CBA: $8.68 BILLION PROFIT, BUT DOUBTS OVER FUTURE EARNINGS

http://finance.ninemsn.com.au/newsbusiness/aap/8890066/cba-makes-record-8-68b-profit

Make no mistake about it, folks, the greater part of the CBA’s record profits are “super profits”, namely, YOUR rents, not just shareholders’.

Whilst shareholders are certainly entitled to their share of the CBA’s normal profits, they are NOT entitled to the land rents which are owed equally to each and every one of us.

The CBA, along with the big miners, is a SUPREME rent-seeker! Only greater capture of economic rent and less taxation can start to remedy this crime.

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