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Labor is in absolute panic mode as the government turns on itself.
Treasury Secretary Jenny Wilkinson has launched an extraordinary internal crackdown, demanding officials inform on their own colleagues suspected of leaking Jim Chalmers’ chaotic budget tax plans.
Here is how the wheels are falling off Albanese’s economic engine.
There is an internal civil war as Wilkinson’s memo directly questions the “judgment and professionalism” of her own Treasury mandarins, sparking massive internal tension.
There has been a mass exodus and cronyism with over 50 leadership changes have rocked Treasury since the budget, with staff privately blowing the whistle on jobs being handed to political appointments who lack basic skills.
The Corporate Tax Association and peak business groups are slamming the rushed CGT changes, calling the consultation windows “absurdly short” and “wholly inadequate”. They openly state Treasury was dealt a “poor hand” by Labor.
This meltdown comes as government spending hits a 40 year high, outside Covid, productivity plummets to 60 year lows, and the overall tax take explodes to 24.1% of GDP.
Jim Chalmers’ department is gripped by mistrust, bad modelling, and an authoritarian hunt for leakers as their rushed tax policies implode.
Labor’s economic credibility isn’t just leaking, it’s completely sinking.
@Support_Pauline This happens once before.
Pension fund was "cleared"
of funds and deposition were made in notional contributions. Government of the time run out if money because you can't pay pension in notional dollars and comrade Kitting invented Super fund with your money 🤑.