More than a dozen years ago, in response to the global finacial crisis of the noughties, Julia Gillard guaranteed Australians' bank savings. This allowed the banks to behave in a cavalier fashion. Then the Royal Commission pointed out more damage they were doing. But still they rode us like cowboys. Shouldn't the treasurer be looking at a super-profits tax on Australian banks?
The Albanese government has been a huge disappointment to anyone hoping for real and substantial change in the way our politics and society function. It wasn’t a campaign promise but it was inherent in the whole ALP election campaign that things would be different. They aren’t! Albanese will be harshly judged by future progressives.
More than a dozen years ago, in response to the global finacial crisis of the noughties, Julia Gillard guaranteed Australians' bank savings. This allowed the banks to behave in a cavalier fashion. Then the Royal Commission pointed out more damage they were doing. But still they rode us like cowboys. Shouldn't the treasurer be looking at a super-profits tax on Australian banks?
An idea that has been floating around for so long, but ignored by modern treasurers from both sides of the aisle
The Albanese government has been a huge disappointment to anyone hoping for real and substantial change in the way our politics and society function. It wasn’t a campaign promise but it was inherent in the whole ALP election campaign that things would be different. They aren’t! Albanese will be harshly judged by future progressives.
If it can only manage what it is offering at this point in time, i tend to agree