According to a recent article in the Australian Financial Review, if an election was held now and voting wasn’t compulsory there would be record low voter turnout because on the whole, Australians aren’t happy with our current political leaders and choices. As shown in the Queensland election, Labor voters have deserted their party in droves […]
As highlighted several times, the NBN is one of the biggest wastes of money any Australian Government has ever committed to. And according to Kevin Morgan of the Australian Newspaper it, “is hopelessly behind schedule and its plan in tatters”. The only town where the NBN is on schedule is Armidale in Northern NSW, 45 […]
According to the Financial Review Boss, Zappos, the billion-dollar plus online shoe store, offers new recruits $3,000 to quit. They say it helps weed out undesirable employees. And ultimately, bad customer service can cost a lot more (hundreds of thousands of dollars)… Zappos says 2-3% quit and take the cash. Video People are now being […]
According to Treasurer Swan, Gina Rinehart becoming the major shareholder in Fairfax is a threat to democracy. I find this interesting. Is this the so-called democracy where the majority elected Prime Minister, Kevin Rudd, was sacked by minority union factions who dictate to the Labor Party? Is this the so-called democracy where Gillard, when finally […]
One fifth of eligible voters, almost 3 million people choose not to vote according to the Financial Review. It appears the land of compulsory voting is breeding non voters in large numbers. Australians also have record disapproval ratings for both Gillard and Abbott. Australia is only one of ten compulsory voting nations. 3 million people […]
State governments impose taxes on companies who employ staff in their state. The rates vary slightly between each state but generally it’s 4 – 5% tax on top of each employee’s salary above a low threshold, capturing almost all small businesses and larger. Victoria charges one of the highest rates in the entire country and […]
If you use heating oil to keep your family warm and cozy during those cold Irish winters, you are already aware that the price to fill your tank can vary widely. Like gasoline, heating oil is a commodity, and that means it is subject to the vagaries of the open market. When heating oil is […]
On Friday our nation’s debt went over $200 billion for the first time ever. We borrowed $3.2 billion over the last week. Our debt ceiling was $75 billion when the current party got into government. On 11 March 2009, “special circumstances” warranted an increase to a “temporary” level of $200 billion. The last budget saw […]
I love travelling. I love economics. I love observing human psychology and also cultural psychology, the collective psychology of an entire nation. And I love finding solutions to obvious problems, because they generally require nothing more than strategic, intelligent thinking and a large dose of common sense. The same strategic, intelligent thinking and common sense […]
According to recent ATO statistics, the rich account for an increasing slice of the tax haul in Australia. The reality is the more rich people there are, the better it is for all Australians. Not just from the trickle down effect, but because they’re paying a disproportionate share of taxes, which enables lower income earners […]
