Keywords: Super
There are more than 200 results, only the first 200 are displayed here.
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AUSTRALIA
- Michael Mullins
- 01 September 2014
26 Comments
Prime minister Tony Abbott told an industry gathering in May that ’it’s particularly important that we do not demonise the coal industry’. Pope Francis is likely to do just that when he releases his new encyclical on humanity’s role in caring for the earth.
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MARGARET DOOLEY AWARD
- Harry Maher
- 20 August 2014
14 Comments
Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.
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ECONOMICS
- David James
- 13 August 2014
1 Comment
In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).
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RELIGION
- Peter Vardy
- 01 August 2014
27 Comments
At the least, religious philosophers and theologians should further engage with the challenge to traditional ethics that Peter Singer's position provides. Singer puts forward a powerful case and it is one which, in the current climate where people seek happiness and quality of life above everything else, will find increasing support particularly with the difficulty of funding medical care for those who are old or disabled.
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AUSTRALIA
- Michael Mullins
- 21 July 2014
8 Comments
The Coalition glorifies business entrepreneurship, which is promoted as a good that trumps social inclusion. It is paradoxical that there is more appetite for social entrepreneurship in the USA, which is known as the land of the self made man. The explanation is that investing in social capital ultimately makes good business sense.
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ECONOMICS
As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.
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ECONOMICS
- Brian Toohey
- 11 June 2014
15 Comments
The superannuation industry inhabits a cosseted world in which the money pours in thanks to a combination of government compulsion and tax concessions. The foundations of this empire are criticised for how the tax concessions create an expensive form of upper class welfare, and for the harmful effect of compulsory super's artificial expansion of the finance sector. The Abbott Government shows scant concern about either aspect.
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EDUCATION
An unregulated fee regime will result in an increase in course costs and will mean substantially larger debts for students after their periods of study. The prestigious Group of Eight institutions can be expected to exploit their reputational positions to charge top dollar. How does a 17-year-old decide whether selecting the degree from the prestige university over the same course at a newer institution justifies an extra decade of debt?
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ARTS AND CULTURE
- Barry Gittins and Jen Vuk
- 16 May 2014
2 Comments
Fraser was a ruthless, conservative political animal who today is one of our most prominent human rights champions. The elder statesman is quite the angry young man in print. He delights in telegraphing his haymakers and following through with a well-placed elbow or two. Put bluntly, Fraser suggests we need to shed our lackey status. 'We need the United States for defence,' he argues, 'but we only need defence because of the United States.'
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ECONOMICS
The 2014 Federal Budget has created a new hierarchy of virtue in Australian society, with well off investors deemed to be good and the disadvantaged bad. It is not so much class war as a war between capital and the rest of society. Those wielding significant capital are useful, while those who can save little, and have little to invest, are considered a burden.
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AUSTRALIA
Scott Morrison has announced the formation of a powerful new paramilitary force with its own ideology, training and rank structure, answerable only to an immigration minister. There is a disturbing comparison that may be drawn between this new agency, apparently with no legal or constitutional checks and balances outside itself, and the Schutzstaffel security service established by Hitler and answerable only to him as leader.
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ECONOMICS
In politics, one should never opt for a balanced and thoughtful description of the truth when wild exaggerations will do. Especially when you want to take from the poor and give to, if not exactly the rich, at least the investor class. The dire pronouncements from the Abbott Government in response to the Commission of Audit's 86 recommendations reflect not only the PM's relentless negativity, but also more than a whiff of class war.
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