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Simon Knight

Why the government should tax unhealthy foods and subsidise nutritious ones - 1 views

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    Good example of a contentious issue. In an Australian study published today, we show that if the government were to combine taxes and subsidies on a range of foods and beverages, it could substantially improve the health of Australians and potentially free up billions in health care spending.
Simon Knight

Why the Trump Team's Economic Promises Will Be Hard to Execute - The New York Times - 0 views

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    Argument: Because deductions (the amount of income you can claim is not-taxable) will be reduced, even though the tax rate will go down, the richest will not in fact see an absolute reduction in tax paid. Counterargument - looking at the data, this is in fact not the case...
Simon Knight

The NHS doesn't need £2,000 from each household to survive. It's fake maths |... - 0 views

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    Some great quotes in this piece! The language of politics warps our democracy again and again, as in this tax calculation. The media must unpack statistics Last week, the Institute for Fiscal Studies and the Health Foundation published a report on funding for health and social care. One figure from the report was repeated across the headlines. For the NHS to stay afloat, it would require "£2,000 in tax from every household". Shocking stuff!If you're sitting at a bar with a group of friends and Bill Gates walks in, the average wealth of everyone in the room makes you all millionaires. But if you try to buy the most expensive bottle of champagne in the place, your debit card will still be declined. The issue to be addressed, and one to which there is no fully correct answer, is how we can put numbers into a context that enables people to make informed choices. Big numbers are hard to conceptualise - most of us have no intuitive understanding of what £56bn even looks like.
Simon Knight

So most negative gearers earn below $80,000? Well, here's the catch | Greg Jericho | Op... - 0 views

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    On Friday, the Australian Taxation Office, as it does every April, released the latest batch of annual taxation statistics. And as ever, the data was used in rather contorted ways to suggest the budget needed to reduce the level of taxation paid by the wealthiest and to make it seem like the richest were the ones doing it tough. The other old chestnut that got a run in the Australian is that more school teachers actually use negative gearing than company executives. Again, is it really a shock that "while 72,000 investors were listed as company executives, 99,000 people claiming rental losses on their tax returns were either teachers, nurses or midwives"? Given there are about 300,000 more people working as teachers, nurses or midwives than there are company executives, does anyone really think that because 27,000 more of them might use negative gearing is proof of anything? The crucial thing is not the total number, but the proportion of teachers and nurses (and any other profession) who use negative gearing.
Simon Knight

The smashed avo debate misses inequality within generations - 0 views

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    How does the "smashed avo" hook shape this discussion? Look at how statistics are used in this report to inform the debate and critique a narrow perspective. There's no doubt there are differences between the experiences and opportunities of young people compared to their parents. But when you enter the smashed avocado debate of baby boomers versus millennials, you overlook the inequality between members of the same generation. This also misses other ways inequality is perpetuated, such as through the intergenerational transfer of wealth. It's uncomfortable for many to admit but Australia is a hugely unequal society, both in terms of incomes and wealth. Australian households in the top 20% account for half of the income stream, that's about 12 times more than the bottom 20%. At the far ends of the distribution, the average weekly after tax income of the top 5% is 13 times that of the bottom 5%. But this isn't just an artefact of wealth in different generations. There are multiple ways we can glean this, most notably in relation to poverty.
Simon Knight

Why we're moving beyond GDP as a measure of human progress | UTS News Room - 0 views

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    How we track our economy influences everything from government spending and taxes to home lending and business investment. The Conversation series The Way We Measure takes a close look at economic indicators to better understand what's going on. Ever since 1944, Gross Domestic Product (GDP) has been a primary measure of economic growth. It's in the news regularly and, even though few can define what it means, there is general acceptance that when GDP is growing, things are good. There are problems with this simplistic formulation.
Simon Knight

Tackling housing unaffordability: a 10-point national plan - 0 views

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    Read the comments alongside the article here - interesting speculation and use of evidence. initiatives will not turn the affordability problem around while tax settings continue to support existing homeowners and investors at the expense of first time buyers and renters. Moreover, apart from a brief interruption 2008-2012, the Commonwealth has been steadily winding back its explicit housing role for more than 20 years. The post of housing minister was deleted in 2013, and just last month Government senators dismissed calls for renewed Commonwealth housing policy leadership recommended by the Senate's extensive (2013-2015) Affordable Housing Inquiry. This complacency cannot go unchallenged.
Simon Knight

Two Words That Could Shape the Politics of the Trade War: Loss Aversion - The New York ... - 0 views

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    Two Words That Could Shape the Politics of the Trade War: Loss Aversion The pain of a loss tends to be greater than the enjoyment of a win. That has big implications for trade, and also helps explain the politics of health care and taxes.
Simon Knight

Data journalism on radio, audio and podcasts - Online Journalism Blog - 0 views

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    examples of data journalism in audio / podcast form - including: Right To Remain Silent is one particularly good example, because it's about bad data: specifically. police who manipulated official statistics. You might also listen to Choosing Wrong, which includes a section about polling. Another favourite of mine is an audio story by The Economist about the prostitution industry, based on data scraped from sex trade websites: More bang for your buck (there are even worse puns in the charts). David Rhodes, a BBC data journalist, has a range of stories on his Audioboom account, including pieces on Radio 4, Radio 5 Live, and a piece discussing "Did Greece really not pay 89.5% of their taxes in 2010" from the excellent factchecking radio programme, More or Less.
Simon Knight

11 questions journalists should ask about public opinion polls - 0 views

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    journalists often write about public opinion polls, which are designed to measure the public's attitudes about an issue or idea. Some of the most high-profile polls center on elections and politics. Newsrooms tend to follow these polls closely to see which candidates are ahead, who's most likely to win and what issues voters feel most strongly about. Other polls also offer insights into how people think. For example, a government agency might commission a poll to get a sense of whether local voters would support a sales tax increase to help fund school construction. Researchers frequently conduct national polls to better understand how Americans feel about public policy topics such as gun control, immigration reform and decriminalizing drug use. When covering polls, it's important for journalists to try to gauge the quality of a poll and make sure claims made about the results actually match the data collected. Sometimes, pollsters overgeneralize or exaggerate their findings. Sometimes, flaws in the way they choose participants or collect data make it tough to tell what the results really mean. Below are 11 questions we suggest journalists ask before reporting on poll results. While most of this information probably won't make it into a story or broadcast, the answers will help journalists decide how to frame a poll's findings - or whether to cover them at all.
Simon Knight

House prices rise, affordability expected to worsen despite property slowdown later thi... - 1 views

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    House prices rise, affordability expected to worsen despite property slowdown later this year: CBA By business reporter Michael Janda Updated about 3 hours ago Auction sign on house replaced with sold sign Photo: Sydney, Melbourne and Hobart led gains for the month, quarter and year. (ABC News: Ian Cutmore) Related Story: Property investor borrowing drives credit surge Related Story: Property investors lead home loan surge Related Story: Wealthiest suburbs among most vulnerable to mortgage stress Map: Australia If you thought it was hard to get into the housing market, it may yet get worse unless the Federal Government changes tax policies to reduce investor demand. Key points: Sydney home prices up 16pc over 12 months, Melbourne up 11.8pc CBA economists call for "gradual reforms to both supply and demand issues" Bank regulator likely to intensify investor loan crackdown That is the warning of economists at Australia's biggest mortgage lender, the Commonwealth Bank.
Simon Knight

We really don't know just how bad the level of wealth inequality in this country is | G... - 0 views

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    Interesting discussion of wealth vs income inequality, and our perceptions of wealth inequality and how to tackle it. The Essential Report survey highlights the lack of awareness most of us have about the level of wealth inequality that exists, and also our confusion over what policies are best suited to dealing with it.
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