Category Archives: Economy

JOHN MENADUE. Miners, taxation and donations. (Repost 17/10/2013)

In my blog of June 3 “the Miners Lament”, I pointed out that the large foreign owned  mining companies in Australia may yet regret that they rejected out of hand the Resources Super Profits Tax that the Rudd Government proposed. … Continue reading

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IAN DUNLOP. The Leaders We Deserve?

Rarely have politicians demonstrated their ignorance of the real risks and opportunities confronting Australia than with the recent utterances of Barnaby Joyce, Matt Canavan and other ministers promoting development of Adani and Galilee Basin coal generally, along with their petulant … Continue reading

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BRIAN TOOHEY. How to repair neo-liberalism

The policy debate needs fresh ideas to fill the gap left by the lack of popular and political support for the neo-liberal economic agenda. Paul Keating, who championed that agenda, recently said neo-liberal economics “has run into a dead end … Continue reading

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JOHN DWYER. Policy mayhem is stifling efforts to have more Australian doctors “in the bush” – part two

In this two part article, I am reviewing the basis for the serious problem we have in providing adequate health care for Australians who live in rural, and particularly, remote areas. Good intentions are, as ever, intertwined with political machinations … Continue reading

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IAN MCAULEY. There’s more to Morrison’s conversion on debt than appears at first sight

There is nothing novel about Treasurer Morrison’s discovery that government debt is all OK provided it’s applied to funding useful assets. But it may be an indication that the government is disillusioned with monetary policy as a means of stabilising … Continue reading

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IAN MCAULEY. The budget – still tough on the young

The Commonwealth’s budget has a Keynesian boost for a sluggish economy, and is based on an optimistic, or even heroic, assumption that economic growth will deliver a fiscal surplus within a few years. We have heard similar claims from treasurers, … Continue reading

Posted in Housing, Infrastructure, Taxation | Tagged , , , , , , , | 2 Comments

MICHAEL KEATING. The 2017 Budget – A welcome change in direction. Part 1 of 2

This Budget represents a welcome change in direction. Forget the politics, it deserves to be supported. This latest Coalition Budget finally reflects a realistic appraisal of Australia’s fiscal needs. 

Posted in Economy, Politics, Taxation | Tagged , , , , | 3 Comments

MICHAEL KEATING. The 2017 Budget – A welcome change in direction. Part 2 of 2

Budget repair was never going to be easy. That is one reason why it has taken so long with quite a few false starts. While some of the individual decisions in this Budget are debateable, overall the quality of the … Continue reading

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JOHN MENADUE. A rigged gas market and market failure.

Yesterday, the government announced that it would impose an Australian Domestic Gas Security Mechanism on gas exports from July this year.  This will give the government authority to limit companies’ gas exports if they are emptying Australian gas reserves to … Continue reading

Posted in Economy, Environment, Politics | Tagged , , , , , | 2 Comments

IAN McAULEY. The Liberal Party’s French Connection

The political future of Kelly O’Dwyer, Minister for Revenue and Financial Services (presently on maternity leave) is uncertain, as Liberal Party members in her electorate move to disendorse her. On one level this conflict can be seen as the shenanigans … Continue reading

Posted in Economy, Politics, Taxation | Tagged , , , , , | 3 Comments

TIM COLEBATCH. Yes, there is such a thing as too much immigration

Adjusting the intake in response to shifts in employment makes long-term sense.   Between 2008 and 2016, in net terms, the Australian labour market expanded by 474,000 full-time jobs. But only 74,000 of them went to people born in Australia. That’s … Continue reading

Posted in Economy, Immigration | Tagged , , , | 3 Comments

ALLAN PATIENCE. It’s time for Labor to think big about policy – a people’s bank!

Tony Abbott is not the only one anticipating a change of government at the next election. Voters across the board are increasingly fed up with the Coalition and there are even signs that some of its most devoted cheer leaders … Continue reading

Posted in Climate change, Economy, Infrastructure, Politics | Tagged , , , , , , | 11 Comments

TED TRAINER. Oil wake-up call.

Almost no one has the slightest grasp of the oil crunch that will probably hit them within a decade. When it does it will literally mean the end of the world as we know it. Here is an outline of … Continue reading

Posted in Economy | Tagged , , , | 2 Comments

TREVOR COBBOLD. How has education come to this?

For a country that prides itself on the egalitarian ethos of a ‘fair go’ for all, the latest results from the OECD’s Programme for International Student Assessment (PISA) are a distressing reminder that many are not getting a fair go … Continue reading

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IAN McAULEY. Capital gains taxes: Keating got it right in 1985

Most commentators on the crisis in housing affordability correctly attribute the problem, in part, to the Howard Government’s decision in 1999 to “halve the taxation of capital gains”. But that was only one aspect of the 1999 change: the other … Continue reading

Posted in Economy, Taxation | Tagged , , , , , | 4 Comments

JOHN MENADUE. 457 visas and our temporary residence system.

In light of government announcement on 457 visas, I have reposted below an article originally posted on 18 November 2016.  See also at end, a link to an article by Joanna Howe in The Canberra Times yesterday.  John Menadue. Oversight … Continue reading

Posted in Economy, Immigration, Industrial relations, Politics | Tagged , , , , , , | 4 Comments

GILES PARKINSON. Tide turns as solar, storage costs trump ideologues and incumbents

Looking at the machinations over the proposed Adani coal mine in Queensland’s Galilee Basin this week, or seeing certain Coalition Senators howling at the moon over wind turbine “emissions”, or the Treasurer brandishing a lump of coal in parliament, it is … Continue reading

Posted in Climate change, Economy, Politics | Tagged , , , , , , , , | 1 Comment

ALLAN PATIENCE. Is it time to resurrect the Albury-Wodonga city plan?

The housing crisis, hitting young Australians in particular, is one of the cruelest consequences of economic rationalist policy making to which both our major political parties remain super-glued. Neither party has a clearly articulated, long-term solution to this ideologically generated … Continue reading

Posted in Economy, Housing, Politics | Tagged , , , , , , , | 3 Comments

IAN VERRENDER. Distribution of debt poses new trigger to the property, housing market

The trigger has been cocked. Our attitude to property has changed. No longer is it merely a castle, a family retreat and a place in which to find shelter. It’s now a highly geared investment vehicle.  It will take enormous … Continue reading

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KEITH JOINER. Negating the Impact of the Future Submarine at Next Election

Australia’s future submarine project has already been a factor in Australia’s political pulse, in both the fever of pre-elections and in the now omnipresent prime-ministerial instability between these all-too-frequent elections. South Australia’s Xenophon factor has become powerful, and appointments like … Continue reading

Posted in Defence/Security, Economy, Politics | Tagged , , , , | 1 Comment

IAN McAULEY. Can we please have a more intelligent debate about corporate taxes

The simple explanation behind the Commonwealth’s proposal to cut corporate taxes is in terms of a struggle between the interests of business and of the broader community, but it is also about the Coalition’s determination, under pressure from vested interests, … Continue reading

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MUNGO MacCALLUM. Another distraction, but what a distraction.

The starting point is putting a price on carbon – some form of emissions trading policy. But this is total anathema to the coalition party room – worse even than negative gearing. 

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RODNEY TUCKER. The Tragedy of Australia’s National Broadband Network.

A National Tragedy Australia’s National Broadband Network is heavily dependent on a soon-to-be-obsolete technology (FTTN) that most of the world has rejected. The FTTN-based network was sold to the Australian public based on an underestimate of Australia’s broadband needs (Tucker, … Continue reading

Posted in Economy, Infrastructure, NBN | Tagged , , , , , | 4 Comments

WAYNE McMILLAN. David versus Goliath: reform and reinvention (Part 2 of 2)

What Sally McManus’s is saying is correct, I agree with her conclusions about what has happened to workers over the last 30 years and what is becoming intolerable now in 2017. Across Australia in 2017, little or no wage growth, … Continue reading

Posted in Economy, Industrial relations, Politics | Tagged , , , , , , , , | 4 Comments

WAYNE McMILLAN. David and Goliath: One step forward, two steps back. (Part 1 of 2)

Malcom Turnbull’s recent comment that he couldn’t work with Sally McManus the recently elected Secretary of the Australian Council of Trade Unions (ACTU) is just another excuse against strong union representation for ordinary waged workers.

Posted in Economy, Industrial relations, Politics | Tagged , , , , , , | 5 Comments

DAVID PEETZ. How tax minimisation affects CEO pay

Firms whose executives behave ‘unethically’, as proxied by not paying any company tax, are also likely to pay their CEOs an average of around a fifth more than firms of similar size and circumstances who do pay company tax.  

Posted in Economy, Industrial relations, Politics, Taxation | Tagged , | 2 Comments

ALLAN PATIENCE. Where do we go from here?

“Why do we experience such difficulty even imagining a different sort of society? Why is it beyond us to conceive of a different set of arrangements to our common advantage? Are we doomed indefinitely to lurch between a dysfunctional ‘free … Continue reading

Posted in Economy, Politics | Tagged , , , , , | 7 Comments

TONY SMITH. Company tax cuts by any other name

The federal government might have called its company tax cuts bill by another almost Orwellian name, but semantic disguises should not fool anyone. Tax cuts are being delivered to Australian business.  

Posted in Economy, Politics | Tagged , , , , | 2 Comments

MUNGO MacCALLUM. Even in Malcolm Turnbull’s own terms, it is a fizzer.

Well it wasn’t what was hoped for, and certainly not what was required; but it was better than nothing.  

Posted in Economy, Media, Politics | Tagged , , , , , , | 4 Comments