Australian Politics Forum - Should the government buy back public assets?

Auggie

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Re: Should the government buy back public assets?
Reply #15 - Feb 21^st, 2018 at 6:58pm

Aussie wrote on Feb 21^st, 2018 at 4:31pm:

Auggie wrote on Feb 21^st, 2018 at 3:31pm:

Aussie wrote on Feb 21^st, 2018 at 2:33pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yeas, 'It's the vibe.'

Cool

The States can do it though. There is no constitutional restriction on the States from confiscating assets.

Ah....but there is Legislation.

Which can be repealed at any time.

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Aussie Gold Member Offline OzPolitic Posts: 39971 Gender:	Re: Should the government buy back public assets? Reply #16 - Feb 21^st, 2018 at 7:05pm Yes, but there is still a common law entitlement under injurious affection. Not perfect or without many vagueries, but it is there.
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Bobby.

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Re: Should the government buy back public assets?
Reply #17 - Feb 21^st, 2018 at 7:08pm

Aussie wrote on Feb 21^st, 2018 at 7:05pm:

Yes, but there is still a common law entitlement under injurious affection. Not perfect or without many vagueries, but it is there.

But if private industry does such a bad job that every time we get a 1 day heatwave or 100km/hr wind
the electricity fails -
then surely the Govt. has good grounds to take the utility back?

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Aussie

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Re: Should the government buy back public assets?
Reply #18 - Feb 21^st, 2018 at 7:09pm

Bobby. wrote on Feb 21^st, 2018 at 7:08pm:

Aussie wrote on Feb 21^st, 2018 at 7:05pm:

Yes, but there is still a common law entitlement under injurious affection. Not perfect or without many vagueries, but it is there.

But if private industry does such a bad job that every time we get a 1 day heatwave or 100km/hr wind
the electricity fails -
then surely the Govt. has good grounds to take the utility back?

Sure.....if they have breached the terms of sale, or any licence conditions.

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Dnarever

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Re: Should the government buy back public assets?
Reply #19 - Feb 21^st, 2018 at 7:34pm

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

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Aussie

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Re: Should the government buy back public assets?
Reply #20 - Feb 21^st, 2018 at 7:40pm

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

And if there has been appreciation?

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Grappler Racist Filth

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Re: Should the government buy back public assets?
Reply #21 - Feb 21^st, 2018 at 8:19pm

No - it should resume them and only pay what is outstanding to clear the real debt level of the current 'owners', not some mythical punitive payment that was signed into the 'contracts'..... those who got the show have made their money... no need to pay them out extra.

Easy to do - that contract was signed by a different government - not this one.... governments are quick as lightning to change legislation to gain some advantage when it suits them.... they can do that as easily....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Grappler Racist Filth

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Re: Should the government buy back public assets?
Reply #22 - Feb 21^st, 2018 at 8:21pm

Aussie wrote on Feb 21^st, 2018 at 7:40pm:

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

And if there has been appreciation?

Puh-lease! They've been writing them down as a tax deduction for a loss.... write-down in value is an asset.... write-down eventually ends at (almost) zero - the only thing that will alter that is re-capitalisation of assets etc...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Aussie

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Re: Should the government buy back public assets?
Reply #23 - Feb 21^st, 2018 at 8:34pm

Grappler Racist Filth wrote on Feb 21^st, 2018 at 8:21pm:

Aussie wrote on Feb 21^st, 2018 at 7:40pm:

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

And if there has been appreciation?

Puh-lease! They've been writing them down as a tax deduction for a loss.... write-down in value is an asset.... write-down eventually ends at (almost) zero - the only thing that will alter that is re-capitalisation of assets etc...

And if there is appreciation? You have not said.

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BigOl64

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Re: Should the government buy back public assets?
Reply #24 - Feb 21^st, 2018 at 8:48pm

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

With what ?

Most governments are deeply in debt, QLD alone is $80+ bil in the hole thanks to Disaster Anna 1 and the Puddle Duck doesn't look like she has a clue what she is doing.

Not a lot of government have 10s of billions of pesos lying around to buy back sold assets, so even if they wanted to, it won't happen due to poor fiscal management and general incompetence.

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RightSaidFred

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Re: Should the government buy back public assets?
Reply #25 - Feb 21^st, 2018 at 10:04pm

BigOl64 wrote on Feb 21^st, 2018 at 8:48pm:

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

With what ?

Most governments are deeply in debt, QLD alone is $80+ bil in the hole thanks to Disaster Anna 1 and the Puddle Duck doesn't look like she has a clue what she is doing.

Not a lot of government have 10s of billions of pesos lying around to buy back sold assets, so even if they wanted to, it won't happen due to poor fiscal management and general incompetence.

I would chuck an extra zero or two ..... Telstra would cost 50-100 billion alone at least, the Comm bank would be a very big nose bleeding number.

As both major parties sell of assets its a dumb thread.

The real question should who is best set up to deliver particular services. A leftwing nut job thinks its always the government !

In reality there is a mixture.

In Sydney we have Government buses with certain areas that run subsidised private buses.

Same with health services which would collapse without the private sector !

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Baronvonrort

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Re: Should the government buy back public assets?
Reply #26 - Feb 21^st, 2018 at 10:10pm

We should sell off the ABC and SBS thats a billion dollars plus a year albatross around taxpayers necks.

If the lefties like the ABC and SBS they can buy shares in it and put their money where their mouths are.

The governments job is running the country no government should be in the media business.

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Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

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Grappler Racist Filth

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Re: Should the government buy back public assets?
Reply #27 - Feb 21^st, 2018 at 10:50pm

Baronvonrort wrote on Feb 21^st, 2018 at 10:10pm:

We should sell off the ABC and SBS thats a billion dollars plus a year albatross around taxpayers necks.

If the lefties like the ABC and SBS they can buy shares in it and put their money where their mouths are.

The governments job is running the country no government should be in the media business.

We need independent and even-handed media outlets to keep the mainstream media honest.... I find the ABC does that job fairly and evenly, even though I disagree with their feminist bent....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Grappler Racist Filth

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Re: Should the government buy back public assets?
Reply #28 - Feb 21^st, 2018 at 10:52pm

Aussie wrote on Feb 21^st, 2018 at 8:34pm:

Grappler Racist Filth wrote on Feb 21^st, 2018 at 8:21pm:

Aussie wrote on Feb 21^st, 2018 at 7:40pm:

Dnarever wrote on Feb 21^st, 2018 at 7:34pm:

Bam wrote on Feb 21^st, 2018 at 2:29pm:

Auggie wrote on Feb 21^st, 2018 at 2:13pm:

We know that governments are in the business of selling off public assets. Should a future government be willing to buy back public assets? Or confiscate them?

Confiscation is not an option because it would be unconstitutional. Acquisition of private property by the Federal government can only be done on just terms.

Yes buy them back for the same price they paid minus depreciation.

And if there has been appreciation?

Puh-lease! They've been writing them down as a tax deduction for a loss.... write-down in value is an asset.... write-down eventually ends at (almost) zero - the only thing that will alter that is re-capitalisation of assets etc...

And if there is appreciation? You have not said.

To be discussed at the appropriate time with full figures on the table...

What 'appreciation' do you perceive when every year's tax return shows a write-down?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Baronvonrort

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Re: Should the government buy back public assets?
Reply #29 - Feb 21^st, 2018 at 10:54pm

Grappler Racist Filth wrote on Feb 21^st, 2018 at 10:50pm:

Baronvonrort wrote on Feb 21^st, 2018 at 10:10pm:

We should sell off the ABC and SBS thats a billion dollars plus a year albatross around taxpayers necks.

If the lefties like the ABC and SBS they can buy shares in it and put their money where their mouths are.

The governments job is running the country no government should be in the media business.

We need independent and even-handed media outlets to keep the mainstream media honest.... I find the ABC does that job fairly and evenly, even though I disagree with their feminist bent....

No governent should be in the media business

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Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

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Poll
Question: As a general rule, should the government buy back already sold-off public assets?
* This poll has now closed *
Yes 10 (52.6%) No 5 (26.3%) Most assets 1 (5.3%) Let Grappler decide 3 (15.8%) Confiscate them 0 (0.0%) Total votes: 19 « Created by: Auggie on: Feb 21^st, 2018 at 2:13pm »