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No Sympathy for the Unemployed

Even though Australia is booming with the economic downturn hurting elsewhere, the unemployed are being targeted by the government. Several years ago pensioners were given a significant rise in payments. The unemployment rate remained the same. The "dole" is indexed to inflation, but it remains very low. Youth Allowance is paid to young people to the age of 20, full-time student under 24, and also apprentices to this age. Those living at home receive A$110.15 a week (2010). Independent recipients get A$167.35. Living away from home, sharing the rent of a house could easily cost more than A$100.00 a week. Attending university would be just as expensive, so the burden falls on parents. Newstart which is the actual "dole" paid to eligible unemployed workers over 18 years is A$228.00 a week. There are severe restrictions on getting the full amount. Recipients must sign an Unemployment Pathway Plan (Activity Agreement) where they are monitored and told to do cer

The Tax Working Group Makes Predictable Recommendations

The Tax Working Group (TWG) has reached the conclusion that there should be a corporate tax cut. This finding was not surprising considering it was set up for this purpose. It is said that this will bring more investment money into Australia. Considering the Australia currency is already far too strong and is slowing down exports because they are too expensive on the world market, the last thing we need is more money flowing in. This can be funded by reducing tax offsets for R&D development, it says. What a silly idea this is. Reduce R&D and we will have nothing new to sell. This is like robbing Peter to pay Paul. These are the same companies who will enjoy the corporate tax cut. By cutting back on gas, oil, agriculture and transport tax write offs, there will no overall benefit. Furthermore, ending tax deductions for multinationals will slow foreign investment not improve it. These inquiries are often a waste of public money. They make recommendations that are usuall