OPINION: It is time to embrace a new term in Australia: economic patriotism.
And it should apply to everybody - unions, business, government, and individual Australians.
The idea is this. We are in a critical situation. If you believe the advice it will get worse and apart from the risk to health there will be a significant risk to productivity and financial stability.
So to begin, we need a tax holiday. Part of the stimulus from government must be directly aimed at small businesses which will be struggling to survive. All states should lift or reduce payroll tax. The federal government must look at sensible and long lasting tax breaks, because this is a long-term problem.
Unions must put aside wage campaigns at least for now and forget industrial campaigns that hurt everybody.
Big business must find some generosity of spirit. There were some signs of early price gouging. Airlines were charging cancellation fees when people were quarantined; petrol prices were illogically high.
No more of that. And it is absurd that there is talk of punishing employees who are not unwell but are isolated. As much as possible bosses must help those workers get through as well.
More, there is a need for generosity on bills. Banks should be willing to declare a freeze on mortgage repayments. Telecommunication companies should not object to late payment. Councils must delay their absurdly high rate bills. Energy companies must not chase down debt with their usual enthusiasm.
Welfare groups like the Salvos will be struggling to meet the needs of desperate people. If you are not desperate, still working, spare them a dollar.
All business must be willing to cut customers some slack. It is humane, and it is good business. We will all be grateful, and when the world comes through this crisis, return to being loyal customers.
And a final thought. Welfare groups like the Salvos will be struggling to meet the needs of desperate people. If you are not desperate, still working, spare them a dollar.
We are all in this together. It is not business as usual. Unity of purpose is crucial.
3AW Mornings with Neil Mitchell is on from 8.30am to midday from Monday to Friday. You can subscribe to the podcast here.
Source: 9News https://www.9news.com.au/national/coronavirus-neil-mitchell-time-to-embrace-economic-patriotism/57b5f624-1f39-42af-9b6e-1ac82e3dbe17