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anyway, businesses entering numbers on a form AFTER the government announces total cost estimates can not retroactively explain errors in the forward estimates. So the bullshit Frydenberg is hawking about $60 billion here and 3 million workers there is also out by 8 weeks.
how can 550-1,000 businesses filling out forms from 5 April explain a $60 billion mistake in forward estimates that were announced on 30 March? That requires a time machine. A deputy tax commissioner sweating bullets live on national television is not a tardis.
government cuts promised stimulus* to business and workers by $60 billion.
That’s the headline.
That’s the headline.
this is a budget cut, as we hurtle into an employment, wages, and export earnings trough, the Mariana Trench of economic activity, the lowest confidence on record. It is fantastically irresponsible economic management from the absolute worst in the business, the Liberal Party.
the sole trader claim also does not add up.
550x1500: 825,000 workers.
1000x1500: 1.5 million workers.
So even if what the Treasurer - the responsible minister - said is true, the 6.5 million figure was out by AT LEAST 1.5 million workers.
550x1500: 825,000 workers.
1000x1500: 1.5 million workers.
So even if what the Treasurer - the responsible minister - said is true, the 6.5 million figure was out by AT LEAST 1.5 million workers.
the more I think about it, the more I agree with Nathalie
The original $130 billion total cost estimate including migrant workers, the arts, local government, and/or more casuals including universities, would explain the missing 1.5 million workers. https://twitter.com/nathaliedee/status/1263730602768953344?s=21
The original $130 billion total cost estimate including migrant workers, the arts, local government, and/or more casuals including universities, would explain the missing 1.5 million workers. https://twitter.com/nathaliedee/status/1263730602768953344?s=21
what a signature Morrison move it would be, shifting goal posts to exclude universities and include sole traders, then fire up the time machine to try and retroactively pin blame on sole traders filing forms from 5 April for a $60 billion hole in figures he announced on 30 March.
actually the more I think about it even more, the attempt to pin blame on sole traders, post facto included in jobkeeper, is the first giveaway. And the “draw the line somewhere” mantra is the second. Bear with me for a sec>>
maybe Treasury produced the $130 billion estimate, Morrison “drew the line somewhere” through sectors he hates like migrant workers, most casuals, the arts, unis. This throws the figures out by $60 billion, but he announces the original higher headline number anyway.
and I don’t mean Morrison announced the original estimates inadvertently. I reckon Treasury did its job, Morrison put a red pen through migrants and unis etc, then announced pre-red pen numbers because he likes big announcement and hey plausible deniability! Treasury estimates!
Morrison is a former Treasurer and current prime minister in a pandemic, recall the global mood around 30 March. He doddles a pliant Treasurer, it is a Commonwealth policy, so no tiresome premiers with their “health” and “public interest” and national cabinet “agreements”.
also a bully, absolutely driven with hatred of migrants and universities, the arts and unions, whose strategies - like unilateral exclusion of entire sectors without revising announceable forward estimates that we can bullshit about later - rely on a compliant press gallery.
I live tweeted that 30 March press conference and it was an overwrought mess. Contrary to the revisionist nonsense published earlier this week, Morrison was flailing about crying over the quarterly figure aspirations he had set himself. https://twitter.com/imusing/status/1244491128545488897?s=21
Treasury has political guff about sole trader reporting errors - which can not, without a time machine, impact on the 30 March headline figure - but in fact the new, revised $60-billion-lower jobkeeper estimates are based on LIFTING ISO RESTRICTIONS.
https://treasury.gov.au/media-release/jobkeeper-update
https://treasury.gov.au/media-release/jobkeeper-update
and there it is. They know the size of the labour market; they can factor in, broadly, who is public sector, small business, visa holders. The original estimate - irregardless of 550-1000 sole traders filing forms from 5 April - was to cover 6.5 million workers.
tl;dr: Morrison government announces $60 billion cut to covid stimulus* policy, a function of its aggressive insistence on lifting iso restrictions and refusal of financial support to sectors they hate with ideological passion such as migrant workers, universities, and the arts.
oh and tldr Morrison government claims its broken promise that impacts 3 to 3.5 million PEOPLE, and their political decision to cut $60 billion from an announced covid stimulus* spend, is an *admin error* caused by 550-1000 small businesses and maybe some bureaucrats.
