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The RBA Funded Right Wing Think Tanks For Decades

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We hear a lot about the independence of our central bank, but not so much of their political bias. The RBA funded right wing think tanks for decades. These are the intellectual influencers dedicated to promulgating neoliberalism and anti-unionism downunder. If you want to know why the gap between rich and poor has widened so immensely in Australia look no further than  these institutions and their influence upon the Aussie economy over the last 30 years.Continue Reading

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Trump

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In: democracy, featured, Government, latest post, media, politics, power

Simplistic, trite and flag waving rubbish, as per usual, from the Aussie media. Anthony Albanese meets with Donald Trump in Washington and cheering from the little people angle erupts downunder. Australian media headlines hail rare minerals deal with Trump. In all likelihood, this will be another deal with American multinationals who won’t pay tax and will screw us on the royalty arrangements. Few jobs will come out of it in this highly mechanised mining sector in the 21C. It may increase our GDP numbers but this will mean diddly squat in actual terms to the vast percentage of our population. Wealthy investors might pop a few bottles of French Champagne over it.Continue Reading

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Australians Are Disgusted By Trump’s America

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In: democracy, economics, featured, Government, latest post, politics, power

I recently visited my relatives on the west coast after many years’ absence. We are all getting on in years and I would not describe my family as political in any real sense of that word. I was shocked at the level of vitriol expressed in regard to what is happening in the United States. My take on this is that ordinary Australians are disgusted by Trump’s America. The dysfunctional nature of Washington DC and wanton cruelty happening in the US, under Donald Trump, has Aussies upset. It is hard to get your head around the extremism of the actions taken by the Trump regime.Continue Reading

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AI Will Decimate Income Tax Revenue Downunder

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In: democracy, economics, featured, Government, latest post, media, politics

None other than James Packer, son of the great anti-tax champion billionaire Kerry Packer, is warning that AI will decimate tax revenue downunder. Why? It is because Australia depends upon the income tax from workers for the lion’s share of its tax revenue. AI has already started shedding jobs in middle management and the numbers are going to ramp up substantially very soon. The loss of hundreds of thousands of jobs to machines will impact the bottom line severely. Especially, as multinational corporations and rich people avoid paying tax in Australia.Continue Reading