Series 11 Episode 31

Hi and welcome, this is Cory…

You’d be hard pressed to find an everyday down to Earth Aussie that hasn’t been affected in some way by the economic downturn, higher prices and interest rate hikes.

Many large companies that we deal with, often on a daily basis, are there for us, they understand what you and I are going through. How nice. How caring. How gullible do some of them think we are.

You’d remember during the age of lockdowns in Australia, the former government’s “Job Keeper” programme, whereby instead of giving employees money to survive the situation, the Coalition gave the money and millions of it to businesses to keep Australian’s in a job.

Some who legally received the payments, probably should not have been considered worthy of taxpayer funds, particularly when they still managed to record huge profits. Harvey Norman was one of those Australian companies that sought government funds via “Job Keeper”. The company was heaped with scorn for only paying back a very small percentage of the money. Some didn’t pay back a cent.

So you can understand why Australian’s might be somewhat disappointed, when in 2023, at least three big Aussie businesses are recording massive profits, yet all customers see are high and increasing prices.

https://www.abc.net.au/news/2023-02-23/supermarket-profits-surge-as-inflation-spikes-coles-woolworths/102004616

https://www.abc.net.au/news/2023-02-23/qantas-profit-result-february-2023/102012212

https://www.theguardian.com/australia-news/2022/nov/03/australia-tax-transparency-report-almost-a-third-large-companies-pay-zero-income-tax

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The CORY feed. A Podcast from Cory O’Connor - on Anchor, Apple, Google, iHeart Radio, Spotify and more. Find clickable links and contact information for the show at the following website.

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