Fighting Fund

"Former NSW Premier Mike Baird has enthusiastically accepted a job at the National Australia Bank as chief customer officer, in order to spend less time with his family," The Chaser revealed on February 28.

"Baird has reported an exhausting five weeks spending quality time with his children. According to Lucy Baird, his eldest daughter, Baird's return has polled badly among the family, following his controversial policy of putting his children to bed two hours earlier than they were previously used to.

At ANZ’s Annual General Meeting in December last year, chairperson David Gonski asked why any corporation would stay in Australia where they are taxed "so highly" in comparison to other countries?

The response to this is that companies should be made to pay even more tax, and those which pay none should be made to pay. More than one third of large public and private companies paid no tax in 2014-15.

With the decision by the misnamed Fair Work Commission to slash the take home pay of some of the lowest-paid workers, it is worth restating that all wealth in our society is created by workers and not capitalists.

Profits come from the difference between the value of the goods and services created by a worker and what they are paid for their work. Some of this "surplus value" is invested back into production, but the rest is siphoned off as profit.

Federal Treasurer Scott Morrison pulled out a lump of coal in parliament on February 9 and launched a rant in which he accused the opposition of “coal-o-phobia” and regurgitated PM Malcolm Turnbull's outrageous National Press Club speech urging more coal-fired power stations be built.

Morrison went wild while behind him other Liberals and Nationals joined in a pantomime by passing the lump of coal to each other.

As economists debate whether this year will be economically better or worse for Australia, one thing is certain: we will all get screwed even more this year.

Last week, BusinessDay Scope economic survey for 2017 issued its survey of 27 leading economists from financial institutions, academia and consultancies.

Sydney may be in the grip of an apartment boom, but the construction of thousands of units across the city has done little to put a lid on rents, according to an analysis of the latest rental data.

Apartment living became more expensive in Sydney in the year to September 2016, after rent increases in all but three of the city's local government areas, according to the NSW Tenants' Union Rent Tracker report.

Tenants' Union advocacy and research officer Leo Patterson Ross said: "Apartment rents are growing faster than house rents at the moment."

There can be no doubt about it. Capitalism is eating the future, destroying it with systematic greed and exploitation.

Just one year ago, according to calculations by anti-poverty group Oxfam, the 62 richest people on the planet owned as much wealth as the poorest half of the world's population (3.5 billion). This year that number has dropped to eight as inequality spirals out of control.

Eight super rich men have more wealth than half the people in the world and the richest 1% have more than the other 99%. Does anyone believe this is sustainable, let alone conscionable?

“Despite the fact that Australia’s on the verge of becoming the world’s largest exporter of LNG [Liquified Natural Gas], there’ll be no new revenues from the primary tax on oil and gas for the next two decades and perhaps even longer,” Tax Justice Network (TJN) researcher Jason Ward said on October 10.

The TJN is a coalition of churches, welfare groups, unions and other civil society organisations.

This primary tax is the Petroleum Resources Rent Tax (PRRT), initiated by Bob Hawke’s Labor government in the 1980s.

Just as the big 4 banks will be promoting how important they are to the community, Green Left Weekly will be there to fight them and argue for putting them under our democratic control for the benefit of society and the planet. But we need your support to do this...

The US Declaration of Independence declares: “When a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government”.

Err, like now, when we have just seen the racist, misogynist, billionaire bully Donald Trump “elected” US president by only 25% of the eligible vote and with 700,000 fewer votes that his opponent Hilary Clinton?

When the majority of US residents did not vote for either of these two candidates of the richest 1%?

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