Of all the nations in an analysis by The Economist, Australia directly employs a larger proportion directly through the public sector than any other nation assessed.
The major parties’ stated position of wanting house prices to ‘rise sustainably’
Sounds rather silly when you consider the starting point - Sydney has a house price to income ratio of ~ 13.8x
Any responsible govt would be working to normalise these house price to income ratios
The problem is we have our politicians acting like a set of Macquarie Bank execs trying to hit their next KPIs
- low unemployment (driven by NDIS / non market jobs)
- GDP up (high immigration)
- CPI back down (helped by artificial subsidies)
Meanwhile society is falling apart
There is a core message from both the major parties in this campaign.
Things are broken and you just have to deal with it, because if we change the things we very deliberately broke in the first place (housing, migration system etc), things might temporarily get worse.
Just an FYI, you shouldn’t eat your body weight in grams of protein daily! The average person only needs 45-55 grams—around two servings of tofu 🌱 There’s no need to fall for an unneeded, protein-obsessed fad diet trend 🙄
For a lot of Australians what they want to feel on election day is hope.
Hope that somehow things will work out and their lot in life will improve.
Neither side is even in the same galaxy as providing that hope, so here we are with two options often defined as bad and worse.
"Regardless of which party wins the upcoming federal election, a match will be lit under Australian house prices."
Pick your poison.
https://t.co/HyMumZj4vr
'Young people deserve more bravery than this'
"The budget’s centrepiece is a change to the lowest tax rate. But for young people crushed between higher home prices and bracket creep, the tweak is cold comfort" https://t.co/xCgoHgRN5Q
“The government is stealing a $10 note from you and throwing back a $2 coin. Then doing that 2500 times over.”
The budget papers claim: “These new tax cuts are modest but will ... return bracket creep.” But do they?
Actually, no. A worker on $100,000 a year will get a $268 tax cut in the 2026-27 fiscal year and $536 each year after that. So $5,000 over a decade.
But the same worker will be hit by $25,000 in increased taxes from bracket creep over that decade.
The government is stealing a $10 note from you and throwing back a $2 coin. Then doing that 2500 times over.
Whatever happened to “earn more and keep more of what you earn”?
Thanks @JEChalmers
When you add 1 million people to a population of 27 million, it has no effect on rent or house prices.
That is actually the line they are running with.
"Our data did not directly explain why international students didn't cause the rental crisis"
"The findings are supported by a report from the Property Council of Australia"