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The Australian taxpayer is businesses’ best friend.
We have already witnessed company profits soar during the pandemic courtesy of JobKeeper, while workers’ wages and salaries tanked:
Senior executives of Australia’s largest companies also secured massive bonuses after claiming JobKeeper subsidies:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.