What we know for sure is that 11% of buyers does not mean that the presence of foreign buyers has made prices 11% higher.
... New analysis suggests Superannuation has failed and should be phased out. It siphons money out of the real economy to the financial industry.
Since 2012 the ACT has been phasing out stamp duties and phasing in land value taxes.
How can it be the case that when housing is in high demand it is also rational to keep more housing vacant? What sort of effect on price could that much foreign buying have? Cameron Murray was a former boyfriend of Debbie Dingle whom she met and had an affair with whilst she was living in Jersey. They are at severe risk of poverty because rent assistance is inadequate. 51.7k Followers, 911 Following, 43 Posts - See Instagram photos and videos from Cameron Murray (@cameronmurrayy) If wages grow by less, pensions do too. Labour compensation has lagged behind productivity for a generation; Australian employers can well afford to both raise wages and boost super contributions.
Unwind the system and give people their money back. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development in the hope of future development potential. I want to show how this idea provides clues about how to tackle excessively high home rental prices,I have just read a fantastic economics book. A Job Guarantee (JG) is a way to guarantee a certain income level to anyone willing to do tasks that some administrator decides are good. Without compulsory super, low-income earners could use more of their already thin wages to spend on food, healthcare, and other necessities. It has none of the insurance functions to share risks and ensure low-income earners are supported in retirement. This was effectively debunked by Even if regulation to make super optional ensured that an equivalent amount of money went into the pay-packets of workers, they would then have to pay more income tax at a higher effective marginal tax rate, leaving many with lower lifetime incomes and the loss of the compound interest that makes superannuation such an effective savings tool.Other arguments against universal super cite the high fees charged (primarily by retail funds) and the cost to the federal budget of the excessive tax concessions that overwhelmingly favour high income earners and those with lots of capital wealth. Yet neither organisation has applied the appropriate economic theory to the property market, leading to conclusions that are almost the complete opposite of reality. But after the election, they’ve launched a no-holds-barred attack on what’s left of union power and labour standards.If governments want to boost retirement incomes, increasing compulsory super appears the worst way to get there.New debates about superannuation must be considered in that context: as just one dimension of a broader, forceful attack on progressive labour regulation.
For them, employers’ obligation to their workers starts and ends with each hour of active productive work.
They shouldn’t be let off the hook for either.At the heart of the debate over compulsory superannuation sit big trade-offs.
Let’s retire this debate and the endless word-games. In this book you get a much deeper and more comprehensive look at how networks of favouritism form, whether legal or illegal, informed by myOn Friday 28th April I am appearing and Queensland’s Crime and Corruption Commission’s Operation Belcarra as an expert witness on relationships between councillors and property developers, and how that leads to favouritism. A universal public pension funded from current revenues (rather than accumulated financial accounts) would be best.
Our work shows that raising compulsory super to 12% would reduce wages today and do little to boost the retirement incomes of many low and middle-income workers tomorrow.Higher super contributions will not improve their retirement income: the extra superannuation income will be largely offset by lower part-pension payments.What’s more, the age pension is indexed to wages. Many higher income earners in professional fields already receive employer super contributions of more than the guarantee – for example, workers in the tertiary education sector typically receive 15% under their Enterprise Bargaining Agreements, as do many public service employees and government staff.Upcoming research from Per Capita will show that a worker on the median wage has lost over $7,000 in super since the SG was frozen at 9.5% by the current government, compared to what they would have received had the SG increased in line with the previous Labor government’s legislated timetable.
They didn’t breathe a word about IR during the election – as thousands of workers marched to “Change the Rules”. This canIt is about time someone was honest about Australia’s superannuation system. I met him last week after a presentation in Sydney where he took on the myth that planning constraints are a major determinant of current home prices in Australia and New Zealand. Download the report as a PDF here.