Post #2327841
2026-05-07 18:00 UTC
Imagine this.
You are sending all your kids to university. They get loans to go there from the government. Those loans are repayable only through the pay slip system (like taxes) based on your income. This is called HECS.
So kids to to do comp. sci. and get a degree, they want to do a project they were thinking about at university. All they have is cable-TV cables to do this on, or to go to venture capital and give up 50% of their project at the get-go.
What do they do? They go to Silicon Valley.
We lose the talent.
We lose the employment.
We lose the taxes it generates.
We lose the HECS debt.
Instead the Australian people asked "How fast can I download game of thrones?"
Replies (2)
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@judgedread@poa.st 2026-05-07 18:02
50 percent? Luxury! They get skinned even worse by the SV VCs.
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@BarelyEagle@poa.st 2026-05-07 22:44
At least it's not 50%