“Aspiration” is code for property speculation

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Via The Guardian:

Scott Morrison has declared the passage of the government’s $158bn tax cut package through the Senate a victory for “quiet Australians”, after Labor capitulated and joined the Coalition to vote for the 10-year plan.

Speaking after the package passed with only the Greens voting against it, the prime minister said parliament had voted to “reward aspiration”.

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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.