" No one is taking wealth off one section of society and redistributing it to another. All it is doing is creating a level playing field for both."

It was a level playing field, now it's harder for all, especially the young. Just a tax grab for a profligate government. NZ abandoned Ng in 2021, only to reverse the decision a few years later.

So you've replaced Foxy here? Tough job.

Hi Fester,

So you've replaced Hasbeen here? Easy job.

Taylor thinks he's onto a vote winner with indexing the tax scales, whilst keeping Labors $1,000 instant tax write off, plus keeping Labor's WATO scheme which gives $250 cash back to wage earners every year. The only problem is the coast $250 billion for indexation, and another $250 billion to keep Labors schemes.

The Fraser government introduced bracket creep indexation in 1976, but abandoned it completely in 1982 due to economic pressures within the economy. To keep all his cash splash promises Taylor is going to have to borrow another trillion dollars to add to the already trillion dollar debt the Coalition created when in government.

For a level playing field you have to have level-headed players. Present demographic is unable to supply either !

Hi Paul,

Now you hark back to Fraser. I look at the budget in the context of economic theory and historical examples. It won't help young Australians. It won't help any Australians. It will help foreign environmental vandals and koala clubbers. It is a disaster and is decidedly on the nose with the punters.

Those on the Woke Left don't actually understand the concept of equity !

Indy,

Equity means that everyone except for the corrupt authoritarians in charge are equally destitute.

A budget that does nothing to curb graft and profligacy, with the measures taken all proven ways to make people and nations poorer. Magoo is a complete numpty.