http://www.treasury.gov.au/Publicat...onomic-Roundup/Income-inequality-in-Australia
Of course it goes on to say that when you include capital, income inequality saw modest growth, but still.
That's pretty interesting, thanks.
http://www.treasury.gov.au/Publicat...onomic-Roundup/Income-inequality-in-Australia
Of course it goes on to say that when you include capital, income inequality saw modest growth, but still.
I mean, so was GWB. And Reagan really.
So a cut to the corporate tax rate and those earning over $80, the average wage, and nothing for those under. Bold plan to win an election, trickle down on everyone.
Also average wage is a very poor measure as it is massively skewed by high income earners, median wage is much better and is high 40s low 50s last time I saw.
I mean, so was GWB. And Reagan really.
Sure, but not in the realm of middle class welfare.
$59576.40 as of last year (trend was ~$5.20 lower). That's skewed a bit high since it's only for people deemed employees , so actual median income is lower (since the number of people with 0 or taxed benefits income (which are usually based on delusional costs of living of around $26000 per adult per annum) are much larger than the independently wealthy).
Seems a little higher than the number I read a while back, but as you say that one might have included those on $0 taxable income and those liberated to pursue other opportunities.
Mouth agape level cartoon from Cath Wilcox. Every bit as good as Pope's in the wake of the Charlie Hebdo shootings.
lmao one of the instant twitter reacts comments I saw was "aren't cartoons supposed to be funny? Where's the laughs?"
they got dogpiled immediately but it was such an absurd question I had to pause for a second
I wonder how it makes most people feel when they misunderstand 'average taxable income' is 80k. Even separate from the fact that taxable income is lowered for many rich with various schemes (negative gearing property is just one), plus family trusts etc, using yours/spouse's super funds to reduce taxable income while still spending it etc.
I mean, 80% of full time workers are on less than 80k. I'd assume basically all part time workers are on less than 80k.
How does it feel when you're at the peak of your career as office manager/shift supervisor/whatever and you hear that the 'average person' is on 1.5x you?
Having worked with lots of employment data, I've seen the job market is a total mess of distribution anyway. People working for government of all levels are paid far more than their equivalent non-government (some council receptionists will be on 80k), and in my experience they have no idea it's abnormally high pay for what they do.
Then so many people work below minimum wage and have no idea it's illegal. Bosses look up 'minimum wage' and pay that (or an out of date version of it), but that's the full time rate, casual needs to be 25%+ more. And in many industries the awards call for higher than national minimum wages, so even NMW for full time is illegal. We just simply do not enforce our laws, unless Four Corners notices.
I am just not sure what to say anymore. But I am quite sad.
http://www.nauru-news.com/#!Stateme...selfharm-injury/cjds/57271d4c0cf228cf6d4f86ca
I wonder how it makes most people feel when they misunderstand 'average taxable income' is 80k. Even separate from the fact that taxable income is lowered for many rich with various schemes (negative gearing property is just one), plus family trusts etc, using yours/spouse's super funds to reduce taxable income while still spending it etc.
I mean, 80% of full time workers are on less than 80k. I'd assume basically all part time workers are on less than 80k.
How does it feel when you're at the peak of your career as office manager/shift supervisor/whatever and you hear that the 'average person' is on 1.5x you?
Having worked with lots of employment data, I've seen the job market is a total mess of distribution anyway. People working for government of all levels are paid far more than their equivalent non-government (some council receptionists will be on 80k), and in my experience they have no idea it's abnormally high pay for what they do.
Then so many people work below minimum wage and have no idea it's illegal. Bosses look up 'minimum wage' and pay that (or an out of date version of it), but that's the full time rate, casual needs to be 25%+ more. And in many industries the awards call for higher than national minimum wages, so even NMW for full time is illegal. We just simply do not enforce our laws, unless Four Corners notices.
I read this when you posted it but only just had the chance to reply:
There's this weird view of Howard (and it's very much present in this article) where he gets attacked for being an ultra-conservative right winger while at the same time blasted for his generous welfare packages for the middle class. It's a weird dichotomy and makes the comparisons to US style neocons ring a bit hollow, considering the huge amount of wealth taken out of the US middle class over the last 30 years. That hasn't happened here.
I also don't particularly agree that his economic reforms were radically free market as posited in the article. Practically every social democracy in the world has a consumption tax. Obviously the big stuff ups were the capital gains discount, superannuation tax concessions and negative gearing. No argument there. But to me, radical free market economic reforms would result in a fairly significant rise in income inequality. But the numbers don't really show that.
He could be sneaky, but was lucky as fuck economically.Howard was an incredibly odd duck. There are things I will happily applaud the guy for, but he was also an extremely bad influence on the political climate. He was a shrewd political operator at times, but a lot of his successes were due to luck and bribing the electorate with middle-class welfare. If either Tampa, 9/11 and Mark Latham's self-destruction hadn't occurred when they did, he would've been booted out of office long before his ill-fated venture with Workchoices.
Howard was an incredibly odd duck. There are things I will happily applaud the guy for, but he was also an extremely bad influence on the political climate. He was a shrewd political operator at times, but a lot of his successes were due to luck and bribing the electorate with middle-class welfare. If either Tampa, 9/11 and Mark Latham's self-destruction hadn't occurred when they did, he would've been booted out of office long before his ill-fated venture with Workchoices.
Edit: Morgan polls with 51-49 with Labor in the lead. Turnbull and Morrison better hope that budget pitch is somehow amazing, because the polls are trending towards Labor.
Just watched Four Corners. Well, that's certainly not gonna help the government's case on housing affordability, I kept muttering "holy fucking shit" with the stuff that kept coming up. Seriously. Suburbs with a quarter to a half of buildings being owned by investors. Entire apartment buildings with about ten percent of the lights on at most. The quality of new houses and apartments dropping because builders don't care and it's really all just to cash in on the housing bubble. A lot of shady shit from the banks and various stuff that recalls previous housing crashes in Ireland and the USA. Interest rates being in such a precarious state that about a single percent rise could cause a shockwave.
Seriously, someone needs to deflate that bubble, or pop it while trying to. Really, a crash right now is preferable to a crash later if the bubble gets bigger. I honestly think sometimes that housing investment should be severely limited if not outright banned, it's terrifying to see such a scarce societal need be this kind of commodity.
It highlighted a bunch of issues. Turning property into an investment-only industry just seems so counter productive for the economy long term.
No mention of massive immigration or foreign investors pushing prices up. Certainly those Melbourne apartments are packed with Chinese money being stashed. And we need all the new houses nor for millennials but for migrants (either buying or renting), which is also something the government controls.
Weird how the libs often can be racist, when high net migration achieves two of their biggest goals, low wages and keeps the poor out of wealth.
On the left, there's the general trust in science and evidence
Most political philosophies are plagued with contradiction and hypocrisy.
On the left, there's the general trust in science and evidence running up against GMO and nuclear hysteria. The ideal of a tolerant, multicultural, pluralistic society runs up against the fact that some groups' values actively undermine this very thing and see it as an abhorrent, abominable evil. Immigrants are welcomed with open arms while they drive down the very wages of the working class.
Every solution to every political problem has downsides. If this weren't the case, there would be no argument.
Left/right dichotomy is about what the goals should even be. If your goal is to maximise society's production of paper clips, for instance, you might be able to find the best policy to achieve this using an evidence-based approach, regardless of the impact this might have on, say, income inequality.The whole left-right dichotomy is fundamentally broken and toxic.
The principle should be policy which is evidence based.
Immigration Minister Peter Dutton has hit out at "advocates and others" who he believes are pressuring refugees to "behave in a certain way", saying the Federal Government will not be persuaded to change its border protection policies.
Howard was an incredibly odd duck. There are things I will happily applaud the guy for, but he was also an extremely bad influence on the political climate. He was a shrewd political operator at times, but a lot of his successes were due to luck and bribing the electorate with middle-class welfare. If either Tampa, 9/11 and Mark Latham's self-destruction hadn't occurred when they did, he would've been booted out of office long before his ill-fated venture with Workchoices.
Edit: Morgan polls with 51-49 with Labor in the lead. Turnbull and Morrison better hope that budget pitch is somehow amazing, because the polls are trending towards Labor.
Left/right dichotomy is about what the goals should even be. If your goal is to maximise society's production of paper clips, for instance, you might be able to find the best policy to achieve this using an evidence-based approach, regardless of the impact this might have on, say, income inequality.
While the polls are converging, apart from Essential, all the polls still have a very low Labor Primary rate. The Greens have successfully rebounded from their 2013 kicking, the Coalition have been somewhat damaged and Palmer wiped out. If Labor do fall across the line it will probably be on an unprecedented flow of Greens preferences and the Greens are getting tricky with theirs now. It's not really a good story for Labor quite yet.
They can't win an election with 32.5% primary, they got smashed last time at 33.38%. If you look at the latest pollbludger that has Labor ahead, they are still well behind in raw seats and would have to convince every single other to fall across the line.
You're not wrong, although the loony left is generally less represented in parliament than the rabid right.
Also it feels like certain people on the left are very quick to give up their egalitarian values as soon as their privilege is challenged.
Dutton. Fucking cunt.
Left/right dichotomy is about what the goals should even be.
Has he done something new and terrible ?
Has he done something new and terrible ?
Blamed refugee suicide attempts on refugee advocates
That photo makes him look like be found a podium in the middle of a prison break.
Lights are on but no one's home.
Boom: Down to 1.75% on budget day, this will get interesting.
Watch the banks not pass it on.
NAB has already said they will.
I am shocked.
Then again there are the threats of a royal commission floating around.
4 Corners last night already has, complete with a business reporter on the ABC who had her salary fudged BY THE BANK so she could get her loan. Unfuckingbelievable.Yeah pretty much, would give massive credence to Labor's RC.
So, what time is the budget tonight? And what hashtag are we using? #notallbudgets #positivegearing
4 Corners last night already has, complete with a business reporter on the ABC who had her salary fudged BY THE BANK so she could get her loan. Unfuckingbelievable.