As both major parties continue to make big promises this election campaign, Today’s Money Expert, Joel Gibson, puts the pledges through the “cost of living calculator.” | *Subscribe and 🔔: http://9Soci.al/KM6e50GjSK9*

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27 COMMENTS

  1. Labor has a better promise as it still promotes working. Liberals are doing what they have condemned and want to give a free hand out (that tax payers will eventually have to pay back) they are desperate.

  2. China has more agricultural/industrial/commercial robots than the rest of the world combined, 10 times the US does. It's leading in many other critical technologies too. The only real things the US has left is advanced chip design (not even manufacturing without Taiwan) and some of the pharmaceuticals. It’s not even leading in the research and application of nuclear technology (not quantity but quality) and genetic engineering on many degrees compared to China. In non-critical areas China is also at the forefront, highways, bridges, tunnels, car making, ship building, the construction and manufacturing of many other types of projects. While California may be still struggling in their high speed rail to be hopefully completed sooner than later anyway, China's two-thirds of the world's bullet trains most operating at 250~380km/h (155~236 mph) are the safest in the world and almost never late since more than a decade ago. Just an example, a very QUICK AND SIMPLE EXAMPLE

  3. As to energy bills,
    China is leading in the research and application of…
    Coal-derived chemicals technology,
    Smart grid technology,
    Green hydrogen technology,
    Wind technology,
    Hydropower technology,
    Ultra-high voltage power transmission technology and has the largest network of UHV lines,
    Nuclear technology,
    Directed energy technology,
    Ocean drilling technology,
    Solar technology,
    Ultra capacitor technology and
    Advanced energy storage technology.
    There are many others, but 12 is a good number.
    Just an example, a very QUICK AND SIMPLE EXAMPLE

  4. China leads in standard ceiling height.
    China leads in standard lane widths (slightly above the US and Australia, and far exceeding many European countries except Germany and Sweden).
    China leads in longer wheelbase car sales.
    China leads in high-power vehicles (especially EVs) technology.
    Just an example, a very QUICK AND SIMPLE EXAMPLE

  5. We all know about Wuhan, so take it as an example. Search wuhan 2024 no.10, indeed a lot of infrastructure there as you can see. But that's just the most superficial layer of the skin and the least important. That's why it's alarming.

  6. batteries for houses, works well for people who cant afford anything.. labor fail.
    lowering the price of fuel should reduce the freight which should reduce the overall cost of living, woolworths/coles should reduce prices. they used fuel as an excuse to raise them liberal Success
    Incometax cut ok.. so an extra few hundred dollars.. wow 500$ thanks for 1 week of expenses fuel and food. labor fail.
    Buy a house with the government. Labor fail.
    use super for deposit.. its your money so why not. Liberal success.

  7. Comparison of three programs

    Submarine Program: Estimated at $368 billion over 30 years, $818 per taxpayer per year . The NDIS’s annual cost per taxpayer ($2,760) is roughly 3.4–4.6 times higher than the submarine program’s annualized cost.
    Pension Increase to Minimum Wage: Estimated at $30.16 billion annually, or $2,010.67 per taxpayer per year The NDIS’s annual cost per taxpayer ($2,760) is about 1.37 times higher than the pension increase.
    The submarine program should be scrapped as uneccesary in a future world of cheap robot swarming

    The NDIS should be scrapped and money issued direct to the needy to make their own decisions

    The pension should be increased to the minimum wage urgently.😊

  8. None of them are talking about cutting regulations and heavily reducing government spending. All of these ‘promises’ are coming straight out of our hip pockets. There is no real relief in sight when the majority of the public is left in the dark and doesn’t comprehend the state of our economy and the direction our country is heading.

  9. The same promise everytime there is an election.what about if we dont waste time voting?we citizens are struggling to survive everyday.middle class and rich are getting richer while we are burried with debt trying to survive.they cant control the banks interest rate every few months,rent are so expensive,food are expensive,everything are expensive and our wages still the same low.70yrs old still working just to get by or will live on the street.

  10. According to Numbeo, while the cost of living in Sydney, and other suburbs can be considered moderately expensive compared to some other cities in the world, it is not exceptionally high. The cost of living varies significantly depending on household size and location, including the specific suburb within Sydney. For example, a single person's monthly expenses in Sydney (excluding rent) can range from approximately $1,740 to $5,047 when including rent. A family of four can expect to spend around $6,196 monthly without rent, and about $12,576 when factoring in rent.

  11. Federal labor government approve 200 thousands visa in February 2025 alone creating more housing crisis. Labor had already let in millions of people from overseas to become citizen who are richer can then buy houses built by Labor government..voters should know who is making trouble for them

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