Gerry Harvey: Shift FHBs to Dubbo, Amazon a terrorist

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Ah yes, the policy-making billionaire, via News:

Speaking to news.com.au after reporting the company’s best ever half-year profit, Mr Harvey said Amazon was “not a good corporate citizen” and if Australia had a choice, it should stop the retailer coming in, “like Donald Trump not letting the Muslims in”.

“They’re parasites, they just want to pay everyone minimum wages,” he said. “If you had a choice you’d say don’t let them in.”

Mr Harvey warned consumers that predatory pricing was “part of Amazon’s long-term plan” to control the market.

“It’s so obvious. They come in and because of their power in the marketplace they can sell things as loss-leaders to make no money and send everyone broke, then put up the price.”

…“They pay virtually no company tax [globally] and make virtually no profit in relation to their turnover. They’re not good corporate citizens, they send lots of people broke, they contribute virtually nothing to society. They’re not someone that we’d want around the place.”

…Asked for his advice for struggling first-home buyers, Mr Harvey said technology could ease the burden by allowing employers to work remotely from more affordable regional centres.

“It’s pretty difficult if you’re out there trying to get into the housing market in capital cities at the moment, particularly Sydney and Melbourne, but if you don’t want that you can go to the other capitals, or Dubbo or somewhere where it’s not as expensive,” he said.

…“Because of technology advances it does allow people now to more easily work from home.”

Everything – young, old, rich, poor, local, foreign – twisted around one indomitable truth: benefit meeeeeeeeeeeeee…….

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.