“They want to attack me having
a quid…They want to attack me and Lucy for working hard, investing, having a
go, making money, paying plenty of tax, giving back to the
community." [Malcolm Bligh Turnbull, The
Guardian, 25 June 2018]
“The
honourable member has asked about my investments, which are set out in the
members' interests disclosure….. If honourable members opposite want to
start a politics-of-envy campaign about it, I don't think they'll be telling
people anything they don't know.”
[Malcolm Bligh Turnbull, Hansard, 25 June 2018]
“It has
embraced the politics of envy and class war”;
[Malcolm Bligh Turnbull speaking about the parliamentary Labor Party, Hansard, 25 June 2018]
[Malcolm Bligh Turnbull speaking about the parliamentary Labor Party, Hansard, 25 June 2018]
“He says I'm a snob." [Malcolm Bligh Turnbull speaking about
Labor leader Bill Shorten, Hansard,
19 June 2018]
I can’t speak
for anybody else. However I would gladly “attack” the vainglorious Malcolm Bligh Turnbull - not for being wealthy but on the basis that:
(i) during
his time practising law he was allegedly not above abusing the legal process, a judge
stating in 1984 that he “managed
effectively to poison the fountain of justice”;
(ii) he reportedly
made millions from the logging industry in the Solomon Islands in the early
1990s – when Hong Kong-listed Axiom
Forest Resources of which he was chair virtually clear-felled its holdings
and, whose logging practises were considered "amongst
the worst in the world";
(iii) he was
at the centre of Australia’s biggest corporate failure to date in 2001, as
chairman of investment bank Goldman Sachs Australia, and many
ordinary working class people lost everything while he
walked away virtually unscathed;
(iv) as Water
Minister in the Howard Government in 2007 he wanted to wreck
water sustainability in the Clarence River catchment area on the NSW Far North Coast in order to satisfy Liberal-Nationals supporters in the Murray-Darling Basin;
(v) as an independently wealthy federal minister in 2007 Malcolm Turnbull was submitting claims to the Dept. of Finance for $175 accommodation costs per night while in Canberra even though he was staying at an ACT residence owned by his wife and, until he was caught out in 2014 also submitted claims of $10 per night if his wife came to stay at his ACT penthouse;
(v) as an independently wealthy federal minister in 2007 Malcolm Turnbull was submitting claims to the Dept. of Finance for $175 accommodation costs per night while in Canberra even though he was staying at an ACT residence owned by his wife and, until he was caught out in 2014 also submitted claims of $10 per night if his wife came to stay at his ACT penthouse;
(vi) as chair and managing
director of Goldman Sachs Australia and
partner in New York-based Gold Sachs and Co. from 1998 to 2001, he helped lay some of the early building blocks for the Global Financial Crisis;
(vii) his political judgement was so poor that, after meeting then public servant and Liberal Party supporter Godwin Grech in private on or about 12 June 2009, he asserted to parliament on 22 June that a forged email was a true document in an effort to bring down the government of the day;
(vii) his political judgement was so poor that, after meeting then public servant and Liberal Party supporter Godwin Grech in private on or about 12 June 2009, he asserted to parliament on 22 June that a forged email was a true document in an effort to bring down the government of the day;
(viii) he and
his government opposed
any real wage increase for workers on the minimum wage in a submission to the Fair
Work Commission and went on to actively support a cut
to penalty rates – safe in the knowledge that their own parliamentary
salaries would increase at fairly regular intervals;
(ix) he resisted
the creation of the Banking and Finance Royal Commission and set up
terms of reference which sought to nobble that commission;
(x) as
Communication’s Minister and then Prime Minister he
deliberately wrecked Australia’s hope of having world-class Internet
connections;
(xi) he
continues to move forward with imposing a punitive
cashless welfare payment system on the majority of welfare recipients while also continuing the reduction of funding to vital social services;
and
(xii) his
first response to any challenge to his world view is to sneer at both the
questioner and the content of the question.
An more authentic telling of Malcolm Turnbull’s own ‘poor boy made good’ story
Malcolm Bligh Turnbull went to a public primary school at Vaucluse in Sydney’s affluent
Eastern Suburbs for about three years. During this period the family
income was in the vicinity of £8,700 to £9,700 a year – with his mother
earning four times the average female wage as a successful screenwriter.
Then from the
age of eight he went to Sydney Grammar School as a border during and after his parent’s
divorce proceedings. He received a scholarship for at least part of that time.
When Malcolm
was in Year 10, his father bought a luxurious three-bedroom apartment in Point
Piper. The apartment had extensive water views and cost Bruce Turnbull est. $36,000.
Before that both he and his father had lived in a flat belonging to his mother.
He graduated
from university during the years when undergraduate and post-graduate tertiary
education was free of course fees in Australia. All this is on the public
record.
Malcom Turnbull
purchased his first house while still a university undergraduate.
At age 23 he
bought a semi-detached house in inner-Sydney Newtown for almost $50,000 and at
age 25 he bought a Redfern terrace for $40,000. He bought his own first home as
a married man, for an undisclosed sum in Potts Point, after returning from his stint as a Rhodes schlor at Oxford University.
Malcolm
Turnbull inherited assets worth an est. $2 million from his hotel-broker
father before he turned 29 years of age according to one of his
biographers, Paddy Manning.
He went into a cleaning business with former NSW premier Neville Wran. After the sale of his co-founding interest in IT company Oze Email Ltd for a reported $60 million, he also founded a merchant bank
with Nicholas Whitlam, son of the former prime minister (both Packer and Larry
Adler gave their financial backing for a short time).
In 2008 BRW reportedly estimated Malcolm and Lucy's joint wealth as $133 million and, in 2010 he was included in the BRW Rich 200 list for the second year running for having a personal fortune of $186 million. He and his wife Lucy went on to greater wealth which was last jointly estimated to be in the vicinity of $200 million.
In 2008 BRW reportedly estimated Malcolm and Lucy's joint wealth as $133 million and, in 2010 he was included in the BRW Rich 200 list for the second year running for having a personal fortune of $186 million. He and his wife Lucy went on to greater wealth which was last jointly estimated to be in the vicinity of $200 million.
His
last Statement
of Registrable Interests lists a veritable slew of financial
investments and an expensive property portfolio shared between he and his wife.
Malcolm
Turnbull’s annual
salary as Australia Prime Minister places him in the Top 10 for world leaders and even the most conservative estimation of his total annual income places him in the top 5 per cent in this country.
In the second half of 2016 Malcolm and Lucy Turnbull made a political donation towards the Liberal Party federal election campaign of $1.75 million.
In the second half of 2016 Malcolm and Lucy Turnbull made a political donation towards the Liberal Party federal election campaign of $1.75 million.
It has been reported that Malcolm Turnbull and his wife give $550,000 annually to charity via the Turnbull Foundation - their "private ancillary fund" which apparently has a family corporation/s as trustee/s and appears to act as a tax minimisation scheme as the entire $550,000 is potentially 100 per cent tax deductible.
The personal income tax ‘cuts’ recently pass by the Australian Parliament will potentially benefit the Prime Minister, as will the
proposed company tax cuts as he owns or co-owns a number of active corporations.
I say potentially, because during the Panama Papers exposé it was revealed that Malcolm Turnbull is not adverse to availing himself of the advantages of international tax havens and likely already pays little tax on much of his financial interests.
Excellent article. Wasn't aware of some of his earlier forays into bastardry (e.g. the early court case (Costigan/Meagher) or his work as rent boy for Packer. But it all fits the person. What a despicable man he is!
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