So, the Australian economy is doing well and grew by 3.4 percent in the last quarter? This is what the official figures just handed down are telling us. If it were true, it would be welcome news. The trouble is it isn’t true. Continue reading Fairy tales about Australia’s economic performance hide the truth
A great deal has been written about where we might head to in the post pandemic world. Is it a return to the past or forward towards something new? Continue reading What should be Australia’s path to the future?
Digital currencies are here and set to explode into the scene. To most people they are still something confined to the internet and not real. Digital currencies are very real though, and will increasingly intrude into our lives. Continue reading Are virtual currencies democratising money or a threat?
Among industrialised nations, Australia has for some time led as the land with the highest number of hours worked by full-time employees. Australia is also up there with the number of underemployed workers. This is not surprising. Overwork and underwork dovetail neatly into a labour market designed to squeeze the worker by any means available Continue reading Australians are now working more unpaid hours
At a time of worsening international tensions, it would make a great deal of sense for Australia to be playing a constructive role towards reducing these tensions. Sadly, with Scott Morrison and his gang in Canberra, Australia has been dragged into moves that do the opposite. Continue reading AUKUS is tied to the economic and political decline of the United States
If you believe that Treasurer Josh Frydenberg is going to lower taxes you must pay, you are in for a shock. Contrary to all the carry on about lowering taxes, they are being raised. That is, unless you are one of those in the top income bracket. Continue reading We will soon be paying Australians can more taxes and facing spending cuts
Economic and social problems in country Australia often go unnoticed in the city. It hasn’t been easy in the last few decades and living in small communities and isolated by distance means few alternative options. Continue reading Country banks are closing and leaving people without
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.
One of the biggest disgraces in recent Australian history must be the corporate misuse of the JobKeeper payments last year. It did not take long for reports to come in on how certain companies were diverting money to themselves, which was supposed go to workers forced to stay home. Continue reading JobKeeper was used as a vehicle for corporate welfare
To suggest that worry about where the global economy is heading is serious is something of an understatement. Underlying the mood is the decision of the International Monetary Fund (IMF) to release $650 billion to help member nations in trouble. Continue reading IMF moves to provide $650 billion in aid for the crisis
