As the demand for Australian farm products skyrockets in Asia, corporate Australia is buying up drought-crippled but viable rural properties at bargain prices.
Joe Hockey
When it was revealed last month that Malcolm Turnbull has significant investments in the Caribbean tax haven of the Cayman Islands, I'll admit I felt some relief. At least our prime minister appeared committed to helping someone's economy, even if It was just a banking system once described by Barack Obama as “the biggest tax scam on record”.
Resistance: Young Socialist Alliance’s “World to Win” series, aims to give voice to the ideas and aspirations of radical young people who are involved in the struggle for social change. This week, Murray Taylor discusses the ideas behind wealth inequality and the demand for redistribution.
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Remember how Treasurer Joe Hockey promised that all Australians would pay an equal share in his efforts to balance the budget and assist in this recovery?
So a member of the Coalition government said something tone-deaf and out of touch again. It must have been on a day ending with “y”. When asked last week about housing affordability, federal Treasurer Joe Hockey came out with this cracker: "The starting point for a first homebuyer is to get a good job that pays good money." Oh, of course, Joe! Why hasn't anyone thought of that before?
I am not sure federal Treasurer Joe Hockey really thought through his “get a good job that pays well” solution to the Sydney housing crisis. After all, as our treasurer teaches us in his Book of Joe, the poor don't drive, so how are they going to get to the job interviews?
In its latest federal budget, the Tony Abbott Liberal-National government announced the setting up of a $5 billion “concessional loan facility” called the Northern Australia Infrastructure Facility. The proposal has been condemned by environmental and Aboriginal rights groups.
Joe Hockey may have been hoping that his spin about a "dull" budget would lull the public into a stupor, but the budget is anything but dull if you're a woman, a parent, pregnant, a student, a pensioner, on welfare, need legal aid or are unemployed.
The government faced significant, organised, public opposition to its 2014 budget measures, many of which failed to pass in the Senate. It was forced to back down on a number of policies, however it is under increasing economic pressure to get its neoliberal agenda through.
New mothers will be pushed to return to work sooner and non-working families will be punished by having childcare subsidies reduced in the government’s latest budget.
Treasurer Joe Hockey chose Mother's Day on May 10 to announce that almost 80,000 women will have their existing paid parental leave slashed, saving $1 billion.
At the moment the government provides 18 weeks of paid parental leave at the minimum wage of $600 a week.
At the G20 meeting held in Brisbane last December, Treasurer Joe Hockey unveiled his blueprint for the Australian economy. It came in the form of a document grandiosely titled The Comprehensive Growth Strategy.
This was Australia’s contribution to the G20’s strategy to raise their overall economic output by 2% over the next five years.
So it must have come as a surprise to cigar-smoking Joe that when the IMF and OECD looked at the fine print of his document and reached for the abacus they concluded that it would, if implemented, add only 1.2% to economic output.
The federal Treasurer Joe Hockey has foreshadowed further major cuts to public sector jobs and services in the Mid Year Economic and Fiscal Outlook (MYEFO) released on December 15. The MYEFO is an update on the draconian federal budget brought down by the treasurer in May this year.
There is a lot of hype about so-called pain in this budget, and sure, not everyone comes out a winner. But, basically, as long as you are not a young person or an old person, you should be fine.
Or a middle-aged person who plans on getting old. Or a public servant. Or a farmer. Or someone who wants to study at university, or who owes money from past study.