By Andrew Mackinnon
Last updated: 21st August, 2024
All of the things in Australia that should be zero…
> Interest rates in Australia should be 0%.
Australia needs a publicly owned, federal “Australian Bank” that operates on a not-for-profit basis and lends to Australian citizens, Australian businesses and Australian not-for-profit entities, for mortgages, personal loans, business loans of all types and sizes and loans of all types and sizes to not-for-profit entities, without charging any interest on this lending to Australian citizens, Australian businesses and Australian not-for-profit entities.
However, various rates of around 1% or less would need to be charged by the Australian Bank on all lending by the Australian Bank to Australian citizens, Australian businesses and Australian not-for-profit entities, in order to cover the various incidences of default on loans to Australian citizens, Australian businesses and Australian not-for-profit entities.
This Australian Bank should operate on a not-for-profit basis and cover its operating costs by charging account-keeping fees and transaction fees, paid by Australian citizens, Australian businesses and Australian not-for-profit entities, who and which use the Australian Bank, which account-keeping fees and transaction fees should be limited to covering the actual costs incurred by the Australian Bank to administer the accounts of Australian citizens, Australian businesses and Australian not-for-profit entities and to process the transactions of Australian citizens, Australian businesses and Australian not-for-profit entities.
The size of the money supply in Australia can be increased and decreased to control inflation by increasing and decreasing the total amounts of principal that the Australian 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 and charities), expressed as higher and lower multiples of the incomes of Australian citizens, profits of Australian businesses and operating surpluses of Australian not-for-profit entities.
These multiples should be different for different types of borrowers, such as Australian citizens, Australian businesses (including sole traders, partnerships and companies) and Australian not-for-profit entities (including churches and charities).
For example, the Australian Bank could be limited to lending 7.0 times the income of any given Australian citizen, so that the total borrowing of that Australian citizen, such as including a mortgage and a personal loan, is not allowed to exceed 7.0 times the income of that Australian citizen.
For any given married couple of Australian citizens, the Australian Bank could be limited to lending 7.0 times their combined income, so that the total borrowing of that married couple of Australian citizens, such as including a mortgage and personal loans, is not allowed to exceed 7.0 times the combined income of that married couple of Australian citizens.
For your consideration…
Australia needs a publicly owned, federal “Australian Bank” that lends without charging interest.
> Capital Gains Tax (CGT) in Australia should be 0%.
The only tax in Australia should be the Goods and Services Tax (GST).
> Taxes on the profits of businesses in Australia (e.g. sole traders, partnerships and companies) should be 0%.
The only tax in Australia should be the Goods and Services Tax (GST).
Fuel tax in Australia should be 0%.
The only tax in Australia should be the Goods and Services Tax (GST).
The Medicare levy in Australia should be 0%.
The only tax in Australia should be the Goods and Services Tax (GST).
> The rate at which compulsory superannuation is paid by Australian citizens should be 0%.
Australian citizens earn the salaries and wages that are paid into compulsory superannuation on their behalf by their employers. Compulsory superannuation is therefore not a gratuity but compulsory confiscation of 11/111 equals 9.9% of the salaries and wages that Australian citizens earn, courtesy of school-leaver at the age of 14 years and Jewish (i.e. Edomitish) adherent of the Rothschilds-led synagogue of Satan (i.e. Satanist), former Australian Prime Minister Paul Keating, who was responsible for introducing compulsory superannuation in Australia in 1992.
en.wikipedia.org/wiki/Paul_Keating
en.wikipedia.org/wiki/Paul_Keating#Early_life_and_education
en.wikipedia.org/wiki/Paul_Keating#Superannuation_and_economic_policy
Paul Keating is a Jewish (i.e. Edomitish) adherent of the synagogue of Satan (i.e. Satanist).
> The number of non-white immigrants who are allowed by the Australian federal government to move to Australia each year should be zero.
> The number of residential properties in Australia which are allowed by the Australian federal government to be owned by non-citizens of Australia should be zero.
> The number of Jewish (i.e. Edomitish) and non-Jewish (i.e. non-Edomitish) adherents of the synagogue of Satan (i.e. Satanists) occupying positions in the Australian federal, state, territorial and local governments should be zero.
> The number of Jewish (i.e. Edomitish) and non-Jewish (i.e. non-Edomitish) adherents of the synagogue of Satan (i.e. Satanists) occupying positions in the church of Jesus Christ in Australia should be zero.