Economy
Wages are flat and inflation is up: why the RBA has it wrong
The latest wages data shows the RBA is wrong to blame higher wages for rising inflation. Recently inflation was on the rise, and the Reserve Bank is worried about a tight labour market. But what does a tight labour market mean, and what does it have to do with inflation?
Why do the media treat rising wages as dangerous — but $200m sponsorships aren’t?
Perhaps the most screwed aspect of how the media covers economics and business is how profits and business expenses are written about as though they are glorious things with no losers, while wages growth is always a danger that actually will hurt customers.
Record loans, soaring house prices, another windfall for banks: new housing policy did exactly as expected
The Commonwealth Bank has delivered a staggering profit update amid a surge in first home buyers trying to crack the property market.
New poll shows support for gas export tax across political spectrum
New polling has revealed that One Nation and Greens voters strongly support a 25 per cent tax on gas exports. The idea was suggested by the Australian Council of Trade Unions last year, and this polling confirms there is support across party lines.
David Pocock is right: more tax is raised from beer than from petroleum resource rent tax (PRRT)
Senator David Pocock has produced viral social media content claiming that Australia’s beer tax raises more revenue than the gas industry pays in Petroleum Resource Rent Tax (PRRT). Can more public money really come from beer tax than gas tax?
Australia’s tax concessions benefit men more than women
Budgets are about choices, and as the Federal Budget approaches in May, it’s a good time to ask who the Australian Government has in mind when they make their choices.
Nobel Laureate Joseph Stiglitz: Australia ‘seems foolish’ not to properly tax gas giants
Nobel Prize-winning economist Professor Joseph Stiglitz has advised Australia to “auction off your resources for the highest value. Get the highest value from whoever can extract your resources.”
Let’s talk about tax, baby: How economic reform can change the world
It may be fifty shades of boring to most of us, but by all rights tax reform should be the water-cooler topic du jour. Despite the many damning reports about our ongoing cost-of-living crisis, Oxfam found that in Australia, billionaires have increased their wealth by 70.5% or $120 billion since 2020.
