Except our manufacturing industry has been hollowed out thanks to a high Australian dollar and total mismanagement of the mining boom. I would prefer it if this country actually made stuff still. The only thing we have is holes and houses...
I agree I wish I bought more stuff when the USD was weak. A lot of ways to improve the deficits, 1 is to scrap negative gearing for a start. Adjustments to Super Annuation tax loopholes that seem to benefit the already very wealthy.
In Europe they apply VAT to imported goods, but they don't make foreign companies comply, instead they just tax it on the way into Europe. However they can't catch everything so sometimes you get dinged, other times it comes through ok. It's a bit like a raffle . But it does encourage people to buy goods within the European Union. At least Europe still makes stuff.
I tend to agree for the most part, but what really irks me is the way this government has said "nothing is off the table" in terms of tax reform then vehemently refuse to scrap negative gearing or touch super annuation. The young in this country and being screwed to keep the older generation happy. The problem is this mentality is destroying our economy.
Since the USD/AUD is crap anyway I plan to buy more from Japan or locally with regard to S30z's. That is if the AUD can stay afloat.
Yeah they can't enforce local businesses to comply, but they can tax the goods as they arrive. In that way it will make the consumers pay more and therefore make local goods more competitive.
The thing that annoys me about a lot of Australian businesses is that when the exchange rate was favorable they didn't drop prices, instead they stay the same. As soon as the exchange rate goes the other way they jack the prices up. They double dip.