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Articles on middle class welfare

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Maybe not, if you work on Wall Street. Reuters

Is the American Dream dead?

Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it’s not already gone.
Cuts in social spending should be carefully analysed to assess their impact on income disparities. AAP/Tim Cole

‘Robin Hood’ and ‘piggy bank’: what the welfare state does for us

As a tough federal budget round looms, there has been suggestions that the pension eligibility age could rise to 70, indexation of pensions could be changed, Family Tax Benefit Part B could be more tightly…
No more Baby Bonus: Labor has further tightened family payments to rein in expenditure, but the danger is low-income families will feel it most. AAP

Middle class welfare – are we hitting the target?

When it comes to welfare spending in the budget, the federal government has given with one hand and taken with another. Funding for support of disability services (NDIS) and schools the (Gonski reforms…
Looming cuts to expenditure and probable tax increases mean there will inevitably be winners and losers. But just how should these be chosen? Image sourced from

ALP’s real budget balancing act is picking the winners and losers

The government is facing two options to tackle its budget deficit: significant cuts in government expenditures or increasing taxes to close the gap with spending. Prime Minister Julia Gillard has already…
The Prime Minister is selling the Schoolkids Bonus as extra help for families, but is it good policy? AAP Image/Penny Bradfield

Assessing the Schoolkids Bonus: Good policy or just a ‘cash splash’?

The 2012 federal budget has been described as “a big taxing, big spending budget” with a big focus on welfare. The first spending measure to be legislated and to come into effect is the new Schoolkids…
Family not forgotten: Tony Abbott is congratulated following his budget reply.

Middle class welfare: terrific politics, but terrible economics

“We are animated by but one desire — to do that which is best for Australia, and fair, just, and equitable to all the states, and to all classes and sections of our community.” This quote comes from the…

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