The Albanese government is bracing for arguably its biggest policy brawl to date as it prepares to break election promises on negative gearing.
Inflation hits poorer people harder,which creates the very worst social equation:the wealthy can continue to spend,further stoking inflation. It creates a recipe for populism.
The government has been told by its key economic adviser that to lift living standards it needs to cut company tax and red tape.
Raising the prospect of a stand-off reminiscent of the Rudd-era mining tax,Business Council of Australia chief Bran Black will set red lines for the business community on tax reform.
The government asked bureaucrats for ways to cut red tape. They say new tech and AI can help make savings and stop criminals.
We’re still a long,long way from enjoying the 15-hour working week predicted in the 1930s.
Many of the people at the treasurer’s economic roundtable are earning six or seven figures,but there’s one whose single-day appearance is worth more than $60,000.
Australia’s top unionist and a tech billionaire are making moves to confront the challenge of artificial intelligence.
At least there was no one with a guitar leading the room in Kumbaya. The success of the economic roundtable will be grounded in results.
Australians have a tax and welfare system that’s one of the envies of the world. But it’s also transferring masses of wealth to our older generations.