Adelaide worse than Detroit

  1. 5,245 Posts.
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    Car Industry
    Our car industry cant survive even paying zero wages.
    Government bails out Holden with $3 billion and they cant survive.
    The interest  on $3 billion will pay for its workers wages for the next 100 years.

    Tourism
    The government wastes $50 million a year on  advertising tourism.
    Cutting public transport
    Cutting health

    Debt
    Detroit went bankrupt with debt 5,000 per person.
    South Australia  has debt $25,000 per person.

    Population
    Detroit 11% over age 65 age
    Adelaide over age 65   15% and rising
    Adelaide 23% born overseas (our population growth)

    Income
    180,000 people have an income less than $300 week
    Adelaide 12% of people and 17% of children live below poverty line.
    Column 1 Column 2 Column 3
    0 Detroit Persons below poverty level, percent, 2009-2013 39.3%  
    The poverty line – defined as 50 per cent of median income – was $400 a week for a single adult and $841 for a couple with two children in 2012. Australia.
    A Millionaire who has $1 million invested at 3.8% is living below poverty.
    This would only provide an income of  $730 week.
 
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