Out-of-pocket health costs have skyrocketed compared with all other prices as measured by the Consumer Price Index, shows new analysis by The Australia Institute.
The analysis using ABS data shows that health costs have more than doubled the rise in CPI with a 24 per cent increase in health costs compared with 11 per cent increases for all prices—mainly caused by a 33 per cent increase in the cost of medical and hospital services.
The Coalition is spruiking local pork barrel projects because its poorest supporters won't benefit from its massive tax cuts.
by Ebony Bennett
[Originally published on The Canberra Times, 22 April 2019]
Australia is having a huge national debate about taxes and tax reform that's mostly missing the point. There's too much focus on costings and not enough analysis of who is getting the biggest slice of pie - here's a hint: it's not those struggling to make ends meet.
by Richard Denniss
[Originally published on Guardian Australia, 17 April 2019]
When a magician says you must look carefully at the cards that they’re shuffling, they don’t want you to see what their assistant is doing. And when a politician tells you to focus on one key economic issue, it’s a sure thing they don’t want you looking at the bigger picture.
New analysis from the Australia Institute shows the gender distribution from the Government’s plan, announced in the Federal Budget, to flatten the income tax scales is skewed against women.
When the tax cut is fully implemented, for every dollar of benefit that goes to women, two dollars goes to men.
Figure 1. Gender Distribution of Income Tax Cut when fully implemented
New polling from The Australia Institute shows South Australians overwhelmingly think increasing funding for public services is a far more effective policy for encouraging jobs and economic growth than the SA Government’s land tax cut for property investors.
by Richard Denniss
[Originally published in the Australian Financial Review, 18 March 2019]
Like a dog that doesn't know what to do when it catches the car it's been chasing, the business community doesn't seem to know what to do now they've pushed wages growth to record lows and the profit share of GDP to all-time highs. While some might read the room, bank their gains and mouth some platitudes about sharing said gains, the Business Council of Australia (BCA) and the Coalition are not for turning.