Comment

Ross Gittins

Ross Gittins is economics editor of the SMH and an economic columnist for The Age. His books include Gittins' Guide to Economics, Gittinomics and The Happy Economist.

<P>

Coughing up for the greater good of all

Let me tell you something neither side of politics will: we'll be paying a lot higher taxes over the next decade than we are today. And don't think you could have up to 10 years before that prediction comes to pass – it's already started.

<i>Illustration: Kerrie Leishman</i>

We're paying a high social price for material success

While there's been much worry of late that the economy isn't growing fast enough to get unemployment down, it remains true that our economic performance since the global financial crisis has been the envy of most other rich countries.

<i>Illustration: Glen Le Lievre</i>

More work around it seems but less well-being

Anyone who's sure they know what's happening in the economy is either a liar or a fool. Last week the Bureau of Statistics' national accounts told us things weren't too flash in the economy up to the end of March. This week its employment figures told us things were looking quite a bit brighter in the labour market up to the end of May.

Graspers, beggars, begging, handouts, cash, coins

We've become a nation of graspers

Did you see an older bloke with a goatee beard ask Joe Hockey a question about the budget's changes to the assets test for the age pension on the ABC's Q&A; program a few weeks back? He was Dante Crisante, a retired chemist, according to a subsequent interview he did with the Financial Review.