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AUSTRALIA IS NOT A PLAYGROUND FOR THE MEGA RICH.
It is supposed to be home for all decent people to live in harmonious, hard working circumstances with modest comfort and assistance for those with difficulties. We ought not to be abused and used as playthings by the Bankers, who send their wealth off to the Cayman's.
It may will be prudent to examine Interest Only loans more closely. IO's are an odd mixture of Low Docs: unaffordable, unsustainable and unverified. They are famous for toxicity in lending.
Banks have loaded the nation up with the second highest household debt levels in the world and grief will follow. We urgently need some accountability regarding the apparently deliberate disparity between costs of living and income standards. It's probably the only sensible way to tackle inequality which I think actually represents a greater general threat than any other issue.
We need to know the names of the people responsible for the unaffordable lending, the cost of living stupid mess and the half job catastrophe. We must start asking tough questions of our politicians. Who dropped the ball? Why they dropped it, and why the obvious questions remain unanswered. Threats to our economy are serious number one issues. The enemy is coming from the Banking Sector.
The people running the money system are responsible for ALL of this BS and it's time they were made to fix it up because that was never supposed to be the people's job. We the people elect others to run the country, but obviously we have been lied to and misled about the state of the nation.
The Government's over-riding duty is to effectively MAINTAIN AND IMPROVE the general standard of living for the people. Instead, having a secure (not flash) home to live in has became a maybe event. A roof over one's head is a priority! Each state has an average of 40,000 homeless x 7 = 280,000. The lucky country? We have high unemployment - from skewed figures.
Improving the living standards of the people worst off is really the first first duty for any useful government, and thoroughly mitigating the differences in power between best and worst off would be the second.
AUSTRALIA IS NOT A PLAYGROUND FOR THE MEGA RICH.