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Third Way

Finding a balanced approach that combines the best aspects of both capitalism and socialism to create a more equitable and prosperous society.

Overview Issues Discuss

Third Way policies on economic issues

These issues below are sorted in descending order based on how important the average Australian voter ranked them on the quiz.

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the Economy  ›  Equal Pay

Should employers be required to pay men and women the same salary for the same job?

TW>TW  ChatGPTYes

the Economy  ›  Taxes

Should the government raise taxes on the rich?

TW>TW  ChatGPTLower the income tax rate and remove all existing tax loopholes for large corporations

the Economy  ›  Minimum Wage

Should the government raise the federal minimum wage?

TW>TW  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

TW>TW  ChatGPTYes, but in the form of increased spending on infrastructure

the Economy  ›  Four-day Workweek

Should Australia transition to a four-day workweek?

TW>TW  ChatGPTYes, and require overtime pay for work over four days per week

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the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

TW>TW  ChatGPTYes

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

TW>TW  ChatGPTYes, but provide treatment for those testing positive

the Economy  ›  Corporate Tax

Should Australia raise or lower the tax rate for corporations?

TW>TW  ChatGPTKeep current rates but eliminate deductions and loop holes

the Economy  ›  Welfare

Should there be fewer or more restrictions on current welfare benefits?

TW>TW  ChatGPTMore, reform the system so that it supplements, rather than replaces, a working income

the Economy  ›  Labor Unions

Do you believe trade unions help or hurt the economy?

TW>TW  ChatGPTHelp, in theory but have recently become corrupt and should have their powers limited

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

TW>TW  ChatGPTNo, focus on ending tax evasion instead

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

TW>TW  ChatGPTNo, but drastically increase taxes and import tariffs on outsourcing businesses

the Economy  ›  Farm Subsidies

Should the government subsidise Australian farmers?

TW>TW  ChatGPTYes, but only small local farms instead of large corporations

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

TW>TW  ChatGPTYes, adjust them yearly for cost of living

the Economy  ›  CEO Pay Cap

Should the government enforce a cap on CEO pay relative to the pay of their employees?

TW>TW  ChatGPTNo

the Economy  ›  Offshore Banking

Should Australian citizens be allowed to save or invest their money in offshore bank accounts?

TW>TW  ChatGPTYes, as long as offshore income is reported

the Economy  ›  Tariffs

Should the government add or increase tariffs on products imported into the country?

TW>TW  ChatGPTNo, a global free trade system is better for our businesses and consumers

the Economy  ›  Trans-Pacific Partnership

Do you support the Trans-Pacific Partnership (TPP)?

TW>TW  ChatGPTYes

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

TW>TW  ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy  ›  Tech Monopolies

Should the government break up Amazon, Facebook and Google?

TW>TW  ChatGPTNo

the Economy  ›  Private Equity Compensation

Should the government increase taxes on private equity executives?

TW>TW  ChatGPTYes

the Economy  ›  Decentralised Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

TW>TW  ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy  ›  Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

TW>TW  ChatGPTNo, classify cryptocurrencies as highly regulated securities

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