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The mining tax does not ‘stack up’, government spending crowds out private investment and a budget surplus in three years is unlikely [PODCAST]


Talking Business is a weekly 15-minute podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics, such as Sinclair Davidson.

Mining tax, government spending, unemployment and the state of the economy

In this week’s overview of the economy, RMIT economist Sinclair Davidson talks about the latest unemployment figures, signaling that Australia is doing well compared to other countries. He says the problem in the US is government spending crowding out private investment. This needs to be changed. He says a similar change is needed here. He also talks about the mining tax. He says the theory does not stack up in practice and that the Government has created enormous problems for itself. A budget surplus in three years time, he says, is unlikely.


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Garry Barker and Leon Gettler both have established careers with ‘The Age’ newspaper, where Garry Barker is its Technology Editor, and Leon Gettler is a Senior Business Journalist. Gettler also works freelance on a number of other publications.