SPC workers are in the richest 1%

February 6, 2014

From John Roskam

Today’s Hey is dedicated to the Gosford Anglican Church in New South Wales.

Here and here explain what Gosford Anglican Church think of Kevin Rudd and climate change.

It’s been nearly three weeks and I’m still waiting for an answer from David Gonski, the chairman of Coca-Cola Amatil. Three weeks ago in my column in the Australian Financial Review I asked why a company as profitable as Coca-Cola (it’s most recent profit was $558 million) wants $50 million from taxpayers for one of its companies, SPC Ardmona.

Still…the $50 million Gonski wants for SPC is not as bad as the $5 billion a year he wants extra for education. (It’s no surprise Julia Gillard asked Gonski to be boss of her education review – they both like spending other people’s money.)

The 94 page industrial agreement between the SPC and the union is here. Go to page 17 and read section 2.7.3.4 about how workers can get 2 years pay if they’re made redundant.

SPC’s claims about what it pays its employees are not quite the full story, as The Australian pointed out today.

SPC employees are in the richest 1% in the world as you can see in this brilliant piece (scroll down to number 24) from Mark Perry at the American Enterprise Institute on Monday – ’50 reasons we’re living through the greatest period in world history’. If you’re reading this and you earn more than $70,000 US (which is $78,600 Australian) you’re in the richest 0.1%.

The poor are not poor because the rich are rich as explained in this outstanding article in The Washington Post on Monday by Robert J. Samuelson.

Sunday was Groundhog Day. It was a good excuse for the National Review Online to reprint Jonah Goldberg’s classic 2005 essay on the movie.

Charles Murray, the author of ‘Human Accomplishment: The Pursuit of Excellence in the Arts and Science, 800 BC to 1950‘ described the movie in The New Yorker as a ‘brilliant moral fable, offering an Aristotelian view of the world’ and as one of the 20 greatest cultural achievements since 1950.

In 2007 in the IPA Review we talked about how Groundhog Day even helps explain Austrian economics. Even the Left like Groundhog Day. This is a lovely piece from The Guardian on the twentieth anniversary of its release last year.

I got a big reaction to my column last Friday in the Financial Review on children banned from playing tiggy, banned from trading footy cards, and banned from doing high fives.

I can’t imagine what would happen to a child in South Australia if they tried to give someone a glass of water. Andrew Bolt can’t believe it – nor can we as we said on FreedomWatch.

Tickets are still available to see Dan Hannan in Perth and Melbourne. Thanks to our friends at the CIS, IPA members can attend at the CIS members’ rate. Details for Perth here and Melbourne here. Details of the Quadrant events with Dan in Sydney and Canberra are here.

Here’s what else the IPA said this week:

  

Click here to view Hey on the web | Click here to forward this email to a friend | Click here to unsubscribe

Institute of Public Affairs | Level 2 | 410 Collins Street | Melbourne | Victoria | 3000 | Australia

Subscribe to Hey... what did I miss, delivered each week for free directly into your inbox.


Subscribe in your RSS reader