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The Forum > Article Comments > Bad economics and bad leadership > Comments

Bad economics and bad leadership : Comments

By Nicholas Gruen, published 28/4/2006

The Government has not addressed the interactions between tax, welfare and IR.

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Nicholas
You are very true in your assessment, however not strong enough in laying out the realities of effects of the new IR Laws, Welfare on the working man and woman.
There will be a recession/depression in Australia.
With less $ in their pocket the working family will reduce their spending on 'extras', reduce their spending on 'essentials' and reduce their spending on extra superannuation payments. All these reductions will see consumer spending across the board dramatically fall affecting all business and industry levels, with this fall will see further reducation of the workforce and the spiral continues. With the new IR laws workers will be afraid to speak out against their employers, unions are forbidden and lower wages will result as companies stratch to maintain their unsustainable profit levels.

There will be an election, Labor will return to power and have to do the only sensible thing and scrap the IR laws but the battleship willtake a long time to turn and they will need to create foriegn debt to rebuild out nation. The conservatives will again blame labor for debt and social programs to support all the unemployed. There will be unrest, unhappiness and unfullfilled dreams.
Posted by Mal, Friday, 28 April 2006 2:32:54 PM
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Oh my,
I simply cannot believe people are still sprooking the outdated idea of a NIT. This is the biggest load of non-sense ever to spew from Milton Friedman's mouth.

A) It will cost far too much to implement.

B) It removes vital incentives for people to move from welfare to work.

C) In an economic down turn, many people would start demanding their tax credits as their incomes drop. The policy would send the government bankrupt.

D) Itís a subsidy!

E) Rather than these silly credits, why don't we simply raise the tax-free level? Hell it would be a good idea for depressions, every time the minium wage is lowered the government collects less tax to compensate. It would certainly curtail the Nostrums government usually resort to during times of depression.
Posted by DLC, Friday, 28 April 2006 5:13:34 PM
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One of the major problems is that the Coalition have brought in some good reforms i.e removing unfair dismissal yet the one sided nature of these individual contracts bothers me.When times get tough work conditions and pay can be really screwed down.

The Labor State Govts on the other hand are doing everything their power to destroy small business with over regulation and taxes.They think that they can compensate for the Federal IR reform by going overboard on their leftist stupidity.

Nicholas is right,the Coalition has dropped the ball on taxation and economic reform.John Howard admitted to Alan Jones lately that tax compliance by business was far more onerous now under his Govt and it affects less then 1% of our population.Well wrong again Mr Howard,there are over one million small business owners in Australia and we make up 10% of the working population.

We need to simplify the whole tax system and it does not have to be complicated to reflect complexities in society.The Coalition won't even explore the possibility of a 2% expenditure let alone admit it might have some merit.There are just too many interest groups such as accountants ,lawyers,and Public Servants who will become redundant.The Coalition lack vision and courage for real reform.

Imagine if rent on property was charged using the complexities of our present tax system?It would cost business twice as much!
Commercial rent is charged in accordance with the value of the property and the number of square metres available.What could be more simple?

Why not have a tax system that operates like paying rent and rid ourselves of this insane complex system that not even the bureaucrats understand?If you cannot understand your own tax system,how can it possibly work?
Posted by Arjay, Saturday, 29 April 2006 11:07:06 AM
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Having heard Taxation Commissioner Michael Carmody's address to the National Press Club you would have to agree that there are strong interrelations between tax, welfare and IR. It's a pity that the Federal Government seems hell bent on cheap electioneering like dropping highest tax rates and lowering capital gains taxes. If its important to increase workforce participation then you can't have workers on high effective marginal tax rates as they move from welfare to work.
Posted by billie, Saturday, 29 April 2006 12:35:47 PM
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Hi, I have studied work choices closely and if the High Court does not overturn these laws it will be the beginning of the dimise of all states.

Wages will fall and crime will increase and I'm very worried. This Government has lied to us and I feel like the Business Council of Australia is running this country.

Work choices is illegal.
Posted by Sly, Friday, 19 May 2006 2:26:23 PM
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The Coalition live off a simple but mean phillosophy: They give with one hand and thieve it back with the other. The political apathy of Australians is reflected in the fact that not many of us can see the apparent relationship between IR, tax cuts and the Liberal's cosy relationship with big business. Many Australians may think they are getting a decent tax break, but their haste to judgement will be realised when they discover all they have forfeited - especially in the sphere of work.

It's obvious that the Australian public don't care about values, but instead only of quick cash payments and amnesia in relation to all the Govts lies(eg: children overboard, the Kovco saga, AWB, Dept of Immigration and its recent bungling diplomatic episode with Indonesia ,along with the deportation of our own citizens, Tampa, Iraq, and interest rates).

No wonder Costello smirks, Howard talks of trust, inlight of the above mentioned and Kevin Andrews can fool the elcetorate into believing that he knows well the plight of Australia's working people.

THE MAJORITY OF THE AUSTRALIAN PUBLIC ARE THE BIGGEST FOOLS IN THE CONSERVATIVES GAME AND THEY (THE TORIES) KNOW IT.
Posted by Country Unionist, Friday, 19 May 2006 3:30:11 PM
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