not overseas workers on 457 visas who send their money home. no wonder our economy is poor

 

I think that figure is too low.

 

It is in the thousands per car, as in $1 - 2,000.

 

Or was the last time i read an article on the subject.

 

 

 

 

 

you could be right. Maybe I misunderstood what he said according to this article

 

http://www.macrobusiness.com.au/2013/04/car-industry-subsidies-in-perspective/

 

Holden has received $1.8 billion in industry assistance in the last 10 years. That works out at about $8.10 for every Australian man, woman and child, assuming a population of around 22 million.

 

Yes, I am fully aware of ERP, the effective rate of protection, which is a complex multiplier based upon the direct and indirect flow-through costs of tariffs and other forms of protection for a given industry sector.

However, as Kim Carr noted recently, the industry, cumulatively, received subsidies amounting to less than $18 per person over the last decade. So it cost you, the long-suffering Australian taxpayer, the princely sum of $1.80 per annum to prevent the collapse of plants like Elizabeth, Fishermans Bend, Altona, Geelong and Broadmeadows.

 

 

however the govt would get a lot of it back as the cars are sold here (stamp duty etc.)  and the workers were Australains living in Australia, sp they pay taxes and their money goes bavk into our economy unlike in the mining business where they employ overseas workers on 457 visas who send their money back home.

 

 

also, the  ining industry is much more heavily subsidized by us the taxpayers than the car industry ever was I think it's something to the tune of $18 billion over the past six years, but will research it more later

A couple of days ago Boris mentioned something about Ashby that I didn't understand. I get it now, he's working for Pauline

 

Deb

I am no expert on subsidies etc but I do read the business pages and a fair bit was written in 2013, 2014 on the whole subject.
I'll see if i can find an article as I would know it can only be in one of 3 papers.

Subsidies alone would not have saved the car industry, too many other things had changed as well,
Tariff removal, cost of cars OS. Had decreased but ours had gone up etc. wasn't it the Button plan
That started it all off ?

anyway, who won? what was the final score? Or are they still counting?

---

@rabbitearbandicoot wrote:

anyway, who won? what was the final score? Or are they still counting?

---

Counting will take another week, allowing for postal votes and overseas votes to arrive.  Then some recounts if the numbers are close.

but what's the score so far? 

 

Last I heard it was something like Labour 43, Libs 40 with 4 swinging

This is going to tae a while.

I see a by election might be needed.

current totals, lnp 39, labor 42, kap 2