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The hyperbolic scare campaign against the government’s changes to the tax concessions of superannuation continues with almost little care of reality or context.

So let’s give you some.

1. Almost no one will be affected by these changes. 99.5% of Australians currently don’t have more than $3m in super
2. Using figures reported in the Australian Financial Review 97% of all people currently in the labour force will never have more than $3m in super.

So some questions:

1. Do you have more than $3m in super? No? Then nothing changes.
2. Are you ever going to have more than $3m in super? No? Then nothing will change.

At this point, you might be wondering why the big fuss? And you would be right.

To get to $3m worth of super you have to earn an extremely large amount of money your entire working life.

How much money? We’ll let’s create an 18yo  who has just left school and see how they go.

OK, you don’t have any qualifications, but lucky you, you got a job that pays the average full-time wage of $106,277. Feeling good? You should! You are now earning more than 75% of all Australians! Not bad for someone with only a Year 12 certificate!

Where do you go in Los Angeles on Memorial Day? Los Angeles is known as Lotusland—the city without a memory. And it’s true that memory rests lightly on L.A. But turn east from Sepulveda Boulevard just north of Wilshire, onto Constitution Avenue, and you immediately recede from the goings and comings of the eternal present and enter a sanctuary of remembrance. 

The main gate is opened each morning at 8:00. Visit on an ordinary weekday morning and there isn’t a soul stirring except you and one or two of the groundsmen. The traffic of the 405 freeway will continue to hum behind you, but a sacred local silence takes you in, to the company of over 85,000 veterans and their families, some from as far back as the Civil War, who rest in peace here at the Los Angeles National Cemetery.

If you rocked up to cast your ballot on polling day a few weeks ago, you may have noticed it was a bit quieter than it used to be. More and more Australians are forgoing their democracy sausage – and more importantly – voting before the final days of the election campaign. In fact, only 45% of Australians voted on election day, a record low that could be hampering Australians’ collective democracy.

Despite the shortest pre-poll period in living memory, with booths opening only 11 days out from the election (over a week later than in 2019), Australians set pre-poll records several times during the campaign.

Figure 1: Pre-poll votes in the days before Federal elections 

(Source: AEC)

But in the case of Climate Active, it’s the government itself running the scheme — and promoting it.

While claiming to crack down on greenwashing, the Australian government has been quietly enabling it for years.

I previously worked on the Climate Active program and understand the intent behind it.

But intent is no substitute for integrity.

And the scheme’s reliance on carbon offsets — combined with limited transparency, no assessment of real-world emissions trajectories, and endorsement of claims that may be impossible to prove — has turned it into a high-risk proposition.

Climate Active is not just misleading — it’s dangerous. It exposes businesses to legal risk, investors to financial risk, and consumers to outright deception. And now, with Energy Australia taken to court over its long-standing “carbon neutral” claims, the consequences are finally surfacing.

Here’s how the scheme works. Climate Active certifies organisations and products as “carbon neutral” if they offset their emissions using carbon credits — even if those emissions are increasing.

The offsets themselves are often of questionable quality and permanence. But once the box is ticked, the government puts its name behind the claim.

• Full time (Part Time negotiable), Fixed term for 3 years
• Work with a team of interdisciplinary researchers and doctoral students building a conceptual and empirical map of the emerging Climate Economy in Australia
• Academic Level A, Base Salary from $109,301 + 17% superannuation 

About the opportunity

The School of Social and Political Sciences in the Faculty of Arts and Social Sciences and the School of Geosciences in the Faculty of Science at The University of Sydney are seeking a Postdoctoral Research Fellow to work on a joint project: The Climate Economy: Emerging Strategies for Australia.

This project explores Australia’s emerging Climate Economy, investigating how climate change challenges conventional economic policy paradigms and redefines political economic concepts and practices. We want to understand how the pressures of climate change are reshaping governance, investment, and policy strategies in unexpected ways. Our approach highlights the hybrid nature of this new political economic configuration, where public and private actors are taking on new roles and producing new economic geographies, financial instruments are being reimagined, and economic and sociospatial outcomes must be measured in novel ways. By mapping and evaluating Australia’s Climate Economy, we aim to provide new frameworks for understanding and democratising the economic policies that will define a climate-changed future.

The Australia Institute is proud to release a unique, authoritative and accurate assessment of Chinese foreign policy commentary, a first for Australia.

Postdoctoral Fellow at The Australia Institute, Dr. Fangcheng (Frank) Yuan, has combined his extraordinary research and language skills to deliver his paper, Chinese Foreign Policy Brief.

Dr Yuan has drawn on publications, interviews, statements and other sources reflecting the foreign policy views of Chinese officials and state-affiliated analysts, covering four themes:

• The exchange of trade restrictions between China and the US
• Taiwan’s reunification with China and other countries’ stance on the matter, including China’s misrepresentation of Australia’s position
• Tensions between the US and its European allies
• The Russia-Ukraine War

“China’s messaging, aimed at international and domestic audiences alike, has become increasingly colourful and self-referential, suggesting a sense of confidence matching the content of Beijing’s messages,” said Dr Frank Yuan, Postdoctoral Fellow at The Australia Institute.

“Beijing has treated the trade war as a malicious attack on China’s right to development by the US.

“While Beijing clearly disagrees with the sanctions on Russia, it is not shy to signal its discomfort with Russia’s use of force, even if it sympathises with Moscow’s security concerns.”

The Oregon Department of Transportation is unaccountable for routine cost overruns on major highway projects.  Nothing it has done has acknowledged or solved this decades old problem, and giving it billions more will fuel further cost overruns.

ODOT’s Key Performance Indicators (KPI’s) misleadingly claim that 97 percent of projects are completed under budget.

ODOT is careful to define overruns only as costs after contracts are awarded:  this conceals ODOT staff’s consistent pattern of low-balling cost estimates to get  projects approved.

ODOT also has a practice of “re-baselining” a project—retroactively altering the initial cost estimate to conceal cost increases.

ODOT’s project database omits every large project that has experienced a cost overrun.  The agency’s Transportation Project Tracker dashboard lists only six tiny projects as having experienced cost overruns.  For example, there’s no mention of the Abernathy Bridge which has gone from $248 million to $815 million.

In recent correspondence with concerned citizens, ODOT staff simply omitted initial cost estimates, covering up a 47 percent cost overrun on the Iowa Street I-5 Viaduct project.

Accountability is the latest buzzword from highway builders:  they claim that after decades of repeated cost-overruns, that somehow ODOT will suddenly become “accountable” and that this will rein in over-spending running in to the billions dollars.

Is it a safe and secure place for people to live? Or is it a place to make a small minority of people rich?

The answer is important because the housing market over the last two decades has shown that it can’t be both.

Since the turn of the century, investors have flooded into the market, pushing up house prices, outbidding first home buyers, and making housing less affordable.

With the Reserve Bank now cutting official interest rates, house prices are going to grow even faster, and these rising house prices are going to attract even more investors.

After an election where the issue of housing affordability was hotly debated, first home buyers struggling to break into the market are likely to watch as rapidly rising prices leave them further behind.

The major party’s policies on housing affordability fell into two categories.

The first are those that increase supply, which in the long run will make housing more affordable.

The second are those that gave some financial advantage to a particular group of home buyers, most often first-home buyers, that would increase demand, push up prices, and ultimately make housing less affordable.

Overall, the major party’s offerings on housing are best described as a dumpster fire of dumb stuff.

What neither side offered were policies that deal with the underlying cause of unaffordable housing, the explosion in investor demand for housing.

On this episode of Dollars & Sense, Greg explains why Australia has won the fight against inflation, complains about the RBA a bit, and appraises latest gender pay gap data. Plus: air horns!

This discussion was recorded on Thursday 22 May 2025 and things may have changed since recording.

Order After America: Australia and the new world order or become a foundation subscriber to Vantage Point at australiainstitute.org.au/store.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

‘You would think after nearly three years of being wrong, the RBA might start to question its economics. But no’ by Greg Jericho, Guardian Australia (May 202 5)

This article was originally published, in slightly different form, on founding Strong Towns member Seth Zeren’s Substack, Build the Next Right Thing. It is shared here with permission. Images were provided by the writer.

At a lake near my house there is a heron I call my therapist. I hadn’t seen him since October: seven months weighted with the ache of a century. Too much happened and too little changed. I wish current political horrors felt unrecognizable, but it’s like watching a reboot of a movie no one wanted the first time. Familiar in the worst ways, leaving me longing for what’s familiar in the best ways.

From a distance, I questioned if it was really him. There are a lot of herons in St. Louis. There is a lot of beauty in St. Louis, and it tends to vanish without warning.

But it was my heron, my old friend. Don’t ask how I know — do I ask you about your avian analysts? He was back in his office: a withered log under a bent branch. A flood had wrecked his last one, but he had found similar new digs.

All that mattered is that he had stayed. He stayed in St. Louis even though he could fly anywhere. I stayed, too. We stared at each other and didn’t wonder why.

Egads! The Democrats! I had almost forgotten about them. I’m sure they’d prefer we all did, at this point. Ineffectiveness and obscurity would be better than whatever the hell this train wreck is that we’re watching now. It feels indecent even to discuss, like commenting on someone’s unsightly facial deformity. But I suppose we must.

This week, the National Party announced they were leaving the Coalition to sit on the crossbench, which would make the Liberal Party the sole Opposition in the Australian Parliament. (Though talk of reuniting has already begun).

If the Nationals do see through their departure from the Opposition, there will be about as many MPs sitting on the crossbenches as there are in Opposition: perhaps 27 or 28 Nationals, Greens, independents and minor party MPs, and about the same number of Liberal MPs. This far exceeds what was previously described as the “record crossbench” of 16 elected in 2022 – and is the largest crossbench since the Coalition was formed in 1923.

But as the Australia Institute wrote during the election campaign, Australia did not federate in 1945. Large crossbenches were commonplace after Federation in 1901, sometimes exceeding not just the Opposition in size but the Government as well.

The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.

Covering Up the Cover-Ups | The Roundtable Ep. 268