Education is a private benefit which the government subsidises by using taxpayer's monies. It is time we allowed all schools to compete on equal financial terms and allow parents to select their child's education.
The relevance of micro-economic reform is that reduction in foreign debt leads to a more productive economy and an increase in living standards. However, it tends to be resisted by those that need it the most.
Statutory Marketing Authorities (SMA) has the power to tax producers. If the minister intends to regulate the market to make it efficient and just, individuals must be able to opt out of SMAs and SMAs also be subject to the Trade Practices Act.
There has been a previous referendum in December 1965 a reserve price scheme for wool but was rejected by the growers. The politicians still implemented the scheme without taking their views into consideration.
Deregulators have had the most success in the financial markets due to the former treasurer's championing financial deregulation and neither the banks nor the bank employees union opposing deregulation.