Is the Reserve Bank governor the Grinch who stole Christmas?

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Money – in the form of taxes and interest rates – was on the minds of readers this week. Is the tax system biased against women? Is Reserve Bank governor Michele Bullock – who increased interest rates for the first time in five months on Tuesday – the Grinch who stole Christmas? Here is a selection of their online comments and letters.

Is the Reserve Bank governor a Grinch?

Is the Reserve Bank governor a Grinch?JOHN SHAKESPEARE

If you’re paying for childcare,you’re working for free

Swannies fan I returned to work when my son was one year old. Financially we were no better off due to the childcare fees,but I did it to hold on to my job. It also meant I didn’t lose my confidence and skills by staying out of the workforce. I also earned super which,20 years on,I’m grateful for.

KylieAs much as we do not want a system that disincentivises mothers who want to work,we also do not want a system that disincentivises women who want to care for their own children.

Butterfly57曆 When I was in the same situation 30 years ago,I saw the cost of childcare as an investment in my future work. As a professional at the time I needed to stay in touch,and be visible in the workplace. It ensured that I was able to maintain a role,and job history,until the last child went to school.

Chris Minns can’t affect housing affordability

Mitch One very obvious aspect helping to fuel Australia’s demand for property and hence prices,are the investors. However,Australia sent a very loud and clear message during the 2019 election that we didn’t want any changes to property investment taxation. Bravo Australia,you reap what you sow.

Eristic BobecheWe have too many people in Australia and the more people who arrive each year means the more difficult it is to own a house. Building 30,000 new homes with 600,000 new immigrants coming in each year does not make mathematical sense. While some people enjoy traffic congestion,impossibility of finding a parking spot,overcrowded public transport etc,most people don’t.

Lizzie We need more stories like this so that it becomes the major issue at the ballot box next election – then our tax-grabbing,property-owning politicians might start to get it.

Women set to suffer more from impending economic pain

Peter Hull,Hat HeadAbandoning stage three tax cuts and removing negative gearing concessions are but two measures that would slow the spending of the big spenders. I fear the desire to get a second term has blinkered the government to these options.

Ron Sinclair,WindradyneIsn’t it beyond time that the federal government weighed the breaking of a promise not to reconsider the stage three tax cuts against the need to use the large amount of money saved to help the many suffering dire cost of living problems – food,renting,housing and more?

Daisy Blue Stage three tax cuts need to be removed,and the big companies need to be taxed more,not less. Chalmers needs to do more for the working class and deal with the debt later on when the world economies pick up.

Mike Economic pain is only ever shared by ordinary people,particularly those who can’t tolerate any more economic pain. Pain is never shared around to the companies in Australia that pay ZERO taxes,or multinationals moving their money offshore to avoid paying taxes and to all the recipients of corporate welfare and middle class welfare schemes in Australia. Pain and taxes are for the “little” people.

Chris Scrapping or modifying these tax cuts are a no-brainer on equity and macroeconomic grounds. So is dealing with the unaffordable housing crisis and the massive migration surge. Get on with it Albo or become a one-termer.

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