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Tag Archives: Economic policy
A sustainable budget surplus is beyond the government’s control, as Joe Hockey has come to realise
Warwick Smith Originally published at The Guardian. Joe Hockey, the treasurer, now concedes he may not be able to deliver his promised budget surplus any time in the foreseeable future. This news is good for private savings because, when the … Continue reading
Posted in Australian politics, Economic theory
Tagged Economic policy, government budget, politics, The Guardian
2 Comments
Reviewer for a FactCheck article in The Conversation
I reviewed the below FactCheck for the conversation. Unfortunately there is little space as a reviewer to say much but I would like to have gone into more detail discussing who really loses and who benefits from changes in company … Continue reading
Posted in Australian politics, tax economics
Tagged Economic policy, taxation, taxation policy, The Conversation
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Op-ed in The Australian that attacks my guardian article is incoherent
The below op-ed was published in last week’s Australian. It is critical of my piece in The Guardian the week before. I contemplated publishing a reply but after reading the piece properly there’s actually very little substance to reply to. … Continue reading
Posted in Economic theory, Op-ed, philosophy of economics
Tagged deficit, Economic policy, Free market, government budget, The Australian, The Guardian
1 Comment
Interview on economic rent taxes on Sydney’s 2ser breakfast radio
This morning I was on 2ser‘s breakfast program with Mitch Byatt discussing the proposal in my recent Conversation article that we should be increasing taxes on economic rent (unearned income). As usual with such a subject much of the interview … Continue reading
Guardian article on economic myths
Repeat after me: the Australian economy is not like a household budget By Warwick Smith Originally published at The Guardian. Our political and economic thinking has been warped by bad analogies to the point where we can’t see the real … Continue reading
Why the federal budget is not like a household budget – The Conversation
By Warwick Smith, University of Melbourne Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut government … Continue reading
What will you lose when the carbon bubble bursts?
By Warwick Smith Last week I attended a panel discussion on whether or not the bursting of the carbon bubble would cause the next global financial crisis. The event was organised by the University of Melbourne’s Faculty of Business and … Continue reading
Posted in climate change
Tagged climate change, Economic policy, politics, Ross Garnaut, superannuation
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Our houses can’t make us all rich
By Warwick Smith First published at ABC’s The Drum Thu 23 Oct 2014, 10:42am While a recent report might suggest Aussies are the richest people in the world because of high house prices, the reality is the true beneficiaries of this … Continue reading
Posted in Australian politics, Land tax
Tagged Economic policy, land tax, real estate, rent-seeking, taxation policy, The Drum, wellbeing
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Article at The Drum on tax and dividend carbon pricing
Carbon price round two: let’s get it right this time By Warwick Smith Originally published at ABC’s The Drum Posted Fri 29 Aug 2014 Photo: A tax and dividend system could quickly result in a price high enough for renewable … Continue reading
Posted in Australian politics, climate change, tax economics
Tagged climate, climate change, Economic policy, environment, taxation policy, The Drum
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Guardian article on infrastructure funding
This article was originally published in The Guardian Australia. How to make Australian infrastructure pay for itself – with no selloffs, and no tricks ‘Asset recycling’, as an approach to infrastructure investment, will only end up benefiting the banks. Taxing land … Continue reading
Posted in Australian politics, Land tax, tax economics
Tagged Economic policy, infrastructure, land tax, taxation, The Guardian
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Reconstructing Economics 