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.
Since late 2019, both President Xi Jinping and Prime Minister Scott Morrison have come under fire for their shortcomings in times of national crisis. China as a hotspot of COVID-19 and Australia with the quartet of severe climate change, a lengthy drought, an horrific fire season and the inevitability of the coronavirus crashing onto our shores.
We are expected to believe that all those perceived Labor failures, plus the massive anti-Labor Clive Palmer campaign and the attraction of some positive Coalition policies, only shifted a little over one Australian in every hundred, though more in some states like Queensland and some individual seats. That analysis can't be right.
There's a lot of work to be done to ensure the Australian government has the best guidance it needs to prepare the policies and deliver the services Australians urgently need. To strengthen ourselves into making that contribution, let's begin by rejecting 'brutal retail politics' and instead champion generous community expertise.
A recent survey found one in three women under 30 are reconsidering having children because of fears of climate change. There are young people telling their parents they have a choice between voting for the Coalition, and getting grandkids. Yet the public is not waiting with bated breath for the result on election night. They are just be waiting.
The work of charities, including the generous work of volunteers, should not be a means of letting governments off the hook. People do not want to have to rely on charity; they want to be able to count on justice. And charity is never a substitute for justice. But it becomes so when governments abrogate their responsibilities.
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.
As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.
Australia's business lobbies are fond of complaining that company tax is too high. Lower it, they argue, and the economy would become more dynamic and everyone would benefit. The reality isn't that simple. The combination of Australia's dividend imputation system and the compulsory super scheme greatly benefit Australia's big companies.