Keywords: Negative Gearing
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ECONOMICS
- Joe Zabar
- 21 February 2019
5 Comments
Both Labor and the Coalition would be wise to consider revisiting the Howard-era Family Tax Benefits to provide targeted relief to families. Both have taken their share out of the FTB bucket as a way to balance the budget. By doing so, they have left many families worse off. The restoration of some of the cuts to FTB would be a good a start.
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RELIGION
- Frank Brennan
- 18 February 2019
'We can do this better by breaking down the silos and binding together our concern for nature, justice for the poor, commitment to society, and interior peace.' Opening Keynote Address by Fr Frank Brennan SJ at the Catholic Social Services Australia National Conference, Port Macquarie 19 February 2019.
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RELIGION
- Claire-Anne Willis and Denis Fitzgerald
- 20 July 2018
4 Comments
The demand for social housing and the substantial Church investment in land means that housing should remain a significant priority of the Catholic Church in Australia. It is an injustice for some to have more than enough while others lack bare necessities. Compassionate and fair leadership needs to drive social change.
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ECONOMICS
- Gabriela D'Souza
- 17 May 2018
2 Comments
There were the stories that didn't get much of a mention in the mainstream press but will net large gains for young people and new entrants to the labour market. Under the budget measure, inactive super accounts with balances of less than $6000 will have a three per cent cap on fees charged. But is this policy quite what it seems?
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AUSTRALIA
- Gabriela D'Souza
- 06 April 2018
5 Comments
I was in Sydney recently, and within less than an hour of my arrival of the airport, I was thrust into a conversation about how completely unaffordable the city was becoming. 'Bonkers' was the general consensus. But how did it get this bad and what can be done to repair the current state of affairs?
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ECONOMICS
- David James
- 12 December 2017
1 Comment
It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.
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INTERNATIONAL
- Justin Glyn
- 06 October 2017
7 Comments
In this time of austerity I am pleased and proud that Our Glorious Leader has decided to curtail the luxuries which we had formerly enjoyed ... for our own good, of course. I refer, of course, to our rapidly diminishing pool of civil liberties.
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ECONOMICS
- Andrew Hamilton
- 16 August 2017
18 Comments
Cometh the hour, cometh the third murderer. So now inequality is in the spotlight and is being booed off the stage. It is blamed for the rise of populist politics, and more fundamentally for economic stagnation. The economic neo-liberal orthodoxy, that so implausibly claimed that economic competition unfettered by government regulation would benefit all of the citizens, has produced the gross inequality that hinders economic growth.
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AUSTRALIA
- Fatima Measham
- 21 June 2017
15 Comments
In the latest Essential poll, the primary vote for Pauline Hanson's One Nation lifted to 11 per cent. It does not bode well when competence is no longer the baseline; though in a leadership vacuum, 'someone else' holds a natural appeal. In any case, there can be worse things than incompetence. There is timidity. Mediocrity. Running up the cost of doing nothing at all. In so many ways, the Australian political class is holding us back. That is the crux of nearly every policy impasse over the past several years.
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ECONOMICS
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
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.
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AUSTRALIA
- Kate Galloway
- 13 April 2017
8 Comments
There are reasons to be concerned about the capacity of a government to govern in the current brief election cycle, and in dealing with what some describe as a 'hostile senate'. But the networked world we inhabit also calls into question the way in which politicians might be accountable to the public. Rather than focusing on changes to a system of governance derived from a different era, we should be asking what are the implications of emergent technologies on the way in which we are governed.
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