INTERNATIONAL competitiveness has had a bad week, whereas with a little enlightened government it could be the beginning of something really worthwhile.
Continue reading “The good and bad of international competitiveness”
Another tax policy from the jack-in-a-box
OVER the past week we have seen, yet again, the depressingly deficient way our political parties are dealing with what amounts to about half of their job – raising revenue. It was yet another jack-in-a-box policy. Out of the box suddenly and noisily popped Bill Shorten and Chris Bowen. They blurted out a line-item proposal to change to Australia’s complicated tax system. There appeared to be no consultation with even the partyroom, let alone the wider public which contains deep academic, industry and think-tank knowledge.
OVER the past week we have seen, yet again, the depressingly deficient way our political parties are dealing with what amounts to about half of their job – raising revenue. It was yet another jack-in-a-box policy. Out of the box suddenly and noisily popped Bill Shorten and Chris Bowen. They blurted out a line-item proposal to change to Australia’s complicated tax system. There appeared to be no consultation with even the partyroom, let alone the wider public which contains deep academic, industry and think-tank knowledge. Continue reading “Another tax policy from the jack-in-a-box”
Preparing for disruption by driverless and electric cars
MOST governments and regulators will admit they were taken by surprise by Uber, yet with many car companies expecting to have driverless cars in the early 2020s (two years away), a lot of questions remain unanswered. The chief executive and commissioner of the National Transport Commission, Paul Retter, acknowledged as much at the Australian Logistics Council Forum in Sydney last week. Equally, electric cars (driverless or not) present a major tax question. Smart governments would be preparing for the disruption. Continue reading “Preparing for disruption by driverless and electric cars”
Measuring progress not just money
HERE is a hypothetical example about a small jurisdiction – Tasmania – which can be used to illustrate a point. Just say Tasmania’s GDP grows by 1.5 per cent one year to $30 billion and the Tasmanian Government says, “Wow, we are obviously getting it right.” Continue reading “Measuring progress not just money”
Beware the green dragon, not the red one
As China’s President Xi Jinping came closer this week to becoming the next Emperor of China for Life, western leaders wrung their hands and worried about China’s military power; cyber power and soft power – meanwhile naively surrendering, without a scintilla of opposition, primacy the one field that made the British and then the American empires world dominant – energy.
As China’s President Xi Jinping came closer this week to becoming the next Emperor of China for Life, western leaders wrung their hands and worried about China’s military power; cyber power and soft power – meanwhile naively surrendering, without a scintilla of opposition, primacy the one field that made the British and then the American empires world dominant – energy. Continue reading “Beware the green dragon, not the red one”
Money not argument is the answer to NRA
AFTER the Florida shootings, Australia was again mentioned sporadically as an example of how to do gun control. Buy back the guns and destroy them. Ban a huge range of high-powered guns. And strictly control purchases of weapons and how they are stored. Too easy, you would think. The vast majority of Americans know what is needed. But getting there is far more difficult in the US than in Australia. Nonetheless there is another aspect of Australian political life which could be quite helpful in the US. Continue reading “Money not argument is the answer to NRA”
Better to kick banks while they are up
NOW that the banking Royal Commission is under way, it is a good time to reflect on the Australian financial system over the past decade and be grateful that we are kicking the banks while they are up, not down. Far better to have obscenely profitable banks than grotesquely bankrupt ones. Continue reading “Better to kick banks while they are up”
Cigarettes, weapons – anything for jobs and exports
THE Australian Government should consider setting up, or at least subsidise, a major domestic and exporting cigarette industry in Australia, even if the subsidies go to foreign companies or that the domestic industry is run by foreign companies. It would create jobs and promote exports. If the demand for the product can be boosted both here and abroad, the jobs created would outweigh any downsides. Continue reading “Cigarettes, weapons – anything for jobs and exports”
Great Barrier Reef needs more than denial or despair
WE WERE out of internet range, anchored on No Name Reef, when the Federal Government announced its too-little-too-late $60 million package “to secure the viability of the Great Barrier Reef”. No Name Reef, sometimes called Cormorant Reef, 200km north east of Cairns, had a reputation for spectacular coral.
Australia marking time IV: population
THIS is the fourth in our four-part January series on how our politicians have not done a good job in adapting policy to changing circumstances or when policies do not work. This week we look at the related topics of infrastructure, population and environment, and briefly at defence. Continue reading “Australia marking time IV: population”