Pakage Posted May 31, 2012 Share Posted May 31, 2012 Hey people, I don’t know if anyone is interested, but I have petition forms for holding a Citizens Initiated Referendum on the issue of selling our countries assets. In my opinion, it’s quite simple really. Apart from being a bad idea for putting people with financial instead of ethical obligations in charge of our national power grid, our assets pay more dividends than the cost of the interest on the portion of the loan we would be paying back by selling them. I know it’s a touchy issue and everyone’s entitled to their opinion. This is simply aiming to push for a referendum so the public can have their say either way. Democracy in action. If you’re keen to help gather signatures, send me a message. If you're not, keep calm and carry on. Unfortunately signatures have to be gathered old school with pen on paper. I'll be outside Studio tonight from 10pm till 1am gathering signatures, so bring your friends! Link to comment Share on other sites More sharing options...
Subverse Posted June 1, 2012 Share Posted June 1, 2012 Good shit pakman - the arguments against asset sales run deep - and the people that argue that the government will retain a controlling share obviously aren't aware of the fact new shareholders will push for the company to issue more shares, to raise equity - the government will be either forced to purchase more shares, or lose their controlling majority. To maintain their majority, they'll have to buy more shares, pushing us further in debt. Not even considering all the other well documented problems with privatisation of basic resources like power and water. Keep an eye out for me tonight boss, I'll sign that shit. Link to comment Share on other sites More sharing options...
Pakage Posted June 1, 2012 Author Share Posted June 1, 2012 Its simple: The state-owned companies pay the government more in annual dividends than the government will save by not paying interest on the debt paid off by asset sales. The dividends from those companies are so high that, if they are sold, the government will lose up to $9.7 billion over the next 15 years. what the actual fuck eh.. Its like your accountant saying to you, "you're credit card is in deficit. Why don't you sell your rental property to cover the costs." Its absolute insanity. 2c Link to comment Share on other sites More sharing options...
Dr Awesome Posted June 5, 2012 Share Posted June 5, 2012 You are credit card IS in deficit. Link to comment Share on other sites More sharing options...
Pakage Posted June 5, 2012 Author Share Posted June 5, 2012 You are credit card IS in deficit. whoops. Link to comment Share on other sites More sharing options...
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