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This is illustrative from the AFR:
Interest rates must rise higher to conquer inflation and Australia needs a more ambitious growth plan to pay for the mounting cost of the clean energy transition and national security amid a volatile geopolitical world, business leaders have warned.
…Australia should expand the economic pie by making the tax system more growth-friendly by reducing the high reliance on company and personal tax and switching to broader-based taxes, Organisation for Economic Co-operation and Development secretary general Mathias Cormann and BHP chief executive Mike Henry told The Australian Financial Review Business Summit.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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