Richard Dennis and the Curse of Affluenza
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Dr Richard Dennis is the Executive Director of the Australia Institute. He is an economist with a particular interest in the role of regulation. Prior to taking up his current position hewas an Associate Professor at the Crawford School of Economics and Government at the Australian national uiversity where he continues to hold an adjunct appointment. richard has also worked as Strategy Advisor to the leader of the Australian Greens Sentor Bob Brown, Chief of Staff to the leader of the Australian Democrats, Senator Natasha Stott Despoja and lectured in economics at the University of Newcastle. Richard has published extensively in academic journals, is a frequent contributor to national newspapers and was the co-author of the best selling Affluenza (with Dr Hamilton) and is the co author of the forthcoming An Introduction to Australian Public policy: Theory and practice (with Sarah Maddison) Here Richard speaks about global trade identity that there is good trade and bad. On the positive side it can bring economies out of poverty, on the bad side it can cripple communities and countries, and add to the growing disease of affluenza.
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Female audience? Of course! They are the hedonists of today......think about it, killing the planet with their buying behaviour.....
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Richard: Saw you on The Business tonight. So good. I am sick and tired of the media pushing the 'more pay and lower taxes for the rich' mantra. A few of the questions from Ticky seem to back this up and I noticed that Ticky mentioned the 2% Deficit Surcharge whilst not mentioning that this ONLY LASTS FOR 2 YEARS whilst the raft of new taxes on wage and lower salary owners lasts forever. I also note that Ticky did not bother to mention that the rich and their business got a 1.5% tax cut in the budget, nor that the Business lobby is calling for the next cut already.
You are correct that lower income earners are on the top marginal rate: because these people are forced to consume close to100% of their earnings whilst the rich can suirrel money into superannuation (15% tax) and all sorts of investments. It is an unfair playing field owned and regulated by those with power and priviledge.
A pity that Ticky has shown which side of the ledger she is on. At the very least you were given an opportunity of airing THE TRUTH, a commdity which rarely gets any air time in Australia these days.
Keep up the good work. -
@dawntripp1974 It's much, much, much worse in the US. The US has no paid vacation at all, has 1% of its population in prison, hasn't had an increase in wages for the bottom 90% in 30 years, has the most overpaid CEOs on the planet, and is generally run by thieves.
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Such an eye opening and interesting lecture. Even though it is Australian, you can apply it to the US even at a larger level. Afluenza is an epidemic in the rich countries.
29m 10sLenght
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