When One Nation win seats in the next Victorian parliament, we will relocate the new Daniel Andrews statue to a special Museum of Underwater Art in Antartica.
I just realised #Albo has been my silent business partner for over a decade.
Doesn’t call. Doesn’t email. Doesn’t bring leads. Doesn’t attend buyer meetings.
But the second a deal settles? He’s there with his, hands out, ready for his cut.
Anyone know how to fire him?
#CGT
The Democratic Deficit
As we approach tomorrow’s Federal Budget here in Australia, the Albanese government is preparing to announce sweeping changes to negative gearing and the Capital Gains Tax (CGT)
discount.
While economists and housing advocates will debate the merits of these policies for years to come, a much more pressing issue sits at the heart of this week's announcements: the principle of the democratic mandate and the promises made to the Australian electorate.
To understand the gravity of what is happening this week, we have to look back at the last decade of Australian politics.
A Resounding Public Rejection (2016 & 2019)
Under the leadership of Bill Shorten, the Australian Labor Party explicitly took major housing tax reforms to the ballot box in both the 2016 and 2019 federal elections. Their policy platform was crystal clear: they proposed restricting negative gearing to only newly built housing and halving the CGT discount from 50% to 25%.
The electorate was given a clear choice to vote on these exact measures. The outcome?
In 2019, an election Labor was widely predicted to win...Shorten lost to Scott Morrison.
Post-election autopsies heavily cited these property tax changes as a primary reason for the defeat. The public had been given their say on altering negative gearing and CGT, and they decisively rejected it.
The Albanese Promise (2022)
Learning from the devastating 2019 loss, Anthony Albanese took a radically different approach to the 2022 election.
Recognizing that the property tax policies were politically toxic, the ALP adopted a "small target" strategy to neutralize the Coalition's attacks.
Before the 2022 election, Anthony Albanese explicitly and repeatedly promised the Australian public that a Labor government would not touch negative gearing, nor would they alter the CGT discount.
The message to the electorate was unequivocal: the controversial policies of the Shorten era were dead and buried. By removing this perceived risk, Labor secured the trust of the voting public and won the election.
The 2026 Reality: The Budget Backflip
Fast forward to today, on the eve of the May 2026 Federal Budget.
Extensive leaks and reports have revealed that Treasurer Jim Chalmers and Prime Minister Anthony Albanese are, in fact, rolling out massive overhauls to both systems.
The reported changes mirror the ghosts of 2019: negative gearing will be severely restricted for established properties acquired after budget night, and the 50% CGT discount is expected to be scrapped in favor of a pre-1999 inflation indexation model by July 2027.
Trust and the Democratic Process
Regardless of where you stand on the housing crisis or tax reform, the rollout of these policies represents a fundamental breach of democratic process.
The issue at hand is not whether scaling back negative gearing is sound economic policy. The issue is that a government is ramming through massive, structural changes to the tax system that they explicitly, verbally, and repeatedly promised they would not touch in order to get elected.
When a party takes a policy to an election and loses, the public has spoken. When a party promises not to enact that policy to win the next election, they have made a binding pact with the voters.
To reverse course mid-term, denying the public the opportunity to vote on a massive policy shift that impacts millions of Australians, it erodes the foundational trust between the electorate and the government.
Major tax reform should be taken to an election. The Australian public deserved a say.
#AusPol #FederalBudget2026 #NegativeGearing
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Locals are demanding police hand over man who allegedly kidnapped raped and murdered 5 year old girl to receive mob justice.
Hand him over, hurt a child you lose all rights to protection.
En Melbourne unas zurdas abrieron un café donde le cobraban un recargo del 18% a los hombres para compensar la brecha salarial de género, y adivinen, terminaron cerrando por falta de clientes.
Cómo doma Menger.
The resemblance is insane.
Left: Jeffrey Epstein.
Right: “Palm Beach Pete”.
Same moles in the exact same spots.
Same hairline.
Same nose.
Same face shape.
Thoughts?