140414 My Guardian Barnaby-Joyce-will-oppose... Comment
Tony Abbott floats raising the cap on Chinese investment, but agriculture minister says Australians have concerns
theguardian.com, Sunday 13 April 2014 15.34 AEST
"But there would be a limit of $15m on buying any agribusinesses, ...."
Hmm! You can buy LOTS of land here for $15b! But, of course, that limit is for 'agri-businesses', of which the infrastructure and improvements might - might be 20% of the value of a farm?
Still lots left to buy up large acreages!
What then, about limits on non-Australian residents buying RESIDENTIAL land?
Given all elite people of the world [and news is, there's 1st world people in China, and in every nation, called loosely, "the upper class"] have oodles of cash to spend on investment and globe-trotter-holiday city-apartments/high-end-suburb-houses/resorts//ranches, especially in the last global realty vestige/refuge - Australia - they, never have any thought nor hesitation on ethical grounds, for we, "the natives", when their investment money jacks land prices up way out of yer Mr & Mrs Av'rages' reach.
THIS, is one main reason why our industries are going under - because employees' wages have to keep rising to keep in the game against the foreign land-buyers, for a slice of their own country, merely to LIVE ON/in!
"Not surprisingly, he had reservations about foreign state-owned companies buying prime agricultural land."
But says naught about them buying prime urban and resort real estate?
Nevertheless..., albeit that Barnacle's speak-up here is mere popularity polling strutting for HIMSELF, he's a better classhole for doing so.
Makes me ask whether he's on the verge of using the same line again, that he used and rode on into the Senate 10 years ago?
What happened to your 'enlightened' "ZONAL TAXATION" Barney?
What did John Howard call it? Kevin Rudd's ALP tried to introduce it too to, better and more HONESTLY, known as "The National Land Tax".
OH! That Tax, O! John Howard's "most honest tax", which China is re-introducing in 2015!
"Velly Innerlesting?" [muttered Mao, from the grave, in Heaven]
Will China, therefore, be happy for Australia, to introduce the National Land Tax here, if they buy in to our agri-businesses?
Would, or SHOULD, seem..., to have to be, A GIVEN?
Crazymad avaricious real estate agents might complain.
So, let them complain, to the PLA! Hahaha!
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