PM's digital business stimulus 'a rotten idea' from the 'Liberal party compost bin' by Sky News Australia on YouTube
PM's digital business stimulus 'a rotten idea' from the 'Liberal party compost bin'
The economic response to the coronavirus headed by the Morrison government reaches back into the “Liberal party compost bin of rotting ideas” and lacks innovation says Shadow Assistant Treasurer Andrew Leigh. The federal government is seeking to incentivise businesses to adopt and transition to digital technologies through its $800 million Digital Business Plan, in a move designed to allow more businesses to operate through the pandemic and boost Australia's GDP up to $6.5 billion over four years. Mr Leigh said while technological uptake was important, the “best way” of getting Australians engaged with technology was to expand education. “The idea we need to be taking money out of superannuation, that we need to be fighting culture wars in universities, that we need more irresponsible lending - these are discredited ideas that the Liberal party is running with," he said. “They’ve looked for an opportunity now to privatise the recovery, essentially asking Australians to rip money out of their retirement savings, to be poorer in retirement, in order to get through the pandemic. “Many other countries have provided much more generous levels of support.” Mr Leigh said the government should be looking to invest in “skills and productivity” in order to build the profit-yielding capacity of the nation.
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The economic response to the coronavirus headed by the Morrison government reaches back into the “Liberal party compost bin of rotting ideas” and lacks innovation says Shadow Assistant Treasurer Andrew Leigh. The federal government is seeking to incentivise businesses to adopt and transition to digital technologies through its $800 million Digital Business Plan, in a move designed to allow more businesses to operate through the pandemic and boost Australia's GDP up to $6.5 billion over four years. Mr Leigh said while technological uptake was important, the “best way” of getting Australians engaged with technology was to expand education. “The idea we need to be taking money out of superannuation, that we need to be fighting culture wars in universities, that we need more irresponsible lending - these are discredited ideas that the Liberal party is running with," he said. “They’ve looked for an opportunity now to privatise the recovery, essentially asking Australians to rip money out of their retirement savings, to be poorer in retirement, in order to get through the pandemic. “Many other countries have provided much more generous levels of support.” Mr Leigh said the government should be looking to invest in “skills and productivity” in order to build the profit-yielding capacity of the nation.
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