Inflation has risen to 5.1%, according to the latest figures from the ABS. The 5.1% annual consumer price index (CPI) figure for the last quarter was above market expectations of 4.6%. According to economist Richard Dennis, this is roughly twice the rate of real wage growth across the economy leading to the worst real pay cut for workers this century. According to Michele O’Neil the president of the ACTU this represents a pay cut of nearly $2000 in the first half of this year. Trimmed mean inflation used by the central bank to set rates, which ignores volatile changes, rose to 3.7% which is above the RBA’s target range.
Source: Inflation rises at twice the rate of real wages – Michael West
Carbon Pricing has only ever been The LNPs Cry Wolf. It’s not a tax you can choose not to pay it. Duty on Luxury goods is not a Tax you can choose not to buy a Lamborghini. You cant choose not to pay your Taxes. OOP! I got that wrong the rich can choose under the LNP rules. Especially Corporations. The LNP are taxing us with the “Cost of Living” Taxing us with downward pressure on Wages. Taxing us with Cheap imported Labor, Taxing us with the Casualisation of Jobs
The Australian’s front page screams ‘’Labor carbon tax warning’’, citing comments by Whitehaven Coal chief executive Paul Flynn that Labor’s plan is a carbon levy by stealth. If only, some Labor supporters might say. Imagine a full-blooded response: ‘’Yes we damn well do plan a carbon tax. We had it before and we’ll have it again.’’
No comments:
Post a Comment