Australian Ponsey Schemes


He said Labor didn’t just “booby-trap” the budget by making vast open-ended commitments on schools and hospitals to take effect beyond the four-year forward estimates period.

“They created a Ponzi scheme of unsustainable spending because they thought new taxes, more spending and bigger bureaucracies were the answer to every problem.”

Read more: http://www.smh.com.au/federal-politics/political-news/deficit-tax-to-cost-earners-on-80000-an-extra-800-a-year-reports-20140428-zr0zk.html#ixzz32p6Yg3hx

Deficit tax’ to cost earners on $80000 an extra $800 a year: reports

Sydney Morning Herald-Apr 28, 2014

The reports are likely to draw more criticism from Labor, which has warned a “deficit levy” … accusing them of reneging on promises made before the election. … Australian Chamber of Commerce and Industry chief operating officer … “They created a Ponzi scheme of unsustainable spending because they …created a Ponzi scheme of unsustainable spending because they thought new taxes, more spending and bigger bureaucracies were the answer to every problem.”

Our immigration policy is a Ponzi scheme: Labor MP – News …

blogs.news.com.au/…ponzi_scheme_labor…/P0

News Corp Australia

A federal Labor MP has likened migration to a pyramid scheme. …. “No Ken, we have not run out of water” becomes “No Ken, we are not running out of water” …. I didn’t think there was anyone in the Labor Party with half a brain. … Why not enact policies to encourage Australian families to have the 2.1 children necessary to …

February 2014 Ponzi Scheme Roundup
http://www.lexisnexis.com/legalnewsroom/bankruptcy/b/bankruptcy-law-blog/archive/2014/03/03/february-2014-ponzi-scheme-roundup.aspx

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One Response to Australian Ponsey Schemes

  1. PeterBDunn says:

    Sydney Morning Herald-Apr 28, 2014

    The reports are likely to draw more criticism from Labor, which has warned a “deficit levy” … accusing them of reneging on promises made before the election. … Australian Chamber of Commerce and Industry chief operating officer … “They created a Ponzi scheme of unsustainable spending because they …created a Ponzi scheme of unsustainable spending because they thought new taxes, more spending and bigger bureaucracies were the answer to every problem.”

    Our immigration policy is a Ponzi scheme: Labor MP – News …

    http://www.blogs.news.com.au/…ponzi_scheme_labor…/P0

    Population Growth a scheming Ponzi Scheme
    https://www.reach.gov.sg/YourSay/DiscussionForum/tabid/101/Default.aspx?ssFormAction=%5B%5BssBlogThread_VIEW%5D%5D&tid=%5B%5B11317%5D%5D&mode=3

    Our immigration policy is a Ponzi scheme: Labor MP
    http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/our_immigration_policy_is_a_ponzi_scheme_labor_mp/asc/P20/?nk=e53df0d48417bc4c8fcf56415fb03f86

    A federal Labor MP has likened migration to a pyramid scheme.

    Using the analogy of a fraudulent business practice, Melbourne backbencher Kelvin Thomson challenged the idea of bringing in more migrants to support Australia’s ageing population.

    “The more migrants we bring in, the more older people we will have to look after further down the road,” he told the ACT branch of Sustainable Population Australia on Wednesday night.

    “If the idea is that we will bring in still more migrants to look after them, this is just a giant pyramid scheme – sooner or later it’s going to collapse.

    “It’s a fraud.”

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