I'll still report on the budget's winners and losers next month, but I'll also aim to go deeper — to report on what's winning as well as who.
Among last year's winners were said to be single parents, renters and first home buyers. Among the losers were said to be vapers, truckies and consultants.On budget night, when the changes to the Stage 3 tax cuts are re-announced, we will be told they will makeIt's part of a way of thinking and reporting that makes changes that could actually help us all but impossible.
"But I can't escape the sense that, in developing the tools that facilitated squabbles over the distribution of gains and losses among the households of Australia in 1985, we were participating in a conspiracy against future Australian households."While a lot of the political commentary is fixated on Labor's broken promise, will its backflip make the tax system better? On that, there's a lot less argument.
To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.The things we ought not to celebrate, and ought to tax heavily, are plunder, dumb luck, and a "finders keepers" approach to resources, including mineral resources.
He says we've got to level with them and level with ourselves, which is also the argument of Mixed Fortunes, the book detailing the history of tax reform in Australia by former treasury official Paul Tilley that Henry launched.
Federal Budget Andrew Leigh Jim Chalmers Winners And Losers Ken Henry Treasury Stage 3 Tax Cuts Paul Keating
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