Husic is right about the corporate tax
Ed Husic's call for genuine corporate tax reform could boost investment, raise wages, and drive economic growth. But do we have the political willpower to get it done?
Topic
Tax
A collection of 5 issues
Death by a thousand links
Facebook leaving Australia shows that the media bargaining code backfired. The government misdiagnosed the problem and harmed consumers while benefiting the big media companies. It's time to cut our losses, accept that the code was a mistake, and focus on real solutions to support local media.
The need for tax reform
We desperately need tax reform in this country and fixing bracket creep for good would be an excellent feather for Chalmers to put in his rather empty reformist cap.
Albo's stage 3 backflip
I'm honestly not sure why Albo was willing to risk so much political capital on a relatively small distributional change just to get his very own Oprah moment. But the whole stage 3 tax cut song and dance is a recurring sideshow to a much, much deeper issue: bracket creep.
Does money make you happy?
Ah, the age-old question: does money buy you happiness? The general consensus is yes – to an extent. For example, surely the happiness a person gets from their billionth dollar is less than what they derived from their first dollar?
Nobel Prize winners Daniel Kahneman and Angus Deaton (2010) formalised this