That was the title of Phillip Coorey’s article in the AFR about Ken Henry’s withering speech to the Committee of Economic Development. For those who came in late, Dr Ken Henry was secretary of treasury from 2001 to 2011, appointed originally by Peter Costello and served during the Rudd/Gillard years. He is now chairman of the NAB board.
I think it was the news story of the week. Continue reading Henry: politicians fail while Australia burns
The release of the Grattan Institute report Hot property: negative gearing and capital gains tax has raised the temperature of the scare campaign for a day or so on Labor’s Positive plan to help affordable housing, aka negative gearing.
Turnbull says Labor’s policy will drive down house prices:
“What Labor is proposing is a huge reckless shock to the market. This is not fine-tuning. This is a big sledgehammer they are taking to the property market,” Mr Turnbull said.
Grattan found otherwise. Continue reading Negative gearing: the election scare campaign continues
Climate change, sustainability, plus sundry other stuff