@pauldotm the key thing is the link between higher prices and higher wages. The problem is that wage growth has not been happening as fast as inflation so there is actually no problem. There is no inflation spiral for the RBA to fix. Also, interest rates affect those with mortgages and there are far fewer of them than in the past. That means young families are being hit hardest.

What is really needed is tax reform and broadening the tax base again to include Gina Rinehart and her ilk.
#taxreform #taxtherich