Economics
Welcome to Borroloola Land
Every failure in Aboriginal affairs creates an opportunity to offer a shiny new bauble to public servants and the journalistic cheer squad. Last weekend, in light of the failure of the Voice referendum, there were three baubles – naming an Indigenous state, renewable self-determination, and a new economic development plan. The cost of the baubles is to put off the...
A Nation of Takers
One of the many inequities of Australia’s welfare system is the exclusion of family homes from the means test. Recipients of age or disability pensions can own houses worth millions of dollars while remaining eligible for pensions funded by the taxes of people who cannot afford to buy a house at all. In private, many politicians agree that excluding the...
Olympic Dam’s Gold Medal Performance
It is exactly 50 years since Western Mining first discovered the massive gold, silver, copper and uranium ore body at the aptly-named Olympic Dam in South Australia. A golden anniversary indeed! But discovering the ore was just the beginning. The fight to allow uranium mining at Olympic Dam was brutal. The ruling Labor Party, under then Premier Don Dunstan, was vehemently opposed...
CFMEU Should NOT Exist in the First Place
In light of recent scandals surrounding the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU), it is time to consider a more fundamental issue: the very existence of unions in modern society. Unions like the CFMEU are outdated organisations that do more harm than good to the people they claim to protect. From a libertarian perspective, unions disrupt voluntary...
GST is Better than Income Tax
In my last article I argued that a flat and broad-based income tax is much the same as a broad-based GST, so we have little reason to hate the concept of income tax more than the concept of GST. I argued this by setting out an imaginary scenario with five citizens, one business, and no government. But there is an...
Facing China with a Third Path: The Libertarian Road
Chinese Premier Li Qiang has just concluded a four-day visit to Australia, marking the highest-level visit in seven years and widely seen as a full restoration of Sino-Australian relations. Over the past few decades, Sino-Australian relations have experienced ups and downs, primarily reflecting two distinct paths: the friendly approach of the Labor Party and the adversarial stance of the...
The Best Lack All Conviction
Anti-Semitism is on the march because no-one in authority will stand up to it. It’s common for historians to portray the Sturmabteilung, the SA or “Brownshirts” as they were known, as a motley crew of rowdy young thugs looking to brawl. The reality, as detailed in Daniel Siemens’ Stormtroopers: A New History of Hitler’s Brownshirts, was far more concerning. In...
Hate income tax? You shouldn’t
Some taxes are more damaging than others. But when working out which taxes are more damaging than others, you should not judge a tax by its name. The impacts of income tax and GST can be much the same, because income tax and GST largely tax the same thing. So a special hatred for the idea of income tax relative to...
Victoria: Back in the Basket Again
Reproduced with permission from The BFD https://thebfd.co.nz/2024/05/09/victoria-back-in-the-basket-again/ I grew up in Victoria (don’t judge me, it wasn’t always the way it’s become), and lived through the dark days of the early 90s. Back then, it seemed that hardly a week went by without another economic calamity: the Pyramid building society collapse, the Tricontinental bank collapse, the State Bank of Victoria...
Mind Your Language
Everyone knows a suit is comprised of a jacket and a pair of pants. Two jackets are not a suit. Neither can two pairs of pants be called a suit. This was an argument I often made during the marriage debate. Marriage, I argued, was the joining of a man and woman in a special relationship. If two men or two...
