Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
There are more than 200 results, only the first 200 are displayed here.
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.
'Labor-lite' or not, there are many investments contained in the budget which will work towards a more just society, including the securing of funding for the National Disability Insurance Scheme by raising the Medicare levy, and the needs-based approach to school funding, dubbed 'Gonski 2.0'. But among these commitments that seek to create a more equitable Australia, this budget again seeks to vilify welfare recipients, among the most vulnerable members of our community.
It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.
Our Church is presently a strained, outdated social institution with an exclusively male hierarchy and clergy. But it is also the privileged locus for us to be called to the banquet of the Lord sharing theology and sacrament which have sustained the hearts and minds of similar pilgrims for two millennia. Thank God for Pope Francis who is showing us the way, helping us to find meaning in our changing and chaotic world, putting a fresh spring in the step of all those Catholics holding in tension the prophetic and the practical, the theological and the humanist, the tradition and the contemporary reality.
This week's offering from Eureka Street's award winning political cartoonist.
In Australian public life we are becalmed in a sea where the trade winds of political will, imagination, ability to agree, trust and firm direction do not blow. We search for portents in the US skies and hope for wind from the budget. The challenge facing the serious person on the ship is to avoid responding to each rumour and proclamation and focus on what matters. What is needed is to sustain the spirits of the crew and to plan the continuation of the journey when the wind again fills the sails.
Part of the cost of the double dissolution election last July has been the creation of a Senate with the largest, most diverse group of crossbenchers ever. This will make the passage of any new contested Budget measures difficult, particularly given the Prime Minister’s vulnerability on his right flank, and the Labor Party's propensity to mimic the Opposition tactics adopted previously by Tony Abbott. The government needs to create a clear narrative as to how it will achieve equitable and sustainable growth through this Budget.
The government and the Catholic Church both face difficulties when commending values. The difficulties will dog events during the next week in which both institutions are on public display: the bringing down of the budget and the meeting of the Australian Catholics bishops. The question Australians ask is whether the bishops and other public representatives of the Catholic Church have the stomach for the changes in governance needed to address the factors that led to child abuse.
For various reasons, 'free' education in Australia has been qualified by HECS, which actually serves to wedge the liquid incentive of government and educational institutions on the one hand with the need for students to obtain affordable education on the other. Even that balance is now under threat, with a pre-budget announcement suggesting cuts to university funding and increasing costs to student degrees are in the offing. Universities are far from blameless in the present distorted funding model.
Is there such a thing as bad debt when it comes to national budgets? Is infrastructure spending a great idea by default? We also take a glance at the first 100 days of the Trump presidency. As an antidote, we finish with a quick reflection on the latest moves by Pope Francis.
On this episode, we take a moment to remember satirist John Clarke. Then we do an initial read of the story that the Australian federal budget might tell. We also break down that United Airlines incident. There might be detours, so stick close.
As a millennial, I frequently find myself being told to stop complaining about housing affordability. It's all about working harder, saving more and, for goodness' sake, keeping off the avocado. As a young person, I'm concerned about using super, a system which was put aside for our economic welfare in retirement, as a savings account for instant gratification. The government is trying to solve the housing crisis not through direct action, but by encouraging young people into lifelong debt.
157-168 out of 200 results.