Steve Baxter

speaker

1,056 appearances 1 recordings 1 series first heard Jun 2026 last heard 25 Jun

Steve Baxter’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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2 Worlds Collide Podcast · #107 - Steve Baxter - Labor's Budget Will Destroy Australia's Future · 25 Jun 2026 podcast

And the press can just go through it and just look at your numbers.

And you'll be in, because all these software companies, I mean, Safety Culture's one.

They're a venture-backed company who, with the support of their investors, are losing money hand over fist to grow the company.

The investors are happy to do that.

But they hit the front page of the IFR and sort of saying, look how much money this is.

And they play it up as really bad.

Isn't this bad?

This company's losing money.

And it's like,

Well, the owners and the shareholders don't care.

So why should you care?

So it's very much an Australian attitude towards the way the companies grow.

And to sort of pick into that further, it's the fact that we have dividends in Australia.

So we're a very heavily dividend economy, for example.

So we have the dividend imputation credit, franking credits.

That leads companies to forsake growth over profit.

So what they do, what they actually do is they'll actually take any profit they've got and they'll give that back to their shareholders as a dividend, which is nice because they get that 30% tax credit.

So it's quite beneficial.

US companies who don't have that will pull all the profit back into growth and grow the companies larger and larger and larger and larger.

So we're very much a rate-limited economy and they're very much a freewheeling economy.

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