Me in the Daily Telegraph again, today talking about Joe Hockey’s populist economics:
THREE months after an election that has delivered us a new government, Australians could be forgiven for thinking that for all that has changed, not much has changed at all.
In office sits a government that seems overly fond of intervening in the market and increasing tax takings. In opposition, meanwhile, shadow ministers thunder about the need for reform and for the state to get out of the way.
Yesterday, Treasurer Joe Hockey knocked back US agribusiness giant Archer Daniels Midland’s bid to buy east coast grain distributor GrainCorp.
Earlier in the week, he met with state and territory treasurers to discuss imposing GST on overseas internet purchases worth less than $1000. And in an attempt to shore up Qantas, Hockey also floated the idea of buying back – with taxpayer money – up to 10 per cent of the airline’s shares to help it compete with competitors like Virgin Australia.