 06:32
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Don Dongington posted:Could just run Gina through the guillotine. She's the kind of narcissistic greed driven gently caress that don't care for succession planning, and as far as I can tell she's cut her kids out of their inheritance (to the point that she had Barnaby emailing them telling them to stop suing her) so that'll be the end of the line for Hancock perhaps... The kids actually won control of the Hope Hancock Trust which is 1/4 of the company and unless Gina specifies some other beneficiary they'll just get control of it. 50/50 shot as to whether they just turn into their mother or sell it all and buy cocaine.
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Apr 3, 2017 06:36
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The MUA is currently having a protest in the Perth CBD, saw a double-decker bus drop them off near the corner of St Georges Tce and Barrack St, now they're heading north on Barrack. Anyone know what they're protesting?
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Apr 3, 2017 06:36
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JBP posted:The kids actually won control of the Hope Hancock Trust which is 1/4 of the company and unless Gina specifies some other beneficiary they'll just get control of it. 50/50 shot as to whether they just turn into their mother or sell it all and buy cocaine. To be fair this is WA - It'll be meth. And in fairness, the coke over here is known to be pretty shithouse.
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Apr 3, 2017 06:40
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cheese-cube posted:The MUA is currently having a protest in the Perth CBD, saw a double-decker bus drop them off near the corner of St Georges Tce and Barrack St, now they're heading north on Barrack. Anyone know what they're protesting? No idea but their website news section is all about protesting the state of the minimum wage so I maybe it's related to that?
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Apr 3, 2017 06:41
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JBP posted:What I'm hearing is basically suspend democracy, go to war with some of the country's biggest companies and then spitefully destroy the industry wholesale so that those private interests move overseas and take their equipment leaving a bunch of government officials to work out how to run a mine and buy all the poo poo to do it with. Suspend makes it sound like I intend to reintroduce it at some point
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Apr 3, 2017 06:47
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Event link: https://www.facebook.com/events/253136351756631/ Penalty rates rally in Forest Chase. Sally McManus is speaking. I'd be there but I'm doing Mandatory ACTU Financial Governance Training 
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Apr 3, 2017 06:50
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Woolies offered me a $500 giftcard for my 'inconvenience' as they called it. reminder the inconvenience was that their BBQ cleaning brush broke down doing its only job of cleaning a bbq and left wire bristles all over the grill which I then got stuck in my throat for 2 days. not sure if I should pursue it further or just take it. I spoke with a laywer who suggested that its $10k just to get the case heard in court before fees, and on top of that they are likely to drag the case out over years. $500 cash would be more beneficial than a voucher for a shop Im already basically stuck buying from anyway.
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Apr 3, 2017 06:58
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Go to the media, ideally ACA or similar foot in door "journalism", with their offer
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Apr 3, 2017 07:05
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G-Spot Run posted:Go to the media, ideally ACA or similar foot in door "journalism", with their offer This sort of thing needs to happen. It's trial by media or they will beat you into submission with their deeper pockets. ne: even just threaten to start with to see if they'll up the offer.
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Apr 3, 2017 07:08
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I'd probably ask for more money before going to the media. Would be a lot easier and they might give it to you.
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Apr 3, 2017 07:09
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