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Carrington Clark

πŸ‘€ Speaker
368 total appearances
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Appearances Over Time

Podcast Appearances

ABC Business Daily
When an AGM feels like a funeral

Not those who don't earn a salary, exactly.

ABC Business Daily
When an AGM feels like a funeral

And of course, the question becomes who is doing that?

ABC Business Daily
When an AGM feels like a funeral

Would people prefer that than seeing their mortgage repayments go up?

ABC Business Daily
When an AGM feels like a funeral

There's a fairness question there.

ABC Business Daily
When an AGM feels like a funeral

And who would be the ones making that setting?

ABC Business Daily
When an AGM feels like a funeral

He also points out there's a legal question about whether or not

ABC Business Daily
When an AGM feels like a funeral

those powers can be given away by the parliament effectively to some sort of outside agency.

ABC Business Daily
When an AGM feels like a funeral

Another suggestion would be that you increase superannuation payments during a period of high inflation.

ABC Business Daily
When an AGM feels like a funeral

So the mandatory amount that goes from your pay packet

ABC Business Daily
When an AGM feels like a funeral

to your superannuation account, you increase that.

ABC Business Daily
When an AGM feels like a funeral

So that means instead of the money just going into general revenue for tax, that you would have more money in your superannuation account for when you retire.

ABC Business Daily
When an AGM feels like a funeral

He also points out that perhaps that money could be used actually to stimulate the economy, which actually might run opposite its aim because those superannuation funds would be using the money and putting them into investments might be forcing up the value of assets, etc.,

ABC Business Daily
When an AGM feels like a funeral

No, and Michelle Bullock, the Reserve Bank governor, did get asked about whether or not it was better in the olden days where perhaps the government was expected to take up more of the slack when it came to fighting inflation.

ABC Business Daily
When an AGM feels like a funeral

And she didn't seem to think necessarily that was the case.

ABC Business Daily
When an AGM feels like a funeral

And then the ones who have been doing it.

ABC Business Daily
When an AGM feels like a funeral

And there is a reason I understand why people want there to be another answer.

ABC Business Daily
When an AGM feels like a funeral

People want there to be a kind of pain-free way of bringing down inflation without people feeling the pain.

ABC Business Daily
When an AGM feels like a funeral

But unfortunately, that mechanism, the pain is part of the solution at the moment.

ABC Business Daily
When an AGM feels like a funeral

And that's when perhaps the government has a role in trying to make sure that the damage isn't being felt by just certain groups and not others.

ABC Business Daily
When an AGM feels like a funeral

But that is a political question.