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Anthony Albanese and his Labor government have not addressed the housing crisis. Too afraid to offend anyone; they are hoping to shift the neoliberal economic levers to relieve the situation. Hoping to increase housing stock and have supply reduce the high price of demand. This is not working, however, as there are too many roadblocks in the way in Australia. Not enough tradies to build the needed homes and recalcitrant councils holding up planning and building approvals are just some of the intransigent problems. How many years are poor renters going to have to suffer exorbitant rents on homes? Meanwhile, the price of residential property in Australian cities continues to surge. Albo the zombie neoliberal PM.
Albanese Too Careful To Make Much Needed Change
Australia needs a courageous, real Labor leader to address the chronic issues of inequity within Australia. Tinkering around the edges, so as not to offend the propertied class of Australians, will not cut it. We are watching a careful government more concerned with holding onto power than actually achieving much needed change. You can always tell when a government has reached this stage, as they focus their energies on making things easier for themselves to govern. Introducing FOI legislation, which makes secrecy and less transparent governance the new normal. Backing down on taxing hidden wealth in superannuation funds. Getting rid of nuisance refugees to far flung island nations. Albo the zombie neoliberal PM.
Federal Governments Have Let The Working Poor Down
Australia has been turned into a nation of ‘haves’ and ’have nots’ after years of John Howard’s tax breaks for the wealthy and asset rich.
The neoliberal privatisation of public assets began under Keating and then, Howard. Negative gearing and the capital gains tax discount greatly favoured wealthy investors over ordinary Australian families. Superannuation, which was supposed to be a retirement savings scheme for working Aussies was turned into a tax haven bolthole for millionaires and billionaires. The wealthy have had the ear of successive federal governments for decades downunder. Meanwhile, the working men and women have had to carry the can via personal income tax, whilst companies avoided paying tax by creative PwC consultancy clever accounting. Family trusts are another tax avoidance measure employed by the rich. Governments have been deaf and blind to the shenanigans going on. I wonder why?
“The rising concentration of property and investment assets in the hands of wealthier Australians is making housing crisis worse and deepening economic divides. Wealth inequality in Australia has dramatically worsened over the past 20 years, mainly being driven by investment properties (excluding the family home). “
Will Albo Stand Up & Be Counted?
Now, we find ourselves, surprisingly, in the second term of an Albanese ALP government.
The Libs have self-destructed on a diet of nuclear powered pie in the sky policies at the last federal election.
Albo got clobbered over the Voice in his first term and once bitten… Donald Trump boosted his chances of being re-elected and they say timing is everything in politics. It is time to do something more than play zombie neoliberalism in Canberra. It requires real gumption and guts. I don’t know if the bloke has it in him? The other mob are shifting further Right and One Nation may soon be the opposition. The ALP has the largest parliamentary majority in the lower house ever. Surely, now is the time to instigate real change to even things up for the next generation of Australians.
Albo the zombie neoliberal PM. Will that be the man’s legacy? I hope not, otherwise move aside and let another have her or his chance.
Why Are Aussies Getting Poorer?
“Why is everything so expensive now? What price life? Why are we getting poorer? First and foremost, the entire economy is set up to greatly favour owners over all other parts. Investors are owners, of course, and the company executives operate on their behalf. Shareholders are king and everyone else runs a poor second. Thus, profitability is always the prime consideration and profits have to constantly increase to satisfy the shareholders. Plus, executives manipulate the stock price through buybacks to enrich themselves wildly. This is where we get all the billionaires from. Elon Musk is a prominent illustration of this, the richest man in the world.”
Robert Sudha Hamilton is the author of What Price Life?; America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump; and other titles. NOW AVAILABLE AT APPLE BOOKS & GOOGLE PLAY BOOKS. Google Play Books AUDIOBOOK
©Midas Word
