Zero immigration will not cost Australia $420bn

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The push to restore the new LNP leadership team has begun in the conservative press with open propaganda.

One Nation’s plan for “net zero” migration could blow out Australia’s debt by almost $420bn over the next 10 years, while barely making a dent in the nation’s welfare bill over the same period, bringing into question the core of Pauline Hanson’s economic ­policy.

Economists and immigration experts have rejected One Nation’s key policy platform to cap visas at 130,000 a year and achieve “a responsible net-zero immigration policy”, claiming the cap would do untold damage to the budget and the economy.

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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.