Australia hasn't had a recession for over 25 years

Re:Australia hasn't had a recession for over 25 years by hyperpallium on Friday March 31, 2017 @09:11AM (#14003305)

> But we didn't do this because we're idiots.

Because the highly profitable mining industry campaigned against it AND we're idiots.

Theory: Immigration is a main "export". It's a very nice place to live: democracy, rule of law, media and the geographical reasons etc. Immigration helps supports demand for housing and the bubble.

We're basically a hole in the ground - but a very nice one.

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Re:Australia hasn't had a recession for over 25 years by honestlyreally on Sunday April 02, 2017 @04:43PM (#14018941)

Also should be mentioned it was an incredibly sensible taxation policy to cope with the boom bust cycles of mining, we have a progressive income tax system, a progressive corporate tax policy isn't far fetched

Sadly it only came into effect after the boom and raised very little money before the mining industry ad campaign shut it down.

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