Why the bank levy is a good idea, not just a populist tax grab
Despite predictable outrage, the proposed $1.5 billion a year tax on banks is clever policy.
Jessica Irvine is a senior economics writer for Fairfax Media.
Despite predictable outrage, the proposed $1.5 billion a year tax on banks is clever policy.
It's not free education and tax-free property windfalls, but new scheme is worth considering.
The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into "good" and "bad" debt.
State and federal governments are promising action to make property more affordable for first-home buyers. But what would be the best policies?
Believe me, no one is keener than me to see it burst. But sadly, for would-be buyers, I just don't see it happening.
The federal budget has a multibillion-dollar hole in it because successive governments have failed to account for how declining home ownership will force more future retirees onto the aged pension.
It's the economic debate that just won't die, even when it's dead, buried and cremated.
Australia's starkly sex-segregated workforce will remain that way for at least another decade, as young men and women defy expectations and increasingly self-select into traditionally gendered fields of study.
Australia is on the cusp of achieving something truly remarkable – not to mention unprecedented in modern world history. It will be worth celebrating.
For too long, renters have been left out of the national conversation about housing affordability. It's time to speak up.
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