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The economic explainer for people who ask (every week) why migration exists amid a housing shortage. TL;DR 100,000 migrants are worth $7.1bn in new tax receipts and $24bn in GDP growth.. - **First of all, the fed government controls migration**. Immigration is a hedge against recession, a hedge against an aging population, and a hedge against a declining tax base in the face of growing expenditures on aged care, medicare and, more recently, NDIS. It's a near-constant number to reflect those three economic realities. Aging pop. Declining Tax base. Increased Expenditure. And a hedge against recession. Yeah, but how? If you look at each migrant as $60,000 (median migrant salary) with a 4x economic multiplier (money churns through the Australian economy 4x). They're worth $240k to the economy each. The ABS says Australia has a 29.6% taxation percentage on GDP, so each migrant is worth about ($240k \* .296) $71,000 in tax to spend on services. So 100,000 migrants are worth $7.1bn in new tax receipts and $24bn in GDP growth. ​ **However, state governments control housing.** s51 Australian Consitution does not give powers to the Federal government to legislate over housing. So it falls on the states. It has been that way since the dawn of Federation. State govs should follow the economic realities above by allowing more density, fast-tracking development at the council level, blocking nimbyism, allowing houseboats, allowing trailer park permanent living, and rezoning outer areas. State govs don't (They passively make things worse, but that's a story for another post). **Any and all ire should be directed at State governments.**
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Lykeshares Official
The economic explainer for people who ask (every week) why migration exists amid a housing shortage. TL;DR 100,000 migrants are worth $7.1bn in new tax receipts and $24bn in GDP growth.. - **First of all, the fed government controls migration**.


Immigration is a hedge against recession, a hedge ...
www.reddit.com/r/AusFinance/comments/16kmnkx/the_…

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?