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Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

Seriously, what is happening in Australia?

Is this statement by Centre for Independent Studies accurate…

‘More than half of voters now rely on Government for most of their income through public sector wages, welfare benefits and or subsidies’.

Have we forgotten that Government does not produce anything. Governments essentially make laws, collects taxes and then spends those tax dollars.

High and increasing dependency (or more accurately Socialism) will only result in economic and financial failure for Australia.

According to Benjamin Graham… ‘To be an investor you must be a believer in a better tomorrow‘.

That means we need less dependency and more productivity going foward.

Click to read.

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