appetizer

@appetizer@lemmy.today

• ⁨Comment⁩ on ⁨Australians losing billions in savings due to poor management of appliance efficiency scheme, audit finds⁩ ⁨⁨1⁩ ⁨week⁩ ago⁩:

  I absolutely paid attention to these things, even spending more on more efficient appliances after figuring out the break even time on the price difference.

  I consider the power usage of everything in my home. I’m down to 300w idle draw from more than 700w.

  I’m pretty annoyed to find out the star scheme is bullshit :(

• ⁨Comment⁩ on ⁨Wealthy Australians are worried we might realise how rigged the system is in their favour⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:

  Your idea works great as described. The system has grown beyond that though. Capitalists receive these IOUs because they own a portion of a company that owns a thing that neither the company nor the capitalist has ever had anything to do with. They receive these IOUs in perpetuty, but they never provided any contribution to the creation of anything.

  Then you stack this a billion times, with IOUs servicing IOUs, amplifying the amount of IOUs, and skimming IOUs at every point from people who actually do the work, just to increase the number of IOUs held by a handful of people, until those people who contribute nothing, now hold the majority of the worlds IOUs.

  This is fucked.

• ⁨Comment⁩ on ⁨Wealthy Australians are worried we might realise how rigged the system is in their favour⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:

  It’s pretty obvious, it’s right there in the name, capitalism.

  Shit sucks.

• ⁨Comment⁩ on ⁨Taxing actual rather than unrealised super gains would mean ‘significant’ costs for millions of Australians, Treasury says⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:

  That’s absurd. Reporting super details to the government for 80,000 Australians would not be a significant ongoing cost for any competent provider.

  There would be an initial cost to develop the reports, the ongoing cost would be minimal as it would be spread across the existing costs to maintain their reporting infrastructure.

  If somehow this is true for some super providers, you should avoid those providers as they are already operating with incredible inefficiency.

  I do wonder how it would work for those in defined benefit schemes, but I doubt any of those are above the $3m threshold.