Anthony Albanese faced a great deal of opposition to his promise to keep Scott Morrison’s promise for big tax cuts for the very rich since the day of the election that made him Prime Minister. In fact, it threatened to Cause instability within the Labor Party. The angst was just contained in last year’s national party conference in Brisbane last year. Continue reading Albo’s tax cuts change more public relations than substance
In the wake of the fiasco of the voice referendum and a response to Israel’s attack on Israel that pleases no-one, the Essential Poll commissioned by the Guardian newspaper has revealed that more people disapprove than approve of Anthony Albanese’s performance as Prime Minister of Australia and the direction in which the country is going. Continue reading Australia demands a change in direction according to the latest Essential Poll
The amazing ability of our politicians, whether we’re talking about the government or opposition, to admit that the vast majority of Australians are becoming progressively worse off, and that this has its genesis in fundamental structural weaknesses in the economy, speaks volumes. Continue reading Australia’s economy still crying out for a change in direction
The latest Essential Poll reveals that the majority of Australians, that is 53 percent, are struggling financially. Many of the respondents said that rising interest rates are the biggest burden. This has added to the cost of buying a home and imposed significant increases in mortgage payments. And the increasing price of homes pushes up rents. Continue reading The interest is going up and not for the reasons they tell us
The banks and other institutions are saying that the Reserve Bank will most likely put up the interest rate in November. The reason they give is that Australians are earning too much money, because unemployment is so low. This means that too much money is chasing too few goods and services and causing inflation. Their solution is a few more unemployed and keeping wages down, ad tools to dampen excessive their clam that there is excessive demand for goods and services. Continue reading Interest rates will go up for reasons that are other than those they tell us
Despite all the media hype about something of a jobs boom and a sound economy, it happens that this hasn’t materialised into aa better life for most Australians. This isn’t surprising, since the talked about improvements area a mirage. Continue reading The rich are still getting richer at the expense of the rest of us
Australia has been crying out for years for something to be done to put an end to blatant exploitation of workers by greedy employers. One of the biggest abuses had been the rise in the use of labour hire intermediaries to pay lower wages than would otherwise be entitled. There is the use of insecure work and the gig economy. Don’t forget sham subcontracting and the fact that women are still often paid less than men. Continue reading Wage theft is a major problem that must be corrected
The latest survey by the Conversation should be of interest to everyone. It involved contributions from of leading forecasters in 25 Australian universities, thinktanks and financial institutions – among them economic modellers, former Treasury, International Monetary Fund and Reserve Bank officials, and a former member of the Reserve Bank board. Continue reading Recognised experts agree on that the Australian economy is in trouble
Foreign multinationals operating in Australia are being driven mad by debate in the Senate over stronger tax transparency laws that apply to them. It’s not that the discussion in the Senate is about putting an end to the corporate tax avoidance industry. it is about introducing a little more disclosure to the Australian Taxation Office (ATO), and that the information should be available to the public. Continue reading Multinationals push back against greater tax disclosure
Everyone knew it all along. Now the hard evidence is in. Coles and Woolworths have been price gouging and made big increases to their profit margins by doing this. Some would suggest this is a form of theft.
An analysis by Guardian columnist Jonathan Barrett, gleamed from an examination of five years of the financial accounts of the two supermarket monopolies, revealed the use of the covid pandemic to increase prices. Continue reading Coles and Woolworths have been robbing us
