In this episode we do some “back of an envelope” calculations and here are the figures we used.
- The government announced an extra $1.2b for education but Gonski needs $4.5b so we have to find $3.3b to achieve the same budget deficit.
- Taxing religions could generate somewhere between $5b and $10b
- Negative Gearing costs the budget about $4b-$5b each year
- The “small”