Jake Hall-Evans

Proud to live in the Western Suburbs, proud father and husband. Views are my own.

[Jake Hall-Evans @hallevansjake]

@MickAtko @MLCGame I'll focus on the issues facing the electorate as people get annoyed about the politics of politics. Take care @MickAtko and happy campaigning! I hope it's clean and positive 👍

[Jake Hall-Evans @hallevansjake]

@MickAtko @MLCGame Went to Grange School, first job at Macca's Fulham, family living in Fulham, West Beach and Lockleys, in the electorate constantly.
Independent because I will always put people before a party and parties struggle with that. Look forward to seeing how the other independent go👍

[Jake Hall-Evans @hallevansjake]

This was always going to be a transition risk between generations. How could policy markets not realise and provision for this?

[Jake Hall-Evans @hallevansjake]

@aaronsmith Good god 🙄

[David Pocock @DavidPocock]

The CSIRO, the agency that gave the world Wi-Fi, among other world-leading research, has never been more important to Australia’s future.

Successive governments have failed to invest.

We need to turn that around and value the science and scientists that are key to our future.

https://t.co/XGRVwc6hXt

[Adelaide Emergency Departments @AdlEmergStatus]

Current Patients waiting for Beds in our Hospitals are:
RAH - 42 wait for bed
FMC - 19 wait for bed
TQEH - 17 wait for bed

@PictonChris
@ANMFSA
@SA_Ambulance
@acemonline
@sasmoa4doctors

[Quentin Dempster @QuentinDempster]

⁦@AlboMP⁩’s personal attack on ⁦former senator @MrRexPatrick⁩ who dared to expose Commonwealth FOI as a joke is distressing/revealing. Transparency should be at the heart of orderly democratic government = public trust. Seems our PM is suffering first signs of hubris.

[Adelaide Emergency Departments @AdlEmergStatus]

EDs are critically overcrowded (Over >125% capacity):
Royal Adelaide 141%
Flinders 135%
Queen Elizabeth 132%
Lyell McEwin 132%

@PictonChris
@ANMFSA
@SA_Ambulance
@acemonline
@sasmoa4doctors

[Adelaide Emergency Departments @AdlEmergStatus]

EDs are critically overcrowded (Over >125% capacity):
Noarlunga 181%
Lyell McEwin 151%
Royal Adelaide 149%
Modbury 144%
Queen Elizabeth 143%
Flinders 130%

@PictonChris
@ANMFSA
@SA_Ambulance
@acemonline
@sasmoa4doctors

[Chris Richardson @ChrisEconomist]

DUM, DUM de DUMB ...

Sydney's median price across both houses and apartments rose by $10,000 last month.

(OK, it was $9,900.)

If it maintains that pace, then median housing prices will rise by $120,000 in the coming year.

How many young people do you know who will be able to save more than $120,000 - after tax - in the coming year?

So if you were to nominate the policy that you'd LEAST want to see coming into operation today, it'd be the one that lets new homebuyers buy on a 5% deposit ...

To repeat the obvious, Australia doesn't have a lack of money chasing housing. We have a lack of housing.

The policy coming into operation today will make the owners of housing about $60bn wealthier.

What it will have the exact opposite of doing is making housing more affordable.

I'm writing an article for the weekend on why governments regularly choose 'feel good' policy over actually good policy.

Sadly, all governments do it ...

[Chris Richardson @ChrisEconomist]

IT’S TIME FOR INDEXATION

Yesterday I recommended a minimalist reform to personal tax – doing what we do now, but with fewer moving parts.

But we can do better than merely reducing complexity: we can index personal tax thresholds.

In brief, there’s a trade-off: switching to indexation reduces flexibility for politicians, but it would improve the trust that our systems increasingly lack.

And that’s a trade-off I’d happily make.

Our default is faulty. Shortfalls in money collected from the failing parts of our tax system (cigarettes, gas, banks etc) get made up over time by bracket creep – by higher taxes on workers.

That means the existing bias in the tax system against workers and the young is on a ‘set and forget’ course to worsen over time.

Why should we index? The average personal tax rate rises relative rapidly over time as wage increases push people into higher tax brackets.

Governments love that, because it allows them to announce relatively regular tax cuts:

· Yet those aren’t really cuts at all – they’re just handing you back what inflation took away.

· Even better for the politicians, they get to choose when they hand that money back. Unsurprisingly, their generosity tends to be on show when there’s an election coming.

· That’s why politicians love the existing system: they get to pretend to be generous when they’re merely handing money back that inflation stole from families, and they get to time that to maximise their electoral chances.

· Even better, at any given moment the lack of indexation means that official forecasts always show the budget balance improving over the long haul. That allows the pollies to point to that and pretend that they’re being responsible.

But there’s a growing problem: the punters are increasingly losing faith in the system. And that failing faith risks being increasingly costly over time.

So it’s time.

I’d be happy to switch to indexing the personal tax thresholds by a set 2.5% a year, and doing the same for some government payments too

That idea isn’t mine: it’s been proposed by Luci Ellis of Westpac (ex-RBA). It would:

· Help restore trust in the system.

· Remove the ability of governments to pretend that they have budget repair under control.

· Remove the flexibility of the government of the day to time tax cuts around elections.

Are there good reasons not to do it? You’ll hear some people say that “it would cost a fortune”. But that’s only true if governments didn’t regularly hand back the money anyway. So that’s not an apples-with-apples comparison.

(Besides, shifting to indexation doesn’t completely stop the average rate of personal tax drifting up. That’s because, over time, wages grow faster than prices.)

Yet there is an argument against indexation that I do think has merit: you take away some of the ability of governments to bribe their way to reforming the tax system (as, for example, happened when the GST was introduced).

Yet that last argument isn’t enough to change my mind. The big point is that our failing trust in governments of all stripes means we should be actively rebuilding that trust. Indexing the personal tax system would be a good way to start that journey …

[ABC News @abcnews]

Homelessness has risen to the "worst levels in living memory" in the first term of the Albanese government, advocacy groups warn, as the government grapples with advice that housing targets will not be met. https://t.co/EGmU3AUWYX

[Rex Patrick @MrRexPatrick]

The concerning side story to this news piece is that taxpayer funded Treasury advice on important economic issues is being withheld from the public. Secrecy isn’t necessary to manage the economy. It’s a cynical tool used to manage the politics. #auspol https://t.co/SZrCT0OxhT

[Jet Ski Bandit @fulovitboss]

Game over 🏡

Boomers had it easy and fooked it for everyone. Good one guys.

[Rex Patrick @MrRexPatrick]

Electricity prices have risen today. Why? Gas sets the electricity price and the Government has put the gas cartel’s wants ahead of Aussie consumer and business needs. It’s OUR gas. #auspol

[Doug Cameron @DougCameron51]

This is embarrassing. Richard Marles making no sense as he avoids serious questions. The public have a right to know and understand the implications of the AUKUS debacle for peace, economic and social stability and our sovereignty.
#7.30

[Rex Patrick @MrRexPatrick]

Only two people seem oblivious to the serious risks #AUKUS poses our Treasury and national security - @AlboMP and @RichardMarlesMP. #auspol https://t.co/Nup9wCdGeH

[Malcolm Turnbull @TurnbullMalcolm]

“If the US Navy is already short of SSNs and its industry is producing too few to replace retirements, let alone increase the fleet numbers, how could any president, no matter how well disposed to Australia, part with any of them even to an ally like Australia?” Turnbull told the FT.

“But any plan B will need time to put in place. If Australia waits until 2032 to get the bad news that America cannot spare any Virginias, there will be no time left to do anything except wallow in self-pity,” he said.

“Elbridge Colby needs to be at his clear-eyed best and tell the Australians what they need to know, not what they want to hear,” Turnbull added.

[Doug Cameron @DougCameron51]

It is a national disgrace that Labor’s decision to support the AUKUS debacle was made in 24 hours without critical analysis or forethought. Describing those who raise concerns as “appeasers” adds to the stupidity. We need our own independent review now!
https://t.co/YAXxYod663