Sheridan: Government to cut migration intake in Budget

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Via Greg Sheridan today:

The Turnbull government will cut the size of the immigration program in the coming budget. The cut won’t be huge. I would guess about 10,000. But the very act ­represents a failure of national ­development.

This is a profound dynamic that in the long term imperils our future, if not our viability.

…Melbourne’s population will have grown by more than a million people. This is why so many people have turned against immigration. As I wrote last Saturday, I believe profoundly that Australia needs a much bigger population, not least for national security. But as readers pointed out to me with great justice, we cannot do this unless we are much more energetic about infrastructure. I would put it more grandly and call it nation building.

No it isn’t. It’s class war pure and simple as wages get crushed, house prices soar and poorer areas get crush-loaded while richer make hay out of it.

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A 10k cut is a PR stunt that will do nothing but at least it opens the door to more.

As for Greg Sheridan’s nonsense promoting the population ponzi, Leith already flattened it.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.