www.reddit.com/r/Centrelink...
www.reddit.com/r/Centrelink...
Meanwhile, over the same period, we've set up *genuinely* punitive (at times > 100%) effective marginal tax rates on low-middle income earners.
www.smh.com.au/politics/fed...
Meanwhile, over the same period, we've set up *genuinely* punitive (at times > 100%) effective marginal tax rates on low-middle income earners.
www.smh.com.au/politics/fed...
A big shift in relative generosity of net transfers and final incomes for different age cohorts
Interesting paper
A big shift in relative generosity of net transfers and final incomes for different age cohorts
Interesting paper
giving $x to everyone *except the poorest* via the tax system is called "targeted" and "progressive"
giving $x to everyone *including the poorest* via the payments system is called "untargeted", "regressive" and "middle class welfare"
giving $x to everyone *except the poorest* via the tax system is called "targeted" and "progressive"
giving $x to everyone *including the poorest* via the payments system is called "untargeted", "regressive" and "middle class welfare"
Can't help wondering if doing this a few years ago might have been clever
Can't help wondering if doing this a few years ago might have been clever
Clear wins for achieving horizontal equity, boosting labour supply, smoothing consumption, reducing exclusion errors
Clear wins for achieving horizontal equity, boosting labour supply, smoothing consumption, reducing exclusion errors
www.bevansadvocate.com/p/politics-i...
www.bevansadvocate.com/p/politics-i...
www.theatlantic.com/ideas/archiv...
Even bigger difference for the forwards too - $63 billion by 2026-27!
Even bigger difference for the forwards too - $63 billion by 2026-27!
#ausecon #chartcrimes #dataviz
1. Spikes
#ausecon #chartcrimes #dataviz
1. Spikes
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
Regressive, expensive and without any compelling equity justification
Regressive, expensive and without any compelling equity justification
My favourite chart from @episode3net.bsky.social. It tracks the price of wheat from 1264 to 2023.
When we consider inflation, the price of wheat is only narrowly off record lows. Agriculture has been great at increasing supply, and keeping prices low
#econsky #foodhistory
From ~100% coverage in the 1970s to below 50% coverage in the 2020s 😬
From ~100% coverage in the 1970s to below 50% coverage in the 2020s 😬