Most of us like to complain about the banks from time to time, but compared to some parts of the superannuation industry the banks seem like the good guys. That’s because many commercial super funds are profiting enormously through excessive fees on the savings of ordinary workers.

The science says that we need to reduce emissions by around 40 per cent by 2020 if we want even a fifty per cent chance of avoiding dangerous climate change. The Government has ignored that advice both in setting the targets for their so called Carbon Pollution Reduction Scheme (CPRS) and in developing Australia’s negotiating

The Senate debate about the CPRS is getting close, and with views as diverse as those of Steve Fielding and Bob Brown it’s likely to be a cracker. Unfortunately, while there might be plenty of heat in the debate, whether the CPRS gets up or not will make no difference to global temperatures.

Research Fellow and co-author of The case for a universal default superannuation fund, Josh Fear, talks to Life Matters about superannuation fees and how the system could be improved.

                              Since 2005, the great majority of Australian workers have been able to choose their own superannuation fund. While some people have taken advantage of greater choice in super, for many people choice is actually a burden. Widespread lack of engagement with superannuation means that competition in this sector is structured around intermediaries (like financial advisers)

Economists can and do get it wrong. The lead up to the subprime mortgage crisis being an obvious case in point. While some economists and regulators were convinced all was well, many people were alarmed at a system that enabled people to buy expensive houses with loans that were beyond their means of repaying. It

Picture this country five years from now, once an emissions trading scheme is fully operational. How will your life be different? Will higher energy prices radically change your approach to work, travel, shopping and leisure?

1. Electricity and pricing signals ”¦ 2. ”¦ How is our behaviour affected? 3. The Australian home: a sacred site for tax policy? 4. The slippery slope of the war on terror

Richard Denniss examines the work of the Institute over his first year as the new executive director; Brian Walters looks at anomalies in the common law with regard to public and private interests; David Richardson dissects the benefits of the mining boom; Georgia Miller explains some of the problems inherent in the nanotechnology revolution.

Denticare: making a mountain out of a molar. Dissent is a dirty word. A fair-weather friend: Australia’s relationship with a climate-changed Pacific. Extract from author Ben McNeil’s speech at the launch of ‘The Clean Industrial Revolution’.

The global financial crisis has meant Australia’s top four banks have moved into the world’s top 10 banks in terms of financial soundness. While that says a lot about Australia’s regulators and regulatory environment, the global financial crisis has also meant much of their competition has been wiped out as customers consolidate around ‘sound and

the ‘cap-and-slice’ proposal actually resembles the public’s perception of how emissions trading works more closely than the CPRS. Three-quarters of respondents to a recent Australia Institute survey said that Australia’s total emissions would go down if every household reduced its electricity use. Only 13 per cent gave the answer that corresponds to the CPRS: that

It is hard to imagine a scheme that is less fair than the CPRS. The Commonwealth collects the revenue and the states do the spending. The polluters get compensation and those dependent on the public health and education systems get nothing. Of course tackling climate change doesn’t need to be so unfair. With the legislation

Edited extract from Senator Christine Milne’s address to the National Press Club. Poverty and sustainability in developing countries: the impact of international trade in carbon. Australia’s Government debt: how does it stack up? Five disease outbreaks that are worse than swine flu.

Australia is a wealthy country. Although the current slowdown in the rate of economic growth has had a substantial impact on the government’s finances, the fact is that much of the ‘boom’ preceding this downturn was squandered through round after round of tax cuts. This occurred to such an extent that, despite the fact that

The mining boom bonanza barely spread beyond the mining industry itself but the negative implications of the mining boom were felt very widely. This is important in view of the current suggestions that the end of the mining boom implies that Australians will have to tighten their belts. Symmetry should apply in the event of

The benefits of the mining boom: where did they go? Renewable energy: the more the merrier, but how would we know? Mutual obligation by any other name.

The CPRS has fundamental flaws that need to be addressed. A mechanism to ensure that the efforts of individuals and state governments to reduce emissions result in lower emissions, not extra permits for other polluters, needs to be introduced. Similarly, the decision to insulate the petrol price from the introduction of a carbon price needs

While it may not have been the government’s intention, it looks like the most potent symbol associated with the CPRS might be the Senate uniting to vote it down. The likely delay in implementing an effective scheme is a source of much regret for people who have called for urgent action for many years. But

The 2009 Budget in clichés. The ghost of Keating past. How green is my Budget? The good, the bad and the ugly.

Dr Bill de Maria discusses the new whistleblowing proposals; David Ingles laments the exclusion of people on NewStart from either of the stimulus packages and explains the great superannuation tax concession rort; Reconciliation Australia looks at reconciliation a year after the Rudd apology; Tully Fletcher examines the current state of legal aid; Richard Denniss enumerates

While it may seem appealing to wait until we know where the new jobs are going to be before we start moving away from the jobs the atmosphere can no longer support, developing such a ‘plan’ is a fool’s errand. The fact is we did not wait until we knew where photo development lab workers

Tax cuts for the rich damage the Australian economy and disadvantage the average Australian.

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

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.

Paid parental leave. Increasing GDP. The measurement of unemployment.

Senator Fielding and the alcopops debacle. The wisdom of tax cuts. Freedom of information becomes freer?

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.