This chart in a new IMF staff working paper caught my eye:
I have a new comment piece in Guardian Australia. I argue that the large personal income tax cuts of the mid-2000s were a big factor in creating the structural deficit, and that any attempt to wind back this deficit should start with those tax cuts. At the very least, bracket creep should be allowed to do its thing. Please read it!
I appeared on a panel about a month ago at the Progressive Australia conference in Sydney, organised by the Chifley Research Centre. Although this wasn’t a stand-alone presentation (I was speaking in response to a keynote speech by Patrick Diamond), I thought my slides might be of interest.
This was the front page of our national broadsheet the day after the ALP Government announced a plan to increase the tax on the super contributions of the 128 000 Australians earning over $300 000:
There are two alternative proposals to increase the tax on superannuation contributions.
Which of these proposals would you describe as ‘class war’?