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Federal Treasury secretary Martin Parkinson has called on the Government to increase the GST. In isolation this would hurt the poor and benefit the rich. But it could help the common good if it is part of a tax reform package that cuts tax avoidance strategies for high income earners, including superannuation concessions, negative gearing and trusts.
The international movement to divest from investment in fossil fuels is gathering momentum. Investors are starting to realise that as governments act to restrain fossil fuel consumption, fossil fuel companies will find their assets being written down. This is particularly pertinent to Australia, the second largest coal exporter. And it raises questions for Australian religious bodies about the prudent and moral use of their resources.
The budget problems are not caused by Newstart or disability pensions, which have been declining as a proportion of economic activity. Had the Howard Government not been so generous with its tax cuts to upper and middle income groups, there would today be no budget deficit.
Dr Maurice Newman, chairman of the Prime Minister's Business Advisory Council, last week cautioned the Government against listening to certain interests at the expense of the common good. His criticism of the former Government as 'reckless' for establishing and funding the National Disability Insurance Scheme reveals an upsetting indifference and a lack of awareness of the benefits of such a scheme both to individuals and to society as a whole.
While any man's death diminishes me because I am involved in mankind', I must admit to pouring a glass of good malt at the news of Thatcher's passing. The Southern English may laud her as the greatest prime minister after Churchill but for us Scots she was a hate figure who in the last days of her premiership scarcely dared to cross the border for fear of being assassinated.
What if citizens were given the chance to fill out a preference form online as part of their own personal, digital tax portal? You could choose to pick 'below the line' and individually choose what your tax money can and can't be spent on. For example you might like to spend on funding public schools, the bullet train, hospital supplies and museums, and not to spend on nuclear power plants, weapons development, or the automotive industry subsidy.
From a liberal perspective the use of public money to fund free legal services to individuals is inherently undesirable. Even if the contracts are awarded under competitive tendering, the funding of the services is a distortion in the market. Ideally they should be left to the market to provide. And by definition they are less efficient than commercial organisations disciplined by a free and competitive market.
Whenever public funds are made available for frowned upon projects they are described as taxpayers' money. When I hear the phrase roll from critics' lips, I imagine taxpayers as prune faced and laser lipped, or like children watching with beady eyes as their mother cuts the cake, ready to howl if their slice of the cake is the smaller half by a crumb or two. Underneath the phrase usually lies a view of life in which the market is a sacred site.
Some miners must be wondering whether they took the right course in opposing the Rudd Government's Resources Super Profits Tax, in which taxes would be levied on the profitability of the enterprise rather than royalties. Higher state mining royalties, lower commodity prices and higher costs will put the squeeze on the mining companies. It will be quite delicious to see them then urging a tax based on profits/losses rather than royalties.
Being born in Australia is a huge advantage. And having parents with money, a good education and connections always helps. Some of us have an advantage before we've even started school. But like the players in American psychologist Paul Piff's 'rigged Monopoly' experiments, those of us who do well tend to think we've earned our good fortune through hard work, talent and creativity.
It is hard to imagine that those living in disadvantaged communities would find great personal interest in the things that matter at election time. Interest rates and mortgages, rates of company tax and paid maternity leave are issues for the advantaged. They are problems of managing income that those without it might like to have.
109-120 out of 200 results.