Joe Righetti

Utter nonsense and lies. The issue of 'cost of living' is an issue of inflation, the vast majority if which is a direct result of too much Govt spending and too high immigration. Both of which are controlled by govt.

@australian They alreasy took in 5% more taxes last year... but spent 7% more. The only idea they have is to lie that we need more taxes and then to tax more.

A minimum tax on trusts of 30 per cent covering thousands of small businesses and families, but exempting farmers, is an option Jim Chalmers is close to locking in to help raise billions of dollars and improve the budget bottom line. Read the full story: bit.ly/42JwmEU

The project has blown out from $2 billion to $42 billion... OF COURSE THE CONTRACTORS THINK ITS FANTASTIC!!! This is the form that corruption takes in this country. It starts with lies from politicians, moves to cost blow-outs and consultants fees and board positions for former politicians and their advisers, and ends up in white-elephant projects added to the national credit card. Its not a flaw, its a feature.

@Thejimpenman It's actually the protected bureacrat that proposes and prepares these laws. Pollies for the most part just rubber stamp them. Same at all levels of givt down to your local council.

Most politicians have never run a business. They never met payroll. They never wrestled with regulation as a small business owner. Then they write rules for the rest of us.

This sort of worries the hell out of me! No wonder productivity is low. Not blaming those employed in the public sector because the govt creates these jobs but this stat is not sustainable. We shouldn’t criticise govt workers from this stat but we should critically examine how elected officials have built this moat around themselves. I am sure many govt workers would take a job in the private sector if offered . They just want a purpose and be appreciated for what they do like everyone else. We are not heading in the right direction as a nation. When we have such a large portion on the government payroll it means that taxes have to be high to pay for those jobs , including the hidden taxes all of us pay to make this experiment work. Let’s be the most innovative, creative, hard working and productive nation on the planet and pay less tax on the way so that we can have a standard of living that grows year after year! Instead of going backwards. And let’s be the happiest and healthiest nation in the world and measure that yearly as well! Read more about this graph here: economist.com/graphic-detail…

@ChrisEconomist Call me cynical, but I see it as an excuse for the govt to hire more people into the ndis to undertake their review. The ndis is a wonderful scheme that allows govt unfetted ability to hire more and more people into it, who all then vote Labor to ensure the status quo.

GOVERNING LIKE THE NATURAL PARTY OF GOVERNMENT Today may mark the day that the Albanese Government started to do some things that have needed doing for many years I hope so I’m listening to Mark Butler at the NPC on the NDIS We used to fail our nation’s disabled. But we now fail our nation’s taxpayers – with plenty of failures still happening for our disabled as well I often describe the federal budget as the nation’s social compact. We tax families and businesses to that we can spend on the old and the young and the sick, the poor, and the disabled (as well as everything else from defence to the unemployed) But our national social compact has been badly out of whack It sounds as if some much needed change is coming Note the government is announcing hugely ambitious changes on both the number of NDIS participants and the cost of the NDIS That’ll be hard to do But governments sometimes need to take hard decisions

@ChrisEconomist In classic Sir Humphrey style, the govt will need to hire a lot more staff into the ndis in order to undertake their review.

THE NDIS BY 2030 The government is talking about an NDIS that, relative to its current trajectory, will have about one third fewer participants ('around 600,000' vs 'well over 900,000'), and about one fifth lower cost ('around $55bn' vs 'more than $70bn') That says the average cost will rise - as is entirely consistent with a more focussed scheme But total savings won't be anything like $15bn a year. They will depend on what support is given to the 300,000+ people who will no longer be on the scheme in just four years The key from here will be getting that group the right support at the right cost

Essentially, the govt got a 5% pay rise in FY25 and they spent it all and some. And now they talk about the budget in terms of there not being enough taxes and how the budget 'can't afford' things like the CGT duscount. It's all BS.

Great 2 sec summary. Taxes higher. Spending higher still, creating a deficit. Higher spending driving inflation.

Truck drivers across Australia can breathe a sigh of relief after the Fair Work Commission handed down a landmark ruling forcing major retailers to cover the cost of diesel. From today, companies including Coles and Woolworths will be required to pay for diesel costs when fuel prices exceed $2 per litre, following concerns that truck drivers were bearing the brunt of soaring fuel costs amid the crisis in the Middle East. Under the new ruling, retailers will also be required to review fuel costs twice every month to ensure drivers are adequately compensated for fluctuating prices at the bowser. #fuel #diesel #petrol #oil #truckdriver

Alan provides a summary of how this energy rich nation became dependent on other countries for fuel. 1. We stopped exploring for oil 2. We allowed our oil refineries to close There are detailed reasons for both of the above - but ultimately they were a series of choices, not an inevitability. And we’ve been the only country that’s consistently failed to meet our 90 days fuel reserve obligation for over a decade.

solutions to lock in the price of Diesel at much better price levels than are currently available (close to last year's prices). If your business uses substantial amounts of fuel, feel free to DM me for a chat.

At Wattletree Consulting, our analysis suggests that fuel prices are on a trajectory to go much higher over the coming years, possibly after an initial pull back lower. In response, we are providing our clients with ..

@FinanceLancelot The only reason Aust is running short in some locations is because of unusually high demand as every industry that can stocks up their own storages to capacity. Ships are still coming into Aust at present. This may change, but for now the supply shortage is domestically driven.

Australia's leadership is encouraging people to work from home as they consider imposing emergency measures in April to combat fuel shortages. Lockdowns 2.0

@vtchakarova Last year, the world produced more grain than ever before in history. He was just another in the long line of Malthus disciples.

Good burn!

@TheKouk Lol...

There are hundreds if not thousands of public servants busting their guts, usually with no overtime payment, working to make Australians safe and get them home. A shout out to them!

Swaps put the probability of a RBA rate hike this month at 30%, up from 10% yesterday. May is fully priced with another by Christmas 🎄

NSW right now. 8:30am, 3rd March. Maybe we should hurry up and shut down coal?

Don‘t say I didn‘t warn you what‘s coming.

The Chinese foreign minister has been on the phone with his Iranian counterpart. Who buys more Qatari LNG than anyone else? China. Who buys more Persian Gulf oil than anyone else? China. Who buys all -- yes, all -- the Iranian oil? China