Yes, I know it's politics...
So I cut it.
Everything I've ever heard, read or thought about basic economics tells me to be really, really worried about this.
Either way that hand falls, it's a bad thing.
I really don't want to be deliberately offensive to those who's thoughts on the above differ from mine, but to me he's just spent 7,000 words saying "we need more taxes".
I can only speak from personal experience, but in the last 5 years, despite my pay going up about $20k gross, my PAYG tax has only overall risen by (and this is from memory) about 10% of that.
That's pretty much the difference between me buying my first house and not. It really is that close.
Now, what he's said sounds balanced and fair and entirely reasonable. And if what he ends up doing is providing equality of opportunity, then I'll hold him on my own damn shoulders.
What I fear is that he's after equality of result. Control. Set and monitored, naturally, by him.
And that is just plain scary.
Everything I've ever heard, read or thought about basic economics tells me to be really, really worried about this.
Either way that hand falls, it's a bad thing.
I really don't want to be deliberately offensive to those who's thoughts on the above differ from mine, but to me he's just spent 7,000 words saying "we need more taxes".
I can only speak from personal experience, but in the last 5 years, despite my pay going up about $20k gross, my PAYG tax has only overall risen by (and this is from memory) about 10% of that.
That's pretty much the difference between me buying my first house and not. It really is that close.
Now, what he's said sounds balanced and fair and entirely reasonable. And if what he ends up doing is providing equality of opportunity, then I'll hold him on my own damn shoulders.
What I fear is that he's after equality of result. Control. Set and monitored, naturally, by him.
And that is just plain scary.