We need to invest in our own people and their better ideas. Ending tax avoidance would enable the Govt to do just that!
The only way is to completely jettison the current convoluted complex collection system in its entirety and replace it with a stand alone unavoidable expenditure tax.
Set at just 4.8%, this tax will raise more NET revenue, than that currently collected by all three tiers of Govt.
The loss of the GST could be offset by a direct funding model for both public health, education and urban/interstate rail.
The tax rate can be microscopically varied region by region to control either inflation or stagnation, simultaneously if required!
Meaning, interest rates can be set at historic lows indefinitely, with all that would mean for the economy and job creation.
The rate can also be temporarily varied/forgiven to promote development, or cooperative enterprise, where that is desirable.
With the world's lowest tax rate installed, the Govt. needs to provide cheap clean energy, to have the energy dependant high tech companies queuing to relocate here.
Thorium, cheaper than coal is a good bet, and local supply is the other.
Up to 50% of the energy created in the power station is lost in transmission lines, and somebody has to pay for those losses.
Very adjacent local supply would ameliorate most of that and quite dramatically reduce reticulated energy costs!
Most homes and high rises can be powered by their own biological waste.
Currently we inject energy into it and then flush it out to sea, where it does nothing but harm, when instead we could extract endlessly sustainable energy from it, and create other endlessly sustainable, highly profitable, offshoot industries from that endeavour.
The economic activity created by the proposed changes, would repay any outlays; and require every able bodied person to contribute.
Investing in our own people and their better ideas, would do the same, in fact, we'd likely have to emulate Germany, at the height of her economic power, and import guest labour, to make up the annually increasing labour shortfalls.
Rhrosty.

A timely article. I am watching parts of the northern suburbs of Adelaide fall apart due to youth unemployment. Parts of Elizabeth are topping 43 per cent for people 15-19 years. That's worse than the very worst of the Great Depression.

I have been commenting on older job seekers and workers for the last ten seven years or so through my research, journalism and interest in generations and demographics, but the youth unemployment issue is so dramatic and so under reported that it eclipses any fall out from the Boomers (super, pensions, etc).

I am very concerned that between recruitment prejudice (against young people) and the lock-step functionalism of our educational institutions, that we are failing our young people badly.

Surely the major reason for youth unemployment is the passage of the Fair Work Australia Act in 2009. It is now very difficult for employers to dismiss people. Unsurprisingly businesses are not going to take the risk with prospective employees looking for their first job. The Labor government has taken care of its union mates but made sure that the youth of Australia cannot get on the career ladder.

If there is one thing that recycled Kevin is good at, it is the delivery of spin infused with gross exaggeration, as he has displayed since resurfacing from the back bench.

He does not recognise that the governments that he and subsequently Julia led, contributed to growing youth unemployment. The substantial increase in the cost of employing labour flowing from passage of the Fair Work Act, coupled with the substantial increase in energy costs flowing from the government-enforced green energy schemes and carbon dioxide tax, the mining tax, complemented by low productivity, a high $A, and growing uncertainty, have all contributed to making employers unwilling to hire labour.

The recent depreciation of the $A will ease some pressure on trade-exposed industries, but apart from tinkering with the carbon dioxide tax, Kevin does not propose to do much about the other factors.

Unfair dismissals could go, as a trade off for much higher job start payments.
Which would still need to be temporary or limited to say six/twelve months; or five years, if the beneficiary is enrolled in an accredited study course and is prepared to relocate after graduation.
If twelve months is not enough time to find a job, then perhaps the recipient ought to be left with little other choice, than paid military service?
This outcome might just create the missing work ethic or missing self esteem needed to hold down a job or succeed?
We also need to train people for actual jobs, not something that is just not available?
An arts degree is a possible road into other disciplines, not a guarantee of future employment.
There are already enough fully qualified professors hacking taxi cabs, without creating training paradigms that simply add to their number.
Employment service providers, ought to be compelled to earn their money by training people to job ready standards and real jobs, not just send them here there and everywhere, chasing positions that could've been already filled/no longer exist?
And charge them and or the Govt. exorbitant fees for the "activity"!?
And despairing young people need to understand, what doesn't kill you, only ever makes you stronger, or that simply giving up, leads nowhere.
Yes it's tough, but then so was the Great depression that their grandparents/great grandparents lived through.
Today's generation, have never ever been truly tested, and have had it far too easy for most of their lives, courtesy of very liberal parents?
They need to toughen up, smarten up and decide to try and then try again, given it is the only way anyone has, to realise their fondest dreams or ambition.
And don't be afraid of stepping stones/lessor jobs and or experience, that eventually lead to the career path they want to follow!
No experience, no matter how menial, is ever wasted!
Rhrosty.

There will always be unemployment because of a shortage of money. Money costs nothing to produce because it is only the medium of exchange but our financial system has hi-jacked the medium of exchange and caused massive poverty on a global scale.

Private banks in the West now create from nothing,all the money to equal increases in our productivity + growth.The more growth we have, the more debt we incur.

We should never have sold off 4 State Govt Banks and the Commonwealth since our taxes have increased because our Govts now borrow from private OS banks. The debt can never be repaid unless we sell of our resources for a song.