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So instead of taxing gas and tying up its future revenue in long term contracted expenditure for electrification (to protect it from future governments) - he wants to give tax cuts to every man and his dog including Gina, and making the budget permanently addicted to fossil fuel renevue. Snake oil
“We desperately need public investment in core parts of our economy. In renewables, storage, electrification. And we need no new coal and gas. That is the basic minimum” - Australian Greens Leader David Shoebridge speaking at the National Press Club today.
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The view on Bluesky is generally that a company that makes profits is bad because profits mean you’re evil and a company that doesn’t make profits is bad because that means you’re a fraud.
The founders of the largest companies on earth have not failed in their fiduciary duties given that their fiduciary duty was to grow their companies to the sizes they are now.
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“What do you want to say that you think you can’t?” answered again, in the traditional way.
Once again, either senior journalists are utterly incompetent or they are complicit in the mainstreaming of far right politics Anyone who paid attention to the FSU would have known it was a front for laundering far-right politics from the start
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I think it’s even worse than this. This often means, “after I deduct expenditures *and savings* from my cash flow, my cash flow is net zero.”
I think the real finding from surveys like this is that a lot of self-pitying rich people don't know what "paycheck to paycheck" means. If you are spending hundreds of thousands of dollars annually on voluntary expenditures like prep school tuition, you don't count. finance.yahoo.com/economy/arti...
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These stories are shitting me. Card fees are just a business cost. You add up all your business costs, fixed and variable. You decide on a fair profit margin and set your prices accordingly. The customer pays the price on the price list. 1/2
NSW small businesses contend with how to cover merchant fees after card surcharge ban
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"The paperwork" can be silly at times but is often "vital work." If you hear "we won't cut the frontline staff though" be afraid. It means stuff like "an RN will now spend most of her shift trying to get a lightbulb replaced and a medical gas tap fixed so the bed is open."
I'm reminded that when politicians say they are going to make savings by reducing admin, if they are just firing admin staff then that's just shifting work to people who have other work to do. Do you want admin staff or surgeons doing paperwork? What could that do to surgery waiting lists?
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There are people with very interesting things to say about the "is Zionism racist" question that deserve careful consideration. Representatives of a government that is both Zionist and racist, as well as genocidal, are not those people.
Israel's president declared that the 'antisemitic lie' deliberately endangers Jews and Israelis https://aje.news/cq9uol
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Why is reducing ideological bias a goal? To what end? Politics is almost always a fight over values, not facts. I don’t care if I am “biased” towards social justice, whatever that means.
The best cure for ideological bias is find someone on the other side and go to lunch with them. Sometimes we disagree about facts. Sometimes we disagree about values. Figuring out which is which is fun part. https://newsletter.platypuseconomics.com/p/my-libertarian-friends-were-right
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Yglesias has lost his mind. This is not "progressive economic thinking," this is what you see on Twitter. substack.com/@matthewygle...
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Replying to @claudia-sahm.bsky.social
Screenshot from Fed Governor Waller’s speech: www.federalreserve.gov/newsevents/s... Some interesting points on AI, too.
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"I am taking part in the sporting boycott of Israel… I am doing this because Israel is committing genocide in Gaza." Australian women's chess champion Heather Richards' boycott is reported overseas. But apart from indies like @index.lamestream.com.au.ap.brid.gy , gets little attention at home.
World Chess Olympiad competitors boycott Israel Top women's chess player, Heather Richards, highlighted the double standards that Israel can play in the 46th Olympiad but Russia is banned
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Israel moves to bar both main Arab lists from October election https://aje.news/wilvsu
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it is just fundamentally not the case that Zohran's governance has been characterized by either a) large new spending programs b) an insouciant approach to deficits he is instead plotting a new course for left politics which takes efficiency and budgeting deadly seriously
My entire life I've heard centrists scolding leftist candidates with "oh, but how will we pay for all that? isn't your agenda unreasonable? shouldn't we run on a modest proposal for means-tested tax rebates?" Then Mamdani gets elected and makes it all look pretty easy. No wonder they hate him.
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"private jets account for 16% of the [US] Federal Aviation Administration’s operations but contribute just 0.6% of the taxes that fund it"
Private jets exemplify what economists call a free-rider problem: They crowd & pollute the airspace & environment that belongs to everyone without paying an appropriate cost. In fact, we keep giving them tax breaks Gift link to my @opinion.bloomberg.com column: www.bloomberg.com/opinion/arti...
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Just some "concerned Christian businessmen" giving neo-Nazis wads of cash to harass the PM. www.theage.com.au/national/tai...
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I've had these conversations in my community and, at a certain point you realise you can point out all the ways in which Hanson is lying and using racism as a cover, that they'll be worse off, etc., and then they say something that boils down to "well, she might be a liar but at least she's racist."
As long as there is no end to the white progressive effort to rebrand bloodthirsty and authoritarian xenophobia as "economic anxiety", Pauline Hanson's going to keep fucking winning. www.theguardian.com/australia-ne...
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here is the thing. if you tell me that you believe that race is a biological category and that it is a guide to the objective superiority and inferiority of groups of people, i am not calling you a racist to *insult* you, i am calling you a racist because it best describes your beliefs.