Category archives for Budget

Infrastructure – Be patient

My favourite program on TV is Utopia. For those who have not seen it, Utopia is a comedy about a fictional government body responsible for Australia infrastructure. They are constantly hassled by politicians wanting to get their favourite infrastructure project approved regardless of the benefit to the country. Many of the projects are grand concepts […]

Measuring the benefits of penalty rate reductions

I was interested in the Fair Work Commission deciding to reduce some weekend rates. Obviously they gave this a lot of thought as did the Productivity Commission. According to Justice Ross evidence from business owners demonstrated that the present level of Sunday rates had led them to restrict trading hours, reduce staff levels and restrict the […]

Home Affordability

We all know the gap between rich and poor is getting bigger. In this article I will try and highlight a few of the results that perhaps you have not thought about in relation to the rich/poor divide, and home affordability. Best start off with a graph courtesy of Econompic: So what does it tell […]

Re-create the middle class

A comment from Brexit seems to sum up the world of western politics today.  A woman was asked how she would vote. “If you have money you vote to remain. If you have no money you vote to leave.” This neatly sums up a problem that is cropping up in a number of countries.  People […]

A slippery slope

Imagine this.  A school teacher sees a child being molested in the school grounds.  The teacher reports it to the Principal.  What would you expect to happen next? If the Principal fails to report it to authorities, the Principal is subject to a $5,000 fine If the Principal does report it, the Principal is subject […]

Success to Abbott is forgetting the budget

The dull and boring federal budget is now with us.  Not much to report.  Didn’t do much.  Seems the whole purpose was to avoid any criticism.  There are a few points worth noting however. The $20k tax deductible amount is aimed at boosting small business.  If a small business is making a profit, and hence […]

Tax avoiding multinationals

Having laws is the problem.  It has changed how we see things. Let’s start with the first group of humans to ever try living together.  Way back in the distant past, there must have been some driver to bring individuals together into a village of sorts.  Maybe it was for companionship.  Maybe it was to […]

A fairy tale. Tony Abbott and the backbenchers.

Tony Abbott gathered together those who had failed to make the exalted rank of Cabinet Ministers.  It was just like Jesus gathering the disciples at the last supper. “I have gathered all you backbenchers together today to get some feedback as to how ‘good government’ is going.  The public seen to think I should talk to […]

Why government grants to first home buyers are a waste of time.

Imagine if you will, a company that sells gizmos.  They charge $1,000 for each gizmo and sell 50,000 a year.  It is a stable business and each year rolls past with the same price and the same volume.  Now the government decides more people should buy gizmos.  They decide to pay each person who buys […]

My Budget

I am going to be brave.  Really brave.  I am going to propose what should be in the next budget.  Now I don’t have access to the Government Budget Office or Treasury so I will have to give some general comments rather than quoting figures. Let’s start with some issues and principles: What we receive […]

Peta and the PM

“Peta, Peta pumpkin eater.  Where are you?” “I swear if he says that again he is going to find barbed wire in his budgie smugglers.  Let’s see how prickly he is then.  Over here Prime Minister.” “Been up to a few things since you have been away Peta.  Got rid of the whip.  I think […]

Farmers and the Banks

As far back as I can remember, and for decades before that, the issue of banks and farmers has been a sore point.  Banks are bastards who take the farms off drought ravaged farmers.  The family may have had the farm for generations but now it is being taken away for reasons outside their control.  Now […]

The problem is the unfairness of the proposed solution

Its not as though there isn’t a problem. There is. We are spending more than we are collecting in tax. Neither party has denied the problem, but the problem is part one. Where differences occur is in part two. What do we do about the problem? The reason for the general rejection of the budget […]

ABC – Abbott’s Broken Commitments

You have to feel sorry for Malcolm Turnbull.  Watching him squirm as he talked about cuts to the ABC was like watching a man in barbed wire underpants.  The pain was excruciating.  You could see he knew that we knew it was a fine load of bovine excreta, but he had to say it.  Tony […]

Sydney by Bullet Train

I am just back from a trip to Japan.  One thing that struck me as relevant to Sydney were bullet trains, or as they are called there, Shinkansen.  Maybe they could help with the housing problems we face in the Sydney basin. I was in Kyoto.  Kyoto is 363 km from Tokyo.  It takes the train […]

Share decision making with the people.

When the budget crisis that the Liberals invented is reduced to it’s most basic, there are two questions to answer: Do we need to address an increasing gap between income and expenditure If so, how do we do it The first question has a high degree of consensus.  Yes, we have a shift in the […]

Labor Strategy

Bill Shorten is coping some criticism at the moment for being too quiet.  Let’s step back for a minute and think about what he should do.  What should be the Labor strategy? Labor has four basic options open to them. 1. Attack the government and deny support for anything they propose.  This was the Abbott approach […]

Between Gordon Gecko and Mother Theresa

In Australian politics there are two ideologies at play. The Liberal ideology is one of a market driven society.  If government just gets out of the way, the market will ensure we are all prosperous and happy.  Plenty of jobs and plenty of goods to buy.  They believe government stifles free enterprise.  Too much government […]

Looking at taxation from the wrong direction

There is a long term need in Australia to raise more tax revenue.  If we want to maintain a compassionate society that looks after those who need looking after we need more money to do it.  The sick, children, older Australians, people with disabilities and those having difficulty looking after themselves.  It is not a […]