Comments on: The writing on the wall http://inside.org.au/the-writing-on-the-wall/ Current affairs and culture Wed, 08 Sep 2010 02:28:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Martin http://inside.org.au/the-writing-on-the-wall/comment-page-1/#comment-50893 Martin Thu, 14 Jan 2010 10:53:44 +0000 http://inside.org.au/?p=5231#comment-50893 As a consumer I love an over supply - great bargains! Nothing wrong with cheap wine, just like there's nothing wrong with cheap computers ... I don't hear anybody complaining about them. Let the market sort it out otherwise we'll end up another government cash fuelled scheme that distorts the market like the tax breaks that helped create the problem in the first place. As a consumer I love an over supply – great bargains! Nothing wrong with cheap wine, just like there’s nothing wrong with cheap computers … I don’t hear anybody complaining about them. Let the market sort it out otherwise we’ll end up another government cash fuelled scheme that distorts the market like the tax breaks that helped create the problem in the first place.

]]> By: mike seabrook http://inside.org.au/the-writing-on-the-wall/comment-page-1/#comment-50664 mike seabrook Tue, 12 Jan 2010 00:16:02 +0000 http://inside.org.au/?p=5231#comment-50664 The problem (one of the problems) of oversupply (cruelling the traditional wine grape growing families' future) is that the Riverland growers through their co-op financed the International Wine Investment Fund which in turn financed one of the largest management investment scheme grape growers in australia. The MIS tax punters are largely going to be the last to get out of production as they have 15 or so year contracts with the MIS promotors and their associated parties who want to continue receiving their contracted est 10% of sale proceeds plus charges their associated entities are making for services to the managed investment scheme vineyards, no matter what losses the MIS vineyards are making, with the MIS punters being called on to make up the losses. The MIS punters would have been no worse off by paying the taxes and punting the balance on lotto tickets or the pokies. The problem (one of the problems) of oversupply (cruelling the traditional wine grape growing families’ future) is that the Riverland growers through their co-op financed the International Wine Investment Fund which in turn financed one of the largest management investment scheme grape growers in australia.

The MIS tax punters are largely going to be the last to get out of production as they have 15 or so year contracts with the MIS promotors and their associated parties who want to continue receiving their contracted est 10% of sale proceeds plus charges their associated entities are making for services to the managed investment scheme vineyards, no matter what losses the MIS vineyards are making, with the MIS punters being called on to make up the losses.

The MIS punters would have been no worse off by paying the taxes and punting the balance on lotto tickets or the pokies.

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