As many as 20,000 full-time jobs could be created for just $1 billion according to a submission by The Australia Institute to the Senate inquiry into the Government's proposed stimulus package. For $42 billion the government is only expecting to sustain 90,000 jobs over two years, which is $233,000 per job per year. At just $50,000 per full-time job, the Institute's plan to subsidise jobs in the community sector is five times more effective at creating jobs than the government's focus on stimulating consumer spending.
High income earners are using low-cost private health insurance products to avoid the Medicare Levy Surcharge according to a report released today by the Australia Institute.
The Institute's analysis uses unpublished ABS data to estimate that the practice is costing Australian taxpayers $230 million a year in lost revenue.
The findings are made in Using cheap private health insurance to avoid the Medicare Levy Surcharge: What is the cost to taxpayers?, by the Institute's Deputy Director, Andrew Macintosh.
The report analyses the extent to which registered health funds are offering cheap policies to enable people to avoid the surcharge.
This piece focuses on domestic tourism assistance and event attraction within the tourism industry of states and territories. While the taxpayer spends over $245m annually on assistances to the tourism industry there is very little return. The only reasons that states and territories engage in the industry is because it is perceived as a zero sum game. If one state no longer invests in tourism they lose in comparison to another state. This money could be spent more effectively on the state based level, and not simply favour one specific industry.
This paper outlines a radical new proposal to pay rebates to export industries adversely affected by greenhouse gas emission taxes thereby preserving the international competitiveness of energy-intensive exporters whilst maintaining the carbon price signal with the domestic economy. Implementation of the proposal would thus effectively remove the main argument used against the ratification of the Kyoto Protocol, that of damage to our international competitiveness.
The experience of the Democrats' GST/MBE deal suggests that the Nationals' Telstra agreement is likely to fail to protect the interests of rural and regional Australians and disappoint those in the National Party who believe it could protect them from an electoral backlash.
While many Australians are prosperous, few feel prosperous. Only 1 in 5 millionaires consider themselves prosperous¸ and only 1.6 of the entire Australian population. This piece claims that the pressure on growth of net worth and income forces people to perceive themselves as not prosperous.
A new analysis of the economic performance of the Hawke-Keating Labor Government and the Howard Government concludes that, in a reversal of what would be expected, Labor did better at controlling inflation and the real rate of interest, while the Coalition did better at reducing unemployment and cutting the current account deficit.