There are two things the prime minister needs to get into his head about tax. One is that saying he won’t make any further changes no longer works. The other is that negative gearing doesn’t do much to get people into homes. Anthony Albanese seemed to have taken the first point on board when he Continue reading »
Economy
Not only has the stock market shaken off its new year hangover but the All-Ords is now higher than after its Santa Rally in December 2023. Indeed, it has reached a record high. Bears say don’t be fooled by the index’s present spike. The aggressive monetary tightening in 2022 and 2023 will wreak havoc on Continue reading »
The Albanese Government’s proposed change to the Stage 3 tax cuts is clearly a broken promise; or, put another way, where was the political courage to offer an alternative when Stage 3 was announced (well ahead of the 2022 election)? But for the purposes of this analysis, let’s put those genuine integrity issues aside. While Continue reading »
It’s our own Groundhog Day experience: when it comes to school funding, we end up doing the same thing over. Jason Clare’s promise to fund all public schools towards their entitlement might bear fruit, but what if nothing else changes? The background always matters in the never-ending school funding saga. The 2012 Gonski Review established Continue reading »
I very much doubt that Anthony Albanese will be losing much sleep from opposition claims that he is a liar, or not to be trusted on anything after his volte face on tax cuts focused at higher income earners. That’s even if you regard as a lie an election promise which is subsequently not followed Continue reading »
China’s Belt and Road initiative (BRI) operates on a huge scale and is the focus of rarely halted negative coverage across many prominent outlets in the Global West. A new extended article in the leading US journal, Foreign Policy, however, provides a measured, informed exception to this general rule. Parag Khanna recently argued in a Continue reading »
The 2020s was once described by former Australian prime minister Kevin Rudd as a “decade of living dangerously”. He was talking about the bilateral tensions between the U.S. and China. I would suggest that it’s a dangerous decade in large part because the collective west, led by the neocon political elite in Washington, are experiencing Continue reading »
I regard the changes made to the carve-up of GST revenues among the states and territories by the Morrison Government in 2019, with the support of the then Labor Opposition, and continued (indeed extended) by the Albanese Government, as possibly the worst Australian public policy decision of the 21st century thus far. But very few Continue reading »
International Monetary Fund (IMF) managing director, Kristalina Georgieva, was recently quoted in the Guardian (Tuesday 16/1/24) saying that “in most scenarios artificial intelligence (AI) would probably worsen overall inequality across the global economy and could stoke social tensions without political intervention”. Australia’s vulnerability to such AI-induced inequality would appear to be high, while our chances Continue reading »
Four years on from leaving the EU, the Department for Business and Trade's overview of Brexit tells a powerful story - of fiction