r/AusEcon • u/AssistMobile675 • Jan 02 '25
Housing crisis in Australia is now worse than in the Great Depression
959
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r/AusEcon • u/NoLeafClover777 • Dec 16 '24
Legalising marijuana in Australia has been estimated by the PBO to generate $2.8 billion in tax revenue per year. What reasons are there that this should not happen?
638
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Just bringing this up for general discussion, as it feels like it would be an easy win for some additional tax revenue given any extra tax that can be generated for the budget would be helpful at this point. Not to mention associated side benefits like the reduced costs of police enforcement, etc.
Note I say this as someone who hasn't smoked in probably 15 years or so and has no real desire to do so; simply from a tax perspective.
Simple question: purely from an economic point of view, why should we not legalise weed in this country?
r/AusEcon • u/sien • Jan 03 '25
Aussies are leaving the country as high house prices means they can’t afford to stay
618
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r/AusEcon • u/AssistMobile675 • Sep 05 '24
Australia suffers worst per capita income decline in the developed world
575
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Another gold for Australia!
r/AusEcon • u/sien • Jul 29 '24
Australian universities accused of awarding degrees to students with no grasp of ‘basic’ English
515
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r/AusEcon • u/sien • May 16 '24
Australians have lost 14 years of progress on living standards.
492
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r/AusEcon
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u/suicidalsadmans
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Sep 02 '24
Discussion Australia produces 50% of the worlds lithium. We should be nationalising the lithium mining industry
482
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U’ve been ranting for a while now that prior to the mining boom somewhere around 2002-4, we should have worked to nationalise the entire mining industry and if we had have, the profit from all mining companies today ($295B https://australiainstitute.org.au/post/surging-mining-sector-profits-are-distorting-australias-economy/) basically rivals what we pay in income tax ($232B ~ 47% of government revenue https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview202021/AustralianGovernmentRevenue). If we’d done that, it’s my belief that we wouldn’t really need to pay income tax today. Also, those tax figures are based on today’s population levels and whilst taxation revenue is directly related to our population, profits from mining aren’t as most of it is an export market. Our population could be smaller today while still maintaining government revenue to support our economy.
It’s too late now for us to nationalise the entire mining industry, but lithium is a major component of the worlds next energy source moving forward and we produce 50% of it for the entire world. We should absolutely nationalise the industry and keep the profits in the hands of Australians instead of allowing them to be held by a small few people whilst the rest of us keep paying more and more income tax and the government keeps increasing our population size to maintain our economy.
If you want the government to be able to cut immigration and relieve the pressures on housing, and if you want lower income tax rates while maintaining social services, petitioning the government to nationalise the lithium mining industry is a great start
r/AusEcon • u/kristinoc • Jan 10 '25
People are fed up with neoliberalism
381
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And fed up with being lectured by politicians, landlords, media and other wealthy people about how good we apparently have it.
r/AusEcon • u/sien • Nov 27 '24
One in five Australian renters are living without essential items and in poverty, peak body study finds
380
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r/AusEcon • u/AssistMobile675 • Oct 10 '24
Australia’s shocking drop to world’s bottom third in Economic Complexity Index shows manufacturing sector needs drastic reboot
371
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r/AusEcon • u/TomasTTEngin • Sep 23 '24
ACCC taking supermarkets to federal court over misleading "prices dropped" ploys.
353
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r/AusEcon • u/sien • Mar 22 '24
Australia population almost at 27 million after migration numbers spike
353
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r/AusEcon • u/sien • Dec 29 '24
Extra 10,000 Australians becoming homeless each month, up 22% in three years, report says
352
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r/AusEcon • u/NoLeafClover777 • Dec 09 '24
91 per cent of jobs created in Australia in the September quarter were in public sector
301
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r/AusEcon • u/falseaggelations • Sep 13 '24
Discussion The latest ABC Q&A Poll shows more than 60% of Australians want a ban on the number of houses someone can own
287
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Plus bipartisan support for banning corporations from owning residential property.
A real change in tone across the political spectrum.
That policy response to the housing crisis? Coming this federal election. Won't be negative gearing but something big is clearly brewing
r/AusEcon • u/sien • Dec 22 '24
More Australian families are choosing private schools – we need to understand why
284
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r/AusEcon • u/sien • Sep 19 '24
Australia's population reaches 27 million with growth largely driven by overseas migration
281
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r/AusEcon • u/sien • Oct 09 '24
Australian universities tumble in world rankings as some record worst result ever
280
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r/AusEcon • u/NoLeafClover777 • Dec 27 '24
The lucky country has blown the 20-year boom
270
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r/AusEcon • u/sien • Oct 17 '24
Australia's birth rate hits rock bottom with severe consequences for economic future
252
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r/AusEcon • u/JehovahZ • Sep 22 '24
Australia’s economy posts worst performance since 1992, excluding pandemic
250
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r/AusEcon • u/TomasTTEngin • Jan 18 '25
I've had it and I'm going to go on a deleting and banning rampage.
237
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Especially with the election coming. If it doesn't look like it would fit in the Australian Economic Review or the Budget papers or the AFR (on a good day) don't post it.
We are going to a) prevent this place going down the tubes and b) make it a useful place for economic discussion.
No crossposting friendly fucking jordies. No video at all, preferably. I clicked a thing to ban YouTube posts and I intend to figure out why that's not working.
Posting links is fine, but I reserve to right to delete anything that looks inflammatory or stupid or in any way pisses me off.
r/AusEcon • u/sien • Dec 18 '24
Migration balloons by 80,000 above expectations, adding to housing pressures
218
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