Indulgence Tax

Some background …..

Sydney has two world class and perfectly functional sporting stadiums; the Sydney Football Stadium (known as Allianz Stadium) and the Stadium Australia (known as ANZ Stadium).  There is no suggestion that there is some sort of structural problem with either of these stadiums.

The Sydney Football Stadium was opened in 1988 and built for a cost of $68 million.  Stadium Australia was opened in 1999 for the Sydney Olympics and built for a cost of $690 million.

The NSW government is now proposing to knock down and rebuild both of these stadiums at a cost of $2 billion.  To repeat.  The NSW government is now proposing to knock down and rebuild both of these stadiums at a cost of $2 billion.

The Minister pushing this project is the NSW Sports Minister, the Hon. Stuart Ayres.  For those outside NSW who aren’t aware, Minster Ayres’ “domestic partner” is the Commonwealth Minister for Defence, Senator the Hon. Marise Payne.   Senator Payne with the Hon. Christopher Pyne have joint responsibility for the $50 billion Floating French Bathtub project.

Assuming this stadium project came in on budget and on time (very highly unlikely), the cost to every man, woman and child in NSW would be $270, or assuming a 4 person household, $1,080 per house hold.

Imagine if the NSW Government went to the people and proposed a poll tax of $1,000 per household to knock down and rebuild both the Sydney Harbour Bridge and the Sydney Opera House.  Apparently both structures, whilst perfectly functional, are looking a bit worse for wear.

Imagine the campaign.  Imagine the slogans.  “Growth through building”.  “We have only just begun”.

Well.  What is the difference between taxing people to knock down and rebuild perfectly functioning infrastructure versus using already collected taxes (via budget surpluses) to do the same thing?  Spoiler alert – NOTHING.

If there is some sort of competition in the Payne-Ayers household to see who can waste the most amount of tax payer dollars, the competition is over.  The Floating French Bathtubs will win every time.

To spend more than $2 billion to dig a hole and then refill the same whole is the height of Keynsian spending indulgence.

If Premier Berejiklian has $2 billion burning a hole in Treasury’s coffers then GIVE IT BACK to the citizens.

According to the Australian, NSW Treasurer ­Dom­inic Perrottet and NSW Deputy Prem­ier John Barilaro seem to be questioning the wisdom of taxing every New South Walesperson so that the government can dig a hole and then refill it.  At least there are 2 sane politicians in this country.

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36 Responses to Indulgence Tax

  1. A Lurker

    Meanwhile, neglected towns in regional NSW are crying out for some care and attention.

  2. Ez

    The construction of a new high-efficiency, low emissions coal-fired power station, being considered by the Turnbull government, would cost $2.2 billion — considerably less than the $3bn of subsidies handed out to renewable projects each year, a new technical study shows.

    If you’re going to throw public money around, at least make sure there’s a value-add FFS.

  3. iampeter

    Just dig $2billion worth of holes and fill them up again. We’re pretty much there.

  4. Rabz

    FFS, these idiots are becoming worse than the bloody Bourbons.

  5. Dianeh

    In my nsw region we have a bridge over the Murray that needs replacing before it falls down.

    FFS. These people need to be taken out and publicly flogged.

  6. Up The Workers!

    And who will be the beneficiary of this latest bout of multi-billion dollar taxpayer-funded largesse – members of the A.W.U. protection racket, or members of the C.F.M.E.U. protection racket?

    Once upon a time, the A.L.P.’s enterprising NSW franchise-holder, “Honest Eddie” Obeid, would have been in like the proverbial Union-Boss-Up-A-Drain-Pipe, but given that he is currently banged up in a cell with his Party’s criminal embezzler of a former Federal President, Michael Williamson, his chamber-pot, his Left Testicle, his Soap-On-A-Rope and Milton The Molester Orkopoulos, his Dance Card is full up at the moment.

    Oh how the mighty have fallen. Old “Honest Eddie” Obeid was once like the ubiquitous Harvey Shortenstein, or like a Labor crooks’ hand and a taxpayers’ pocket – he was in everything, but alas these days he cannot generate a dishonest income stream from either his Left Testicle OR his Right one.

    I know that Gladys and the Palace Chook are Premiers from different States and from different Parties, but honestly, if they swapped jobs and Parties, would anybody even notice???

  7. cui bono

    It’s like they have so much money to spend and can’t think of anything else to do with it.

  8. I am Spartacus

    It’s like they have so much money to spend and can’t think of anything else to do with it.

    They don’t have any money. It is the tax payer’s money. They are just holding it temporarily.

  9. W Hogg

    If said stadia would have become more profitable to the extent of a return on the incremental capital, ICG would have raised capital and done the rebuild of Stadium Australia already. And there would be no reason to tax to do so – the govt’s incremental revenue would be positive after cost of capital.

    Having spent a fair bit of time in both, they are totally fit for purpose and would last another 100 years. The problem is Stadium Australia is not simultaneously oval and 180m long (for AFL, cricket, Gaelic football and hurling); and 120m long and rectangular (for a 100,000 seat NRL grand final). I think the original intention was sufficient flexibility to move seating closer for the League but it never quite lived up to the grandiose claims when reconfigured down to 80,000 seats after the Olympics.

    The NRL has threatened to leave unless given a suitable ground. Of course, no such venue exists anywhere in the southern hemisphere. I have no doubt that Premier CFMEU would be delighted to spend the money on a rectangular 100,000 seat venue to be used once a year. As such, I’m quite happy for the event to go there.

  10. H B Bear

    Meanwhile in Perth, Emperor Barney (remember him?) has spent $1.4bn on a new stadium that will deliver about 50,000 people to Burswood right next door to Fat Jamie’s Crown Casino every weekend for half the year. Crown capex contribution $0.00. Thanks for coming taxpayers.

  11. Pedro the Ignorant

    They don’t have any money. It is the tax payer’s money. They are just holding it temporarily.

    Very temporarily, I hope.

    No doubt the Slovenian hag* and her cohort’s spending style will make the Libs look models of fiscal responsibility.

    * I doubt Tits will be first on the dance card come election time.

  12. entropy

    I know that Gladys and the Palace Chook are Premiers from different States and from different Parties, but honestly, if they swapped jobs and Parties, would anybody even notice???

    Liberty quote.

  13. Roberto

    I know that Gladys and the Palace Chook are Premiers from different States and from different Parties, but honestly, if they swapped jobs and Parties, would anybody even notice???

    That’s so true, it’s scary.

  14. egg_

    The construction of a new high-efficiency, low emissions coal-fired power station, being considered by the Turnbull government, would cost $2.2 billion — considerably less than the $3bn of subsidies handed out to renewable projects each year, a new technical study shows.

    If you’re going to throw public money around, at least make sure there’s a value-add FFS.

    +1

  15. egg_

    I know that Gladys and the Palace Chook are Premiers from different States and from different Parties, but honestly, if they swapped jobs and Parties, would anybody even notice???

    Gladys is better dressed?

  16. They don’t have any money. It is the tax payer’s money. They are just holding it temporarily.

    No! They are burning it and watching it burn. They have to burn it quickly because they are there only temporarily.
    The fat bitch “defence minister” has been on it only one lifetime.

  17. v_maet

    It seems the liberal party has given up any premise of economic rationalism.

    In QLD the LNP election campaign is indistinguishable from what a labor party campaign would be.

  18. Art Vandelay

    In QLD the LNP election campaign is indistinguishable from what a labor party campaign would be.

    Same in SA. The Liberals here are proposing a policy so stupid that it could have come from the Greens:

    State Opposition releases $100m home battery plan to ‘reduce energy costs’

    If elected in March, the Liberals said they would create a $100 million household battery fund, which would provide means-tested grants averaging $2,500 to 40,000 homes to help them buy batteries.

  19. This proposal has the approval of Keynes! dig holes and fill them in again. That’ll get them working.

  20. Diogenes

    And here i am sitting on a shuttle bus on my to the Hamilton interchange after visiting a shop near Newcastle Station. The perfectly good railway line and street are being dug up for a mono light rail . Will only cost 3-500 million

  21. Jannie

    iampeter #2544504, posted on November 6, 2017 at 1:06 pm

    Just dig $2billion worth of holes and fill them up again. We’re pretty much there.

    Why not just give the $2B to the developers. Save wear and tear on the workers and shovels.

  22. Kneel

    They don’t have any money. It is the tax payer’s money. They are going to borrow some.

    There, fixed it for you.

  23. BrettW

    I demand CFMEU v AWU member gladiatorial combat in these Colloseums.

    Good to see all transport, housing and social welfare problems etc have been solved in NSW.

  24. RobK

    Stadia must have some sort of Romanesque attraction to Pollies…shudder.
    The $50bn bathtubs I can’t explain.
    As that saying goes:
    A billion here, a billion there; pretty soon you’re talking serious money.

  25. Jock

    Nothing has changed in 2000 years. Didnt Vespasian build the colosseum in his own honor ? He then instituted a corn dole to ensure the head count didnt starve. Mind you there had been forms of the food ration before but I think he was the first to make it a right of each citizen.Whatever, it seems that every politician since thinks that stadium and grand buildings along with a “living” of some sort has been a vote winner. The difference being that the Romans taxed and pillaged barbarians to pay for their largesse. We arent so lucky.

  26. Diogenes

    What adds insult to injury is they are replacing a tram closed in the 50s that actaullay went where people wanted to go

  27. jupes

    The Sydney Football Stadium was opened in 1988 and built for a cost of $68 million. Stadium Australia was opened in 1999 for the Sydney Olympics and built for a cost of $690 million.

    Wow. The cost of a stadium went up 900% in 11 years.

  28. Myrddin Seren

    I am betting the name Michael Photios and PremierState lobbying will be found intimately woven in to this largesse every step of the way to the award of the contract to the party who is already going to get that contract, come what may.

  29. Squirrel

    Well, why not spend a couple of billion on two sporting venues – there’ll alway be plenty of money because the NSW bubble economy could never pop and the rivers of gold from extortionate property conveyancing and other taxes will just keep growing…..

  30. BrettW

    Hopefully we can combine the two wastes of money.

    Make sure the stadiums can accommodate the submarines so the masses can enjoy sub combat as part of the show.

  31. Dr Fred Lenin

    Our capable polliemuppets are really qualified to handle billions of taxpayers dollars ,some of them have tiny lawtrade certificates (degrees went out years ago when they ran out of real teachers ). Some have certificates of Socialist “work” ,these mean they areeminenylt-y suitable to manage massive sums of money.their leftist teachers are confident in their incompetence . Leftists always know what to do with other peoples money . Venezuela for example .
    Old joke , Trump dropped ten missiles on North Korea and did $300 worth of damage .

  32. Diogenes

    I have a funny feeling parramatta stadium is also being rebuilt does quick searcg a yes demolition aand rebuild 300million plus

    Thses sradia are costing more than smokers ever will.

  33. Marcus

    Meanwhile in Perth, Emperor Barney (remember him?) has spent $1.4bn on a new stadium that will deliver about 50,000 people to Burswood right next door to Fat Jamie’s Crown Casino every weekend for half the year.

    Yeah, but the new stadium will be awesome, and Subiaco Oval is far from “a world class and functional” venue, unlike the stadia that are going to be replaced for no apparent reason.

    Anyway, the original John Langoulant plan (backed by experts, of course) was to build the stadium right next to the existing Subiaco Oval. Thankfully Barnett recognised the idiocy of such a plan and put the stadium where it belongs.

  34. Titch

    So the claim is that these stadia no longer meet health and safety regulations, but surely the needed adjustments can be made without spending such an obscene amount of money. I smell a rat, and it is not anything to do with health and safety, it is more about building a memorial to someone’s political career. Stuff the regional areas that need decent health facilities, or better roads, or anything else. The important thing is that the Premier can preside over the launch of something that resembles a Taj Mahal with their name on the memorial plaque. No matter who the Premier is.

  35. Motelier

    I am in a twitter brawl with a leftie who thinks people who evade paying tax are thieves cos schools, roads and health. Typical.

    I will prolly bash my head against a brick wall on this but dimbulbs must be taugt that taxes belong to the people.

  36. wal1957

    The football codes earn an absolute Mozza!

    I think it’s about bloody time that they built their own bloody stadiums.
    I hate that I pay for their AB Bloody C!
    And I hate that I should contribute to a bloody stadium for the benefit of sporting codes that make the $$$ that they do.

    You can always count on politicians squabbling with each other over how much money they are going to spend on this or that. FFS, it’s not their bloody money, it’s mine, the poor old bloody taxpayer who is sick of continually being screwed by these A$$oles!

    The $50 Billion bathtubs are just beyond belief. How any sane person could propose or defend this stupid expenditure is simply stunning in its naivety.

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