King Charles is going to be coronated today.
Welcome to our article, World News Diary, May 2023.
We are writing this world news diary to remind us
of when these things have happened. We know already that this month of May in
Australia, there are two important things that will happen, one is King Charles
III coronation, the other is the federal budget. King Charles coronation does
not make any difference moneywise in Australia, but it is interesting to see
all the pageantry that comes with it. The federal budget is completely
different, it is all about money and what is in for me.
Anyhow, I have watched Kink Charles coronation
on TV. But let us say how the media reported it, and I quote hereunder.
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King Charles III and Queen
Camilla are being crowned at Westminster Abbey in the historic first
Coronation in 70 years today.
The monarch and his wife
smiled to the congregation as they walked through the church for a Christian
ceremony that dates back 1,000 years on a day dripping with glorious displays
of pageantry.
The two-hour service, pared
back from his mother's in 1953, is a pivotal moment in the history of the Royal
Family will balance ancient tradition and a future in the 21st century.
The national anthem played and
crowds shouted God Save the King as the couple on their 1.3mile journey from
Buckingham Palace through streets lined with 2million people and
7,000 British troops. 100million people are watching on TV around the world.
(Other reports of the ceremony)
The pomp and ceremony of King Charles' coronation has begun but
there was at least one glaring absence from the Westminster service, and no,
we're not talking about Meghan Markle.
Royal watchers noticed that whilst Prince George and Princess
Charlotte were in attendance, their younger brother Prince Louis left about
halfway through the prestigious ceremony for a period of time.
(End of quote)
I believe that something unusual happens when
these ceremonies take too long. What can we say children are children, even
when they are royals.
Anyhow, the ceremony was longer that we thought
it would take, but all ended up well. I am saying this knowing that with so
many people around, there could be a deranged person that could make trouble. As
we have seen later that some people say, Charles is not my King.
For me King Charles is just a replacement of
Her Majesty the Queen. You see, all things in this world come to an end, so, we
may as well get used to say, God save the King!
There is a lot more that we could say about the king coronation,
but I think this is enough for my diary. So, let us look at the budget.
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The Australian budget on the 9th of
May 2023.
The honourable treasurer Jim Chalmers, as
anticipated delivered the budget Tuesday evening the 9th of May, and
as usual some people are happy, and some are not. But let us say how some
people see this budget, and I quote.
- Lidia
Thorpe has slammed the government over the budget
- She
claimed First Nations people would be left worse off
- The
senator criticised stage three tax cuts and the Voice
Lidia Thorpe has blasted the Albanese government's budget, claiming it
primarily benefits the rich through tax cuts while leaving First Nations people
worse off.
The former Greens senator unleashed on Treasurer Jim Chalmers the
morning after the budget was handed down in parliament house on Tuesday
night.
'Well done, Jim. You delivered a budget that is in surplus and you've
done it while giving tax cuts to the rich,' she sarcastically began in a post
on Twitter.
The cuts Senator Thorpe is referring to are the stage three tax cuts
that scrap the 37 per cent marginal tax bracket, lowers the 32.5 per cent
tax rate to 30 per cent and creates a new top marginal tax rate of 45 per cent
for those earning over $200,000.
It means everyone who makes between $45,000 and $200,000 will pay
the same marginal tax rate.
- Treasurer
fails three times to say if he supports rent freeze
- Dr
Chalmers hasn't been 'focussed on that element of it'
Treasurer Jim Chalmers has attempted
to dodge questions on whether he supports a rent freeze after he was asked
three times for his opinion in a tense TV interview.
Interviewed on ABC's Insider, Dr Chalmers was asked by host David Speers
what his view was on a national rent freeze and if it was 'a good idea at the
moment'.
The Treasurer paused and audibly drew in a breath before offering his
response on Sunday.
'It's more a sense that we've got other things that we can do at the national
level and they've been my focus,' he said.
(End of quotes)
This is how the budget was reported on the internet
news.
----------------------------------------
Now what I think about this budget.
I believe that the treasurer Jim Chalmers has
done his best, we must admit that there is no money to spent, because of the
Covid consequences, that forced most government to spend more money that they
could afford, so, now they must try to repay the government debit first, before
they can do other things. Anyhow, the treasurer was asked about rent freeze,
but he dodged the question, so, we do not know what he is thinking about rent
freeze.
My views about the rent freeze, is that it must
not be applied. You see, the reason that the rent goes up, it is because there
are not enough properties on the market for rent. The reason why there are not
enough properties for rent, it is because there is not enough money on rental,
so, there are not enough investors willing to run affordable rental. Now, if
any government applies the rent freeze it will become worse, because the few
investors left, may want to close their business, when they need to expand. So,
it would be better if there is no rent freeze.
OTHER THINGS REPORTED IN THIS BUDGET.
- Tax
office getting crackdown boost
- Libertarian
group says it's unfair
The tax office received a funding boost in the Budget so it could crack
down on those making false claims in their tax returns, angering a lobby group.
This month, Treasurer Jim Chalmers allocated an extra $89.6million to the
Australian Taxation Office to expand its Personal Income Tax Compliance
Program.
While most of that funding is rolling out from July 2025, the tax office
is getting more resources to crack down on tax claims from July this year.
This will see tax officers focus on investor landlords who rent out a
property, lazy Australians making work-related claims who cut and paste from
last year's return, and homeowners who sell a property.
The tax office, in total, will receive $474.9million in the 2025-26 and
2026-27 financial years.
Australian Taxpayers Alliance president Brian Marlow, who runs a
libertarian lobby group, said the tax office crackdown was unjustified and has
launched a petition against it.
'Labor is effectively squeezing the wallets of ordinary Australians who
are already feeling the strain,' he said.
(End of quote)
My personal views about the budget. I think that this budget is typical
Labour Government budget, they want to grab as much money they can from anybody
that owns anything, even their own workers that have worked hard, they are a
bit like the communist party, that want to control everything.
But the Australian economy is based more on capitalism, where everything
becomes controlled by the market of supply and demand, so, the economy needs to
strike a balance by itself. So, one would wonder how they are going to balance
that?
For instance, today there are not enough rental properties. I believe
that the reason why there are not enough rental properties, it is because they
do not make enough money, therefore, they do not attract large investors. I
hope you see what I mean.
About this I will be talking in
another article. Now let us look at what else is happening in the world.
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What else is happening in the world.
Let us talk about this year G7 summit. (And I quote).
The 49th G7 summit was held from 19 to 21 May
2023 in Hiroshima,
Hiroshima Prefecture, Japan. Leaders at the summit The 2023 summit was the
first summit for British Prime Minister Rishi Sunak and Italian Prime Minister
Giorgia Meloni. [citation needed]
The
G7 summit in Hiroshima concluded with the release of the G7 Hiroshima Leaders’
Communiqué on May 21, 2023. The communiqué covered a range of issues including climate change,
COVID-19 pandemic, economic recovery, and geopolitical security1.
You can find more details about the commitments
and statements made at the 2023 G7 Leaders’ Summit in Hiroshima on this CSIS page.
(End of quote) I have noted that this
event did not attract much interest. The world was too busy to look at other
things.
Anyhow, the war in Ukraine is still going on.
(And I quote)
Here is the situation
as it stands on Friday, May 26, 2023.
Fighting
KEEP READING
list of 4 itemslist 1 of 4
Will
Ukraine’s new weapons help its fight against Russia?
list 2 of 4
Russia
moves on with plan to deploy tactical nukes in Belarus
list 3 of 4
US
accuses Wagner Group of supplying missiles to Sudan’s RSF
list 4 of 4
Photos:
Damage to Russian-occupied dam floods Ukrainian community
- Wagner forces began withdrawing from
Ukraine’s eastern city of Bakhmut and will hand over positions to the Russian army, the
mercenary group’s chief Yevgeny Prigozhin said.
- Prigozhin said he would return the bodies of a
United States citizen killed in fighting in Bakhmut and a Turkish citizen
found dead in a blown-up building.
- Mykhailo Podolyak, a Ukrainian presidential
aide, told the Reuters news agency that Ukraine had nothing to do with a
“strange and pointless” drone attack on the Kremlin, playing down the findings of two US media reports that said
otherwise.
- Ukrainian President Volodymyr Zelenskyy’s
chief of staff said Kyiv had secured the release of 106 prisoners of war
in an exchange with Russia. The soldiers, including eight officers, were
captured fighting in Bakhmut.
(End of quote) Anyhow, the last thing that I
have heard, is that Russia has bombarded a clinic in Ukraine, killing and
hurting patients.
My view about this useless war is this. The
world needs peace to solve the problems that we are facing. So, stop making
wars, and try to do something useful, that can help humanity in the future.
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To see the original article in Hub Pages, click on this link, World News Diary, May 2023.
