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Keywords: Savings

  • AUSTRALIA

    Clive Palmer's world of surprises

    • Michael Mullins
    • 14 July 2014
    9 Comments

    Clive Palmer is thwarting some of the inequities in the Coalition’s Budget and legislative program. He appears to stand for policy that is confused and inconsistent, and possibly self-interested. But in joining hands with Al Gore he has shown himself capable of forging alliances with business and other entrepreneurs, for the common good of humanity. Fellow mining magnate Twiggy Forrest got together with Pope Francis to promote the abolition of slavery. Perhaps the Pope is on Clive’s list.

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  • AUSTRALIA

    Bishop's aid crusade must heed the poor

    • Paul O'Callaghan
    • 20 June 2014
    3 Comments

    Pope Francis and Julie Bishop both spoke this week, with passion and within days of each other, about how to address poverty in the world's poorest countries. Bishop launched a framework of new performance benchmarks, and her desire to improve accountability and transparency in Australia's aid program is to be commended. Hopefully the framework holds the voices of the poor and marginalised at its centre.

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  • ECONOMICS

    Super's evil empire on shaky ground

    • Brian Toohey
    • 11 June 2014
    15 Comments

    The superannuation industry inhabits a cosseted world in which the money pours in thanks to a combination of government compulsion and tax concessions. The foundations of this empire are criticised for how the tax concessions create an expensive form of upper class welfare, and for the harmful effect of compulsory super's artificial expansion of the finance sector. The Abbott Government shows scant concern about either aspect.

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  • AUSTRALIA

    Australia slips in generosity ranking

    • Paul O'Callaghan
    • 23 May 2014
    6 Comments

    Last week the Federal Government committed to a much smaller and 'just in our neighbourhood' aid program for the long term. This major shift sent a perplexing signal to the world, with Australia abandoning Africa's poorest at a time when Australian mining investment in Africa continues to boom.

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  • ECONOMICS

    Blessed are the moneymakers

    • David James
    • 16 May 2014
    9 Comments

    The 2014 Federal Budget has created a new hierarchy of virtue in Australian society, with well off investors deemed to be good and the disadvantaged bad. It is not so much class war as a war between capital and the rest of society. Those wielding significant capital are useful, while those who can save little, and have little to invest, are considered a burden.

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  • AUSTRALIA

    Move over Lance Armstrong, the Budget is coming

    • Andrew Hamilton
    • 08 May 2014
    13 Comments

    Heightened competitiveness does not foster interest in the common good but creates a narrow focus on the interests of the individual. The use of drugs in cycling illustrates the point. Doing what it takes meant taking competition out of the game by excluding competitors from the possibility of winning. In Australian politics the cult of competitiveness has led to a rigged competition in which the national interest will not be served.

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  • ECONOMICS

    Abbott and Hockey more Prince John than Robin Hood

    • David James
    • 05 May 2014
    11 Comments

    In politics, one should never opt for a balanced and thoughtful description of the truth when wild exaggerations will do. Especially when you want to take from the poor and give to, if not exactly the rich, at least the investor class. The dire pronouncements from the Abbott Government in response to the Commission of Audit's 86 recommendations reflect not only the PM's relentless negativity, but also more than a whiff of class war.

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  • AUSTRALIA

    Count the cost of refugee legal aid 'savings'

    • Kerry Murphy
    • 02 April 2014
    8 Comments

    Despite presenting the end of taxpayer-funded immigration advice to 'illegal boat arrivals' as a cost-saving measure, Scott Morrison's announcement demonstrates once again the Government's policy of punishment for those who come on boats without a visa. As an immigration lawyer who does not do any cases that are government funded, in theory I should applaud this decision, as it means possibly more clients. Instead I am appalled.

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  • ECONOMICS

    Financial advisers can be more than bookies

    • David James
    • 26 March 2014
    6 Comments

    Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.

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  • AUSTRALIA

    Best of 2013: Australian democracy needs an intrusion of the excluded

    • John Falzon
    • 16 January 2014
    1 Comment

    Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.

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  • AUSTRALIA

    The case for funding legal services with public money

    • Andrew Hamilton
    • 08 November 2013
    3 Comments

    From a liberal perspective the use of public money to fund free legal services to individuals is inherently undesirable. Even if the contracts are awarded under competitive tendering, the funding of the services is a distortion in the market. Ideally they should be left to the market to provide. And by definition they are less efficient than commercial organisations disciplined by a free and competitive market.

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  • ECONOMICS

    Boost budget by chopping charities' tax take

    • David James
    • 27 August 2013
    3 Comments

    Australia is one of only a few countries in the world that has a franking credit system. Though it is designed to stop 'double taxation' on company tax, in many cases it ends up being a 'double reward' for entities that already have tax favoured status. Last year the Tax Commissioner generously refunded over $500 million to charities and not-for-profits on dividends because they pay no tax.

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