How the Government secretly made Australians poorer

[@noelalvarez98]

Politicians or GOVERNMENT ALWAYS TELLING A LIES TO HARDWORKING AUSTRALIANS.

[@AussiePom]

Increasing taxes wouldn't see a revolt in the streets as Australians know all to well that protesting about government on masse would bring an equally draconian government response with all the people protesting being labeled as Far Right. So they can only vent their anger at the ballot box which makes little to no difference because which party out of our duopoly ends up getting into power they govern for themselves, their multi national overseas owners and their billionaire friends not for the voting people of Australia. Australia doesn't lead the world in anything for Australia follows the world with it's corrupt and bought politicians of the duopoly.

[@BunnyRabit-yo3lx]

I totally agree with the sentiment but we are world leaders in science sometimes. Don't write us off completely.❤

[@billyballsup2685]

To many gutless people to achieve anything.

[@pixelmasque]

amen 100%

[@digitallyinsane1036]

🎉

[@billyballsup2685]

@@AussiePom exactly. Senator Rennick would make a good priminister. He's a smart guy asking all the right questions but is getting basically ignore with there excuses. He does his homework as to the amount of content he has in his memory bank.

[@TheObSeRvErTheObSeRv]

Tell labor to stop screwing the COUNTRY OVER.!!!

[@Noddy2750]

How excatly are they doing that ?

[@TheObSeRvErTheObSeRv]

@@Noddy2750 by there decietful b.s, go figure.!!!

[@chrisdeason4904]

It's both sides of politics, vote the other mob in you get the same.. independents and small parties or starve

[@Alivebutnot]

It's got nothing to do with any political party. It's just part of the economic cycle. The cycle will continue until the system changes. Tax the land, not the labour of the individual. Australia is propped up by immigration. The natural birthrate is in decline actually freefall. The elderly nearly 5mil people in Australia pay minimal tax they're in retirement they pay GST but they aren't feeding a bunch of kids of paying for children so their living costs are less. Very soon the bust will kick in. The thing to watch is wages and credit creation. Let's see how creative credit gets before the next bust

[@TheObSeRvErTheObSeRv]

@@Alivebutnot your spinning me a bowel of CRAPOLA SOUP,. The GOVERMENT holds the purse strings, And it dictates what you do and dont do in this COUNTRY.!!! GROW SOME #ALLS.

[@michaelbrownjohn437]

Surely they can tax or claim royalties on the resources we export(oil, gas, iron ore etc)... currently giving most of it away for free...hundreds of billions of dollars that can benefit Australians annually (free uni, better infrastructure, build houses etc). Be like Qatar or Norway or we will end up like Nauru. Also income tax was brought in to fund world wars in the past, but they never rescinded it...why?

[@niazkamaruddeen632]

giving away 100s of billions of dolars to who?

[@michaelbrownjohn437]

​@@niazkamaruddeen632search on Google: "Norway shows how Australia can get a fair return from oil and gas," this article is only referring to the oil and gas resource. Imagine other resources combined.

[@michaelbrownjohn437]

@niazkamaruddeen632 search on Google: "Norway shows how Australia can get a fair return from oil and gas". That's not all resources, just oil and gas alone.

[@user-pi6cs3ue4s]

@@niazkamaruddeen632 The multinational corporations that give politicians high paying jobs when they retire.

[@tyronebiggums5547]

​@@user-pi6cs3ue4s don't bother answering these idiots bro, they will never understand

[@stevethewizard6502]

It's not scarey that property prices will fall. It's welcome!

[@Deano00777]

Some people don’t understand this! Even for investors, they can purchase investments for 500k, not 700ks

[@dsinghr]

Not for me. I own one

[@stevethewizard6502]

@@dsinghr I'm glad. I reckon people that own only one really aren't as bothered with price falls. Anyone who owns more than one (typically an "investment' property), will be scared out of their minds about large price falls. However, some unfortunate people that have bought just before any large price falls will definitely have buyer's regret.

[@greggoldberg1518]

@@dsinghr It will go back up in value either way, it isn't a big deal when you look at things in the longer term. The market always goes up more then it goes down and who knows, you might have the opportunity to get another one if they get cheaper. Making sure the kids have a house is more important than a temporary price drop.

[@tommyj6481]

Yes, the property prices are debt financed, and as such will fall with the weak economy. To maintain price growth, we'd need a strong economy, which we don't have at the moment. Everything can be turned around, but we need smart people in power, not Labor or LNP. Vote fresh, learn about the preference system. Vote small parties as No 1 and the your next choice. Vote smart!

[@l33tr4n55]

Aud devalued by 20% in 4 years... we are all poorer ... good luck have fun

[@k.vn.k]

Against what? If you said USD, then you were wrong. Trump has artificially elevated USD against all currencies.

[@l33tr4n55]

@@k.vn.k against USD the world reserve currency of course :)

[@briananderson7285]

Against gold

[@l33tr4n55]

@@briananderson7285 then it's worse

[@briananderson7285]

@l33tr4n55 It would appear so ,gold is a constant . Inflation during a period of recession causes stagflation.

[@greggoldberg1518]

This is NDIS carer jobs etc isn't it? The question is why is our healthcare systems so strained still if they have created so many jobs. Does half the country need a carer now or something?

[@Boababa-fn3mr]

NDIS is massively rorted. A Thatcher like figure will eventually give it the axe.

[@jez0084]

NDIS is being rorted like nothing else. Seems that every second person is now disabled and getting some obscene amount of funding. Someone has to pay for it though and who is that going to be?

[@PhilipMR223]

@@jez0084 Who is taking the money? Corporate welfare provders.

[@DavidNotSolomon]

@@jez0084 Also all the service providers jack up their prices for NDIS.

[@greggoldberg1518]

@@DavidNotSolomon True, but this is about how they are manipulating the CPI by creating employment when it is unjustified to have that many carers. People are obviously qualifying for it which should not be, raise the bar at a minimum. There is no way we should have that many healthcare employees with this much strain on the healthcare system, that is totally unjustified.

[@Dan-jt9ji]

People are having to buy investment properties to maintain a standard of living so if everything goes up gradually you'll see Australia slowly collapse global products will become more expensive

[@roberttay4517]

the stupidity of buying submarines to help america patrol the oceans n seas !!!!

[@joebloggs24]

A per capita recession is not that we're getting poorer, it's that the work we do doesn't generate as much value to the economy as it once did. So many Australians are at jobs that are menial and boring, whereas other countries are manufacturing / designing / on the factory floor which makes their economy a powerhouse (if the products sell well).

[@bGzzzzz]

I’ve seen NDIS programs whereby they have workers come to cook/clean for the resident - only thing is there’s nothing actually wrong with the client, they’re just taking advantage of of a loophole and the service provider don’t bother checking cause they’re getting paid 🙄🤦‍♂️

[@tommyj6481]

Please stop preaching raising property prices. Don't overestimate the rate cut. You cant compare 1990 and 2008 to the current situation. Back then we had a much better economy, these days fundamentals are not on our side. The debt levels were much different. Wedge growth was much higher. Back then the property market was supported by stron economic findamentals, today all of the property gains are supported purely by government policies and debt. This cant go forever, because without ecpnomic greowth, the prices cant go up forever. So you only increase debt. We need to start investing in innovation, diversify from property and migration as the main source of economic growth. Use our matural rwsources as leverage for our economy. Incentivise foreign business investment.

[@petermurphy2167]

Apprentices cannot even use a measuring tape and you want people to invest in innovation. Healthcare for self inflicted illnesses is a sure bet.

[@Ravioligreen180b]

Brilliant. I hope you are a policy officer because we need more of this kind of thinking and action

[@StefTechSurfer]

4:46 housing crisis too, Australia is a hunger games scenario.

[@chass53]

It’s definitely not a secret, get rid of labor .

[@bmx13andit52]

Don’t forget liberals greens and teals they’re all traitors!

[@lukabrahsi]

I don’t understand the property chart should it not be at an all time high or is it outdated?

[@christianjames7688]

Do you think it’s possible we could still enter a massive recession?

[@jez0084]

I hope so. It’s badly needed to reset the economy and give the country even a fighting chance of survival.

[@HP66856]

We need a recession - well and truly overdue. A healthy economy goes through ups and downs, however both sides of govt have pulled all sorts of tricks to avoid one, only delaying the pain for further down the line.

[@christianjames7688]

@@HP66856 well I hope not I’ve just landed a great job an that means redundancy’s all across including both of yours, if it’s as bad as the Great Depression

[@twitafftwitaff7029]

We are in a recession, This time it is not linear

[@christianjames7688]

@@twitafftwitaff7029 sorry what do you mean by that

[@josephmathias6468]

Put this straight talk on the news at 6!!

[@tschannelrph]

Thanks Well explained sir! ❤

[@Sr24255]

It’s Australia with 90%empty land

[@KuriosDiogenesJar]

Parents are doing dramatically less event based birthdays for their children. Less gst and defunct businesses. They will have to invent DEI jobs for displaced workers or pay unemployment benefits.

[@deanwimbridge9318]

Thanks

[@dale8957]

support worker here, and I can say some people really need help and I've experienced a lot. I can also say some people don't need an NDIS package at all as they are capable of living independently. I can say Autism has increased a lot over the years and I've read theres forever chemicals found in our water which have a link to Autism before birth

[@Ben-zv7ph]

Also heavy metals in the spikey thing they give to babies.

[@devzy844]

True investors ride the wave up and all the way down, its the long game thats in play. Negative gearing will ease some losses, the only people really affected are the ones on the sidelines speculating.

[@Bahriilkay]

The team behind Wexxo knows exactly what the gaming industry needs.

[@johnnysun79]

Thank you for the video. I learn a lot

[@MM-qq8eu]

Real world people know the dire circumstance Australia is in. Thanks to this,and every consecutive government since the end of W.W2 Corruption at every level and holding the Australian taxpayer to ransom.

[@JoeyBlogs007]

But that's whe whole point of raising interest rates. i.e. to collapse the economy. Nothing new there.

[@StefTechSurfer]

7:00 strata is heavy though.

[@deniz6476]

Love your content Nero. Do you mind making your videos a bit longer ❤

[@InvestmentRiseTV]

I'll do my best, thank you for the support

[@StefTechSurfer]

Just bought my unit 8 months ago and now need to probably sell. No IT jobs.

[@rvajna]

Yes it is stuffed and is relected in the stockmarket.

[@margarethennessey5182]

The money tis PM could cost us money. Disgusting piece of work.

[@BunnyRabit-yo3lx]

It's why we need to tax the megawealthy (billionaires), large corporations and put an end to tax evasion in the top tax brackets. Where the super wealthy don't draw an income we need to legislate other ways to tax their assets. There are those that are so wealthy they really don't know where to go with their money. Would like to hear your opinion on the movement started by Gary Stevenson (book "The Trading Game.) He's a UK economist turned activist. He says if we don't stop the wealth tranfer soon we will lose the middle class and the way to do it is to tax the mega rich.

[@ChickityChicken]

Anecdotally, I have never seen people spend so much at the shops recently. People around me are going on holidays left right and centre.

[@keathy1960]

Illusion mate open your eyes. Credit Card use has skyrocketed. Inflation. It's a planned take down 👇 Only going to get worse 😮

[@Noddy2750]

​​@@keathy1960 Over 1.2 billions on boxing Day sales Just boxing Day And the cruise industry reckon they are going to have a bumper year in Australia Yea people are broke !

[@keathy1960]

@@ChickityChicken Credit Card debt. The government lies about everything

[@jez0084]

Yep I’m seeing the same thing in Brisbane. I can’t believe the level of wealth people have up here. I’ve never seen things busier and never seen more money spent. Every second person has a new car and is doing an expensive reno on their house yet I keep hearing how tough people are doing but see absolutely no evidence of it anywhere in Brisbane.

[@Ravioligreen180b]

​@@jez0084exactly. I don't see anyone doing it tough in brisbane

[@Mysay9962]

Thanks for that great explanation

[@MickReeves-qr3px]

It's worse than that, there's clingons on the starboard bow

[@StefTechSurfer]

3:50 where tf are all their assets, sold to China?

[@MansurFatih-c9l]

Wexxo’s vision for AI-powered gaming is truly groundbreaking.

[@KellyLithgow-t3i]

Labor yep corrupt dirty players, us hard working tax high,everything!!!

[@PaulHaymanHayman]

Working man had it really good when Gough Whitman was in Power and plenty of money and the price of petrol was cheap

[@GamzeNur-g2n]

I’ve seen many projects, but Wexxo stands out for its focus on AI-powered gaming.

[@Bbbcccd]

The reserve bank made us all poorer. the federal government actually gave us a tax break to deal with the reserve bank decisions

[@JEFFEREYBerry]

Gaming and AI are a perfect match, and Wexxo is proving it.

[@drevil7684]

Good video. Well said 👏

[@addictiveaussie]

Everyone cheering for a February rate cut. I'd suggest highly unlikely given overnight going's on I. the US, however if they do lower, it will be a huge mistake given the AUD's current predicament, and will lead to a rapid reversal and likely even higher rates to come due to the consequences of lowering too early. Powell already repeated the mistakes of Arthur Burns

[@barankarpat3327]

Pensioner are struggling more than ever

[@petermurphy2167]

Green/labour have cut supply so property prices have to rise.

[@dekumutant]

Our economy is doing better than most western countries right now. Its just not something anyone here would ever focus on lol

[@dsinghr]

That’s what this whole video is about. Lol. It’s not doing good. It’s just job creation in govt sector and immigration. We already already in per capita recession and that’s the metric that really matters

[@jez0084]

Is it really? How is creating a heap of unproductive jobs in areas like NDIS so the tax payer can continue getting scammed be good for the economy?! Someone has to pay for it eventually.

[@julesmarwell8023]

AS LONG as present and past ALP PM. RETIRE IN THEIR MULTI million dollar mansions, or the multi million dollar pig farm or in theIR city block ALL IS WELL

[@jasonbenic6324]

the only thing he seemed to me to say about how that happened is they created more goverment jobs so employment looked good but govermnet jobs are payed for the by the tax payer. he might have mentioned another reason but theres a full or half summery, and then says why u can still profit off buying or selling houses to make profit (is it moral to monopolise something essential for existance during a shortage for profit ?? (4 xtras that are not essential like a house is for thge individual?)

[@ulrichsherry7092]

Australia is a slow motion train wreck. Homes are about to transfer from an asset....to a liability.

[@Denailer]

I agree with you

[@STEVENZeng-x3o]

AI gaming by Wexxo is a next-level concept.

[@ZoraidaHulsey]

Wexxo presale is your chance to get in early.

[@StefTechSurfer]

2:10 aging population?

[@HERMANHickman-b1d]

Wexxo’s AI gaming narrative is attracting serious attention from investors.

[@AhmetHalil-qu6ks]

Wexxo’s use of blockchain and AI is impressive-this project has legs.

[@jass7899]

Two rates cuts, will get all the people on the sidelines to jump in

[@KingLoa-t1n]

There will be no rate cuts this year I assure you lol!

[@jass7899]

@KingLoa-t1n let's see in a couple of weeks

[@Itsokay.nottobeokaaaay]

@@KingLoa-t1nthere ABSOLUTELY will be cuts, and soon. Make sure you have realestate before they cut the rates. It’s going to be so awesome the house prices will start booming again.

[@Itsokay.nottobeokaaaay]

@ it may not be Feb. but it absolutely be this year. Hopefully it’s Feb because I want the market to inflate hard.

[@redgatecrt]

Why would they cut interest rates? The economy is still running fine, unemployment is still very low and inflation is still above average. There will no cuts at this stage

[@TheCharger189]

Fleecing the taxpayers

[@petermurphy2167]

When a bussiness goes broke owing millions that means they have not paid suppliers and ATO.If paid those suppliers would pay gst and income tax on that income. Those company's have been trading while insolvent for a long time to build those liabilities.

[@samsule8339]

Search wealth inequality

[@LorettaParry-c4t]

The Wexxo presale is a no-brainer for gaming enthusiasts.

[@thamwisai1]

Feels like Death by a 1000 cuts these last few years

[@rodmunch1012]

Because it is. Some people realise after the first cut. Some people only realise after 1000 cuts. And everyone else is somewhere in between.

[@claire6224]

Australian must remember Federal and State Liberal / National government never expect the Australian to pay their debt they reduce their debt and borrowing and support private and public sector. sector. They don’t waste and increase taxes everything are in their budgets they still cut taxes, interest rate, red tap, tarrif and energy prices just like Trump is doing. Compare to today Australia were still better off under the Liberal /National coalition government just like America under the Republican lead to prosperity for all.Democrat and Labour policies lead to poverty for all it affect the Elistes when the middle class are crush.

[@SR-pr2xz]

Recently 😂 Victorian gov been making the state poorer since labour came to power. Thk god i left in 2000. It has turned to a complete cesspool since around 2015. Would not come back to live

[@stevethewizard6502]

Wow, the conclusion is no guarantee at all. We live in different times!

[@greggoldberg1518]

I tried everything you suggested Steve and it still wouldn't let my comments through. I have been fact checking sky too often maybe in their comments. Trying on this comment thread. Official Trustee Practice Statement 8 which explains the treatment of debts in bankruptcy by the Australian Financial Security Authority. Go to the Administrative consideration

[@greggoldberg1518]

Grrr. Official Trustee Practice Statement 8 which explains the treatment of debts in bankruptcy by the Australian Financial Security Authority in the administrative consideration section.

[@greggoldberg1518]

No matter what I do it won't work, I will just try directly link it, it is in Administrative Considerations: www.afsa.gov.au/professionals/resource-hub/practice-guidance/treatment-debts-bankruptcy

[@stevethewizard6502]

@@greggoldberg1518 thanks, I'll check it out.

[@YaseminMehmet-i5t]

AI-powered gaming by Wexxo will change everything.

[@todorp4056]

Divide growth on inflation and voila its a *recession*

[@ScottHoneycutt-h2b]

Wexxo could set a new standard for gaming and crypto projects.

[@marcchuck-you-farleytrembl2145]

Sounds like Canada

[@PollyDollyBabe]

What government. Seriously

[@TrudiJurado]

The Wexxo presale is one of the most exciting opportunities I’ve seen in a while.

[@AyseBerna]

Wexxo has the perfect mix of AI innovation and gaming potential.

[@tonyp2865]

That GDP graph looks like Wake in Fright and then flat lined.

[@Sterlingscamers]

We have been in a recession for a while what's coming is the World's greatest depression

[@gregchijoff9959]

The only way out of this morass is for savers to put their money into gold and Bitcoin.

[@Noddy2750]

If we are so broke how can people afford Bitcoin or Gold !

[@DavidNotSolomon]

Most Australians have no savings - only massive debt.

[@SerkanElif]

Wexxo is the perfect AI gaming project.

[@MatthewPodetti]

Money printer goes buurrrr

[@anthonycoyle2889]

Or they just tax capital gains at full rate and

[@nigelbarry4048]

It’s called faking the numbers.

[@twitafftwitaff7029]

Inflate the money supply into the stratosphere and the end result is high Inflation IE Your time and productivity is being stolen by your friendly federal government, in the form of making every dollar worthless 🤣

[@Tonysia-y]

Record Christmas spending . . . again. Cars and TV's just get bigger an bigger. Share market at new record. Sport and music venues full. Young people set to inherit 10 trillion dollars over the next 10 years. Only 5% of people are in extreme poverty. The rest are comfortable or awash with cash. Your trying to convince us we are poor to effect a change of government..

[@REYNALDOZambrano-f4z]

Wexxo tokens have serious long-term potential.

[@TUANCastanon]

Wexxo’s AI-driven approach is what sets it apart in the crypto gaming space.

[@mattk-kf9fx]

Blah blah heard it all before. This is all happening by design. Stand up and revolt or just accept it…

[@TimurErkan-n7x]

Gaming innovation starts with Wexxo.

[@MikeSadlerAU]

Unbelievable. You equate inflation after COVID with 'quantative easing' (printing money) when there's no evidence that happened. The largest influx of government funds EVER to hit the economy, with zero growth (and bugger all activity) produced lower inflation, CPI, and GDP growth. So much for the Chicago school fallacies. There were supply side issues (duh; the world shut down and stayed home) which meant production could not meet demand, ergo the cost of goods increased. If you cannot get even this simple fact right, I understand why your other predictions are just fiction. If you think Governments with a fiat currency like Australia need to 'increase tax' to provide jobs, you've also got the cart before the horse... creating government jobs does not stimulate inflation.... unless of course you're claiming there's a bunch of private sector corporations who are clamouring to provide services on a non-profit basis for e.g. aged care homes. Seriously?

[@RandyHerrington-y9b]

Investing in Wexxo feels like being ahead of the curve.

[@adriansmith7604]

Recession here now

[@VideoAssociates]

Too much for retirees... Too little for working people

[@petermurphy2167]

Retirees have paid their way ,the roads ,infrastructure, hospitals etc have been built by people during their working life

[@VideoAssociates]

@petermurphy2167 pensions much larger now, as is life expectancy, and more people than ever before drawing on the pension, some have put in enough tax during their working life but many would be short on tax paid

[@petermurphy2167]

@VideoAssociates luckily most boomers are self sufficent as they started working a lot earlier, but in future we will have a lot of people leaving the work force early due to obesity.

[@monwell250]

Debt culture

[@tonechowdhury3739]

Struggling and stagnant it's dead it is a recession no one's spending people are at the stage where they need to do only fans😂

[@garrymcdougall9481]

property. property. Mate, YOU and your speculators ARE the problem.

[@rhysmeredith8917]

Why are you whispering?

[@nestortan4040]

It is struggling too many immigrants

[@pedrocornejo6744]

Making poorer and WOKES

[@mohamadafyouni5556]

"In 1990, the interest rate was 18%, which was roughly half of the average yearly wages for most people. Currently, interest rates are around 6-8%. and that’s 97% of the average income now With this significant difference, it's unlikely that home values will increase substantially. The dynamics of the market have changed, and in some areas, home prices could drop by 40 to 60%, rather than just 5%."

[@redgatecrt]

????? We have a housing shortage Hello, supply and demand. Even with low wages, who will pick up the slack? Super funds and hedge funds!!!! You need to watch and listen to our senate hearings and inquiries. Wake up!!!!!

[@redgatecrt]

Property prices are not and won’t be going down any more than 5% before they continue to climb

[@mohamadafyouni5556]

While home prices may rise further from their current levels, a correction is necessary first. Many people can no longer afford to buy a house, and cautious investors are proceeding carefully. Reflecting on the 1990 recession, home prices decreased by 5-10%. Back then, people were still able to manage with wages that were half their earnings after an 18% interest rate If we were to see interest rates rise to 10% now, the housing market could crash in an instant. Currently, at a 6% interest rate, many are dedicating a significant portion of their wages to home payments on minimum average houses. A correction could occur between 2026 and 2030, but it is on the horizon unless wages increase to $200,000 a year.

[@redgatecrt]

Property is the only game in town. You may want to rethink your analysis

[@redgatecrt]

⁠ IF a correction does occur, you have to ask why? The masses don’t have cash flow? Why? They don’t have work? So they they can’t buy anyway. Again who will snap up bargains? Investors

[@Noddy2750]

More Bollacks !

[@pb9040]

Immigration Labor government

[@MetinBurcu-z5l]

The AI gaming revolution starts with Wexxo!