Quietly, Chalmers moves on WA’s dodgy GST deal. Nobody is going to be happy. A rather large time-bomb, bequeathed to Jim Chalmers by the previous government, is set to explode in just over three years from now.
Inequality and the neoliberal legacy. Half a century of trickle-up economics has decreased prosperity, overburdened the health system – and caused a vast number of premature deaths. In Australia, the Howard government did most of the damage.
Neoliberalism: an obituary. The ideology which ruled the world’s economies for half a century has, after a long illness, finally died. Liz Truss tripped over its decaying corpse on the doorstep of 10 Downing Street.
Census delivers a big budget windfall to the small states. Almost $900 million will be transferred this financial year from the biggest states to the smaller jurisdictions. And Victoria will lose the federal seat it recently gained.
Universal health care is the cheapest option. Anything less costs more. Starving the health system of money and resources is the economics of stupidity. Any savings are soon eclipsed by the massive cost to the economy, to the society and to government budgets.
Budget cuts loom as Frydenberg ramps up debt-and-deficit. Here’s why it’s bullshit. It’s time, declared the Financial Review , to start budget repair. “The budget is spinning out of control.” It’s code, of course.
Wages from Howard to Morrison (and the $80 billion a year deficit). Since the Howard government was elected in 1996, there has been a massive transfer of wealth from wage-earners to the owners and managers of capital.