The UK has a new government, and one of their first steps has been to reverse some planned tax increases and make other tax cuts. Great news for British taxpayers and the broader UK economy, but it has sparked controversy as the usual crowd of big-government apologists condemn any policy that reduces the power of politicians.
Read MoreFundamentally, the issues of inflation and recession must be addressed with different types of policy. Inflation can only be addressed through more responsible macroeconomic policy, while sustainable economic prosperity can only be achieved through microeconomic reform that boosts productivity.
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John Humphreys | Spectator Australia
The goal isn’t to boost share prices or corporate profits, but to increase productivity so working people can benefit from higher wages and lower prices.
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The TGA is considering restricting access to paracetamol, including by shrinking pack sizes, limiting adults to buying only one or two packets at a time, and outright banning under 18s from purchasing without a prescription.
Read MoreOne of the defining features of the economy over the last year has been the decline in real wages. Nominal wages have increased by 2.6%, but consumer prices have increased by 6.1%. The sad reality is that many working Australians are getting poorer.
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Are stage three tax cuts only going to benefit Australia’s high earners? Nope. Here are five reasons these cuts will benefit regular Aussies.
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John Humphreys
Journalists are citing questionable modelling in their crusade for higher taxes. Eager to undo one of Australia’s most significant microeconomic reforms in decades, journos are pressuring the government to instead embrace higher taxes.
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It’s no secret rental prices are higher than ever and the rental crisis - a dire shortage of rentals - is impacting towns and cities across Australia. But what effect will a price ceiling have on rental supply?
Read MoreThe government should make the current petrol tax rate permanent and abandon the tax increase. If they are unwilling to do that, they should at least delay the petrol tax increase until inflation is under control.
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Ebony Graveur | Spectator Australia
When one human being is trying to convey an idea to another, clarity is the goal and navigating language can be a treacherous undertaking.
Read MoreOrdinary Australians are struggling under the dual pressures of high inflation and rising interest rates. There’s no simple solution, though there are some commentators out there offering simplistic and dangerous suggestions that will make the problem worse.
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Barclay McGain | Spectator Australia
Is an increase to the minimum wage really the solution to low-income earners feeling the pinch of runaway inflation? Not even close.
Read MoreThere is no silver bullet when it comes to housing availability and affordability, but one part of the puzzle is to improve the incentives faced by local councils so that they get the benefits or costs associated with their planning and development policies.
Read MoreWhile small business and ordinary people suffer under high inflation, the government is able to avoid most of the costs while secretly increasing taxes and avoiding responsibility for their irresponsible borrowing. They can’t be trusted.
Read MoreTrying to navigate this absurd maze of rules, regulations, committees, commissions, councils, funds, targets, agreements, operators, and regulators is near-impossible for most people.
Read MoreHigh income taxes punish people for being productive. This is both morally dubious and economically inefficient, as it encourages people to shift into less productive activity.
Read MoreThe market system is politically neutral and so it doesn’t guarantee any particular mix of technologies. This is good news for people who want cheap and reliable energy, but it’s bad news for energy bureaucrats who want to centrally plan our energy future.
Read MoreThe RBA should act decisively now to get cost of living pressures under control.
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Standing just outside leafy Toowoomba, the Wellcamp quarantine facility is almost brand new but already effectively defunct. Though it sleeps 1000, the facility currently houses just seven people - a figure that seems of especially poor taste as the housing crisis grips families across the country. READ MORE>>>
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Brian Marlow
Like clockwork, the moderate faction are decrying the only reason the election was lost was due to the LNP not being green enough and not putting more resources into costly renewables. They point to losing key moderate strongholds as evidence of this, while ignoring the swings in the rest of the country that tell a different story.
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