Articles from Peter Martin
One of the strangest, certainly one of the hardest to justify, measures in last week’s budget was called “supporting retirees”.
A better title would have been “supercharging the wealth of those retirees who already have more than enough to live on”.
We are about to find out whether we’ll lose a tax break worth up to $1,080 a year.
Like many journalists who’ve honed their careers at the ABC, economics writer Peter Martin began in a small local newsroom and moved through the ranks to become a specialist reporter and a foreign correspondent. Having subsequently worked in commercial media, he has a renewed appreciation of the ABC, both professionally and personally.
The good news is supposed to be that when the government gets out of the way “can-do capitalism” will have us roaring back to where we were before.
That’s the prime minister’s newest slogan, and we had better hope for more.
The unpleasant truth is that before the pandemic Australia’s economy was disturbingly and unusually weak. Can-do capitalism wasn’t doing what it should.