By Joe Montero
It’s just not good enough. The proposed changes to the Australian Banking Association (ABA) code of conduct won’t fix what is wrong with the banks. Continue reading Australia cannot afford to be fooled by new bank code of conduct
Category Archives: Economy
Australia’s debt crisis is real and needs to be dealt with
By Joe Montero
The proof is in. A personal debt bomb is ticking, and it has the potential to pull the Australian economy down the drain, if something is not done about it. Continue reading Australia’s debt crisis is real and needs to be dealt with
Corporations invested their Trump tax cuts into failing stock buybacks
This article by Eric Levitz (New York Magazine 9 July 2018), is about the real effect of the Trump cut to company tax, just 6 months after it was put into effect. It has not led to a revival in positive investment. On the contrary. Bad investment has been the result and of squandering money that could have been alternately put, to better use making lives better for Americans, concludes the writer.
Continue reading Corporations invested their Trump tax cuts into failing stock buybacks
Average income is much less than we are being told
By Joe Montero
According to the government and reported by much of the media, the average adult in Australia has an income of $84,600. The so how does this match up with the reality that most seem to find themselves on the other side of this line? Continue reading Average income is much less than we are being told
Casualisation of work is rooted in the economic system
By Joe Montero
According to the Australia Institute’s Centre for Future Work, ABS data from 2012 to 2017, shows that full time work with leave entitlements has fallen to 49.97 percent and just 38.9 percent for those under 30. Part time work is the highest ever, Taking up 31.7 percent of the workforce. Continue reading Casualisation of work is rooted in the economic system
Video: This is what really happens when you give corporations a tax cut
Video: This is what really happens when you give corporations a tax cut
Watch this video clip for an easy to understand explanation that debunks the fallacy that allowing corporations to pay less tax results in more investment in the economy and more jobs. This applies to Australia too.
Video by Trae Crowder
Taxation scam is designed to benefit the richest at everyone else’s expense
By Jim Hayes
The big push to enforce a corporate tax cut is still on. It might have stalled in the Senate, after last May’s budget, Treasurer Scott Morrison’s three stage plan is still on the books. Continue reading Taxation scam is designed to benefit the richest at everyone else’s expense
Video: This is a future to fight for
Here is a call from the activist online organisation GNU, for Australians to come together to build an economy that works for everyone, not the one percent. It is suggested that this is a good time to be bold, meet the big challenges and put forward real concrete measures work towards a better future and deliver what we want. We do not need to accept a failing economy, which does not deliver fairness and what we need to pursue our potential as individuals and as a society. Continue reading Video: This is a future to fight for
The 2018 budget covers that there is more take than give
By Joe Montero
The big selling point in this year’s federal budget is the tax cuts. No doubt, much of Australia will appreciate having to hand over a little less of their income. This has the marking of a government, scared that it is in a terminal decline. Continue reading The 2018 budget covers that there is more take than give
Victoria’s new budget should be the start of a new direction
By Joe Montero
The budget handed down by the Victorian government on Tuesday, is an important step in the right direction. Of course, the final verdict is in the detail and some of this is still missing. Continue reading Victoria’s new budget should be the start of a new direction