Attached is the Australian article by Matt Cranstone on how the Senate Inquiry into CGT is all a performative farce, and stitch up where they are preventing the actual experts testifying:
Jim Chalmers wants Australians celebrating a tax cut.
What he doesn't want them asking is:
📈 Is the total tax burden falling?
📈 Is government spending falling?
📈 Are workers keeping more of their income over time?
The answer to all three is no.
This is classic Chalmers statsplaining.
A small tax cut is being advertised loudly while much larger tax increases on investment, housing, savings and wealth creation are pushed through quietly. Labor's broader tax package raises tens of billions through changes to capital gains tax, negative gearing and trusts.
Meanwhile, workers continue to be hit by bracket creep and inflation. A tax cut that doesn't keep pace with rising costs is not a path to prosperity.
The real measure isn't whether taxes fall by a few dollars next month.
The real measure is whether Australians are keeping a larger share of what they earn and whether government is consuming a larger or smaller share of the economy.
Labor's answer is:
❌ higher taxes on investment
❌ higher government spending
❌ bigger government
❌ more redistribution
A genuinely pro-worker government would reward both work and investment, because tomorrow's jobs, wages and opportunities depend on today's savings, capital and entrepreneurship.
A worker who buys shares is a worker.
A worker who invests in an ETF is a worker.
A worker who starts a business is a worker.
A worker trying to buy an investment property is a worker.
Prosperity comes from encouraging all of them — not setting workers and investors against each other.
The problem with this Budget is that it celebrates consumption today while taxing the investment that creates prosperity tomorrow.
@ctindale The failure of these policies is entirely predictable.
Yet @AlboMP and @JEChalmers will move on to their fat government pensions, “We could never have predicted factors beyond our control etc etc”.
No skin in the game.
Senator McGrath, its all very well to churn out an oped piece for the Australian trying to reclaim Liberal Party values but the facts still remain.
The Party:
- didnt stand up for small business, small government, balanced budgets, low taxes and freedom between 2013 and 2022
- allowed federal agencies to impose more red tape and bureaucracy on SMEs
- backed the economy destroying Net Zero policy
- oversaw a massive over-reaction to Covid-19 that trashed livelihoods, family relationships and kids education
- allowed State Premiers to trample on our civil rights
- massively increased debt
- etc.etc.
Meantime, you conspired with others to oust Tony Abbott as PM and waged a jihad against conservatives within the LNP in Qld.
The oped piece is fine - thats what you should be doing. It's a pity though that in your time in the Senate you haven't stood for these values.
https://t.co/43bgwug7BP
🚀🇦🇺 Major tax reform could make Australia's economy world-class.
Christopher Joye's (@cjoye) bold blueprint:
- Permanently end bracket creep
- Flatter, simpler income tax (0% to 42%)
- Company tax cut to a flat 20%
- Zero CGT on first $20k gains + 10% IP rate
- Full instant expensing for business investment
Funded by lifting GST to 15% (broad base), a 50% NDIS trim, and slashing public service costs by 25%.
Net result? A modest surplus and a genuine productivity-led economy that rewards work, risk-taking and innovation instead of bureaucracy.
Australia doesn't lack money. It lacks courage. Time to choose.
#AusEconomy #TaxReform #Budget2026 #auspol