Govt land sell-off: $3 billion in prime properties up for grabs

[Litespeed]

Keep the beautiful heritage sites for public use not seel cheap and make billions for untaxed private profit .

 

Start taxing properly and it would not be a problem.

[facthunter]

Who is really going to bother to Look at or USE them? They WON"T be sold cheap or for Private and Untaxed profit .  it would go into Consolidated Revenue and would certainly be closely documented and scrutinised and Maybe pay off DEBT. which this gov't has already DONE a lot of.  . Nev

[onetrack]

The big problem is, that Govt assets are nearly always sold at below market prices to "mates in the know", who promptly turn them over for a massive profit. And the Govt then takes the money they got from the assets and pisses it up against the wall on vastly overpriced, often under-utilised, and generally vastly problematic, Defence purchases. Just look at the exorbitant and ever-increasing pricing of the MD F-35 fighter as an example.

 

I employed a young Scottish bloke many years ago, who had worked for Marconi in the U.K. He said the rip-off profits staggered him when he sighted the figures.

Marconi were supplying radar and navigation aids to the IAF in the late '60's, and he said, typically, a small electrical component that cost Marconi something like £14, was billed out to the IAF at a figure around £1,000!

[facthunter]

I Can't see how that would be easy in this case. Look to submarines, If you want to see Corruption, AND MANUS Island. Nev