Maurzy

67. Retired. Married, mother of 3. Loves music, reading, travel and keeping up with current affairs on line. @[email protected]

[Aaron Smith @aaronsmith]

Thank you, Dave. I appreciate you reaching out to ask what you got wrong.

The clip we’re discussing is less than 90 seconds long. What I’m about to do demonstrates Brandolini's Law: where the amount of energy required to refute bullshit is an order of magnitude greater than that required to produce it. Or, in this case, it takes around 600 words to correct 90 seconds of your economic fan fiction.

1⃣ Between 0 and 30 seconds

You begin by confusing government debt with the Future Fund and appear to suggest that the Future Fund can't exist along side Govt debt.

They’re different things. One can exist without the other, and in Australia they do.

Australia's Future Fund was established in 2006 with an initial govt investment of about $60B. Its first annual report, in 2008, showed assets of around $64 billion - not the $100B you suggested.

Then, at around 27 seconds, you talk about the Future Fund as though it ceased to exist (you used the word 'had' as in past tense).

It still very much exists Dave. In fact, it's grown every single year since it was created. Today it's worth around $270 billion, or over $330 billion once the other funds under management are included (eg Medical Research / Housing Australia / Drought).

So before we're even 30 seconds into the clip you've managed to confuse government debt, the Future Fund, its size, and whether it still exists.

That’s a lot of economic history to get wrong in under 30 seconds.

2⃣ Around 32 seconds

You then claim Kevin Rudd used the Future Fund to "flush money through the economy".

Again, that’s simply false. The Future Fund wasn't used to fund the stimulus. It wasn't used to build school halls. It wasn’t used for any of the things you’re describing. In your defence, you do briefly flirt with the possibility that you don’t actually know what you’re talking about. Sadly, it was a very short-lived relationship.

The GFC stimulus was funded through government borrowing.

For context, construction approvals were collapsing, more than a million Australians worked in construction, and the objective was to stop unemployment exploding during the worst global financial crisis in generations.

You're welcome to argue that was the wrong policy (but you didn't). You’re not entitled to rewrite where the money came from.

3⃣ At about 44 seconds

You say, "I might be wrong".

I concede you were correct during this part of the video.

4⃣ From 44 seconds onwards

You make a series of broad claims about the GFC response.

Yes, government debt increased. That's true.

What you omit is that Australia's stimulus largely went directly to households rather than primarily rescuing financial institutions, as happened in many other countries.

The aim was simple: keep people spending, businesses operating and Australians employed while global demand collapsed. It's known as counter-cyclical fiscal policy.

Whether you agree with it politically is your business.

The specific outcome for Australia isn't contested though - Australia was one of only two economies in the OECD to avoid recession during the Global Financial Crisis. There's no reality where that wasn’t a comparatively impressive outcome.

The money didn’t need to "trickle down". The entire point was that it started at the bottom.

5⃣ Government debt

Throughout the clip (and in life generally) you repeatedly return to the theme Labor is responsible for Australia’s debt (which btw is comparatively low).

Here are the actual numbers of net debt added by each Govt since 2007.

> Rudd/Gillard: about $190 billion over six years.
> Abbott/Turnbull/Morrison: about $366 billion over nine years, around two-thirds of which pre-dated COVID.
> Albanese: about $75 billion over four years.

Those figures don’t support the story you've been telling people. And that’s really the issue.

This isn't about getting one date wrong or misremembering one statistic. Nearly every claim in your 90-second clip turns out to be either wrong or misleading.

If you're going to publicly lecture Australians about economic history, the bare minimum expectation is that you’ve first acquainted yourself with it.

Because once the errors have been pointed out, as they have been to you multiple times, every repetition stops looking like an accident and starts looking like a strategy.

Given your very public coffee with Angus Taylor last week, perhaps people are entitled to ask what that strategy might be.

[Maurzy @StraddyLady]

@JayJay91341991 @DHughesy Pure Garbage

[Margo @marggilroy]

@MikeCarlton01

[BladeoftheSun @BladeoftheS]

The USA has just withdrawn ALL the World Cup tickets supplied to Iran, meaning that none of their supporters will be able to attend their games.

Donald Trump is banning Referees and banning supporters, he is trying to fix the World Cup.

The USA have to be disqualified.

[Solo Monk @JJKALE2]

btw

The anti @abcnews protest where Charlie Pickering targetted his own ABC colleague was a pro-Israel protest organised by Sharon Kuperholz & Avi Yemini.

Yemini uses his substantial media platforms to cover, promote, and interview attendees at Kuperholz’s events.

Charlie knew

[Politic@l Spinner. @lesstenny]

What a nasty bitter miserable corrupt woman.. If you agree please repost. 😩 @PaulineHansonOz #auspol

[The Noisy Elephant @TheNoisyTrunk]

An Open Letter to Tim Wilson MP
@TimWilsonMP
Sunday 24 May 2026 – 11:44 AEDT

Re: National Press Club Address 20/5/26

Dear Mr Wilson,

On 20 May 2026, during your address to the National Press Club, you referred to a young entrepreneur named Sienna Jovcevski and her business, Tweeny Skin.

According to the official transcript and video of your speech, you stated:

“At the age of 12, Sienna set up Tweeny Skin in her bedroom.”

“Built after school, packed orders on weekends … reinvested basically every dollar back into the business.”

“Yet while Sienna finishes her HSC, she has learned she has a shareholder who wants to take half the reward of her effort.”

You later referred to this “half” as a potential 47% tax outcome when questioned by ABC journalist David Speers.

Mr Speers specifically asked you:

“The government says existing exemptions for small business would remain. So how exactly would Sienna lose half her profit?”

You responded:

“Well it depends on when Sienna chooses to opt out of her business and sell it and for what price…”

You later added:

“It could, depending on the exit strategy and price, ultimately face up to 47%.”

Mr Speers then asked:

“But is it possible she could pay no capital gains tax as well?”

To which you replied:

“We’re dealing with hypotheticals… It depends on when she decides to exit, it depends on what she sells for, it depends on what stage of life she’s at based on the current application of the law.”

Given the seriousness and specificity of the claims made in a nationally broadcast address, and the potential for those claims to alarm small business owners and young entrepreneurs, it is reasonable for Australians to seek clarification as to the factual basis of the example you presented.

Accordingly, could you please clarify the following:

1/. Prior to referencing Sienna Jovcevski and Tweeny Skin in your speech, did you make any enquiries regarding the legal ownership structure of the business?

2/. Did you seek to determine whether the business operates as:
→ a sole trader,
→ a company,
→ a discretionary trust,
→ or another legal structure?

3/. Did you seek to determine whether the business is legally owned, operated, or controlled by Sienna Jovcevski personally, or by other individuals, entities, or family structures associated with the business?

4/. Did you make any enquiries as to whether existing small business CGT concessions may apply to that business in the event of a future sale?

5/. Did you obtain or review any information regarding the approximate turnover, profitability, or scale of the business before presenting it as a national example of the impact of proposed CGT changes?

6/. Did you receive any professional taxation or legal advice supporting the proposition that the business would realistically face an effective 47% tax outcome under the circumstances you described?

7/. Given your acknowledgment that the example was hypothetical and dependent upon numerous unknown future variables, do you accept that your original framing may have conveyed a misleading level of certainty to viewers?

8/. Have you since sought clarification regarding whether your example accurately reflected the operation of Australia’s current small business #CGT concession framework?

These are reasonable questions arising from statements made by a Federal Member of Parliament during a nationally televised address on taxation policy.

Australians are entitled to expect that examples used in public policy debates, particularly those involving taxation and small business, are properly verified, accurately framed, and presented with appropriate factual context.

We look forward to your clarification.

Sincerely,

The Noisy Trunk
On behalf of many Australians

[SilencedSirs◼️ @SilentlySirs]

The BBC paid for the investigation.
Then refused to air it.
But Gaza does not disappear because a newsroom got scared.
The doctors spoke.
The destroyed hospitals are witnesses.
The real question is no longer what Israel did.

It is who decided the world should not see it.

[ℳ𝒾𝓇 ℬ𝑒𝓎 @10mirbeyxx]

Çin, Haritalarından 'israil' Adını Sildi.

Helal Olsun 👋

[AlwaysSussex🇳🇬🇬🇧 @thetruth21519]

This is Lord Mountbatten who was accused of sexual abuse against boys in Northern Ireland in the 1980’s. He is KC’s great uncle and mentor. For KC3 to mention his name to the very people that are supporting and trying to expose the Epstein paedo ring is shameful and ill advised

[Baba Banaras™ @RealBababanaras]

Meet Mohammad, a true Muslim and proud migrant from Pakistan. He attempted to rape a 12 year old Christian girl. When he caught, he clarified - "There is no age limit in our Islamic Sharia law for S€X, I don't know about UK rules."

Mohammad is safe & enjoying his life in UK.

[Jvnior @Jvnior]

I’m a Muslim Palestinian living in the West.

I’m being doxxed by Zionists on X.

I will post a full video soon.

If you see this, reply a dot.

[Chris Ship @chrisshipitv]

BREAKING: Prince Harry has arrived in Ukraine for an unannounced visit to Kyiv.

[Protect Kamala Harris ✊ @DisavowTrump20]

Retired 4-Star Navy Admiral and former Navy SEAL William McRaven on Donald Trump: "Through your actions, you have embarrassed us in the eyes of our children, humiliated us on the world stage and, worst of all, divided us as a nation."

RETWEET if you stand with Admiral McRaven!

[Ray Martin @Raymartin55]

What on earth is stopping us from doing this?

[Maurzy @StraddyLady]

@Bricktop_NAFO Good riddance!

[Maurzy @StraddyLady]

@NormalIslandNws 🤣🤭😂😆

[Carmella @Sussex5525]

“For years the royal family has operated as the world’s most expensive reality show. But w/ better costumes and honesty worse accountability. Cameras at christenings, Cameras at funerals, cameras at heartbreak”

Prince Harry simply told the truth.

Let’s share @SussexPulseHub vid

[Freddie Fotheringay @tomb09144]

@HelloCanada