Treasurer Josh Frydenberg was less than honest when he told Insiders that the government’s vision of tax reform includes a “simpler tax system, a fairer tax system and lower tax”, writes Alex Bainbridge.
In the wake of the Wentworth byelection and the debate about its meaning a lot of commentary has focused on the desire for a return to the “sensible centre”.
Tony Abbot’s recent suggestion that the army take control of gas resources in states that have banned or limited unconventional gas mining shows the lengths to which the recalcitrant fossil fools will go to defend dirty energy corporations, which are under increasing fire as the national debate over energy security continues.
Company profits have skyrocketed, while real wages have fallen. This is the harsh reality of the class war being pursued by Australia’s big-business rulers, as underlined by the latest Bureau of Statistics figures released on February 27.
In the last three months of last year, profits surged by a massive 20%, while wages fell by 0.5%. Over 2016, profits were up 26%, while wages grew by a mere 1%, less than the inflation rate of 1.5% — effectively a wage cut.