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Australia ranked 61/63 countries for entrepreneurship

ceda.com.au

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Re: Australia ranked 61/63 countries for entrepreneurship

#51

Post by denkmoon »

andrewstuart wrote: post #49
denkmoon wrote: post #45

Earlier quoted context omitted.

I feel this is a little bit facetious. We literally just had an election which, I think, reaffirmed how much climate matters to the average Australian, and how many people want economic security that doesn't involve digging shit out of the ground and putting it on a boat. I will agree though that entrepreneurship does not rate highly for most people. Most just want a 9-5 they can forget about when they go home. "Hust…

In Australia an election outcome is ultimately binary. You can't draw a single conclusion about why you ended up with a 0 or 1, based on the hundreds of issues that swirl around at election time. Unless you want to of course, in which case yes you can read a win or a loss as a clear message on one of the election issues.

There are 151 electorates, each with more than 2 candidates. I think seeing the election outcome as one single binary outcome based on which party achieved government is not right.

Re: Australia ranked 61/63 countries for entrepreneurship

#52

Post by oneplane »

threeseed wrote: post #36
peblos wrote: post #27

Earlier quoted context omitted.

I wouldn’t describe FTTN (or FTTC) as providing fibre services to customers FTTP services are increasing but still limited

The names literally describe what they do. They are providing fibre to the node or to the curb. For most people this is a massive reduction in the amount of faulty, old, poorly maintained copper that is being replaced: https://delimiter.com.au/2012/05/01/worst-of-the-worst-photo...

How the *** are those even allowed to be built like that? Since they all have the same form factor, crimps, "pits" (?????) etc. someone must have thought that those were acceptable materials to build communication infrastructure with? What? How? Why? I thought this was a bad copper node in an older part of the network: https://www.madicom.nl/wp-content/uploads/950_670-7.jpg (old pre-VDSL cabinet) but it looks like a fresh high-grade install compared to those 2012 examples. Maybe we're just lucky with higher population density and not much happening between the street cabinet and the premises.

DOCSIS version of the same type of cabinet with a better view: https://www.madicom.nl/wp-content/uploads/950_670-3.jpg They are essentially grey metal boxes on a concrete block with feed-throughs for tubes where the lines pass through, and then there's a backboard where you usually find DIN-rails or just screw-in devices and your labelled cables either go to a termination block or straight into the distribution block. The termination block has the benefit of not needing 'wire extensions' since once they are in they will never have to come out unless corrosion happens (but the gravel mixed with some absorbing stuff should prevent most of that).

Maybe I should go for some digital archaeology of public communication infrastructure gore because thinking about it some more it has to be at least as bad around here in some places.

Re: Australia ranked 61/63 countries for entrepreneurship

#53

Post by entangledqubit »

HappyTypist wrote: post #19
orzig wrote: post #6

Australians: Do you think it’s cultural, economic, or policy?

47% taxes above A$180k/yr (US$125k/yr). Very little loopholes like in the US that allow you to reduce your tax paid. So considerably less monetary incentive to 'make it big'. For entrepreneurs who want to do that, why not move to the USA and come back to Australia when you want to settle down and have a family?

Is the entrepreneurial equity tax picture the same? In the US, it's all about the capital gains rate. Australia appears to have a similar setup where gains from an asset held for more than a year are taxed at half the rate. That would bring it in line with the US rate.

Even for the raw income tax rate you cite, any place paying the really high salaries, historically, has been at a similar rate.

Re: Australia ranked 61/63 countries for entrepreneurship

#54

Post by dragonsky67 »

rrrhys wrote: post #46
andrewstuart wrote: post #32

A short education about what matters in Australia, for those who don't live here * me * my money * my house must keep going up in value * selling mineral resources to other countries * selling energy resources to other countries * selling residential real estate to other countries * selling agricultural land and farms to other countries * other stuff Things that matter, but not much, or not at all: * environment * ot…

You forgot "The Boats" from the super important stuff list.

Your level of concern about "The Boats" is directly related to which shock jock you listen to on morning radio.

I would suggest that most younger people have a well tuned bullshit detector and have a pretty good idea of what is important to their and the countries futures.

Politian's who try to pull the fear lever have a fairly small audience these days, as evidenced in the recent federal election.

Re: Australia ranked 61/63 countries for entrepreneurship

#55

Post by dragonsky67 »

xyzzy123 wrote: post #30
bob778 wrote: post #20

It’s worth noting many of these metrics are measuring the quality 4-5 years ago, and I think its improving relatively quickly. That said, the quality of internet is such a silly metric. Almost all places, including rural Australia, have better than 25/15 with metro areas having fiber due to the NBN rollout. That really is not our limiting factor - our culture and generally small funding amounts is.

What's interesting to me is that Australian tech investment is a wasteland BUT there's a strong "take a punt" culture in resource exploration / prospecting. There are definitely people out there with money and a healthy risk appetite so it doesn't seem impossible to connect those dots. From my perspective an equal problem to lack of investment is very high property values and living costs.

May be related to the high level of government support resource extraction attracts. I've a feeling that this is going to change somewhat.

Re: Australia ranked 61/63 countries for entrepreneurship

#56

Post by dragonsky67 »

combyn8tor wrote: post #48
andrewstuart wrote: post #32

A short education about what matters in Australia, for those who don't live here * me * my money * my house must keep going up in value * selling mineral resources to other countries * selling energy resources to other countries * selling residential real estate to other countries * selling agricultural land and farms to other countries * other stuff Things that matter, but not much, or not at all: * environment * ot…

> other people's financial position IMO this is pretty much top of the priorities in Sydney. How much money someone is perceived to have is usually intertwined into their description along with where they live and how much money their parents have.

Australia is more than just Sydney... I've a feeling that Sydney has it's own culture and problems.

Re: Australia ranked 61/63 countries for entrepreneurship

#57

Post by LilBytes »

andrewstuart wrote: post #31

what does it actually mean?

Australia lacks entrepreneurs because there's less risk in property than any other business venture. You can throw your time and money into the property market which is guaranteed to be successful because of things like negative gearing and capital gains tax benefits.

Negative gearing allows you to use expenses from owning property as a land lord against your own income to reduce your taxable income. while the asset (property, land) balloon in value. [0]

Eventually you can sell the property and land for huge profits while using it as a tax avoidance strategy while the asset grows in value and even then at sale, you get massive Capital Gains Tax discounts.[1]

There's so many incredible benefits to being a land lord in Australia which is helping fuel the ballooning property market, which is why this is typically the first investment priority for most people here.

[0] https://rentbetter.com.au/view/tax-benefits-for-landlords/

[1] https://www.realestate.com.au/advice/how-to-avoid-capital-ga...

Re: Australia ranked 61/63 countries for entrepreneurship

#58

Post by jimmydorry »

bob778 wrote: post #16
yawnxyz wrote: post #12

Earlier quoted context omitted.

I was surprised by how terrible NBN is, and how expensive/rare fiber internet is in Sydney. People commonly complain how bad internet access is in the US, but at least the major cities have access to fiber...

Almost 95% of Sydney has fiber thanks to the NBN? (FTTN or better)

Except our packages are crippled to match the lowest common denominator. If everyone can't reach >100mbit, then apparently no-one can have it. My FTTB is capable of much more than 100mbit, but no higher packages are offered via NBN.

Re: Australia ranked 61/63 countries for entrepreneurship

#59

Post by yawnxyz »

bob778 wrote: post #16
yawnxyz wrote: post #12

Earlier quoted context omitted.

I was surprised by how terrible NBN is, and how expensive/rare fiber internet is in Sydney. People commonly complain how bad internet access is in the US, but at least the major cities have access to fiber...

Almost 95% of Sydney has fiber thanks to the NBN? (FTTN or better)

just checked... we only get coax speeds in our neighborhood (ugh)

Re: Australia ranked 61/63 countries for entrepreneurship

#60

Post by paranoidrobot »

cgio wrote: post #29
HappyTypist wrote: post #15

Earlier quoted context omitted.

How can you even buy a 1/4 acre house without making millions? Those go for $2-5 million in Sydney.

As an immigrant to Australia, the dream is now being able to rent it. Cannot say that I feel that there is tall poppy at work, things can be quite creative and competitive. Schools do give that feeling of subdued expectations. I’d say education is the key factor for subpar performance, with very limited focus on academic achievement and inter generational education segregation partially built into the system. Austral…

> the dream is now being able to rent it

I'm not sure that's the dream. For me it's a massive cause of anxiety and recurring stress.

I've been renting for my entire adult life in NSW. Despite NSW (and Australia in general) having pretty decent tenant protections - it's getting increasingly difficult to find a landlord/real-estate agent who isn't trying to just outright screw their tenants, because they can get away with it.

- Constantly pushing rental rates, at absolutely every opportunity. Owning rental property is no longer just a solid investment that'll pay itself off, no, they're pushing the whole the-most-the-market-will-bear aspect.

- Forcing use of rental payment platforms that are privacy invasive and charge additional fees (rather than just free direct-deposit)

- Completely ignoring basic tenant requests, unless you force their hand.

- Outright abusive and even unlawful contracts and if you protest - well fuck you, find somewhere else to live.

You're never able to be totally secure, because landlords are able to just toss you out, no reason or cause - or able to construct causes if you're able to protest them.

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