The question, whether our civilisation has a future, will sound preposterous to many. Has Western civilisation not overcome many a crisis in its thousand-year history? Has it not — in its modern incarnation of individual freedom, the capitalist market economy and democratic control of government predation — flourished since 1945? Has the West not reached unheard-of levels of longevity, material comfort and peace? Indeed, it has also triumphed in other parts of the world beyond its heartland of Western Europe, North America and Australia. In particular, the injection of some of the West’s cultural genes into the Far East’s DNA has led to an unprecedented revival of that other great civilisation; that of China. And yet… Civilisations have normally been born, flourished, entered a cultural crisis and died.
Does Western Civilisation Have a Future?
19 February 2019 | PP17
04 April 2019 | PP19
The centrepiece of the 2019/20 budget was a proposed doubling of the income tax cuts that were legislated last year. Both the short-run LMITO change and the long-run tax cuts will reduce tax, but the two approaches are fundamentally different. These differences are important, but they are hidden by the superficial nature of the tax debate in Australia. To differentiate…READ MORE
05 March 2019 | PP18
Australia’s capital gains tax (CGT) policy has been largely settled for almost 20 years. However, it has come under renewed scrutiny as a result of the Australian Labor Party’s federal election platform proposal to halve the 50% CGT discount and thereby effectively increase the tax by 50%. If the objective of reforming the CGT is to do no more than…READ MORE
12 February 2019 | PP16
Under Australia’s dividend imputation system of taxation, since 2000 taxpayers whose franking credits exceed their tax liability have been paid a cash refund of the excess. The Labor opposition’s policy is to continue with the imputation system but to abolish cash refunds of excess franking credits, subject to a carve-out for some age pensioners. This has aroused a storm of…READ MORE
07 February 2019 | PP15
Reading Recovery is an early intervention program for students in Year 1 who are having difficulty learning to read. It is widely used in Australia, the USA, Canada, England, Ireland, France and Denmark. It is endorsed by many leading educators and teacher professional organisations. Yet numerous studies of Reading Recovery have provided no sound evidence that it has sustained positive…READ MORE
06 February 2019 | PP14
Socialism brings poverty and oppression. The ignorance of so many as to why only a market economy is capable of bringing prosperity and political freedom is a major problem. Too many believe a socialist utopia can be achieved if only the right people took the right actions. In reality, a socialist economy can never provide prosperity and never has. The…READ MORE