Tag Archives: Michael Keating

Michael Keating. Fiscal Repair – both Revenue and Expenditure.

With Federal Budget deficits projected to continue indefinitely, the one thing that is generally agreed is that fiscal repair and consolidation is absolutely necessary. Where there is debate, however, is about how much of the repair job must be achieved … Continue reading

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Michael Keating. Is there a trade-off between equality and efficiency?

A critical policy issue has always been whether greater equality inevitably comes at a cost to the economic growth. For example, historically economists have typically believed that there is a trade-off between increased equality and efficiency. Even those economists who … Continue reading

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Michael Keating. Greece’s Predicament

The front page news story for weeks now has been what is happening to Greece and what will happen. The markets, the various authorities and the media all treat Greece’s predicament as if it were solely a matter of excessive … Continue reading

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Pearls and Irritations Policy Series

Link to Fairness, Opportunity and Security. Policy Series edited by Michael Keating and John Menadue.  http://johnmenadue.com/blog/?p=3719

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Pearls and Irritations – Policy Series and Current Affairs.

Fairness, Opportunity and Security. Policy Series edited by Michael Keating and John Menadue. With many other people, we are concerned about the policy vacuum and the poor level of public debate on important policy issues. We began a series of articles … Continue reading

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Michael Keating. Improving Productivity.

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue. After more than seventy years of ever increasing living standards Australians have come to expect further such increases as their right. But these increasing living standards are … Continue reading

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Michael Keating. Improving Employment Participation

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue. The rate of employment participation and the productivity of those employees together determine the average per capita incomes of Australians, and therefore our living standards. In addition, … Continue reading

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Michael Keating. The Future of Federalism

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue. Six months ago Tony Abbott announced that he wanted to ‘create a more rational system of government for the nation that we have undoubtedly have become’. A … Continue reading

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Michael Keating. Taxation Reform

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue.  Oliver Wendell Holmes, the great American jurist, is reputed to have said, ‘I like to pay taxes. In this way I buy civilisation.’ However, in contrast to … Continue reading

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Michael Keating. Fixing the Budget – Part 2

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue. The previous article on fixing the Budget concluded that the Government’s plan to balance the Budget by 2019-20 was not really credible. It relies too much on … Continue reading

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Michael Keating. Fixing the Budget – Part 1

Fairness, Opportunity and Security. Policy series edited by Michael Keating and John Menadue. According to the Treasurer, Joe Hockey, the ‘timetable back to a budget surplus is unchanged from last year’. Furthermore, the Government is asking us to believe that … Continue reading

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Michael Keating. The Role and Responsibilities of Government.

Fairness, Opportunity and Security Policy series edited by Michael Keating and John Menadue. Different possible conceptions of the responsibilities and roles of government are an important backdrop to the policies that will be examined later in this series of articles. … Continue reading

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LAUNCHING NEXT MONDAY. 11 May 2015. Policy Series

Fairness, Opportunity and Security A Policy Series to fill the policy vacuum. Edited by Michael Keating and John Menadue. On May 11 in this blog- Pearls and Irritations– we will begin a series of articles on important policy issues. There … Continue reading

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COMING SOON. A policy series to fill the policy vacuum.

 COMING SOON.   11 May 2015 Fairness, Opportunity, Security. A Policy Series to fill the policy vacuum. Edited by Michael Keating and John Menadue There is growing public disquiet. The government and the opposition keep playing the political and personal game … Continue reading

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COMING SOON – Mike Keating and John Menadue (joint editors). POLICY SERIES

Mike Keating and John Menadue (joint editors) Fairness, Opportunity and Security -filling the policy vacuum There is a growing public disquiet that both the government and the opposition keep playing the political and personal game at the expense of informed … Continue reading

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John Menadue. The miners may have been better off with a super profits tax.

As a result of the lower iron ore prices there is a dramatic shake-up coming amongst our iron ore companies, the largest of which are foreign owned. These companies conducted a vociferous campaign against the Resources Super Profits Tax. They … Continue reading

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Michael Keating. Tax Reform 2015

According to the Government its first objective for tax reform is lower taxes. A responsible government would, however, first consider what revenue will need to be raised to efficiently fund the sorts of services that our society expects. Of course, … Continue reading

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Michael Keating. The 2015 Intergenerational Report

Purpose of the Intergenerational Report The Intergenerational Report (IGR) should be an important document.  It purports to tell us what the Australian population, economy and Budget could look like in forty years time. Of course no-one really knows what the … Continue reading

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Michael Keating. The Financial System Inquiry. Part 3: Investor protection and other matters.

I am reposting Part 3 of this important series by Michael Keating which was posted during the holiday period.  John Menadue Investor protection It is now more than 15 years since the present regulatory system was established for the financial … Continue reading

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Michael Keating. The Financial System Inquiry. Part 2: Superannuation and Retirement Incomes

I am reposting Part 2 of this important series which you may have missed during the holiday period. John Menadue. Australia’s retirement income system is based on three pillars: A means-tested age pension funded from general revenue which alleviates poverty … Continue reading

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Michael Keating. The Financial System Inquiry. Part 1: Resilience of the Financial System.

I am reposting this important article in case you missed it during the holiday period.  John Menadue With its budget stalled the Abbott Government has often appeared to be floundering and devoid of any long term economic plan or strategy. … Continue reading

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Michael Keating. The Government’s mid-year budget update. Part 2.

Where to from here?  So what is the Government’s strategy to return the Budget to return to surplus as the government has promised over the medium term? The May Budget was almost universally criticised for its unfairness. While restoring fiscal … Continue reading

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Michael Keating. The Government’s mid-year Budget Update. Part 1.

What does it say about the government’s fiscal performance?  The headline news is that the Budget deficit for the current fiscal year, 2014-15 has blown out by $10.6 bn from $29.8 bn in the Budget to $40.4 bn in the … Continue reading

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Michael Keating. The politics of the Medicare co-payment

The adjustments that Tony Abbott announced to the Medicare co-payment are presumably intended to remove this particular ‘barnacle’.  According to Graham Richardson, that self-styled political expert writing in the Australian, Abbott’s parliamentary colleagues ‘are breathing huge sighs of relief … … Continue reading

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Michael Keating. Capitalism and the Economy.

As both John Menadue and Ian McAuley have argued in recent posts there are good social reasons for governments to intervene to modify the outcomes from a purely capitalist economy. Right now rising inequality and taxation avoidance by companies and … Continue reading

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Michael Keating. Rebalancing government in Australia. Part II

Taxation Reform and Vertical Fiscal Imbalance Another third and final reason for national government pre-eminence over the States in our federal system is of course the national government’s domination of taxation, widely described as ‘vertical fiscal imbalance’ or VFI. Paul … Continue reading

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Michael Keating. Rebalancing government in Australia. Part I.

The Future of Federalism Tony Abbott recently announced that he wants ‘to create a more rational system of government for the nation that we have undoubtedly become’. As Abbott describes it, achievement of this more rational system is dependent on developing … Continue reading

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Michael Keating. The mining tax debacle

Tony Abbott has finally achieved another “triumph” with the end of the mining tax.  Of course mining royalties continue, and have even been increased recently, and oil and gas are subject to a similar sort of resource rent tax that … Continue reading

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Michael Keating. Budget Choices

Faced with the rejection of a significant part of its Budget, the Government is reportedly looking around at alternative compromises. Essentially the Government wants to ensure that the Budget is balanced by 2017-18. Consequently if some of the present savings … Continue reading

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Michael Keating. Government Concedes and Declares Victory

For months the government and its various spokesmen in the Australian have been warning us that the nation faces a catastrophe if the Budget does not pass the Parliament intact. Essentially we were told that there was ‘no alternative’ if … Continue reading

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