March 2015
IGR: Garbage in – Garbage out
The Intergenerational Report is a deeply flawed document based on deeply flawed assumptions according to Dr Richard Denniss, Executive Director of the Australia Institute. “The Intergenerational report should provide an opportunity to start a conversation about the Australia we want to have in the coming decades, instead it simply tries to scare the public into
February 2015
Joe Hockey’s penny-pinching will constrain growth
The biggest fiscal problem Australia faces is that we are not borrowing enough to meet our short term circumstances or long term objectives. Australia’s population will nearly double by 2075. We are currently growing by around 400,000 people – the population of Canberra – every year. If we were are serious about quality of life,
Richard Denniss: Joe Hockey’s debt bomb is a false alarm
A fundamental contradiction lies at the heart of the Abbott Government. Its assumptions about our national security and its assumptions about economic management are in stark contrast. Something has to give. Our foreign and defence policies are explicitly based on the assumption that the US will retain superpower status in the coming decades. But Joe
TAI challenges CPA on GST modelling
The Australia Institute (TAI) has challenged modelling and analysis used in a report from the Certified Practicing Accountants (CPA) which argues for increases to the GST. The CPA report assumes that the economy will grow more quickly because of cuts to taxes funded by the increase and broadening of the GST. “The economic model used
Can you eat the family home?
Both major parties are right to say pensioners can’t eat their homes – but only because the government won’t let them, argues The Australia Institute. The new Social Services Minister Scott Morrison is concerned about retirees who are cash poor but asset rich. Labor Deputy Leader Tanya Plibersek raised similar concerns, saying: ‘You can’t eat
Crisis economics ain’t what it used to be
Governments serve their citizens best when they engage them through informed debate. Scare tactics are not an acceptable alternative. We need to talk about crises. Whipping up a good crisis has become the foundation on which every case for every reform is now built. Budget black hole! Budget emergency! We will wind up like Greece!
Loopholes not Leaners Costing the Budget Billions
New government figures reveal superannuation and housing tax breaks for the wealthy are costing the budget ten times as much as leaving the GST off fresh food. The Treasury statement also shows that the cost of one form of tax concession for superannuation is set to double. “The Abbott government says it will do anything
January 2015
GST Arguments Are Really About Protection
The demise of the Australian car industry does not mark the end of taxpayer assistance in Australia, it marks only the end of highly visible assistance. The free marketeers didn’t win, they only defeated the easy targets. The real rorters not only still grow fat on the public purse, they lead the cheer squad for
December 2014
Continuing mental healthcare critical for smooth reintegration after prison and less crime
New research finds that improved connections with health services for people leaving prison and their families is a critical first step in addressing mental distress and ensuring smooth reintegration into the community. Unlocking Care, a new report from The Australia Institute, finds that the incidence of moderate and severe mental health issues increases after release
Majority of Australians favour solar and wind-powered future
New research from the Australia Institute finds that the health and environmental impacts of wind and solar technologies are far less detrimental than fossil fuels. Two reports were released today, examining the impacts of, and broad public attitudes toward, wind power and solar energy. They find Australians are overwhelmingly more interested in a future fuelled
Tax and budget cuts – a double disadvantage for Australian women
Women could be made billions of dollars better off if the Government considered gender issues when formulating the Budget, a new report from The Australia Institute reveals. Released today, The budget’s hidden gender agenda report finds that – in good times and in bad – women are getting a rougher deal than men from budget
November 2014
Work/life balance worsens under burden of unpaid overtime
Work/life balance worsens under burden of unpaid overtime Millions of Australian workers are losing the battle for better work/life balance due to excessive unpaid overtime and feel they have little control over how to change the situation, new research by The Australia Institute reveals. Released to coincide with today’s national Go Home on Time Day, Walking the
October 2014
Liberals’ core conundrum laid bare by ANU row
The Abbott government can’t decide if it wants to tell people how to live their lives or free them to make their own decisions. The Coalition’s education policy, for example, reveals the contradictions between the world views of libertarianism and conservatism that the Coalition claims to represent. For many years, the balancing act has worked.
Australia needs to be fairer if it wants to be richer
Australia’s richest seven people have more wealth than the bottom 1.73 million households combined. Most people think that’s a problem. Amanda Vanstone, on the other hand, seems to think the bottom 1.73 million should be thankful. “The politics of envy”. This is Amanda Vanstone’s condescending dismissal of concerns over Australia’s rapidly growing gap between its richest and poorest
September 2014
Christopher Pyne’s higher education plans won’t fly, and shouldn’t
For American presidents, the ‘State of the Union’ address provides a once in a year opportunity to set out a plan for the direction the country needs to take and the policies required to get it there. The closest Australian governments get is the annual budget speech, and that is provided by the treasurer, not
August 2014
Coalition reaps what it sowed
The hypocrisy of Joe Hockey’s call for big business to make the case for his economic reforms is breathtaking. His government’s signature economic ”reform” was to rip up a perfectly good carbon tax. The Prime Minister and Treasurer rightly bet that business groups would sit silently by while this populist policy destruction took place. But
Biggest blow for budget yet to come
Tony Abbott’s problems with the Senate are only just beginning. The black eye the Palmer United Party gave him on his carbon and mining tax repeal is nothing compared to the body blow he will receive when the major policy initiatives announced in the budget, initiatives that weren’t mentioned during the election campaign, hit the
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
MR: Super tax breaks the ‘Hindenburg’ of the federal budget
A new report released today by The Australia Institute outlines how the age pension could be strengthened by tackling overly generous and unfair superannuation tax concessions. Sustaining us all in retirement: The case for a universal age pension, by David Ingles and Dr Richard Denniss, shows super tax concessions will soon cost more than the
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
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