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Australian budget
Legalising cannabis would pack millions into budget cone
The Penington Institute’s CEO, John Ryan, says cannabis has become an integral part of the criminal economy, and he contends that the drug is a health problem rather than a law and order problem.
Leith van Onselen
3 days ago
17
Why is Australia still protecting the car industry?
Leith van Onselen
5 days ago
19
Tax agreements erode Australia’s sovereignty
In January, The AFR reported that plans to triple foreign investment fees for purchases of established homes and to double the vacancy fee for homes that overseas investors own could breach double-taxation agreements with eight countries, including India.
Leith van Onselen
17 days ago
5
Victoria builds world’s most expensive ghost train
Since the day that former Victorian Premier Daniel Andrews made the “captain’s call” to announce the Suburban Rail Loop (SRL) project, it has never stacked up economically or socially.
Leith van Onselen
19 days ago
3
Australia’s tax system is fundamentally broken
Shane Wright has given us another warning of the tax iceberg in the water dead ahead. At the end of the day, the simple question is: What do we (as in our governments) do?
Sir Fomo McSpruikerson
27 days ago
15
NDIS turns shell game for the rich
Leith van Onselen
30 days ago
11
Australian workers buried by bracket creep
In March, the Centre for Independent Studies (CIS) released research showing that bracket creep will quickly eat away at the upcoming Stage 3 tax cuts.
Leith van Onselen
1 month ago
8
Welcome to the decade of deficits
Leith van Onselen
1 month ago
1
Income splitting is a nice idea, but economically reckless
With the Coalition hoping to win back women voters at the next election, deputy Nationals leader Perin Davey says the idea of income splitting between partners has merit.
Leith van Onselen
1 month ago
36
Australia’s state governments drown in debt
Justin Fabo at Antipodean Macro has done a great job illustrating the deterioration in NSW’s budget outlook following Tuesday’s State Budget: As shown above, NSW’s general government operating balances are now expected to be in deficit over the forward estimates to 2027-28.
Leith van Onselen
1 month ago
2
Broke Victoria funnels money into infrastructure black holes
Victoria is easily the nation’s most indebted state with the lowest credit rating.
Leith van Onselen
1 month ago
6
Axe falls on the ‘cult of consultants’
A Senate inquiry has demanded a slew of new regulations governing the federal government’s use of consultants.
Leith van Onselen
1 month ago
4
The modelling lies behind Big Australia immigration
The 2021 Intergenerational Report (IGR) contained the following fantastical chart showing that each primary skilled migrant delivers $319,000 in net benefits to the Australian government, whereas every other permanent visa class (comprising more than 60% of the intake) costs the government money on average: There were some important caveats to this analysis.
Leith van Onselen
1 month ago
13
Queensland Budget deploys burnout economics
Independent economist Tarric Brooker coined the term “burnout economics” to describe the situation where the RBA’s efforts to slow the economy via interest rates are undone by governments pumping demand via fiscal stimulus.
Leith van Onselen
2 months ago
3
Ed Husic’s corporate tax cut call is dangerous policy
Labor’s Industry Minister, Ed Husic, told The Australian Financial Review AI Summit that Australia needed lower company taxes to help businesses free up capital and drive investment in AI technologies.
Leith van Onselen
2 months ago
15
Baby boomer spending shows why GST must be lifted
Leith van Onselen
2 months ago
25
Federal budget band aids over policy failures
I was interviewed by Bill MacDonald on Brisbane Radio 4BC for my take on the federal budget.
Leith van Onselen
2 months ago
1
Federal budget rejects extra Victorian Suburban Rail Loop funding
Victorian Premier, Jacinta Allan, stupidly chose to sign the contract to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the clear advice of infrastructure experts, who wanted the project axed.
Leith van Onselen
2 months ago
9
The federal budget and the economy
Leith van Onselen
2 months ago
1
Broke Victoria demands more bailouts from federal government
Leith van Onselen
2 months ago
6
Australians on the hook for Victoria’s budget waste
The Australian’s Judith Sloan has backed former Australian Treasury official Stephen Anthony’s prediction that Victoria now may require a bailout from the federal government.
Leith van Onselen
3 months ago
10
Autralian dollar sags as bullhawks shot down
David Llewellyn-Smith
3 months ago
Pauper Victoria goes cap in hand to federal government
Economist Saul Eslake contends that Victoria has become overly reliant on population growth and housing as a source of economic growth, resulting in it becoming by many metrics a poor state.
Leith van Onselen
3 months ago
14
Immigration plunges states deep into debt
Leith van Onselen
3 months ago
8
Federal Budget to make HECS fairer
Education Minister Jason Clare has announced that, as part of the upcoming budget, part of the student debt of people with Higher Education Loan Program (HELP) accounts, better known as HECS, will be forgiven.
Leith van Onselen
3 months ago
8
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