Blog Layout
Jimmy Hoffa • Mar 27, 2020
Stimulus Package: Relieving or Demoralising?
Who is funding the government’s stimulus package? Is it a loan or generous economic relief?
Millions of Australians are predicted to lose their jobs due to the unfortunate worldwide spread of the coronavirus. The government is enforcing lockdown strategies in stages
to halt the rapid increase in coronavirus infections. These legally enforced lockdown strategies have effectively brought economic activity to a halt causing businesses to stand down their employees due to the inability to generate profit. To offset stagnant economic activity, the government have promised those in hardship financial assistance to support them through the coronavirus pandemic.
"I believe the long-term effects of the stimulus package will be more catastrophic than the coronavirus pandemic. To repay the debts, the Australian Government will have to generate more tax revenue and decrease its funding into the health, education, defence, social security and welfare. This will slow our economy’s recovery once this pandemic is under control.
The government must repay their debts to an independent bank entity known as the Reserve Bank of Australia (RBA). The RBA are legally empowered to print money and control cash flow in the economy. Also, empowered to put a cap on interest rates offered by lenders. Through the adjustment of interest rates, the RBA effectively dictates the spending of borrowers in a bid to avoid a spike in the inflation rate.
By doing so, the Australian currency strengthens, increase in employment and achieve economic prosperity. Theoretically, the RBA prevents the Australian economy from going into an abyss. But hold on a second, why does the RBA have the power to print money and loan it to the government? Wait what charge interest as well?
I believe this pandemic will expose Central Banks around the world for scavenging on people’s vulnerability during this crisis. We have queues that stretch out a kilometre outside Centrelink offices to receive financial relief, financial relief that they are expected to repay by way of taxation.
The economic mechanisms that our economy functions in accordance with are not designed to achieve economic prosperity instead are designed to keep you under financial hardship. You thought as a human being you should be afforded the right to have access to essentials necessary for survival? Hilarious.
Even if the coronavirus virus did potentially reach the point of apocalyptic devastation the system would have no regard for your life."
- AT
News Feed
Discover the benefits of Cabot Health Magnesium Complete - the ultimate supplement for optimal health and well-being. Boost your magnesium levels and improve your overall wellness today!
Discover the top 5 best security companies in Sydney and protect your business with the most reliable and trusted services. Find out which company ranks as the best in the industry.
Discover the inspiring story of Sam Ibrahim and his journey to success in this insightful article. Learn about his strategies and tips for achieving your goals.
Discover the consequences of vaping on public health in NSW as we delve into the effects of smoke-free laws and the ban on vaping in public spaces, including the impact of the controversial decision to make vaping banned in public spaces.
Valentine's Day , a celebration deeply woven into the tapestry of love, offers a special moment to express the depth of your feelings for your beloved. The quest for the perfect gift can be a journey of love in itself, reflecting your understanding and affection. To ease this quest, we present you with five unique and heartfelt gift ideas guaranteed to make your girlfriend's heart flutter with joy and make this Valentine's Day truly memorable.
When the time comes to sell your business under the National Disability Insurance Scheme (NDIS) , finding the right business broker is crucial. With numerous brokers available, it can be overwhelming to determine which ones are experienced and reliable in navigating the complex world of NDIS businesses. In this article, we will present a comprehensive list of the top 5 NDIS business brokers you should consider when selling your business. These experts have a proven track record of success and possess an intricate understanding of the intricacies involved in transferring ownership within the disability sector. Whether you're looking for guidance on valuation , marketing strategies, or negotiating deals with potential buyers, these trusted professionals have got you covered. By entrusting one of these highly recommended NDIS business brokers, you can ensure a smooth transition while achieving optimal results from your business sale. The Importance of Choosing the Right NDIS Business Broker Selling your business is a significant decision that requires careful consideration. Finding the right NDIS business broker can make all the difference in ensuring a smooth and successful sale. Here's why it's crucial to choose wisely: Expertise: A reputable NDIS business broker possesses extensive knowledge and experience in navigating the complexities of selling businesses within the disability support sector. They understand market trends, valuation methods, and have valuable connections with potential buyers. Maximizing Value: An experienced broker will strive to achieve maximum value for your business by presenting it in its best light and effectively marketing it to qualified buyers. They know how to highlight its unique aspects, assets, and growth potential while conducting thorough due diligence on interested parties to ensure they are serious contenders. Negotiation Skills: Selling a business involves negotiating various terms such as price, payment structure, non-compete clauses, transition periods, etc. The right broker will be an effective mediator who can advocate for your interests while maintaining open communication between you and potential buyers. Confidentiality: Maintaining confidentiality throughout the sales process is vital for protecting both your interests and those of employees or clients connected with your business. On aspects like financial records before passing them on prospective buyer through Non-disclosure agreement (NDA) .