Think Forward
@thinkforwardaus
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A group of young people fighting for an economy that works for all generations 🙌 Advocacy 📢 Education 📚 Research 🧐
Australia
Joined April 2018
Our first Think Forward Treasury project is now live! With your help we are writing our manifesto for the next Federal election, by asking what would you do if you were Australia's Treasurer? Visit https://t.co/uvjjleML52 to give it a go.
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Minister @JEChalmers, please support the #G20 deal in Rio this week to #TaxTheSuperRich. Oxfam and civil society groups have 1.5 million signatures backing this✊It's time to make the rich pay their fair share and reduce inequality now!
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This week, we are exploring Capital Gains Tax Concessions. Check it out here: https://t.co/pbskZev4Sv
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Is negative gearing good for younger generations? Should it be part of our future economic strategy? Definitely not, hey. Our emotions get negatively geared just thinking about it. See Alex's review here: https://t.co/I9cQtHPZQP
#tax #auspol24 #PropertyInvestment
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As a young person, how should you be feeling this tax time? Proud? Annoyed? We unpack it here: https://t.co/gDsvkVnj0S
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Exactly the kind of bold steps forward we need. Now imagine we had a mechanism that ensured consideration of the impact of ALL policy on future generations 👏 https://t.co/7DFSNzlTsX
smh.com.au
Crossbench senator David Pocock is tabling a private member’s bill that would block new projects that drive global warming.
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Yesterday the Aged Care Taskforce began, and Thomas Walker, our lead economist, was in the thick of the action. We commend the taskforce and the Minister for being so eager to consider the intergenerational impacts of these critical reforms.
afr.com
A new tax or levy to help fund aged care would further enshrine generational inequality, says Aged Care Minister Anika Wells.
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"We should be encouraging young people to understand that these systems are there to benefit their lives, whether it's paying tax or paying super." - Our Lead Economist - Tom Walker speaking with @SBS Reach out about our economic literacy program!
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"I’m not sure what else we need to forgo before we get the street cred we deserve." @antoinette_news asking the question all Millennials are thinking. It's time for an inquiry into intergenerational fairness. https://t.co/esal8lQJRk
https://t.co/wE5IMAllRw
theage.com.au
To expect their less-well-off descendants to fund their continued privilege is, well, a bit rich.
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We welcome the Minister's bold ambitions with this task force and the opportunity to be part of building economic systems that are fair and equitable for all generations.
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Our Lead Economist, Thomas Walker, will be sitting on the Aged Care Task Force, announced today by @AnikaWells.
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Younger generations are being hit hard in this cost of living crisis. Less savings to fall back on and less chance to accumulate wealth over time than previous generations. We need an intergenerational lens in policy making to break the cycle.
abc.net.au
When women are struggling to buy period products, and boomers are sitting on wads of cash, there's a crisis in the economy – and it's harming Australians' health and wellbeing, writes David Taylor.
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Jane Body is among millions that have been hit by the highest increase to student loan indexation in decades. She thinks the system could be fairer, and she's not the only one.
sbs.com.au
Jane Body is among millions that have been hit by the highest increase to student loan indexation in decades. She thinks the system could be fairer, and she's not the only one.
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The average #HECSdebt increases ~$1,700 today. For many young people, this will outstrip the HECS contribution they make this year. Committing students to debts they will never be able to pay off actively discourages them from education. The system must work better than this.
Today, #HECS debts are increasing massively because of indexation. As if young people don’t have enough on their plates with crises in cost of living, housing, mental health and climate change.
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Hear Think Forward Jane Body speak about her HECS debt and what the government could be differently to make things fair 👇 https://t.co/yIwkQ5omd8
sbs.com.au
Jane Body is among millions that have been hit by the highest increase to student loan indexation in decades. She thinks the system could be fairer, and she's not the only one.
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I'll be speaking at this event with some great NTEU comrades, register below to get some insight into how we can fix this HECS Mess.
Tomorrow, all existing HECS-HELP balances will be increased by a record 7.1%, impacting anyone with a current HECS-HELP debt. Join us this Friday to hear our potential solutions and new modelling on average graduate repayment times. Register here: https://t.co/TpJLATO8ZI
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Listen to Think Forward Jane Body on @abcnews @ 2:04:30 📻 "There is a problem with the whole system and HECS indexation is the icy on the cake. 7.1% increase on debt held specially by younger generations is really unfair" https://t.co/kmH8Y5Mxv8
abc.net.au
Local news and information designed to kickstart your day.
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Listening to Jennifer Kulas on @latrobe University's Housing Crisis live panel. "We are preparing for the largest transfer of wealth from one generation to another in the history of the country. Homeownership isn't possible without some kind of intergenerational wealth transfer."
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Boomers get free education + a family home + an investment home + tax concession on investment home with negative gearing vs. current students who in 9 days will get an 7.1% increase in their HECS debt of $30,000-$100,000. Sounds fair? 🤔
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"In short, more indirect taxes, and some taxes applied to wealth rather than income. Without this, stage three fails." Waleed Aly sums up why we need a conversation on tax reform, what do you think? #auspol #Stage3TaxCuts
smh.com.au
The stage three cuts take a system that is more progressive than the OECD average and makes it more regressive. It erodes one of the most enduring principles of Australia’s tax philosophy.
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