The "big announcement" made in Cairns yesterday was the arrival of limited, e-commerce service from Swedish furniture retailer Ikea.
Clearly Cairns is too small to support a giant furniture operation like Ikea. But Ikea has discovered how weak the taxation system is in Australia and are now planning to milk this cash cow for all its worth. Why invest in bricks and mortar when you can strip sales out of Cairns, Townsville, and other regional cities with virtually no investment?
Last year, Ikea booked almost $1Billion in sales. (John MacKenzie thinks it sounds more impressive if we call it "1 thousand million", but he's an idiot).
$1Billion. And Ikea paid a total of $10.7MILLION in tax. About 1%.
YOU CAN'T MAKE THIS SHIT UP.
So Chamber of Fools CEO Deb Hancock bleats 'we should get our own store so we can increase jobs'. Hancock, with zero in successful business experience, regularly shoots off her mouth without engaging a brain. She's completely ignored the likely result of the Ikea announcement. ALL the other shops in town that sell shitty, cheap furniture will need to make staff redundancies and many will likely close. Super A-Mart, Freedom, VIP - all will likely take a header when Ikea begins servicing Cairns. Sure, Ikea has no "service", but neither do these other locals. And Ikea is 50% cheaper. Say goodbye to more jobs.
Then we've heard about the massive investment made in this year's Chinese New Year's celebration - you know, the one WITHOUT Chinese tourists. Lots of people knew the flights were cancelled, but that didn't stop Sleepy Manning and his layabouts from dropping big $$$ into the failed fete.
Finally, you can't beat the story about a young mother, appropriately named Cindy BOGAN, who complains bitterly that school supplies for her little rugrats cost her almost $200 EACH. She bemoans the discontinuation of the School Children Bonus Scheme bitching that the government should be paying for her little car thieves in training.
These child welfare schemes were part of the orgy of spending done under PM Kevin Gillard. It's no wonder kids are bagging over 2 cars a day now in Cairns - with parents who think the government should be raising them. What happened to "paying for your own kids"? Sounds like we've got a spoiled generation of millennial parents who need a little tough love.