Both the Government and Labor have made impressive commitments to infrastructure, but it focusses heavily on roads and rail. Australia’s economic potential depends on more essential services.
Tag Archives | government spending
The $2.3 billion allocated by the NSW Government to rebuild two stadiums will haunt them until the next election. Focussing on Allianz Stadium, what’s the business case and will crowds increase materially when it’s rebuilt?
Australia’s economy will struggle under an increasing age pension burden because the current level of compulsory super is inadequate to fund a comfortable retirement for most.
Australia in 2014 is the lowest taxed nation in the developed world. Facing ten years of budget deficits, is the Abbott Government unwilling to raise tax rates, or will Joe Hockey make us share the pain come budget time?
* How not to run a pension scheme. In California, just 10 individual pensioners will cash $50 million in pension checks from state and local governments over the next 25 years.
We will have a significant retirement funding problem for at least the next 30 years. We need super to reduce the future tax burden on those employed who will be asked to support an ageing population.