Before the federal budget, the housing market was already starting to choke on its own excesses. Now some economists are tipping an extended period where home prices grow no faster than general inflation.
www.abc.net.au/news/2026-06... by Michael Janda #auspol #ausecon
"Wealth taxes don't fix everything, but not having them will destroy everything."
Inequality economist, author and former trader
@garyseconomics.bsky.social
#ChangeNOW 🤝
Another big consultancy scandal, this time at KPMG www.abc.net.au/news/2026-05...
reading the employment services "reform" discussion paper... it's unclear what advantages outsourced providers are thought to bring. what *do* they do that wouldn't be better achieved by a body with the public interest as its primary goal?
It also occurred to me that the worked example in the piece ignores large CGT concessions for active small businesses, such as the 50% active asset reduction. These substantially reduce real world CGT.
The piece confounds more than it enlightens.
I get the appeal of a party like the Australian Democrats but without populist anti-establishment vibes & with other viable minor parties now existing, the constituency for a socially liberal centrist party is max 5% of voters
So the Australian Democrats 2.0? #auspol
Strange piece. Prof Holden thunders about a "productivity tax" that "punishes high productivity businesses" by imposing "vastly different effective capital gains tax rates".
Except it's not true. His numbers rely on the wrong denominator and money illusion.