Page 76 - Intergenerational Report News Today

MORNING BRIEFING: The mission to rescue a whale tangled in netting off the NSW coast has been a success, and the 10-week defamation trial of Ben Roberts-Smith begins.

It’s said that politics has changed since the golden age of reform in the 1980s and 1990s. But that’s all the more reason to make the effort that seems lacking now.

Tax rises are inevitable after COVID-19 Not many politicians will admit it before the next federal election, but it is inevitable that taxes will rise in coming years to pay for the financial hangover of COVID-19. Share Not many politicians will admit it before the next federal election, but it is inevitable that taxes will rise in coming years to pay for the financial hangover of COVID-19. Well after the “temporary” fiscal stimulus fades, Treasury’s long-term budget projections show that...

What the 2021 Budget tells us about Australias population directions Independent Australia 13 May 2021, 16:52 GMT+10 The Government appears to have again postponed the Intergenerational Report to an unspecified later date. But it did update its population assumptions in the 2021 Budget which again highlight its eagerness to get the population rising strongly once international borders re-open. The revised population projections in the 2021 Budget are in Table 1 below: Table 1: Population foreca...

For me the high point was around 2005, fifteen years ago. I don’t know if you can remember how you felt at the time, but for me the surge in living standards, driven by an ever-building surge in output per working hour (“productivity”) suggested things were building on themselves: each new innovation was making use of the ones that had come before to the point where…. Ray Kurzweil, now the director of research at Google, summed it up in a book released in 2005 itself, titled The Singul...

Australia Institute The Australia Institute is calling on the NSW Government to support a National Climate Compensation Fund, funded by a levy on fossil fuel exports, to help cover the crippling costs of climate change on the state. Today’s NSW Treasury Intergenerational Report on Climate Risk shows the average annual costs of climate change for NSW to increase by over $10 billion annually over the coming decades, with the costs of up to $75 billion in any given year. The National Climate Com...

Advertisement The Prime Minister has a convincing lead in the polls. He is governing from the centre-right, the sweet-spot of Australian politics. But he is not, as some have suggested, invincible. There are weaknesses in substantial areas that will become more evident as the year progresses. Lacking firepower? Australian Prime Minister Scott Morrison with a shell at an ammunition factory in Maryborough, Queensland, this month. Credit:AAP For a start, his planned reform agenda has come to nough...