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POLITICS

Australia already has a UK-style windfall profits tax on gas – but we’ll give away tens of billions of dollars unless we fix it...

ENERGY
Australia already has a UK-style windfall profits tax on gas – but we’ll give away tens of billions of dollars unless we fix it soon Peter Martin, Crawford School of Public Policy, Australian National University The really bizarre thing about calls for a UK-style windfall profits tax on gas is that...
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First Nations people shouldn’t have to wait for a referendum to get a Voice to Parliament

BIASED HISTORY
As the entitled self-serving Michaelia Cash, failed ex politicians Cory Bernardi and Tony Abbott join forces with the ratbag far-right-fringe https://www.theguardian.com/.../liberals-accused-of... promoting racist Trump style lies and miss-information with utter crap like this "If we put the voice into the constitution, to my mind, we’re effectively announcing an apartheid-type...
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Pork barrel’s days are numbered

ELECTIONS
Peter Hartcher writes in the SMH When the Morrison government was handing out cheques to build new car parks for commuters at Melbourne railway stations, it judged that some commuters were more worthy than others. Specifically, the truly worthy ones were those who used train stations in areas held by...
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Treasury calls bullshit on company tax cuts, wages growth

ECONOMY
Glenn Dyer and Bernard Keane write in CrikeyIt’s a speech Treasury secretary Steven Kennedy wouldn’t have dared give under the previous government — and might be reluctant to give in six or 12 months. But his address yesterday to a meeting of Australian business economists questioned some of the...
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Bowen has to rule out CoalKeeper — and we need a windfall profits tax

ENERGY
Bernard Keane writes in CrikeyWith Energy and Climate Minister Chris Bowen meeting state and territory counterparts and energy regulators on Wednesday 8th June 2022, the ghost of Angus Taylor hangs over the gathering beyond his role in creating an energy crisis by trying to shackle Australia to coal. Bowen and...
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Edict for gas storage amid energy crisis

ENERGY
The NewDaily's Dominic Giannini reports Australia’s energy ministers have unanimously agreed to enhance the powers of energy regulators and give the market operator the capacity to procure and store gas supplies. Energy Minister Chris Bowen chaired a roundtable with his state and territory counterparts on Wednesday, where 11 action points...
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The two great stupidities behind our inflation

ECONOMY
Alan Kohler asserts It’s a bit like chemotherapy that kills the cancer by taking the patient to death’s door. Here’s a wild idea for mainstream economists to smile at condescendingly: How about the Reserve Bank stands back and lets this inflation episode run its course. There’s a wise old saying that the...
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New Attorney-General promises national corruption watchdog will have power to investigate pork-barrelling

POLITICS
New Attorney-General Mark Dreyfus says the national corruption watchdog will be empowered to investigate the use of grants programs for politically motivated pork-barrelling, saying such abuse of public money should be regarded as corruption. In his first interview since being sworn in as the country’s top law officer, Dreyfus said...
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When is a secret meeting for lobbying not a secret meeting?

ECONOMY
Ed Straw and Ray Ison write in Pearls and Irritations ICAC urges ban on secret meetings with lobbyists.  In other words, ICAC practitioners imagine a new system for governing…or do they?   What is ‘their system’s’ purpose and how might it work out in the long run?  Some general features pertain. The professional lobbyist...
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Energy prices leave few winners — while the rest of us lose

BUSINESS
Bernard Keane writes in The GuardianSeveral long-term trends are now intersecting in a way that is going to deepen economic divisions in Australia, as well as undermine growth ahead of what may become a significant slowdown in 2023. The global energy price boom is undoubtedly great news for Australia’s big...
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