July 2014
Nothing liberal about Australia’s superannuation industry
The Liberals will tell you that they don’t like telling people how to live their lives. Indeed they regularly tell us that individuals, not governments, are best placed to make decisions about what is in their own best interest. But, like successive ALP and Coalition governments, Tony Abbott and his team are big fans for
June 2014
Symbolism does not create prosperity
Charging sick people $7 to go to the doctor will hurt ordinary Australians far more than the carbon price ever did. While, admittedly, the ALP did a poor job of explaining it, the reality was that most Australians received more in compensation than they paid in higher electricity prices. Of course there is no compensation
May 2014
Forget GST, hit the rorts on super
If Paul Keating’s pet shop galahs are still alive I suspect they are talking about tax reform these days. And no doubt all right-thinking galahs know that tax reform and increasing the GST is one and the same thing. The Commonwealth government will collect $363 billion in taxes this year, with state and local governments
Government’s agenda is to look after its own
John Howard is the Ronald Reagan of Australian politics. While Reagan is deified by modern Republicans for his fiscal conservatism, in reality he oversaw big increases in government spending. But because he took from the poor to deliver to the rich they love him all the same.
April 2014
Cacophony of sound leads to discordant mess
Despite the skill of individual musicians, orchestras still need a conductor to bring the whole performance together. It is one thing to know how to play the horn, but someone needs to decide when the best time to honk it is. This week the Abbott government sounded like an orchestra without a conductor – there
Target super tax concessions, not pensioners
You only get one chance to make a first impression and, if you are treasurer, you only get one chance to deliver your first budget. Joe Hockey has been talking up his determination to make savage cuts and “end the age of entitlement” for months but, with public support for the Abbott government continuing to
March 2014
Knighthoods a distraction from the big questions
Like his decision to spend $5 billion a year on a new paid parental leave scheme, Tony Abbott didn’t seek cabinet approval to restore knights and dames to Australian society. While Joe Hockey might want to end “the age of entitlement”, the Prime Minister certainly seems to feel pretty entitled to do as he pleases.
Abbott shifts the budget’s burdens
Like Qantas, the problem with the Commonwealth’s budget is a lack of revenue. If Qantas were to increase fares by about 3 per cent they would be back in the black, but for the time being at least, Alan Joyce has his eyes set on maintaining market share rather than maximising profits. Similarly, the Commonwealth budget
February 2014
Poor the losers in class war hypocrisy
Class war, it seems, can only be declared on those who have the least. When laws are reshaped to pour money into the pockets of those with the most, however, it is more polite to call it tax reform.
Let’s not pretend the ‘bad decisions’ of women are to blame for the gap in super balances
The gap between the retirement incomes of men and women will never be solved by information campaigns, decision-making tools or new websites. Women earn around 17% less than men who perform similar work. Women are far more likely than men to take time out of the workforce early in their lives to raise children. Women
January 2014
Alcohol and violence: Premier is simply too scared to take up gauntlet
If Barry O’Farrell was serious about reducing alcohol-fuelled violence on Sydney streets there are solutions. He could regulate opening hours, increase the price of alcohol sold late at night or even set a maximum blood alcohol level for people in public places and empower the police to undertake random breath testing on our streets and
December 2013
MYEFO: how can the Abbott government fix Australia’s economy?
Sooner or later, the Abbott government will have to stimulate the economy using fiscal policy – just like the Rudd government did in response to the global financial crisis and the Howard government did in 2001. That was the key message to come from the Mid-Year Economic and Fiscal Outlook (MYEFO), released by treasurer Joe
Logic of market blind to climate change risk
Children who use the “but everyone else was doing it” defence don’t usually get very far. I remember my mother retorting: “If everyone else was sticking their head in an oven, would you do that too?” But while sharing risks may not be a great idea for kids, it is, it seems, the most popular way
MPs’ long campaign, with three years left
I think that politicians work hard. I still think that even after Tony Abbott announced that the House of Representatives will sit for only 72 days next year. But the issue isn’t whether they work hard, it’s what they work hard on. Click below to read more of this article published in The Canberra Times.
November 2013
A better way to work
The idea that more flexible workplaces promise advantages to all is not new. For decades, Australians have been told that with the aid of new technologies, we can “work smarter, not harder” to achieve a better work-life balance and greater productivity. Goodbye to rigid nine-to-five office-based regimes. Employees will be able to negotiate working arrangements that
Student debt plan is a funny money scheme
Social policy and conservative debt management policy do not always go well together and a good example is the question of what to do with outstanding student debt. Why would private interests want to buy it? It only increases by the CPI and would perform poorly as a financial investment. A term account with a
Fracking will not keep local gas prices from rising
Peter Reith, Paul Howes and Innes Willox think lifting the ban on fracking in Victoria will stop gas prices from rising. Sorry guys, but you’re wrong. To think that more gas is going to stop the price going up misunderstands why the gas price is rising.
Time for innovation is now
While capitalism was built on the notion that new companies and industries would destroy old ones, the modern version of capitalism is far more clubby, far more polite and far less innovative. Innovative branding and marketing strategies are okay, but it seems the emergence of whole new industries would be going a bit too far.
August 2013
The high cost of less tax
If tax is the price we pay to live in a civilised society it seems that neither of the major parties have high hopes for the communities they say they want to build in northern Australia. Prime Minister Kevin Rudd is suggesting that companies based in the Northern Territory should face a reduced company tax
Cut science funding and lose valuable innovation
The word productivity will be used countless times in this election campaign but the issue of our investment in science will be lucky to get its 24-hour news cycle in the sun. And while business groups are often critical of governments for being focused on the short term, they are not calling for increased funding
Massive change ahead, but trust paramount
Australian universities have been reaping the benefits from taking international students for years. But is that the way it will always be? What if the countries those students come from turn the tables on the cash strapped western universities and ask them to bid for the work?
July 2013
What the rich would do to avoid tax
Is economics a science? When we teach economics students, we usually tell them that they are learning about “the science of the efficient allocation of scarce resources”. But when we listen to public debate, often economists don’t sound very scientific. While it is often said that science can’t proceed without failure, it’s rare to hear an
Thinking of the children while forgetting about us
When it comes to future generations it seems that we can never be too generous. But is this generosity coming at the expense of current generations? In Canberra, when it comes to job losses, it seems the answer is ”yes”. Consider the Australian National University’s approach to its finances. The ANU is owned by taxpayers
June 2013
Why we should care about carers
Imagine if health and community sector workers wore high-vis vests; our streets, our shopping centres and even our airports would be full of them. We might even begin to think of them as the engine of job creation. But they don’t wear such things and we don’t think such things and the result is a
Conservative austerity can worsen debt malaise
Do Tony Abbott and Joe Hockey know how badly conservative governments are managing their economies in Europe? While Australia ”struggles” along with gross domestic product growth of just below three per cent and unemployment rate of 5.7 per cent, economic activity in the eurozone declined by 0.2 per cent in the first three months of
May 2013
A challenge to our leaders – why don’t we legalise euthanasia?
It’s often said that the only certain things in life are death and taxes. In reality, of course, if you’re willing to pay lawyers and accountants enough, you might be able to avoid taxes. But no matter how much you spend on doctors, the best you can do is prolong your mortality. And for some,
Paid parental leave levy doesn’t add up
The Opposition has proposed a paid parental leave scheme that offers to replace a woman’s wage if she takes time off following the birth of her child. Tony Abbott expects to raise $3.5 billion with a 1.5 percentage point increase in the company tax rate. But the Australian taxation system is a complicated beast and
Tackling poverty should be a budget priority
In 1987 Prime Minister Bob Hawke promised that by 1990 no child would live in poverty. While those words have haunted him ever since, a new analysis by The Australia Institute reveals that his government did more to tackle poverty than all subsequent governments. Under the Hawke government, poverty rates dropped when welfare benefits rose
March 2013
Facts Fight Back- NL March 2013
Facts Fight Back Dr Richard Denniss Foreign aid works Tim Costello Getting the research that matters to the people who matter Mark Ogge The truth about the gender pay gap Anne Summers A culture of resistance Kerrie Tucker Trouble with childcare David Baker Paid to pollute Matt Grudnoff Big business in Australia David Richardson Early
Payrise for dole makes sense
Last week, CSR closed a Sydney factory and made 150 people redundant. This was not caused by the carbon price, the mining tax or our industrial relations laws. The simple fact is that the high exchange rate that accompanies our mining boom has made many manufacturers uncompetitive. How much income support should they receive? How
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