Let review budget from 10 years ago:
http://www.budget.gov.au/2004-05/bp1/download/bst5.pdf
http://www.budget.gov.au/2004-05/bp1/download/bst6.pdf
http://www.unitedvoice.org.au/documents/who-pays-our-common-wealth-short
Over the last 10 years population growth:
Over the last 10 years inflation growth:
Over the last 10 years GDP growth:
Aging population problem is caused by two factors. Firstly, Australian families are, on average, having fewer children. Birth rates started declining in the 1960s, and have been falling ever since. For the last 20 years or so the birth rate has fallen below the replacement rate — meaning that without migration Australia’s population would eventually begin to fall. The second factor contributing to the ageing population is that we are living longer.
Over last 50 years fertility rate is dropping (need 2.1 to maintain population size):
Our society will look quite different to what it does today. Quite simply, there will be many more older Australians than there are today. The number of Australians aged 65 and over is expected to increase rapidly, from around 2.5 million in 2002 to 6.2 million in 2042. That is, from around 13 per cent of the population to around 25 per cent. For Australians aged 85 and over, the growth is even more rapid, from around 300,000 in 2002 to 1.1 million in 2042.
At the same time, growth in the number of people of workforce age is expected to fall from around 1.2 per cent per annum over the last decade to almost zero in forty years’ time. In 2002 there were more than five people of working age to support every person aged over 65. By 2042, there will only be 2.5 people of working age supporting each person aged over 65.
Increased migration is good but can not prevent our population from ageing. This is because migrants who come to Australia will age along with the rest of the population. To maintain Australia’s existing age structure through immigration would require increases in immigration every year — and the increases would need to become progressively larger and larger to take account of the ageing of the migrants themselves. While there are undoubted benefits in maintaining net overseas migration, migration cannot stop the ageing of our population.
We need to give mothers a choice to stay at home or if they choose they can go back to work. Right now the government offers significant incentives for mothers to go back after having children, yet this further discourages families to have more children.
Update 17/12/2015 - Tax paid by largest Australian companies:
http://data.gov.au/dataset/corporate-transparency/resource/237d7ede-3a63-4b9b-9434-2f79b9d70ce8
More than 1,500 companies with annual incomes of more than $100 million are on the list. Of those companies, 960 did pay tax, while 579 companies did not pay tax.
Update 29/4/2017 - Big companies not paying their fair share of tax:
https://www.theage.com.au/politics/federal/staggering-90-billion-lost-in-resources-tax-20180305-p4z2uv.html
An Oxford University expert says Australia would be $90 billion better off if it adopted European-style resource tax policies and argues the Turnbull government has given up on collecting a meaningful amount of revenue from some of its most valuable resources.
In one of a suite of new submissions to a Senate inquiry, Oxford Institute for Energy Studies academic Juan Carlos Boué warned unless Australia "radically overhauled its fiscal regime" it would have the second lowest share of government revenue from oil and gas in the world.
Australia is on track to eclipse Qatar as the largest exporter of gas by 2020, but is expected to only earn $600 million in 2018 - the same amount of revenue the government earns in beer tax every year - compared to Qatar's $26.6 billion.
Australia is on track to eclipse Qatar as the largest exporter of gas by 2020, but is expected to only earn $600 million in 2018 - the same amount of revenue the government earns in beer tax every year - compared to Qatar's $26.6 billion.
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