Economy: Direct investment vs trickle-down approach

Oct 6, 2020

Q. Which of the following is closest to your view on the best way to create jobs and grow the economy?

  Total Gender Age Group
  Male Female 18-34 35-54 55+
The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers 69% 67% 70% 57% 66% 81%
The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs 19% 23% 14% 28% 20% 10%
Unsure 13% 9% 16% 15% 14% 9%
Base (n) 1,066 531 535 340 341 385

 

  Total Federal Voting Intention
  Labor Liberal + National Greens TOTAL: Other
The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers 69% 72% 66% 77% 75%
The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs 19% 17% 22% 19% 17%
Unsure 13% 11% 12% 5% 8%
Base (n) 1,066 332 433 91 111
  • There is a majority preference for the government to directly invest in creating jobs and growing the economy.
  • 69% opted for direct investment, while 19% preferred deregulation and lower taxes. 13% were unsure between the two options.
  • There was no difference in the support for direct investment between men and women (67% to 70%), but men were more likely to select deregulation (23% to 14%).
  • There were no differences in preference between voters of Coalition or Labor, with the majority of each all favouring direct investment (72% of Labor voters, 66% of Coalition voters).

Continuation of short-term measures

Jun 16, 2020

Q. The Federal Government has introduced some short-term measures to help people financially deal with the Covid-19 outbreak. For each of the following, how long do you think do you think the schemes should continue?

    Should end as soon as possible Should end at current set date Should continue after the current end date Unsure
Providing free childcare for children in early childhood education

(Due to end 28th June 2020)

May 14% 33% 36% 17%
June 14% 28% 43% 14%
Increase to JobSeeker payments to $1,115 per fortnight

(Due to end 24th September 2020)

May 21% 28% 36% 15%
June 17% 32% 38% 13%
Provision of JobKeeper wage subsidy of $1,500 per fortnight to eligible employers for each eligible worker

(Due to end 24th September 2020)

May 17% 36% 32% 14%
June 14% 40% 34% 13%

 

TOTAL: Should continue after the current end date   Gender Age Group
Total Male Female 18-34 35-54 55+
Providing free childcare for children in early childhood education 43% 43% 44% 52% 45% 35%
Increase to JobSeeker payments to $1,115 per fortnight 38% 38% 37% 39% 40% 33%
Provision of JobKeeper wage subsidy of $1,500 per fortnight to eligible employers for each eligible worker 34% 34% 34% 37% 41% 24%
Base (n) 1,087 538 549 341 361 385
  • Support for extending the free childcare scheme beyond the current end date of 28th June has increased from 36% last month to 43%.
  • There has been no significant changes in the proportion of people who think the Jobkeeper (now at 34%) or Jobseeker (now at 38%) schemes should be extended beyond September.
  • Support for extending the free early childcare scheme is higher among those aged 18-34 than those aged over 55 (52% to 35%).

Tax reforms to reduce debt from Covid-19

Apr 28, 2020

Q. To what extent do you support or oppose the following suggested tax reforms to help reduce any debt Australia may have, as a result of the Covid-19 stimulus packages?

  NET: Support NET: Oppose Strongly support Somewhat support Neither support nor oppose Somewhat oppose Strongly oppose
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support 64% 9% 43% 20% 20% 5% 4%
Simplify the taxation system to a flat tax rate 43% 18% 16% 27% 27% 10% 8%
Removal of franking credits 32% 16% 15% 17% 27% 10% 16%
Removal of negative gearing 32% 25% 14% 19% 30% 12% 13%
Implement a tax on the value of property or money passed on when someone dies 18% 49% 5% 12% 22% 16% 33%

 

NET: Support   Gender Age Group
Total Male Female 18-34 35-54 55+
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support 64% 66% 61% 48% 61% 80%
Simplify the taxation system to a flat tax rate 43% 48% 38% 40% 39% 48%
Removal of franking credits 32% 36% 28% 36% 32% 28%
Removal of negative gearing 32% 36% 22% 34% 32% 32%
Implement a tax on the value of property or money passed on when someone dies 18% 23% 13% 27% 17% 10%
Base (n) 1,054 526 528 343 332 379
  • Participants most support preventing companies who are registered in offshore tax havens from accessing Covid-19 government support (64%) and are least supportive of implementing an inheritance tax (18%) to reduce any debt as a result of the Covid-19 stimulus.
  • Those aged over 55 are most likely to oppose removal of franking credits (39%), negative gearing (33%) and inheritance tax (63%), however they are most likely to support preventing companies registered in offshore tax havens from accessing Covid-19 government support, (80%).

COVID-19 RESEARCH

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