Keating and Hawke give Scummo a reform gobfull

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At Domain this is quite a tea-party, Paul Keating and Bob Hawke give Scummo a reform gobfull:

It is a blatant denial of history for Scott Morrison to allege that the Labor Party cannot manage the economy when he knows the design and structure of the modern Australian economy was put in place exclusively by the Labor Party.

…Just as we stared down vociferous vested interests to modernise the tax system and make it fairer with the introduction of the capital gains and fringe benefits taxes, so Shorten and Chris Bowen have rightly tackled the blatant inequity and unsustainability of several concessions and tax expenditures – and much to their credit.

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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.