Thread: Why we should buy Australian

And a country can be sued by a multinational if it trues to protect local industries against foreign competition. The American business lobby insisted on this to protect its ability to intimidate weaker governments and exploit their national resources without having to pay fair taxes to governments.

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Originally Posted by nismine01

I have not gone through all the pages on this thread but I drove through Whyalla (hi Tombie) yesterday and saw all the rail wagons there, that's when I remembered they all came from China.



Whyalla steel works looking for Government support but they buy Chinese????????????



Makes you wonder doesn't it.



If they bought Australian it would be a start.



That's what I think!



Regards



Mike

G'day!!

Yes they were leased from a Chinese mob.
We paid the price for that also - almost every rail pair had to be replaced as they were suffering voids in the wheels during the run north and back - took months to rectify.

Now they're just a testament to times past... they move about 200 Mtrs a month and that's about it.

The irony is you can not ship raw material to a manufacturer and then complain when the same buyer becomes a seller..... (where's that cake?)

When our government doesn't even enforce proper payment of taxes by multinationals trading on our shores, we've got buckly's of them properly backing local enterprise. Those lost taxes could fund a significant local innovation to market program. ...no doubt a simplistic reading of the situation, but you get my drift.

Ah yes. And how many millions are lost each year through private import sub-$1k...

The money goes overseas, buyers get the goods and Australia sees nothing for it but their currency heading overseas in the blink of a Paypal swipe..

I'm as guilty as the next guy...

Asbestos customs crackdown worries brokers about 'overabundance of caution and delays' - ABC News (Australian Broadcasting Corporation)

Originally Posted by Tombie

Ah yes. And how many millions are lost each year through private import sub-$1k...

The money goes overseas, buyers get the goods and Australia sees nothing for it but their currency heading overseas in the blink of a Paypal swipe..

I'm as guilty as the next guy...

The big difference I'd say is you, and me, along with a vast majority of the sub $1k import purchasers have paid Income tax, and that ranges from to over 40%.
It would solve a majority of our budget problems if multinationals paid about 1/2 the highest personal income tax rate on their profits and then sent the rest to HQ!

Originally Posted by Mick_Marsh

Asbestos found in Chinese-made equipment for SA's Port Pirie smelter redevelopment - ABC News (Australian Broadcasting Corporation)

Apparently it's a lot more than they're letting on.

So here is $2k of good Aussie engineering being installed - our new Westinghouse gas-electric cooker, made in Adelaide apparently. Its certainly the best cooker we've ever owned by far. I look forward to eating many delicious meals cooked on it.

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