If you’re caught up wondering/hoping how much you’re going to get from the budget, you’re on the path to putting security over freedom. Because when you want the government to provide for you, it’s pretty…
This week’s federal budget gave us plenty to sink our teeth into. We’re relieved to see the government finally doing something about the HECS.
The path to a balanced budget is not easy. We are deep in red ink due to over-promising on benefits and under-delivering on revenues.
As much as we enjoyed the book, even we didn’t expect to find such a simple and effective budgeting tip in there. But we’re glad we did. It has changed the way we think about…
The loss of the AAA credit rating won’t see interest rates head higher, and won’t cause banks to increase loan rates. So, it won’t crash the housing market.
My money is on the age pension being pared back substantially in the coming years and decades…after 2020, tougher measures will be introduced.
Australia’s economy is a pretty good example of Hyman Minsky’s ponzi economy. That is, the need for constant borrowing to keep things afloat.
The government’s budget deficit failures are set to slug 25—34 year olds with an extra $100,000 of lifetime taxes.
With each slice of the budgetary knife you’ll need to reassess whether superannuation is still the savings and income vehicle of your choice.
It’s the Australian ‘Budget’ season, and the countdown to May is ticking. The Treasurer will deliver his second budget on May 12th.
You’ve paid taxes. But in the near future the postman might not turn up for days. It’s all to do with the $218 million loss Australia Post pulled off last year.
The US dollar has value because the government levies $3 trillion in tax liabilities annually and accepts only US dollars in payment — which only it issues.