Latest / Steve Price / Steve Price | 8 November

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Steve Price | 8 November · Steve Price

0:00
Speaker 1: Live.
0:01
Speaker 2: This is Steve Price.
0:07
Speaker 3: Welcome to Friday Nights. Steap Price in the chair. After
0:09
Speaker 3: what really has been a global meltdown. This week, we're
0:12
Speaker 3: Donald J. Trump hammering the Democrat candidate Kamala Harris, becoming
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Speaker 3: the forty seventh US president in a landslide an election
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Speaker 3: with massive implications for our own trip to the polls
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Speaker 3: early next year. More on that shortly, but coming up
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Speaker 3: on that result and those smoke signals for our own
0:30
Speaker 3: political battle next year, we'll go back to the United
0:33
Speaker 3: States and to Ross Greenwood, who is in New York,
0:36
Speaker 3: will join us. First up tonight. The key driving force
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Speaker 3: behind Trump's victory was the issue of the cost of living,
0:43
Speaker 3: as US voters turn their backs on woke global warming
0:47
Speaker 3: and on identity politics. We'll have a look at the
0:49
Speaker 3: likely impact on the Australian economy with Robert Carling, and
0:53
Speaker 3: closer to home, the state planning to gouge taxpayers after
0:57
Speaker 3: they die with crawl increases in probate, whereas I like
1:01
Speaker 3: to call them death taxes. But first up, before we
1:05
Speaker 3: get there, let's celebrate a week of comebacks, farewells, and failures.
1:10
Speaker 3: I'm going to do it in that order. Now, to
1:12
Speaker 3: the comeback. It's almost impossible to put in simple terms
1:16
Speaker 3: what happened in the United States on Wednesday our time.
1:19
Speaker 3: We went into election day, many of us thinking it
1:22
Speaker 3: would be tight. The polls told us that, giving us
1:25
Speaker 3: another reason to doubt that people actually tell the truth
1:28
Speaker 3: when contacted by polsters. We thought it would be unlikely
1:32
Speaker 3: even to get a result on Wednesday at all, But
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Speaker 3: sure enough, in the early evening Australian time, Tom connell
1:39
Speaker 3: on Sky right here called it.
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Speaker 2: The race to two seventy. Well that is now over.
1:45
Speaker 4: Donald Trump wins the state of Alaska and as a result,
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Speaker 4: Donald Trump is once again going to be the president
1:52
Speaker 4: of the United States.
1:54
Speaker 3: Great stuff. Tom, the first one to call it, I think,
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Speaker 3: in the world now, the so called blue wall of
1:58
Speaker 3: democratic russ buckets. Well, they threw their support, didn't they,
2:02
Speaker 3: behind Trump, and with that it was all over. Kamala Harris,
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Speaker 3: like Hillary Clinton before her back in twenty sixteen, didn't
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Speaker 3: even have the grace or courage to face defeat and
2:13
Speaker 3: disappeared into the night, refusing to speak, leaving thousands of
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Speaker 3: her supporters at Brown University to wander off into the night.
2:20
Speaker 3: That was just pathetic and as the result is poured
2:24
Speaker 3: over some simple statistics. Eighty percent, and this is exit polls.
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Speaker 3: Eighty percent of Republicans said they voted for Trump because
2:33
Speaker 3: of the economy. It's the economy stupid, an incredible ninety
2:37
Speaker 3: percent of the same people said they voted on immigration,
2:40
Speaker 3: illegal border invaders, millions of them. And when you look
2:44
Speaker 3: at voter education, sixty six percent, a whopping number of
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Speaker 3: Trump voters were white with no college education, and overall
2:52
Speaker 3: fifty six percent had no degree. And in age, Donald
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Speaker 3: Trump grabbed fifty four percent of people aged forty five
2:59
Speaker 3: percent sixty four and almost half of his electors were
3:03
Speaker 3: aged thirty to forty four. In summary, Trump and the
3:07
Speaker 3: Republicans are now attracting working class, younger voters. And you
3:11
Speaker 3: only need to look at the map of the United
3:13
Speaker 3: States to see where they live. Now, wonder Harris with
3:16
Speaker 3: her elitist la New York woke support got smashed now,
3:21
Speaker 3: as I said to New York in a sec and
3:24
Speaker 3: Ross Greenwood, but to the farewells now, I want to
3:26
Speaker 3: do this in order. Two giants of Australian broadcasting, possibly
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Speaker 3: the two biggest ev John Laws and Ray Hadley, will
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Speaker 3: not be on air anywhere next year. And in the
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Speaker 3: case of Lawsy, that's almost seventy one years of constant broadcasting.
3:42
Speaker 3: I say almost because at the end of two thousand
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Speaker 3: and six, John Laws hung up the mic for the
3:47
Speaker 3: first time. Now I know that because I replaced him
3:50
Speaker 3: on Sydney's two UI for the next three years, which
3:53
Speaker 3: was a pretty daunting experience, I must say, taking over
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Speaker 3: his national radio program before that, I worked with John
4:00
Speaker 3: that to YUI for five years. It wasn't all good,
4:02
Speaker 3: not all good natured, let me tell you. He once
4:04
Speaker 3: threatened to knock my block off, but we got over
4:07
Speaker 3: that eventually. Pre social media, John was the original and
4:10
Speaker 3: best talkback host Australia had ever heard. He broke stories,
4:14
Speaker 3: He had a direct line to prime ministers everyone from
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Speaker 3: Hawk and Keating to Abbott and alban Easy. He championed
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Speaker 3: the bush. He knew how to have a laugh. He
4:23
Speaker 3: lived a giant life, flash cars, beautiful homes, a taste
4:27
Speaker 3: for great food and while turkey his favorite drink. The
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Speaker 3: story is a legend and I was honored to have
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Speaker 3: shared a studio with him. His last show on two
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Speaker 3: SM in Sydney will be on December thirteenth. Then came
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Speaker 3: the apprentice, Ray Hadley. I texted Ray yesterday to congratulate
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Speaker 3: him on a remarkable career. I call him the apprentice
4:46
Speaker 3: because he started his talkback journey filling in for John Laws.
4:50
Speaker 3: He then made morning radio his own Now. I worked
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Speaker 3: with Ray at TWOGB from twenty twelve to twenty nineteen.
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Speaker 3: He always won the ratings. He broke political careers, had
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Speaker 3: knack of knowing what the punters wanted to talk about.
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Speaker 3: His political antenna was so far ahead of the politicians
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Speaker 3: he was interviewing. It was uncanny. And he too liked
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Speaker 3: to laugh and never forget when he wasn't dominating talkback.
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Speaker 3: He was one of Australia's greatest callers of live sport. Ever,
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Speaker 3: Ray's calling during the Sydney Olympic Games of two thousand
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Speaker 3: and he called numerous Olympics was unbelievable. Just think Kathy
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Speaker 3: Freeman's four hundred meter gold medal, the Australian men's four
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Speaker 3: by one hundred meter guitar smashing gold in the swimming pool,
5:31
Speaker 3: featuring a young Ian thorpe spine tingling stuff. Ray also
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Speaker 3: hangs up the mic in early December, go well, my
5:39
Speaker 3: old friend, then we can get onto the failures. Let's
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Speaker 3: start briefly with the Australian Greens leader Adam Bant. What
5:46
Speaker 3: a joke here he is in question time yesterday after
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Speaker 3: the Trump victory.
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Speaker 5: Yes safe, will you now cancel the Orcus nuclear submarine
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Speaker 5: agreement so that we're not tied at the hip to
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Speaker 5: Donald Trump?
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Speaker 3: We support the Alcus arrangements because it is in Australia's
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Speaker 3: national interest. What a fool he is. Now, what's Adam
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Speaker 3: Banker to do to defend Australia. What's he going to
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Speaker 3: defend us with greenee bike riders or pro Palestinian protesters?
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Speaker 3: Poor old Adam. He now heads a hard left radical movement,
6:17
Speaker 3: not an environment party. And thankfully Australians are starting to
6:20
Speaker 3: wake up to all of that. Just look at the
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Speaker 3: Queensland election result. They're down to one seat. And finally,
6:27
Speaker 3: my old mate, poor old Kevin Rudd, our US ambassador
6:30
Speaker 3: and painful to remember, he was a two time Ossie PM.
6:34
Speaker 3: Kevin Rudd's captain's picked by Anthony Albanezi to be our
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Speaker 3: diplomat in Washington, will come back to haunt him and us.
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Speaker 3: Already this week we've seen historical vision of our Prime
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Speaker 3: Minister in a T shirt saying Trump scares him. And
6:49
Speaker 3: then we learned that Kevin Rudd was so confident Kamala
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Speaker 3: Harris would win the election he waking it until this
6:56
Speaker 3: week to wipe his social media insults over the years
7:00
Speaker 3: were aimed at Donald Trump. I can't wait to see
7:03
Speaker 3: what happens when keV turns up at the White House
7:06
Speaker 3: to present his diplomatic credentials. It will be priceless. The
7:10
Speaker 3: comeback King, the departing broadcast giants, and the losers. What
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Speaker 3: a week. Let's start at home now though, And this
7:23
Speaker 3: week the Reserve Bank left the official cash rate on
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Speaker 3: hold at four point three five percent, blaming an above
7:31
Speaker 3: target underlying inflation figure as the reason they've stayed like
7:34
Speaker 3: that for a year now. And there are still concerns
7:36
Speaker 3: we could see an interest rate rise before a fall,
7:39
Speaker 3: which is not due until at least mid twenty twenty five,
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Speaker 3: and that's bad news for the government. For more on this,
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Speaker 3: I'm joined by former IMF and Federal Treasury economists, now
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Speaker 3: senior fellow at the Center for Independent Studies, Robert Carling. Robert,
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Speaker 3: great to speak with you. It's been a huge week.
7:56
Speaker 3: We'll get onto the reserve in a moment. What impact
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Speaker 3: do you think the election of Donald Trump is going
8:02
Speaker 3: to have directly on the Australian economy.
8:06
Speaker 1: Well, there are two things to be.
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Speaker 6: Concerned about, and one is what he's saying about tariffs,
8:14
Speaker 6: and anything that puts sand in the wheels of free
8:21
Speaker 6: trade is unwelcome. And what he's talking about would be big,
8:29
Speaker 6: a lot of sand in the wheels of free trade,
8:32
Speaker 6: and it's especially unwelcome for a country like Australia that
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Speaker 6: depends so much on trade. And the other thing is
8:44
Speaker 6: the implications for the American budget deficit and debt, which
8:49
Speaker 6: is already very high.
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Speaker 1: And this is to be fair to Trump.
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Speaker 6: It's not a concern of anyone really in the American
9:02
Speaker 6: political system, but in his case, I think his promises
9:07
Speaker 6: would make it worse at a faster effect than the
9:11
Speaker 6: promises of others would. But on the other hand, lower
9:17
Speaker 6: taxes are always a good thing. But I would welcome
9:22
Speaker 6: that on its own, but we have to be mine.
9:25
Speaker 6: We have to be worried about what it means for
9:28
Speaker 6: the budget deficit of the US because the US capital
9:33
Speaker 6: market is so important in the world. If they have
9:37
Speaker 6: higher interest rates, it's going to have repercussions around the world.
9:42
Speaker 6: But it's often said that with Trump you have to
9:46
Speaker 6: take him seriously but not necessarily literally. So we can
9:51
Speaker 6: always hope that some of the far out things that
9:56
Speaker 6: he's talking about won't exactly happen in that form, and
10:00
Speaker 6: they'll be watered down in some way.
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Speaker 3: But it's early days, I know. But sorry, it's early days,
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Speaker 3: I know. But do you do you get a sense
10:13
Speaker 3: that the markets, the stock market, and the reserve in
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Speaker 3: the US, the FED have baked in a Trump win
10:22
Speaker 3: and are already now working out what to do about it.
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Speaker 6: Well, I think it was probably Judge more likely than Harris,
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Speaker 6: so in that sense it had already been priced in.
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Speaker 1: But the.
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Speaker 6: Reaction that we saw well on Wednesday in the US
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Speaker 6: markets shows that it hadn't had not been completely priced in,
10:49
Speaker 6: and they were They're particularly excited.
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Speaker 1: I think about the prospect of deregulation and.
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Speaker 6: A more a more welcoming or less resistant approach to
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Speaker 6: emergers and acquisitions and that sort of thing, and also.
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Speaker 1: A less demanding.
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Speaker 6: Approach to the big tech companies like Google, which was
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Speaker 6: under attack from the previous from the current administration, and
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Speaker 6: there's an expectation that the Trump administration will go lighter
11:32
Speaker 6: in those areas, So that was part of it as well,
11:36
Speaker 6: and just an expectation that the economy will probably will
11:41
Speaker 6: grow faster, at least in the next year or two
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Speaker 6: than it would have under a continuation of the Democrats.
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Speaker 3: Robert Let's come back home. Jim Chalmers, it looks like
11:54
Speaker 3: he's at odds with the RBI, he's telling Question Time
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Speaker 3: this week. The Central Bank looks at the headline figure,
12:00
Speaker 3: but just a day after Michelle Bullock spoke about watching
12:04
Speaker 3: the underlying inflation figure. Is he wrong or is she wrong?
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Speaker 3: And can you explain the difference to us between the
12:12
Speaker 3: two different figures.
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Speaker 6: Well, the headline figure is just the average increase in
12:19
Speaker 6: prices across the whole consumer price indext basket.
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Speaker 1: Of goods and services.
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Speaker 6: The underlying rate leaves out some things that are either
12:32
Speaker 6: volatile or particularly large increases or decreases.
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Speaker 1: On the grounds that they're not a good guide to
12:43
Speaker 1: the trend because they're likely to be temporary or reversed
12:47
Speaker 1: in the future.
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Speaker 6: And there are various ways to do this, but the
12:51
Speaker 6: Reserve Bank, the Reserve Bank's favorite way is what they
12:54
Speaker 6: call the trimmed mean, and in the September quarter, the
13:00
Speaker 6: headline rate, the headline increase was only zero point two
13:05
Speaker 6: percent in that quarter, which was a very small increase
13:09
Speaker 6: for a quarter, whereas the trimmed mean or underlying rate
13:14
Speaker 6: increase was a zero point eight percent, which is quite
13:19
Speaker 6: a large increase for a quarter.
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Speaker 1: So and a lot of that difference came.
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Speaker 6: About this time because of the reductions in electricity prices
13:30
Speaker 6: from the rebates that we all know about.
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Speaker 1: So you know that's the difference.
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Speaker 6: And the Treasurer says, the Reserve Bank looks at the
13:42
Speaker 6: headline rate, Well, they probably do look at it, but
13:46
Speaker 6: they don't emphasize it, and they are they are steered
13:50
Speaker 6: by the what I call the trim they call the
13:54
Speaker 6: trimmed mean or underlying rate. The Treasurer doesn't have a
14:01
Speaker 6: lot to boast about at the moment. He has good
14:06
Speaker 6: jobs growth and a low unemployment rate to boast about,
14:10
Speaker 6: but there's not a lot of else on the economic
14:13
Speaker 6: front to boast about. So he's in a difficult situation,
14:18
Speaker 6: and as he talks his way through that, he's likely
14:23
Speaker 6: to make claims like that which are hard to defend.
14:30
Speaker 3: Just briefly, what's your best guess on interest rates next year?
14:35
Speaker 6: Well, next year, yes, it certainly. There's a Reserve Bank
14:38
Speaker 6: Board meeting in December and it won't happen then unless
14:40
Speaker 6: there's some cataclysmic economic events in the world in the
14:45
Speaker 6: next six weeks, so it's more likely next year. I
14:51
Speaker 6: don't have any special insights into it. There are a
14:53
Speaker 6: lot of people paid to pontificate on that, and February
14:58
Speaker 6: and May are the favorite picks for the first reductions,
15:02
Speaker 6: but there are other people saying it may not happen
15:05
Speaker 6: at all in twenty twenty five, so we need to
15:08
Speaker 6: remember that. And also another thing to remember is that
15:13
Speaker 6: once there are reductions, don't assume that it's going to
15:16
Speaker 6: go back to some very low rate. It might go
15:20
Speaker 6: down to something like three and a half percent and
15:22
Speaker 6: just stay there. So reductions in interest rates are they're
15:28
Speaker 6: a political imperative for Anthony Albanezi, but they're not an
15:34
Speaker 6: economic imperative for the Reserve Bank unless they think the
15:38
Speaker 6: conditions are right for it. So they're not going to
15:40
Speaker 6: cut before the election just for that reason. They will
15:48
Speaker 6: be guided by the economic analysis, not the political.
15:53
Speaker 3: I reckon the Prime Minister would be pretty happy if
15:57
Speaker 3: he cut before the election. Robert Carlin, great to be
16:00
Speaker 3: with you. Thank you very much for joining us. Let's
16:01
Speaker 3: go to New York City. Now I mentioned Sky and
16:03
Speaker 3: his business editor Spring of Business, Ross Greenwood. Has he
16:06
Speaker 3: been doing a fantastic job. He's on the ground in
16:09
Speaker 3: the city that never sleeps. Ros's great to see you again.
16:12
Speaker 3: I mean, you were there on election night, you were
16:15
Speaker 3: at a rooftop bar, you saw the results come out.
16:19
Speaker 3: You're in a very left leaning city. How the good
16:21
Speaker 3: folk in New York City reacting to the re emergence
16:25
Speaker 3: of Donald Trump as their next president.
16:29
Speaker 7: Yeah, it look really calmly, to be honest, Steve. And
16:31
Speaker 7: one of the fears I kind of guess I had
16:33
Speaker 7: coming here was if say, Kamala Harris had won narrowly
16:38
Speaker 7: and it was contentious that maybe the whole town would
16:41
Speaker 7: have really erupted and we just boarded up sort of
16:44
Speaker 7: stores and all the rest of that type of thing protests.
16:47
Speaker 7: But no, it's incredibly calm. And so you know, even
16:50
Speaker 7: being out today in Times Square and being out Rockefeller Center,
16:54
Speaker 7: all some of the noted areas of New York, it's
16:57
Speaker 7: really very much business as usual. So it's fair to
17:00
Speaker 7: say that Americans have taken this decision in their stride.
17:03
Speaker 7: And part of the reason for that is because it's
17:05
Speaker 7: so decisive. Because Donald Trump has won the popular vote,
17:09
Speaker 7: because he's won the Senate, because he's likely to win
17:11
Speaker 7: the Congress, and because he's obviously now the clear president
17:15
Speaker 7: of America. He's got to mandate. He's got to mandate
17:18
Speaker 7: for change in America. And when you go to that
17:21
Speaker 7: conservative side of politics and you go to the heartland
17:24
Speaker 7: of America, that's what people want. And that's kind of
17:27
Speaker 7: a message in some ways, I think Steve is that
17:30
Speaker 7: really the economic process that he's talking about is what
17:34
Speaker 7: Americans want. They want somebody to address their cost of living.
17:38
Speaker 7: They want somebody who's going to address the migration issue
17:41
Speaker 7: in America. They want somebody to address the future of America,
17:45
Speaker 7: to give them something the dream for, to aspire for.
17:48
Speaker 7: And that's kind of in many ways what Donald Trump
17:50
Speaker 7: was offering versus Kamala Harris and the Democrats. And so,
17:54
Speaker 7: you know, so from that point of view, as I say, well,
17:57
Speaker 7: we might have been thinking that this time, we'd have
17:59
Speaker 7: been covering pro says, the reality is it's very very
18:02
Speaker 7: calm on the streets. It's now just business as usual
18:04
Speaker 7: and Americans, to be honest, to just getting on with it.
18:09
Speaker 3: We have been to New York many times. I mean,
18:11
Speaker 3: New York's not America. We see that now, don't we.
18:14
Speaker 3: You look at the map, and you look at that
18:16
Speaker 3: map after that election result, You've got a smudge of
18:18
Speaker 3: blue on the west coast and a smudge of blue
18:21
Speaker 3: on the East coast, and everything in the middle is red.
18:24
Speaker 3: I mean, I guess if you work and live in
18:26
Speaker 3: New York, even if you commute from some way out,
18:29
Speaker 3: you're not really too worried about the cost of living
18:32
Speaker 3: because you've probably got it covered. It's so true, right.
18:36
Speaker 7: So the interesting thing is, even if you start to
18:39
Speaker 7: go up to the Upper Hudson around here to the north,
18:43
Speaker 7: you start to find that, you know, maybe you'll start
18:46
Speaker 7: to find some Republican areas. But the truth is here
18:49
Speaker 7: in the heartland, it is dead set Democrat. But that said,
18:54
Speaker 7: Donald Trump even picked up a big swing here in
18:56
Speaker 7: New York. And the reason for that is migration. The
18:59
Speaker 7: number of Mike It's coming into New York City is
19:01
Speaker 7: really something that's alarmed Americans, not just.
19:04
Speaker 3: Here but all over where.
19:06
Speaker 7: People have been dispersed and Therefore it's a little like
19:10
Speaker 7: go back to the Howard years when you know, Australia
19:13
Speaker 7: had people coming across the borders who voted therefore for
19:17
Speaker 7: you know, sort of John Howard knows you's who voted
19:20
Speaker 7: here for Donald Trump. It was migrants in many cases,
19:23
Speaker 7: you know, migrants who'd come here legitimately who suddenly saw
19:27
Speaker 7: that really you know, people coming without the visas, without
19:30
Speaker 7: the necessary certification, without the hoops they had jumped through,
19:34
Speaker 7: they suddenly said, hang on, is this actually fair? And
19:37
Speaker 7: so from that point of view, there is again a
19:39
Speaker 7: message for the Albanese government. And this is not just
19:42
Speaker 7: you know, the reaction on the stock marketers Robert Carling
19:45
Speaker 7: has been talking about. It's also the reaction of Americans
19:48
Speaker 7: themselves to the high cost of housing, the fact that
19:53
Speaker 7: in New York the crime rates have risen here and
19:56
Speaker 7: even though to be honest, on the streets we've pretty
19:59
Speaker 7: much been you know, not noticed any of that, that
20:02
Speaker 7: has been the fact. Also the fact that there have
20:04
Speaker 7: been an increase in hate crimes in America, you know,
20:07
Speaker 7: as a result of what's taken place in the Middle East.
20:10
Speaker 7: That's a real thing. So people have voted for all
20:12
Speaker 7: of these things. So you know, one person who I
20:16
Speaker 7: really rate very highly, you know when we've sat there
20:19
Speaker 7: and sort of talked to so many people over a long,
20:22
Speaker 7: long period of time, you know, is the New York
20:25
Speaker 7: Post columnist. So Miranda Devine was formerly with the Daily Telegraph,
20:30
Speaker 7: come here, written a couple of great books about Joe
20:33
Speaker 7: Biden and his son Hunter Biden, and what she claims
20:36
Speaker 7: is corruption inside America. So well, today I caught up
20:40
Speaker 7: with her in Times Square and what she gives is
20:43
Speaker 7: the parallel between America and Australia and what in particular
20:49
Speaker 7: Anthony Alberanezi has to learn before he goes to the
20:53
Speaker 7: next election, otherwise he could lose and have listen the
20:56
Speaker 7: mistakes of the Democrats over the past before we years,
21:00
Speaker 7: do you see parallels with the Labor Party and mistakes
21:04
Speaker 7: it's mate in the way it's judging the population in Australia.
21:07
Speaker 8: Definitely. I think if for some reason Labor in Australia
21:12
Speaker 8: seems to take a lot of its talking points from
21:15
Speaker 8: the Democrats here, and they really should take a good
21:17
Speaker 8: look at the disaster the Democrats are here.
21:20
Speaker 3: It has not been a success.
21:22
Speaker 8: They're good at creating the narrative because they control the media.
21:26
Speaker 8: But in the end it was a failure for them
21:28
Speaker 8: because they failed to see what was in.
21:29
Speaker 3: Front of them.
21:30
Speaker 8: And they are elitists, they are authoritarian.
21:35
Speaker 3: Surely, Roscoe. I mean, labor back here can't be that
21:39
Speaker 3: stupid that they're not going to look at what happened
21:42
Speaker 3: during this election campaign and say to themselves, well, it's
21:45
Speaker 3: got to be about the economy. It's got to be
21:47
Speaker 3: about the issue of immigration, it's got to be about
21:51
Speaker 3: working people not being able to afford to go to
21:53
Speaker 3: the supermarket and fill up their trolley anymore. I mean,
21:56
Speaker 3: they can't be that dumb that they're not going to
21:58
Speaker 3: take that warning.
21:58
Speaker 7: Other Okay, yeah, but then that's fine, But what are
22:04
Speaker 7: their answers. That's the biggest issue. In other words, do
22:07
Speaker 7: you have an inquiry into supermarkets? Well, they're having one
22:10
Speaker 7: of those right now. Do you simply say, okay, let's
22:13
Speaker 7: just hand out some more money to the people, Well
22:15
Speaker 7: the people say through that, right And so my gut
22:18
Speaker 7: feel is the real answer is to show that you
22:21
Speaker 7: are pro Australia, that you are really about aspiration, you know,
22:25
Speaker 7: trying to bring down the tax rates, because that's one
22:27
Speaker 7: thing Donald Trump's going to do that makes the Australia
22:30
Speaker 7: uncompetitive in the world with its very high tax rates.
22:34
Speaker 7: And so you know, this is about trying to change
22:36
Speaker 7: the way in which government operates, because that's what Donald
22:39
Speaker 7: Trump also is going to do here. And really understand
22:43
Speaker 7: that give people get out of get out of people's way,
22:45
Speaker 7: give people a genuine go at setting up their business.
22:49
Speaker 7: Like here, they're not going to tax over time, they're
22:51
Speaker 7: not going to tax tips, they're not going to tax
22:53
Speaker 7: people on social security. These are really important things for
22:57
Speaker 7: people to suddenly say, actually, I might do better out
22:59
Speaker 7: of that.
23:00
Speaker 3: I will go off. I've prepared to work harder.
23:02
Speaker 7: In Australia, what do we do We're now suddenly saying
23:05
Speaker 7: that the people who are driving ubers, oh, now, hang on,
23:08
Speaker 7: you're part of the industrial relations system. We need to
23:10
Speaker 7: find out who you are and all that type of thing.
23:12
Speaker 7: So it's just like, get out of people's way for
23:15
Speaker 7: goodness sakes. And I think that really, if anything, is
23:18
Speaker 7: a message for both political sides in Australia that you
23:21
Speaker 7: come from this American election that the people have really
23:24
Speaker 7: expressed in a very significant way, and that is please
23:27
Speaker 7: get out of our way. Let us get on and
23:30
Speaker 7: ultimately the government will be repaid by people working harder
23:35
Speaker 7: and ultimately paying more taxes.
23:38
Speaker 3: Just one last one from me before you head back
23:40
Speaker 3: to Australia. Elon Musk he's either the world's smartest bloke
23:46
Speaker 3: or luckiest bloke. Which one is it?
23:50
Speaker 7: Look, given the fact he's the richest man in the world,
23:53
Speaker 7: right and he's the man who's created SpaceX, and he's
23:56
Speaker 7: grabbed rockets out of the air and he now owns
23:59
Speaker 7: twet or X as they call it, and he's also
24:02
Speaker 7: created Tesla. I'm going to go that, Yes, he's maybe
24:07
Speaker 7: a bit whacky in some of his behavior and all
24:08
Speaker 7: that sort of stuff. You've got to say, is the
24:10
Speaker 7: smartest bike in the world. So he invests one hundred
24:14
Speaker 7: and twenty million dollars into Donald Trump after he's seen
24:17
Speaker 7: those images of Donald Trump after he'd been shot, and
24:20
Speaker 7: that was one of the iconic images of this election campaign.
24:24
Speaker 7: And suddenly in the past two days his net worth
24:28
Speaker 7: as Tesla shares have soared on the stock market here
24:32
Speaker 7: in America. His net wealth has increased by almost and
24:35
Speaker 7: get this, eighteen and a half billion with a b
24:39
Speaker 7: billion dollars, So you know, one hundred and twenty million
24:42
Speaker 7: dollars into eighteen billions. Now, to be fair, that's paper money,
24:45
Speaker 7: so it doesn't mean really anything. It go down next week,
24:48
Speaker 7: It could do all sorts of things. But you know,
24:50
Speaker 7: you've got to sit there and say that the whole
24:52
Speaker 7: notion of bringing manufacturing into America, trying to actually get
24:57
Speaker 7: the whole notion of electric vehicles into America, vehicles and houses, electroviotolites,
25:02
Speaker 7: sort of stuff. He's at the forefront of that. So
25:05
Speaker 7: not only will he advise Donald Trump on how to
25:08
Speaker 7: reduce the size of government here in America, bringing in
25:11
Speaker 7: more than two trillion dollars is what he's offering. The
25:14
Speaker 7: second thing is that he's going to make a whole
25:15
Speaker 7: bunch of money for himself, which he's already apparently starting
25:18
Speaker 7: to do.
25:21
Speaker 3: Great work. Gross, you did a fantastic job during the
25:23
Speaker 3: election campaign and over the past week, and I'll see
25:25
Speaker 3: you when you get back. Now, still ahead tonight, the
25:28
Speaker 3: Victorian government right way back to very local issues. The
25:31
Speaker 3: latest cash grab hitting people at their most vulnerable. It's
25:35
Speaker 3: a death tax. Shadow Finance Minister Jess Wilson joins me
25:39
Speaker 3: shortly and next up, Freday Regular Campbell Newman. We'll have
25:42
Speaker 3: the latest out of that Queensland election, including that huge
25:45
Speaker 3: grow and don't we Blow and don't we Love It
25:47
Speaker 3: for the Greens and another popular public space closed off
25:51
Speaker 3: for cultural heritage reasons. Welcome back to Steve Price, with
25:59
Speaker 3: you in New York to Queensland. Now we're joined by
26:02
Speaker 3: Friday regular former Queensland Premier Campbell Newman. Great to see you,
26:05
Speaker 3: as always, my friend on a Friday night. What did
26:08
Speaker 3: you make of Wednesday and the Trump victory?
26:12
Speaker 5: Well, Steve, it was I think one of the most
26:16
Speaker 5: memorable days in my adult life. I've got to say
26:19
Speaker 5: I had a bit of a function in my office
26:23
Speaker 5: from eleven o'clock on Wednesday through till about seven forty
26:27
Speaker 5: five when the last guest left.
26:29
Speaker 2: So we had a great day. And I'm thrilled by.
26:33
Speaker 5: What it means for Australia because I think this will
26:36
Speaker 5: turn the tide back on a whole lot of really
26:39
Speaker 5: quite worrying things like ESG, this crazy push to net zero.
26:47
Speaker 5: There's a whole range of things I think that come
26:50
Speaker 5: out of this for Australia. And there's been a lot
26:52
Speaker 5: of talk about inflation and tariffs in the US, but
26:56
Speaker 5: no one Steve is talking about the fact that Donald Trump,
27:00
Speaker 5: with his policies, will be pumping a lot of oil
27:02
Speaker 5: and gas in the United States and that will put
27:04
Speaker 5: downward pressure on energy prices, which actually could be a
27:09
Speaker 5: deflationary sort of mechanism for the globe. So people aren't
27:13
Speaker 5: talking about that. But I just want to make that
27:15
Speaker 5: point this afternoon.
27:18
Speaker 3: As a former politician, what should it teach current politicians.
27:23
Speaker 3: I mean, the thing I take out of it is
27:26
Speaker 3: you've got to be a conviction politician. You've got to
27:28
Speaker 3: believe in things and you believe them and believe them,
27:32
Speaker 3: argue them, prosecute your case. Don't go back, don't go sideways,
27:36
Speaker 3: don't get knock sideways by lobby groups. Believe in what
27:41
Speaker 3: you believe in and argue it.
27:46
Speaker 5: Look absolutely and look the United States and Australia. I
27:50
Speaker 5: think the sentiment of the community is different. I think
27:53
Speaker 5: Australians are far more attuned to the concept of a
27:57
Speaker 5: fair go and that you know, and fundamentally is sort
28:02
Speaker 5: of left wing and its philosophy. But you know, the
28:06
Speaker 5: trouble in Australia is that the Liberal Party, elements of
28:09
Speaker 5: the Liberal Party and the l NP have drifted or
28:13
Speaker 5: dragged the whole whole bandwagon to the left, and you
28:19
Speaker 5: know it hasn't played out well. And so you know,
28:22
Speaker 5: policies that are just straight down the line that actually
28:27
Speaker 5: have resonance with aspirational people with middle class families, with
28:31
Speaker 5: people who you know are blue collar who work in
28:36
Speaker 5: our minds and in manufacturing, those people will get behind
28:42
Speaker 5: the Conservatives in an election campaign.
28:45
Speaker 2: But the more that we allow, you know, the.
28:48
Speaker 5: Woke ideology to sort of influence policy making, the more
28:54
Speaker 5: that we lose votes. And you know, an example is
28:58
Speaker 5: Matt kean Formerberal Party identity in the New South.
29:03
Speaker 2: Wales Liberal government.
29:05
Speaker 5: Don't now on this climate change is the climate chains
29:08
Speaker 5: are And frankly he is delusional. I say this evening
29:12
Speaker 5: to members of the Liberal Party. Don't listen to this guy.
29:16
Speaker 5: You know he the more renewables we have, the higher
29:19
Speaker 5: our power prices are. I have renewables at my place,
29:22
Speaker 5: I have solar panels, I have batteries, and I still
29:25
Speaker 5: get a bill of about one hundred and seventy five
29:27
Speaker 5: dollars for a quarter, you know where, when basically I'm
29:31
Speaker 5: self sufficient paid all this money tens of thousands of dollars.
29:35
Speaker 2: Look, it's it's just nonsense. That's just an example.
29:41
Speaker 3: Just on that Queensland election, seven percent swing to the LNP.
29:45
Speaker 3: I guess you're going to say it should have been more.
29:47
Speaker 3: The thing that really gives me some comfort is the
29:51
Speaker 3: fact that the Greens lost a seat. They're down to one.
29:54
Speaker 3: Do you believe that the public mood that sees the
29:59
Speaker 3: Greens as a radic left party all about pro Palestine
30:02
Speaker 3: and not very much about the environment anymore, is going
30:05
Speaker 3: to spread nationally when we get a national poll.
30:10
Speaker 2: I think it's biting, Steve.
30:12
Speaker 5: I think the fact that they are anti Israel, anti Semitic,
30:17
Speaker 5: have quite extreme policies like death duties, gift taxes and
30:23
Speaker 5: the like, who want to see the CGT concession removed,
30:28
Speaker 5: who want to tell landlords what they can do with
30:32
Speaker 5: their property. All that stuff I think is finally coming
30:36
Speaker 5: home to roost with Australians. And what I would simply
30:40
Speaker 5: say to again the Liberal Party but also the Labor Party,
30:43
Speaker 5: it's time to relentlessly talk about these things and convince
30:47
Speaker 5: particularly young people, particularly those in the eighteen to twenty
30:52
Speaker 5: five year age racket, explain to them that these people
30:56
Speaker 5: in the Green's political party are really selling hope and
31:01
Speaker 5: discredited policies that have failed going back many decades ago.
31:05
Speaker 2: So I think it's encouraging.
31:08
Speaker 5: But we need to continue to press that and if
31:10
Speaker 5: we do, I think we'll see much better government in Australia.
31:16
Speaker 3: Our favorite topic and I'm load to go back to
31:18
Speaker 3: it at Olympics. One hundred and eighty one million dollar
31:21
Speaker 3: costs blowout for Olympic venues, that's what the LMP is.
31:24
Speaker 3: They've walked into that and that's before one builder has
31:27
Speaker 3: even been selected to start construction. The FED say they're
31:30
Speaker 3: not kicking in any more money. They will leave taxpayers
31:33
Speaker 3: on the hook. I mean, seriously, Campbell, I lived through
31:36
Speaker 3: what the lead up to Sydney was like. In the end,
31:39
Speaker 3: people get it right, but they've got us. Chris Afuley
31:42
Speaker 3: and the new governor got to sort this out quickly.
31:47
Speaker 5: Look they do, Steve, and this comes about for the
31:50
Speaker 5: viewers benefit. This is coming from I think called best
31:53
Speaker 5: Industry Practice, which is a labor policy which was about
31:58
Speaker 5: ensuring that the unions could feather bed paying conditions on
32:03
Speaker 5: major construction projects. By the way, I don't mind people
32:06
Speaker 5: getting paid well to do a difficult job, but we
32:08
Speaker 5: need to get fantastic productivity and that has not been
32:11
Speaker 5: the case on major construction projects in Brisbane particularly, so Yes,
32:16
Speaker 5: Christoph fully needs to deal with it. They're going to
32:18
Speaker 5: have this Productivity Commission. That's fine, but that is going
32:22
Speaker 5: to take a long time to see real reform driven
32:25
Speaker 5: and I'm afraid they're going to have to bite the
32:27
Speaker 5: bullet and deal with some of these industrial relations issues
32:31
Speaker 5: early in the piece. I might also add that it's
32:34
Speaker 5: quite a disgrace that we only find out about this
32:37
Speaker 5: after the election, just like we just found out in
32:39
Speaker 5: the last week that this pumped hydro project west of
32:43
Speaker 5: Mackay it had blown out to quite extraordinary figures. We
32:48
Speaker 5: find out this as well, and it was during the
32:51
Speaker 5: caretaker period. And I actually questioned this sort of line
32:54
Speaker 5: that says, oh, we couldn't tell anybody. On the contrary,
32:57
Speaker 5: I think during a caretaker period stuff should have been
33:00
Speaker 5: put out there by the Queensland public sector, not part
33:04
Speaker 5: of the public service, so that people could make an
33:06
Speaker 5: informed decision, not kept under wraps to try and help
33:09
Speaker 5: a government get back into power.
33:13
Speaker 3: Yeah, I agree with that completely. Camp. We'll catch up
33:15
Speaker 3: with you next Friday. Thank you very much. Speaking of
33:18
Speaker 3: state politics, the States apparently have now joined our arms
33:22
Speaker 3: in United to support this labor social media band for children.
33:27
Speaker 3: But next comes the challenge of enforcing it. My panel
33:29
Speaker 3: will talk to them about that, and also the Victorian
33:33
Speaker 3: government with their hand in your pocket yet again the
33:36
Speaker 3: shocking fees and taxes residents are going to be slugged
33:40
Speaker 3: when they die. Welcome back Denika de Georgia of course,
33:49
Speaker 3: coming up at the top of the hour with primetime.
33:51
Speaker 3: Now you know governments are in desperate trouble and desperate
33:55
Speaker 3: for tax revenue when they start raiding the dead. I
33:58
Speaker 3: shouldn't laugh, but that's exactly what Australia's worst state government,
34:01
Speaker 3: the Allen government in Victoria, is doing a death tax,
34:05
Speaker 3: a death tax increase on probate, with some estates being
34:08
Speaker 3: slugged an extra wait for its six hundred percent to
34:13
Speaker 3: have a will signed off on.
34:14
Speaker 1: Now.
34:15
Speaker 3: The government claims this is to fund the operations of
34:17
Speaker 3: the Supreme Corporate That's very odd because the last state
34:20
Speaker 3: budget in Victoria slashed court funding. This is clearly a
34:24
Speaker 3: tax grab by stealth, and of course Victorians are paying
34:27
Speaker 3: more in property and company taxes than anywhere else in
34:30
Speaker 3: the nation. For more on this, we're joined on this
34:32
Speaker 3: Friday night by Victoria's shadow finance Minister, Jess Wilson. Jess, welcome, Thanks,
34:37
Speaker 3: am I right, tax by stealth.
34:39
Speaker 9: Absolutely, this is a death tax by stealth. And what
34:41
Speaker 9: we're seeing here is an allen labor government absolutely desperate
34:45
Speaker 9: for any money they can find to pay for their
34:48
Speaker 9: record debt. Now, this is going to be a tax
34:50
Speaker 9: that hits Victorians at their most vulnerable time, at a
34:53
Speaker 9: time that they're dealing with the loss of a loved one.
34:56
Speaker 9: And what these fees require is to be paid upfront.
34:59
Speaker 9: And what we're seeing is a six one hundred and
35:00
Speaker 9: forty five percent increase on probate fees for estates between
35:04
Speaker 9: two hundred and fifty and five hundred thousand.
35:06
Speaker 3: Which is pretty common.
35:07
Speaker 9: Exactly right, that's not uncommon at all. In fact, so
35:10
Speaker 9: many of the probates will fall into that category. But
35:13
Speaker 9: what we are also seeing is the doubling of fees
35:15
Speaker 9: for states of two million to three million, or for
35:18
Speaker 9: states over seven million, tens of thousands of dollars now
35:21
Speaker 9: going towards probate. And what the government has said is
35:24
Speaker 9: at a time that families are trying to pay for
35:26
Speaker 9: funeral expenses. They've acknowledged the fact that it might be
35:29
Speaker 9: difficult to pay these fees up front before probate is
35:31
Speaker 9: granted and these people can get access to the estate.
35:34
Speaker 9: But they said, well, you know, put it on credit card,
35:36
Speaker 9: take out a loan.
35:37
Speaker 3: Well that's hardly what you want to do when you're
35:39
Speaker 3: trying to arrange a funeral. So what's their justification for this?
35:42
Speaker 3: Is it? One?
35:43
Speaker 9: Well, they're saying this is going to help pay for
35:44
Speaker 9: the cost of the courts. But as you say, they
35:47
Speaker 9: did in the recent bardget, they've slashed the court budget
35:50
Speaker 9: by twenty million dollars. And what we know is that
35:52
Speaker 9: previously the cost recovery on probate fees was actually three
35:56
Speaker 9: hundred percent already. What these new fees will be was
35:58
Speaker 9: one thousand percent cost recovery. So this isn't paying for
36:02
Speaker 9: just the probate system. This is going into the court
36:05
Speaker 9: system more broadly. As the government cuts and slashes the
36:08
Speaker 9: court's budget.
36:09
Speaker 3: How do we compare with other states? Mean, because clearly
36:12
Speaker 3: one of the things that I think is happening in Victoria,
36:15
Speaker 3: you know, anecdotally, but there'll be some statistics eventually that
36:18
Speaker 3: these state taxes on people, and we can start with
36:21
Speaker 3: things like land tax, sales tax, company tax are driving
36:25
Speaker 3: people out. We're going to have a net you know,
36:28
Speaker 3: negative on population growth. People are going to flee. How
36:31
Speaker 3: do we compare probate wise, I've never checked it. I mean,
36:34
Speaker 3: worse thing the world. Who goes and checks what probate is.
36:37
Speaker 9: Well, it's not something people think about because previously the
36:40
Speaker 9: fees have been what you would think is quite.
36:42
Speaker 3: Reasonable, a couple one hundred dollars, a couple.
36:44
Speaker 9: Hundred dollars, and particularly for those smaller estates, you know,
36:47
Speaker 9: quite insignificant in the scheme of things. But now that's
36:49
Speaker 9: not going to be the case, and we're not going
36:50
Speaker 9: to be competitive with other states. State government has introduced
36:53
Speaker 9: new tiers. The seven million category, for example of a state,
36:56
Speaker 9: is a newtr that's over sixteen thousand dollars that people
36:59
Speaker 9: be paying to have probate granted before they can get
37:01
Speaker 9: access to the estate. And as we know, these are
37:04
Speaker 9: people who are dealing with the loss of a family member,
37:06
Speaker 9: the loss of a friend, and now they're going to
37:08
Speaker 9: be grappling with these extraordinary charges. This is simply a
37:12
Speaker 9: death tax.
37:12
Speaker 3: By stele if I go back to the death of
37:14
Speaker 3: my father, which was a traumatic and you don't think
37:17
Speaker 3: about probate, but you have expenses like funeral services, memorial services,
37:22
Speaker 3: all of the things that go with a relative passing.
37:25
Speaker 3: Last thing you need is a work on top. How
37:28
Speaker 3: much does this say about how broke Victoria is?
37:31
Speaker 9: I think this speaks volumes as to how broke the
37:33
Speaker 9: government is and how desperate they are for cash at
37:36
Speaker 9: any opportunity. And we've seen in recent weeks the dumping
37:40
Speaker 9: of reports and new reports from across government agencies that
37:43
Speaker 9: show the debt right across the government sector, whether that's
37:46
Speaker 9: the public insurer, whether that's Victoria Police, debt is mounting
37:50
Speaker 9: in every single agency and Victorian's are paying the price
37:53
Speaker 9: for that.
37:53
Speaker 3: Well, they did one of those classic take the trash
37:55
Speaker 3: out on a Friday afternoon exercise. And how many reports
37:58
Speaker 3: did they dump at once?
37:59
Speaker 9: They dump over one hundred and eighty. But what's more concerning, Steve,
38:02
Speaker 9: is that they actually held back over one hundred and
38:05
Speaker 9: thirty reports. And what those reports were were all the
38:08
Speaker 9: health agencies, all the hospitals. So we've got a health
38:11
Speaker 9: system in crisis in Victoria and of the seventy six
38:14
Speaker 9: health services. Not one annual report was produced on the
38:18
Speaker 9: day it was required to be retrodud.
38:20
Speaker 3: What do you suspect that would tell us if we
38:21
Speaker 3: had them.
38:22
Speaker 9: Well, I don't think it's happened by coincidence. I think
38:24
Speaker 9: the Health Minister knows exactly what's in those reports. We
38:26
Speaker 9: know that there's cash flow issues in Victorian hospitals. They
38:29
Speaker 9: simply don't have enough cash to pay their invoices, and
38:32
Speaker 9: we've seen the Treasurer have to stump up more money
38:35
Speaker 9: for Victoria's hospitals just to keep those operating expenses going.
38:38
Speaker 3: So you can see that a treasure of palace is
38:40
Speaker 3: sitting around with senior public servants going right, Oh, find
38:43
Speaker 3: me money, no matter where it falls. I don't care
38:45
Speaker 3: if it's down in the back of a couch, find
38:47
Speaker 3: me money. Talk to me about this report and the
38:49
Speaker 3: age in regard to water companies and the amount of
38:52
Speaker 3: money they're paying in what's called COVID tax. That's right.
38:56
Speaker 9: So the Treasurer now has gone after our water corporations,
39:00
Speaker 9: and our water corporations have already gone to the treasure
39:02
Speaker 9: and said we actually need to take on more debt
39:04
Speaker 9: to be able to keep our services going and he's
39:07
Speaker 9: gone and said I want capital repapriations, I want dividends
39:10
Speaker 9: and now efficiency payments as part of paying down what
39:13
Speaker 9: they call their COVID debt plan. And so at a
39:16
Speaker 9: time when we've seen these agencies go to the Treasure
39:18
Speaker 9: and say we're taking on more debt, he's going to
39:20
Speaker 9: those water corporations and saying, no, you need to give
39:23
Speaker 9: me more money so I can manage Victoria's finances.
39:26
Speaker 3: Well, in the end, that's going to end up in
39:28
Speaker 3: a water goillers.
39:29
Speaker 9: Well, that's exactly right. Every time Victorians turn on the
39:31
Speaker 9: tap now they have to think about, well, am I
39:32
Speaker 9: going to be paying more? Because Treasure of tim Palace
39:35
Speaker 9: simply can't manage the books.
39:37
Speaker 3: So talk about mortgage aureas as well. I mean, obviously
39:39
Speaker 3: we've spoken about real estate. That the area that they've
39:41
Speaker 3: really stuck their hand in Victorian taxpayers pockets is land
39:46
Speaker 3: and real estate taxes. Are we doing worse than the
39:49
Speaker 3: rest of the country and people falling behind in their
39:51
Speaker 3: mortgage we are.
39:52
Speaker 9: We've seen reports this week that showed that arears in
39:54
Speaker 9: Victoria and in Melbourne are leading the nation and that's
39:56
Speaker 9: certainly something we don't want to be leading the nation
39:58
Speaker 9: in and the fact that Victoria property prices, Melbourne property
40:01
Speaker 9: prices are falling. And not only do Victorians pay the
40:05
Speaker 9: most taxes overall, they pay the highest property taxes.
40:08
Speaker 3: In the nation.
40:09
Speaker 9: And we've seen the last year's budget the land tax increase,
40:12
Speaker 9: the reduction of the threshold from three hundred thousand to
40:15
Speaker 9: fifty thousand. So there's going to be thousands, hundreds of
40:18
Speaker 9: thousands of people now paying land tax for the first time.
40:21
Speaker 9: And what that is resulting in in investors fleeing Victoria
40:23
Speaker 9: saying I simply can't afford to invest in this state anymore.
40:26
Speaker 9: And if we don't grow the economy, we're never going
40:28
Speaker 9: to be able to pay down our debt.
40:30
Speaker 3: So also talked about I'm hearing about cuts in the regions.
40:33
Speaker 3: I mean, we went through that whole fiasco with the
40:35
Speaker 3: Commonwealth Games, bidding for it, getting it, dumping it, costing
40:38
Speaker 3: US hundreds of millions of dollars. Wasn't the excuse for
40:42
Speaker 3: holding the games in the regions in the first place,
40:45
Speaker 3: that we were going to build infrastructure in the regions.
40:48
Speaker 9: That's exactly right. This's the biggest lie that the Ellen
40:49
Speaker 9: Labour government has actually delivered to Victorians is to say
40:52
Speaker 9: we're going to take on the Commonwealth Games. You know
40:54
Speaker 9: they're going to cost two to three billion dollars, but
40:57
Speaker 9: it's all going to be for infrastructure in regional Victoria.
40:59
Speaker 9: It's going to be for two reals in regional Victoria.
41:01
Speaker 9: But then, of course we saw the cancelation of the
41:03
Speaker 9: Games because they blew out to six to seven billion
41:06
Speaker 9: dollars and now Victoria, those in Regional Victoria are simply
41:11
Speaker 9: not getting access to that infrastructure.
41:13
Speaker 3: Andrews and Allen told us that regardless of the fact
41:15
Speaker 3: the Games were gone, the money was still there. It's
41:17
Speaker 3: billion dollars and we're going to continue to spend it.
41:20
Speaker 9: Do we believe that, No, we know this is a
41:22
Speaker 9: city centric government, whether it comes to their new planning changes,
41:25
Speaker 9: trying to make sure that we're building these apartment towers
41:27
Speaker 9: in central Melbourne and established suburbs, forcing more people into Melbourne,
41:32
Speaker 9: spending money there rather than infrastructure our growth areas or
41:34
Speaker 9: in the regions. Look at the road budget. Are sixteen
41:37
Speaker 9: percent slashing of our road budget in regional Victoria. Talk
41:40
Speaker 9: to any regional anyone who goes into the regions. They
41:42
Speaker 9: talk all the time about the shocking potholes, the dangerous roads.
41:46
Speaker 9: We see that budget slashed all the time.
41:48
Speaker 3: Yeah, I'm driving to Adelaide next week. I'm not looking
41:50
Speaker 3: forward to.
41:50
Speaker 9: The rule be safe on the roads.
41:51
Speaker 3: Jess Willson, thank you very much, Thanks for for your
41:54
Speaker 3: time tonight. Coming up the panel, the States apparently today
41:59
Speaker 3: have United is Fort Labour's social media band for kids,
42:02
Speaker 3: but I wonder how it's actually going to work. The
42:04
Speaker 3: next comes the challenge of enforcing it. My panel on that.
42:07
Speaker 3: Straight after this, welcome back to Price with you. Let's
42:14
Speaker 3: bring in our panel for Friday night. I'm going to
42:17
Speaker 3: label them the Power Panel from now on Small business Women.
42:19
Speaker 3: Australia's Amanda Rose and Scott News contributed Joe Hildaan welcome
42:25
Speaker 3: to your post. Well, look at Amanda wearing about our
42:28
Speaker 3: red to celebrate the victory of Donald Trump. By the
42:32
Speaker 3: look of her, let's start with Trump the Republicans resounding win.
42:36
Speaker 3: We all watched it on Wednesday. Sky's coverage was outstanding,
42:40
Speaker 3: watched right around the world. We heard earlier from Miranda
42:43
Speaker 3: Divine that the Labour Party here can probably take some
42:45
Speaker 3: lessons out of that victory. But Joe just as just
42:49
Speaker 3: the same I think Peter Dutton can probably take more
42:51
Speaker 3: lessons out of it. Canty.
42:54
Speaker 10: Yeah, well, I guess if the Labour Party's strategy is
42:57
Speaker 10: really to make Peter Dutton Australia's Donald Trump, they're going
42:59
Speaker 10: to need to revisit that pretty quickly. The story of
43:03
Speaker 10: the Trump election is not so much a story of
43:05
Speaker 10: Trump winning as the Democrats just absolutely hopelessly and haplessly
43:10
Speaker 10: losing it, and not just losing the campaign, but completely
43:13
Speaker 10: losing touch with working class middle Americans. They have become
43:18
Speaker 10: a party that is captive to affluent coastal elites, party
43:23
Speaker 10: that is captive to the scourge of identity politics, where
43:26
Speaker 10: you're instantly oppressed based on the color of your skin,
43:29
Speaker 10: regardless of how you're doing economically, regardless of whether or
43:34
Speaker 10: not you can put food on the table. And again,
43:36
Speaker 10: a bunch of working class people in America, a huge number, decided,
43:43
Speaker 10: you know, screw this, screw you, you do.
43:45
Speaker 3: Not represent me.
43:46
Speaker 10: And this included for the first time, I mean, forget
43:49
Speaker 10: all the Porto Rico outrage. This included for the first
43:51
Speaker 10: time a majority of Latino Americans, Hispanic Americans, and so
43:56
Speaker 10: they were saying, no, we don't want to be defined
43:59
Speaker 10: by the color of our skin. Again, an increasing number
44:02
Speaker 10: of black Americans also voted for Donald Trump, a huge
44:06
Speaker 10: number when you consider the inroads that.
44:08
Speaker 2: He's made to where they used to be.
44:10
Speaker 10: You know, it used to be you know, ninety percent
44:12
Speaker 10: would vote for the Republican So sorry, we'd vote for
44:15
Speaker 10: the Democratic Party and ten for the Republicans. Well, that
44:17
Speaker 10: number is doubled and possibly more when it comes to
44:20
Speaker 10: the vote that turned out for Donald Trump.
44:21
Speaker 3: These are ordinary.
44:22
Speaker 10: People in working class areas and ethnically diverse areas who
44:26
Speaker 10: are saying, screw you, elite progressives. We don't listen, we
44:31
Speaker 10: don't want to tell you to tell us what we
44:33
Speaker 10: think and were You're certainly not going to get our
44:35
Speaker 10: vote anymore.
44:37
Speaker 3: Amanda, I mean straight to your area of expertise. I mean,
44:41
Speaker 3: most of the people who voted for Donald Trump in
44:45
Speaker 3: exit polls said it was about cost of living and
44:48
Speaker 3: about the economy. Where we heard that before This next
44:51
Speaker 3: election in twenty twenty five has to be about people
44:55
Speaker 3: that you deal with on a regular basis who say
44:58
Speaker 3: it's too expensive to live here these days. And that's right.
45:03
Speaker 11: So, you know, Joe was very descriptive and correct when
45:05
Speaker 11: he was describing, you know, the Democratic Party, they rub
45:09
Speaker 11: shoulders with the elite. They ignore the everyday person. Countries
45:13
Speaker 11: are made a hop of the people who build small businesses,
45:16
Speaker 11: who have families, and they can put up with a lot,
45:19
Speaker 11: but sometimes they go that's enough. I can't feed my
45:22
Speaker 11: kids anymore and I can't pay my rent. And that
45:25
Speaker 11: is happening here in Australia. People don't want a celebrity
45:29
Speaker 11: promoting something when they can't pay. They've got a choose
45:32
Speaker 11: between food and rent. So I think both governments, but
45:36
Speaker 11: Labor and Liberal in Australia, need to pay attention to
45:39
Speaker 11: that election. Don't look at oh why did they win?
45:42
Speaker 11: Or Democrats you know, did very bad at promoting No,
45:44
Speaker 11: it came down to the fact of Trump really does
45:48
Speaker 11: love the American people and it comes through when he speaks.
45:51
Speaker 11: And with the Democrats they literally said to the American people,
45:54
Speaker 11: you're stupid if you don't vote for us. That is
45:56
Speaker 11: not the approach to take. You have to genuinely care
46:00
Speaker 11: about the people. And there are a lot of MPs,
46:02
Speaker 11: I'll say, on both sides of politics that genuinely care
46:05
Speaker 11: about the people. But are the leaders going to be
46:08
Speaker 11: smart enough to put them out front and have policies
46:11
Speaker 11: that actually going to build back Australia because right now
46:14
Speaker 11: they're drowning.
46:16
Speaker 3: Yeah, well they better because they get punished otherwise. Let's
46:19
Speaker 3: talk social media. National Cabinet. They met today, they don't
46:22
Speaker 3: meet face to face anymore. It's all over Zoom, which
46:25
Speaker 3: I thought had been run out of town but apparently not.
46:27
Speaker 3: Joe a social media band for under sixteens. Nice idea.
46:32
Speaker 3: How the hell are you going to make that work?
46:34
Speaker 1: Yep?
46:36
Speaker 3: Yeah, well it's a good point.
46:37
Speaker 10: I mean, in many ways we're not going to be
46:39
Speaker 10: able to make it work one hundred percent of the time.
46:41
Speaker 10: There's going to be legs. But again, going to what
46:44
Speaker 10: we were talking about before, I think this is one of
46:45
Speaker 10: those examples where Anthony Alberanezi and the federal government has
46:49
Speaker 10: come up with just a really strong, mainstream, family values
46:53
Speaker 10: driven common sense policy that you just simply.
46:58
Speaker 2: Cannot argue with.
46:58
Speaker 10: Actually, everybody on all sides of politics is behind this.
47:02
Speaker 3: Yes, yeah, but don't.
47:04
Speaker 11: Forget, no, no, no, but don't forget. It's actually Dutton's
47:07
Speaker 11: policy originally, and then Albanizer came on board and it's
47:10
Speaker 11: great that they can work together, but the reality is
47:14
Speaker 11: if I always am suspicious when labor and it will
47:16
Speaker 11: work together what the rual motive is. But just so
47:19
Speaker 11: everyone knows, it wasn't an alban easy policy.
47:23
Speaker 10: Actually they say they're going to get it on our
47:27
Speaker 10: front page and told them to do it.
47:29
Speaker 4: But I think just as as how's that going to happen,
47:38
Speaker 4: how's it going to happen?
47:39
Speaker 6: Jo?
47:39
Speaker 10: It just makes it easier as a parent to tell
47:41
Speaker 10: your kids that it's But just telling your kids that
47:43
Speaker 10: something is against the law is helpful and it puts
47:47
Speaker 10: the fear of guide into them and also having those
47:50
Speaker 10: barriers there even if kids are able to have work
47:52
Speaker 10: arounds or it will be you know, I mean there's
47:54
Speaker 10: there's ways. For example, you know, you can get behind payballs.
47:57
Speaker 10: That doesn't mean that newspapers just suddenly abandoned walls, because
48:00
Speaker 10: most people do the right thing, and it serves as
48:02
Speaker 10: a really strong psychological barrier and it's a great aid
48:06
Speaker 10: to parents.
48:07
Speaker 3: Now you too. I'm not a chocolate to person. I
48:12
Speaker 3: don't particularly like chocolate. I'm pretty rare, I guess. But
48:15
Speaker 3: we've got pictures here that appeared online of a block
48:18
Speaker 3: of Cadbury chocolate on a shelf at Woolworth priced at
48:22
Speaker 3: seven dollars, and we've got packets of Tintams being sold
48:26
Speaker 3: for six dollars. Amanda, that's outrageous.
48:30
Speaker 11: Look, I say it's time to go on a diet
48:33
Speaker 11: and cut out chocolate, because that is absolutely ridiculous. Can
48:37
Speaker 11: I just say, if you want to save money or chocolate,
48:39
Speaker 11: make your own. I've done it many many times and
48:43
Speaker 11: it tastes so much better. Get the ingredients. You can
48:46
Speaker 11: make your own. It could be Brownie's chocolate, get a mold,
48:49
Speaker 11: do it yourself. Because what happens we've become so complacent
48:52
Speaker 11: with this easy life. We just grab things and eat
48:55
Speaker 11: it instead of cooking and making our own. But right now,
48:57
Speaker 11: with the cost of living, we might have to go
48:59
Speaker 11: back to doing that.
49:01
Speaker 3: You ever made chocolate, Joe, I suspect not.
49:06
Speaker 10: I'm not the sort of Martha Stewart of my family,
49:09
Speaker 10: Steve as I suspect your.
49:11
Speaker 2: Surprising played here.
49:12
Speaker 10: The thing is, think you think you think that the
49:15
Speaker 10: chocolate's expensive now, but next month it's going to be down, down, down.
49:19
Speaker 10: What's seven dollars in November five?
49:22
Speaker 3: You need to go. You need to go and get
49:25
Speaker 3: a job at Cole's. Joe Amanda. Great to see you
49:28
Speaker 3: both as usual. Thank you very much for joining us,
49:30
Speaker 3: and I just repeat that it's a sad day. John
49:33
Speaker 3: Laws and Ray Hadley both giving hanging up the mics
49:36
Speaker 3: at the end of this year. I know them both.
49:39
Speaker 3: They are brilliant talents and living in Sydney is not
49:42
Speaker 3: going to be the same. I'll see you next Friday.