The problem with the short term thinking regarding large across the board cuts in government investment, is that in many cases it creates false economies, e.g, the support for the less well off and unemployed is a ‘stimulus’ that the Government actually “claws back” in taxes almost immediately. The people who receive this support spend it almost immediately in their local area. By reducing that flow, means many businesses will be hurt by the drop in cash flow.
Reducing unemployment payments by half ads up to more than
$150 million cash flow out of the top dollars of small business.
Unfortunately the Government wants to see its own numbers go down and ignore the adverse consequences of the harm they pass on to business.
In fact, studies show that increases in the minimum wage actually puts more money in the pockets of people who then spend it — resulting in more jobs and counteracting any so called negative employment effects of an increase in the minimum wage.
Researchers at the University of California at Berkeley — Arindrajit Dube, T. William Lester and Michael Reich — have compared adjacent counties and communities across the United States, some with higher minimum wages than others but similar in every other way.
They found no loss of jobs in those with the higher minimums.
The truth is, the lurch toward widening inequality can be reversed. But doing so will require bold political steps.
At the least, the rich must pay higher taxes in order to fund better-quality education for kids from poor and middle-class families. The minimum wage must be raised.
Don’t listen to the right-wing lies about inequality. Know the truth, and act on it.
Many people have ruined their lives when they could have prevented it …. simply by opening their minds. .
Prime Minister Tony Abbott’s Comcar records on 21/04/12 show that from 17.57pm til 19.12pm he was driven from Melbourne domestic airport “as directed” to an undisclosed location. From 23.36pm til 23.51pm, he was driven from an undisclosed Toorak address to Melbourne City. It was nearly midnight.
What was Tony Abbott doing in Melbourne that night? Who lives in Toorak? Kroger? Hugh Morgan?
From 12.25pm til 17.55pm the next day 22/04/12 he was driven from Sydney domestic airport “as directed.” That’s five and a half hours.
In Melbourne on 21/04/12, Abbott’s Travelling Allowance as “Office Holder – Official Business,” included one night’s accommodation for $424. He had spent the previous night in Hervey Bay for $349. On 21/04/12 he competed in the Hervey Bay Surf Lifesaving Pier to Pub Swim, at a cost to taxpayers of $2023 in flights.
On 21/04/12 he flew from…
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