TheAustralianPost.com

Australia 8th Richest Country in the World?

According to International Monetary Fund Australia is the 8th richest country among the world’s 33 developed countries. The top countries ahead of Australia are Luxembourg, Singapore and Hong Kong, Norway, United States, Switzerland and the Netherlands. Luxembourg, Singapore and Hong Kong GDP are enlarged by multinationals attributing their income to countries with minimum tax rate.
Beside these three nations, Norway is the richest among the others thanks a million to its supply of off shore oil and gas supplies and exports. IMF estimates Australia to be taking the seventh place by 2013 taking over the Netherlands.
With all this 8th richest country in the world title, many Australian still struggles to pay for their homes are in debt, unemployed living in dole (unemployed benefits) and many more issues that are financial related. The politicians and Prime Minister’s are busy giving speeches about policies and just like every other time makes it always sound like a better policies than the actual policies itself.
Once I went to the shop to buy a jacket. It was a politix jacket, when I checked to see it where it was made in, to my surprise, guess what? It had two (2) made ins’ on the same jacket: MADE in AUSTRALIA on the bottom corner of the jacket and MADE in CHINA on the color of the jacket. Surely, it can’t be both; it has to be one or the other. We can’t be rich and be living in debt, loans and mortgages and the list goes on and you have to fill the rest…