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The GST is failing. It was meant to give the states their own independent source of revenue and in the process make them less financially dependent on the federal government.

The problem is that GST revenue is growing slower than the economy and so it has not kept up with the growing costs of providing hospitals, schools, roads and all the other vital services that the states provide.

Australia Institute research has shown that if GST revenue had kept up with economic growth it would have collected an additional $231 billion since it was enacted and $22 billion in 2023-24 alone.

Having an income that grows slower than prices is something that many households have recently experienced. And just like households, the states have found their budgets under increasing pressure.

Early on, states were able to make cutbacks to make ends meet, but over the last 25 years we have seen their collective budgets move from surplus to deficit. At the same time all the cost-cutting has degraded the services they provide.

This has been a lose-lose for Australians.

Some have called for the GST to be increased or broadened to raise more revenue. But that will slug the poor more than the wealthy because the GST is what economists call a regressive tax. But there are other solutions. We could broaden the GST without disproportionately impacting the poor by being selective on what we broaden it to.

The decision by the International Court of Justice (ICJ) this week, confirming that states have binding legal obligations under international law to prevent climate harm and protect present and future generations, should be a wake-up call for the Australian government. No longer can it argue that Australia’s emissions exported to other nations can be ignored. But new analysis reveals that the extraction of fossil fuels for exports is also making up a growing share of Australia’s domestic emissions.

As the Australian Government prepares to announce a new 2035 climate target under the Paris Agreement, pressure is mounting to show increased ambition. An easy, and often overlooked, place to find real emissions reductions is the domestic footprint of our fossil fuel exports.

Analysis of Australia’s emissions inventory combined with data from the ABS suggests that the process of extracting and shipping all the coal and gas Australia exports is responsible for close to 18% of Australia’s total emissions. That means that if Australia did not export such huge quantities of coal and gas then total emissions in Australia in 2023 could have been 18% lower.

Emissions in Australia from exporting coal and gas have grown rapidly since 2010, doubling its estimated share of total emissions from 7% in 2010. The strong growth was mainly caused by the rapid expansion in LNG exports over the same period, particularly since 2015.

On this episode of Dollars & Sense, replacement Matt (Greg Jericho) and Elinor debunk some long-standing myths about the Australian economy, discuss cuts to HECS and examine the latest in Trump’s beef beef.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available for pre-order now via the Australia Institute website.

This discussion was recorded on Thursday 24 July 2025.

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:

The biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversation by Greg Jericho, Guardian Australia (July 2025)

Projections released by the Albanese Government show Australia’s gas consumption is in long-term decline — undermining claims by the Prime Minister that more gas is needed to support the renewable energy transition.

Analysis by the Department of Climate Change, Energy, the Environment and Water (DCCEEW) confirms that Australia’s gas use peaked years ago and will continue falling as electrification and renewables rise.

“Gas consumption is projected to decline to 2040 as electrification increases across the economy and renewables and storage take an increasing share of electricity generation,” the report said.

Modelling from the Australian Energy Market Operator (AEMO) backs this up.

In its 2024 Integrated System Plan, AEMO shows that gas will never again reach past generation peaks and will play only a minor, occasional role in electricity generation in the decades ahead.

Despite this, more than 1,000 new petajoules of gas are scheduled to come online by 2027 — not to support domestic energy needs, but for export.

“Australia is projected to continue exporting significantly more gas than we consume,” said Ketan Joshi, Senior Research Associate at The Australia Institute.

“Gas use in Australia has peaked.

“It is pretty simple: Australia does not need to be expanding its fossil gas production, least of all to run fossil gas power stations.

July 30, 10:00 to 11:30 am EST Live Streamed through Zoom


More “Announcement
Book Talk: Online Discussion on Jamee Moudud’s Legal and Political Foundations of Capitalism”

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.

Too Little, Too Late Show | The Roundtable Ep. 277

Americans are different from the rest of the world. Everyone knows it, but not everyone knows why. Some say it’s our Constitution, or our political traditions, or our vast landmass. But that’s not the whole story.

Above all else, what sets America apart from the rest of the world is our people—a people possessed by the same proud, defiant spirit as a 13-year-old Andrew Jackson. After being captured after the skirmish at Hanging Rock, the young Jackson refused to shine the shoes of his British captors, preferring to accept a scar across his face from an officer’s saber rather than kneeling before the foreign occupiers.

America is a nation of pioneers, explorers, and inventors. Unlike our European counterparts, we were not born gradually, over the course of millennia—we are a people who willed ourselves into existence, coming to know ourselves through a centuries-long struggle to forge a civilization in the wilderness.

We are a settler nation—dynamic, restless, reaching into infinite space. Since the first pilgrim ships arrived on our shores, we Americans have been possessed by an insatiable urge to create, to build, and to discover—to step forward into the dark unknown. Our people have flown across oceans, tunneled through mountains, defeated empires, raised up skyscrapers, and transcended our frontiersmen ancestors by expanding outwards into outer space itself. We did this all while maintaining the capacity to rule ourselves.

“Gas consumption is projected to decline to 2040 as electrification increases across the economy and renewables and storage take an increasing share of electricity generation”, wrote the Department of Climate Change, Energy, Environment and Water (DCCEEW).

This doesn’t sit well with the Prime Minister’s recent claims that more gas is needed for “firming” renewable energy. Figures from the Australian Energy Market Operator (AEMO)’s 2024 Integrated System Plan (ISP) show just how little gas is likely to be required in Australia’s electricity system.

With property investor tax breaks costing billions every year, making housing more expensive and hindering productivity, Everybody’s Home is urging the government’s economic reform roundtable to make housing tax reform a top priority.

The national housing campaign’s submission to the roundtable, closing today, highlights the urgent need to reform negative gearing and the capital gains tax discount to boost productivity and repair the federal budget.

Investor tax concessions are expected to cost the budget more than $180 billion over the next decade while disproportionately benefiting high-income earners and driving up housing prices.

Everybody’s Home urges the roundtable to consider:

1. Abolishing negative gearing and phasing out the capital gains tax discount
2. Funding a sustained pipeline of public and community housing.

It comes amid growing calls from politicians, economists, and think tanks for the government to reform the capital gains tax discount on housing.

Everybody’s Home spokesperson Maiy Azizie said: “It doesn’t make sense that we are losing billions of dollars every year through tax concessions that most benefit high-income earners, while everybody else is being pushed out of the housing market. Tax breaks for investors are widening the wealth inequality gap and pushing up the cost of housing for everybody else.

The court found the Independent Planning Commission failed to take into account the impact of all the carbon pollution associated with the project, including pollution from the exported emissions when the coal is sold and burned overseas.

Mach Energy’s Mount Pleasant coal mine expansion near Muswellbrook is one of the most polluting coal projects that was seeking approval in Australia.

The project is so big it covers an area which would almost cover the entire electorates of Sydney and Grayndler.

The decision comes after a challenge from the Denman, Aberdeen, Muswellbrook, Scone Healthy Environment Group.

While this is a welcome result, the NSW Land and Environment Court will have to consider whether conditions can be imposed that would validate the approval, or whether the project must return to the planning commission.

“There are two other coal mines that were granted extension by the federal government in the Hunter Valley,” said Richard Denniss, Executive Director of The Australia Institute.

“While it is welcome news that one may not go ahead, these approvals are inconsistent with Australia’s climate goals and reinforces the country’s reputation as one of the world’s major fossil fuel exporters.

“To approve huge new coal mines while bidding to host COP31 is a slap in the face to our Pacific neighbors, who have clearly and repeatedly requested that Australia stop expanding fossil fuel production.

The radical Left’s indifference to human life in the wake of the Texas floods is shocking. It exposes not just a troubling lack of civil discourse among the next generation of its leaders—but progressives’ long-romanticized destruction of their political foes.

Unhinged reactions to the victims of the Guadalupe River tragedy—with some even expressing satisfaction that potential MAGA supporters died—do not simply reveal the twisted views of a few leftist outliers: they expose the core principle that animates the entire movement. The radical Left increasingly sees political violence as a legitimate option in light of the Democrats’ inability to stop President Trump’s agenda.

This interview is also available on podcast platforms and Rumble.

The gutting of public funding for higher education in the United States has led to the takeover of universities by private donors, many of whom are Zionist entities and billionaires. As a result, universities have become, as guest Dr. Maura Finkelstein calls them, “banks and real estate development companies that offer classes.”

When CBS announced it would cancel The Late Show with Stephen Colbert, Donald Trump “truthed” as follows: “I absolutely love that Colbert got fired. His talent was even less than his ratings.” Summoning a gilt cartoon frame called the “eloquence cam,” Colbert replied: “Go f**k yourself.”

His fellow talk show host, Jon Stewart, addressed CBS directly with the help of a backup gospel choir: “Go f**k yourself! (Go f**k yourself!) Go f**k yourself!” and so on.

One begins to detect a theme. Powerful as it is to watch two men in their 60s repeatedly shriek a single obscenity at an ever-thinning crowd, maybe Trump had a point? 

Australians have elected power-sharing parliaments in New South Wales, the Australian Capital Territory and Tasmania – and a single party almost never has a majority in the federal Senate. On this episode of Follow the Money, Leanne Minshull and Eloise Carr join Ebony Bennett to discuss why collaborative parliaments are popular and how our elected officials can make them work.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available for pre-order now via the Australia Institute website.

Guest: Leanne Minshull, Strategy Director, the Australia Institute // @leanneminshull

Guest: Eloise Carr, Director, the Australia Institute Tasmania // @eloise-carr

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

That all changed in 2015 when a few corporations started exporting vast amounts of liquefied natural gas, exposing Australians to high global gas prices. The result was a tripling of wholesale gas prices in the country, and a huge transfer of wealth from Australian households and businesses to the handful of gas corporations to which we had given control of our resources.

The gas corporations convinced our governments that if they were allowed to develop the vast onshore reserves in the state of Queensland for export, we would experience enormous economic benefits, while gas prices would remain low.

None of it was true. Instead, large areas of our beautiful country have been transformed into industrial gas fields and we now have expensive gas, rolling gas shortage fears and few economic benefits.

It appears Canada may be making the same mistake.

Prior to 2015, the wholesale price of gas in the country was under $4 a gigajoule (all figures in Australian dollars unless otherwise noted). Gas producers couldn’t ramp up prices because of the laws of supply and demand; we had an ample supply of low-cost gas for the limited domestic market.

But the opening of gas export terminals meant the Australian market was now a small part of the huge global market, where gas prices were three times higher than at home. Gas exporters were able to force Australians to compete with Asian customers who were prepared to pay much more than the long-term price in Australia.

It has been a little over 10 years since Donald Trump, with characteristic flair, descended the escalators at Trump Tower to announce his candidacy for the presidency of the United States.

Today, we can say in the words of Henry Olsen, the always astute political analyst, that “Trumpism is here to stay,” and that “there will be no conservative return to a pre-Trump consensus.” Advocates of such a return claim to represent republican rectitude and fidelity to constitutional norms now under threat from a supposedly reckless and demagogic populism.

In truth, however, whatever the virtues of the old consensus, its adherents were far from perfect or imitable in important respects. They were slow to resist “the culture of repudiation” (in Roger Scruton’s arresting phrase) that had colonized the educational and entertainment worlds, as well as the commanding heights of civil society, including large swaths of the business sector. In recent decades, these quarters hectored Americans and instructed them to hate themselves. Much of our elite class obsessed about race and gender in ways that undermined self-respect and propagandized groups based on accidents of birth to give themselves over to anger and despair.

The importance of civic education is something every American seems to agree on. All U.S. states mandate some form of it in public schools, with 40 states requiring students to pass a civics course to graduate high school. And despite the wave of universities jettisoning their general education classes, many still require some form of American heritage or civics class.

However, underneath the surface, these classes are often taught in a way that undermines citizenship. In what follows we discuss these pitfalls and make a few proposals for rehabilitating civic education. In sum, we suggest that:

1. A new paradigm is needed for understanding America’s heritage.
2. Forming students’ love for the United States should be the primary goal of American heritage and civics classes.
3. We can best help future citizens love their nation by focusing their attention on the most formative, heroic, and beautiful parts of its tradition.

The Use and Abuse of Civics

If you check in on your local college’s American heritage class, you will likely find it’s doing the opposite of what it was intended to do.

Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.

Mark Carney’s new liberal government is making it loud and clear that they’re switching things up on economic policy. Following record high public service growth under his predecessor, Carney’s recent call for massive cuts to public services have sounded the alarm for Canadians concerned about a worsening trade war with the Trump administration.

Arundhati Roy has long been one of my favorite and most admired writers. In Spring 2020 she wrote a stunning essay about COVID, The Pandemic is a Portal, which you can read in full here. But I’ll draw your attention to these paragraphs:

Whatever it is, coronavirus has made the mighty kneel and brought the world to a halt like nothing else could. Our minds are still racing back and forth, longing for a return to “normality”, trying to stitch our future to our past and refusing to acknowledge the rupture. But the rupture exists. And in the midst of this terrible despair, it offers us a chance to rethink the doomsday machine we have built for ourselves. Nothing could be worse than a return to normality.

Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next.

We can choose to walk through it, dragging the carcasses of our prejudice and hatred, our avarice, our data banks and dead ideas, our dead rivers and smoky skies behind us. Or we can walk through lightly, with little luggage, ready to imagine another world. And ready to fight for it.

As ever, Arundhati observed the bigger picture incisively, correctly sensing in early April of 2020 that a “return to normal” would present a missed opportunity for needed, radical change.

This article is read by Eunice Wong, a Juilliard-trained actor, featured on Audible's list of Best Women Narrators. Her work is on the annual Best Audiobooks lists of the New York Times, Audible, AudioFile, & Library Journal. www.eunicewong.actor

Text originally published July 12, 2025.