Investment madness

THESE current Bass Coast Councillors are starting to look like a bunch of virtue signalling wasters. I expected better; certainly, you’d think that at least some of them have had enough strength of character to avoid being sucked into vortex and climate catastrophism!

I would have thought that in the current financial situation, every dollar of rate payer’s money is critical, hence if you have $35 million to invest, you do so with the entity that will provide the best and safest return on your investment. What individual councillors do with their own money is a matter entirely for them but their own moral virtues should not come into the equation when investing ratepayers/Shire revenue. 

Should their vote result in an inferior investment return, then perhaps the shortfall should be garnished from their council 
stipend under the guise of incompetent management.

The big four banks invest in the interests of the economy, their individual investors and shareholders, and therefore lending to industries which provide the nation with the bulk of its revenue from exports, is what funds hospitals, education system, transport systems etc.

Councillor Whelan further trumpets the need to “take a whole range of issues” if we are to be truly resilient and sustainable. Perhaps then, he should lead a push by the Bass Coast Council to be a beacon for the community and ban the use of disposable nappies across the Shire. These disasters of convenience have a massive impact on the environment where they take forever (if ever) to break down in landfill.

Maybe the Shire could take the initiative and provide an initial allocation of reuseable cloth nappies to new families, such that they would save thousands of dollars on disposables over the period of raising their children and make a serious contribution to the environment.

Perhaps the extra revenue they may have earned on our investment could have been useful in this area.

David Vance, Inverloch