$275m to GM

Discussion in 'Markets & Economies' started by CriticalSilver, Mar 22, 2012.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    So Holden have shaken the taxpayer down for $275m, how much will Ford and Toyota now get? That's about $10 for every man, woman and child in Australia.

    Just imagine how much more profitable Ford and Toyota would be if GM folded instead of standing in the welfare queue. The government of course, has to borrow this money so there is compounding interest to be paid. Hmmmmm, makes sense .... If you're insane!
     
  2. renovator

    renovator Well-Known Member

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    Then you have the other side of the coin of lost jobs & the cost to the taxpayer aswell as the lost revenue of those employees not spending their wages & paying tax .

    The cost to the taxpayers would be not far apart in the long run i would imagine .
     
  3. Guest

    Guest Guest

    TOO BIG TO FAIL COMES TO AUSTRALIA!

    But.... we're still different here, right?

    ;)
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    I don't remember voting on this.
     
  5. hawkeye

    hawkeye New Member Silver Stacker

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    By that logic we should then be saving every business that is about to fail.

    Who wants to buy their shitty, over-priced cars anyway?
     
  6. renovator

    renovator Well-Known Member

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    No only large companies that can keep some manufacturing based in australia & prop up other jobs/businesses in the process.

    Have you thought about the other jobs/businesses involved if they go under ? There is a list of suppliers/ small manufacturers as long as your arm that will be affected also. Hawkeye your always so short sighted in your of the cuff posts you need to start looking at the larger picture & the knock on effects involved :rolleyes:
     
  7. thatguy

    thatguy Active Member

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    IF there was a danger of failing maybe they would be more prudent. But as it is there is no reason to be wise and have good business $avvy as you WILL receive a bailout :( sad. A real good way of encouraging bad business by putting th onus on profitability on the tax payer, we need a Ron Paul
     
  8. hawkeye

    hawkeye New Member Silver Stacker

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    I'm short-sighted??? Ever heard of the pot and the kettle?

    You think they won't keep on coming back for more? If they can't sell their crappy cars now why are they going to be able to in the future? All you are going to end up with is a massive waste of resources. Maybe you could get govt to give people money to buy them. I hear these schemes are quite popular among property people. People think something is too expensive then give them money to buy it and give the people producing it subsidies. Why not just institute full-on communism and get it over with?
     
  9. renovator

    renovator Well-Known Member

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    Yes pot is something you buy with your wages & kettle is something you boil when your at home with no job watching daytime tv :p:
     
  10. fishball

    fishball New Member Silver Stacker

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    They should bail out the poor banks, the flow on effects from unemployment of rich bankers would be detrimental to the economy.

    :rolleyes:
     
  11. hawkeye

    hawkeye New Member Silver Stacker

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    Amusing when you compare the number of posts you have to mine. Who's really the bored housewife here?
     
  12. systematic

    systematic Well-Known Member

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    Ya can't have a ponzi scheme without propping it up here and there ...
     
  13. Nukz

    Nukz New Member

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    This is not a Bailout! this is a job's program! :p
     
  14. Argentum

    Argentum Well-Known Member

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    4 possibilities

    take from some poor to give to other poor

    take from some rich to give to poor

    take from some poor to give to rich

    take from some rich to give to other rich

    At the moment last 2 are used a lot the first 2 are used only in small amountsit so it makes it seem that they are making things fair. Good example is mining tax; you take fom miners(rich) give very little to programs for the masses(poor) and rest used to prop up other industries like Holden(rich) etc.
     
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    Yes, it doesn't take too long to realise that this sort of 'stimulus' is wrong headed. A bit like spending a trillion on bombing some country to change its figurehead when a trillion of public works would work a lot better.

    Remove tariffs and then use taxes to supplement the companies affected by the cheap imports that kill their market. Really smart.

    I always find that governments will do everything they can to help the poor except get off their backs.
     
  16. BBQ

    BBQ Member

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    As a slave, it's my duty to bail-out the unsuccessful corporations after they find they cannot make it.

    GM was coming over to my house eating at least 3 times a week. It had to stop.

    I'm glad we're all chipping in. After all, this is the Freedom and Democracy we've been promised and the Freedom and Democracy we fought for.

    I wish I could give more.
     
  17. Argentum

    Argentum Well-Known Member

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    Thats not good enough; drop down and give me 20 pushups
     
  18. Silverbullet08

    Silverbullet08 New Member

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    I like the part how they think giving them free money to stick around yet slam the population with a ludicrous carbon tax to jump fuel
    prices then expect people to buy there piece of junk cars..
    Their sales are gonna slump regardless, the money would've been better in mine and every1 elses pocket!!!!
     
  19. Nugget

    Nugget Well-Known Member Silver Stacker

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    Maybe they may start making pushies?
     
  20. chimpanchu

    chimpanchu New Member

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    I don't remember voting for ANYTHING, except for voting for someone who will do the voting for me!
     

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