The following explanation by economist, professor, author, lawyer, and political commentator Robert Reich, applies to the situation in the United States; The same can be applied to Australia The only difference is that the amount, will differ, due to a smear economy and population. But it will still be an equivalent to meet similar needs. Taxation reform and on this scale should be part of our conversation.
Wealth tax: $2.75 trillion
Funding the IRS: $1.75 Trillion
Taxing Wall St trades: $777 Billion
Repealing Trump tax cuts: $500 Billion
Raising the top tax rate by 1%: $123 Billion
Eliminating loopholes: $119 Billion Total: $6 Trillion. Nearly double the cost of Joe Biden’s Build Back Better reconciliation bill.
This recent interview explains the collaboration between three investigative journalists into the saga of the United State’s pursuit of Julian Assange and how far the CIA and Mike Pompeo were prepared to go to get their man.
The Morrison government’s decision to start withdrawing emergency support is a kick in the teeth for those who find themselves out of work because of Covid. Contrast this with the generous loan facility to be set up for mining projects, and protection against loss from real estate promised to banks, and other lending institutions. This comes on top of generous handouts already given to mates. Continue reading COVID payments to end and this will hurt Australia→
An Australian Council of Social Service (ACOSS) survey has shown that 96 percent of those on Centrelink payments say they are struggling harder under the lockdowns. Most have had no government assistance this year. As the gap between income and the cost of housing continues to widen, a worrying 41.5 percent say they are at risk of homelessness. Continue reading Centrelink payments must rise to avoid a looming poverty crisis→