Labor Member of the NSW Legislative Council. Parliamentary Secretary for Industrial Relations WHS and Multiculturalism.
Joined March 2014
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Pre policy change “poor kids will never afford a home” A govt finally has the guts and does something about it. Then everyone > 50 screams blue murder - loudest those who gain from high prices - real estate agents / property investors. Ask the average 30 year old what they think.
Mark Buttigieg retweeted
I wonder why people don't look at data when they talk about the economy.
The role of public sector demand is a case in point.
Here are the quarterly contributions to GDP growth from public & private demand in the last couple of years:
Public Private
Dec 24. 0.0% 0.5%
Mar 25. 0.0% 0.4%
Jun 25. 0.1% 0.5%
Sep 25. 0.4% 0.8%
Dec 25. 0.2% 0.4%
Mar 26. -0.1% 1.0%
Jun 26. 0.1% 0.2%
Qtr avg: 0.1% 0.5%
Why do we allow unelected officials to punish unemployed & working people because purchasing power of A $ declines due to circumstances totally out of their control ? At expense of full employment ! Time to reform RBA. Monetary policy alone is antiquated, ineffective & unfair
Argentina’s star today has been Martinez - a phenomenal display of goal keeping skills which has kept them alive.
Spain will be a much harder nut to crack than England. This will be a very well matched final. Who knows where it ends up but one thing is for sure - Messi is undoubtedly the greatest football player that has ever lived.
50% Cap gains tax discount + Neg Gearing breaks STILL apply to Existing inv properties + purchases of new builds. NOT new purchases of EXISTING dwellings.
This protects existing investors +encourages new housing + stops tax payer subsidised house price inflation. Stop whinging.
So yet again the RBA purports to cure a supply side shock (oil price) with another supply side shock (interest rate rises) and who pays - the average punter with a mortgage and new home buyers 😩
Have we learned nothing from economic history ? We administered this mis prescription in the 70s and it failed badly. Why are we repeating the same mistakes ?
I was always taught that you don’t fix a supply side shock (oil $ ⬆️) with another supply side shock (interest rates ⬆️) because all it does is restrict supply further and raises prices and unemployment- otherwise known as stagflation. So what’s the RBA thinking ?
The alternative treasurer of Australia Tim Wilson “We need to have a serious conversation about whether the Reserve Bank’s mandate is fit for purpose, and whether the focus on full employment has come at the expense of controlling inflation.” What a callous pronouncement.
In world where words like courage and bravery get thrown around often - this bloke has to be the very example of what those words really mean.
Optimism par excellence - always preferable to realistic pessimism - if only to maintain one’s raison de’etre.
