Fat Pig Palmer wasted all his money and got SFA!

0 Seats HOR
0 Seats SENATE

Well done Australia 

However his preferences may have impacted  on some HOR seat results

"one good result"

That would be after the GREAT result of Bull Shitten and his labrats (oh would you be one?) being decimated.......BOOHOO..

This MRB is no longer relevant.  So, I'll hand in my Modship of it.  PM sent to FD.

A 3 per cent home mortgage rate cap would "protect" Australians, Clive Palmer says.

"We've got 40 per cent of Australians under mortgage stress when interest rates go to 4 percent — 60 per cent of mortgages default," the chairman of the United Australia Party told Sky News on Thursday night.

The number of mortgages defaulting worsens to 80 per cent when mortgage rates hit 6 per cent, said Mr Palmer.
"And then we find Australians dispossessed of their homes and their wealth and becoming slaves in their own country. If that's going to happen in the future, we've got a move to stop it because the Australian dream of homeownership … is a matter of national importance," he said.

"(We can't) allow our economy to be destroyed, and our middle class to lose any sort of value at all."

While Mr Palmer acknowledged that a mortgage rate would see banks lose profits made through mortgage loans, he said the policy was about "defending" Australians.

Mr Palmer also said one of the UAP's focus was on diverting superannuation investments so that Australians were investing locally and not internationally.

"We want to bring back a trillion dollars of Australian super which is invested in the new North American and European stock markets to invest in our country to provide more jobs and more wealth, another form of capital," he added.

"What we're seeking to do in the medium to longer term is to say if you want to receive your money tax free … you're required to put it in a fund that will invest in Australia.

"But if you're happy to pay your contribution on your income — you can put it anywhere you like."

"By having that money utilised in Australia, (Australians will) receive a benefit immediately in the outcome in our growth, the ability to provide jobs for themselves and their children — so Australians should support Australia."

https://www.theaustralian.com.au/nation/politicsnow-live-news-us-australia-share...

Not a bad idea. The question is whether Australian government policies stifle return on investment here, compared to investment in North America and the EU and Britain. But if these are equal, then I say this is a good policy move, encouraging local investment.