https://padlet.com/brisbaneshs/jd64se6fcg3058ch en-us 2023-08-02 00:03:32 UTC 2026-04-24 01:16:15 UTC hello@padlet.com tfarr113 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655228476 2023-08-03 04:37:59 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655228476 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655229770 2023-08-03 04:40:58 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655229770 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655231349 2023-08-03 04:44:13 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655231349 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655909417 2023-08-04 04:27:31 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655909417 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655918341 2023-08-04 04:44:14 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2655918341 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294068 2023-08-08 22:22:34 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294068 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294136 2023-08-08 22:22:50 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294136 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294211 2023-08-08 22:23:05 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294211 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294405 2023-08-08 22:23:44 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658294405 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658309529 2023-08-08 23:11:10 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658309529 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658310568 2023-08-08 23:14:25 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658310568 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658310826 2023-08-08 23:15:10 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658310826 asabu3 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658311774 standard of living increases in the short term since people, specifically low-income earners, have more disposable income. this makes it easier to afford necessities ]]> 2023-08-08 23:18:07 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658311774 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312266 The implementation of an inheritance tax can potentially discourage wealthy investors from living and spending money in Australia. In turn this reduces injections into the economy, thus decreasing aggregate demand and job opportunities which primarily affects the standard of living of the working class.]]> 2023-08-08 23:19:16 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312266 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312306 In the long term with people having more disposable income they will spend more money, increasing inflation (which is already high) which will make the cost of living further increase. Thus decreasing the standard of living. ]]> 2023-08-08 23:19:23 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312306 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312639 Increase funds for social services such as infrastructure and  welfare payments, providing more resources and public goods and services to increase standard of living for lower-income households.]]> 2023-08-08 23:20:22 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312639 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312978 Increasing minimum wage would disproportionately benefit poorer people]]> 2023-08-08 23:21:14 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658312978 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313607 Could encourage wealthy people to find more tax loopholes which could result a decrease in government revenue. With this,  lthe government could have less money to invest in social programs which as mentioned previously disproportionally affects low income households thus this policy will have the opposite intended effect]]> 2023-08-08 23:23:05 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313607 ckija1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313628 Increase inflation]]> 2023-08-08 23:23:09 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313628 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313904 May encourage wealthy families to donate more to charities rather than the government, increasing societal wellbeing and standard of living]]> 2023-08-08 23:23:54 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658313904 asabu3 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314191 high income earners may earn more with increased profits (high consumption) -> large proportion of this profit goes to them as business owners ]]> 2023-08-08 23:24:50 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314191 asabu3 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314602 income inequality decreases with low-income earners having more income, while high-income earners wouldn’t receive payments]]> 2023-08-08 23:26:18 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314602 tmitc264 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314889 Increasing the cash rate could be a valid solution in decreasing the extremely high inflation rates, which have reached upwards of ~7% in 2023 which is outside the RBA 2-3% target range. This control of inflation will help lower the high Cost of Living crisis, aiding the more than 3 million people living bellow the poverty line.]]> 2023-08-08 23:27:12 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314889 asabu3 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314954 number of people living in poverty decreases -> current jobseeker payments are below the poverty line ]]> 2023-08-08 23:27:25 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658314954 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658315369 the policy may have negative effects in increasing inflation. This is due to the population having a higher wage which allowed them to consume within the economy (C+I+G)(X-M). This therefore drives inflation upwards- potentially mitigating positive effects 

 ]]> 2023-08-08 23:28:30 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658315369 ckija1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658316489 Might push people above Henderson poverty line]]> 2023-08-08 23:31:29 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658316489 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317302 Reduces the rapid growth of average household disposable income or wealthier, reducing inequality]]> 2023-08-08 23:33:49 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317302 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317867 Tax money may not be all used to support lower-income households, in turn reducing standard of living ]]> 2023-08-08 23:35:31 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317867 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317879 by increasing minimum wage, the lowest percentile of income will be able to afford essentials. This may reduce government expenditure in social welfare that currently is relied upon by lower income earners. Therefore, the government can channel money into other services ]]> 2023-08-08 23:35:33 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658317879 asabu3 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658318513 impacts of increasing inflation won’t be mitigated by increasing supply in the labour market since unemployment is currently at an all-time low. thus, there will be further upwards pressure on prices from low supply along with high demand ]]> 2023-08-08 23:37:01 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658318513 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658318919 It would increase the SOL as higher tax revenue would allow the government to spend more money on social services]]> 2023-08-08 23:38:14 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658318919 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658319177 the factors of production will increase for business as wages are higher, consequently increasing the price of goods and services. which then reduces the SOL of lower income earners ]]> 2023-08-08 23:38:56 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658319177 tmitc264 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658319267 An increase of the cash rate can incentivise higher number of households to increase savings, as increased investment rates on savings accounts would give higher returns to households thus making more people opt into higher savings. Increased savings can provide higher financial stability for households preparing households for unexpected future events, thus contributing to a higher standard of living.

However, since savings are considered a leakage in the circular flow of income, money would be leaving the Australian economy which would lead to lowered aggregate demand and thus a decrease in gross output which will in turn lower total savings, otherwise known as the paradox of thrift. ]]> 2023-08-08 23:39:09 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658319267 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658320973 Taxes are considered a leakage, aggregate demand could decrease somewhat if taxes levied on the wealthy are increased, however, the impact of additional government spending (injection) may outweigh this]]> 2023-08-08 23:43:28 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658320973 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658322257 2023-08-08 23:46:53 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658322257 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658322802 may increase underemployment as businesses can not afford to hire employees for as many hours. ]]> 2023-08-08 23:48:23 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658322802 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658323272 Progressive tax will greatly help with providing the government with more while not taking from the poor, this is because the tax makes the middle and upper classes pay more that the lower class.]]> 2023-08-08 23:49:39 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658323272 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658323680 The main somewhat negative impact is that it unfairly targets the upper to middle class, however that is going to be an impact when helping inequality most of the time.]]> 2023-08-08 23:50:33 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658323680 dchen60_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658326559 Promote social mobility by reducing the advantages of rich households, providing less privileged backgrounds an opportunity to accumulate wealth, reducing inequality ]]> 2023-08-08 23:57:43 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658326559 tmitc264 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658329089 When investment rates increase, it often leads to higher levels of capital accumulation. Capital includes assets such as stocks, bonds, real estate, and other financial instruments. Those who already possess significant amounts of capital are more likely to benefit from these increased investment opportunities, leading to a further concentration of wealth among the wealthy individuals and corporations. This can widen the income gap between those who own capital and those who rely primarily on labor income.]]> 2023-08-09 00:04:14 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2658329089 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659019643 2023-08-09 23:16:04 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659019643 cvari21 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659020780 The increase of cash rates purpose is to eventually decrease inflation. This is the positive impact of the policy ]]> 2023-08-09 23:19:16 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659020780 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659022809 increasing jobseeker payments to above the poverty line will cost multiple billion dollars, which may decrease the quality of government services ]]> 2023-08-09 23:25:25 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659022809 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659029091 bottom quintile:
most of the bottom 20% are unemployed, meaning the majority of this scheme's benefits will go towards them. standard of living will be significantly increased, especially if increased above the poverty line. it increases the incentive to actively search for jobs, eventually allowing them to become independent from government support. overall very good


top quintile:
no direct effect, as means testing will eliminate all, or almost all of this category. depending on how jobseeker increases are funded, they may pay higher taxes. ]]> 2023-08-09 23:42:00 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659029091 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659913544 2023-08-11 03:41:44 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659913544 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659913728 2023-08-11 03:42:04 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659913728 swhit766_1 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659914168 For example, universal basic income would cause AD to shift to the right, would increase inflation. However, .....]]> 2023-08-11 03:43:02 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659914168 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659948446 progressive tax
- will reduce inequality by reducing the wealth levels of the top 10% who hold a disproportionate level of wealth (46%). 
- increased progressive tax will decrease the amount of disposable income the top 10% have, which may result in lower aggregate demand, however this will be largely offset by increased government spending 

increasing minimum wage
- unequal wealth distribution where lowest 60% have 15-17% of wealth
- no impact on the top 10% - policy ineffective at dealing with inequality on the top end 
- increase in minimum wage pushes up hourly wages in general. 
      - example: (min wage $21 --> $25). a job that pays $25 before the rate increase will ask to be paid a higher wage as otherwise they will join a lower skill/effort job
- increasing minimum wage will help the lowest income Australians as they are more likely to be paid hourly and earn a rate at or close to minimum wage
- cost of living pressure currently high 
      - median disposable income % for a mortgage 27% --> 41%
      - median disposable income % for rent 26% --> 31%
- minimum wage will help these cost of living pressures as disposable income ↑

increasing cash rate
- pretty silly idea right now - will make cost of living worse for low income Australians while high income households with outright owned assets will profit from higher interest rates
- (last two dot points about mortgages and rent) increasing the cash rate will increase rent and home loans even further, pushing more Australians into poverty

increasing jobseeker
- I'm assuming jobseeker encompasses income support:
- no/negligible impact on high income households (means tested) (most are employed)
- will greatly help income inequality for low income Australians as they are guaranteed to be living above the poverty line (depending on the magnitude of the increase)
- expensive scheme, therefore should be used in conjunction with additional progressive tax reforms 

implementing inheritance tax
- wealth is usually generational, meaning in effect this is a progressive tax
- medium --> long term impacts
- will help income inequality, by reducing the amount of money the richest Australians have
- ^ will slightly decrease aggregate demand due to lower disposable income which may help with cost of living, but as this is in the long term it won't help the current situation for low income Australians]]> 2023-08-11 04:44:03 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659948446 https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659950561 - top 10% have a disproportionately high amount of wealth, holding 46%, with the bottom 60% having a mere 15/17%
      - income equality is not in a very good shape
- cost of living is getting worse, as the percentage of median disposable income required to service a mortgage has increased by 14% to 41%, and by the same metric, median rents have increased by 5% to 31%
- these cost of living issues do not apply to the highest income households, as they typically own their assets and have high levels of disposable income, meaning they are not feeling the same cost of living squeeze as the rest of Australia. Cost of living is mainly affecting low/middle class citizens]]> 2023-08-11 04:49:04 UTC https://padlet.com/brisbaneshs/jd64se6fcg3058ch/wish/2659950561