Australia’s Cufflink Comrades: The Victims of the Big Bail-out
asenseofplacemagazine.substack.com
By Michael West, Founder of Michael West Media Apart from the assorted state government stimulus initiatives, Australia’s Federal Government has been notching up stimulus at the rate of more than one per week. On March 12, a $17.6 billion stimulus — a $4.76 billion doubling in Newstart allowances, now dubbed Jobseeker, and $6.7 billion for business wage subsidies. The former an extremely welcome relief for the poorest Australians and economically sensible as they are sure to spend it. The latter, a “trickle down” initiative as businesses but only partially effective as businesses were dropping customers and closing doors by the day.
Australia’s Cufflink Comrades: The Victims of the Big Bail-out
Australia’s Cufflink Comrades: The Victims of…
Australia’s Cufflink Comrades: The Victims of the Big Bail-out
By Michael West, Founder of Michael West Media Apart from the assorted state government stimulus initiatives, Australia’s Federal Government has been notching up stimulus at the rate of more than one per week. On March 12, a $17.6 billion stimulus — a $4.76 billion doubling in Newstart allowances, now dubbed Jobseeker, and $6.7 billion for business wage subsidies. The former an extremely welcome relief for the poorest Australians and economically sensible as they are sure to spend it. The latter, a “trickle down” initiative as businesses but only partially effective as businesses were dropping customers and closing doors by the day.