Hi Paul,

You keep beating the same “eat the rich” drum. You see the wealth of people as something to be taken to help the disadvantaged. It has been the strategy of nations like South Africa, Zimbabwe, Mozambique, Cuba and Venezuela, invariably with horrible outcomes. Further, there is a vast body of economic analysis showing why the strategy is a bad one.

So rather than get economic policy ideas from the likes of Jacob Zuma, Robert Mugabe, Fidel Castro and Hugo Chavez, why not get a few ideas from nations like Singapore? Lee Kuan Yew saw the creation of prosperity as an objective, not an anomaly to be curtailed. That is where efficient spending, eliminating corruption, building productive infrastructure and investing in the skill set of the population triumphs over the politics of envy.

One example of many in Australia is net zero/renewables. The promise of wind and solar was of cheap energy and economic growth. Instead we have skyrocketing electricity prices along with the flight of industry, with $20 billion a year of taxpayer money going to koala clubbing grifters and god knows how much more being wasted on other bs projects. The money wasted alone on Snowy Hydro could have easily built 4gw of nuclear generation or refurbished every coal fired power station in the country, giving the nation cheap power and providing a great economic benefit.

If you want to look after the people you need a prosperous nation, not a nation bankrupted by corruption and idiotic ideas.

running up one trillion dollar debt, stealing money from those who worked for it and having filthy snouts in trough (ask Wells) shows these dei incompetent clowns are treacherous fools. And they talk about intergenerational theft. Dear oh dear!

Then there's all the off budget expenditure that escapes public scrutiny. It is outright fraud. Getting economic tips from Robert Mugabe is the icing on the cake. I can hardly believe that Magoo has done so much in a single year.

Hi Fester,

You have gone right off track here by comparing Australia with economic conditions in third world African countries, bring up the likes of Robert Mugabe etc, and a general spray about koala clubbing grifters etc. There's no "eat the rich" nonsense at all.

The government have an opportunity in tonight's budget to address intergenerational equity in the housing market in a small way, by correcting anomalies created by capital gains tax and negative gearing arrangements. You may not agree with change, but I believe its necessary to help create housing opportunities for younger home buyers.

If younger people are persuaded to see themselves as victims of their elders and turn to Labor for protection, so much the better – from Labor’s point of view.

‘One of the consequences of such notions as “entitlements” is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.’ Thomas Sowell

Hi Paul,

"There's no "eat the rich" nonsense at all."

When you target the wealth of part of a nation to help another part of a nation, that is by definition "eating the rich". It is a definition, not nonsense. I encouraged you to give examples of successful implementation and supporting research. You have provided none, saying only that disadvantaged people think it a good idea and you agree with them. Nor did I only give African examples. In fact, I said that whenever and wherever the eat the rich idea had been used it had failed. The link I gave also named Sweden as another nation that used the idea, but abandoned it after it failed.

If you want to help the disadvantaged then follow the lead of successful nations. Getting your economic policy ideas from dysfunctional shole nations will harm everyone along with defenceless koalas.