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2% of GDP was what Labor & Dutton’s Coalition committed to spending ANNUALLY on defence That amounts to $45,600,000,000 in 2024 (rising as GDP grows) Dutton’s coalition has now promised to lift that to 3% over the next decade That’s an EXTRA $25,000,000,000/YEAR During peace?
I've had a look, but can't find a time when a Coalition govt delivered, simultaneously, 4% unemployment, with 2.5% inflation, 3.5% wages growth, a record high on the ASX & consecutive budget surpluses - as we have now. This is using a data base that goes back to the late 1960s.
When the track records and respective economic policies of Labor and the Coalition are compared, there is no doubt that Labor offers the better prospect of successfully bringing inflation down and reducing the cost of living. #auspol johnmenadue.com/which-party-is…
All Lives are Equal. Freedom is a Human right. I'm raising my voice for human rights. For a humanitarian appeal. If you see it any other way. That's on you...
A simple way to test the logic of the Voice: Reverse it. If white Australians were in the minority. Had the highest incarceration rate. Were dying in custody. Died younger. Serious poverty etc. And you ask if “could we at least advise on matters affecting us?” This isn’t hard.
A Budget shaped by empathy. It’s been decades since we have seen this. No. It does not fix everything but it places the Labor government firmly into the corner of caring and trying to help. That’s all voters want. They don’t expect miracles but they do want and demand empathy.…
How out of touch is Peter Dutton and all those commentators decrying people with over $3mil in super paying their fair share of tax? People are struggling to pay rent, mortgages and groceries, yet all their focus is on the few who have none of these concerns.
Treasury has released information on who wins and who misses out on some enormous tax concessions, including capital gains, super, and negative gearing. Let's look at who is getting the benefit from 6 legal tax loopholes. Thread 🧵 (Hint: 💰💰) #auspol
23/24FY Retiree couple $3m super say $150k income 0 tax paid + health care card + possible excess Franking Credits. Working age couple w kids $150k incomes ~$33k tax no $ benefits + considerably greater GST
Katharine Murphy: "If we can’t agree that generous super tax concessions provide disproportionate benefits to people who really don’t need help, while depriving the budget of funds for services that we all need and value, then things are really cooked." #TheGuardian
Adam Smith: “In reality, high profits tend much more to raise the price of work than high wages." Also Adam Smith:
“You’ve got to say @sallymcmanus has a pretty good point here when you look at the figures” @David_Speers talking about our research on the Profit-Price Spiral and why Phil Lowe is wrong to talk about a so-called “wage-price” spiral
Costello and Murdoch media keep ignoring Labor's huge achievements. Here's a better summary of 2022: capturedstates.substack.com/p/six
CEO pay UP 40% Profits UP 26% But workers are getting less than 1%.
So, just looking at the countries which most wholeheartedly embraced Thatcherism & Reaganomics, otherwise known as neo-liberalism, can we agree it’s been, not just an abject failure, but an actual existential disaster? Can we change course? Like, immediately?
I just farted so long and so hard my voice recognition software just wrote a Courier Mail column
I think Penny Wong has Adam perfectly pegged.
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