Deplorable Gotti urges Coalition scare campaign

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By Leith van Onselen

Instead of arguing on policy merit, baby boomer mouthpiece Robert Gottliebsen has urged the Coalition to wage an almighty scare campaign against Labor’s tax policies in a bid to wrestle electoral victory from the jaws of defeat:

A scare campaign would raise the prospect that all pensioners are in danger [from Labor’s franking credit reforms].

…there is no doubt that over time the ALP negative gearing rules will lower dwelling values… The people to whom a Coalition scare campaign would be directed are those that bought in the boom and are in, or close to being in, a state of negative equity. There’s also the small businesses owners that use their homes as capital. And those in the discretionary retail business know they will be hit hard if dwelling prices fall further…

This is an intergenerational election and he must lock in as many voters as possible aged over 50.

In other words, forget about the long-term good of the nation. Priority number one is ensuring Gotti’s baby boomer constituents are protected from sharing the burden of adjustment and continue to make out like bandits.

Time to retire, mate. You’re done.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.