Economy and Taxation

Labor’s capitulation on tax is an attack on us all

Labor seems more determined than ever to promise little, hoping the next election will land in its lap without offering any meaningful change.

Our lives are worth more than their profits

As Australia’s billionaires increased their wealth by 34% since the start of the COVID-19 pandemic, while the wages share of national income dropped to a historic low, a billionaire tax is a modest proposal!

A budget for billionaire climate criminals

The federal government delivered another budget for the billionaire class that runs Australia and is hell-bent on putting their profits ahead of the climate emergency.

Graph: Paul Oboohov based on Australian Bureau of Statistics data.

The squeeze on workers far predates the COVID-19 pandemic. In today’s dollars more than $4 trillion has shifted from workers’ pockets to corporate profits.

The Sirius Building in Sydney was built by the Housing Commission of New South Wales in 1978–1979.

The property-owning class has come out of the pandemic richer and more determined to use their wealth to get even wealthier. Typically, they are demanding measures that will only make housing prices more unaffordable to most.

The Labor party’s stage-managed policy conference was a clear demonstration that leader Anthony Albanese plans to continue the party’s “small target” strategy, offering working people very little in a pandemic recession and climate emergency.

The end of the JobKeeper program on March 28 means that up to 500,000 jobs are at risk, according to Small Business Australia (SBA). Government estimates are that 150,000 jobs could go.

Some of the policies we are proposing that no other party is actively campaigning on include: land rights; net zero emissions within 10 years, bringing strategic monopolised sectors of the economy into democratic public ownership, restricting residential rent increases to the consumer price index, 30,000 new public housing dwellings in four years and; sustainable transport solutions as a better alternative to both Roe 8 and building an Outer Harbour.

Facebook’s “Zucker” punch on February 18, disabling large sections of Facebook in protest at the federal government’s News Media Bargaining Code (NMBC), which led to amendments and the bill becoming law on February 25, reveals the enormous power of the media corporations.

It also shows how far we are from public interest journalism.

Democratise the media, democratise big tech

The Facebook ban on Australian media sites is a demonstration of the power of the tech giants and a compelling illustration of why they need to be brought under democratic control.

Today, Australia has aligned itself with the US in its trade war with China.

Australian government hostility to China is about an imperialist alliance with the United States and not in the interests of Australian workers.

The passing of the Greens-initiated motion for a Green New Deal (GND) in Victoria in the Legislative Council on November 11 is a significant step forward.

randomness