Financial sector expansion slows economic growth and widens inequality
The Pen has published a number of articles in its short existence, which put forward the proposition that the excessive transformation of Australia into a…
Economy
Four million premises won’t even have access to even flawed top NBN speeds
Contributed from Queensland The National Broadband Network (NBN) chief, Bill Morrow, told the parliamentary hearing last week that more than 4.2 million Australian premises will…
Australia’s mega rich avoid income tax
Contributed by Adam Carlton It is no secret that the richer you are, the more you are favoured by Australia’s taxation system. According the Australian…
We are not being told the true story of unemployment
Contributed by Joe Montero The claim that Australia’s unemployment rate went down from 5.9 in March to 5.7 in April is not true. My short…
Property crash fears downgrade Australian banks
Contributed by Joe Montero Fears of an Australian crash in property prices have been around for quite a while. Regardless, property prices have continued to…
Bernie Fraser and John Edwards say increase taxes on wealthy
The following from Elysse Morgan (ABC 17 May 2017) shows just how widespread has become the rejection of increasing the income of those at the…
China’s $1 Trillion plan to shake up the global economic order
Contributed by Joe Montero less than 48 hours ago ago, China’s president Xi Jinping addressed a gathering of state leaders, including Russia’s Vladimir Putin in…
Tax Justice Network wants gas companies to pay tax share
Contributed by Joe Montero A review of the Petroleum Resource Tax (PRRT) by former treasury official Mike Callaghan has found that there are problems with…
Labor replies to budget and proposes a modest reversal
Contributed by Joe Montero Labour leader Bill Shorten’s answer to the Turnbull government budget contains some worthwhile statements that deserve support. The restoration of $22…
This year’s budget cannot hide that behind the fiction it is more of the same
Contributed by Joe Montero A simple way to describe the 2017-18 federal budget is that it comes from a government running scared. It pretends to…
