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
The cost of living is rising in Australia. Last week’s revealed figures are an increase of 6 percent in the cost of fruit, 13.5 percent for medical services, 4.9 percent for footwear, 4.9 percent for furniture, and 5.9 for petrol. This doesn’t include the ongoing rise in the cost of housing. Continue reading Rising living costs and low wages are hints of a faltering economy
By Joe Montero
The new bipartisanship on taxation policy will prove to be a disaster for Australia. This is about cutting tax for the wealthiest 10 percent of Australians. It means that the bipartisanship extends to making us an even less equal nation. Continue reading Cutting the top tax rate is wrong
Australia has long been far too dependent on foreign investment. The major negative consequences have been dominant ownership by overseas investor ownership and decision making power over the Australian economy and politics. Continue reading Foreign investment is falling but is still in control
On 4 July American celebrated their 4 July. This I s their day of independence, marking victory over Britain and the end of being a colony. The American revolution was important. It inspired the word, stood for freedom from tyranny and the right of a people to choose their own future. This is worth celebrating. Continue reading Revealed documents show the bad side of Bob Hawke
A report from the McKell Institute says average wages growth has been falling since 2013. Average wages are now $250 a week below where they would be if their growth had continued as before. Continue reading A changing labour market has stolen from the incomes of most Australians
