I don’t believe Australia has a taxation problem.
I believe Australia has an accountability problem.
Australians are working harder than ever, yet housing is less affordable, the cost of living keeps rising, small businesses are buried in regulation, and families are finding it harder to get ahead.
At the same time, governments continue to make billion-dollar decisions that go catastrophically wrong.
Snowy Hydro 2.0 was announced as a $2 billion project. It is now expected to exceed $40 billion. The Auditor-General says the final cost still isn’t clear. Deloitte identified more than $130 billion in cost blowouts across just thirteen major government projects.
If an ordinary Australian repeatedly managed money like that, there would be consequences.
A business owner would lose their business. A company director could face personal liability. Every Australian is expected to be accountable for the decisions they make. Except, it seems, those spending taxpayers’ money.
When governments fail, ministers are reshuffled. Political parties blame each other. The bill is simply handed to taxpayers.
The people making the decisions rarely carry the consequences.
The people who do are families paying higher bills, workers paying more tax, small businesses absorbing more costs, and young Australians inheriting more debt.
Government debt already costs Australians around $27 billion a year in interest alone, and that figure is projected to keep rising. That’s money paying for yesterday’s decisions—not tomorrow’s future.
It doesn’t matter whether the government is Labor or Liberal.
The question is the same.
Who is accountable?
Australians don’t expect perfection, they understand that mistakes happen.
What they expect is the same standard of accountability that exists in every workplace, every business and every household across the country.
Because accountability shouldn’t end where politics begins.
And until it stops being optional for those who spend public money, Australians will continue paying the price for decisions they never made.
#What’s your thoughts…?
🇦🇺Peter Lyndon-James 🇦🇺
Saw this on FB: 🔥 🔥
On day 1 of my high school history class, our teacher got up and said:
“You are 15 or 16 years old. 200 years ago, people your age were married, planted crops, had children and built a cabin before winter.
You can do your homework. The bar is set embarrassingly low. You are not dealing with regional famine or plague. You do not have to save your family from marauders or go into battle to destroy your enemies.
You just have to sit down and learn from someone who cares about you in a safe air-conditioned room.
You have no excuses.”
This is the kind of teachers we need.
MILTON FRIEDMAN:
"CONSUMERS DON’T PRODUCE INFLATION."
"PRODUCERS DON’T PRODUCE INFLATION.
"INFLATION IS PRODUCED ONLY BY TOO MUCH GOVERNMENT SPENDING AND TOO MUCH GOVERNMENT CREATION OF MONEY, AND NOTHING ELSE."
This is one of the best illustrations of what socialism (in any form) does to the poor. It promises a ladder of programs & benefits but can’t lift people out of poverty. No country on earth has made the poor better off under socialist governments.
@LaceHodges@seanclarke911 Where does the government get the money from? Wouldn't it be better to allow people to income split until the child reaches school age at least
@meshygrey The incompetence of the bureaucracy who advised the know nothing political class is next level. They are unemployable is any job that has accountability.
If you can’t see what’s happening you either don’t know your history, you don’t understand strategy, or you may just be in complete denial.
I was first told about this 30 years ago.
It’s a long game. And we are on track.
David Friedberg just said what a lot of people in tech are thinking but won't say out loud and the evidence backs him up (Save this).
@friedberg argument is that the people who talk loudest about inequality, fairness, and protecting the working class are the same people building the most sophisticated machinery of economic control this country has ever seen and disguising it as virtue.
He calls it the Great American Politburo.
The Politburo, for context, was the small committee that ran the Soviet Union controlling the economy, education, media and what citizens could and couldn't do, while insulating its own members from the rules they imposed on everyone else.
Freeberg's case is that Elizabeth Warren, Bernie Sanders, and Ro Khanna are doing the exact same thing, American edition.
And here is the evidence.
Congressional members outperformed the S&P 500 again in 2024 , Democratic representatives averaged 31% returns while Republicans averaged 26%, compared to a 24.9% gain for the S&P itself.
Nancy Pelosi's Nvidia positions have returned 586% since 2021 while she simultaneously sat on committees regulating the semiconductor industry.
Elizabeth Warren publicly calls for soaking the rich while financial disclosures reveal she has made millions on Wall Street investments, the same markets she campaigns against.
A nonpartisan tracker of congressional wealth found that roughly half of all 540 members of Congress match or beat the S&P 500 on an annualized basis.
These are people with access to intelligence briefings, regulatory decision-making, and committee hearings held months before public disclosure and they're trading the whole time.
The AI angle is where this becomes directly relevant to every reader of this newsletter.
In February 2026, Sanders and Khanna held a town hall at Stanford specifically calling for slowing down AI development warning of profound dangers from AI controlled by billionaires like Musk, Zuckerberg, and Thiel.
They called for keeping humans in the loop," broad AI regulation, a federal AI regulatory agency, and ensuring productivity gains are shared with workers.
On the surface, that sounds reasonable. Who could be against sharing gains with workers?
But look at what that agenda actually means in practice, a federal AI regulatory agency means political appointees deciding which companies can and cannot deploy AI, which models can and cannot be released, and which applications are approved or denied with no market mechanism and no accountability to the people actually building the technology.
That is the Politburo structure Freeberg is describing, translated into tech policy.
People call it luck.
In 2017, I sold my house for 100 Bitcoin.
Since then, Bitcoin has crashed more times than I can count.
The difference wasn't luck.
The difference was not selling.
#Bitcoin#HODL#TheBitcoinFamily
Albanese’s sneaky DEATH TAX exposed.
He tried to ram through a disguised inheritance grab via Capital Gains Tax on family trusts.
Now forced to exempt testamentary trusts after the backlash.
$475 million budget black hole just to cover his deceit.
This is Labor’s war on your family’s hard earned assets – pure socialism dressed up as “fairness”
Albo lies, backflips, then hides the knife.
Totally unfit and incompetent.
Good morning!
Ahhhh…you’d thought I’d forgotten to keep posting this video of one of the greatest moments of pure incompetence in Australian political history.
It’s her Wayne Swan moment on steroids.
#resignkatygallager
Elon Musk:”You get taxed on what you earn, you get taxed on what you buy, and you get taxed on what you own. And what does it get spent on? A bunch of stuff you don’t even agree with.
That’s why we need to reduce the size of government, spend less money and let the people keep a lot more of their hard-earned money.”