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Keywords: Treasury

  • ECONOMICS

    Tax cuts good politics, but not good policy

    • Joe Zabar
    • 12 May 2018
    2 Comments

    The proposed tax cuts will create long-term structural changes to government revenue sources, which may prove to be economic folly in future-proofing Australia against global economic shocks, and in dealing with current unmet needs of poor and vulnerable Australians.

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  • INTERNATIONAL

    Nuclear North Korea and the dangers of panic

    • Binoy Kampmark
    • 04 September 2017
    8 Comments

    In Australia, the reactions have been far from mild. Malcolm Turnbull was less than reassuring, suggesting the un-testable notion that the Korean peninsula was closer to conflict than at any time since the Korean War. The converse, if counter-intuitive argument can be made: that the peninsula is being made safe from war through this aggressive pursuit of nuclear arms. This is not a view deemed acceptable to officials in Washington and Canberra but is entirely realistic given Pyongyang's aims.

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  • ECONOMICS

    World trade is now America versus China (and Russia)

    • David James
    • 23 August 2017
    4 Comments

    The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?

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  • AUSTRALIA

    An inclusive Australia

    • Frank Brennan
    • 13 June 2017
    1 Comment

    This evening, we come together deliberately as people of diverse faiths and none, affirming the blessing of life in an inclusive country where all world views are to be respected. We are able to affirm that our spiritual lives sustain and strengthen our public lives and the vitality of the polis. Our Muslim hosts show us how to give thanks reverently for all the blessings of life, and how to attest publicly the spiritual dimension of all human life. Those of us who are migrants or descendants of migrants need to be particularly attentive to the yearnings and aspirations of those Australians who rightly claim an indigenous heritage with ancestors who have thrived on this continent for up to 60,000 years.

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  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 10 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • AUSTRALIA

    Weighing in on Abbott's Labor Lite slight

    • John Warhurst
    • 03 March 2017
    18 Comments

    Two irreconcilable views of the ideological position of the Turnbull government are now in circulation. One, held by those who once had high hopes that Malcolm Turnbull would lead a small l liberal government, is that the Coalition clearly is conservative. The other, advanced by South Australian Senator Cory Bernardi when he deserted the ship to form the Australian Conservatives, is that the Turnbull government is not conservative enough, maybe not even conservative at all. Both views can't be right.

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  • AUSTRALIA

    Vulnerable people must be at the heart of welfare reforms

    • Andrew Hamilton
    • 28 September 2016
    8 Comments

    There is much to welcome in the ideals spruiked in Minister Porter's proposed welfare reforms. Who could fail to be delighted if people are helped to support themselves, and the welfare bill is reduced as people no longer need support? The question left hanging is what drives these changes. Is the human welfare of our fellow Australians the goal towards which the budgetary changes are a means? Or are budgetary savings the goal to which the treatment of our fellow Australians will be a means?

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  • ENVIRONMENT

    Five reasons the LNP's carbon scare campaign is doomed

    • Greg Foyster
    • 03 May 2016
    6 Comments

    It was as if Australian politics had regressed four years overnight. No sooner had Labor released its new climate change plan than the Coalition was resuscitating Tony Abbott's 'carbon tax' line. The Coalition's attempt to revive the defining debate of the 2013 federal election won't work. As other commentators have noted, Labor's plan has been carefully crafted to avoid the carbon tax sledge. More importantly, external factors have changed to make a scare campaign less potent.

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  • AUSTRALIA

    Unskilled immigration is good for Australia

    • Gabriela D'Souza
    • 09 November 2015
    10 Comments

    George Megalogenis describes a protest rally in 1849 organised by residents of Sydney against arrivals of more convict boats. Workers who 'wanted to maintain their high-wage society' made 'the first of countless calls that would be made against migrants who threatened to undercut their standard of living'. It is a familiar refrain today. In a world where three-fifths of a person's income is determined by their place of birth, it defies logic that we place restrictions on people's movement to preserve our standard living.

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  • AUSTRALIA

    'Vigilante' applies to the government more than environmentalists

    • Fatima Measham
    • 24 August 2015
    10 Comments

    The epithets used against environment groups have been extraordinary after a judge of the Federal Court set aside Environment Minister Greg Hunt's approval of the Adani thermal coal mine. Perhaps legislation has always been an instrument for ideological agendas, but the compulsion and ease with which the Coalition has taken to the law to restrict scrutiny doesn't bode well for us. 

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  • AUSTRALIA

    PM's super pitch needs solid policy foundation

    • Michael Mullins
    • 25 May 2015
    1 Comment

    Tony Abbott has warned voters that Bill Shorten has his eye on their retirement savings. He once praised the Nationals' Barnaby Joyce as a 'uniquely gifted retail politician'. But more attention to wholesaling - i.e. policy resources - would help to get both pensions and super concessions on to a more sustainable footing.

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  • AUSTRALIA

    Joe Hockey's 'better bang' foreign aid cut delusion

    • Michael Mullins
    • 18 May 2015
    38 Comments

    As a nation, we have demonstrated to the world that we have no shame when it comes to the treatment of asylum seekers. Now it's as if the aid cuts are being worn as a badge of honour. Joe Hockey talks about the 'targeted outcomes' philosophy of the cuts, 'build[iing] the prosperity and assist[ing] with poverty alleviation in our region', in order to get 'better bang for our buck in foreign aid'. But leading aid economist Stephen Howse argues the opposite.

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