AM> I don't know much about negative gearing to comment.

PE> Basically you borrow money from the bank, and use it to
PE> invest in shares and property.  Bond et al never actually
PE> spent their own money (they didn't actually have any).

 AM> I thought it was letting a property at a loss and claiming 
 AM> the loss as a tax deduction?

Yeah, as well as getting the country into debt, avoiding tax while you're at it.

PE> constructive on their current job.  Anyway, with so many 
PE> computer people unemployed, they should be able to drag wages 
PE> down to about the same level as a bank teller.  I know I 
PE> would still be in the game if that were the case, but many 
PE> wouldn't be.

 AM> At the cost of a probable almost halving of your own 
 AM> current wage?

It's the free market.  It's been 40 years in the making.  It's time the
market sorted itself out.  Naturally I personally don't want my wage to go
down, but I think it is the justified thing to happen.

 AM> Who the fuck cares anyway?  Most of us here are probably 
 AM> like that, even if the people you work with aren't.  There's 
 AM> a guy at work who hardly reads an industry journal or 
 AM> magazine, to keep up with the industry.  I get frustrated 
 AM> with those kinds of people too, but that's just what some 
 AM> people are like, and they seem to muddle through life none 
 AM> the less...

They should get lower wages or tossed out of the industry.

PE> What on earth are you talking about, Anthony.  I'm trying
PE> to screw as much productivity out of people as possible,
PE> and damn anyone who gets in the way.

 AM> Trouble is, you'd need some Hitler tactics to implement it!

So what's that got to do with communism, as you originally suggested?  BFN.

Paul

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