Coalition lauds virtuous JobKeeper waste

Advertisement

The AFR’s Joe Aston has continued his full fledged assault against the Morrison Government’s JobKeeper waste, which saw more than 150,000 companies that weren’t in trouble – many of them actually thriving – receive $13 billion worth of subsidies from taxpayers.

On 12 September, Aston highlighted Treasurer Josh Frydenberg’s hypocrisy and contradictions in defending these ‘overpayments’ in a 1400-word opinion piece in The Australian:

“New Treasury analysis has found that in the June [2020] quarter … the actual median decline in turnover for JobKeeper recipients was 28 per cent,” he wrote…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.