Peter Tulip @peter_tulip
Chief Economist at Centre for Independent Studies. Ex-RBA, ex-Fed. Joined May 2019-
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This image was prepared by an ALP staffer whose brain was rotted away by too many episodes of The West Wing.
This image was prepared by an ALP staffer whose brain was rotted away by too many episodes of The West Wing.
I would say that Labor's HECS changes transfer $$$ from those who did not go to university to those who did. Presumably because the ALP thinks the first group are the lucky privileged ones.
I would say that Labor's HECS changes transfer $$$ from those who did not go to university to those who did. Presumably because the ALP thinks the first group are the lucky privileged ones.
.@SydneyYIMBY's @missneighbour argues that if we want affordable housing we need to support State government plans for more density. youtube.com/watch?v=iQKi6_…
Heritage policy (and Randwick council especially) is a complete disgrace. "Maybe the first dentist in Coogee" is such a transparently invented rationale that no one can deny it's just a bad faith effort to stop homes being built. Make councils pay for this rubbish.
Heritage policy (and Randwick council especially) is a complete disgrace. "Maybe the first dentist in Coogee" is such a transparently invented rationale that no one can deny it's just a bad faith effort to stop homes being built. Make councils pay for this rubbish.
Underreported element of @ajamesbragg’s recent speech is acknowledgement of the evidence that planning is a key driver of our housing crisis. Other parts reasonable minds may disagree with (esp superannuation policy) but do give this a read:
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@peter_tulip There is a positive correlation between income and higher education, hence the statement is pretty accurate.
@damianfandp @peter_tulip You have put your finger on the inequity of reducing HECS.
I told you MMT was absolute cancer, and you all should have listened
Producing an unfair, edited, gotcha video against a progressive economist (Jared Bernstein) dedicated to full employment - so it can be used virally by the far right social media - is a particularly asinine move from the MMT crowd. Whatever patience I had, it's gone.
This is a populist policy. It ultimately transfer $$$ from the bottom 50% to the top 50% of income. It’s regressive, the opposite of labor’s usual goals. abc.net.au/news/2024-05-0…
Clr Martin Smith is going to court to block new housing to preserve his childhood nostalgia
I should add, I think a rate rise is a close call on quarterly 0.9 (lets say 55/45), as it portends a very slow return to target. At 0.8 quarterly or lower, I think the RBA would sit in August, as it is close enough to the target band annualised (and it can kick the can down the…
A great analogy for the black roofs and bitumen being rolled out in Western Sydney.
The difference between absorption and reflection, Watch to the end
How about increasing Youth Allowance and Austudy payments to support students instead of lowering HECS? Would be much more equitable and useful for students’ cost of living.
Worth remembering HECS is a progressive tax (almost exclusively paid by the top half of the income distribution). Lowering HECS requires more taxes or less Govt spending elsewhere. Also there is almost no link between HECS and uni participation.
@besthbWALKER @peter_tulip No the worse outcome is selfish people like the tennis players being selfish and leading to scenarios like tent cities because of a housing crisis
@bigfat_far91926 @peter_tulip Wrong We already had a housing affordability crisis well before that It hasn’t helped but your take it’s all that is Wrong Even if we cut to 0 tommorow we still need more housing. Simple
@StuartBDonovan Commonwealth countries along the Pacific Rim seem have quite similar planning systems...
Worth remembering HECS is a progressive tax (almost exclusively paid by the top half of the income distribution). Lowering HECS requires more taxes or less Govt spending elsewhere. Also there is almost no link between HECS and uni participation.
Labor’s cut to HECS indexation won’t provide cost of living relief now but will take a few months off loan repayment times for mid/hi income grads in the future smh.com.au/politics/feder…
@peter_tulip More ratepayers money wasted, to add to the advertising already done If you want to take legal action, raise funds separately to do it. Not money that’s supposed to go on services
All of this is *painfully obvious*, and it's very hard to take those that argue the other side seriously, because these "upzoning doesn't matter because of X other factor" is *always* deployed as an argument against upzoning, which is for some reason vitally important to stop.
Of course not. Eastern and Northern Sydney Councils don't want to build housing and they fight housing, pushing the burden out west. This has led to NSW underbuilding QLD & VIC for decades now, making housing there more expensive than elsewhere.
And of course that's not what's happening. The Northern Beaches of Sydney - population 263k, only allows 737 homes per year, which is less than third of Canberra's per capita rate. Is anyone going to seriously suggest that this is because of the price of labour or credit?
@TimReardon2 I was thinking about this today one of the reasons construction of apartments is so low atm is the low volume of investors, more owner occupiers buying apartment is resulting in smaller scale developments. As Much as people hate the idea, more investors means more supply.
Get more of these people talking to the press. It’s the easiest way to generate YIMBY support.
“These apartments will overlook our tennis courts” has to be one of the least sympathetic arguments against them dailytelegraph.com.au/news/nsw/resid…
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