Could OzBargainer's impulse buying things that perhaps are not needed also fuelling and contributing to inflation through non-discretionary spending?
eg. Buying because just on sale/discount - but no need for it?
OzBargainers Creating Inflation through Non-Discretionary Spending
Poll Options
- 71YES
- 45NO
- 11Maybe
Comments
I think a lot of us here won't spend a dollar on anything that doesn't bring us real value. But have the cash to buy most things we need. If that's being a tightarse I'm proud to wear that.
Seriously no mention of profit from PureVPN cashback? ;-) tax free …
I wish we could buy houses, cars, gold bars, etc. in Temu with big cashback (you are dreaming) …
You can be a reseller and make bank, that's if you can live with yourself and not hang yourself when begin reselling jerrycans son FBM, using bots to buy toddler sneakers, scalping Wiggles, Bluey and Taylor Swift tickets and stealing Pokémon cards from children. This could be your chance!
reselling jerrycans son FBM
Compliance is Mandatory: It is illegal to sell or supply fuel containers that do not meet Australian Standard AS 2906.
Penalty Risks: In some states, such as Tasmania, individuals selling non-compliant containers can face fines exceeding $7,000, while businesses can be fined over $34,000.
Plastic Age Limit: Plastic jerrycans cannot be sold if they are older than 5 years from the date of manufacture (check the date stamp moulded into the plastic).
scalping Wiggles, Bluey and Taylor Swift tickets
In Australia, reselling music tickets for profit is generally illegal. Under state laws (such as in NSW and Victoria), you cannot resell a ticket for more than 10% above its original face value, plus transaction costs.
Selling for more than 10% profit can result in massive fines (up to $110,000+ for corporations or $22,000 for individuals in some states).
@neoleo: Selling concert tickets and festival tickets for more than 10% profit is done for almost every concert and the norm since the early 2000's in every state. Laws don't mean anything or jack shit, where there is demand there will always be some who will supply the goods. The problem is that resellers use underhanded tactics like using bots to grab all supply, that is why everyone hates them so much. It's not fair. The problem is even if they outlaw and ban resellers from selling anything above 10% profit the market will move underground (it probably already has for tax evasion purposes). What promoters and organizers and companies need to do is make enough supply for everyone and that will kill resellers.
Laws don't mean anything or jack shit, where there is demand there will always be some who will supply the goods.
hyperventilates
What promoters and organizers and companies need to do is make enough supply for everyone and that will kill resellers.
If a venue has a 500 seat capacity, I don't think there is much utility in selling 501 seats.
If a company only has the capacity to produce 500 widgets, they aren't physically capable of producing 501.
The only way anybody could produce enough of anything for everybody is to take payment for preorders ahead of production
Nobody is ever going to force anybody to produce more than they might be able to sell. If they happen to make 27million squidgets available for sale, what happens if they only sell two million? Who eats that cost and how could they ever set a price if they don't know how many of an item they can sell?
Are you expecting the farmers to grow enough cows so that everybody can buy as much eye fillet as they want?
Are you expecting that Oroton to produce 27 million pieces of every luxury good?
If Australia imports anything, they can only do it if they import 27 million pieces of that thing?
Are you expecting that anybody who produces anything must make 27 million of each thing?
Nobody is going to interfere with the basic economic principle of scarcity. It's literally what drives supply and demand and underpins the very basic principles of a free market.
Unless you buy your goods directly from the manufacturer, EVERYBODY is a reseller.
The school tuck shop is a reseller.
Everybody's goal is to make money. If people aren't able to make the money they desire, they'll just stop making everything.
OzBargainersAlbo Creating Inflation through Non-Discretionary SpendingFTFY…
Government spending is the main reason for our inflation.
Government spending is the main reason for our inflation.
The government being scammed with the NDIS is the main reason for our inflation.
100% the NDIS is a joke and a burden for taxpayers. 750,000 people on the NDIS? $54 billion a year + DSP pensions + free public/social housing? Are you serious? It's really lost its social license due to massive fraud and waste. Sadly In 5 to 10 years' time, it's gone completely and services will go back to the states to deliver.
It's a shame that people with severe physical disabilities will be the first ones to lose vital services. No one wants to see them suffer but abuse the system like everyone has including care agencies, parents & almost every other stakeholder in the disability industry and eventually it's going to be badly cut and the whole NDIS will be dead.
I don't understand why we're spending on average $100,000 per person on the NDIS. These people don't contribute anything to society yet are likely living a lifestyle better than a single income minimum wage earner. It's disgusting.
@cheekymonkey97: I'm not going to 'dehumanize' or bash people who have legitimate severe disabilities. They deserve packages.
The problem that so many people are on it is unsustainable, you also have to factor in Centrelink DSP pensions, free social public housing and even concession cards discounts and cheap meds. It's unfair that people who do not study, do not work, do not contribute in any way get so much. No one has a problem with severe disabilities but people on the autism spectrum and mental health should never have been included in the first place.
The whole NDIS is corrupt, from the clients to the agencies to the workers. Why does it cost tens of thousands of dollars per year to take a client out for a coffee and pretend to clean their home? It's ridiculous.
You see the fraud and corruption when you see middle aged men in their late 20's/early 30's who can't work, study or even walk because they took too many drugs and fk'd themselves up with $100,000 mobilized scooters. It's a total joke and a piss take.
@GardenGnome: Oh, I completely agree. My friend has a son who is wheelchair bound, completely non-verbal, and needs full time care. That family goes through hell and back to get things funded for him. I'm one of those people who has one of the currently flavour of the day "disabilities" (ie. autism, adhd, etc.) and even I think it's outrageous that they are included. Corruption is rife in the NDIS and the government needs to wind it back
asapyears ago.I'm one of those people who has one of the currently flavour of the day "disabilities" (ie. autism, adhd, etc.)
ADHD has NEVER been included in the NDIS.
ASD 1 has NEVER been included in the NDIS.
ASD 2 has been included n the NDIS for children under 10, but they are currently being transitioned off NDIS and into another ASD specific program.
ASD 3 - it is included, and you do not have that.
Corruption is rife in the NDIS and the government needs to wind it back asap years ago.
They are working on it. Loopholes are being closed, some things wound back and shysters being identified and prosecuted.
Oh, I completely agree. My friend has a son who is wheelchair bound, completely non-verbal, and needs full time care.
Why don't they qualify for NDIS?
That family goes through hell and back to get things funded for him.
Funding for what?
DSP pensions, free social public housing and even concession cards discounts and cheap meds. It's unfair that people who do not study, do not work, do not contribute in any way get so much.
These have absolutely nothing to do with NDIS.
Furthermore, not everybody who qualifies for NDIS qualifies for DSP and vice versa
Same for concession cards and meds.
Regardless, I don't think that social housing is free for anybody.
No one has a problem with severe disabilities but people on the autism spectrum and mental health should never have been included in the first place.
I'll concede that level 1 & 2 ASD don't belong on the NDIS. You will be pleased to know that level 1 never were and they're currently in the process of transitioning level 2 ASD off the NDIS and onto an ASD specific program.
But as for the rest - I have no words. You want to exclude people with significant impairments and diseases of the mind from accessing support for their disability?
Holy shit. Level 3 ASD and a host of other mental infirmaries should not receive any govt support, you want to leave them to rot and work their own lives out?
What do you want to do with them?
You see the fraud and corruption when you see middle aged men in their late 20's/early 30's who can't work, study or even walk because they took too many drugs and fk'd themselves up with $100,000 mobilized scooters.
Absolutely just made all of that up.
NDIS is not available for addictions and,
NOBODY is receiving $100,000 mobility scooters.I'm not going to 'dehumanize' or bash people who have legitimate severe disabilities. They deserve packages.
But then you did.
people on the autism spectrum and mental health should never have been included in the first place.
Where do you think those with PDD's or other severe mental illnesses should be included?
Agree, ASD 2 should never have been included (and govt agrees, and are currently fixing that)
But ASD 3? Wow. I suppose that also extends to schizophrenia and cPTSD as well, eh? Intellectually impaired (IQ below 70)?
Wow. Just wow.
I have only witnessed something so cruel one other time.
What do you want to do with these people, euthanise them?
What do you want to do with these people, euthanise them?
Every time we debate and argue about the corrupt and fraud infested NDIS you come out with the same line to deflect from the NDIS problems.
No one is killing anyone, to suggest otherwise is just bullshit and deflecting from the real issues with fear mongering crap.
I'm going to have a coffee or two and come back to reply to your objections/points on my post. I respect your opinions, but I think they are wrong.
And yes, I just learnt how to quote posts! Learn something new everyday.
Where do you think those with PDD's or other severe mental illnesses should be included?
Not on the NDIS. There is no justification for giving clients who should be served by state services and health providers being given huge $10K+ packages. The problem is there is no state services anymore because the NDIS is such a cash cow and the states don't want to fund anything anymore.
Most people with severe mental illness are either in prison, group/residential homes, homeless, public housing or in state run psych wards or institutions. How can they access NDIS is those situations? They can't, and the people in the community well they are being abused and used by care providers and agencies in regard to packages.
But ASD 3? Wow. I suppose that also extends to schizophrenia and cPTSD as well, eh? Intellectually impaired (IQ below 70)?
First, I'll address intellectually impaired as YOU know full well most people with IQ below 70 have other 'severe' multiple disabilities that affect their day to day living and life and they do deserve packages. There are very few children and adults who have a low IQ but nothing else, it's a non-issue and a red herring. Again, NO ONE has an issue with ANYONE with severe disabilities getting care packages, NO ONE including impaired children and adults with low IQ and multiple other disabilities.
Schizophrenia & cPTSD and general mental health, well there is a problem with mental health the same issue with autism diagnosis and reports, it's become an issue of paying for reports which has resulted in a corrupt industry of people offering services for people getting packages. Again, how does NDIS apply to people who are homeless or in prison? It doesn't and those are the two situations where people need the most support for severe mental health conditions.
People with mental health deserve help, they are human beings and should be treated with empathy and respect, just not on the NDIS. I'm not and will never say people with 'severe' mental health issues are lesser people and deserve to be treated like crap, but sadly that's what most of society does.
With mental health it's the case If your rich and have good doctors who can write expensive paid for NDIS reports then you get in, how fair is that? That's not equality and that's not a fair go; it's the opposite of fairness and doesn't serve the whole community or who needs it most. It's corrupt and prone to people buying packages, it's a disgrace honestly.
@GardenGnome: Your contribution is filled with lies, misinformation and very little fact. It sickened me to read it.
Just your generalisations alone are reprehensible..
You need to learn what the NDIS does and exactly what it provides. Evidently, you don't even know what is needed for anybody to gain access.
I completely agree with you that there are many people abusing this system and the powers that be are working towards addressing that. It is terrible that people do this, particularly those who exploit some of our most vulnerable members of society.
Hopefully we will begin to see better management in the future, but there will always be outlier cases and there will always be some people who manage to exploit the system.
I'll leave you with this:
It currently costs an average of $165,000 per year for each person who is incarcerated.
That is on top of all the other costs incurred before they are detained.
@GardenGnome: Your contribution is filled with lies, misinformation and very little fact. It sickened me to read it.
There is no point arguing with you, in every post and every thread I post in you are deliberately antagonistic and argumentative.
But I respect your opinion and your view, you stick to your guns no matter what. But no one or no issue is beyond debate and discussion.
It currently costs an average of $165,000 per year for each person who is incarcerated.
Yes, I know, I haven't seen the statistics lately but it's probably 80% in prison who have severe mental illness condition or intellectual disability.
Yes, I know, I haven't seen the statistics lately but it's probably 80% in prison who have severe mental illness condition or intellectual disability.
Unless they're housed in the hospitals for the criminally insane (such as Martin Bryant), then that's just something else you've made up.
There is no way we have four times more people detained in hospitals for the criminally insane than in the general prison population.
Stop making things up. Learn a few things and you'll be able to use your energies with something helpful.
There is no point arguing with you, in every post and every thread I post in you are deliberately antagonistic and argumentative.
You don't want to argue with me because I am argumentative?
I'm not going to agree with you when you make untruthful statements or representations. If you do that on purpose, I hope that you're ashamed, but if you do this by accident, at least try to find out a few facts about what you are talking - it will make it a lot easier to agree with you :)
With mental health it's the case If you're rich and have good doctors who can write expensive paid for NDIS reports then you get in, how fair is that?
Those with access to the public system can get reports from their health care providers and NDIS provides agencies to help people navigate and access this, pay for any detailed reports they require at no upfront charge.
If you qualify for access to the NDIS, this is taken out of your initial funding.
So stop with all the crap.
People with mental health deserve help, they are human beings and should be treated with empathy and respect, just not on the NDIS.
ITS A DISABILITY INSURANCE SCHEME
Some mental illnesses are classified as a disability, so why should they not be included?
The scheme recognises five different types of disability, why are you only concerned about those with a disability arising from poor mental health?
You know that not all mental illnesses qualify, right? And you know that only the most severe forms of those that do qualify do, right?
But why are you singling out those with a mental health disability? Even our legal system includes those. Why aren't you targeting any of the four other types of disability the cover?
Yes, they made a mistake trying to include children's development disorders in them, but they're addressing this and allocating their care to other sectors.
But why are you singling out those with a mental health disability? Even our legal system includes those. Why aren't you targeting any of the four other types of disability the cover?
You have to draw the line somewhere and somewhere is mental health except in very extreme cases or youth mental health. In the end besides the DSP, concession card for cheap meds, public housing and Medicare bulk billed psych session what more can you offer people with mental health?
If those things are covered what are you going to do or what services are needed? What are the NDIS going to do? Buy them a coffee once a week/ Clean their house? Do their shopping? Is that worth tens of thousands of dollars a year?
Why aren't you targeting any of the four other types of disability the cover?
I have with developmental delay type disabilities which you agree should never have been included, I'll get to the others next when I come back from Church, yes I actually go to church on Sunday.
In the end besides the DSP, concession card for cheap meds, public housing and Medicare bulk billed psych session what more can you offer people with mental health?
Ummm DSP, concession card, cheap meds and public housing are all only available for "poor people". Access to any of that is income dependent.
You don't just get any of that because you have a disability.
But hang on, according to you they can't afford the assessment to gain access to NDIS, so they're not accessing both anyway.
BTW, you have to do more to qualify for the DSP than the NDIS. So if they've qualified for DSP, they've got enough to qualify for NDIS if it's a disability under their umbrella.
what more can you offer people with mental health?
Really? What do you believe that the NDIS provides qualifying people with mental illness?
Now compare that with what is actually provided.
What do you believe the NDIS does for people with a physical disability - or one of the other types?
BTW, not everybody is given support for cleaning and the NDIS definitely does not pay for anybody's coffee - something else you have made up.
As for the other stuff, absolutely. If an Occupational Therapist determines they can't do those things for themselves, then of course they will be provided with support to help them access those things.
If they can't do their shopping for themself, then how do you suggest that they get food or do their shopping?
I have with developmental delay type disabilities which you agree should never have been included,
They aren't a disability. They're not one of the five disabilities covered by NDIS.
That was just the govt being lazy and trying to piggy back off the wrong system. It was never included in the model when it was first developed.
They just tried to replace the old way of managing these with the wrong thing. Fortunately, they've seen the error of their ways.
End of the day though, it really doesn't matter in the grand scheme of things. Sure, they're not accessing assistance via the NDIS, but both the old and new products are still paying the same money for it.
Ummm DSP, concession card, cheap meds and public housing are all only available for "poor people". Access to any of that is income dependent.
I agree it's income dependent for sure, but my point is what more can you offer people who don't contribute? How much do they actually need?
You know the problem with mental health and diagnosis such as schizophrenia and other mental illnesses is the major problem is getting them to take their medication every day of the year. Bad things happen (as seen on the news everyday) when people do not take their medication then combined with substance abuse mostly methamphetamine use resulting in drug induced psychosis.
If you can supply people with cheap meds and Medicare subsidized psych visits, public housing & DSP pensions what more can you do? There are very few people in the community who are that 'at risk' or that sick that need intensive care. Most are in prison, psych wards or institutions or residential/group homes, or homeless they are not in the community.
We are just throwing bad money after bad money, what is needed is some personal responsibility from people with mental illness. Mutual responsibility agreements are needed, don't take your meds and take drugs and you get no benefits. Take your meds, don't take drugs, study, work then you should get rewarded. But without mutual responsibility your just wasting money on people who don't give a shit.
As for the other stuff, absolutely. If an Occupational Therapist determines they can't do those things for themselves, then of course they will be provided with support to help them access those things.
The problem is everyone and their dog is on the NDIS and have ruined the program because of their own greed, NO ONE has a problem with people with severe disabilities receiving packages for those things. The problem is everyone is receiving huge packages, it's unfair and unsustainable and eventually the NDIS will be terminated leaving people who really need it worse off.
If they can't do their shopping for themself, then how do you suggest that they get food or do their shopping?
This is the reality. Most of the people who can't do shopping or cleaning are living in group/residential homes, homeless or in prison or psychiatric institutions. The rest are supported and helped by family(parents). You're talking about a tiny amount of people living in the community who are getting huge packages for those things. Again, how much do they need? When should we say enough is enough?
Again, how does NDIS apply to people who are homeless or in prison?
Now you're just being silly. It applies to them the same way every other govt benefit does.
What a silly question.
It doesn't and those are the two situations where people need the most support for severe mental health conditions.
Those who are incarcerated have access to better disability support than people in the general population.
And as for those with severe mental illness? They have entire prisons for those with severe mental impairments, where do you think the likes of Martin Bryant was being incarcerated?
Now you're just being silly. It applies to them the same way every other govt benefit does.
So, it doesn't is the answer for those in prison, and for the homeless? Do you think NDIS support workers are visiting them when sleeping rough or doing the homeless shopping or cleaning their tent? You know full well government benefits including NDIS and Centrelink pensions are taken away the minute a person enters a prison. NDIS does not apply.
And as for those with severe mental illness? They have entire prisons for those with severe mental impairments, where do you think the likes of Martin Bryant was being incarcerated?
Well, you agree then, most people with severe mental illness are in prisons of some sort, group/residential homes that are basically prisons in lockdown 24/7, psychiatric intuitions for people deemed mentally unfit to be punished by the CJS, or psych wards.
NDIS is not needed in most of these cases dealing with severe menta illness, there is support of all kinds from with these institutions and services.
@GardenGnome: Hello, following this post, I find myself in the position where I have no alternative than to hide your posts.
I have tried my very best to help you to understand or learn how the NDIS works, what it is intended to provide and when and to whom it provides that support.
You are not interested in accepting that which I offer (fair enough), but you are also refusing to do any research to discover any facts to support your wildly misguided and overly generalised perspective.
There will be no point in you responding to me, but I warmly encourage you to do some research about the NDIS.
One thing to Google would be "why are people with mental illnesses given access to NDIS?"
Just pray that you never find yourself in a situation where your quality of life may depend on such a govt provided insurance scheme.
I know I do and am grateful for every moment I don't need that kind of support to lead a meaningful and productive life with social inclusion, dignity and respect and be forced to be exposed to the truly horrible judgemental attitudes such as yours that believe that I am some substandard kind of human unworthy of such support.
I expected so much more from somebody who so proudly announced that they went to church.
I wish you well.
@Muppet Detector: Typical of people like you, smug & arrogant & totally up themselves and if you don't agree block and ban dissenting views.
YOU are the primary reason the NDIS is stuffed will eventually be shutdown. Everyone does not deserve to be on government welfare.
And why not be honest, you either working the disability sector, work as a political staffer for either Labor or the Greens or work in academia.
Maybe you're on the NDIS yourself, maybe your children are. Maybe you are a part of the fraud & corruption. We will never know, will we?
I don't care if you block me, it shows that people like you who support bad policies and bad programs are unable to see the forest from the trees.
Your choice, but how many up votes do you receive from your posts? Not many. Anyway, good luck with life in you woke bubble.
"Government spending is the main reason for our inflation" - no it's not because Jim Chalmers says it isn't - don't you believe him?
It is right now.
But it is about to be hit with the double whammy of high fuel prices. There is barely anything in our economy that does not have fuel as an input cost.
Wrong. I'm no fan of the uniparty governments, but they're not the primary (direct) cause of inflation. Commercial bank lending directly expanding the money supply (and diminishing the purchasing power of everyone else's money… more money chasing the same amount of goods and services) is the primary cause. The federal government expanding the population (and demand for everything) is the second leading cause.
I see it
I like it
I want it
I got it— Ariana Grande
You want it, I got it, go get it, I'll buy it
- T.I.
buy
now
pay
later
We are saving business by quickly and efficiently clearing their sale stock when they need a bit of help. #Teamplayers
The problem is with OzRRP+, not OzBargain.
The inflation caused by the Australian public is far outweighed by the inflation caused by the Federal and state governments since COVID.
Nah, Government spending is now 27% of GDP. That is the highest amount since the 80's…
Government (especially Vic) are fueling the inflation fire.
I think you misread tsumani's comment.
That wouldn't be very professional. Ozbargainers are professionals, don't you know?!!
According to Gemini AI:
"Market Reach: OzBargain has approximately 948,000 frequent users. While significant, this is a small fraction of the total $391 billion Australian retail market.Primary Inflation Drivers: Current inflation in Australia (sitting around 3.8% as of early 2026) is primarily driven by Housing (+6.8%), Food and non-alcoholic beverages (+3.1%), and Insurance/Financial Services, rather than discretionary retail bargains
There is no official economic data that attributes a specific percentage of Australian inflation to "OzBargainers" or the platform itself. However, broader economic analysis suggests that the type of online deal-hunting OzBargain facilitates actually has a net deflationary effect rather than an inflationary one."
I think you’ll find a lot of those buyers are only buying those products to resell at higher prices. It’s not even for personal use.
Sometimes it's very sad and kind of makes you sick seeing people rape deals within minutes of it being posted here. Hyper consumerism is pretty bad.
Combines with the huge amount of the garbage people reselling deals posted on here that rips of consumers it doesn't leave a good feeling in your stomach.
Why is it sad? If I'm in the market for a new laptop to replace my currently 13 year old Macbook and I see an amazing deal, I'm absolutely going to jump on it. There's many people out there in the same situation. People aren't "raping" deals for the fun of it.
I think you will find there are a lot and I mean A LOT of resellers on here and using that telegram bot or other bots who buy to resell on various marketplaces.
Are their genuine bargain hunters like you and me? Off course but you're (and myself) in the minority I would assume when it comes to certain items.
Just look @ Pokemon card deals, laptop deals, any sort of Lego, sneakers, TVs. And then you have the pre gift cards and other shady money laundering stuff.
I guess it's the cold hard kiss of empty consumerism sometimes means this site can be shallow. I enjoy the forum/comment posts honestly, not the deals
I don't think its OzBargainers per se, but there's a lot of discretionary spending happening. I live in a city and when I go walking I see cafes, pubs and restaurants doing a roaring trade. I'm sure some of us indulge in regular retail therapy. Although probably trivial compared to mortgage stress and fuel costs atm.
My indicator is urban ducks - which are doing just fine. When things were tight in Australia's past there wouldn't have been hoards of ducks etc wandering around…..
Please don't tell me people actually take ducks home to butcher… that's got to be a new low lol
I've shot ducks in the country, butchered and eaten them. Why should it be different in the city. It's good to know where your food comes from.
My neighbour used to shoot sparrows in the backyard and cook them in a tomato sauce. They were quite nice but bony. A delicacy from his country of birth apparently.
The numbers dont suggest it atm. When things are actually tough - the ducks will start to disappear.
Please don't tell me people actually take ducks home to butcher… that's got to be a new low lol
As long as they're not pet ducks or protected species, health and safety concerns aside, (and any laws prohibiting this), why is this bad?
It's ok to eat animals as long as somebody breeds them on a farm?
The kind of spending on OzBargain tends to drive high volumes in the discretionary goods sector, where inflation is typically lower than in labor-intensive services or essential goods. While adding to overall consumption volume, bargain-hunting is generally a deflationary force on the specific items being bought. We are driving down the price of motorised plastic poops, whilst the cost of essentials like meat and rent go up as Australia as a whole throws more and more money at limited amounts of those things.
double-digit inflation number next time around.
Nah
Yeah nah
My ozbargain induced spending increases inflation in the same magnitude as my trip to and from work in the car causes climate change
The non-discretionary goods discussed on this site are generally highly DEflationary in nature-
White goods/Appliances
TVs
External Hard Drives
Electric CarsI think you're confused, "discretionary" spending = wants (TV, HDD)
"non-discretionary" spending = needs. (Whitegoods, transport)Understanding the difference between wants and needs seems to be part of the inflation problem.
I do understand the difference but I misread it. So ignore my comment.
discretionary spending leads to inflation when the demand outpaces capacity.
I dont think ozbargain has enough power to do so.
As an example, https://www.ozbargain.com.au/node/925432
lets say there were 600 purchases - that's 3000L if iso alcohol, or 3 pallets.
According to google, Australia went through 29,000 tones last year.
3/29000*100 = 1%.
Discretionary spending is falling. I'm seeing this in my eBay sales. They've fallen off a cliff in March compared to previous months, and same time last year.
So don't worry: it's already happening.
Government spending is the main driver of inflation
It's insane that people are downvoting this. I wish people would take their Labor/Liberal hats off and recognise the deep excrement we're in. Never before have taxpayers spent so much on government before and it continues to grow and this is the result of successive PM's on both sides of the isle (especially Morrison and Albanese).
Government departments need to be slashed/dismantled. Thousands of bureaucrats need to be dismissed and the NDIS needs to be scrapped completely to get our country back on track.
Standard play book from the 'far left' gaslight people to thinking it isnt socialism that is the problem
Inflation is caused by two primary factors:
Monetary Expansion: An increase in the supply of money, primarily driven by commercial banks issuing loans. This process involves creating new money out of nothing, which leads to inflation across all goods and services because there is more money chasing the same amount of goods and services.
Demand-Pull Inflation: An increase in demand for specific goods and services, such as discretionary spending by ozbargainers. This type of inflation primarily affects the prices of the specific items in high demand. However, it's essential to note that discretionary spending, in this case, is not a significant contributor to overall inflation.
However, an increase in demand can have a broader impact on inflation, specifically when the population grows and demand for most goods and services increases.
TL;DR:
Inflation is caused by:
Private banks create more money when they issue loans. 95% of all AUD was created by private banks this way. <— government does not control
More people in the country. i.e. mass immigration <— government controls
The ALP government spending is the main driver of inflation (corrected)
Any genuine ozbargainer is such a tight ass they are likley well below the average discretionary spending for their income class.
Buying random bargains wont bring them above that average in most cases.