Keywords: Negative Gearing
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AUSTRALIA
- Fatima Measham
- 18 February 2016
5 Comments
The formative experiences of Australian early boomers include unprecedented access to university education and health care, immersion in feminist discourse, Aboriginal land rights campaigns, environmental activism, LGBT movements and pacifism. Quite remarkably, it mirrors some of the elements that engage millennials. While in some ways anti-boomer sentiment seems well placed, what it misses is that on social issues a 21-year-old might have more in common with a 61-year-old than a 71-year-old.
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AUSTRALIA
- Fatima Measham
- 12 May 2015
3 Comments
The practice of presenting the budget to parliament came out of a crisis. In 1733, British Prime Minister Robert Walpole's announced plan to impose an excise tax on wine and tobacco was met with outrage. It reflects the reality that budget presentation did not start out as a neutral exercise in transparency but rather a mishandled piece of political communication.
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AUSTRALIA
- Michael Mullins
- 09 February 2015
8 Comments
As a former business executive, the Archbishop of Canterbury Justin Welby speaks with particular authority on economic issues. He has just given a landmark speech on the ‘Good Economy’ in which he stresses that everybody including the marginalised has a role to play. As our Coalition MPs undergo soul searching in order to reconnect with the Australian people, they might consider the virtues of a reduced pace of economic growth that has more universal benefit.
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AUSTRALIA
- Michael Mullins
- 02 February 2015
9 Comments
Rupert Murdoch’s tweets about the Prince Philip knighthood were as bizarre as the knighthood itself. It’s clear that the Prime Minister will not comply with Murdoch’s wishes because they were expressed so publicly and in such a self-discrediting manner. But if his directions had been issued behind closed doors, they might have been taken seriously and acted upon.
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ECONOMICS
- David James
- 10 December 2014
12 Comments
One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.
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AUSTRALIA
- Moira Rayner
- 31 October 2014
11 Comments
Affordable housing ought to be a hot election issue. Sadly it’s not a government priority, with ordinary people being taught to be entitled to look to capital growth in bricks and mortar as the best path to financial security. That is producing a housing price bubble and public housing is being squeezed. As a result, an increasing number of Australians can’t afford to put a roof over their head.
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ECONOMICS
- David James
- 08 September 2014
7 Comments
What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.
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MARGARET DOOLEY AWARD
- Harry Maher
- 20 August 2014
14 Comments
Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.
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AUSTRALIA
- Andrew Hamilton
- 19 June 2014
28 Comments
Many Australians, myself included, believed that the Federal Budget was unfair. So Treasurer Joe Hockey's recent speech in defence of its fairness offers a welcome challenge. Hockey is right to insist that fairness can co-exist with gradations of wealth within society. But fairness is incompatible with gross disparity of wealth because the concentration of wealth in the hands of few people and corporations destroys equality of opportunity.
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EDUCATION
An unregulated fee regime will result in an increase in course costs and will mean substantially larger debts for students after their periods of study. The prestigious Group of Eight institutions can be expected to exploit their reputational positions to charge top dollar. How does a 17-year-old decide whether selecting the degree from the prestige university over the same course at a newer institution justifies an extra decade of debt?
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ECONOMICS
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
- 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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