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86tt
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August 2004

Re: The world is changing...

Mon, 12 September 2005 07:49

Corona RT142 wrote on Mon, 12 September 2005 09:46

the government gets nothing out of high interest rates infact by setting a higher interest rate they are infact increasing the servicing cost of the loans (bills and bonds) which they issue to change the interest rates.

Second note the government does no control interest rates the RBA does, and there goal is to stop inflation.

Petrol prices is a different story though they could easily cut back some taxes, considering the economy is running continual surplus budgets it wouldn't be a bad idea either.

ROFL at the pic

really? so the reserve bank raises the interest rate, but who gets the money earned from the interest from credit cards and home loans? Where does these money end up?

and they're not going to cut back the tax on the petrol either, why would they want to do that? People are still paying and affording the petrol, there's so much money to be made when the oil price surges up and down, who really cares? the rich or the poor? Does the government care? "Oh sorry, it's not our fault, we're running out of oil, and we have this war against terror going on, and the war in Iraq is causing the oil price surge", but the real fact is, sorry we fked up the economy so we need as much tax as possible from everywhere, oh yeah, speed kills, make sure those infringements get processed as smooth as possible... Laughing

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