|Trump job boom and rising pay is bad news for union stooges and the doom-mongers|
||06 Nov 2018|
|Letters - Page 13 - 581 words - ID 1032231243 - Photo: No - Type: Letter - Size: 223.00cm2|
Greens raise and lower the white flag on carbon pricing so often they may be sending an SOS Trump's tax cuts bad. Garth Hutchens, The Guardian, November 5: (Joseph Stiglitz) warns of the triple threat of rising inequality, the undermining of democracy and climate change. It's a stark message from a Nobel prize-winning economist. "We were a very different country 40 years ago . The downhill slide has been pretty fast. America . should be an important warning to . (Australia) . things in the US could get much worse . Now we have Trump . and we have the majority of the Republican Party voting for a tax bill that increases inequality ." Trump job losses. Dominic Rushe, The Guardian, November 4: Donald Trump won the votes of many in Middle America in 2016 by promising to bring back manufacturing jobs to the US. But so-called "offshoring" of US factories continues. . The union-backed Good Jobs Nation has been sending workers to Trump rallies . The Guardian caught up with . (one) . "It's been two years now since his election and all I see is more job losses," (he said.) Trump job losses? Trading Economics.com, October 2: The US unemployment rate was . 3.7 per cent in October, unchanged from the previous month's 49-year low . Trump tax cuts bad? Editorial, The Wall Street Journal, November 2: Don't think tax reform and deregulation matter for working people?
Consider the evidence from Friday's gangbuster jobs report for October that showed the tangible dividend for workers from faster economic growth resulting from better economic policy: More jobs to choose from and higher pay to boot. That's the essence of the news that the marvellous machine called the American economy created 250,000 new jobs last month, including 246,000 in private industry.
Average hourly wages rose again and are now 3.1 per cent above a year ago, the fastest increase in a decade. This is the growth dividend that Republicans promised if the dead weight of Barack Obama's policies could be lifted from the backs of American business and workforce . All of this shows that supply-side policies help working Americans far more than the income redistribution and subsidy schemes.
White flag up. Phillip Coorey, Australian Financial Review, April 3: Australian Greens leader Richard Di Natale will today . raise the white flag on trying to put a price on carbon.
Flag down. David Crowe, The Sydney Morning Herald, November 3: A new clash over a carbon tax will shape the next election as the Greens launch a campaign to reinstate a price on carbon.
Gearing change will hurt rich Greens MP. Kylar Loussikian, The Sydney Morning Herald, October 27: NSW Greens MP David Shoebridge has mortgages over three high-value investment properties and lives in a multi-million-dollar Woollahra home despite being one of the state's most vocal critics of real estate investors, landlords and the wealthy . (He said:) . "I accept that I advocate for housing policies that may have a negative impact on the financial interests of my wife and family ." Negative gearing change will hurt rich Greens MP? Letter to The Sydney Morning Herald, October 28: How disingenuous of Shoebridge to say: "I advocate for housing policies that may have a negative impact of the financial interests of my wife and family." He well knows that Labor's negative gearing policy would be grandfathered and hence he and his family would be not be detrimentally affected. George Fishman, Vaucluse.
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