i often see white knight asking for various benefits to be increased.

does this help the poor?

when the government just print money and hand it out , the poor spend it and at the end of the day, have not increased their wealth

wealth is about holding assets (real estate and shares in profitable companies)
rich people understand that you concentrate on assets not money

what happens to assets when the government print money
they go up

we have seen real estate double and the stock market double in the last 7 years .

all that extra cash is enriching the already rich and does nothing for the poor.

what would be better for the poor then cash?

assets!!!

i  support superannuation as one way to increase  the wealth of the poor (super holds property and shares).

but increases in government handouts do one thing.

they make the rich richer because the money is spent, and those with the assets reap ALL of the long term benefits

It would help the poor if Albo didn't piss all our money against the wall.

$450 million on a YES vote.

$365 billion on 8 nuke subs when they only cost between 5 to 10 billion each.


$1.2 billion to Ukraine when we are nowhere near Europe.

45 Taipan helicopters bulldozed into the ground when Ukraine wanted them
and there was nothing wrong with them -
just the Australian designed helmets caused the trouble.   ::)

https://www.theaustralian.com.au/special-reports/taipan-helicopters-gone-but-not-forgotten/news-story/14389563f8f805fe768fdf2abe1157a6

https://www.youtube.com/watch?v=_TUVXfM1nqo

Sir lastnail wrote on Jan 1^st, 2025 at 3:57pm:

https://www.youtube.com/watch?v=_TUVXfM1nqo

Excellent video Nail.

Children born this millennium will never own a house
unless their parents buy it for them.

https://m3.gab.com/media_attachments/86/c0/3a/86c03a2615c39880d35a586b18f4458a.png

Bobby. wrote on Jan 1^st, 2025 at 4:20pm:

Excellent video Nail. Children born this millennium will never own a house unless their parents buy it for them.

Staying with rellies in Italy most people live in 3 storey homes and each level is a generation of that family. As one generation passes another takes its place and so on. They don't have to purchase their own home so there is no pressure to pay a mortgage. Each persons ability to earn money dictates their lifestyle.

heres a simple example bobby.

say the government increase the dole by $50 a fortnight (borrowed money of course, they arent increasing taxes to pay for it).

now the person on the dole owns no shares, owns no real estate.

they have a bit more cash so their landlord can now squeeze a bit more out of them for rent.
and the might buy some coca cola, go to maccas, go to woolworths and spend their extra 50.
they wont save it (probably).

now who owns the rental property, who owns shares in coca cola amatil and woolworths?

a rich guy (maybe me  :)).

so i just got more wealthy

the poor person did not


the government pretend to be helping the guy on the dole but without him owning any assets, the government is just helping me.

you know what?

i cant spend what i already have

i'd rather they helped the poor.

maybe set up a super plan for those on the dole and put the $50 in that.

that wont help me but it would actually help the poor

You can't eat or drink an asset.

aquascoot wrote on Jan 1^st, 2025 at 4:57pm:

heres a simple example bobby. say the government increase the dole by $50 a fortnight (borrowed money of course, they arent increasing taxes to pay for it). now the person on the dole owns no shares, owns no real estate. they have a bit more cash so their landlord can now squeeze a bit more out of them for rent. and the might buy some coca cola, go to maccas, go to woolworths and spend their extra 50. they wont save it (probably). now who owns the rental property, who owns shares in coca cola amatil and woolworths? a rich guy (maybe me  :)). so i just got more wealthy the poor person did not the government pretend to be helping the guy on the dole but without him owning any assets, the government is just helping me. you know what? i cant spend what i already have i'd rather they helped the poor. maybe set up a super plan for those on the dole and put the $50 in that. that wont help me but it would actually help the poor

You wont make people rich by giving them money, Education is the only thing that can fix it. I'm talking about educating our children about money and living within your means.

greggerypeccary wrote on Jan 1^st, 2025 at 5:00pm:

You can't eat or drink an asset.

Have enough assets and you can eat and drink whatever you want.

Leroy wrote on Jan 1^st, 2025 at 5:08pm:

greggerypeccary wrote on Jan 1st, 2025 at 5:00pm: You can't eat or drink an asset. Have enough assets and you can eat and drink whatever you want.

That doesn't apply to the people aquascoot is talking about.

"What the poor dont Understand about wealth."

The poor often live hand to mouth.

Giving them assets is a wonderful idea, but they need food and shelter to survive.

average income world wide $8,700 per annum
aged pension $ 29,700 per annum.
unemployment benefit $21,700 per annum
our poor need money diverted into wealth creating assets

they dont need more money for discretionary spending (unless you want me to get even wealthier and i dont need it)

i would add, i think those 2 payment totals need to be flipped.

ie give

29 k for the unemployed
21 k for the aged pensioner

the elderly dont need as much money , they are winding down but an unemplyed person has expenses around looking for work

aquascoot wrote on Jan 1^st, 2025 at 5:33pm:

average income world wide $8,700 per annum aged pension $ 29,700 per annum. unemployment benefit $21,700 per annum our poor need money diverted into wealth creating assets they dont need more money for discretionary spending (unless you want me to get even wealthier and i dont need it) i would add, i think those 2 payment totals need to be flipped. ie give 29 k for the unemployed 21 k for the aged pensioner the elderly dont need as much money , they are winding down but an unemplyed person has expenses around looking for work

Tend to agree with you there.

aquascoot wrote on Jan 1^st, 2025 at 5:33pm:

average income world wide $8,700 per annum aged pension $ 29,700 per annum. unemployment benefit $21,700 per annum our poor need money diverted into wealth creating assets they dont need more money for discretionary spending (unless you want me to get even wealthier and i dont need it) i would add, i think those 2 payment totals need to be flipped. ie give 29 k for the unemployed 21 k for the aged pensioner the elderly dont need as much money , they are winding down but an unemplyed person has expenses around looking for work

Pensioners would just go on unemployment.

Leroy wrote on Jan 1^st, 2025 at 4:50pm:

Bobby. wrote on Jan 1st, 2025 at 4:20pm: Excellent video Nail. Children born this millennium will never own a house unless their parents buy it for them. Staying with rellies in Italy most people live in 3 storey homes and each level is a generation of that family. As one generation passes another takes its place and so on. They don't have to purchase their own home so there is no pressure to pay a mortgage. Each persons ability to earn money dictates their lifestyle.

Wogs are smart like that.

Next door to where was living living once -
the Wogs from Italy built a large granny flat for their parents.
When their parents died their kids moved in to that granny flat.

aquascoot wrote on Jan 1^st, 2025 at 3:38pm:

i often see white knight asking for various benefits to be increased. does this help the poor? when the government just print money and hand it out , the poor spend it and at the end of the day, have not increased their wealth wealth is about holding assets (real estate and shares in profitable companies) rich people understand that you concentrate on assets not money what happens to assets when the government print money they go up we have seen real estate double and the stock market double in the last 7 years . all that extra cash is enriching the already rich and does nothing for the poor. what would be better for the poor then cash? assets!!! i  support superannuation as one way to increase  the wealth of the poor (super holds property and shares). but increases in government handouts do one thing. they make the rich richer because the money is spent, and those with the assets reap ALL of the long term benefits

Little people like white knight dream of having a million or two.
That all know what they would do with it, it is all the same - house, car, holiday, gift to the kids.

But what would they do if they were responsible for $800 million and a workforce of thousands across a dozen businesses?

Paralysed.

WHITE KNIGHT is like Robin Hood. He who steals from the Rich and gives to the Poor.

I'm better than that.
I steal from the bad rich and give to the good poor.
I protect the good rich, from the bad poor.

This is why its important to join the good unions of Australia.  They help workers by making sure the pie is divided up more fair.   :)   

If your Union  Argues for increased  Super annuation

Or if your Union argues forMembers to be given shares in the companies they work for

This is going to build real wealth for the worker

If the Union argues that governments should merely print more money
Out Of thin air
And give cash bonuses 4 things like
Electricity bill relief

This  Is just going to put more money into the system
And inflate the price of assets
And make me richer
And the poor will see housing Etc more out of reach

Be smart in what you ask for white night

Bobby. wrote on Jan 1^st, 2025 at 6:51pm:

Wogs are smart like that.

Compared to you, everyone is smart

whiteknight wrote on Jan 2^nd, 2025 at 6:56am:

This is why its important to join the good unions of Australia.  They help workers by making sure the pie is divided up more fair.   :)

They also take money from the workers and donate it to the labor party. Everyone gets a piece of the pie.

Here’s a couple of interesting statements hubby has been making in past couple years….
1. There’s no way wound could’ve done now, what we did back then (20-40 years ago)
2. It seems nowadays we need to hang on to what we’ve got …(broke government = rising costs in many ways, extra all types taxes lopped onto us, blah blah blah  >:()

He feels that… as us boomers age with our assets, the government want what we have!

Already people are selling their investment properties… the rising costs meaning rising rents are making it unpleasant for all. But government get bonus CGT and stamp duty on sales of houses!
So a dump of houses being sold means less rentals available … and that means many will have to learn to do what the Italians did… multi generations in one place.

In past, what we noticed in the rental game… many couples that had started a family (whereas one parent stops work to care for new born) meaning one wage isn’t going to suffice.
They give notice they will leave to go live with their parents to try and save money hopefully for a deposit for their own home one day.

And my conclusion lately… re: our State (Vic) govt. leading us into billions more debts…

All the money coming their way will never improve their bad management … it hasn’t up to now…
They don’t know how to spend wisely, or budget correctly.
They are bad business … very bad.
Pilfering so much … so many new bs taxes. Even doubling FB levy in our insurances!
And pot holes in our roads are still horrendous!

Real estate prices are interesting

The hundreds of billions of dollars pumped into the economy
For the covid response
For the N DIS
For all sorts of cash splashes

As an example I can now travel on public transport for 50 cents
My latest electricity bill was $0 thanks to a ludicrous political bribe
From the Queen's land labour party

All of this money is just made up
The government just print    This money
And it passes through the hands of the poor
Before finding a home in the only places it can find a home

Real estate and shares

I honestly don't need my real estate values to go up
At some stage my 5 grandchildren we'll need to buy a house
And making people like me richer by dumping cash in the economy
Is ridiculous

And no taxes have not Increased

Governments continually cut taxation to buy votes

A gain this helps the poor very little
But gives me even more money I cannot spend

It is time to reduce government spending
Which should be called by a different name

It should be called government bonuses to the rich
Because they are the only people who benefit from Big government spending

That it's a privilege reserved for the rich?

John Smith wrote on Jan 2^nd, 2025 at 7:45am:

Bobby. wrote on Jan 1st, 2025 at 6:51pm: Wogs are smart like that. Compared to you, everyone is smart

Yeah - well - there are Core and Non-C ore Smartness in WOGs you understand..

Grappler Truth Teller Feller wrote on Jan 2^nd, 2025 at 9:26am:

That it's a privilege reserved for the rich?

I am beginning to believe so grappler

I think the only way the poor can ever get out of the cycle
Is a drastic decrease in government spending
And a balanced budget
If that requires increased taxation on people such as myself
Fair enough

But if we look at AustraliaEurope and particularly the united states
The more trillions of dollars governments pump into the economy
The more the wealth gap increases

As I say money can onlyEventually find a placeTo rest in real estate
In shares in profitable companies
In art
In gold and silver

The prices of all of these assets go up and up and up as more money is available in the economy

And who owns those asset classes

The rich and particularly the very rich

Government spending is a scam designed To make the rich richer

aquascoot wrote on Jan 2^nd, 2025 at 9:02am:

Real estate prices are interesting The hundreds of billions of dollars pumped into the economy For the covid response For the N DIS For all sorts of cash splashes As an example I can now travel on public transport for 50 cents My latest electricity bill was $0 thanks to a ludicrous political bribe From the Queen's land labour party All of this money is just made up The government just print    This money And it passes through the hands of the poor Before finding a home in the only places it can find a home Real estate and shares I honestly don't need my real estate values to go up At some stage my 5 grandchildren we'll need to buy a house And making people like me richer by dumping cash in the economy Is ridiculous And no taxes have not Increased Governments continually cut taxation to buy votes A gain this helps the poor very little But gives me even more money I cannot spend It is time to reduce government spending Which should be called by a different name It should be called government bonuses to the rich Because they are the only people who benefit from Big government spending

Which taxes are you referring to?
And as far as I recall… the guvment give with one hand… then take with another.

aquascoot wrote on Jan 2^nd, 2025 at 9:42am:

Grappler Truth Teller Feller wrote on Jan 2nd, 2025 at 9:26am: That it's a privilege reserved for the rich? I am beginning to believe so grappler I think the only way the poor can ever get out of the cycle Is a drastic decrease in government spending And a balanced budget If that requires increased taxation on people such as myself Fair enough But if we look at AustraliaEurope and particularly the united states The more trillions of dollars governments pump into the economy The more the wealth gap increases As I say money can onlyEventually find a placeTo rest in real estate In shares in profitable companies In art In gold and silver The prices of all of these assets go up and up and up as more money is available in the economy And who owns those asset classes The rich and particularly the very rich Government spending is a scam designed To make the rich richer

As I wrote earlier… they are bad at management, bad at business, can’t budget.

Our youth won’t be able to invest in real estate… it’s even eye watering prices for my liking!
But they are moving into stock market and coin investment.
Diversifying at best.
It gives them hope and an interest with investing.

Sophia wrote on Jan 2^nd, 2025 at 9:48am:

aquascoot wrote on Jan 2nd, 2025 at 9:42am: Grappler Truth Teller Feller wrote on Jan 2nd, 2025 at 9:26am: That it's a privilege reserved for the rich? I am beginning to believe so grappler I think the only way the poor can ever get out of the cycle Is a drastic decrease in government spending And a balanced budget If that requires increased taxation on people such as myself Fair enough But if we look at AustraliaEurope and particularly the united states The more trillions of dollars governments pump into the economy The more the wealth gap increases As I say money can onlyEventually find a placeTo rest in real estate In shares in profitable companies In art In gold and silver The prices of all of these assets go up and up and up as more money is available in the economy And who owns those asset classes The rich and particularly the very rich Government spending is a scam designed To make the rich richer As I wrote earlier… they are bad at management, bad at business, can’t budget.

Without all the subsidies and props creating a dependent population, the market will revert to true market pressures - which inevitably means lower costs.  No money in housing investment - no market .... so the question is'which way to go about it' - cut off rental assistance and buyer subsidies (how many 'investors' are STILL getting First Home Buyers etc through sneaky means?) - and the market dries up... control the madness of the banks' according 'equity' to a house bought a week ago when no such equity exists (below prime lending) and thus being allowed to generate their own massive profits alongside ever-rising costs of buying a home etc (in concert with the equally self-serving government immigration and housing policies) ... and the market will fall after first coming to a halt in rises.

Giving endless wage rises to try to catch up with cost rises is never going to work - but will only leave more and more in tent cities.

It's my long-running argument of cutting or halting cost rises first and then looking at incomes, as well as true tax reform for a change.

Sophia wrote on Jan 2^nd, 2025 at 9:52am:

Our youth won’t be able to invest in real estate… it’s even eye watering prices for my liking! But they are moving into stock market and coin investment. Diversifying at best. It gives them hope and an interest with investing.

Call me wrong - I've been wrong before - but I find 'blue chip' investment a costly venture for a very slow and low return.. it's all well and good to say 'Oh - my Silicom shares are now $129.72!' - but that's not money and Silicom is paying you $2 a share dividend a year - 250 odd years to get it back - Silicom (under the usual terrible management leaving the bosses and big investors with billions and you nothing) crashes tomorrow or the government mandates opposition to chop out their total control of the market - and down they go... start-up companies MIGHT yield big increases - most go under..... coin investment gives me the willies... it's a pyramid scheme writ large ... unless you can sell you get nothing and you can't eat 'my PieceCoin is up to $280,000 a glob!'

They've given up trying to sell Bitcon to me.... and unless you are a 'controlling interest investor' - i.e. those who actually set up Silicorp/Silicom with millions of shares amounting to a 51% OWNERSHIP and the 'jobs' at the top of the pile as well (money not recoverable in a crash since it's 'legitimate expenditure') compared to your several thousand and zero right to regain your cash upon failure............ I'd be very wary.

But then - I've been wrong in the past.... salaam ... I'll just have to die poor.

It may be slow returns but for those that want to put some hope into shares/coins… it’s an interest for them… some pay good within a year… for instance last year XRP was a good tip off 12 months ago under $1 and then it went to $4
My son’s friend put $10K and his efforts brought him $40k in 12 months!
Sure there’s risks but I’m not into putting 10K … I did put in a little and wish I did put in more (after the fact  ;D)
I’m reading up about predictions, from 2 years ago and seeing what they got right.

But on the whole, long term it is, and yet it teaches the young to tune in and be interested how money works on the exchange.
Some virtues taught …A bit of hope, anticipation… and patience.
Nothing ventured, nothing gained.

Sophia wrote on Jan 2^nd, 2025 at 1:26pm:

It may be slow returns but for those that want to put some hope into shares/coins… it’s an interest for them… some pay good within a year… for instance last year XRP was a good tip off 12 months ago under $1 and then it went to $4 My son’s friend put $10K and his efforts brought him $40k in 12 months! Sure there’s risks but I’m not into putting 10K … I did put in a little and wish I did put in more (after the fact  ;D) I’m reading up about predictions, from 2 years ago and seeing what they got right. But on the whole, long term it is, and yet it teaches the young to tune in and be interested how money works on the exchange. Some virtues taught …A bit of hope, anticipation… and patience. Nothing ventured, nothing gained.

The trick is to cash in at the right time.  Take the money and run - don't have regrets if it goes higher... many do that and then crash to earth.  It's the strangest market - the price of a share depends on how much demand there is for it - so you get in early, buy cheap - and IF it rises to a certain point - cash in and start again.  You must never confuse the current value of your shares with profit.

I'm going to be doing it myself soon.

On the topic I believe one thing the poor don’t understand is how Dutton can forget he has a multi million dollar property and fail to declare it and absolutely nothing happened to him?

Try that on Centrelink and watch your arse get hauled into court for fraud!

Grappler Truth Teller Feller wrote on Jan 2^nd, 2025 at 3:39pm:

Sophia wrote on Jan 2nd, 2025 at 1:26pm: It may be slow returns but for those that want to put some hope into shares/coins… it’s an interest for them… some pay good within a year… for instance last year XRP was a good tip off 12 months ago under $1 and then it went to $4 My son’s friend put $10K and his efforts brought him $40k in 12 months! Sure there’s risks but I’m not into putting 10K … I did put in a little and wish I did put in more (after the fact  ;D) I’m reading up about predictions, from 2 years ago and seeing what they got right. But on the whole, long term it is, and yet it teaches the young to tune in and be interested how money works on the exchange. Some virtues taught …A bit of hope, anticipation… and patience. Nothing ventured, nothing gained. The trick is to cash in at the right time.  Take the money and run - don't have regrets if it goes higher... many do that and then crash to earth.  It's the strangest market - the price of a share depends on how much demand there is for it - so you get in early, buy cheap - and IF it rises to a certain point - cash in and start again.  You must never confuse the current value of your shares with profit. I'm going to be doing it myself soon.

When the shoeshine boy tells you to buy shares it's time to sell.