Australia’s dairy reforms introduced a temporary consumer tax on milk, the revenues from which, were used to partially buy out quota from affected dairy farmers.
One fiscal-discipline measure that enjoyed some success in limiting the growth of government during the 1990s is that of the Tax and Expenditure Limitation, or TEL. TELs restrain government growth by limiting the amount that expenditures or revenues can increase in any given fiscal year.
An overview of Australia’s recent dairy reforms and the country’s phase out of marketing boards. A temporary consumer levy on milk is being applied to partially buy out quotas, the most difficult aspect of marketing board reform.
The high degree of income mobility in American society is a key reason why many of the poor and middle class oppose high taxes on the rich.
Across the world, very significantly lower electricity prices have resulted from replacing the monopoly supply of electricity with independent competing firms.
After weathering the 1997-98 Asian financial storm, Australia enters the 21st century with sustained economic growth of up to 4 per cent, unemployment less than 7 per cent, inflation less than 3 per cent and record low interest rates. Its long downward trend in living standards has been reversed.
The human damage of inflexible zero tolerance policy