Ending age of entitlement – resources under threat yet again
While he was in opposition in 2012, the then-shadow Treasurer Joe Hockey had promised to end ‘the age of entitlement’ in Australia. Laurence Strano says this raises the question of where to start.
Treasurer Joe Hockey’s May budget was heralded as ending the “age of entitlement” for business and cutting taxpayer grants and subsidies. “Ending the age of entitlement” is a horribly misused phrase and raises questions such as where do you start?
If we start at the beginning of life: Children are entitled to parental care, politicians are entitled to be known as subsidised taxpayer public servants, and resources, small business and any exportable item is entitled to happen in an efficient unfettered manner.
“Mining giants face EFIC loan overhaul” (AFR 9 October 2014) again evidenced a lack of understanding. EFIC (Export Finance and Insurance Corporation, Australia’s export credit agency) by its charter is not allowed to compete with what might be commercially available. Do we want resource projects? If so, then why differentiate and single out the mining giants and this sector for exclusion? Is this the tall poppy syndrome?
Assisting the small business sector is great, but these are not mutually exclusive activities. As the one-time Chief Economist of EFIC I must say that it is hardly desirable to be continually imposing negatives on the resource sector and believe we are entitled to do so.
I have to conclude that we have kamikaze views which permeate the extremism presented by the scorched earth few who like the luddites have got it wrong.
Laurence Strano advises Small to Medium sized Enterprises (SMEs) in Australia and throughout Asia, Europe and the Middle East on globalisation. He is Principal Consultant of Laurence Strano & Consulting Associates, Director of Fidelity Energy Ltd, FVG Capital Pty Ltd and Fidelity Ventures Pty Ltd. Laurence is President of The Association of Spiritual Healing and Awakening and the Australia Vietnam Business Council. He is Ambassador of the FSHD Global Research Foundation. Formerly, Laurence was Chief Economist of EFIC for 14 years. He was Advisor to the Commonwealth Secretariat and subsequently to the Ministry of Trade and Economic Development in Nigeria. Laurence was International Affairs Officer of Conzinc Riotinto Australia Limited (now Riotinto), Stock Broking Representative, Foundation Executive and Director of the Sydney Trade Point (under UN auspices), New South Wales Trade Efficiency Association. He was President of the New South Wales–Vietnam Chamber of Commerce for 10 years and Visiting Lecturer for the University of Technology, Sydney and Macquarie University.
Romalisha
August 31, 2016 at 8:59 pm
This also applies to the opening
This also applies to the opening, the number of practicing doctors, payment is due, the transfer specialists, and if the trend in treating your condition or personal injury.