Keith Duncan, Pimlico
Universally discredited ‘trickledown economics’ theory and anti-worker policies were needed, and arrived with the implementation of JobKeeper, where the lion’s share of $83 billion taxpayer dollars was gifted to many of Australia’s richest businesses earning the biggest profits.
It also proves that this same federal Coalition government is nothing more than the political arm of Australia’s richest businesspeople; Harvey Norman enjoyed its most profitable year ever.
Bloomberg’s Billionaire Index revealed, ‘Australia’s billionaires have had a remarkable 12 months since COVID hit and have seen their wealth almost double’.
In stark contrast, workers have seen their share of national income dip below half for the first time since 1959. Last year, the Australian Bureau of Statistics reported that company profits had jumped by 14.9 per cent, while workers’ total wages and salary fell by 2.5 per cent.
Had JobKeeper been better targeted, there would have been more money to better support sectors such as tourism, travel, hospitality and the arts, where many small businesses and their employees went broke. I could go on, but when the government is the problem, with a track record of continually attacking workers’ entitlements (remember Work Choices?), the only sensible solution is to eliminate the problem, ASAP.