RBA GOVERNOR PHIL LOWE … ALLEGES WITH A BIG AUSTRALIA WE ARE BETTER OFF

Philip Lowe 2017-01.jpg

 

RBA GOVERNOR PHIL LOWE DEFENDS IMMIGRATION RATE  … AUSTRALIA IS YOUNGER AND BETTER OFF

BUT what does the woman and the man in the street have to say??

WHEN it appears both “The Right” and “The Left” have had “the wool pulled over their eyes” by the Big End of Town Ponzi of A Big Australia …

In the SMH:  Australia is younger and better off: RBA governor defends immigration rate

VIEW: https://www.smh.com.au/politics/federal/australia-is-younger-and-better-off-rba-governor-defends-immigration-rate-20180808-p4zw8u.html

The Unconventional Economist has raised these key points concerning the impact

on Australian citizens with the turbo charged immigration:

• Having to live in smaller and more expensive housing;
• Having less access to common goods, such as parks, beaches and open space;
• Increasing traffic congestion;
• Infrastructure costs ballooning because of dis-economies of scale (e.g. the need for tunnelling, land buybacks, etc);
• Environmental degradation;
• Downward pressure on wages; and
• Diluting Australia’s fixed mineral endowment among more people.

WHAT THIS MEANS …

A population growth of 400,000 extra people per annum in Australia … let alone some 1.4 million Visa holders currently all needing housing, jobs, health care …. etc

With planning law changes in NSW lots have been reduced to as little as 200M2 and a price tag of $550,000 or more in Greater Sydney

-developers are land-banking parks and open space, and business parks with ever more people crowding out what remains …

-traffic congestion is greater with high growth, and commutes not only by workers but by families travelling to school out of their area

-land buybacks for toll roads/infrastructure through compulsory acquisition with home owners cheated of the market value of their properties; tunnelling resulting in damage to homes

-a mere 9% remains of the Cumberland Plain woodland across Western Sydney, loss of urban bushlands, loss of trees, shade, fauna and flora …

-with hundreds of people applying for a job … that’s to an employer’s advantage … derr

WE USED TO HAVE IT ‘SO GOOD’!!

-the Australian tax revenue has to go even further!  As tax evasion and avoidance has become a growth industry …

“His claims about immigration improving Australia’s ageing profile is true only in the short-term and has been debunked ad nauseum by the Productivity Commission, since immigrants also age. Lowe also failed to mention that migrants (even skilled) have much higher unemployment than the Australian born population, nor the many downsides for productivity that comes from excessive population growth.”

SOURCE:

https://www.macrobusiness.com.au/2018/08/phil-lowe-shills-big-australia/

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