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The Green vote declined, and the Katter Party disappeared. Many Australians who wanted to vote for us at the election, as I said, believed the press and the propaganda that a vote for Palmer was a wasted vote, as Palmer wouldn't win a seat. Now they know that's not true and our vote has solidified. The entrenchment of the two-party system in this country not only threatens democracy, it destroys the creativity of the nation. It robs from all of us the benefit of each other's ideas, wisdom and innovation. We need to separate the role of journalism from the internet (bloggers?), we have to meet the challenge of the new age and a new challenge for journalism in this country. To ensure mainstream journalism is different from information on the internet and all the other things. Verification, reliability, sources, should be the catch-cry of a healthy press and healthy democracy. For journalists in this country hold a sacred obligation to protect the people's right to know, to verify and to ask questions and that's something I fully support. But today in this country, the main issue facing this nation is our economy and what's going to happen to it. And you've seen the Liberal Party and the Labor Party hide and focus (from focussing?) on these issues. You've seen them run away from answering these real questions. You've seen Tony Abbott say before the last election that we have to bring the debt down; you've seen Joe Hockey increase the debt ceiling. When you increase the debt ceiling it's like putting more on your credit card, you don't want to face the truth; you don't want to face what we should be doing. That's not a bad story, but we've got to face the issues and come to terms with them. You know the community agrees with each other on 95 per cent of all issues, but our politicians in Canberra waste the time, waste the taxpayers' money by highlighting the five per cent of things that we don't agree on, rather than implementing and changing the things we do. Labor wants to spend, Liberals want to cut, but Palmer United wants to expand and grow our economy just like other countries have around the world, such as President Obama in the United States and what's happened to the Japanese economy. All of those economic policies could help us here in Australia and they're policies for growth, creation of more value, support of the revenue by real achievement of growth of the nation. We must increase our domestic demand. Domestic demand in this country is at the lowest ebb. For a long time it's been fashionable for the press and others to talk about the foreign demand, the mining boom and things like that, but we have a demand, we have a purchasing power in this country. And how can we do that? We can do that by increasing the amount of money that is available in the Australian economy to employ that. And how can we best do that without blowing out the debt? The forward estimates for the year - the Treasury paper in August 2013 - projected provisional tax receipts for the year 2014 would exceed $70 billion. $70 billion! Instead of companies paying tax quarterly, in advance, based on their estimate of what they may or may not earn, we need to let them pay it yearly based on what they actually do earn. If we keep $70 billion that the Government's now getting in advance in the hands of enterprises, because they know better how to spend it than the Government does, it will create a lot of domestic demand, it will create a lot of jobs and will save a lot of Government revenue. We can end unemployment, as we see it, as a problem and turbo charge our economy, and in doing so we can wipe off some of the deficits that we face. If $70 billion is spent by individual taxpayers even once during that twelve-month period, the Government gets an extra ten per cent GST. That's an extra $7 billion of revenue. If it's spent twice or three times during that year, they'll get an extra 21 or $28 billion. I estimate the cost of doing that to Government is around about 700 to 800 million dollars, the way the cash flow is, I'm happy to go through that with you. But it dwarfs the amount of benefit available to the Government, and it dwarfs the amount of money available to grow the economy. You all knew how Kevin Rudd stimulated the economy when he gave away money, well that was about a $10 billion hit. I'm talking about something that is seven times greater than that. All of you have met businessmen, and seen businessmen, who are crying out for help and support because they have to pay money in advance. Our companies and our businesses are zapped of the funds they need to grow. And, of course, as that happens, as we get more domestic demand, we could get more hospitals, schools and a rising living standard. We can use our money better than the Government can, basically. 222 The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia


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