Two chickens dominate parliament

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What a sad sack of Labor leaders these two are.

One is a backroom bovver boy with the economic nous of a gnat. The other wrote a PhD on economic reform and political bravery to fill the void of his own cowardice.

Like many successful political partnerships, their point of difference is that they are less obnoxious than the alternative, which only fortifies their poltroonery.

So, is one worse than the other? The leader who will canvass some reform possibilities only to dismiss them all? Or the leader that shuts everything down?

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Take your pick. This one. AFR.

Prime Minister Anthony Albanese has poured cold water on implementing any new tax changes before the next election, saying the government would be sticking to the handful of proposals it put to voters on May 3.

But as government sources confirmed that this month’s Economic Reform Roundtable would provide ideas to take to the next election, due by May 2028, new Treasury research made the case to curb the tax concessions for superannuation and capital gains which favour high earners and older people.

With both Albanese and Treasurer Jim Chalmers trying to hose down expectations about tax ahead of the three-day summit, the prime minister said despite there being “a whole range of ideas” being floated, “governments make government policy”.

Or this one. ABC.

Treasurer Jim Chalmers has repeatedly said he would not rule things in or out before the round table, billed as a contest of ideas as the government seeks to increase productivity and return the budget to sustainable footing.

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In one way, it is a trick question because neither has canvassed the key productivity policy for slashing immigration to zero. That said, is one worse than the other?

Probably not. What matters is that they are a toxic team of corruption and ineptitude, overseeing the decline and fall of Aussie living standards with no end in sight.

The last time Australia went through a process like this was after the 1890s mining boom, and it took ninety years to turn the coup around.

Cluck!

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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.