Albanese: “Bear in mind that the stage three tax cuts start at $45,000. If $45,000 is your annual income, you are certainly not wealthy. If $45,000 is your annual income you get $0. If $46,000 is your annual income you get $25, or 48c a week. Don't spend it all at once...

The winners from proposed changes to the Stage 3 tax cuts: literally everyone No one worse off from 1 July, literally everyone better off than they are right now #auspol

A household in a $2m dwelling with a single $200k income earner would only need to enjoy around an 0.75 percent house price inflation effect from the adjusted #stage3 tax cuts to have recouped the ~$5k difference from the original #stage3 via untaxed capital gain.

Negative gearing also wasn't implemented to increase rental housing supply. Its a result of a poorly drafted passage of the 1936 Income Tax Assessment Act. It gained notoriety in 1985 when the real estate lobby had a tantrum when Hawke and Keating briefly repealed it

Ben is spot on: As I see it, YIMBY NIMBY discourse (politics) is a dead end for affordability because both have an interest in the private capture of capital gains and rents. NIMBYs with preserving existing positions and YIMBYs with unlocking new windfall capital gains/rents

Australia's Asset Economy: smh.com.au/property/news/…

A coal company boosting nuclear - in case you needed even clearer evidence of who gains from the Coalition's latest bait and switch.

Delighted to welcome Mike Savage Mike Savage to SSPS and Faculty of Arts and Social Sciences! First public event is tomorrow, April 3 - a forum on the weight of the past in the making of contemporary inequality, featuring Mike, @[email protected], Amin Samman, Mareike Beck, and Gareth Bryant

Just put the finishing touches on this manuscript – out from Polity in November!

Little story on a long term vacant property: - went to this auction - house crumbling apart, sinking & dank - originally listed as $1.1m - 1 guy bids, vendor bids, it gets passed in - agent then tells me the owner is a developer… 1/4

Budgets involve choices. McIlroy reckons "The full recommendations [of EIAC] would be too costly for the budget," citing ~6bil p/a for the recommended increase to JobSeeker. But last year we spent $11bil to subsidise fossil fuels. We have money. afr.com/politics/feder…

I'm happy to announce that my book is officially out next month cornellpress.cornell.edu/book/978150177…

Great to see Geoffrey Ingham's engaging review of The Bailout State alongside Epstein's Busting the Bankers' Club academic.oup.com/cpe/advance-ar…

I wrote a short piece in The Conversation regarding the ACTU's proposal to limit negative gearing and the capital gains tax discount to a single property: