There’s an opinion page on the ABC News page about the increasing rise in house prices (and the subsequent fall in housing affordability). The solution presented: build more housing (not necessarily houses – apartments are okay too), thus increasing the supply. Unfortunately, that won’t help.
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Today our Prime Minister made an important step in Australian history, by apologising to indigenous Australians for past injustices. However, I think the focus on the so-called Stolen Generation was wrong.
Tags: Politics, stolen generation, welfare
Well, once again Peter Costello has failed to deliver any significant tax reform. Why? Well, read on.
Sigh… how could anyone make a living by killing pension plans? I mean, really.
An off-hand statement in the editorial of The Australian today went like this:
Even after the threshold changes in the May budget, the top 5 per cent of taxpayers are going to be paying a quarter of Australia’s net income tax
(Look in the section about Peter Costello)
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To quote the New York Times
This week’s census report showed that income inequality was near all-time highs in 2004, with 50.1 percent of income going to the top 20 percent of households. And additional census data obtained by the Economic Policy Institute show that only the top 5 percent of households experienced real income gains in 2004. Incomes for the other 95 percent of households were flat or falling.
Saw this as a comment on Russel Beattie’s blog: dozens of buses flooded out in New Orleans.
This is just bloody ridiculous. There’s probably close to a hundred buses there. Why weren’t they used in the pre-hurricane evacuation? Why weren’t they moved to higher ground if they weren’t used in the evacuation? Those buses represent 10,000 people per round trip who could have been taken out.
Frankly, the US government (both state and federal) obviously have no ability to cope with disaster planning.
Tags: common sense, doh, usa
It seems that the tradition of the National Party leader selling out the party’s constituents whenever it conflicts with Liberal Party policy is alive and well.
A National Party think tank came up with the stunningly obvious idea of using T3 proceeds to pay for bush broadband rollouts But John Anderson has nixed the idea – apparently he thinks the private sector can do it better.
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