Everything posted by Queanbeyan Demon
-
If we miss the final 8 next year then ...
People got absolutely no comprehension on how the loss of Pedo and Juice have effected our club.
-
Harley Reid
Irritable bowel syndrome maybe?
-
2023 MFC Financials
Great point @pitmaster. It's one of the great myths that "we are leaving debt to our children to pay." Firstly, in a crisis such as a war or a pandemic, government creates money that is used to stimulate the economy. In practical terms, this usually means creating additional resources (in the case of a war) or limiting the amount of people at risk of unemployment in the case of a pandemic. The facts are these: Australia’s debt was 120 percent of GDP at the end of the Second World War, yet the economy grew by an average of 4.2 percent in the 1950s and 5.3 percent in the 1960s[1]. Tax receipts rose as a result, which had the effect of reducing the debt. Secondly, even allowing for the government paying interest on its debt, these payments create additional wealth by flowing back through to the economy. So as the government pays interest, on the other side of the ledger, citizens collect income. This income flows back through the economy as financial activity and indeed, results in higher tax revenues via transaction taxes such as the GST and stamp duties for instance. Indeed, the holders of government debt tend to be more wealthy individuals who are going to be subject to higher levels of taxation on the income received from the dividends on the government bonds. This tax is then reinvested by the government in public infrastructure that is passed on to future generations. Classic examples of this inter-generational wealth building is the Sydney Harbour Bridge, Snowy Mountain Hyro-electric scheme and the NBN. These are physical assets that leave future generations better off than the ones that proceeded them. Thirdly, depending on how the inputs are used in the calculation, between 30 and 40 percent of all money created by the Government is returned to it in taxes[2]. So the debt is not the same number as the money created or borrowed. Put simply, for every dollar the government creates, it only has to fund (create and borrow) 60 to 70 percent of the money in reality. Keeping people employed is the best way to ensure that future generations are not burdened with unsustainable welfare payments to a generation of unemployed, or unemployable, citizens. [1] “Fact Check: Did the Government Inherit the 'Worst Set of Accounts' in History?” ABC News. Australian Broadcasting Corporation, March 3, 2016. https://www.abc.net.au/news/2015-03-18/fact-check--australia27s-economic-inheritance/6162670?nw=0. [2] “Taxation Revenue, Australia, 2019-20 Financial Year.” Taxation Revenue, Australia. Australian Bureau of Statistics, April 27, 2021. https://www.abs.gov.au/statistics/economy/government/taxation-revenue-australia/latest-release#:~:text=Total taxation revenue collected in.
-
2023 MFC Financials
Yes, indeed @Little Goffy. During the pandemic the Commonwealth sold government bonds, valued at billions of dollars, at a negative interest rate. Or put in simple terms, people and institutions actually paid the government to take their money. So some of the government debt is actually making money. And even bonds that were sold at one or two percent interest rate are still making money because: a) inflation has eaten away at the value of the debt, and b) the strength of the economy after the pandemic has meant government receipts (i.e. tax collection in it's various forms) are much higher than budgeted (between 3-6% higher). This means the government can buy back the bonds - making a tidy little profit on the side. Quite amazing really.
-
2023 MFC Financials
Rounded up, Australia's government debt to GDP ratio is 38 percent. Remarkable low by both peak historical standards and compared to our major trading partners and other developed countries. https://www.abs.gov.au/statistics/economy/government/government-finance-statistics-annual/2021-22 Despite the rantings and ravings of those in public life, Australia is in remarkably good shape financially. And anti-intuitively maybe, the debt to GPD ratio is dropping quickly due to inflation being higher compared to its average of the last 20 years. So, in short, there's more than enough liquidity to build a home stadium in Melbourne, and Alice Springs.
-
2023 MFC Financials
Point of order Chair - neither the state or the Commonwealth are "broke".
- PODCAST: Jason Taylor Interview
- PODCAST: Jason Taylor Interview
-
Jackson Haul - Just wait 5 years…
[censored] - I hope @WalkingCivilWar hasn't had a cardiac arrest reading this. You okay dear?
-
Max Promises Tough Love this Preseason
There are two highways to hell . . . one of them is for any sane person who reads this thread.
-
Best AFL Umpires. Your thoughts?
Harry was a complete legend @chook fowler - good get. His career post umpiring was spectacular. Had a brilliant grasp of the game, terrific report with the key people in the game, always respectful and dignified. Worked hard. Interviewed the 12 coaches every Friday then played the interviews Satdee on 3AW before the game. Sensational. His calling of 'Snake' Baker in '77 were probably the best footy calls I have ever heard. Special mention to Stevic - his handling of that $%^& wit Green was brilliant.
-
AFL is rigged.
I'm not going to argue that the AFL is totally transparent, trustworthy and not keen on maximising revenue, occasionally by foul means, but mostly fair. However, the paranoia in here is beyond extreme. Gill doesn't set his salary level - this will almost certainly be set by the Board of the Commission using a number of internal and external benchmarks. Gill is not incompetent/inept/corrupt. For example, to keep the comp going during COVID-19 was an extraordinary achievement. Anyone who watched his press interviews during that time would have seen a man deprived of sleep and under tremendous pressure. Commercially and financially the comp is in the best condition is living memory. His management of the huge, self-interested and toxic egos in clubland is extraordinary. The list is long, but we can start with Triple Chins, Kennett and Cochrane. I wouldn't have any of them within 100 metres of my home, let alone pay me enough to work with them. Regarding the fixture, yes it's mostly %$&*)@, but I've yet to hear practical solutions to all the dilemmas the fixture throws up. Putting a bandaid on one wound simplely creates another wound elsewhere. Yes, the The umpiring standards, MOR and score review system is completely %$&*)@ and should be improved - no doubt about that and I cannot defend it. There is no doubt Goyder is incompetent and should not be the chair of a major sporting competition (let alone an airline) - and I cannot defend that. And finally, to say the AFL are the most corrupt sporting organization on the planet is beyond extreme. Anyone noticed the BCCI, OIC or FIDA lately? They place the corporate corruption and organisational toxicity and incompetence of the Federal Reserve, Fanny Mae and Freddy Mac, Credit Suisse and Bear Stearns in the veritable shade.
-
King: Demons vs The World in 2024
I was once asked by a coach at half-time to tag Ted Joy. Never found him.
-
King: Demons vs The World in 2024
Kevin Sheedy, love him or loath him, was the past master of it. 10 premierships at Essendon in 27 years says it all.
-
COMMON CARDS
I recon Foxtel should do this: Remove "Gary Lyon, three time all Australian" in the crawler and replace with "Gary Lyon, 12 time Scanlens Card Star."
-
Dees win $1million McClelland Trophy
Truly BA, is the air conditioning working at your place?
-
The Pick 1 Thread
What? If Reid was available for F8, F9 and F10, I'd definitely take Reid I'd love to see the evidence for all the conclusions you've drawn in paragraph two.
-
Jack Ginnivan
I wonder if the same fan is suddenly interest in Max being treated fairly.
- Welcome to Demonland: Jack Billings
- Welcome to Demonland: Jack Billings
- Welcome to Demonland: Jack Billings
- Welcome to Demonland: Jack Billings
- Welcome to Demonland: Jack Billings
-
Why Melbourne Must Hire a Coach to Solve Their Forward Woes
Just spewed my lunch all over the keyboard at work. Mentioning Joe and Trak in the same sentence can have that effect.
-
It's the top 6 / bottom 6 that win you the flag
Having a good 6 in the coaches box and running rehab is pretty handy.