With the Federal Election not due until 2028, it is not possible to implement all our Federal Conservative policies, so all our attention will be focused on the forthcoming Victorian State Election. With the support and trust of the people of Victoria, if elected to govern, we will be able to implement all our State policies to build and grow the State economy, by building up the economy through a combination of Government and Private Enterprise initiatives, which will see more businesses, more employment and more homes; less taxation and more emphasis placed on improving the lives of every Victorian, by improving services, lowering energy costs, increasing law and order and getting back to basic commonsense policies, that will change the system to benefit everyone.
In Victoria we will build the following heavy industries.
Phasing out Payroll Tax and reducing Land Tax will have a significant effect upon the State’s revenue generated. This will naturally place pressure on how government spends money on various departments and projects. However, there are political and business considerations at play here.
As conservatives, we are naturally opposed to taxation, especially where you are being taxed on something you own and have bought and paid for with your nett of tax money. Why should you pay tax on land that you own. Some say that this only applies to investments and as land is an investment it should be treated like a business, hence it should be taxed. Although we agree that land is an investment, the conservative argument is that the income generated from the land, such as rents paid to the investor or interest or capital accumulated on the land are already subject to tax as these are legitimate taxable business income streams. So, why should you be taxed annually just because you own something. Furthermore, there is no such thing as “free” in business. Whatever tax or financial impediment is placed on a business, it will simply be passed onto the customer, so in reality, it is not the investor who is being taxed, it is their customers. Which all adds to the cost of living or business costs for others, which adds to the burdens of running a business, which in turn deters businesses from trading.
The same argument applies to Payroll tax. Why should a company that employs people, be penalised just because they employ people earning a certain level of wages. This tax deters companies from hiring and puts downward pressure on wages. We want to encourage businesses to open, operate and employ people in Victoria. By reducing and eventually abolishing payroll tax, it will relieve a heavy tax burden on companies and encourage more businesses to open in Victoria. To grow the Victorian economy, we must grow the number of businesses in Victoria. The more businesses that open, the more people that will be employed, resulting in more wealth being generated and circulated in the State. As the State economy grows, the more GST revenue will be generated, thus creating more income for the Government.
Built with steel structure frame. All houses will have felt covered roofs to which Colourbond or tiles are fixed to batons. Solar panel and water heating in lays will be made, to which you can insert the solar panels and hot water piping, for easy access and repair. Two Wind turbo fans will be fitted to each roof. Refrigerative cooling will be installed to all houses, with metal conduits. Solar batteries will be installed in each home, so that houses can run off their own solar power and store excess in the battery.
Projected Cost Per Annum
New home mortgages 100,000 per annum = 1m over ten years.
House and Land $500,000 x 100,000 = $50,000,000,000
House and Land $400,000 x 100,000 = $40,000,000,000
Projected Repayment
Average Mortgage $500,000 / 20 years – $25,000 PA = $2084 per month
Average Mortgage $500,000 / 15 years – $33,334 PA = $2778 per month
Current Home and Mortgage Costs
As at 2021 the number of Victorian Mortgages were 866,575.
The average home loan was $603,142.
The total mortgage debt $522,667,778,650.
At 6% interest, this generates $31,360,066,719 in annual interest repayments.
This is an average annual interest amount of $36,188.52 per mortgage
State Debt 26/27 was $179,200,000,000 or 25.2% of (GSP) Gross State Product
Interest paid 2024 = 6.4B
Interest paid 2028 = 9.4B
State Debt $179,200,000,000
Mortgage Debt $522,667,778,650
Mortgages New Year 1 $50,000,000,000
Total $751,867,778,650
Savings
Interest on State Debt $7,000,000,000
Mortgage Debt Repayments 20 Years $26,133,388,932
Mortgages New Year 1 Repayments $2,500,000,000
Total Annual Savings $35,633,388,932
Build ten berth submarine pens at Warrnambool – $5b
Build two submarine shipwright yards – $2b
Build two Japanese Diesel Electric Raigei Submarines USD$470 – AUD$744 – $1.5b
Build time approx. three – five years
Pre-existing tried and tested technology
AUKUS could be decades away before submarines arrive.
The UK may fail to deliver or the companies go bust.
It forms part of the Jap AUS cooperation accord.
Japan cannot design and build nuclear submarines due to legislation.
Develop and design a nuclear-powered submarine with Japan to be built in Australia – $1.5B
Japan can then share the nuclear design if they decide to go nuclear.
The pens can be rented by friendly navies to dock and resupply at a cost.
The programme could create 5000 direct jobs
We learn the skills necessary to design and build submarines
Our subs will complement the existing submarine fleet.
We will build a defensive structure around the pens, heavily fortified gun emplacements
Open New State Bank
Open Lloyd’s Type Insurance Underwriting Agency Market
Open Insurance Company
Open Reinsurance Company
Open New City Design Centre
Open New Holden Car Plant
One Coal Fired Power Station – Otway Basin
Coal Mine – Otway Basin
International Airport
Submarine Shipwrights Yards
Submarine Pen Docks
Submarine Nuclear Design Centre
Medical Research Facility – Eye and Spinal
Sony Electronics
Micro Chips Research & Development
Renewal Energy Research Plant
Airship Development Plant
VW Car Plant
Toyota Car Plant
USA Small Arms AR and Ammo Factory
Kit Home and Home Development Factory – A
High Speed Railway Research and Development – A
Desalination Plant
Water pipeline manufacturing plant
Thorium Reactor Research Development Centre – Murray Basin
Recycling Plant West
Two Coal Fired Power Stations – Loy Yang
International Airport
Chinook Helicopter Factory
Helicopter Water Tanker Firefighter – Fat Boy
Carry All helicopter
Rheinmetall Tank factory
Possum Works
Mobile Water Tank
Fast All-Terrain Reconnaissance & Rescue Vehicles
Personal Water cannons
Command Vehicle
Support Vehicle
Personnel Carrier
Kit Home and Home Development Factory – B
High Speed Railway Research and Development – B
Fire-Fighting Research & Development Factory
Military Units – Victorian Rangers and the Victorian Light Infantry
Recycling plant East
Drone Research and Development Factory
Growing the economy will require planning and implementation along with creating incentives, such as tax cuts, as well as backing yourself with state intervention, such as setting up state industry.
Planning
This should already be mapped out prior to be elected. In other words, we should already know what we are going to do or try. Now, the plans may have to be adjusted as they are implemented due to unforeseen issues or the fact that it is not possible or feasible to start the process. Such as building submarines. Where will they be built. So, you will first have to design and build the shipwrights, which could take a year to complete, if not longer. Only then do you have the facility in which to build a submarine.
Implementation
Basically, you must start implementing your plans, as soon as practicable. Any that needs government approval must be presented to parliament asap and be voted on and approved, then the legislation must be implemented without delay.
Legislation
Get all proposed legislation passed through parliament asap.
Once passed implement new legislation immediately, so that it can start taking a positive effect.
Helicopter Plant
Italy and Japan build Chinooks under licence, so there is no reason why we could not. They take three years to build. So, whilst we are building new ones, we can buy up some of the surplus UK fleet and convert them to big boy fire fighters. This will help us experiment in designing firefighting devices.
Houses
Start with prototype council houses made from steel frames. These can be made in a factory in Warrnambool and erected in the new city for some of our homeless. This will help kick start the industry and housing. We can then build kit spec homes ready for people to more to Warrnambool when the businesses start to arrive.
Sovereign Mortgages
Under Commonwealth legislation a State cannot create coins or notes, however it can levy income tax on its people. Whether sovereign money would fall under the definition of coins or notes is uncertain, but if it does, thus prevent us from printing money, then plan B is to introduce a State Income Tax levied against future workers. We will then borrow against this calculated but as yet uncollected tax. The rationale being that we will print the money lend it to home buyers and have it all repaid long before we need to actually collect the tax. It is semantics, but will be necessary if there are attempts to thwart our plans.
Working on the basis that we can create sovereign money; the order of priority will be to;
1 Budget for and build an initial 10,000 four-bedroom council houses
2 Have first time home buyers, who are currently privately renting to apply for a mortgage to buy the home they are renting
3 Allow all Victorian home owners with mortgages to apply to transfer their mortgage to the State Sovereign Bank and pay out their existing bank mortgage
4 Plan, Budget and build new low-cost homes in the new cities for first time home buyers
1. Building 10,000 council homes will cost approximately $400K x 10K = $4Billion. This will inflate the state economy and we must ensure that it does not create inflationary price increases in the cost of building materials. This can be achieved by buying in bulk and utilising new building materials, such as steel instead of wood for structural work. We will also be looking at manufacturing these homes in a factory setup for mass production, which should improve productivity and lower construction costs. The work undertake in this project will be the blue print for how we build future low-cost housing.
Once the houses are built, we will rent them out to homeless and low-income persons. These rents will start the repayment process and be deflationary, albeit over a longer period of time. The priority is to get homeless people into homes and get them off the streets.
2. Purchasing of homes from investors, will prove to be the most problematic when it comes to inflation. As first-time home buyers will have access to 100% interest free mortgages, then giving them significant buying power; there will be the natural temptation for the seller to increase the sale price of their home, as they attempt to cash in on this bonanza. This could cause the price of houses to artificially rise, counteracting the whole purpose of affordable homes.
To stop this for happening, we the State will determine whether the borrower can borrow the money and how much. We will then look at the property for sale and check the average price based upon the past five years valuations. If the asking price is within the acceptable range, then the loan and purchase will proceed. If we determine that the asking price has risen significantly out of kilter with the five-year average, then we simply will not loan the money. Instead, the borrower will be encouraged to either negotiate a better price or wait until new homes become available. This strategy will place pressure on seller not to wrought the system and sell their homes at a fair price.
These transactions will leave the investor cashed up, either to repay their own mortgage or to invest their money elsewhere. This investment money may or may not have an impact upon inflation, depending upon where they invest it.
3. The existing bank loans will be repaid, so the banks will wipe their loan debts, which should reduce their balances to zero. Although we will have created x amount of dollars, which can have an inflationary effect, the reduction of bank loans will reverse this effect. The fact that home owners will have lower monthly repayments and be able to pay off their loan quicker, will help significantly with their cost-of-living issues.
4. Building new low-cost homes will inflate the economy, but this could be a good thing as it will stimulate grow. As we build the homes and make interest mortgages available, the new home owners will wish to furnish their homes and shape their gardens, all of which will create demand, with new businesses and new jobs. The money will only enter the economy as the new houses are built, but at the same time home owners will start repaying their mortgages, so the deflationary effect of repayments will grow as more mortgages are repaid. Ultimately, we will end up with a situation in approx. fifteen years, where the first mortgages will be completely repaid and every year more mortgages will end, which means that the loans have been repaid. Naturally new loans will come online each year, but in say twenty years we may find that the amount of the repayments, fund the new round of loans, without the need to print more sovereign money.
Why are we in a mess. Everywhere you look, common problems exist and each is looked at individually and not collectively, so any proposed solution will ultimately fail, because it does not solve the route cause, but just tries to fix one of the symptoms of the route cause.
Go to any depressed town or watch a YouTube documentary on a town, the same list of problems occurs repeatedly. People living on the streets, drug abuse, crime, boarded up shops, boarded up houses, settees and mattresses strewn about the place, rubbish everywhere and the whole place looking old, run down and dirty.
Typically, all these towns have something in common. There were once a one industry town, whether it be a coal of ore mine, textile manufacturing, ship building, steel works, fishing industry etc. That industry was the life blood of the town. The wages from the miners, supported the entire economy of the town. So, when the mine closed, the miner’s wages stopped. This in turn had an effect upon the town’s shops, butchers, bakers, grocers etc. As no one was shopping, these shops closed down, laying off even more workers in the town. It gets to the point, where the majority of people are unemployed living off benefits. People cannot afford to or do not want to maintain their homes, so, the area becomes run down, with unkept gardens, flaking paint work. With no prospects the town slowly dies, with people trying to move out, house prices collapse, to the point where either the house is worthless or simply abandoned. These properties are then vandalised and taken over by, the every, growing number of drug users. This bleak appearance, deters investment and the whole town dies.
Politicians that attempt to deal with just one issue, hoping that that will fix the problem, but in fact it makes it worse, as most of the money granted to the town is wasted on aesthetics and does not fix the underlying problem. So, nothing really changes and the town just becomes the centre of a political slating match or is simply forgotten about.
Once you understand that all these problems are interconnected and stem from one root cause, then it becomes much easier to fix the problems and repair the town.
Once you accept that the closure of the mine, port, mill etc is the root cause, then you must look at whether it is viable to reopen, say, the mine. This process is made more difficult due to current ideology that prevails. In the past the coal mine was closed-down purely for economic reasons, but now we have political ideology playing its part. For National Conservatives, this is relatively simple, just ignore the ideology. However, there may be another reason why the mine cannot be opened, simply because it ran out of coal. So, you either find a reason to reopen the mine or find another industry to replace it.
Using the North East of England as our example base to demonstrate our theory, the main town issues stem from the closure of coal mines, ore mines, fishing ports and steel works / ship building.
Take Grimsby, a once great fishing port with five hundred fishing boats, that is now reduced to a shell of its former self. So, how do you revive a fishing industry, when you are prevented from doing so. The main reason for the decline in fishing was due to the introduction of fishing quotas due to the decline in fish stocks. Grimsby needs to create a fish farming industry. It has the necessary facilities and can create large fish farms off the coast. This industry will serve two objectives, first to bread fish, so, that they can be released into the wild to help build of the North Sea fish stocks. Second, fish can be bread for sale and consumption. There is no reason why not, that within five years, fish grown in farms could produce amounts, equal to that which was caught in the fishing heyday. By creating this sustainable industry, it will have a knock-on effect to the surrounding town. People now earning money will need to spend it, so supporting shops will reopen. This in turn will create employment, thus reducing the number of people on benefits. The money saved on benefits, can be redirected to the council, so that they can employ people to become an army of cleaners. The council can set about picking up all the rubbish, cleaning the streets and buildings, cutting and clearly all the overgrown parks, streets and gardens. There needs to a housing project established to repair all derelict houses or to pull them down and replace them with new homes. Privately owned homes need to be either refurbished by the owner, to make them habitable for living, or the council should compulsorily purchase them. In view of the fact, that many of these derelict houses are selling for under 25,000 pounds, it is a keep way of being able to provide affordable council houses. By repairing all houses, the area will improve. People living on the street will be able to get a council house. With the area rejuvenated you will see a reduction in drug use and crimes. So, by fixing the root cause, you end up fixing all the problems.
There is always a cost associated to this, but setting up an interest fee sovereign account, which will pay for everything, as the town prospers the new generated wealth, will be used to repay the sovereign wealth fund.
With a mining town, which still has a coal mine, albeit shut down. The coal mine should be reopened, to mine coal for two purposes. People and business need cheap reliable electricity, National Conservatives believe that coal fired power stations, are the best way to produce cheap and reliable electricity. So, a new coal fired power station should be built within the vicinity of three mining towns. Each town will produce coal to be burnt at the power station, to produce electricity. The second purpose is for the coal to be converted into synthetic oil. In the past when oil was abundant and cheap, say $30 a barrel, producing synthetic oil from coal was not viable. However, oil is not so abundant and costs per barrel are increasing, say $100 a barrel. It costs approximately $30 to turn a ton of coal into oil. The purpose of this exercise is not the price, but the jobs this industry will create. Now you do not abandon all Conservative economic sense and you must be mindful of the cost of production, but there is a bigger picture at play here. Oil is running out, at some point in the future, the reverses of oil will be measured in time not volume. Whether that be in a hundred years or five hundred years’ time, that reality is that the world will have to acknowledge that natural oil is running out. At that point coal will become the next major source of oil. So, it is better to start the production process now, so as, that we can ramp up production as natural oil reduces. As technology improves, the production of coal oil will get cheaper and easier. Countries with large coal reserves, will become the new OPEC.
So, a small oil production plant should be set up to take the coal from three mines. This will create jobs for the local area, and if one mine runs out of coal, the other two can continue to produce coal for the refinery. The construction of new mines and refineries and the railways to service them, will increase the demand for steel, this helping to keep the steel plants open. This in turn will create a demand for iron, which will necessitate the re-opening of iron mines.
In Australia, we will construct at least 12 new coal fired power stations. This will enable us to reduce residential electricity bills by at least 50% and industry electricity bills by up to 90%. Cheap electricity will help Australia Industry and Manufacturing to survive and grow. With the same beneficial effects of more employment, greater prosperity and a growing economy.
So, use a problem to fix a problem.