Anthony Wolfenden
Anthony Wolfenden and Intertek Pty Ltd | ABN 95 001 076 697 are Authorised Representatives (1242381/
The Australia Institute's research shows the Australian Government collects more money from HECS than it does from the Petroleum Resource Rent Tax.
Whaaat? I thought we lived off primary industry.... No primary industry (miners) lives off us. The big miners do not pay tax ( anything resembling a fair share) and ship our resources offshore and we pay high energy prices and students carry the bigger tax load.
We are not the lucky country, we are the dumb country.
Be smart. Contact your member and tell them what you think.
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The Australia Institute is an independent Canberra-based think-tank established in 1994. Authorised0 CommentsComment on Facebook
Australian household debt is around 3.6 Trillion AUD. The RBA cash rate is 4.35%. Low mortgage rates are around 6.2%. The difference 1.85%
Government Policy of allowing bank (cash +) rates to control inflation has the side effect of passing at least $66 Billion to bank balance sheets every 12 months. Credit card rates are a lot higher so this number is a vast under estimate.
Think about that…. Average Australians struggle with cost of living crisis while Bankers are making unbelievable amounts of wealth that is not injected back into the economy.
Why is this not covered by the press?
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Hmm, Rupert Murdock..... Ohhh. I get it.
Who owns the Press ?…
US Fed and RBA have rates on hold. Why stop making money for the banks when you have the chance. Australian inflation is on hold (3.4%) largely due to the increased cost of housing.
Lets see how that works....
1. RBA increases cash rate to compact inflation.
2. Cash rates push up loan interest
3. Loan interest increases loan costs by massive amounts
4. Landlords increase rents to cover their costs
5. Inflation stays “sticky”
6. RBA does not drop rates compounding rather than helping the problem.
All the while moving government welfare and individual personal wealth to the banks bottom line and shareholder wealth. Daylight robbery masquerading as government policy and we all buy it (expensively). Silly us.
www.betashares.com.au
Global stocks consolidate in the face of solid US economic growth. RBA minutes and US payrolls will be key highlights this week.0 CommentsComment on Facebook
'Why should the amount of tax paid by a cereal company or an aged care manager depend on the religious beliefs of their board?’ - what a great question…the obvious answer is… it should not.
Calls renew for Australia’s corporate religious institutions to pay ‘fair share’ of tax
flip.it
'Why should the amount of tax paid by a cereal company or an aged care manager depend on the religious beliefs of their board?'The post Calls renew for Australia’s corporate religious institutions t...0 CommentsComment on Facebook
Duttons plan is at least 10-15 years in the making. By the time power comes online it will be the most expensive way of generating electricity available. Australia has some of the largest renewable energy resources in the planet and they are available now. We need bipartisan leadership not divisive b_|£#!t from the coalition.
apple.news
The federal opposition leader’s calls to include nuclear power in Australia’s energy mix has so far failed to win support from his state colleagues0 CommentsComment on Facebook