As the MSM tears at its biased bodice and various wanker CEOs frown at the national capital today, it’s important to remember that the current Canberra chaos is about to deliver much better policy than Canberra calm ever did:
- no National Energy Guarantee, a disastrous climate policy that would have permanently frozen in the busted parliament all efforts to increase emission-reduction targets and failed to lower power prices to boot;
- new and more Draconian energy measures that are so far wrong but may yet get it right;
- no company tax cut, the $70bn budget ram-raid on behalf of foreign shareholders that would need to be reclaimed through other taxes in due course;
- no flattening of income tax rates meaning no grotesque tilt towards economically destructive wealth imbalances;
- desperately needed cuts to the immigration intake to take pressure off house prices, wages, crush-loaded cities and our strategic outlook;
- negative gearing reform to help deflate the property bubble permanently;
- more punitive measures for banks post-royal commission;
- further rollback of the of egregious tax concessions at the heart of the corruption of the Australian parliament;
- a much lower Australian dollar as all of these policies take effect, shifting us back to where we should have been in 2011, pursuing a post-mining boom adjustment based upon repaired competitiveness and tradables instead of another round of RBA bubble-blowing.
We should elect chaos more often.
