You’ve been told your whole life that taking on debt for an education is OK, because that education will land you a good job. The debt will be manageable. Your earning power will increase. University will be your pathway to social mobility.
In a sign of the brutal impact of the Reserve Bank’s three interest rate rises, more than 1 million Australians worked multiple jobs in the June quarter for the first time. When cost of living pressures rise, one of the more dramatic impacts we see in the economy is more people needing to work more than one job to make ends meet.
Last week, research by the Reserve Bank of Australia (RBA) confirmed that they were wrong in 2023 to criticise research by The Australia Institute, which showed rising profits were the significant cause of inflation in the post-pandemic period.
On this episode of What’s the Point?, Richard Denniss explains the goods and services tax. The GST was supposed to grow over time, so that state and territory governments would have a reliable income source to help them fund the important services they provide long into the future. Richard looks into whether it is actually working as intended
Host: Richard Denniss, co-Chief Executive Officer, the Australia Institute //@richarddenniss
Host: Anna Chang, Managing Editor, The Point // @annachang
Show notes:
GST Shortfall | The Australia Institute
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes topodcasts@australiainstitute.org.au. Subscribe to What’s the Point? with Richard Denniss on YouTube, Apple Podcasts, Spotify or wherever you get your favourite podcasts.
