Fairfax Emma-nomics

Perhaps Fairfax should shorten its name to just Fair?

Jessica Irvine is Fairfax’s senior economics writer.  Her educational qualifications (from Linked In) are a Bachelor’s Degree, Economics (Social Sciences), majoring in Philosophy and Political Economy, Honours (University of Sydney 2000 – 2003).

The following opening paragraph comes from Irvine’s article this morning relating to the passage of tax cut legislation yesterday:

This entry was posted in Uncategorized. Bookmark the permalink.

31 Responses to Fairfax Emma-nomics

  1. mareeS

    Jessica Irvine. Pretty little Fairfax airhead, an embarrassment to herself.

    If she had spent any time in finance or investing her own money, she would do ritual suicide for her idiocy.

  2. .

    These are the tax cuts we don’t deserve and can’t afford.

    Has she looked at a decade of deficits, 60% whole of government debt to GDP ratio or the fact that the cost of servicing debt will gobble up most of real GDP growth?

    Ms Irvine should ask herself what happens to labour demand over a prolonged period when per capita GDP growth becomes less than the cost of servicing government debt and how servicing debt affects GDP growth.

    Especially with highly regulated labour markets and high levels of household and residential mortgage debt.

    The issue is spending, it cannot be justified even in a Keynesian framework. It is just waste and cynical vote buying.

  3. Entropy

    Given the widespread contempt for Irvine’s understanding of economics and finance, I do not understand why News Corp gave her a gig that lasted a while. It wasn’t as if her skills weren’t well known.
    She puts the dumb into dumb blondes. I can only put it down to the same reason commercial TV news is overpopulated by young girls. For the diversity!

  4. Entropy

    Another example by the way, of how putting ‘social’ in front of a word reverses it’s meaning. ‘Social’ Science indeed! What a bullshit qualification, no doubt taught by a bunch of losers unemployable in the real world. Also I don’t think the undergraduate course was at Sydney Uni.

  5. JohnL

    Jessica:
    It is better to remain silent and be thought a fool than to open your mouth and remove all doubt.

  6. mareeS

    Social justice, social cred, social worth, left left left, stupid stupid stupid.

    Idiots!

  7. Bruce of Newcastle

    I’d love for her to explicate the US.
    Trump cut company tax hugely and immediately.
    Unemployment dropped like a stone, especially amongst African Americans.
    Food stamp usage also dropped like a stone.
    Vast numbers of wukkas got bonuses from their companies.
    And the Federal budget went into surplus.
    How strange this happened.
    Could it be that Trump is doing well?
    I’m sure such veteran economics writers like Jessica and Emma can explain all this.
    Maybe then they can suggest to Malcolm he should do the same thing.

  8. Dr Fred Lenin

    The tax cuts are not at all fair the people who don’t pay any tax are not getting a tax cut! How are we going to attract voteherds of islamofascists and African criminal gangs without tax bonuses added to their welfare ?

  9. Entropy

    Bruce, those two thick twerps would just claim it as all obama’s efforts from the previous eight years! Just because it only all happened after Trumporangihitler was in office and implementing his policies is irrelevant, and it all happened despite those clearly wrong policies.

  10. flyingduk

    These are the tax cuts we don’t deserve and can’t afford.

    These are the tax cuts we will never see….. winter is coming and when it does, they will ruthlessly target anything and everything you have.

  11. JohnL

    “I’d love for her to explicate the US.”
    No, she can’t but she is cute.

  12. Nicholas (Unlicensed Joker) Gray

    That doesn’t sound fair- Fairfax gets all the cute journos, and Newscorp gets the nerds! Can’t they be distributed equally, or something? There outa be a law! Which politician will bribe me with a vague promise of equality?

  13. Roger

    Jessica Irvine is Fairfax’s senior economics writer.

    Yet another economics correspondent who thinks a tax cut is a hand out, a mantra often heard on the ABC.

  14. Spiny Pliny

    A bunyip couldn’t have put it better.

  15. areff

    I do not understand why News Corp gave her a gig

    There are some remarkably stupid people in News’ local dominion, which didn’t matter so much when Rupert was still fully on the ball. I mean, for an 88-year-old he’s still pretty swift, but supervising the far flung satrapies of his empire is clearly getting a bit too much.

    Think Rupert in his prime would have tolerated the Herald Sun’s circ decline, from 520,000 in 2009 to just 300,000 and change today? That number, just by the way, is sustained by the buy-a-coffe-get-a-free-paper shtick. Money changes hands, therefore it counts as “paid circulation”.

    If someone were to haul him off Jerry Hall before he does further damage to his back, even that wouldn’t do much good. The moment he goes to the Great Composing Room, the moron children will shutter the dead-tree papers anyway.

    I’d suspect the news person who hired Jessica also paid $22 million for Kohler’s joke of a site.

  16. max

    Taxman
    Song by The Beatles:

    Let me tell you how it will be:
    There’s one for you, nineteen for me.
    ‘Cause I’m the taxman, yeah, I’m the taxman.
    Should five per cent appear too small,
Be thankful I don’t take it all
’Cause I’m the taxman, yeah I’m the taxman.
    If you drive a car, I’ll tax the street.
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat.
If you take a walk, I’ll tax your feet.
    Don’t ask me what I want it for,
If you don’t want to pay some more.
’Cause I’m the taxman, yeah, I’m the taxman.
    Now my advice for those who die,
Declare the pennies on your eyes.
’Cause I’m the taxman, yeah, I’m the taxman.
And you’re working for no one but me.

  17. Myrddin Seren

    Yet another economics correspondent who thinks a tax cut is a hand out, a mantra often heard on the ABC.

    Regrets as I can’t readily find links buried back in the Cat vaults.

    Pretty sure though The Cat recognised a clear shift from the Left punditocracy not long after Obama’s ‘You didn’t build that…’ speech back in 2012.

    Namely – and as if magically as one voice – it became clear that ‘All Your Wealth Rightfully Belongs Government. And anything you are allowed to retain is a concession’ was now plainly the stated view of the Left economics world.

    Our Glorious Veneztralian Future.

  18. Entropy

    I’d suspect the news person who hired Jessica also paid $22 million for Kohler’s joke of a site.

    To this day I don’t understand that. Utterly pointless unless there was a kickback. Regardless of the value of the content, could you just get that on retainer? Say $150k for a weekly column?

  19. max

    wars and socialism:

    At the time of Federation Australia’s tax to GDP ratio was around 5 per cent.

    the introduction of the federal income tax in 1915, which was used to fund Australia’s war effort.
    Between the two World Wars, government expenditure and tax take was over 11 per cent of GDP.

    By the end of the Second World War, taxation revenue had grown to over 22 per cent of GDP.

    http://archive.treasury.gov.au/documents/1156/HTML/docshell.asp?URL=01_Brief_History.asp

  20. Roger

    Bachelor’s Degree, Economics (Social Sciences), majoring in Philosophy and Political Economy, Honours (University of Sydney 2000 – 2003).

    She qualified for Honours, which means she maintained a high GPA.

    Yet she provides no evidence of an ability to independently analyse an issue, but regurgitates Prog-Left talking points.

    More anecdotal evidence, if it was needed, that success at a contemporary university depends upon feeding back the lecturers’ prejudices: students are not taught how to think, but what to think. Universities are little more than intellectual sausage machines…and very expensive ones at that.

  21. Art Vandelay

    Her educational qualifications (from Linked In) are a Bachelor’s Degree, Economics (Social Sciences), majoring in Philosophy and Political Economy, Honours (University of Sydney 2000 – 2003).

    Also known as Marxist Political Economy.

    As is evidenced by her writing, that particular degree at Sydney Uni has nothing to do with with economics.

  22. max

    At the end of the nineteenth century each of the six Australian colonies had distinct tax systems, which were almost entirely reliant on customs and excise duties. The design of these tax systems was largely driven by administrative concerns, rather than principles of equity or efficiency.

    Customs duties were also designed to act as trade barriers between the colonies. One of the significant results of Federation in 1901 was the removal of all duties on goods traded between Australian states.
    http://archive.treasury.gov.au/documents/1156/HTML/docshell.asp?URL=01_Brief_History.asp

    Customs duties = the duties levied by a government on imported goods.

    Free trade is no good better we reintroduce Customs duties between states.

  23. H B Bear

    Our Jessica got where she is by standing on the shoulders of giants. Namely Ross Gittins.

  24. Reilly Weston

    Simply Brilliant Commentary Sparty!!

    +1000

  25. Blair

    “These are the tax cuts we don’t deserve and can’t afford.”
    Who’s we?

  26. Mother Lode

    leave the budget too vulnerable to future economic shocks

    She means it leaves the government’s budget vulnerable, and which she thinks we should fortify by taking from taxpayers budgets.

    Even if we are impoverished, the government is flush, and therefore so are we all.

    You have to expect this from someone who studied (and therefore thinks in terms of) political economy.

    Perhaps the government could try what they expect everyone else to do – tighten your bloody belt.

    Doesn’t Fairfax get tired of wading into issues where their own record reveals they have no understanding, and spending money they don’t have on ink they can’t afford to proclaim to the world what they can’t understand.

    Stick to Climate Change horror stories for the ‘End of the World is Nigh’ hobbyists.

  27. Shy Ted

    It might be carp but it’s still the most sensible thing the bimbo airhead has ever written.

  28. Dr Fred Lenin

    How much does the ponzi property boon contribute to our so called wealth ? The “valuations “ are a fraudulent con the local fascist councils base rates on these false valuations , and squander the money like the states and feds ,the property only gets the price when you sell it ,then you have to buy something else at inflated prices . Replacement costs of housing bear no resemblance to inflated price apart from the land . The foreign buyers are encouraged to keep the false prices high , one day the bubble will burst. If Trump keeps going the way he has been interest rates will rise dramatically ,it will be a slaughter in the fraudulent property market ,the bi]ubble will burst ,government budgets will be smashed , money will have to be borrowed at exhotbitant rates of interest ,that’s when to political revolution will destroy the elites who have wrecked western civilisation heads will roll,many heads .

  29. .

    The attitude of Gen Y and millennials regarding buying into housing:

    Hope I ain’t got long to wait…for the crackup.

    Like charging someone $500 a week to live in a 1 bdr dogbox.

    Sorry. Nothing personal, it’s just business.

  30. tgs

    Given the widespread contempt for Irvine’s understanding of economics and finance, I do not understand why News Corp gave her a gig that lasted a while

    Pretty sure she wrote for news.com.au and maybe the Tele/Courier Mail/etc, not the Oz.

    Doesn’t make it better, though.

    BTW another cracker, Sparticus.

  31. NB

    I hope that in the spirit of her analysis she will be making a voluntary donation to the Tax Office. I also hope she is thumping the table at Fairfax meetings insisting Fairfax do the same, evil corporation that it is. Gotta keep up with that social license.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.