Monday January – 2020 began with smoke billowing around the small Australian country town where I live. The smell was constant, and threatening. When the fire inevitably came, it destroyed everything in its path – houses, fences, orchards, stock and their poddies, cars and people. It was a disaster waiting to happen; no burn-offs had been allowed in the … [Read more...]
Tax the Rich
Sunday The Australian Bureau of Statistics has just claimed that Australians are richer than ever. It produced figures showing how much their property and shares were worth. They forgot to mention how much their debt was worth. The ABS seem unaware that the measure of true economic health is to subtract debts from assets, not just ignore the debts. It should be … [Read more...]