May 2009
Where has all the revenue gone?
Tax cuts for the rich damage the Australian economy and disadvantage the average Australian.
Where has all the revenue gone? To tax cuts for the rich!
Right up until the end of the resources boom and the onset of the global financial and economic crisis, the government was flush with money, a result of the virtually continual ‘surprises’ as economic growth, and especially government revenue, came in way over budget forecasts in each of the years from 2003-04 to 2007-08. By
Time to reform capital gains tax
There are strong equity and efficiency arguments for taxing all income from capital at the same rate; the current concessions are wrong in principle and regressive in practice. The focus should be on why the wealthy enjoy the unique privilege of having a sizeable part of their real income taxed at half the normal rate.
April 2009
Between the lines 10
Paid parental leave. Increasing GDP. The measurement of unemployment.
March 2009
Between the lines 9
Senator Fielding and the alcopops debacle. The wisdom of tax cuts. Freedom of information becomes freer?
The great superannuation tax concession rort
Superannuation is the most concessionally-taxed investment in Australia with contributions, fund earnings and payouts all receiving concessional treatment. According to Treasury, the effective marginal tax rate on superannuation savings is highly negative. This paper discusses how superannuation could be reformed to make it more equitable.
Between the lines 8
A Human Rights Act for Australia. Executive excess. Policy on the run; is policy underdone? Food security
Wong must cap and slice
The CPRS in its current form is deeply flawed. If the government wants to see the legislation passed, it is going to have to amend its proposal. In order to take advantage of every additional emissions reduction and allow every concerned citizen to make a direct contribution, the government needs to convert its ‘cap and
February 2009
An idea whose time never came
It is often said that there is nothing more powerful than an idea whose time has come. But it seems that in the case of Minister Wong’s version of emissions trading, the so called Carbon Pollution Reduction Scheme (CPRS), there is nothing more pitiful than an idea whose time never actually came. The targets are
Left and right agree carbon tax is better
The CPRS is looking more and more like a hotted up second hand car. It sounded good in the advertisement, had all the fancy bits added on and looked really shiny and ready to go. Unfortunately the closer you look at it, the less reliable it gets. It might not be as fancy, but an
Between the lines 7
Does the market have all the answers? Index of wellbeing. K Rudd bank. Newstart and the fiscal stimulus package.
Making life easier for emitters
The unfortunate reality is that, having waited a decade for a government to express a willingness to do something about climate change, we are now faced with a choice between a policy that locks us into failure by dictating that emissions in Australia cannot fall by more than five per cent and abandoning the CPRS
January 2009
Sloppy super
Debates about superannuation policy are often ideological in tone.People in finance and investment circles tend to forget that the majority of Australians are profoundly disengaged from their super, at least until they approach retirement. The super system is so complicated that many workers take the simplest option – doing nothing. Governments therefore have a responsibility
NL 57, December 2008
Hugh Saddler and Helen King examine the difficulties implicit in applying emissions trading to agriculture; Josh Fear reclaims your time from the telemarketers and examines the superannuation industry in Australia; David Richardson explains how accelerated depreciation would help the renewable energy industry; Richard Denniss looks at a new top tax rate; John Langmore asks whether
December 2008
Between the lines 5
An economical truth. The bogus economic case for telemarketing. Bee lines. Over a barrel.
November 2008
Between the lines 3
Government assistance to industry. New anti-SLAPP legislation in the ACT. ACMA’s recent decision on subliminal advertising. The need for wellbeing in a climate-changed Australia.
October 2008
Between the lines 2
Why we care more about the financial crisis than climate change. The 50 per cent discount on capital gains. Whether there has been an exodus from public schools to private ones.
In a man’s working world parental leave should be about fathers, too
Originally printed in the Sydney Morning Herald. Under the Productivity Commission’s parental leave proposal, men are entitled to two weeks’ paternity leave (use it or lose it), and mothers would be allowed to transfer their 18-week entitlement to their partners. It leaves the important decision about who provides primary care up to individual families and,
Between the lines 1
Why we measure stock market performance daily, but don’t measure what really counts. The record profits of Australia’s big banks despite the ‘crisis’. The real reasons behind Australia’s doctor shortage. The Government’s review of Australia’s tax system: are we paying enough?
No 56, September 2008
Richard Denniss explains how an emissions trading scheme works; Josh Fear looks at financial choices; Gemma Edgar explores the possibility of a national compact between the government and NGOs and David Richardson writes about the problems of hidden unemployment.
August 2008
The Elixir of Corporate Compensation
We need the TGA, and other government regulatory bodies, to keep their teeth. We also need them to behave respectably and transparently. The TGA must now come clean about what went on behind the scenes in the Pan case if it has a chance of regaining authority.
June 2008
Turn Green Switch Now for a Fresh Burst of Energy
Not only can current jobs be adapted to green jobs, Australian engineers who now go to Europe, California or China might be lured home. Eventually, every job needs to be a green job: every industry will need to readjust to the reality of climate change and play their part in cutting Australia’s emissions. At best,
Credit reform needs to go back to basics
Recent research by the Australia Institute reveals the extent of community mistrust of the financial sector. Indeed, a large majority of adult Australians hold banks and other financial institutions responsible for the current debt crisis. Although many people believe that personal responsibility in financial decision making is important, there is broad consensus that the banking
No. 55 June 2008
Incoming Executive Director Richard Denniss shares his strategic vision for the Institute.
May 2008
A borrower nor a lender be
Australia’s love affair with easy credit has turned on itself. The price of credit has reached its highest point in 14 years, and home buyers are feeling the economic pain associated with higher interest rates. The corporate sector has tended to blame individuals for taking on more debt than they can handle, drawing on the
April 2008
Bringing Dads into the Debate
Raise the question of who should look after the kids, and you enter a minefield of gender roles, household distribution of labour, and parenting styles, with any wrong step potentially fatal. Arguments such as women have a biological affinity with raising children or that they’re better at it are sure to come up. Alternatively, workplaces
Leave accounts: win-win solution to child care
Originally printed in ABC News. It’s a good thing for our communities if working parents are able to take time out to spend with children. This should be the guiding principle for the Productivity Commission’s upcoming inquiry into paid maternity, paternity and parental leave. The second principle is to accept that many parents want or
March 2008
No. 54 March 2008
Clive Hamilton left the Australia Institute at the end of February to devote himself to writing. Here he pens his last comment for the newsletter.
February 2008
Clutter the persistent curse of the acquiring class
A study by the Australia Institute, Stuff Happens, found that women in particular find clutter distressing. They don’t necessarily have more clutter than men (the typical suburban garage would dispel that notion) but they tend to notice it more. Women are also more embarrassed by their clutter than men. The alternative to cluttering up our
January 2008
Don’t Just Rush into Any Old Career
The pressures on teenagers today are immense. Many are convinced that their entire lives will be determined by one number ”” their ENTER score. But, many who do not do well at school or university go on to have highly successful careers. And many who perform brilliantly at school and university somehow end up living
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