what might be called "insider trading"?
There can be no doubt he would have had to pay another $200,000 in tax under the new regime he has just pushed through parliament. It has been pushed through in coalition with the watermelon crew. That the new regulations not only break election promises that were said to be "cast iron" they are, if economists are to be believed, going to harm the economy.
Of course they are being sold to us as the opposite. They are supposedly going to allow "young people" to "get their foot in the door" and "allow them to climb the housing ladder". I believe none of that.
I do not know much about economics on that scale. I have, as far as I can, to trust those who know more than I do. They know much more than I do too. I hear people who have been running successful enterprises which are making a profit and employing a growing number of people tell me "this won't work". No, explained to me I can see it won't work the way the government says it intends things to work. Their moves are going to do more harm than good.
What has really convinced me however is the behaviour of our Prime Minister. He knew what the government intended to bring in last year. He sold three properties at that time. He sold them under the "old" rules. Doing that saved him paying another $200,000 in tax. That is a lot of money. He knew it would. Was it deliberate?
He was asked this question in parliament - and refused to answer it. The Speaker ruled it out as well. It is a simple question. He could have said it was not deliberate. He could have said he was given advice to sell for other reasons. He did not. He refused to answer the question and treated the female member of the opposition who asked it with what I will politely call "disdain"...it was rather worse than that. He got away with that too.
The government has such a large majority in the lower house that he will almost certainly get away with it - at least for now. That he may be guilty of the worst form of insider training is not something even the media seems prepared to take up seriously. There have been hints of improper behaviour, nothing more and nothing less.
This morning's paper also carries a news story about a journalist who was required to remove an interview with a far right personality. I have no time for the person he interviewed but does it mean this person should be silenced? It seems the media is now doing the government's bidding. Is it also doing the bidding of the government here and keeping quiet an act which, if proven, would see a business person sent to prison?
I might be quite wrong about all this but other people are asking the same questions. Is this simply some sort of conspiracy theory that needs to be dealt with or is it a serious issue? Is it time for some answers?
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