What's the point of the GST? | What's the Point? with Richard Denniss
On this episode of What’s the Point?, Richard Denniss explains the goods and services tax.
On this episode of What’s the Point?, Richard Denniss explains the goods and services tax.
Australia is set to ban non-compete clauses for workers earning under $190,100, with the government eager to do away with what it describes as “massive productivity and wage killers”.
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Santos boss Kevin Gallagher has claimed it’s a 'myth' that Australia gets less from its oil and gas resources than countries such as Norway and Qatar, despite figures showing the two nations reap substantially more public revenue from comparable LNG exports.
Barnaby might not understand the velocity of money, but neither does anyone else, and to be honest, the entire concept of it on inflation is pretty disputed, so trying to argue against him on that score is a mug’s game. The same goes for the One Nation and LNP’s policy of letting people raid their super.
Since Parliament last sat, the likelihood of a rate rise this year has gone from 'not likely' to 'lock it in'. I wish I could say this is because, in the past couple weeks, there has been data showing that the economy is going gangbusters and is in need of cooling off. But alas… this is not the case.
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.
