The Centre for Future Work has prepared a 4-page summary of our recent detailed report on funding needed improvements in aged care services in Australia, in the wake of recommendations from the Royal Commission into Aged Care Quality and Safety.
The summary is based on a full 80-page research report, Funding Quality Aged Care Services, published in May and written by David Richardson and Jim Stanford.
The summary report restates the key recommendations from the Royal Commission (including its emphasis on improving working conditions and job stability for aged care workers), highlights the ample fiscal capacity for the Commonwealth government to move ahead with implementing those recommendations, and then considers five specific revenue tools which could generate sufficient resources to pay for needed reforms. The most obvious (and perhaps fairest) would be for the Commonwealth government to cancel the planned ‘Stage 3’ elimination of the 37% personal income tax bracket: a move (already legislated) which would reduce revenues by at least $16 billion per year, but would deliver the vast majority of its ‘savings’ to the richest fifth of society. Surely, committing to the safe and respectful care of older Australians is a more important priority than further supplementing the take-home incomes of very well-off households.