Do the kids reckon this budget created any winners?
Key takeaways
- For two elections in a row, Labor vowed to keep the current system of providing a 50 per cent discount on capital gains.
- If nothing else, they've been given a lesson in political economy trade-offs, broken promises and cold hard electoral calculation.
- For the former, it's confirmation that capitalists will always squeal like piglets when Labor clips their arrogant wings.
Why this matters: an international story with cross-border implications worth tracking.
For two elections in a row, Labor vowed to keep the current system of providing a 50 per cent discount on capital gains. (ABC News: Callum Flinn)
Link copied Share Share article"Things That Make You Go Hmmm…" as hip hop group C+C Music Factory asserts in their 1991 dancefloor banger, are those sweet mysteries and ironies of life that crystallise from time to time, which is how it feels after one of those weeks in Australian politics that might just have heralded what Germans call a "Wende".
As debate over the federal government's budget tax hit on wealth and assets continues to reverberate, one can't help but wonder how it's going down among the gen Zs and millennials it's ostensibly been designed to impress.