SUPER FUND RESTRUCTURE
The great news is that with the election out of the way we can clear up some of those nasty super funds with their fees for no service. Where to start? Surprisingly, despite the Finance and Banking Royal Commission’s general approval of the union funds’ stewardship, that is where our restored Federal Government has its sights. Plans are to “liberalise” appointments to industry boards. Only friends and family need apply.
RESERVE BANK GOVERNOR WARNS ON UNEMPLOYMENT
Phillip Lowe is worried and thinks the upturn in unemployment is more than a blip. His call for public spending on infrastructure was greeted with: “We believe we have the right economic plan to see us through these challenging times.”, said a confident Josh Frydenberg. Leaving aside the troubling question of who “US” includes, the tax cuts and promise to restrain fiscal policy points to austerity for the rest of us. That’s the plan.
THE BRAKES ARE OFF
We might have had young people clogging up auction space
with their paltry part deposits . Instead, we will have success stories like this:
Lisa Dixon, who owns three investment properties, is delighted with the Liberal Party’s success.
“A Labor federal government would have had the pitchforks out for people like me. I’ve worked hard and NEVER had a handout”. No, Lisa, I am sure you haven’t. This business development and marketing manager is now eyeing a fourth property.
ALBO ON HIS GREAT TEAM
“The thing about our team, it has so much talent and capacity and I want to harness all of that talent and capacity in order to hold the government to account.”, said AA.
ANU MODELLING REVEALS KEY VOTING PATTERNS
Professor Ben Phillips of ANU explains electorates with a lower percentage of persons with a bachelor’s degree correlated with a swing to the Coalition. He found a similar correspondence for electorates where there was low percentage of persons with income greater than $100k. This effect was not evident when combined with education. Religion also played a role but unlike the Catholic and Protestant divide of the 1950s this was more secular vs religious.
See details. All of this was overlaid by a general disaffection with politics. Knock me down with a …
NOTHING TO SEE HERE
“There is a strong view in the public they want politicians to just get on and do their job rather than come at them with their latest vision”.
Prime Minister Scott Morrison
CHARLES KOCH WANTS TO HELP
After having funded some of the ugliest policies, think tanks and people humanity has seen, Chuck now wants to help. We can thank him for such elevated souls as deranged James Buchanan and the ludicrous Jordan Peterson. Come on, we’ve had our laugh. What’s the real game? It is hard to accept that someone who was pushing a PAYGO project mere months ago that would have devastated welfare and social programs is now a champion of the underprivileged. We will celebrate his achievements. Every one.
Having sheathed the dagger he once used as a former political assassin, swashbuckling Paul Howes is now part of a 12 person leadership team at KPMG. The former Australian Workers Union national secretary explained that his aim is to increase the company’s presence as a service provider to private and emerging businesses. I don’t think this means making coffee or washing floors. “We are running with a strategy to be the leading mid-market firm in this area. This is the engine room of the Australian economy and there is an enormous opportunity to work with emerging businesses”, Howes said. An audit, tax and advisory service making the “engine room” of our economy? The financialisation of our lives continues apace.