Independent Gerry Georgatos (WA) – Understanding Economics and People and the Gross National Product

Australia does try to underwrite a secure society with at least basic though minimal standards. Australia is not as harsh on its induced poor as America is. America is a country very harsh on its poor with millions living on the streets. We do have thereabouts 110,000 living homeless in Australia, and in WA there are 14,000 homeless, 24,000 applications for public housing accommodation. The 24,000 applications translate to 70,000 people in waiting.

Australia in its current financial year will spend $114 billion dollars out of a Gross National Product of $331 billion dollars. We have 6.6 million Centrelink recipients, obviously means tested and tiered in terms of supporting benefits. It is this type of underwriting that ensures some capacity for all people.

The remainder of the GNP is enormous capital even in light of the fact Centrelink expenditure is thereabouts one third of total GNP. We misspend funds on mythical border controls, unreasonable detainment of asylum seekers in unwarranted facilities and with unwarranted levels of supervision, and in wars where we have no business and where we have contributed to millions of deaths, and in unreasonable levels of expensive bureaucratic layers.

85% of the Australian located mining multinationals are overseas owned and much of our profit share market is foreign owned, included banking sectors. Had we regulated reinvestment in Australia from the profit share market our GNP would be higher. The eleven richest people in this country accumulate the equivalent of the aggregate annual incomes of the bottom 850,000 people in this country.

We need to nourish our social services and the infrastructure that can support equitable social inclusion. We need to work towards public transport being free, and most certainly for senior citizens and those on pensions. We need to make health care free, mental health care free, aged health care free, dental health care free. If we want to ensure the best lives for our humanity and the best for the future prospects of humankind we need to invest in people, and find profit within people and not profits before people. Gym memberships should be free or subsidised as they will bring about health benefits that in economic terms will lower the health burden/cost. The solutions are easy however the voices in Parliament are not there, nor the brilliant minds with the economic understandings and the true social consciousness.

Gerry Georgatos
Senate Candidate WA
Ecological, Social Justice, Aboriginal Party
Vote 1 in Box “U” on the WA Senate Ballot Paper on August 21

Media Contact: Gerry Georgatos – 0430 657 309
gerry_georgatos@yahoo.com.au

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