By Andrew Mackinnon
Last updated: 24th November, 2021
The way to create jobs in Australia is not for the Australian government to predominantly spend billions of dollars on infrastructure projects, thereby creating a disproportionately small number of constructions jobs and associated administration, accounting, management and other jobs, while delivering excessive and undeserved super profits to the entities which deliver the infrastructure projects, such as Australian companies, all at the expense of taxpaying Australian citizens.
The way to create jobs in Australia is for the Australian government to establish a publicly-owned Australian Federal Bank, which operates on a not-for-profit basis by not charging interest on the money it lends (although a rate of less than 1% would need to be charged to cover the incidence of borrowers defaulting on loans) and by funding its operating costs via account-keeping fees and transaction fees, and for the Australian government to ensure that there is enough money in circulation to support the economic activity of Australian citizens by
> increasing and decreasing the size of the money supply in Australia by increasing and decreasing the amount of principal that the Australian Federal Bank is allowed to lend to Australian citizens, Australian businesses (such as sole traders, partnerships and companies) and Australian not-for-profit entities (such as churches) for different types of loans, expressed as a multiples of the incomes of Australian citizens, multiples of the profits of Australian businesses (such as sole traders, partnerships and companies) and multiples of the operating surpluses of Australian not-for-profit entities (such as churches). These multiples should be different for different types of lending, such as mortgages, personal loans, business loans to sole traders, partnerships and companies and loans to not-for-profit entities.
> creating money and spending it into circulation, such as by building infrastructure, without delivering excessive and undeserved super profits to the entities which deliver the infrastructure projects, such as Australian companies.
> creating money and giving it to Australian citizens in proportion to the net amount of taxation that they have paid over their lifetimes, defined as taxation paid over their lifetimes minus money given to them by the Australian government over their lifetimes.
By deliberately increasing the size of the population of Australia via immigration of non-white people into Australia from China, India, other Asian countries, Muslim countries and African countries, the Australian government has deliberately ensured that there are more people in Australia competing against each other for jobs, thereby increasing the incidence of unemployment in Australia.
By deporting non-white non-citizens of Australia, the Australian government could ensure that there are fewer people in Australia competing against each other for jobs, thereby decreasing the incidence of unemployment in Australia.