With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
Oxfam’s efforts to find solutions to the world’s inequalities are welcome but its wrongful use of “human economy” and repackaging it as a concept from high up might do more harm than good.
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
Total government spending has increased over time. But the pressure on the budget under a Turnbull government is more acute now than ever before, because spending is outpacing revenue.
The political legacy of Abbott’s broken promises contributed to Malcolm Turnbull’s near-death experience at last July’s federal election. ThisTurnbull government budget will be largely about burying the legacy of its predecessor.
Videos of a United passenger being involuntarily dragged off a plane went viral, creating a PR disaster for the company – one that could have easily been avoided.
The Economics Society of Australia (ESA) Monash Forum polled economists on whether capital gains tax deductions for housing investment should be removed.