October 2024
Government is ‘nature positive’ in the same way asbestos is lung positive
It’s like an episode of Utopia or Yes Minister – just a week out from the government’s Global Nature Positive Summit, Environment Minister Tanya Plibersek approved three whopping coal mine extensions in NSW.
Australia can make speeding fines fair with proportional model: Report
Making traffic fines proportional to drivers’ incomes, as is done in Finland, is a fairer system according to a new report from The Australia Institute, supported by Uniting Vic Tas and Financial Counselling Victoria.
Are you feeling NATURE POSITIVE?!
Corporate spin and complex markets distract from real solutions to Australia’s climate and biodiversity crisis, says Greg Jericho.
Super-powered nukes: Aussie funds and weapons of mass destruction
Australian superannuation funds have been investing in nuclear weapons, according to new research.
The government’s coal approvals could make the housing crisis worse
By choosing to extend three coal mines, the government could be inadvertently redirecting construction workers from building houses to the fossil fuel industry.
Are the Big Two too big? Reining in the supermarket giants
Senator Nick McKim joins us to discuss the ACCC legal action against Coles and Woolworths and why the government should have the power to break up the Big Two.
IMF confirms — tax concessions distorting Australia’s housing market
Findings released today from the International Monetary Fund (IMF) align with existing research from the Australia Institute that tax concessions are distorting Australia’s housing market. The IMF noted that “tax breaks, including from capital gains tax discount and superannuation concessions, could be phased out to generate a more equitable and efficient tax system”. Supporting the
Big Super is still investing in nuclear weapons
A new report has found that despite claiming not to invest in ‘controversial weapons’ 13 of the top 14 Australian super funds are still investing in nuclear weapons companies, in some cases even in an option described as ‘responsible’, new research from The Australia Institute and Quit Nukes has found. Key results At least $3.4
Negative gearing and capital gains tax discount driving up house prices
Restricting negative gearing and scrapping the capital gains tax discount would make housing more affordable and increase home ownership rates, the Australia Institute has said in a recent submission. Key Findings: A major cause of rising house prices has been increased demand from investors. Restricting negative gearing to newly built housing and scrapping the capital
September 2024
Report: Fire ants to kill 6 Queenslanders and cost households $188 million annually if not eradicated
As fire ant numbers surge across Brisbane and the Gold Coast, new research shows Queensland households could be hit with an annual bill of $188 million, if they are not eradicated. The report, released by the Australia Institute, estimates that, if fire ants are allowed to spread, every year they could cause six deaths, trigger 116,000 medical visits and
New figures show capital gains now outstrip wages – and yet mostly they go to the rich and untaxed
The latest figures on Australian wealth reveal that inequality is being driven by capital gains that overwhelmingly go to the wealthiest and are mostly untaxed.
.The report the Prime Minister cites against changes to negative gearing actually shows housing would be more affordable and rents barely affected.
Rather than show negative gearing changes are bad, a Deloitte report cited by the Prime Minister concludes they would improve housing affordability and home ownership.
Is the government gearing up for a housing change?
Despite claims that it’d lead to some sort of housing armageddon, reforming negative gearing and the capital gains tax concessions would make the system fairer, says Greg Jericho.
Coles, Woolies’ Secret Pricing Deal Undercuts Inflation Claims
Coles and Woolworths seem to take turns offering items on sale, showing that they are more concerned with protecting their market power than competing against each other, Australia Institute research has revealed. The ACCC this week launched legal action against Coles and Woolworths for misleading consumers through discount pricing claims on hundreds of products at
Open Letter Calls on Government to Set Timeline for End of New Fossil Fuel Projects
A group of Australia’s leading climate and environment organisations have signed an open letter, coordinated by the Australia Institute and published today in the Sydney Morning Herald, The Age, and The Canberra Times, calling on the federal government to tell Australians when it will stop approving new coal, oil and gas projects. The open letter
ACCC Suing Supermarkets as Price Gouging Drives Inflation, Rate Hikes
The ACCC launching legal action against Coles and Woolworths today for misleading consumers reinforces the findings of Australia Institute and Centre for Future Work research, that showed inflation is higher because of big businesses price gouging. Key Points: The Australian Competition and Consumer Commission (ACCC) has launched legal action against Coles and Woolworths for misleading
Profits over people
Big business says wants a more productive economy, but its complaints about industrial relations are really about its profit margins, says Matt Grudnoff.
Australia is a low-tax country | Fact sheet
Australia is one of the lowest-taxing countries in the developed world. While it is sometimes suggested that Australian governments spend too much, the reality is that Australia raises very little tax revenue compared to similar countries. Insofar as Australian governments have a problem balancing revenue and spending, that problem lies in the level of revenue
Mining’s big temper tantrum
The mining industry had a pre-election sook last week about government policy, but its claims about being the ‘backbone’ of the economy are more spin than substance.
Overdue report delivers scathing assessment of Tasmanian Government’s environmental record
The State of the Environment Report released today shows that Tasmania’s unique environmental assets have been severely impacted by years of neglect from the state government, the Australia Institute has said. Key Findings: The Tasmanian Government has released the first State of the Environment Report in 15 years. The report shows that the Government has
The mining industry is the biggest whinger in the country
The mining industry is now surely the biggest whinger in the Australian economy. This week it launched an all-out assault on the federal government at Minerals Week in Canberra, with chief executive of the mining industry’s chief lobby group the Minerals Council, Tania Constable, warning the government: “Undermine it at your peril.” Relative to its
The logging industry should be bound by Australia’s environment protection laws just like everyone else
This week, a private member’s bill to end native forest logging was up for debate. It sought to repeal legislation that exempts logging in much of Australia’s public forest estate from our national environment laws.
House prices aren’t just cooked, they’re deep fried
Australia’s housing market is cooked and capping international student numbers isn’t going to fix it, says Greg Jericho.
Chalmers is right, the RBA has smashed the economy
In recent weeks the Treasurer Jim Chalmers has been criticised by the opposition and some conservative economists for pointing out that the 13 interest rate increases have slowed Australia’s economy. But the data shows he is right.
Analysis: 95% of Government Revenue not from Mining Industry
Claims from the mining industry that they are significant funders of public services in Australia are overblown, ignore the fact that their profits are made off the back of public resources, and are heavily publicly subsidised, the Australia Institute has said. Key Points: Taxes and royalties paid by the mining industry make up just 5 cents
Scrap fuel tax rebates for mining industry, not farmers
The Fuel Tax Credits Scheme should be scrapped for the mining industry, not farmers, the Australia Institute has said in response to calls at today’s National Farmer Rally to keep the tax rebate for the agricultural industry. Key Findings: The Fuel Tax Credits Scheme, also called the Diesel Fuel Rebate, is a subsidy for fossil
A putrid set of numbers
Australia’s “pathetic” growth figures show that the Reserve Bank went too hard with interest rate increases, says Greg Jericho.
GDP Figures Show Per Capita Recession Entrenched Amid Inequality Crisis
Today’s national account figures show that GDP per capita fell by 0.4% during the June quarter. This is the 6th consecutive quarter of negative GDP per capita growth, showing that Australia is in a per capita recession amid an ongoing inequality crisis. Key Points: GDP per capita growth of –0.4% represents the 6th consecutive quarter of
Public spending keeps the economy going as the private sector is hit by rate rises
Fast rising interest rates have slowed the economy so sharply that only government spending is keeping it growing
Middle, middle, middle class: Harris’ pitch to the heartland
Greg Jericho, Australia Institute Chief Economist, joins us to examine the Harris-Walz economic agenda.
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