Latest / Credlin / Credlin | 25 September

Transcript

Credlin | 25 September · Credlin

0:02
Speaker 1: Peedo Kreblin live on Skyins Australia.
0:08
Speaker 2: Good evening, Welcome to the show. Here's what's coming up
0:10
Speaker 2: tonight on Credline. Don't believe it's spin coming from Gin
0:14
Speaker 2: Chalmers today. You're going to talk up this drop in
0:16
Speaker 2: monthly inflation. The reality is underlying price pressures remain stubborn.
0:20
Speaker 2: The Reserve Bank still not talking about any cut to
0:23
Speaker 2: rates until next year at the earliest. Why is it
0:28
Speaker 2: that everybody else on visitor easas have to pay for
0:30
Speaker 2: their own health care except those from Gaza, So why
0:34
Speaker 2: are tax payers on the hook for them?
0:36
Speaker 3: We'll get into that shortly.
0:38
Speaker 2: Plus Tony Abbat joins me as we approach the one
0:40
Speaker 2: year anniversary of the Voice defeat. Now, despite its emphatic rejection,
0:45
Speaker 2: the Voice agenda is still alive and well, now why
0:49
Speaker 2: is that?
0:50
Speaker 3: And what can we do about it?
0:52
Speaker 2: And it will be the mother of all broken promises
0:55
Speaker 2: if it eventuates. But Labor looks like it's preparing to
0:58
Speaker 2: make changes to negative gearing and capital gains tax. The
1:02
Speaker 2: Prime Minister today refusing to rule it out.
1:07
Speaker 4: Will you rule out changes to the getting gearing in
1:09
Speaker 4: property cases?
1:10
Speaker 3: This too? Or East?
1:12
Speaker 5: Well, what we're doing is doing the legislation that we
1:15
Speaker 5: have before the Senate, So I talk about what we're doing,
1:19
Speaker 5: not what we're not doing. And what we're doing is
1:22
Speaker 5: trying to get through that legislation.
1:26
Speaker 2: But first prime ministers, well they can survive a broken promise,
1:29
Speaker 2: particularly if they are in their first term honeymoon. But
1:33
Speaker 2: this is no prime minister or prime minister with a honeymoon,
1:37
Speaker 2: as the polls clearly show. And this is certainly not
1:39
Speaker 2: his first broken promise. Indeed, he seems intent I'm making
1:44
Speaker 2: broken promises and art form.
1:47
Speaker 3: Today's leads to news that.
1:48
Speaker 2: The Prime Minister is looking to wind back the rules
1:51
Speaker 2: on negative gearing and capital gains tax concessions is seismic. Remember,
1:58
Speaker 2: harming the capital gains tax, the discs gout and ending
2:01
Speaker 2: negative gearing for rental properties were the policies at Bill
2:05
Speaker 2: short And took to the twenty nineteen election, and that contributed.
2:09
Speaker 3: To his surprise loss.
2:11
Speaker 2: That's why Anthony alben Easy and Jim Chalmers have always
2:15
Speaker 2: ruled them out, including in the run up to the
2:18
Speaker 2: last election.
2:20
Speaker 5: Gearing now gliding without help to byskiing.
2:23
Speaker 3: Negative gearing is a good thing, but it wasn't the
2:25
Speaker 3: year negative gearing.
2:26
Speaker 5: We had a policy that we took to the election
2:29
Speaker 5: where we were not successful.
2:31
Speaker 6: Why was negative gearing and capital gains tax breaks a
2:33
Speaker 6: bad idea in twenty nineteen and a good idea in
2:35
Speaker 6: twenty twenty.
2:36
Speaker 5: Seen, Well, we've found a better idea, a range of them.
2:39
Speaker 7: You know, we've said multiple times we won't take the
2:42
Speaker 7: same tax agenda to this election that we took to
2:45
Speaker 7: the last election. We've already made some of that aspects
2:47
Speaker 7: incredibly clear, whether it's negative gearing or franking credits.
2:51
Speaker 4: Would you go back to some tax reform ideas that
2:53
Speaker 4: have been previously controversial, say franking credits, trust or negative gearing.
2:58
Speaker 7: We're not interested in going back on some of those
3:01
Speaker 7: commitments that we'd take in the earlier elections and ruled
3:03
Speaker 7: out before.
3:06
Speaker 2: But what was definitely off the table before the election,
3:10
Speaker 2: it's now definitely back on the table. With labor desperate
3:13
Speaker 2: for revenue to fund their cash splash, needing to keep
3:17
Speaker 2: the Greens bay on their left flank, and bereft of
3:20
Speaker 2: a housing policy other than a bill to rent scheme
3:23
Speaker 2: stuck in the Senate that looks like a lot of
3:25
Speaker 2: bang for very little housing buck. Now all that proves
3:29
Speaker 2: is that Labour wants to turn a nation of home
3:31
Speaker 2: owners with a stake in society into a nation of
3:35
Speaker 2: renters who.
3:36
Speaker 3: Are more than ever dependent on government.
3:39
Speaker 2: But looking back to this looming broken promise, if it
3:42
Speaker 2: comes to pass, well it will be the nailing the
3:45
Speaker 2: coffin for a government that's lurched from one calamity to
3:48
Speaker 2: another since the day it was elected. Today, the Age
3:52
Speaker 2: and Sydney Morning Herald reported that the government has asked
3:55
Speaker 2: Treasury to model changes it's negative gearing and capital gains
3:59
Speaker 2: tax on rental properties. The Prime Minister was asked about
4:03
Speaker 2: this last week and try to avoid the truth. Tried
4:06
Speaker 2: to avoid telling the truth by attacking the journalist.
4:10
Speaker 8: Are you saying negative gearing and capital gains tax concessions
4:15
Speaker 8: are absolutely off the table for you? Well, they're tax policies.
4:19
Speaker 1: But are those tax policies?
4:22
Speaker 8: Are those tax policies completely off the table for you?
4:25
Speaker 5: Well, Patricia, I don't answer the sort of those sort
4:30
Speaker 5: of questions in.
4:31
Speaker 9: The way that you mean good ones.
4:32
Speaker 5: Yeah, that's a good question.
4:35
Speaker 10: Are you are you going to say no to those
4:37
Speaker 10: or not?
4:38
Speaker 11: They're things that journalists.
4:39
Speaker 5: The next question is when will the election be that's
4:42
Speaker 5: not my next question. Yeah, well they're not terribly clever questions.
4:48
Speaker 2: Well, slippery is the best way to describe that sort
4:50
Speaker 2: of response. And when asked about negative gearing again today
4:54
Speaker 2: on the back of these headlines, alban Easy avoided telling
4:57
Speaker 2: the truth by being evasive.
5:00
Speaker 5: I've seen those reports and what we do is we
5:03
Speaker 5: value the public service. So from time to time, I'm
5:06
Speaker 5: sure the public service are looking at policy ideas.
5:12
Speaker 2: Mean and tricky said before about another government. Now, come on, PM,
5:16
Speaker 2: we know this is not how things work. We know
5:18
Speaker 2: the Treasury would only be costing proposals like this, proposals
5:23
Speaker 2: that you've ruled out before if they've been told to
5:27
Speaker 2: do so by someone very senior in your government. So
5:30
Speaker 2: let's cut the games. Plainly, the government's about to resurrect
5:34
Speaker 2: Bill Shorten's old policy and yet another breach of faith
5:37
Speaker 2: with the electorate, because you need the money, because you've
5:40
Speaker 2: blown the budget, because you need to show left wing
5:44
Speaker 2: voters that you hate capitalism just as much as the Greens,
5:48
Speaker 2: and the idea that making it more expensive to own
5:51
Speaker 2: rental properties, because this is what will happen if these
5:54
Speaker 2: changes go ahead. But somehow that will make rental properties
5:57
Speaker 2: more affordable and more available.
5:59
Speaker 3: Well, that's simply absurd.
6:01
Speaker 2: When Paul Keatying briefly ended negative gearing for rental properties
6:05
Speaker 2: in the nineteen eighties, what happened then rents went up,
6:09
Speaker 2: not down, and the policy was swiftly reversed. Of course,
6:13
Speaker 2: it might make some landlord's desire to offload their properties
6:17
Speaker 2: and depress house prices, but that would just mean that
6:20
Speaker 2: renters and owners would be worse off as a result
6:24
Speaker 2: of Labour's latest tax grab. As the Fairfax Papers report today,
6:28
Speaker 2: some two point two million Australians own a rental property.
6:33
Speaker 2: Now scarcely half a million have two or more, and
6:37
Speaker 2: about a million of those are negatively geared because their
6:40
Speaker 2: property expenses exceed their property rental incomes. We're talking here
6:45
Speaker 2: about teachers and nurses and tradees, not filthy rich slum lords,
6:50
Speaker 2: which is how the Left like to frame anyone with
6:52
Speaker 2: a one bedroom flat trying to get ahead and perhaps
6:56
Speaker 2: fund their retirement. Denying someone the ability to write off
7:00
Speaker 2: rental expenses against total rental income, well that would be
7:05
Speaker 2: to treat the business of owning a rental property differently
7:09
Speaker 2: to every other type of business. Denying the capital tax
7:13
Speaker 2: discount to rental housing would be to treat this kind
7:17
Speaker 2: of asset differently to every other kind. It would be
7:22
Speaker 2: letting the politics distort the tax system. It would be
7:26
Speaker 2: so the rich politics of envy that won't actually make the.
7:31
Speaker 3: Poor better off.
7:33
Speaker 2: But what else can you expect from this incompetent and
7:37
Speaker 2: dishonest government. Honestly, is there not any principle, not any
7:43
Speaker 2: promise that's up for grabs with this Prime Minister. I'll
7:48
Speaker 2: think I'll leave the final word here again to form
7:51
Speaker 2: a new South Wales Labor Treasurer Michael Costa.
7:55
Speaker 8: It's not just alb these We've always known he's not
7:59
Speaker 8: strong on policy. He's been a slogan peddler for all
8:01
Speaker 8: the time i've known. What disappoints me is the treasurer
8:04
Speaker 8: of the Federal Treasurer. I mean, he's a bloke that
8:06
Speaker 8: did a PhD on Keating and is systematically overturning every
8:11
Speaker 8: single reform of the hawk Keening government, of the Frankenstein government.
8:16
Speaker 8: Here a combination of Whitlam and the worst elements of Rudd.
8:26
Speaker 2: All Right, I'm going to leave a discussion of what
8:28
Speaker 2: was a big day in the Federal Court today. In
8:29
Speaker 2: the Deeming Perzuto case to my interview with the later
8:33
Speaker 2: on with Tony Abbott.
8:34
Speaker 3: But there's two points I.
8:35
Speaker 2: Want to pick up from comments made by the Liberal
8:38
Speaker 2: leader under oath today. The first that he could not
8:43
Speaker 2: outright condemn a pro Hummas protest, not a pro Palestine rally,
8:49
Speaker 2: let me be very very clear, but a pro Hummas
8:52
Speaker 2: rally Hummus, the outlawed terrorist organization. And the second that
8:58
Speaker 2: he could not outright condemn an example put to him
9:02
Speaker 2: by d Ming's barrister Zuechrzanthu of a biological male convicted
9:08
Speaker 2: of rape being put in a women's prism because they
9:11
Speaker 2: now self identified as a woman. Now, that says everything
9:17
Speaker 2: to me that you need to know about John Puzzuto,
9:20
Speaker 2: who views politics through the prism of his well healed,
9:24
Speaker 2: teal like seat and not the values of the Party
9:28
Speaker 2: of mensies, that he should feel honored and privileged to
9:31
Speaker 2: lead the party of free speech and freedom of association.
9:35
Speaker 2: As I said, I'll leave the rest of my discussion
9:38
Speaker 2: on today with my interview with former Liberal leader, former
9:42
Speaker 2: Prime Minister Tony Abbott.
9:44
Speaker 3: Coming out all right, I said to camera.
9:50
Speaker 2: Now for tonight's headlines, skyniest political reporter Olivia Casley Good.
9:56
Speaker 12: Evening, Anthony Alberizi is refusing to rule out changes to
10:00
Speaker 12: negative gearing and capital gains tax concessions. It's a stark
10:04
Speaker 12: contrast from last year where the Prime Minister was unequivocal booking.
10:08
Speaker 3: Consider revisiting.
10:09
Speaker 12: They need hearing.
10:09
Speaker 3: Policy of the election.
10:11
Speaker 12: No Now, housing is emerging as the main cost of
10:14
Speaker 12: living concern and the Greens are gaining ground by championing renters' rights,
10:20
Speaker 12: So the government needs a bold policy to win over voters.
10:23
Speaker 3: I don't think it's helping with the housing crisis.
10:26
Speaker 10: I think it should be abolished because I think it's
10:28
Speaker 10: driving up house prices.
10:29
Speaker 12: But with the election looming ever closer, the Coalition is
10:33
Speaker 12: spoiling for a fight.
10:34
Speaker 7: Just the idea that you would solve that cost of
10:36
Speaker 7: living crisis by imposing new taxes is only something that
10:41
Speaker 7: this Prime Minister and this treasure.
10:42
Speaker 12: Of good Dreamer and Labour is copying it from the
10:45
Speaker 12: left and right.
10:46
Speaker 7: The sooner we phase out negative gearing and the capital
10:48
Speaker 7: gains tax discount, the sooner that millions of rentals will
10:52
Speaker 7: finally have the chance to buy a home.
10:54
Speaker 12: Meanwhile, inflation fell to a three year low of two
10:57
Speaker 12: point seven percent last month. It's the first time in
11:01
Speaker 12: three years that inflation is back in the Reserve Bank
11:04
Speaker 12: of Australia's two to three percent target band treasured. Jim
11:08
Speaker 12: Chalmers says the figures show labor is helping to get
11:11
Speaker 12: cost of living pressures under control as the government tries
11:14
Speaker 12: to counter voter anger over its handling of the economy.
11:18
Speaker 7: I'm very proud of the changes that we made to
11:19
Speaker 7: the Stage three tax.
11:20
Speaker 12: Cuts, but RBA Governor Michelle Bulleck on Tuesday warned the
11:24
Speaker 12: decline in inflation is just temporary, ruling out a near
11:28
Speaker 12: term interest rate cut well.
11:32
Speaker 2: As I said, if it happens, it'll be the mother
11:34
Speaker 2: of all broken promises. Speculation that negative gearing rules are
11:38
Speaker 2: set to be scrapped by labor has dominated headlines across
11:41
Speaker 2: the country today. We'll get into all of that in
11:44
Speaker 2: the moment, but also making use today the release of
11:47
Speaker 2: the month the CPI numbers have dropped from three point
11:49
Speaker 2: five percent to two point seven percent. Yesterday, when the
11:53
Speaker 2: Reserve Bank held the official cash rates steady, RBA Governor
11:58
Speaker 2: Michelle Bullock said this about inflation, we.
12:01
Speaker 4: Will expect to see the cost of living relief come
12:05
Speaker 4: into play, and that what that's going to do is
12:08
Speaker 4: that's going to lower energy prices. If tomorrow we get
12:12
Speaker 4: an inflation number which has got a two in front
12:15
Speaker 4: of it, so it's back in the band, that doesn't
12:19
Speaker 4: mean that we've got inflation under control. It doesn't mean
12:22
Speaker 4: that inflation is sustainably back within the band. It just
12:25
Speaker 4: means it's back there at the moment.
12:29
Speaker 2: Well, despite the experts warning yesterday don't get ahead of
12:32
Speaker 2: yourself with a two in front, the treasure today couldn't
12:35
Speaker 2: keep a smile off his face.
12:38
Speaker 7: The new inflation numbers for August showed that headline and
12:43
Speaker 7: underlying inflation both went down substantially. These are very welcome,
12:48
Speaker 7: very encouraging, and very heartening numbers, not.
12:53
Speaker 2: Because of the government, more in spite of the government.
12:55
Speaker 2: To discuss this and more. I'm joined now by skynrec
12:58
Speaker 2: reporter Carolyn Marcus telegraphs James Willis.
13:01
Speaker 3: Well, welcome to you both.
13:03
Speaker 2: James. We'll start with inflation coming down this month. It
13:06
Speaker 2: is a good thing. But Labor seems to ignore the
13:09
Speaker 2: RBA's warning that it's the big energy handouts that are
13:14
Speaker 2: asking the true inflation figure, aren't they.
13:17
Speaker 6: Yeah, And of course, Labor, and good evening to you, Peter.
13:20
Speaker 6: Labor desperate to get a rate cut before they head
13:22
Speaker 6: to the poles. That is crucial for any chance that
13:25
Speaker 6: they have of being re elected with the majority. And
13:28
Speaker 6: I think at the moment people are smart enough to
13:30
Speaker 6: realize though, that the figures we've seen in the last
13:32
Speaker 6: twenty four hours are driven by cheap petrol and also
13:37
Speaker 6: cheaper energy prices, which are the results of everyone from
13:41
Speaker 6: the richest Australian to the poorest Australian receiving a handout
13:44
Speaker 6: that will wash through their accounts that as a result,
13:47
Speaker 6: they've said, geez, my power bill is cheaper this month.
13:50
Speaker 6: At the same time, though, and if you dig into
13:52
Speaker 6: the data, it might be good news on those two,
13:54
Speaker 6: but we've had price rises on fruit and veggies. We've
13:57
Speaker 6: had rises in rent, rises in services, and rises an
14:01
Speaker 6: insurance of fourteen percent in the twelve months to August.
14:05
Speaker 6: So sure, in one area people are getting a little
14:08
Speaker 6: bit of a discount at the bowser and also on
14:10
Speaker 6: their energy bills, but on a range of other services
14:13
Speaker 6: it's far too high. And if it was well and
14:15
Speaker 6: truly where it should be, then we would have had
14:17
Speaker 6: a rate cut by now, but as the RBA governor
14:20
Speaker 6: has said, the idea of a rate cut is still
14:22
Speaker 6: months away, highly unlikely, almost impossible by the end of
14:25
Speaker 6: this year, and so there's a lot of work to
14:27
Speaker 6: do once these energy discounts go away, which are very
14:31
Speaker 6: short term.
14:34
Speaker 2: And the big takeout to in all of this caroline
14:36
Speaker 2: is that people are desperate for their mortgage numbers to
14:39
Speaker 2: come down. We know it's about five billion in extra
14:42
Speaker 2: interest that we're all paying every month.
14:44
Speaker 3: I got a mortgage like everybody else.
14:45
Speaker 2: And if you're not paying a mortgage, you're likely to
14:48
Speaker 2: be in the rental market and they're all going up
14:50
Speaker 2: and up and up. So you know, yes, it's good
14:52
Speaker 2: to have a little bit cheaper petrol and maybe you
14:55
Speaker 2: can cut back when you're at the supermarket. All I
14:57
Speaker 2: think people are pretty lean now. The problem with the
15:00
Speaker 2: mortgages you've got to keep paying it or you lose
15:02
Speaker 2: your home. And that's what's killing labor politically.
15:06
Speaker 10: Yeah, and that's exactly what's reflected and all the polling
15:09
Speaker 10: recently which is just showing support for the government absolutely plummeting,
15:14
Speaker 10: and people voters continuing to nominate housing and cost of
15:18
Speaker 10: living as the main issues that they're concerned with. And
15:22
Speaker 10: as you say, how can cost of living be addressed
15:25
Speaker 10: and broad down if that huge chunk of your income
15:28
Speaker 10: or your pension that's going towards rent or mortgage repayments
15:33
Speaker 10: doesn't come down as well and isn't lessened. So I mean,
15:36
Speaker 10: even though the headline inflation figure came down today within
15:42
Speaker 10: that range of two to three percent that the RBA
15:46
Speaker 10: had signals it would need to inflation in order to
15:50
Speaker 10: cut interest rates, it doesn't mean that it's sustainably cut down.
15:56
Speaker 10: And the trimmed inflation rate is what economists say the
16:01
Speaker 10: RBA really is more interested in any way, and that
16:05
Speaker 10: remains too high above three point four percent anyway. So
16:10
Speaker 10: at this stage it's way too early for the treasurer
16:12
Speaker 10: to be popping champagne or more likely sparkling, because who
16:17
Speaker 10: of any of us can afford the French stuff these days? Anyway,
16:21
Speaker 10: We're going to have to wait at least eighteen months
16:24
Speaker 10: or two years to reach twenty twenty six when the
16:28
Speaker 10: RBA is actually thinking that it is going to reach
16:32
Speaker 10: sustainably low enough levels.
16:37
Speaker 2: James, there's politically stupid and then there's politically suicidal. I mean,
16:41
Speaker 2: label seems to think that rich people have an investment flat,
16:44
Speaker 2: but I tell you that's not the case, is it. No?
16:47
Speaker 6: And if this is in any way driven by the Greens,
16:51
Speaker 6: it's absolutely ridiculous. And we know the Greens views on housing.
16:54
Speaker 6: They're blocking a lot of overdevelopment while calling for rental
16:57
Speaker 6: freezers and a range of other completely nutty policies. I
17:02
Speaker 6: think this is political suicide for labor if they seriously
17:06
Speaker 6: go down this path. And the fact is we have
17:09
Speaker 6: seen this already in this term of government, where they
17:11
Speaker 6: said I know that we know changes to superannuation, Then
17:14
Speaker 6: the superannuation change was made, no changes to the Stage
17:17
Speaker 6: three tax cut. Then we found out they were getting
17:19
Speaker 6: advice on that, then they made that change, and we're
17:22
Speaker 6: hearing this again with negative gearing. I'm really really grateful
17:25
Speaker 6: that you highlighted what is the biggest misconception with this policy,
17:29
Speaker 6: that people like Harry Trigabov are benefiting from it only.
17:33
Speaker 6: I mean this is mum and dad investors that have
17:36
Speaker 6: put their life savings and their earnings into a second home,
17:40
Speaker 6: maybe a third home, but in most cases just one
17:43
Speaker 6: other home, and as a result get a tax break
17:46
Speaker 6: in return. I think this is a really dangerous one
17:48
Speaker 6: for the Prime Minister. There's more than a million people
17:51
Speaker 6: that benefit from it, and if he seriously goes down
17:53
Speaker 6: this path, then watch out because the public and the voters,
17:56
Speaker 6: the backlash will be significant.
18:00
Speaker 2: Look the seriously rich that they have very complicated trusts,
18:03
Speaker 2: they have private companies, they have very big shareholdings. They
18:08
Speaker 2: don't have a flat out in the suburbs to pay
18:10
Speaker 2: for their retirement. That's what ordinary people do. Because you know,
18:13
Speaker 2: I've got an investment property. I don't have any shares.
18:15
Speaker 2: I like to touch and feel my investment. I like
18:18
Speaker 2: to have something I understand. And that's where I think
18:20
Speaker 2: most Australians are and this is where I think Labor
18:24
Speaker 2: and the politics of envy have wrong footed them on this.
18:27
Speaker 2: Just quickly, Caroline Labor, the Special Minister for State, the
18:31
Speaker 2: Trade Minister Don Farrell, he's going pretty hard on the
18:34
Speaker 2: issue of the Teals and donations. He's worn the donors
18:38
Speaker 2: who back the teals are quote part of the problem.
18:41
Speaker 2: This is because Labor looks like they're going to bring
18:43
Speaker 2: in some reforms to election donations. This could be a
18:48
Speaker 2: game changer for those that ran under that climate two
18:50
Speaker 2: hundred bannit couldn't it absolutely.
18:53
Speaker 10: I mean that was backed, as we know, by Simon
18:56
Speaker 10: Holmes at Court, who is a very wealthy individual. But
18:59
Speaker 10: of course he's not happy about it, Nor are the
19:02
Speaker 10: Teals about these potential changes, which would put a cap
19:05
Speaker 10: on spending in individual seats. They'd also mean that donations
19:11
Speaker 10: would have to be capped, and they'd have to be
19:13
Speaker 10: greater disclosure of donations, which you would think would fit
19:17
Speaker 10: within the Teals platform of integrity, but apparently they are.
19:23
Speaker 10: There's one rule for them and one for everyone else.
19:26
Speaker 10: When it comes to this sort of thing. It just
19:28
Speaker 10: reminds me of when we see a Teal driving a
19:31
Speaker 10: gas guzzling four wheel drive or not having solar panels
19:35
Speaker 10: on their roofs, meanwhile telling everyone how deeply they care
19:38
Speaker 10: about climate change and lecturing everyone else. It just seems
19:41
Speaker 10: that they do what will suit them, obviously opportunistically, just
19:45
Speaker 10: like every other politician out there, really, but in this case,
19:49
Speaker 10: I think greater integrity and a more even playing field
19:52
Speaker 10: would be a good thing.
19:55
Speaker 2: Let's stay with hypocrisy, James. We've got renewable power line
20:00
Speaker 2: and renewable transmission lines that are going to literally be
20:03
Speaker 2: built right the way through of major New South Wales
20:05
Speaker 2: koala habitat. Now the Left used to be the party
20:08
Speaker 2: of the environmental movement, but not anymore.
20:12
Speaker 6: Yeah, and there's great hypocrisy and a double standard that
20:15
Speaker 6: we often see when we're considering a pole or a
20:19
Speaker 6: gas project compared to a renewable project, where we're led
20:22
Speaker 6: to believe that the people in charge say, it doesn't
20:25
Speaker 6: matter what we move and what we have to do,
20:27
Speaker 6: we just have to get this done to save the planet.
20:30
Speaker 6: In this case, they've discovered there's about sixty koalas that
20:34
Speaker 6: are on one of the transmission lines in the New
20:35
Speaker 6: England region of New South Wales.
20:37
Speaker 10: Don't worry.
20:38
Speaker 6: The government says that they're going to find a new
20:39
Speaker 6: home for them and everything else. But I think people
20:42
Speaker 6: are starting to wake up to this double standard that
20:44
Speaker 6: we see when there are issues or environmental concerns sometimes
20:49
Speaker 6: you know, First Nations concerns with renewable projects, they seem
20:53
Speaker 6: to be hit with a different standard to what we
20:56
Speaker 6: see with coal and gas. And the more that this
20:58
Speaker 6: goes on, the more people are waking up up to that.
21:02
Speaker 3: All right, I'll let you go out.
21:03
Speaker 2: I've got a paper to put out Caroline. Thank you
21:05
Speaker 2: to you as well, see you both next week. Now,
21:07
Speaker 2: I want to go to something that's been receiving very
21:10
Speaker 2: little attention, but a number of state governments. Well, they
21:13
Speaker 2: are offering free healthcare to people fleeing the Israel Gaza
21:17
Speaker 2: war zone on the six hundred subclass visitor visa. Now
21:22
Speaker 2: this is despite the federal government's own visa conditions that
21:25
Speaker 2: say people entering Australia on this visa class must cover
21:30
Speaker 2: their own health costs for the duration of their stay.
21:34
Speaker 2: For more on these, I'm joined now by the Australian
21:36
Speaker 2: Jewish Association President David Adler. Well, David, let's get this
21:41
Speaker 2: very clear. So we're talking about people that the Albertezer
21:46
Speaker 2: government brought out here on tourist visas because they admit
21:49
Speaker 2: it would be quicker and easier to get them in
21:51
Speaker 2: rather than assessing asylum claims. Now we find the taxpayers
21:57
Speaker 2: are on the hook for their healthcare.
22:01
Speaker 13: Absolutely right, Peter. What's happening here. The big picture is
22:05
Speaker 13: that we have radical social engineering underway by the Labor
22:11
Speaker 13: government and the taxpayer is paying for it. We know
22:15
Speaker 13: that they've given so far over eighty two million dollars
22:19
Speaker 13: into Gaza. We know that they have allocated over twenty
22:24
Speaker 13: five million dollars for social integration of these people. We
22:29
Speaker 13: now know that they have access to free healthcare as visitors,
22:35
Speaker 13: uncosted uncapped by the way, and also there's a big
22:40
Speaker 13: security cost as well. So the actual package that the
22:44
Speaker 13: Australian taxpayer is carrying is enormous, and the public healthcare
22:49
Speaker 13: is just another element of it.
22:53
Speaker 3: I presume too, David.
22:54
Speaker 2: We know that about seventy percent have put in a
22:56
Speaker 2: claim to stay here permanently. They've applied for protection. I
23:00
Speaker 2: have applied to be assessed as a refugee. I imagine
23:03
Speaker 2: when they leave this visitor subclass six hundred and move
23:07
Speaker 2: across to either a bridging visa or some sort of
23:11
Speaker 2: interim protection measure. Other things will come with that as well.
23:15
Speaker 2: In terms of taxpayer.
23:16
Speaker 13: Support, who knows. It would be a really interesting question
23:22
Speaker 13: to ask what is the total cost to Australia to
23:26
Speaker 13: the taxpayer, And keep in mind there is no mandate
23:31
Speaker 13: for this. No one took to an election that we
23:35
Speaker 13: should bring thousands into Australia from possibly the highest risk
23:43
Speaker 13: location on the planet and set the highest number of
23:48
Speaker 13: any country in the world It'll be really interesting to
23:52
Speaker 13: see if this continues as an issue for the forthcoming
23:57
Speaker 13: federal election, because I think that these concerns will act
24:03
Speaker 13: against labor very substantially.
24:07
Speaker 2: Well, I've got to University of Sidney, the vice chancellor,
24:11
Speaker 2: Mark Scott. He's resisting calls to resign following that admission
24:15
Speaker 2: that he failed Jewish students, he'd failed Jewish staff. They
24:18
Speaker 2: said they're unsafe on the campus during those pro Palestinian demonstrations,
24:22
Speaker 2: or clearly they were. It would appear today that it
24:25
Speaker 2: doesn't even have the backing of the chancellor who is
24:28
Speaker 2: his boss, David Thody. Is his position untenable?
24:34
Speaker 13: Well, one thing I can say absolutely is that the
24:37
Speaker 13: Jewish community, the Jewish students, the Jewish staff, have no
24:41
Speaker 13: confidence in him. And there is a level of accountability
24:47
Speaker 13: expected of our most senior managers. I mean, the guy
24:51
Speaker 13: earns around a million dollars a year. He is XABC,
24:57
Speaker 13: so perhaps having at least an anti the Israel perspective
25:02
Speaker 13: is to be expected. And unfortunately, our federal Minister for Education,
25:08
Speaker 13: Jason Clare, seems to be similar. If you were to
25:11
Speaker 13: look at his social media just in the last couple
25:13
Speaker 13: of days.
25:14
Speaker 2: Haven't look at his seat, David, look at the makeup
25:18
Speaker 2: of his seat.
25:19
Speaker 13: Indeed, and you'll see him expressing concern about civilian and
25:26
Speaker 13: child deaths in Lebanon now, but not a word about
25:30
Speaker 13: the hasbilit terrorism. So both of them seem to be
25:34
Speaker 13: hand in glove in terms of the perspective that they have.
25:39
Speaker 13: But our organization has actually called for his resignation, the
25:44
Speaker 13: resignation of Mark Scott. We do think that his position
25:49
Speaker 13: is untenable. It needs a new broom, someone who's willing
25:53
Speaker 13: to tackle the issues of racism and anti semitism, particularly
25:58
Speaker 13: on the university campus more effectively.
26:03
Speaker 3: David Adler, thank you. I made the point there too.
26:06
Speaker 2: Jason Claire, Western Sydney the seat to highest Muslim population
26:09
Speaker 2: in the country just over thirty percent right after the break,
26:13
Speaker 2: A growing reliance on Chinese made of tech and why
26:16
Speaker 2: it has security experts sounding the alarm. Plus Tony Abbott
26:20
Speaker 2: twelve months on from the Voice defeat, So why is
26:23
Speaker 2: Labor still pushing on with its U ULARU agenda by stealth?
26:33
Speaker 2: Welcome back, sil come Tony Abbott, he'll join me for
26:35
Speaker 2: his reflections almost a year on now from the Voice.
26:38
Speaker 2: Ce'll also try and get a response from him about
26:41
Speaker 2: another unedifying day in court for the Victorian Liberal Party.
26:45
Speaker 2: But first I want to return to something we discussed
26:48
Speaker 2: last night, and that's the growing concerns we have when
26:51
Speaker 2: it comes to reliance on technology coming out of China.
26:55
Speaker 2: And this was all spurred on by reports the United
26:58
Speaker 2: States is looking at a ban on Chinese made smart technology,
27:02
Speaker 2: which would hit the EV manufacturers, the car manufacturers, one
27:07
Speaker 2: brand in particular byd but also the one hundred and
27:10
Speaker 2: forty others about to hit the American market, something that's
27:14
Speaker 2: reported the Australian government is closely monitoring. Joining me now
27:19
Speaker 2: for more. Greg Sheridan for our foreign editor at The Australian.
27:24
Speaker 3: Greg it's now.
27:27
Speaker 2: It's now becoming such a factor technology of our life
27:30
Speaker 2: that the chips in everything right down to the frigid home.
27:35
Speaker 2: We've seen concerns in the US about drones. We've seen
27:38
Speaker 2: concerns here about cameras. How significant do you think about
27:43
Speaker 2: on electric vehicles out of China might be?
27:48
Speaker 9: Well, Peter, great to be with you. I think this
27:50
Speaker 9: is a potentially revolutionary and pivotal moment in the history
27:54
Speaker 9: of our civilization. I mean, without kin without overstating things,
27:58
Speaker 9: so to speak, because connectivity also produces vulnerability. Now the
28:06
Speaker 9: Israelis have just demonstrated that by blowing up all these
28:09
Speaker 9: pages that Hasbolla operatives had in Lebanon. But we know
28:15
Speaker 9: the reason your next guest to any Abbott van Huawei
28:18
Speaker 9: from our five Gen network was because the feeling was
28:23
Speaker 9: that all Chinese companies are subserving into the Chinese state
28:26
Speaker 9: or national security, and they could easily insert backdoors all
28:30
Speaker 9: through our five gen network which they could use to
28:33
Speaker 9: spy on us, or which they could use to disable
28:36
Speaker 9: the service in the event of hostilities. Now it's clear
28:39
Speaker 9: that you can also use this connectivity to make the
28:44
Speaker 9: computers which are connected do you know, violent or disruptive things.
28:50
Speaker 9: So I think eventually there's going to have to be
28:52
Speaker 9: a tremendous rethink about the security involved in connectivity and
28:57
Speaker 9: also the security of your supply chains for everything that
29:02
Speaker 9: is connected. I mean, we saw the whole global aviation
29:05
Speaker 9: system break down a month or so a couple of
29:07
Speaker 9: months ago because of one software update from one company,
29:13
Speaker 9: and the greatest minds in technology are going to have
29:16
Speaker 9: to devote themselves to how you protect against the vulnerability
29:20
Speaker 9: which connectivity brings and also the security of supply chains,
29:24
Speaker 9: which essentially means nothing which connects back to China, not
29:27
Speaker 9: only which is made in China, but which has to
29:30
Speaker 9: go back through a Chinese technology interface.
29:36
Speaker 2: Something that the Energy Renaissance Chief executive Brian Craighead reported
29:41
Speaker 2: on yesterday and this staggered me. We talk about those
29:44
Speaker 2: pages that obviously we're blown up in the hands of
29:48
Speaker 2: Hezbollah operatives last week. He talks about the batteries that
29:53
Speaker 2: the government would love you to have on your home
29:55
Speaker 2: as part of the renewable energy mix. He said, those
29:58
Speaker 2: batteries store about seven and a half thousand times more
30:02
Speaker 2: power than the pager. That there's a software program in
30:06
Speaker 2: the batteries. It's built in and a lot of made
30:08
Speaker 2: in China as we know, but the software programs also
30:11
Speaker 2: Chinese control that stops these batteries from overheating.
30:15
Speaker 3: He said, you just turn that off.
30:16
Speaker 2: If you're able to get in and corrupt that overheating
30:20
Speaker 2: mechanism so that they did overheat. He said, you'd basically
30:24
Speaker 2: have a bomb on every home and every Australian suburban street.
30:29
Speaker 2: Now this is huge, notwithstanding the fact that it would
30:31
Speaker 2: cripple our energy grid, but would also have fires up
30:35
Speaker 2: and down the street.
30:38
Speaker 9: Well, look, that's absolutely right, Peter. So I'm no technical boffin,
30:41
Speaker 9: but this just does have the absolute ring of truth
30:44
Speaker 9: about it. Now, every civilized human being and the whole
30:46
Speaker 9: planet hopes that China and the United States never never
30:49
Speaker 9: come to blows. But China has behaved with extreme aggression
30:54
Speaker 9: in its region and the South China Sea and the
30:57
Speaker 9: Taiwan Strait in Japan's territorial waters, against Australia in international
31:03
Speaker 9: waters and international airspace. It has a completely unified approach
31:07
Speaker 9: where every Chinese company is subservient to Chinese intelligence. It
31:13
Speaker 9: uses trade in a completely geostrategic mercandalist way. It seeks
31:20
Speaker 9: strategic dominance of strategic markets. Now, in the event of
31:25
Speaker 9: any hostilities between the US and China, which would necessarily
31:29
Speaker 9: involve US allies like Australia, do we really think that
31:33
Speaker 9: China would not use the vulnerability which comes from this technology?
31:38
Speaker 9: And do we really think that Chinese companies have not
31:42
Speaker 9: installed backdoors in a lot of this technology, And if
31:47
Speaker 9: they haven't done it yet, do we really think that
31:50
Speaker 9: going forward they're not going to do it? I don't
31:55
Speaker 9: really have a quick, ready solution to all this, but
31:58
Speaker 9: this is an enormous policy area. I'll make this prediction.
32:01
Speaker 9: The Albanesi government will do nothing at all about it.
32:04
Speaker 9: It'll be up to the Americans to do something, and
32:07
Speaker 9: then at the best we'll follow on to the Americans.
32:09
Speaker 9: But this is a huge vulnerability for our societies.
32:15
Speaker 3: Greig, just quickly.
32:16
Speaker 2: We've been focused on the war for some time at
32:19
Speaker 2: Israel's south in Gaza. Now we've obviously got a horrific
32:23
Speaker 2: situation in the north due to Hezbollah in Lebanon. Give
32:27
Speaker 2: us your assessment and where things are up tonight.
32:31
Speaker 9: Well, this is a terrible tragedy. We love Lebanon and
32:34
Speaker 9: every Australian has Lebanese Australian friends. Lebanon, like Israel, is
32:38
Speaker 9: a cradle of civilization. But Hesbella since October seven last year,
32:44
Speaker 9: has fired something like nine thousand missiles and projectiles at
32:47
Speaker 9: Israel and resulted in well over sixty thousand Israelis being
32:51
Speaker 9: evacuated from their homes in northern Israel. Israel is now
32:54
Speaker 9: saying we cannot tolerate that any longer. They're attacking Hezbollah.
32:59
Speaker 9: They're not the aggress here. They're responding to an active war.
33:01
Speaker 9: The Albanesi government is normal, contemptible moral relativism, is criticizing
33:06
Speaker 9: Israel for responding to sustained active war from Hezbollah, and
33:12
Speaker 9: Israel is saying to Hesbela, We're going to keep going
33:14
Speaker 9: until we degrade your military capability, and this will impose
33:18
Speaker 9: a huge cost on Lebanon, so we want the rest
33:20
Speaker 9: of Lebanese society to tell you to stop. It could
33:23
Speaker 9: all finish tomorrow if Hesbela stopped firing rockets at Israel.
33:27
Speaker 9: And it's also a question for Iran, are you going
33:30
Speaker 9: to stand by and watch hesbal are destroyed or are
33:32
Speaker 9: you going to engage in a war with Israel, Because
33:35
Speaker 9: up till the moment, Iran has caused all this destruction,
33:39
Speaker 9: war and death and misery, and yet has suffered no
33:42
Speaker 9: penalty because the Biden administration is so weak it doesn't
33:46
Speaker 9: impose an economic penalty on Iran for its actions. Israel
33:50
Speaker 9: now is asking questions of hes Balah, of Iran, and
33:53
Speaker 9: indeed of the Biden administration, and I suspect this is
33:57
Speaker 9: going to get worse before it gets better, because Israe
34:00
Speaker 9: cannot really stop now until it secures a stable security
34:05
Speaker 9: situation for its northern towns and villages.
34:10
Speaker 3: Greg, thank you all right.
34:12
Speaker 2: We're not too far off the one year anniversary since
34:14
Speaker 2: the Voice was emphatically defeated. But yet despite over sixty
34:18
Speaker 2: percent of Australians at every single stage rejecting racial separatism,
34:23
Speaker 2: the Voice agenda is still being funded with your money
34:26
Speaker 2: and pushed by stealth. We have so called truth telling
34:30
Speaker 2: inquiries currently going on in both Queensland and Victoria, not
34:34
Speaker 2: to mention the growing hostility in many Welcome to Country ceremonies.
34:39
Speaker 2: Joining me now to discuss this, former Prime Minister Tony
34:43
Speaker 2: Abbott well, I thought we've got two big anniversaries about
34:47
Speaker 2: to land on us, so we need to stop and
34:50
Speaker 2: I think acknowledge where we are twelve months on the
34:53
Speaker 2: first of those. Tony is the Voice Australian spoke very
34:56
Speaker 2: very loudly. But we feel I feel certainly, and my
35:00
Speaker 2: viewers tell me that it's just being forced upon us anyway.
35:04
Speaker 2: I mean, didn't our governments listen to us last year
35:08
Speaker 2: when we rejected all of this, Well.
35:11
Speaker 14: They should have, but I don't believe they have because
35:14
Speaker 14: when we rejected the Voice, we were really rejecting the
35:18
Speaker 14: full Uluru agenda, which was Voice treaty and truth. At
35:23
Speaker 14: the moment, the government isn't talking about a Voice anymore,
35:27
Speaker 14: but they're certainly encouraging their state labor colleagues to get
35:30
Speaker 14: on with so called treaty and so called truth. Well,
35:34
Speaker 14: we are one country, we're not many nations, and you
35:37
Speaker 14: can't make treaties with yourselves. And our history is something
35:43
Speaker 14: that we should be proud of. It's not a history
35:45
Speaker 14: of shame. Sure, it's not perfect, and this idea that
35:49
Speaker 14: we should retell the story of Australia as one of
35:52
Speaker 14: shame is just absolutely and utterly wrong.
35:56
Speaker 2: I know you've just come back from a conference overseas,
35:58
Speaker 2: but the only counsel South Australia just voted to reinstate
36:03
Speaker 2: its Australia Day events on January twenty sixth. You get
36:07
Speaker 2: a sense that the tide is turning. But then we've
36:10
Speaker 2: seen some quite divisive welcomes to country anything but are
36:14
Speaker 2: welcome in recent times. And I think there is a
36:16
Speaker 2: growing mood Amongst Australians, particularly post Voice, to say enough
36:20
Speaker 2: of being welcome to our own country.
36:23
Speaker 14: Well, as you know, Peter, I think that the country
36:27
Speaker 14: belongs to all of us, not just some of us.
36:30
Speaker 14: That's why I don't like these welcomes to country unless
36:35
Speaker 14: it's very specifically a welcome to a particular indigenous event.
36:40
Speaker 3: So you wouldn't have them at the AFL. No.
36:42
Speaker 14: No, And you certainly fair enough if you're going to
36:46
Speaker 14: an indigenous event, say welcome to the pittinjar Olands or
36:53
Speaker 14: something like that. But the idea that everywhere you go
36:57
Speaker 14: there should be an acknowledgment that it's not our country,
37:01
Speaker 14: but it's the indigenous clans country. The idea that every
37:06
Speaker 14: speaker should stand up and acknowledge country. This is really
37:11
Speaker 14: an act of abasement. It's basically a confession that we
37:16
Speaker 14: shouldn't have settled this country in the first place. And
37:22
Speaker 14: it's a recipe for national neurosis. And that's the last
37:26
Speaker 14: thing we need. I keep thinking of what Bob Hawk
37:29
Speaker 14: so wonderfully said on by since in every day this
37:32
Speaker 14: is a country with no privilege of origin, This is
37:35
Speaker 14: a country with no hierarchy of descent. And if Anthony
37:39
Speaker 14: Albanesi wants to be the successor of Hawk, they're phrases
37:43
Speaker 14: he should remember well.
37:45
Speaker 2: Hawk also famously said, if a bell tolls for Israel,
37:48
Speaker 2: it tolls for all main kind. I mean twelve months on,
37:50
Speaker 2: almost since those horrific events of October seven. I never
37:55
Speaker 2: imagined we would be in a situation where the scourge
37:58
Speaker 2: of anti Semitism would be so entrenched, so institutionalized, so
38:04
Speaker 2: excused at the highest levels of our government as it
38:09
Speaker 2: is now.
38:10
Speaker 14: And October the ninth, just a couple of days later,
38:13
Speaker 14: was our day of infamy, when you had that crowd
38:17
Speaker 14: shouting unspeakable things in front of the opera house. What
38:22
Speaker 14: worries me about about all of this is that all
38:25
Speaker 14: too often our government is like a helpless bystander. We
38:28
Speaker 14: see these pro mass demonstrators and our governments say there's
38:32
Speaker 14: nothing they can do. We see these pro ho mass
38:35
Speaker 14: encampments on universities and elsewhere. It's a public nuisances, a
38:40
Speaker 14: part of everything else, And again our institutions say there's
38:43
Speaker 14: nothing that they can or should do. Who knows what's
38:48
Speaker 14: going to happen in the Middle East with Iran and
38:52
Speaker 14: Israel at loggerheads, and all the Prime Minister can say
38:55
Speaker 14: is Australian should leave Lebanon more helpless bystander stuff. Frankly,
39:01
Speaker 14: we should be sending one of our air warfare destroyers
39:04
Speaker 14: to the Red Sea or the Eastern Mediterranean, so that
39:08
Speaker 14: if Iran does send more missiles Israel's way, we can
39:12
Speaker 14: help to take them down. Perhaps we should be sending
39:15
Speaker 14: some of our fast jets to the Royal Air Force
39:17
Speaker 14: bases in Cyprus again, so that we can make a
39:21
Speaker 14: practical contribution to keeping the peace and protecting the only
39:26
Speaker 14: democracy in the Middle East, rather than just wringing our
39:29
Speaker 14: hands and calling for de escalation. Well, you don't win
39:33
Speaker 14: a war by de escalation, and Israel is fighting a
39:37
Speaker 14: just war against a series of apocalyptic death cults.
39:42
Speaker 2: Well we'll go from fighting in the Middle East of
39:43
Speaker 2: fighting in the Federal court.
39:45
Speaker 3: The Liberals are at war.
39:47
Speaker 2: I've spoken about this for many many months, As you know,
39:51
Speaker 2: I think it's unseemly. There's a very bad government in Victoria.
39:55
Speaker 2: But yet again that lives are making it all about themselves.
39:57
Speaker 2: And if the Party of Menzi, freedom of speech, freedom
40:01
Speaker 2: of association more a deemings, only crime it would seem
40:06
Speaker 2: was to turn up to a rally that was gay
40:08
Speaker 2: crash by Nia Nazis.
40:11
Speaker 3: Is this really where the Liberal party is? That a
40:13
Speaker 3: woman can't speak her mind.
40:17
Speaker 14: Sometimes you get the impression that as far as the
40:20
Speaker 14: Victorian Liberal leadership is concerned there's no place for conservatives
40:25
Speaker 14: inside the Parliamentary party in our.
40:30
Speaker 3: If we don't win with our concerns.
40:32
Speaker 14: Well, certainly at the federal level, the only liberals that
40:39
Speaker 14: win from opposition are strong liberals who are a clear
40:43
Speaker 14: alternative to Labor. Now, to get back to you original point, Peter, Plainly,
40:49
Speaker 14: our job is to fight the Labor Party, not to
40:51
Speaker 14: fight each other. And frankly, if the Liberal Party's Victorian
40:58
Speaker 14: leadership had been as strong against the Labor Party as
41:02
Speaker 14: they have been against More Redeeming, I think the party
41:05
Speaker 14: would be in a much better position. As for more redeeming,
41:10
Speaker 14: I think she had a perfect right to attend the
41:12
Speaker 14: Let Women Speak rally as far as I'm aware, other
41:16
Speaker 14: Liberals have gone to similar rallies at different times. The
41:21
Speaker 14: fact that it was gat crashed by neo Nazis is.
41:25
Speaker 13: Not her fault.
41:27
Speaker 14: And rather than being spooked by Dan Andrews coming out
41:32
Speaker 14: and accusing the Liberal Party of guilt by association, I
41:35
Speaker 14: think the leadership should simply have toughened up, stood up
41:39
Speaker 14: for more redeemings, right to free speech and freedom of association,
41:45
Speaker 14: and got on with the job of saying, of course,
41:49
Speaker 14: while we respect trans rights, we absolutely respect the rights
41:53
Speaker 14: of women too.
41:54
Speaker 3: Yes on neither or proposition. Toney have it? Thank you?
41:57
Speaker 3: Thanks all right, half.
41:59
Speaker 2: A great big panel lots on their negative gearing.
42:01
Speaker 3: We'll get into that.
42:02
Speaker 2: The staggering number of workdays too lost because of the CFMU.
42:06
Speaker 3: Action aren't the break.
42:12
Speaker 2: The boys in my area telling me I'm under time pressure.
42:15
Speaker 2: So let's get straight into it with my panel, Shadow
42:17
Speaker 2: Environment Minister John o'donnaham, Senator Jonathan Dunham, and senior fellow
42:21
Speaker 2: at the Mensis Research Center Nikita.
42:23
Speaker 3: Welcome to you both. I'll tell you what I said.
42:26
Speaker 2: It's politically naive, politically stupid, and then there's political suicide. Nick,
42:31
Speaker 2: going down the path of negative gearing. Yet again, if
42:35
Speaker 2: this is what Labor does, how do you rate it?
42:40
Speaker 11: I think it is as you say, it's political suicide.
42:43
Speaker 11: You know, we looked at this in the twenty nineteen election,
42:46
Speaker 11: when you remember Labor went with a policy to abolish
42:49
Speaker 11: negative gearing. It went down terribly, particularly amongst the immigrant
42:54
Speaker 11: communities youation migrants. We found that thirty percent ofation migrant
42:59
Speaker 11: families had investment properties. I think any form of taxation
43:04
Speaker 11: that on saving and Essentially what this is is a
43:07
Speaker 11: bad idea. But I think labor is really really in
43:11
Speaker 11: trouble if it pursues us any further.
43:16
Speaker 2: Senator, Treasury doesn't cost something on a frolic. Help people understand.
43:22
Speaker 2: If the Treasury Department's putting resources into the very complex
43:25
Speaker 2: modeling that would have to be done on a tax
43:28
Speaker 2: policy change like this, it's because someone at the very
43:31
Speaker 2: top of the tree is telling them they want it done.
43:36
Speaker 1: There are many people at the top of the tree
43:38
Speaker 1: that don't have the name Jim Charmers. I mean, that's
43:41
Speaker 1: exactly right, Peter. If the government were serious about this
43:44
Speaker 1: claim that Minister after minister made today, which was no,
43:48
Speaker 1: we have no plans, we have no intention, we have
43:50
Speaker 1: no proposal to look at changing negative gearing, then the
43:54
Speaker 1: Treasurer would have said to Treasury, have gone and done
43:57
Speaker 1: this modeling.
43:58
Speaker 4: It's confirmed.
43:58
Speaker 1: Now, do not include that in all of the advice
44:01
Speaker 1: you're preparing for us. Rule it out. But they didn't
44:05
Speaker 1: do that, which means it is on the cards for them.
44:08
Speaker 1: The government have said it on so many different things.
44:11
Speaker 1: Stage three was a prime example. It's been bandied about today.
44:14
Speaker 1: They can't hide from the fact that they are or
44:17
Speaker 1: they have form when it comes to breaking promises, and
44:19
Speaker 1: I reckon we're about to see the next one. The
44:21
Speaker 1: Times have called for it, and we now need to
44:23
Speaker 1: change our policy when it comes to negative gearing. Watch
44:25
Speaker 1: this space.
44:28
Speaker 2: Nick Labor says, you know, no one's interested in building
44:31
Speaker 2: nuclear power. We don't need to get rid of the prohibition.
44:35
Speaker 2: The coalition says, get rid of the prohibition, you'll see
44:37
Speaker 2: exactly who might be interested in building it. I broke
44:40
Speaker 2: this story on Monday night, the report that hit the
44:43
Speaker 2: Financial Times in London that fourteen major banks, announced by
44:48
Speaker 2: John Podesta is the White House Climate Advisor, have now
44:52
Speaker 2: moved to say they are aggressively going to fund nuclear power.
44:58
Speaker 3: This for Australia is a game changer.
45:03
Speaker 11: Yeah, it's a game changer for the world. Peter. I mean,
45:05
Speaker 11: this is a real, real significant turnaround by the banks
45:09
Speaker 11: which were heavily backing renewables, and also by big tech,
45:14
Speaker 11: particularly Microsoft, which you know is sinking another billion dollars
45:18
Speaker 11: to reopen the three Mile Island reactor because they need
45:22
Speaker 11: that power for AI and storage and all those things.
45:26
Speaker 11: So I think there's been a sort of a moment
45:29
Speaker 11: of realization. Reality has hit the tech industry and the
45:35
Speaker 11: financial sector to show them that they cannot get to
45:39
Speaker 11: achieve their climate goals, nor can they prepare their economies
45:42
Speaker 11: for the twenty first century. With the added demand for
45:46
Speaker 11: reliable electricity. It's a massive turnaround. This will benefit of course,
45:49
Speaker 11: Peter Dudden and labour now is looking all over the
45:53
Speaker 11: place on this question.
45:56
Speaker 2: Look at this as a shocking statistic in Queensland. This
45:59
Speaker 2: is in the June alone, ten and a half thousand
46:02
Speaker 2: working days were lost to industrial disputation just in Queensland.
46:07
Speaker 2: Next close to State Way four and a half thousand
46:10
Speaker 2: days lost. Casual workers working on Melbourne's twenty six billion
46:15
Speaker 2: dollar Northeast Link or connected to the CFMU are earning
46:20
Speaker 2: as much as three one hundred thousand dollars a year,
46:23
Speaker 2: John O. This is why you've got to crack down
46:28
Speaker 2: on the CFMEU.
46:30
Speaker 1: Hi absolutely, Peter, there is not a person out there
46:33
Speaker 1: doing it tough at the moment that thinks that anything
46:35
Speaker 1: of those stats, including frankly the obscene levels of pay
46:40
Speaker 1: you've just outlined, is in any way reasonable. I mean,
46:43
Speaker 1: it reminds me of sort of the dying days of
46:45
Speaker 1: the automotive industry in Australia where you had people at
46:49
Speaker 1: the end of the production line laying the carpet maps
46:51
Speaker 1: in the freshly made vehicles, earning six figures of pay.
46:55
Speaker 1: I mean no wonder we have industries in decline. We
46:59
Speaker 1: price ourselves out of the market, and these people who
47:01
Speaker 1: are doing so well out of these union agreements and
47:04
Speaker 1: with union aggression, do themselves out of a job. So yes,
47:08
Speaker 1: we do need a tough cop on the beaten labor
47:11
Speaker 1: simply doing what their paymasters asked for and letting these
47:14
Speaker 1: people run riot around the place, and so we will
47:17
Speaker 1: pay the price.
47:20
Speaker 3: Thank you, joentlemen. That apology.
47:22
Speaker 2: It's short and sweet tonight, terrific insights. As always, I'll
47:25
Speaker 2: catch up with you next week. All right, after the
47:27
Speaker 2: very quick break, Kel Richards, welcome back, joining me as
47:36
Speaker 2: he does every Wednesday.
47:37
Speaker 3: My good friend kel Richards. Well, I'll tell you what
47:41
Speaker 3: this one.
47:41
Speaker 2: We've got the wisdom of one of our viewers, Ted,
47:45
Speaker 2: who wrote to me and wants to know why first
47:47
Speaker 2: nations people shouldn't instead be referred to as nations first people.
47:52
Speaker 2: He says Australia wasn't the first nation in the world,
47:55
Speaker 2: although the indigenous people may have been the first to
47:58
Speaker 2: occupy our continent. I know it may sound like nitpicking,
48:01
Speaker 2: but it doesn't just sound right. It just doesn't sound
48:04
Speaker 2: right to me. He says, well, I think he's right.
48:07
Speaker 2: I think it is nation's first people.
48:09
Speaker 3: Kel of course it is.
48:11
Speaker 15: He's right on the money, So well done. The term
48:14
Speaker 15: first Nations was coined in nineteen eighty by Indian chiefs
48:18
Speaker 15: in Ontario, Canada, and as far as I can work out,
48:21
Speaker 15: it was picked up by Aboriginal activists around nineteen ninety five. Here.
48:26
Speaker 15: As far as I'm concerned, it's what I call an
48:29
Speaker 15: aggrandizing word. It's trying to make Stone Age tribal life
48:34
Speaker 15: sound very much grander than it ever was, and it
48:38
Speaker 15: carries political baggage. The Oxford, who rarely make editorial comments,
48:43
Speaker 15: make an editorial comment that first Nations goes with an
48:46
Speaker 15: ideology that acknowledges indigenous sovereignty and Indigenous rights. So it's
48:51
Speaker 15: a very politically loaded term. That's the problem.
48:57
Speaker 2: And you'll never get a treaty up if you want
49:00
Speaker 2: to keep calling them clans or tribes or any of
49:02
Speaker 2: the other earlier terms. If they suddenly become nations, stands
49:07
Speaker 2: to a reason you can do a treaty with Nations.
49:08
Speaker 3: That's where it's headed. Hey, Paul wants to know word salad.
49:11
Speaker 2: We talk about the gobbled and book coming out of
49:14
Speaker 2: Kamala Harris's mouth or ramblings.
49:17
Speaker 3: Word salad. Does it come with Kamala?
49:20
Speaker 15: No, it's much older. Goes back to the beginning of
49:22
Speaker 15: the twentieth century. Nineteen oh four. It began in the
49:25
Speaker 15: world of psychiatry. It was colled by some German psychiatrists
49:28
Speaker 15: to describe the incomprehensible babble of words coming out of
49:33
Speaker 15: the mouths of mental patients. Does that tell us anything
49:36
Speaker 15: about Kamala Harris? You may well think so. I couldn't
49:40
Speaker 15: possibly commit.
49:42
Speaker 2: Gordon possibly comment. Heybarry wants to know about the term
49:45
Speaker 2: kit and kaboodle.
49:47
Speaker 15: Kit has been around since fourteen hundred just means everything
49:49
Speaker 15: packed up to travel. Kaboodle much later, mid eighteen hundreds,
49:54
Speaker 15: and it seems to come from a Dutch word. Now
49:56
Speaker 15: the Dutch word is dahala boodle, I think, although we
50:00
Speaker 15: need Andrew Bolt to teach us how to say it properly.
50:02
Speaker 15: And the hail of boodle in Dutch became kerboodle, which
50:06
Speaker 15: means the whole estate by the way in Dutch.
50:09
Speaker 3: Have got time for tongue in cheek.
50:11
Speaker 15: We fit that one in yes, because we talk about
50:15
Speaker 15: it now meaning don't take this seriously. I'm just joking.
50:18
Speaker 15: But there actually was a gesture of sticking your tongue
50:21
Speaker 15: in your cheek, which preceded it by a couple of
50:23
Speaker 15: hundred years and was a way of mocking someone making
50:27
Speaker 15: say I'm not taking this seriously, So it was a
50:30
Speaker 15: gesture before it was an expression.
50:35
Speaker 2: There you go, oswords dot com dot au give us
50:38
Speaker 2: some more for next week.
50:39
Speaker 3: Thank you, Kelsey.
50:39
Speaker 2: Then that's it for me to see tomorrow night at
50:42
Speaker 2: six of course, at six up next to Andrew Bolt