My Fin Review Op-ed tonight on the Budget.
Tonight Labor chose a side…well, a generation to be honest.
Three reforms serious economists called politically impossible for twenty years, negative gearing, capital gains, family trusts, landed in one night.
They landed for a reason. They landed for the seven thousand additional Millennial (migrant enrolments) and Gen Z voters who’ll be on the electoral roll by the next election, only one in five of whom consider themselves Coalition voters on a good day, with the sun shining….I am being very kind. Half the electoral roll will be made of these generations in 2028 and Labor’s current polling 2PP is close to 65% across both.
This is Labor’s praetorian guard. They don’t believe in five-dollar tax cuts dressed up as relief. They don’t believe in energy rebates. They don’t believe in announcements that end with “more help on the way.” They’ve sat through a decade of that and read it, correctly, as window dressing serious and complex problems.
What they want is structural reform on the issues that have shaped their adult lives. Housing, first. Tax, second. They are not waiting for a miracle. They are waiting for evidence that the work has actually begun and that someone is in their corner. Someone willing to rebuild the architecture in their favour - it will take time.
Tonight, for the first time in three decades, it touched the architecture.
The pre-budget ads on Instagram, TikTok and YouTube Shorts told you who this budget was for before Chalmers said a word. No national-interest dressing. He went directly to the bloc.
Link below.
This is the greatest video I’ve ever seen. No notes. The lifeless clanker carcass just laying there. No crowd reaction, anything. Just Billie Jean. Until its lifeless shell is shamefully dragged off. Purely amazing.
https://t.co/1CsmppWknF The constraints in German football make upward mobility a hard slog. But in recent seasons, no-one has done it better than Freiburg.