Economists: Labor wrong to question JobKeeper waste

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Two economists, Richard Holden and Steven Hamilton, have launched a stinging attack on Labor for lambasting the Morrison Government for giving billions of taxpayer dollars to companies whose profits rose without the requirement they pay it back:

The public discussion has devolved into a populist riot desperate to expose which recipient experienced rising revenue after the fact, which paid executive bonuses, which paid foreign dividends, and so on. Sadly, these flames have been fanned gleefully by Labor, which found the short-term political opportunity too good to resist…

JobKeeper presented an opportunity for Labor to transform our politics. Instead, it chose instant gratification…

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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.