New research has revealed that Gen Z would receive only 2.8% of the first year of the Stage 3 Tax Cuts legislated by the Morrison Government. The newly released age-based data break down reveals that in financial year 2024-2025, those under 25 years old would receive only 2.8% of the billions in tax cuts which
The post Gen Z Receive Only 2.8% of “Cooked” Stage 3 Tax Cuts in First Year: Research appeared first on The Australia Institute.
Dreams of high office can come true… however daft
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| A small nuclear explosion: only 23 kilotons. [A] |
The BBC have released the trailer for The Power Of The Doctor - Jodie Whittaker's final outing as the Thirteenth Doctor!
In the trailer we see The Master, Daleks, Cybermen, and appearances from previous companions Ace & Tegan.
The Power Of The Doctor airs on Sunday 23rd October at 7:30pm.
[Source: BBC]
Employment growth remains strong as rate hikes continue to contribute to a now rising federal deficit that is supporting growth, contrary to Fed expectations. This leads to more hikes intended to soften growth and inflation that in fact support growth and inflation: The Saudis are on the warpath after a falling out with President Biden, […]
The post Employment, GDP Nowcast, oil prices, equity comment appeared first on Mosler Economics / Modern Monetary Theory.
I recently had the pleasure of sitting down (virtually) with Nsé Ufot, CEO of the New Georgia Project Action Fund.
Nsé is an incredible organizer who describes her nonprofit as a “tech startup inside a civil rights and voting rights organization” that is making strides to build collective power for working people in Georgia.
I’m doing a kickstarter to reprint the Too Much Coffee Man 1-9 comics in a single small book. I’m annotating the books with short introductions explaining some of the jokes, references, and themes.
Taxation data shows which occupations will get the biggest cuts - and how few people work in them
The post Members of Parliament among those who benefit the most from the Stage 3 cuts appeared first on The Australia Institute.
Cross-posted from Pepe Escobar’s The Cradle. It is impossible to track the geoeconomic turbulence inherent to the “birth pangs” of the multipolar world without the insights of Professor Michael Hudson at the University of Missouri, and author of the already seminal The Destiny of Civilization. In his latest essay, Professor Hudson digs deeper into Germany’s Continue Reading
The post Escaping the Western Rentier first appeared on Michael Hudson.Jim Chalmers has a once in century opportunity to spend a quarter of a trillion dollars on nation building without going into a cent of debt. In fact, if he chooses his public investments well he could drive growth up, cost of living down, and pay down the Morrison Government’s debt faster than currently expected.
The post Jim Chalmers has a unique chance to remake Australia – or to squander $243bn on the rich appeared first on The Australia Institute.
