Getting wages growth back near average requires the unemployment rate to fall .
"It is clear that any boost to disposable income in the quarter from the rebate and lower mortgage payments was saved, effectively paying down debt faster if done so in an offset account rather than spent," RBC strategist Robert Thompson noted. Higher earners are the biggest beneficiaries of the Government's tax cuts, but lower income households may pay through reduced public services if Treasury's forecasts prove too optimistic.
Dr Stanford argues the federal government, rather perversely, has actually encouraged this counter-productive reaction, with both the size of its tax cut, and its design.
Oh what a load of fraudulent liars as if anyone can afford to even go on strike in the lucky damn country where most can’t even afford to damn live anymore can’t even supply people with guaranteed base load power supply’s or even water because you have made our life’s better
That's the way, blame the people for decades of unscrupulous, criminal behavior by the banks, that has gone completely unchecked and ignored by both the phony regulators and the political leeches/puppets residing in parliament. This debt bubble begins and ends with the banks.
Interesting what's happening, yet here's a Government pressing ahead further with its ensuring integrity bill. As if that's going to change consumers minds when they don't have enough money to cover the bills already. A Government at a dead end, totally devoid of ides.
I am not on strike - I would love to go shopping but I have no money left after paying the bills - Tax, mortgage, rates, insurance, car, registration, fuel, utilities, food and then there is nothing left for nice things like dining out, nails, hair, clothes 😓😓😓
Is the ABC is actually willing for a recession ?.
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Australia's economy needs 'productivity boosting reforms' | Sky News AustraliaThe Coalition needs to enact policies that will boost productivity in order to revitalise Australia's sluggish economic growth, according to economist Andrew Stone.\n\nFigures released on Wednesday by the Australian Bureau of Statistics show the economy has grown by 1.7 per cent since January 1.\n\nRising exports and government spending contributed to the rise, with weak consumer spending the major drag on growth.\n\nMr Stone said government needs to look at 'productivity boosting reforms that actually effect the supply-side of the economy that actually affects growth'.\n\nHe said reforming the energy market is paramount.\n\n'There are basic things that we can do that would get prices down and improve the reliability of supply'. Having decent water storage and not having farmers struggle so hard during our droughts might be a good way to boost the economy. People spend money when they are confident that society is running decently and the infrastructure is up to scratch. It’s not rocket science. Coalition Doesn’t HAVE Any Policies! THAT is the problem. It only has Arrogance, Lies, Secrecy and Bullshit. Duh! but they won’t. They can’t.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Risk of real consumer harm': ACCC sends warning on loyalty schemesThe ACCC says that major retailers and airlines could use data collected to discriminate against customers with inflated prices, while also hurting competition by 'locking in' customers with loyalty points.
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Season for scams: ATO warns on new twist after $2m lossesCardless cash facilities are the latest twist on a scam catching out taxpayers and small businesses.
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Treasurer declares economy 'remarkably resilient' despite growth shortfall | Sky News AustraliaEconomic growth fell short of expectations in the three months to September as consumers failed to spend their income tax cuts.\n\nThe treasurer declared the economy was 'remarkably resilient' in the face of challenges, but Labor argued it was deteriorating on the government's watch. \n\nThe economy grew by 0.4 per cent in the September quarter, shy of the 0.5 per cent expectation. \n\nImage: Getty smh couriermail abcnews canberratimes theage 'remarkably resilient'? Scott Morrison & Josh Frydenberg the Prime Minister & Treasurer who may achieve a surplus OR Scott Morrison & Josh Frydenberg the Prime Minister & Treasurer who drove the economy to recession. auspol JoshFrydenberg ScottMorrisonMP albo DougCameron51 GladysB Yes 'economy remarkably resilient' if you are a wealthy business person making money from the 'remarkably ' low wages & under-employment! Everyone else are stuffed! All went on bills
Source: SkyNewsAust - 🏆 7. / 78 Read more »
You should think twice about that holiday tattooIt might be an increasingly popular activity for travellers, but this is potentially one holiday souvenir that could backfire in a devastating way. Good tattoos aren't cheap, cheap tattoos aren't good. If you don't literally see the artist unwrap needles/equipment from sealed packaging then get the hell out of there. That's why you go to well renowned tattoo businesses overseas such as Celebrity Ink and Bloodline Tattoo. All advertise 'Australian Health Standards' and based on personal experience, are more hygienic than most Australian stores. You can't even wear shoes inside them!!
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A friendly reminder from the FBI: Your smart TV could let hackers inYour smart TV probably watches you more closely than you watch it, the Federal Bureau of Investigations warned consumers last week. How the CIA made Google-Inside the secret network behind mass surveillance Truth About Facebook - CIA, U.S. government - Everything Related
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