In Oz there's over 21,000 laws governing the individual these days....

And about 10% of the population is employed by the government.

@@lukeaaron5588 it's fortunate that there are several *big* loopholes for most of them ;) You just gotta know :)

And the bastards are still screwing us hard.

Highjacking this comment to say that the rules he's talking about was neo-liberalism. This policy destroyed the Australian middle class by killing manufacturing and brought about the rise of China. Next time ya watching sky news tell you about the Chinese threat remember this man is a billionaire cos he cut Australians out and looked to foreign markets.

@@Activemeasures2023 his comment transcends the boundaries of any country and applies to all Governments: Most if not all Governments spend the taxpayers money’s poorly, at best. That’s the point of that comment. You wanna be Wombat. We are good people here, free us of your random hate, save it for your poor reflection whilst gazing upon it in your own mirror mirror on the wall, you deserve it, most of all. Thank you, good night. I’ll be here all week.

@@sirmount9156 government spends it better than him - for dumb ass luxurious stuff which pollutes the air unnecessarily and uncalled for, lobbying to change other laws to make him richer and reinforce his monopoly while making the ‘working people’ poorer and barely meeting the ends, for dumb ass entertainment which creates generations of morons who think that’s what life and culture is all about and aim to become the next prick who hasn’t done one thing in life than cheat others out of their hard work!

@@thegoodthebadandtheugly579 you don't have to work for him or buy his products. He didn't steal the money, people gave it to him voluntarily. Tax is mandatory, if you don't comprehend the difference your iq is substandard and you vote on the left...

Then paid for the heart equipment that saved him to be installed in every ambulance and made no noise about the donation at all. As Aussie as it gets.

⁠@@MichaelSmithAUthe equipment that he donated is known as the Packer Whackers. 😂😂

you got it! Imagine if you also knew how to legally minimise your taxes like a Boss... oh wait, maybe you do? www.bit.ly/24tax

When stirred his tea after telling the government to F off …. Boss

And what did you learn? Just the boss aura?

Because he was 100% right. They had nothing on him. They just wanted more of his money. Governments do that when they’re not doing ahhh.. what else do governments do?

Glory

I hate you 😂

Todd packer has two thumbs

Epic!

Isn't he nicknamed "Fudge"?

I'm laughing so hard

You kNowwwww

I was trying to place him while watching it - thanks lol

Maybe this is a Marvel "What if..." Episode Lol

Someone had to say it

I knew he looked familiar... Thanks 🤣

Why was he a fool?

@@andrewboychurch LOL

@@andrewboychurch You got me laughing... Government never, ever, spends money as good and as naturally as private citizens do! And about this great hate for the rich you have... Well, maybe you should try having good ideas and products yourself, and distributing them too, if you want to have money. I don't mind having good products sold to me, so go on, start doing something instead of complaining.

@@andrewboychurch Government is notorious for spending money extremely inefficiently(and often ineffectively) no matter what country you are from. There is very little consequence to the politicians either way - a government isn't going to collapse from spending too much in a year - so they just spend on whatever they're getting lobbied the hardest to spend on which, unfortunately, tends to be things that only benefit a small group of people. Many private businesses could completely fold from a single year of being unprofitable, so they have far more incentive to spend efficiently. I dunno what wacko world you come from, but most of the rest of us are very well aware of all of this. If the government can do it, a private entity could do it far more efficiently. That is not debatable. Lol

He's still a prick... obviously life is so unfair that he's a fucking billionaire

Why not NZ? I'm interested to know

@@mwaleed2082 tax?

@@mwaleed2082 Tax of course, but like Australia, it suffers from nanny-state over regulation. The government wants to convert the whole country into one safe space.

@@jimmyfleebot who and how?

Isn't NZ even more woke than Oz ?

They wouldnt care

why? he's wrong on almost everything he said. australia is actually better today than it was in the past. new laws do sometimes replace old ones and when they don't it's not necessarily a problem, as economic complexity increases so will regulatory, and many of times bureaucracy does fk up are a result of corporate meddling through regulatory capture and introducing barriers to entry to new competitors and burdening smaller businesses. if rich people can use th elaw to pay a lot less tax than others, the law should change. and often those loopholes are there because of rich party donors in the first place. if its contrary to the spirit of the law, they should change it.

@@shway1 nah

@@venglomarci yeah

@@shway1 Australia is a woke joke

He made cricket! He bought it to the masses. Nine's Wide World Of Sport!

It's always people who have no experience in the field they are scrutinizing. Happens in the UK always

You're lying. Provide evidence to prove your lie. You can't haha. Fuck wit.

@@sergeybrin9765 lol performance humor is so beyond comprehension

@@sergeybrin9765 1 like haha you fuckwit.

"Honour" with a U. It's the Commonwealth!!

When kerry packer walks into the court room, the judge pleas guilty

Yeah this definitley wasn't click bait .

>he uses loopholes >They try to fix the loopholes >"We don't need more legislation duh"

@@rayquaza1vs1deoxys They are a bunch of fools. Government are scammers. All they do is sit around and think how can they take people's freedom away. That's their daily job. How to limit people's freedom.

That's just a foolish take. There are plenty of laws that are enacted with flaws to allow for loopholes that contradict the spirit of the law. When slavery was abolished in the US, many laws were enacted but the result was segregation and continued racial discrimination - which is exactly contrary to the spirit of the abolition movement. Laws are never perfect and they will never fully capture the values of the people, but that's no reason to refuse to enact new laws that fix known problems and improve the laws. As for the purpose of government, if you can find an alternative to government in its current form that's proven to contribute to human progress more than the current form does, by all means go ahead and adopt that. Until then, you should act like a sane person and work on fixing the existing system instead of throwing a tantrum like a child.

@zxbc That's the thing, a lot of people aren't interested in real solutions, they just want to bitch. "Guvment sucks, we should abolish politicians." "Police suck, we should abolish law enforcement." Thanks for the input, fucktards. Open your mouths when you have real ideas to share.

@@farzana6676 And what do you propose? Deregulate? So the rich gets even richer? Freedom to the people applies to everyone. This includes billionaires. And this means they get the freedom to take more money from the people. Hike their prices, fake competition, appeal to the fringes. I’m not a fan of big government, but big corporations is just as bad. One tries to take away freedom from the people, and the other tries to tale money from the people

laws are not interchangable, some are much more significant than others, and they do sometiems get repealed/replaced. be suspicious of anyone who makes this kind of quantitative argument. as economic complexity increases so does regulatory.

@@shway1 that simply isn't true, government needs to stick to taking care of things that are impracticable to do individually, that's their job. Tax law is absolutely needlessly complicated because of all the special interest lobbying, it could be greatly simplified. More laws does not equal a better society.

@@aae7725 yes special interests like corporations and billionaires keep adding complex loopholes and then people in this comment section simp for them. simplified doesn't mean reducing the tax base, that's another very obvious rhetorical trick they use as well as simplistically framing the issue of laws as a quantitative one. I agree government should stick to doing things it does best, like providing infrastructure, education, healthcare, public transit, public housing, welfare, funding for basic research and acting as a counterbalance to the negative effects of the private sector (negative externalities, inequality, the business cycle)

you have been watching some George Carlin :) It's not too late to join the club ;)

Cristian Porter understands the spirit of the law?

Argument / defense... Certainly not a speech

@@pattheegreat yeah, basically he's just defending himself with that one point "I'm just following the law that I'd successfully exploited for my benefits so don't change it" and rephrase it to make it 2 minutes

Hahaha man you need to be a bit more selective then lol

It's not that great

@@greyrabbit2157 I dont get what these folks find soooo impressive there

did he pass away or something

@@rawjor Quite a while ago. Memorable man, not necessarily one to admire, smart and tough though.

@@rawjor some time ago

@@rawjor Died in 2015.

@@gospelofrye6881 2005

John mcAfee

You need to be rich like him to do it.

"more people like him"?? You mean billionaires? Because His billions protect him.

@@guardianobserver6593 do you not think for a moment it is refreshing to hear from a person of that status addressing this head on?? Oh his billions will protect - you sound like a jealous no body.

@@ReedoAce Yeahh. I am jealous of his billions. The patriark Niarkos of the famous Greek family he "showered" with curses the politicians in their offices where he could go uninvited and also in public interviews. Yes! The same billions that use to pay the politicians, protect them also from almost everything. Now go drink your milk like a good boy and play your video games. Life will learn you all this and more, regardless if you want it or not!

Nevertheless business and investment are easiest way to make money irrespective of which party makes it to the oval office.

@@smithwillison6345 Despite all the economic crisis, this is still go of time to start up an investment.

@@alenjoshua6620 The rich see's economic crisis as garage sale, that's why investing right now will be the best decision.

Having more of your income confiscated,your entire life in exchange of substandard government run service isn't anything to brag about. its actually embarrassing..

@@devinclifford8144 Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life.

Catweasle be sure to do that. Packer read the rules and set a precedent. “Tax is optional”. Many of my clients use the rules; millions of Australians don’t even know them.

Following the intended spirit of legislation and regulation is an important contextual part of said legislation/regulation. If the ‘spirit of the law’ is not also followed, then the amount of legislation required increases hugely as everything must be taken perfectly literally, which is just inefficient.

@@Lucas.02. Wrong and it's very efficient. Imagine if programmers wrote with some ridiculous notion of spirit. They write according to the strict rules of the interpreter. There is no gray area, your programs can't be interpreted more than one way. Every programmer knows the rules of the interpreter so they can read each other's code very easily and use it for themselves if needed. This idea that we should somehow understand an unknown spirit of the law is nothing but a bug for the serfs and a feature for the tyrants.

@@mattbrown292 having a background in both computing and legal/reg compliance, I can understand why you think that, and for programming, sure, that’s completely true. From a legal perspective, however, it doesn’t work too well that way. Laws and regs are deliberately written to be vague in certain places, as to ensure that their scope is not extremely limited. The concept of the ‘spirit’ is used similarly to how you might view a sport - you play by both the rules, but also by the spirit in which those rules are written. Deliberately and knowingly exploiting loopholes created by vagueness is not in the spirit of the game, and the same applies to laws and regs.

@@Lucas.02. you should stop while you're behind.

@@Joe-sn6ir how am I behind? I work with this for my job, I know what I’m talking about. I explained quite clearly why vagueness is an important function of legislation, and am yet to receive a proper response which does anything other than draw a barely applicable comparison which doesn’t work with the matter at hand. Unless you’ve got something to add, I suggest you pipe down.

And employees responsibility is to not allow that happen. And when it is forced, leave.

@@CrashPCcz Ooooor, maybe we should be looking at another way of getting the best out of people rather than always reducing all people to the least common denominator? 🤷‍♂️

Yes because it's about survival. Following all the rules the politicians bastards do? Only idiots do that.

Sometimes I wonder if the US government is worse or the Australian government is.

Rubbish. Laws restrict unwanted activities like murder, fraud, discrimination, tax evasion. Those are not rights and freedoms.

@@philipwilliams5808 The laws they pass: 1. have nothing to do with murder since that has been well defined for a long time except for the unborn 2. sometimes with fraud, but never their own 3. often with discrimination of newly defined victim groups trying to gain power over everyone else instead of equality 4. and only with tax “evasion” when they discover the laws they previously passed don’t raise enough revenue for their increasingly profligate spending and they want to punish through added taxation those who prospered more than they had hoped by following those laws.

@@HQBergeron It is impossible to have a perfect set of laws. Even with murder you said it yourself, "except for the unborn". Make abortion illegal and half the country gets angry, make it legal and the other half gets angry. The line of when killing a human is murder is widely not agreed upon and if something like _that_ is in such a position... New laws are always going to feel like a curtailing of freedom to someone, even if a given law actually yields an increase in the liberty of most. Such a person very well could get up on a soapbox and shout about the how the law has infringed on their liberty and have the people that law benefits agree with them. Still, I firmly consider new laws that address circumstances where events have transpired through present freedom of the market to have yielded a result that benefits only a few at the expense of many are not bad unless they are poorly written. For example, price gouging with products that are necessary for health (e.g. insulin). There are several ways to address such a situation using laws.

@@moreplease998 My major point is that all too many laws are ill conceived and self serving or are serving a constituency who fund the re-election of those who would make more laws which would be self-serving to those people. Most of the remainder are laws which deal with the fallout of previous laws. It is the rare law which actually regulates anything which contributes to the fundamental betterment of society. In general, I advocate for fewer laws which are more carefully written, and which have defined expiration dates unless reviewed and updated to account for changing circumstances, and which become permanent law only when they have survived for several generations without need for change. When we get to the point where we cannot review these laws expediently, we have too many which are too poorly crafted to survive review without need for frequent change and thus should be scrapped and rethought. This process would bring us closer to a set of more perfect laws, but which I agree will never be truly perfect. The case of killing the unborn should be easy to recognize as murder and rectified in law by specifically declaring the unborn as fully human and possessing of all human rights, yet we have not. This would not even be necessary since the unborn should be understood by all to be human beings from conception, but the judicial branch has fallen for the fallacious arguments of adults who can speak for themselves while failing to protect the rights of the unborn who cannot, a horrible dereliction of their duties. The unborn are the most innocent humans possible, having not had any opportunity to become corrupted by perceived self interest or to break any law or even to yet know about law. Only those in a position to take the lives of the unborn are subject to those things, and it is only they who do things like define away the humanity of the unborn so they may not have standing in court to even be spoken for by someone who can speak. Yet not a single one of us has become what we are without first having been allowed to live through the well understood part of the human life cycle of being yet unborn. What hypocrisy. The approximately half of us who take that hypocritical position may further try to claim the right of a woman to control her own body, yet fail to acknowledge that she is in need of this “right” precisely because she and a male collaborator failed to control their bodies when they had the opportunity. This resulted in the well foreseeable creation of a new human body and human being over whom they are subsequently claiming the right to put to death, almost always for the purpose of their own convenience, not their own survival. What is this if not premeditated murder for personal gain? Our laws should reflect this, not protect those who out of self interest and convenience would seek to use it as yet another manner of birth control when there are already so many other options available which they irresponsibly failed to use. And I will gladly discuss the fringe cases where anyone thinks this may not be exactly the case if they will concede that this is EXACTLY the case in the vast majority of abortions.

Timothy Cunningham Packer was a wise man indeed. He loved the underdog and disliked bureaucrats and stupid authorities. How can you follow his example?

I am not following anyone mate. I am making my own opportunities in this world and it's financial markets. Which have been quite profitable. Packer is a legend and a genius. I would never try to replicate him. I know what im good at and i stick to it.

This man should be our PM same like Trump in the US

@@cryptocurrencyweekly5007 don't interpret the question on how to replicate "follow" him... Clearly you have direction, but have you stood up for anyone else, or challenged the system? Hence the clip n rhetorical question from Jeremy. Oz Gumnut State n Federal love you to preoccupy yourself and ignore the encroachment of your liberties.

very classy move :) Once you are freed from forcibly paying a percentage of your money to unnecessary bureaucracy, you can become more generous in giving to your fellow humans :)

Wayne Turner that’s true! And after Kerry paved the way, all Aussies could use the legislation and do likewise 🤗

Wayne Turner Agreed, that’s what a great & successful business man looks like. The US president could of learned a thing or two from Mr Packer.

If only James was like his dad. Our current government would cop a right serving. Kerry would roll over in his grave if he knew what was happening to Australia these days. RIP Kerry

@@topshiba293 yes.... too true Aussie Blue...And that's coming from a kiwi who experienced the RAF of State n Federal Corruption. You Guys need a revolution to ensure ya have a sovereign future...

Why?

Excellent points. Our society survived for centuries without income tax; sales tax was enough to fund schools, roads, hospitals, the armed forces etc. Have you heard of the Tobin Tax?

@@JeremyBritton there were no schools or hospitals hundreds of years ago at least not for the common folk, now military spending that goes back thousands of years

Lost me at income tax! Taxation = Theft

@MichaelKingsfordGray Blimey you really have a hard on for peoples names don't you?!!... Weirdo!!

Yes. There is a certain type of person who is attracted to a strongman, one whose actions are unchecked and whose motives are purely for the public (not private) good. When it comes to complex issues that bedevils public policy, their judgement is superb and insightful. And it is okay to lock up or threaten those who disagree. Is that the politics you want?

You need to read the rise and rise of Kerry Packer. Might change your mind. This was a brilliant performance put together by a bunch of intelligent people he had around him.

John Howard and malcom Fraser yes two slim balls there.

Probably need to read a little more into what was actually going on here.

true dat! You made the money, and the government spends it recklessly, so give it away directly to the poor... Isn't that what Jesus said: give to the poor (NOT the govt)?

hell no

you don't need it, just watch the next video

perhaps there could be Adam :) Why not try #taxchoice for yourself?

Theres plenty but none with the power that he had. No power = no voice, I'm afraid.

I am similar to Mr Packer in every way except I don't have any money 😭😭😭

be sure to also check out the promoted video at the end of this one, to learn how to do it also #taxchoice

Well it's not from today is it ? And there are plenty of entrepreneurs speaking truth all over the internet

he's full of shit though

Trump

"today"

Might've made more sense to actually pay his taxes and actively work towards sick kids having access to free and proper healthcare instead of random acts of charity that cost him nothing, are no solution to the actual problem, but let him feel better about himself and people like you justify his behaviour and his role in the problem. Might want to check Anand Giridharadras work on the subject kzfaq.info/get/bejne/fplirZdm1Ja7qHU.html

@@rudkazydel1060 He did pay his taxes. That was the point of the clip. The senators were just left wing dribblers like you who couldn't bear the fact that THEY drafted laws on what tax was payable, he COMPLIED with their laws, and then they decided they didn't like the outcome.

Give an example

The majority of the other folk get more freebies from the govt than they ever pay in, and rich pukes like this pick up the difference.

The gov is the problem

@@mrleafbeef634 They are both the problem. Don't try and absolve exploitative billionaires of responsibility simply because "gubmint bad."

search #taxchoice and join the crew :)

Glad you liked it!

You are an ignorant fool...kerry was brilliant and a great aussie

Neat just learned about him today .