Tag: What’s the Scam?

Playing chicken to the detriment of democracy and cost to the taxpayer – Michael West

What's the scam

Far too often, government departments and its agencies deny Freedom of Information requests without good reason. It leads to unnecessary delays, costs, and the withholding of information that the public deserves to know. What’s the scam?

Source: Playing chicken to the detriment of democracy and cost to the taxpayer – Michael West

Nazis and grifters think you’re stupid enough to fall for trans panic, Australia | The Shot

You don’t necessarily need to march in a parade, or donate to a charity, or cover yourself in glitter and pretend to be interested in The Real Housewives franchise, or go to a drag show – you just need to be smart enough to see that anti-trans hysteria is being pushed on you because they think you’re weak enough to fall for it.

Source: Nazis and grifters think you’re stupid enough to fall for trans panic, Australia | The Shot

The amazing Giuseppi Porcelli hits the CEO big-time without the help of a single customer – Michael West

Giuseppi Porcelli, Tony Abbott

He pulled a Trump and overvalued his assets and isn’t in court why?

In short, this is how he did it. Giuseppe decided to use accounting wizardry to turn Lakeba from a humble software development company into a high-flying investment company. This allowed him to claim the increase in the value of his multiple separate ventures as revenue, without the need to have much real customer revenue. He hired an “independent” valuer, whose identity remains a secret, who revalued the businesses.

The aim was to launch it on the ASX in a float, and possibly still is.

Source: The amazing Giuseppi Porcelli hits the CEO big-time without the help of a single customer – Michael West

Carbon credits and offsets – What’s the scam? – Michael West

Carbon Credits

Carbon offset is replacing the pollution of one company with the non-pollution of another. Carbon credits are the trading mechanism for carbon offsets. Or put another way, a company that directly or indirectly emits a lot of carbon dioxide has two choices. It can continue to do so, and be penalised for not helping to reduce its carbon footprint (e.g. by regulators, government or shareholders), or, it can buy carbon credits to offset its own emission from someone who have earned such credits.

Source: Carbon credits and offsets – What’s the scam? – Michael West

Media caps off a week of super dishonesty over super. What’s the scam? – Michael West

https://michaelwest.com.au/wp-content/uploads/2023/03/oz.super_.png

The whining in corporate media over Treasurer Jim Chalmers modest changes to superannuation has been at fever pitch all week. What’s the scam?

Source: Media caps off a week of super dishonesty over super. What’s the scam? – Michael West

Is Adani the next Enron? What’s the scam? – Michael West

Gautam Adani

A research report published in the US this week cites numerous concerns with Adani’s business structure, accounting practices and its lofty valuation. Echoing Enron – one of the most spectacular corporate failures in recent history – the report even questions how Adani makes money, if at all. What’s the scam?

Source: Is Adani the next Enron? What’s the scam? – Michael West

Rex Hex: PM’s office backflips, refuses to release Albo’s diaries – Michael West

What's the scam?

Now an explanation is needed

After telling Rex Patrick his PM’s Diary FOI request would be processed for $1,344, and after Rex paid the deposit, the Prime Minister’s Office has backflipped and is now refusing to process the request for 29 pages on the grounds that doing so “would substantially and unreasonable interfere with the performance of the [Prime] Minister’s functions”. What’s the scam?

Source: Rex Hex: PM’s office backflips, refuses to release Albo’s diaries – Michael West

Kevin from Santos loves public hand-outs, loathes tax, lashes Labor’s little gas price limit as “Soviet” – Michael West

Santos, Rupert Murdoch

Kevin Gallagher was paid $37m over five years, more than Santos booked in profits, while they paid zero tax, raked in $20bn income from government gas permits, and never complained once about the $50bn of public subsidies to the fossil fuel sector. What’s the scam?

Source: Kevin from Santos loves public hand-outs, loathes tax, lashes Labor’s little gas price limit as “Soviet” – Michael West