World Economics
Divide the working population by the amount we all earn
The difference between America and Australia is the size of the population
Albert Einstein
Absolute Theory can’t be wrong.
String Theory
100% The National Average Wage
90%
80%
70%
60%
50% The National Wage
36% The Minimum Wage
String Theory a series of percentages creating good governance.
World Economies joined forces in the year 1971.
GoughWhitlam created our Economy 1972.
Wage Growth, Welfare and Inflation.
A duty of care is needed the Australian Constitution
The Big Bang
Mr John Howard who has responsibility, should an injured worker be forced on to Welfare.
Introduced in the year 2000 GST is a goods and services tax.
The Economy created in 1972 as a string theory of percentages, automatically formulates the Standards.
Relativity
GST needed to be included in the Economy, adjusting the percentages needed to be considered.
Irrelevant
GST is a extra tax collected by the federal government
The Economy does not recognise GST
Anomaly
GST has caused an Illusion to the Australian Economy
String Theory formulating the standards through the percentages
The Minimum Standard Wage at 36% needed to adjust to the National Standard Wage at 50%
GST creates One National Work Place System, with One National Wage.
Work Choices
Work Choices government had a second chance at creating Australia’s first ever National Wage.
A duty of care, Australia’s Fair Pay Commission made their decision in 2006.
The Minimum Wage is now the National Wage.
A contract of employment can’t be construed unless it pays above award wages as no can receive less than the minimum standard.
GST created One National Work Place System.
The Evidence
I presented as a individual for all Australians under the Occupational Health Safety and Welfare Act.
I presented documentation Centrelink, Under Chart C Income Test for pensions.
Letter to Government
Work Cover have the Sole responsibility to look after injured workers
How much should injured workers receive and what benefit could they claim
NewStart Allowance or a Disability Pension.
Newstart
To receive Newstart you must be able to look for 8 hours of work
Injured Workers ineligible to receive Newstart whilst under obligation of return to work plans
Disability Pension
I am entitled to receive the Disability Pension as a low income earner.
Under Chart C Income test for Pensions, I can receive payments from Work Cover up to $1519.50 per fortnight
I have a job to return to when I’m recovered, I was able to receive both Work Cover Payments as well as Centrelink
The sum of $1519.50 for single disability pension provides the evidence
The figure above is what I was able to receive whilst recovering
Work Cover
Work Cover compulsory premiums and fees has a unfunded liability of One Billion Dollars
6 -10 million Australians use The Federal Minimum Wage at 36% $547.20.
The National Wage at 50% is $759.75, is the solution to its unfunded liability
2005 Industrial Relations Work Cover vs Centrelink
2005 first ever minimum wage case in the state of South Australia
Work Cover have the sole responsibility to look after an injured worker, whilst collecting compulsory fees and premiums to cover cost
Work Covers Insufficient Insurance protection is a real concern.
I asked Government to fix my situation, Work Cover versus Centrelink
2005 the Income Test Chart for Pensioners showed the National Average Wage at $1422.75
The National Wage 50% at $711.37 and minus 36% the Minimum Wage $512.19
Government cannot force people under Newstart to look for 8 hours of work
I should not be receiving a Disability Pension because I was injured at work, the Work Cover Scheme have the sole responsibility.
50 Unions represented and although not educated to the extent of the Unions,
How can it be disputed the National Wage is 50% of the National Average Wage
The National Wage explains Work Covers unfunded liability.
Fair Pay Commmission
Work Choices
Mr Harper you represented God and you failed the low end, GST has no recognition in the Australian Economy.
Presenting submissions at Noarlunga Football Club 2006 in Adelaide, South Australia
No response came from the commission, Ignorance has no excuse, a duty of care was needed.
The decision of the Fair Pay Commission 2008, $21.66 increase taking the Federal Minimum Wage to $543..78
We all pay GST a 10% tax on goods and services,
Government had a duty of care, GST is a ten percent tax not recognised in the Australian Economy.
The Fair Pay Commission employed under the guise of Work Choices to provide the National Wage
Post Hoc Fallacy
When one event occurs before another event and the first event is considered the cause of the second
The National Wage $759.75
Federal Minimum Wage, is $215.97 below the correct Standard
States collect tax
Work Cover premiums and fees based on what we earn
Support Wages, Apprentice Welfare all automatically formulate from the Federal National Wage.
Utilities Water Electricity and Gas use tariffs from the percentages to formulate fees and charges.
Compensation for GST
The National Wage at 50% compensates the low end of the scale, Mr Howards GST, is ten 10 percent tax on all Australians.
The Minimum Wage is now the National Wage.
Automatically percentages formulate the standard.
The National Wage at 50% provided the solution 2005, 2006, 2008
Economics and The Big Bang, Global Financial Crisis
The Australian Dollar rose to a record high against the America Dollar $1.08 in the year 2008
Raising huge questions?
1.What made the dollar rise
2.Can the dollar split like a share.
3.If the dollar can split like a share, can it adjust back.
Take a look at the chart GST came into effect July 1 2000, the Australian Dollars rise to $1.08 American
Global Financial Crises 2008, GST is a tax, collected by the federal government.
The Economy created 1972 under Goth Whitlam does not recognise GST, revenue is not included.
Australia has a duty to keep inflation under control, GST has broken this boundary
Peter Costello
I will give you $5000 dollars to have a baby for Australia
Mr Costello wanted to fix inflation by increasing the population.
The Economy formulates by diving the population by the amount we all earn.
Increasing the population with a bribe, stop inflation
Setting the Standards
Equal, & Fair remuneration executive wages need to be brought into line, employed to do a job, their to make money for investors.
Wages
Governments position is to keep inflation low, keeping wages down.
GST is a ten percent tax demanding wage increases across the board.
Who Missed Out
Welfare – Newstart, Pension – Minimum Wage earners, not receiving increases in the year 2000.
State Taxes if the minimum wage earners, are receiving less than the correct wage, States will not be receiving correct taxes
Work Cover – Bankrupt the scheme collects premiums and fees to cover cost.
Utilities Water, Electricity and Gas use the tariffs
Double Whammy
Tax Cuts effect the states not Federal Government whom recieved GST
Illusion
The Illusion created is that the Economy is strong, but those at the low end of the scale have fallen behind.
No one is looking, GST has passed through, and prices are rising to extreme.
GST is not recognised in the Economy – The minimum wage needed to be adjusted to the National Wage 2000.
Absolute Theory
It’s now 2019, and the cost of living in Australia is out of control, government are speaking to you in another language, irrelevant
GST wouldn’t be a problem but they didn’t adjust the percentages in 2000, and then again in 2006 when given a second chance.
Inflation
Government will tell you about GDP and others, but nothing relevant on how wage growth is the cause of inflation
Australia those whom are representing us have failed in their duty of care.
The National Wage needed to be adjusted to 50% in the year 2000.
Anomaly has now created an illusion.
Mr Howard also said he would never pass GST.
Federal Minimum Wage 2019
1 July 2019
The Federal Minimum as presented by the Fair Pay Commission 1 July 2019
If the minimum wage was minus 36% of the National Average Wage $2057.78
2019 The Federal Minimum Wage $740.80
That’s what the income test charts should show in 2019 unless they tampered with them
Politics
The National Wage at 50% in 2019 should be $1028.89
The National Average Wage keeps rising, the National and Minimum Wage will automatically adjust.
Political Parties are calling for a $75.00 increase to Newstart on 17 September 2018 and again 17 July 2019
Newstart is a percentage of the Federal Minimum Wage you can’t just add $75.00
The Economy can be not be changed like that Newstart is formulated from Federal Minimum Wage.
2005 State Wage Case
The Australian Economy a string theory, created when dividing the population by the amount we all earn
What I was presenting was already in governance, the National Wage is their 50%
I stood up for us, transcript into the first ever minimum wage case 2005, every word I spoke in this case can’t be disputed.
The percentages created our standards for 28 years, the position of government is to keep the cost of living and inflation down
The National Average Wage is established in Chart C income test for Pensions divide this by 50% you have the National Wage, at 36% we had the Minimum Wage
Wages keep rising for those whom are receiving above award wages, executives wages, what about Equal Remuneration.
The income charts showed a pattern of how simply the Economy formulates from the percentages.
A duty of care was needed I was providing evidences that showed GST needed to be adjusted in to standards.
I didn’t just present a big, problem for government I was providing solutions.
State Taxes – Fixed
Work Cover – can now collect their correct fees and premiums to cover cost having sole responsibility to look after an injured worker.
Minimum wage earners, Apprentices would now receive the correct wage and entitlements
Welfare – welfare rates and apprentice rates formulate automatically adjusting to the standard
Work Choices can only be correct if you provide the correct National Wage
Contractor and employee relationships, negotiate a contract into an award.
Only Employees who earn more than minimum wage can sign a contract of employment as no one is allowed to receive less than the minimum standard.
Government spent billions denying Absolute Theory, it couldn’t be wrong, it’s all ready their, a duty of care was needed.
The Big Bang 
It’s actually not that hard.
What is economy anyway?
It’s a matter of production of goods used as goods or used by services of for assets via a money system and the interaction and exchange that takes place.
The first fundamental to look at is Where does money come from? Why? And what for?
The Constitution was clear that the creation of money (or credit) was the responsibility of Government and Parliament. Why?
Even though Government has proven to be inept at money things, placing in the Hands of For Profits o non-government hands them a tool of Power. Money can and has been used to create great wealth for nations, but also has been used to destroy it.
Now maybe with the concept of Block Chain this may change the game, but fundamentally speaking, we only need to create enough money to cover the amount of people in the economy itself (well just a little over).
Currently the money as credit and debt, is created via the RBA and member banks. The concept may have seemed sound and logical in theory, but in practice, real hidden inflation has got all countries that use this system by the balls.
I mean the idea that we create new money against new people entering the economy, either by birth or migration, than lend it out to business or more commonly to build a new house, will generate increased productivity.
However, when lending to an existing business to use as operational expenses, that business is not waiting to buy soon to be produced goods or labour services, it will compete with existing goods, services and assets available, which there is already money in existence for.
So there is the first instance of inflation occurring. Now maybe it is short lived, if some other part of the economy is firing like a huge demand for resources by oversea’s buyers, than this is likely a blip, but what if domestic demand reduces? or worse still the international market hits snags.
Really though, Banks don’t like lending to business, well small business, too much risk and if the business goes under, they are left with what, some offices chairs, computers and a debt on their books they have to explain to APRA that has nothing behind it.
A home loan however, if a mortgage holder can’t pay, the Bank claims the house, kicks them out, can write down some of the debt and resell the house. Now a smart banker would lean on government to ensure a healthy housing market, say ask them to reduce foreign investment, that way they can lend locally to buddying investment home buyers – and Australian’s love that.
So what happens here?
Bank creates credit against the signature of a borrower, borrow looking to invest, not build in the sticks, (now 50% or over of home lending), wants tenants and wants the value to go up, so buys in a highly competitve inner city market. Competing with foreign buyers.
Whoopy because their value went up and they can use the equity to get more credit and go again,
BUTT and it really is a big smelly butt,
This credit created enters the economy as long term inflation. Now new goods or construction is created, it goes into the speculative housing market. Especially since by this stage the true value of the house is eclipsed by a concentrated market of speculators. So now that buying of the house becomes a profit of the seller and reality business.
They use that money to speculate in the Australian Capital and Financial Markets.
Now rinse and repeat this a few million times and now we have trillions of created credit, that is long term inflationary being used as bets on bets on bets for money making more money.
Meanwhile it is massively reducing the value of the dollar, it’s purchasing power, cost of living is rising because of inflation and has had a 50 year head start.
So what’s the solution? Short term, build our way out, yes and we’d have to continue to migrate and in bigger numbers? Why?
Well a countries population is only limited by its ability to feed itself and to maintain a balanced trade book with other countries. Cause if a country gets a whiff that we may not be able to pay our debts, well the economic wars begin.
The long term solution is a Fiscal Policy one.
It will be painful for some, but they already have a nice house (or many, many houses), boats, cars etc, but long term, it will be better for all as the cost of living is reduced, purchasing power is returned and inflation caused by too much credit, hidden in the $100 trillion dollar Australian Capital & Financial Markets is slowly sliced away back to an amount of credit that matches the population and average wage.
I’ll get to how shortly.
While many of you may be free market capitalists, economies need to be managed and planned, even controlled. Money is merely a tool to facilitate the exchange of goods, services and assets. Yes, it can be used to say motivate people to build a bridge.
Say there is a huge traffic issue, which ultimately cost time and money, productivity is affected, so if government were to create the credit, yes there would be inflation, but short term, the increases in economic activity would demand more money in the money supply. Since government has created credit to build the bridge, some of that credit becomes part of the increase need to the money supply.
The remaining is inflationary and needs to be removed.
It’s a bit like carving a wood statue. You need more wood than the final product, once complete your remove the waste.
But before a show you how this is easily done, after this long winded comment, one sure fire way to manage the economy is by installing a minimum wage, average wage and maximum wage policy.
Now, now, there would still be options for bonus, however to insure we don’t have an over supply or under supply of money we need a metric to go by.
The best on is the total population multiplied by the average wage.
25,000, 0000 x $56,000 = $1,4 trillion. Our current estimated GDP is around this, a little over, as it’s better have a bit more than a bit less.
But we need upper and lower limits.
So the current minimum wage is around $20hr.
25,000,000 x $41,600 = $1,04 trillion # This is the minimum supply required before economy crashes to a hold due to not enough money greasing the wheels.
Maximum? What is a maximum wage. Let’s just make one. Say 100 x minimum wage. $200 hr.
25,000,000 x $416,000 = $10.4 Trillion.
Given that the current GDP is $1.4 trillion, but in the Australian Capital & Financial Markets there is around $136 Trillion, we have in existence AUD in physical currency and digital credit of around $140 trillion.
Of course we know what is happening now, small business is dying, get out the those regional towns and see, but if the maximum wage ceiling of $10.4 trillion was maintain like a well disciplined soldier, we’d have no problems. Even facturing in massive bonuses in commerce that warrant it and can afford it, we’d still maintain a safe, calm and stable economy.
So on to the solution.
Eradicate all existing taxes bar ONE. Business tax/corporate tax whatever you want to call it. this can be at 20%. It would be there to fund councils. To have those nice things in your region like nice walk paths, parks, pool etc.
The other one although would be viewed as a Tax, is really a money maintenance fee. It’s there to maintain the inflation caused by government credit creation and spending & non-government credit creation and spending.
It is an Automated Transaction Fee. Set once per month with interest rates as a percentage. It will be determined by a robust set of indicators that measure inflation in all AUD. No tricks, no fluffing the CPI or other data indicators. Where AUD is in play, it will identify inflation and adjust according.
Infact, even at a rate of say 2-2.5% of all primary to primary transaction, in a short period of time, we’d have removed the excess currency, business would not only be revived, but running marathons.
The ATO would no longer be chasing people for money owed, rather chasing inflation, you’d never see or hear from them and that is how government should be.
We’d see unemployment all but disappear, but this might need help with a job guarantee, however once we have a labour shortage, we’d be screaming for working tourists.
All this and we haven’t even consider automation – looks like we have 24 hour working weeks to look forward too.
We don’t have to reinvent the wheel, just modify it.
However one slight alteration to the Banking act is needed. To outlaw the creation of credit to be lend and used to buy existing goods, services or assets. We wouldn’t want to fix all the holes in the bucket for some gremlin to come along a little while later put some more back.
That last paragraph is the reason why we are in this situation, what new credit created is spend on.
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I’m not sure what this has to do with the Big Bang.
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JJ Blake I agree with only one thing in your post Equal Remuneration, and setting a maximum which reflects the minimum, 365 days in one year so why no $3,650,000 as a maximum for an executive their employees employed to make money for investors.
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The Big Bang is about the rich getting richer whilst they deny the poor, what would you all do if checkout operators in supermarkets, trolley boys/ girls aged care workers, rubbish collectors and all low paid workers went on strike, what is the executive going to do, how would he justify his/her income if we strike, and who do Unions represent, this is their fight not mine, this increase from a minimum standard wage to the correct National Standard Wage should have occurred in 2000
The Fair Pay Commission is useless getting paid to do nothing, the Standard they are setting is automatically adjusting, I’m sorry but that Fraud their not telling us the truth
These people are treated like slaves, just because their not as educated but I tell you they work just as hard if not harder than most of the people whom get greater incomes, yet I don’t say their not entitled, I say the low paid minimum wage earners pensions and Newstart are also entitled to correct entitlements
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