What will happen to Toyota's Australian manufacturing activities?

[Joe5619]

Originally Posted by Brazen

Fiscally responsible, hardly? This a purely ideological decision based on Liberal party right-wing philosophy on the role of Government. Australia is the twelth largest economy in the world - the industry takes the equivalent of loose change behind the couch.

Looking at the numbers you would be mad not to support the car industry, $180 million a year assistance to sustain an industry of 100,000 people and and which contributes over $4 billion to the economy annually (let alone almost a billion in PAYG income tax a year).

Yes, the Government actually profits from the subsidy, to say he is being fiscally responsible is so far from the truth its almost funny.

If we really wanted to crack down on subsidies what about the $1.6 billion FBT incentives, or the $3 billion in handouts given to mining companies annually, or the most horrendous subsidy at all - the $5billion in negative gearing allowances given to property investors (which drives up housing prices through the roof and ties about a trillion dollars in bank capital which makes it harder to finance things that actually produce stuff for the economy).

If those numbers a little too big, what about the $750 million in annual wage rises given last year for federal public servants?

But let's keep taking about blank cheques...

Where is gods names are you getting 100,000 people employed in the Auto manufacturing sector from??