Latest / The Kenny Report / The Kenny Report | 12 May

Transcript

The Kenny Report | 12 May · The Kenny Report

• 0:01
  Speaker 1: Live from the sky New Center. This is the Kenny Report.
• 0:06
  Speaker 1: Thanks for joining me.
• 0:07
  Speaker 2: Now on the Budget Evening, Labor's a litany of broken promises.
• 0:11
  Speaker 2: As tonight's budget breaks yet another major pledge. The government's
• 0:16
  Speaker 2: talking points show that labor MPs are being told how
• 0:20
  Speaker 2: not to answer the broken promise question. Emotional scenes in
• 0:24
  Speaker 2: Canberra as Senator just Center now for jimper Price mourns
• 0:28
  Speaker 2: her niece allegedly murdered.
• 0:31
  Speaker 3: An ideology that too often places cultural sensitivities and political
• 0:35
  Speaker 3: correctness ahead of the safety of children.
• 0:39
  Speaker 1: Just terrible Donald Trump.
• 0:40
  Speaker 2: Meanwhile, he is heading to China as the ceasefire with
• 0:43
  Speaker 2: Iran remains fragile.
• 0:45
  Speaker 1: Christen Tate will join me.
• 0:47
  Speaker 2: The ABC welcomes the ISIS brides back to Australia and
• 0:51
  Speaker 2: does its bit to promote Michelle Obama's lucrative speaking to
• 0:55
  Speaker 2: her here. Also on the Tuesday Panel, Stephen sena tempo
• 0:59
  Speaker 2: and JMI John's Let's get cracking. The Budget's only a
• 1:06
  Speaker 2: couple of hours away now. Journalists and analysts and interest
• 1:09
  Speaker 2: groups are in the budget lockup, reading the details, writing
• 1:13
  Speaker 2: the analysis, waiting to burst back into the real world.
• 1:16
  Speaker 2: At seven point thirty tonight, when the Treasurer gets to
• 1:19
  Speaker 2: his feet in Parliament. But there's one crucial fact that
• 1:23
  Speaker 2: we all know already. It is clear and it is unambiguous.
• 1:29
  Speaker 2: Anthony Albanezi and Jim Charmers are going to break another
• 1:33
  Speaker 2: election promise. They are going to do what they promised
• 1:37
  Speaker 2: repeatedly they would not do. They are going to increase
• 1:41
  Speaker 2: taxes on housing investments and increase taxes on capital gains.
• 1:46
  Speaker 2: Apart from being economically absurd, how do you encourage housing
• 1:50
  Speaker 2: an investment by taxing it more heavily. It is flagrantly
• 1:55
  Speaker 2: dishonest and dishonorable because this is what they promised before
• 2:00
  Speaker 2: the election. Can you rule out any changes to negative
• 2:04
  Speaker 2: gearing and capital gains taxes?
• 2:06
  Speaker 1: How hard is it for the fiftieth time now?
• 2:09
  Speaker 4: When it comes to negative gearing, we've made it very
• 2:13
  Speaker 4: clear that that's not something that we are proposing.
• 2:16
  Speaker 5: I told people we wouldn't make changes the proofs in
• 2:19
  Speaker 5: the putting.
• 2:20
  Speaker 6: Andrew negative gearing is off the table.
• 2:23
  Speaker 5: Yeah, it's off the table.
• 2:24
  Speaker 1: Negative gearing. Is it really off the agenda or not?
• 2:26
  Speaker 6: It's off the agenda us. We've made that really clear.
• 2:30
  Speaker 2: This one is right up there, isn't it this broken
• 2:32
  Speaker 2: promise will give Julia Gillard a run.
• 2:34
  Speaker 1: For her money.
• 2:36
  Speaker 7: There will be no carbon tax under the government high lead.
• 2:39
  Speaker 7: There will be no carbon tax under the government high lead.
• 2:43
  Speaker 2: Yep, she broke that promise and destroyed her compact with
• 2:47
  Speaker 2: the voting public, just like Paul Keating before her on
• 2:51
  Speaker 2: tax cuts.
• 2:52
  Speaker 8: Can you ask me about our personal tax cuts?
• 2:55
  Speaker 6: Well, let me tell you something that I thought you
• 2:58
  Speaker 6: might have known.
• 2:59
  Speaker 9: They'd been legislator.
• 3:01
  Speaker 8: They're not a promise, their law law law.
• 3:05
  Speaker 2: Yeah, they were law law, but after the election he
• 3:08
  Speaker 2: passed another law law to scrap them. The Liberals haven't
• 3:13
  Speaker 2: been blameless.
• 3:15
  Speaker 10: No cuts to education, no cuts to health, no change
• 3:19
  Speaker 10: to pensions, no change to the GST, and no cuts
• 3:23
  Speaker 10: to the ABC or SBS.
• 3:26
  Speaker 1: That all ended in tears two.
• 3:29
  Speaker 2: But John Howard provided the template, the gold standard after
• 3:34
  Speaker 2: this promise.
• 3:35
  Speaker 5: No way that GST will ever be part of our policy,
• 3:39
  Speaker 5: never ever.
• 3:40
  Speaker 1: It's dead. Yeah.
• 3:42
  Speaker 2: He later changed his mind, but instead of just inflicting
• 3:45
  Speaker 2: it on people, he announced his change of mind, announced
• 3:50
  Speaker 2: his proposed GST.
• 3:52
  Speaker 1: And took it to an election. If you didn't want it,
• 3:55
  Speaker 1: you could vote against him.
• 3:57
  Speaker 2: He won, and then he introduced it, but not Albanisi
• 4:02
  Speaker 2: and Charmers. They were part of a team that lost
• 4:05
  Speaker 2: the election in twenty nineteen under Bill Shorten when Labor
• 4:09
  Speaker 2: promised to mess with negative gearing and.
• 4:12
  Speaker 1: Capital games tax.
• 4:14
  Speaker 2: So they've campaigned and won twice promising not to implement
• 4:20
  Speaker 2: those policies. But now having got the reelection they wanted,
• 4:25
  Speaker 2: they've doubled back back to Labour's tax grab, back to
• 4:29
  Speaker 2: where they always wanted to go, back to a broken
• 4:32
  Speaker 2: promise and worse than the breach of faith in the
• 4:35
  Speaker 2: budget itself, Albanizi has broken the sincere promise he made
• 4:41
  Speaker 2: to the country in his first speech to Parliament as
• 4:45
  Speaker 2: Prime Minister.
• 4:46
  Speaker 5: My colleagues and I want to treat every day in
• 4:49
  Speaker 5: this job, in this place in government as an.
• 4:52
  Speaker 1: Opportunity to deliver for the people of.
• 4:55
  Speaker 5: Australia, to fulfill our promises, to prove worthy of the
• 5:00
  Speaker 5: trust that the Australian people have placed in us.
• 5:04
  Speaker 2: To fulfill our promises, to prove worthy of the people's trust.
• 5:10
  Speaker 1: That's what he said.
• 5:10
  Speaker 2: He promised to fulfill his promises and prove worthy of
• 5:15
  Speaker 2: your trust, and he just keeps breaking promises. There was
• 5:22
  Speaker 2: superannuation taxes.
• 5:24
  Speaker 5: There won't be major changes to superannuation. Where've made no
• 5:28
  Speaker 5: decisions about changes to superannuation.
• 5:33
  Speaker 4: Well, like we said about superannuation that we would maintain
• 5:37
  Speaker 4: the system, Australians shouldn't expect major changes to superannuation.
• 5:42
  Speaker 2: Well, they broke that promise and they increased taxes on super.
• 5:46
  Speaker 2: And then there was the coalition's legislated tax cuts.
• 5:51
  Speaker 5: We haven't changed our position on the Stage three tax cuts.
• 5:55
  Speaker 4: Well, our position on the Stage three tax cuts hasn't changed.
• 5:58
  Speaker 5: We have not changed our position on Stage three tax
• 6:01
  Speaker 5: cuts have been legislated, we support them.
• 6:04
  Speaker 4: No, we haven't changed our position on the Stage three
• 6:06
  Speaker 4: tax cuts.
• 6:08
  Speaker 2: They broke that promise too, scrapping the legislative tax cuts,
• 6:12
  Speaker 2: switching them to their chosen electoral targets and leaving higher
• 6:17
  Speaker 2: top income tax rates in place. And then there was
• 6:21
  Speaker 2: electricity prices, and this pivotal pledge.
• 6:25
  Speaker 5: Reducing power prices by two hundred and seventy five dollars.
• 6:28
  Speaker 4: Get power prices down by two hundred and seventy five dollars.
• 6:32
  Speaker 5: A year, falling by two hundred and seventy five dollars
• 6:35
  Speaker 5: per household.
• 6:36
  Speaker 4: By twenty twenty five, two hundred and seventy five dollars
• 6:39
  Speaker 4: a year.
• 6:41
  Speaker 2: And all I've done since then is push prices up,
• 6:44
  Speaker 2: up by two hundred and seventy five dollars a year,
• 6:47
  Speaker 2: up by another two hundred and seventy five dollars, and
• 6:49
  Speaker 2: up again and again by multiples of two hundred and
• 6:53
  Speaker 2: seventy five dollars a year. So how can Albanezi even
• 6:57
  Speaker 2: bear to face the public down?
• 7:00
  Speaker 11: The Prime Minister has said, quote, my word is my bond.
• 7:04
  Speaker 11: I've always been a man of my word, and I
• 7:06
  Speaker 11: believe that when you go to an election and you
• 7:08
  Speaker 11: make commitments, you should stick to them. Yet reports in
• 7:13
  Speaker 11: all major newspapers confirm that government the government is about
• 7:16
  Speaker 11: to impose new taxes on housings, housing savings, small businesses
• 7:22
  Speaker 11: and farmers. Why should Australians ever trust another commitment this
• 7:27
  Speaker 11: Labor government makes.
• 7:30
  Speaker 2: Well, don't worry. Labor has an answer. Well, it has
• 7:33
  Speaker 2: its spin. It's coordinated non answer to the telling questions
• 7:39
  Speaker 2: about breaking their promise on negative gearing and capital gains tax.
• 7:44
  Speaker 2: The Australian Newspaper has published a copy of Labour's budget
• 7:48
  Speaker 2: talking points circulated to its MPs as a guide coaching
• 7:52
  Speaker 2: them on what to say.
• 7:53
  Speaker 1: The answer to the broken promise.
• 7:55
  Speaker 2: Question is not to answer it, but to say it's
• 7:58
  Speaker 2: the right decision at the right time, and hey, presto
• 8:03
  Speaker 2: the automatons they all get to work well.
• 8:07
  Speaker 5: Government is about making the right decisions for the right
• 8:10
  Speaker 5: reasons for the times that.
• 8:12
  Speaker 1: You are in.
• 8:12
  Speaker 4: Tonight we take a series of right decisions for the
• 8:16
  Speaker 4: right reasons, the.
• 8:17
  Speaker 11: Right decisions for in the national interests, for the times
• 8:20
  Speaker 11: that we face.
• 8:21
  Speaker 12: Governments need to make the right decisions at the right times.
• 8:24
  Speaker 4: My job is to make the right decisions for the
• 8:26
  Speaker 4: right reasons that.
• 8:27
  Speaker 13: We make the right decisions for Australia in the circumstances
• 8:30
  Speaker 13: which we face.
• 8:32
  Speaker 2: Look, who even needs politicians anymore? How embarrassing for them, mate,
• 8:36
  Speaker 2: They're just a bunch of AI bots spouting the same
• 8:40
  Speaker 2: lines that some spin doctor has written for them. They
• 8:44
  Speaker 2: can't be believed, They can't be trusted. This mob of
• 8:48
  Speaker 2: lied so often and broken their promises so readily that
• 8:51
  Speaker 2: they make Gillard and Keating look like paragons of political virtue.
• 8:56
  Speaker 1: But way it gets worse. Have a look at this.
• 8:58
  Speaker 2: Little social media sp they've actually released ahead of the budget,
• 9:02
  Speaker 2: targeting the Instagram crowd.
• 9:06
  Speaker 5: Buying your first home shouldn't feel impossible, But.
• 9:09
  Speaker 11: Right now too many young people feel locked out of
• 9:11
  Speaker 11: the housing market.
• 9:13
  Speaker 4: Tonight we're changing Australia's tax system to level the playing
• 9:16
  Speaker 4: field for them.
• 9:17
  Speaker 5: This is about doing the right thing to help more
• 9:20
  Speaker 5: young Australians by home of their own now.
• 9:23
  Speaker 2: This in many ways is the biggest lie of this
• 9:26
  Speaker 2: budget that it helps young people. What Labour will do
• 9:29
  Speaker 2: tonight is shut off negative gearing for young people, the
• 9:33
  Speaker 2: very tax treatment that has helped Albaneasy build his wealth
• 9:37
  Speaker 2: with investment properties and a host of other Labor and
• 9:40
  Speaker 2: Green's MPs. They've all been able to negatively gear their
• 9:44
  Speaker 2: properties and they will be allowed to keep negatively gearing
• 9:48
  Speaker 2: their properties into the future. But young people from tonight
• 9:52
  Speaker 2: will not be able to do that. Labour's changes will
• 9:56
  Speaker 2: force up rents undoubtedly, and that.
• 9:59
  Speaker 1: Of course will young people too.
• 10:01
  Speaker 2: And Labour's climate and energy madness will continue to stifle
• 10:05
  Speaker 2: the economy, add to cost and reduce prosperity and opportunities.
• 10:09
  Speaker 1: Into the future for young people.
• 10:11
  Speaker 2: And worst of all, the debt are thousand billion dollars
• 10:16
  Speaker 2: of debt and growing. This will be a millstone of
• 10:20
  Speaker 2: higher taxes on younger Australians for decades to come. Labour's
• 10:26
  Speaker 2: promise that its economic management will be good for young
• 10:30
  Speaker 2: people is about as believable.
• 10:33
  Speaker 1: As its other promises. Just you wait and see.
• 10:40
  Speaker 2: The ABC spends more than a billion dollars a year
• 10:43
  Speaker 2: of taxpayers money and is supposed to provide informed and
• 10:47
  Speaker 2: objective coverage, and it's supposed to care about Australia and
• 10:51
  Speaker 2: Australian values. Yet on its Media Watch program last night,
• 10:56
  Speaker 2: the ABC examined coverage of the isis brides last week
• 11:00
  Speaker 2: the return to Australia of four women who left years
• 11:04
  Speaker 2: ago to be associated with the Islamic State terrorist caliphate
• 11:08
  Speaker 2: in Syria and Iraq. Now they've returned with nine children.
• 11:14
  Speaker 2: Plenty of people, including significant political forces such as the
• 11:18
  Speaker 2: Federal Opposition and One Nation, thought they should have been blocked.
• 11:22
  Speaker 2: But Media Watch, as usual, was less about real media
• 11:26
  Speaker 2: issues and more about providing another platform for green left
• 11:31
  Speaker 2: views from yet another green left presenter, Linton Besser. And
• 11:36
  Speaker 2: so we got this astonishing sermon.
• 11:39
  Speaker 14: It is, in fact to be celebrated that we don't
• 11:42
  Speaker 14: exile our citizens, even those whose choices we might abhor,
• 11:47
  Speaker 14: and marx Australia as one of the world's more enlightened societies.
• 11:53
  Speaker 2: Three of the returning women have been arrested on charges
• 11:56
  Speaker 2: of slavery and terrorism. Few could you that it is
• 12:01
  Speaker 2: the sign of an enlightened country to welcome onto its
• 12:06
  Speaker 2: shores people who have been ideologically and violently opposed to
• 12:11
  Speaker 2: the actual existence of that very country. But that's the
• 12:16
  Speaker 2: loopy left thinking of the ABC Media Watch also was
• 12:21
  Speaker 2: in high dudgeon about one nation, this time getting all
• 12:25
  Speaker 2: morally superior and preachy about one nation ejecting ABC reporters
• 12:30
  Speaker 2: from media events and refusing to answer questions.
• 12:34
  Speaker 1: From ABC reporters.
• 12:36
  Speaker 2: Besser made this sound like a threat to democracy.
• 12:40
  Speaker 14: Reporting an election is among the most sacred of responsibilities
• 12:44
  Speaker 14: for the press and vital to the body politic. If
• 12:47
  Speaker 14: one nation is blocking the ABC because it's suffered some
• 12:51
  Speaker 14: tough reporting, worse because it believes it's lit upon some
• 12:55
  Speaker 14: kind of cunning electoral ploy alarm bells should be ringing,
• 13:00
  Speaker 14: not least for those other journos who stood and watched
• 13:03
  Speaker 14: the ABC ejection and raised not a word of protest.
• 13:08
  Speaker 14: Because if modern day America is any guide, the fake
• 13:11
  Speaker 14: news prescription, the enemy of the people designation may very
• 13:16
  Speaker 14: quickly be hurled at others too well.
• 13:20
  Speaker 2: Generally speaking, let all the journals ensure. But really, if
• 13:24
  Speaker 2: you don't want to be accused of fake news or
• 13:26
  Speaker 2: described as the enemy of the people, then perhaps you
• 13:29
  Speaker 2: might just stop producing fake news like so much of
• 13:34
  Speaker 2: the ABC's news on Israel, on Gaza, on climate change,
• 13:38
  Speaker 2: on renewable energy, and of course on one nation. Perhaps
• 13:42
  Speaker 2: stop the fake news and show some objectivity.
• 13:45
  Speaker 1: There's an idea instead.
• 13:46
  Speaker 2: The ABC is indignant that people are even allowed to
• 13:50
  Speaker 2: vote for one nation.
• 13:52
  Speaker 15: It was wrong politically and it was wrong morally. It
• 13:58
  Speaker 15: gave a signal to liberal voters that it was okay
• 14:02
  Speaker 15: to vote for one nation if they.
• 14:05
  Speaker 11: Are able to win their first lower House seeche that.
• 14:08
  Speaker 8: Begins the process of legitimizing them.
• 14:13
  Speaker 2: Really, the ABC can tell the country that it's immoral
• 14:16
  Speaker 2: to vote for one nation, but they demand to be
• 14:20
  Speaker 2: treated as honest brokers by one nation. They really are
• 14:24
  Speaker 2: beyond parody, aren't they, And no one is in charge.
• 14:32
  Speaker 2: Another little example of the ABC and it's apparent disregard
• 14:35
  Speaker 2: for political and ideological objectivity. At the moment, they're indulging
• 14:41
  Speaker 2: their love affair for former US First Lady and darling
• 14:44
  Speaker 2: of the political left. Often cited as a possible Democrat candidate.
• 14:48
  Speaker 2: Of course, Michelle Obama remember when she fronted Democrat conventions.
• 14:53
  Speaker 16: When someone is cruel or acts like a bully, you
• 14:56
  Speaker 16: don't stoop to their level. Now our motto is when
• 15:00
  Speaker 16: they go low, we go high.
• 15:04
  Speaker 1: Yeah, the Democrats never go low.
• 15:06
  Speaker 2: Apparently, give me a break still, So love this is
• 15:10
  Speaker 2: Obama at the ABC that when she does a speaking
• 15:13
  Speaker 2: tour later this month. The events will be moderated by
• 15:18
  Speaker 2: ABC presenter Lee Sales in Sydney and ABC presenter Annabel
• 15:23
  Speaker 2: Krabb in Melbourne. Now those are probably nice little side gigs.
• 15:28
  Speaker 1: A lot of ABC.
• 15:29
  Speaker 2: Presenters seem to monetize their ABC profiles, but have to
• 15:33
  Speaker 2: listen to this for free publicity on the non commercial
• 15:38
  Speaker 2: National Broadcaster.
• 15:40
  Speaker 16: When they go low, we go high.
• 15:47
  Speaker 17: One three hundred triple two, seven oh two is the number.
• 15:50
  Speaker 6: I've given you the answer. You need to tell me
• 15:52
  Speaker 6: the question.
• 15:54
  Speaker 17: One three hundred triple two, seven oh two to go
• 15:57
  Speaker 17: in the drawer to win these wonderful tickets to see
• 16:00
  Speaker 17: Michelle Obama live right here in Sydney.
• 16:04
  Speaker 2: Yeah, it's the first Lady giveaway on the National Broadcaster.
• 16:08
  Speaker 1: Roll on up, pay your taxes.
• 16:10
  Speaker 2: So they can take your money and promote their favorites
• 16:13
  Speaker 2: and give away some woke prizes. Don't worry, there's no
• 16:16
  Speaker 2: steak knives, but there's no Conservatives either.
• 16:22
  Speaker 17: Yes, we are playing Michelle Obama jeopardy, so your answer
• 16:26
  Speaker 17: is becoming what is the question?
• 16:29
  Speaker 1: The question is what is the name of Michelle Obama's memoir? Yeah?
• 16:37
  Speaker 1: There it is your taxes at work.
• 16:39
  Speaker 2: The ABC tells us that Sales and Crab received approval
• 16:42
  Speaker 2: for their personal roles and the ticket giveaways are standard
• 16:47
  Speaker 2: for local events. Sure, I look forward to their competition
• 16:51
  Speaker 2: for tickets to Pauline Hanson front fundraiser. Let's got to
• 16:59
  Speaker 2: camber now and catch up the Shadow Minister for Regional
• 17:01
  Speaker 2: Health and Regional Communities and Webster. Congratulations and for staying
• 17:05
  Speaker 2: out of the budget lock up. So when we get out,
• 17:09
  Speaker 2: when we hear the budget though, we're going to get
• 17:12
  Speaker 2: broken promises now. Of course the coalition governments in the
• 17:14
  Speaker 2: past have broken election promises, but this mob are getting.
• 17:18
  Speaker 1: Quite a list up. When are they going to be
• 17:20
  Speaker 1: made to pay a price?
• 17:24
  Speaker 12: Look, it's absolutely in every Australian's interest to hold this
• 17:29
  Speaker 12: Albanzi government to account. They are breaking promise after promise
• 17:34
  Speaker 12: and you know the whole my word is my bond.
• 17:38
  Speaker 12: It's just running a little bit thin for the Prime
• 17:40
  Speaker 12: Minister at this stage and no one left behind likewise,
• 17:45
  Speaker 12: because we know that in regional areas in particular, people
• 17:49
  Speaker 12: are being left behind.
• 17:50
  Speaker 2: It really concerns me also that they seem to think
• 17:54
  Speaker 2: the way to fix the housing crisis is to put
• 17:57
  Speaker 2: more taxes on housing investment and to.
• 18:00
  Speaker 1: Get more government involvement.
• 18:02
  Speaker 2: I mean, the trick to freeing up the housing market
• 18:06
  Speaker 2: is surely the strip away government involvement, maybe pull back
• 18:09
  Speaker 2: some of the taxes on housing and properties, and certainly
• 18:12
  Speaker 2: get rid of a lot of the regulation and planning
• 18:14
  Speaker 2: controls so we can actually get out there and build
• 18:16
  Speaker 2: more supply.
• 18:20
  Speaker 12: Absolutely, at the moment houses it's taking longer to build houses. Certainly,
• 18:26
  Speaker 12: the alb and Easy target at one point two million
• 18:29
  Speaker 12: homes by twenty thirty is a long way off, and
• 18:33
  Speaker 12: the cost of building continues to rise. So why would
• 18:36
  Speaker 12: you then make it harder for young people to get
• 18:40
  Speaker 12: into that market removing negative gearing and capital gains tax
• 18:45
  Speaker 12: I mean, these are tools that were for previous generations
• 18:49
  Speaker 12: and going to be grandfar that. As you said in
• 18:51
  Speaker 12: your earlier spiel that older people will still be able
• 18:55
  Speaker 12: to utilize so so much for intergenerational eco. I don't
• 19:00
  Speaker 12: think that's going to happen. And it's our younger people
• 19:03
  Speaker 12: who are really suffering under this government and the decisions
• 19:07
  Speaker 12: and policies that they're taking forward.
• 19:09
  Speaker 2: Yeah, well they're going to spit it as being a
• 19:10
  Speaker 2: budget for young people, but I agree, I think it's
• 19:13
  Speaker 2: just going to make things worse for younger Australians. I
• 19:15
  Speaker 2: want to go to something else, something totally unrelated today,
• 19:18
  Speaker 2: but it did play out in Canberra today after the
• 19:20
  Speaker 2: tragic death of that little girl out of Alice Springs,
• 19:24
  Speaker 2: allegedly murdered.
• 19:26
  Speaker 1: She is a niece.
• 19:27
  Speaker 2: She's part of the extended family of Senator just sent
• 19:29
  Speaker 2: to Namba jimper Price, who was one of the many
• 19:32
  Speaker 2: politicians who spoke mourning the little girl today.
• 19:35
  Speaker 1: Here's some of the Senator.
• 19:38
  Speaker 3: My niece was a little Australian girl.
• 19:41
  Speaker 1: Yep.
• 19:41
  Speaker 3: There is an ideology in this country that has deliberately
• 19:44
  Speaker 3: encouraged people to treat children like her differently because of
• 19:47
  Speaker 3: her racial heritage. It's that same ideology that has created
• 19:52
  Speaker 3: her hands off culture within parts of a child protection
• 19:57
  Speaker 3: system an ideology that too often places cultural sensitivities and
• 20:02
  Speaker 3: political correctness ahead of the safety of children.
• 20:07
  Speaker 2: Now, and I've known just into i don't know, ten years,
• 20:11
  Speaker 2: something more than that.
• 20:12
  Speaker 1: Since the very first time I spoke to her.
• 20:15
  Speaker 2: This has been her focus, the way children, in particular
• 20:19
  Speaker 2: in indigenous communities are neglected, and this racism of low
• 20:24
  Speaker 2: expectations the people who are living in town camps and
• 20:30
  Speaker 2: remote settlements in the Northern Territory.
• 20:32
  Speaker 1: And other states.
• 20:34
  Speaker 2: We would just not tolerate non indigenous children living in
• 20:38
  Speaker 2: those conditions anywhere in the country. Why do we tolerate
• 20:43
  Speaker 2: these living conditions?
• 20:47
  Speaker 12: Well, look, I think nailed it today through her tears.
• 20:51
  Speaker 12: I was so proud to listen to her and to
• 20:56
  Speaker 12: listen to her articulate that child protection is letting down
• 21:01
  Speaker 12: these children and that race and populist culture is also
• 21:09
  Speaker 12: ruining and risking their lives on a daily basis. I think,
• 21:13
  Speaker 12: you know, Jacinta has been calling for an audit of
• 21:16
  Speaker 12: all expenditure that in every indigenous organization. I think she
• 21:21
  Speaker 12: raises really good questions about accountability. And yeah, it was
• 21:26
  Speaker 12: just it was very moving watching her on the screen. Obviously,
• 21:30
  Speaker 12: I'm not in the Senate, but watching her on the screen,
• 21:33
  Speaker 12: it is heartfelt and it's just a complete tragedy. And
• 21:37
  Speaker 12: you're right, it would not be tolerated. It should not
• 21:39
  Speaker 12: be tolerated in any home, in any town anywhere.
• 21:45
  Speaker 2: Yeah, there's got to be action, but people will move
• 21:47
  Speaker 2: on the sort of the carnival will move on tragically,
• 21:51
  Speaker 2: but not if Cinda can help.
• 21:53
  Speaker 1: Thanks for joining us out. I appreciate and.
• 21:54
  Speaker 2: Webs to there awaiting the budget at SEVENOT thirty tonight
• 21:57
  Speaker 2: will be here live on yeah here on sky of
• 22:01
  Speaker 2: course tonight we'll bring you the budget live and then
• 22:03
  Speaker 2: all the analysis afterwards tonight, So don't go away, but
• 22:06
  Speaker 2: let's talk about what we can expect here some of
• 22:08
  Speaker 2: the aspects that we haven't talked about yet. Leith vannsl
• 22:11
  Speaker 2: and there's Macro Business chief economist joins us.
• 22:13
  Speaker 1: Live from Melbourn. Good to talk to you again, Leith.
• 22:16
  Speaker 2: I want to start on a topic that you speak
• 22:18
  Speaker 2: about a lot, and that is immigration. What are the
• 22:22
  Speaker 2: impacts in the here and now and in the coming
• 22:27
  Speaker 2: two or three years of our continued levels of high
• 22:30
  Speaker 2: immigration when it comes to our budget and our economy.
• 22:33
  Speaker 18: Yeah, so obviously the biggest immediate impact that we see
• 22:37
  Speaker 18: is in the rental market. So you know, the federal
• 22:39
  Speaker 18: government's run immigration very hard over recent years, extraordinarily hard.
• 22:44
  Speaker 18: We've imported more people than we can supply housing infrastructure for.
• 22:48
  Speaker 18: As a result, we've got a rental market that's in
• 22:50
  Speaker 18: absolute crisis. So we've got a rental wakesy rate at
• 22:53
  Speaker 18: historic lows. We've seen a nearly a fifty percent rise
• 22:59
  Speaker 18: in advertised rents since the end of twenty nineteen. Absolutely
• 23:04
  Speaker 18: massive rise there, and unfortunately, the federal government, according to
• 23:09
  Speaker 18: treasure Jim Charmers, immigration, the immigration forecast in tonight's budget
• 23:13
  Speaker 18: are going to be revised up by about fifteen percent
• 23:15
  Speaker 18: from work from last year's budget. That just means more
• 23:18
  Speaker 18: housing pressure. There is the silver lining, of course, to
• 23:20
  Speaker 18: the federal government. The federal government collects eighty percent of
• 23:23
  Speaker 18: tax revenues, and more immigration means more personal income taxes.
• 23:27
  Speaker 18: But those costs are then just deferred onto the states
• 23:30
  Speaker 18: who need to build the infrastructure and supply all the
• 23:32
  Speaker 18: services and that sort of thing. So yes, it's a
• 23:34
  Speaker 18: bit of a Ponzi scheme run by the federal government unfortunately,
• 23:37
  Speaker 18: and it's making our lives worse through the rental market
• 23:39
  Speaker 18: through crashloaded infrastructure and all those sorts of things.
• 23:42
  Speaker 2: With such tight rental markets in the major cities, surely
• 23:46
  Speaker 2: these changes to negative gearing can only push rents higher
• 23:51
  Speaker 2: because negative negative gearing gives landlords an incentive to actually
• 23:55
  Speaker 2: lose money on their properties.
• 23:57
  Speaker 18: Yeah, I'm not so certain about it pushing up. It's
• 24:00
  Speaker 18: necessarily just because obviously we can investor seals that into
• 24:04
  Speaker 18: the market that that home is generally bought by a
• 24:06
  Speaker 18: first home buyers.
• 24:07
  Speaker 1: So yes, it.
• 24:08
  Speaker 18: Reduces rental supply, but also reduces rental demand. We have
• 24:11
  Speaker 18: seen a situation in Victoria whereby Victoria bought in very
• 24:15
  Speaker 18: punitive land taxes and investors, and in fact, Victoria's rental
• 24:18
  Speaker 18: vancy rates a little bit better than the other capitals
• 24:20
  Speaker 18: and it's actually experienced slightly less rental growth. So that
• 24:23
  Speaker 18: doesn't say that it's not going to have an impact.
• 24:25
  Speaker 18: I just don't think it's going to be that great.
• 24:26
  Speaker 18: But again, the issue here, Chris, is that this is
• 24:30
  Speaker 18: just tinkering at the edges. It's not going to have
• 24:32
  Speaker 18: really an impact. What will have an impact is if
• 24:35
  Speaker 18: the government cuts immigration. That will help renters, it will
• 24:38
  Speaker 18: help first home buyers because first home buyers rent typically
• 24:41
  Speaker 18: before they buy, and if they pay less in rent,
• 24:43
  Speaker 18: they have more money to save up for a deposit
• 24:45
  Speaker 18: and it makes purchasing cheaper. And also low immigration will
• 24:48
  Speaker 18: also put some downward pressure on prices. So if the
• 24:51
  Speaker 18: government really wants to fix the housing crisis, the solution
• 24:53
  Speaker 18: is to cut immigration.
• 24:55
  Speaker 2: You've been a strong economic voice for lower immigration for
• 24:58
  Speaker 2: so long, with a handful of art governments just don't
• 25:01
  Speaker 2: want to listen. I know most of our viewers agree
• 25:03
  Speaker 2: with you. It just makes sense to them. But we
• 25:06
  Speaker 2: will see this government won't be doing that. The other
• 25:08
  Speaker 2: thing I wanted to get your thoughts on is changes
• 25:11
  Speaker 2: to the capital gains tax regime. If we are effectively
• 25:16
  Speaker 2: taxing capital gains at a higher rate from tonight's budget onwards,
• 25:21
  Speaker 2: surely that creates risks for our economy because capital is
• 25:25
  Speaker 2: just so mobile these days. So why wouldn't we see
• 25:29
  Speaker 2: less investment in Australia if they're paying higher taxes here?
• 25:34
  Speaker 6: Yeah? Certainly.
• 25:34
  Speaker 18: Well, the indexing capital gains actually favors long term investment,
• 25:39
  Speaker 18: so if you hold an investment for a very long term,
• 25:42
  Speaker 18: they actually pay less capital gains tax than under the
• 25:44
  Speaker 18: current system. That's about to be replaced. But what the
• 25:49
  Speaker 18: pre ninety nine indexing method that we're about to get
• 25:52
  Speaker 18: does penalize people who hold assets for a short period
• 25:56
  Speaker 18: of time, and it does discourage speculation sort of thing. Look, personally,
• 26:01
  Speaker 18: I'm not too bothered by it. We survived in pre
• 26:04
  Speaker 18: nineteen ninety nine. We arguably had better productivity than we
• 26:07
  Speaker 18: had now. That doesn't really concern me. But what does
• 26:09
  Speaker 18: concern me, Chris, is that if the federal government doesn't
• 26:13
  Speaker 18: use the money saved by getting rid of eger to
• 26:15
  Speaker 18: gear In and the capital gains tax discount to reduce
• 26:20
  Speaker 18: personal income taxes, then this is just a pure tax grab.
• 26:23
  Speaker 18: Because Australia is ridiculously reliant on personal income taxes. The
• 26:26
  Speaker 18: top marjor rate now kicks in at one point eight
• 26:28
  Speaker 18: times meeting full time earnings.
• 26:30
  Speaker 1: That is insanely low.
• 26:31
  Speaker 18: It's going to get worse with bracket creep over time
• 26:32
  Speaker 18: with high inflation. So the government really needs to channel
• 26:36
  Speaker 18: any budget savings from these measures into lowering personal income
• 26:39
  Speaker 18: taxes for workers, and if they don't do that, it's
• 26:42
  Speaker 18: just a blatant tax grab.
• 26:43
  Speaker 2: Well, we will see at seven point thirty tonight. Thanks
• 26:46
  Speaker 2: for joining us, Leath appreciate it. Leath the nodside, they're
• 26:49
  Speaker 2: live from Melbourne.
• 26:50
  Speaker 1: We've got to get to a break. I the other side.
• 26:51
  Speaker 2: I'll catch out with Tim Lair and we'll talk about
• 26:53
  Speaker 2: how the lefties aren't particularly happy about democracy as it
• 26:58
  Speaker 2: unfolded in the Pharaoh election.
• 27:05
  Speaker 1: We love to catch up with the day telegraphs Tim.
• 27:07
  Speaker 2: Blair on Tuesdays, and today he's written about the fallout
• 27:11
  Speaker 2: from the Pharaoh by election, how mainstream people, normal people
• 27:14
  Speaker 2: had their say, but the so called lefty elites haven't
• 27:18
  Speaker 2: handled it too well. He joined me in the studio
• 27:21
  Speaker 2: earlier before heading into the budget lock up, and we
• 27:24
  Speaker 2: started by talking about how the elite don't like one
• 27:27
  Speaker 2: nation's victory.
• 27:29
  Speaker 13: No, they really don't. Para has really shaken up a
• 27:31
  Speaker 13: lot of things. But the most interesting thing for me
• 27:34
  Speaker 13: is that the reaction is a bit sort of split
• 27:38
  Speaker 13: from our elites anyway. It's all, no, this doesn't matter.
• 27:40
  Speaker 13: It's only one vote and it's only only one seat,
• 27:43
  Speaker 13: and it's only racists and bigots. But they're really screaming it,
• 27:47
  Speaker 13: really loudly. It shows are a bit rattled.
• 27:49
  Speaker 1: They are rattled.
• 27:50
  Speaker 2: I love that you love Peter Fitzsimon's. He's a favorite
• 27:53
  Speaker 2: of yours, the Sydney Morning Herald columnists, And have a
• 27:56
  Speaker 2: look at what he tweeted on March the eleventh on
• 27:58
  Speaker 2: social media. He was saying, I know Farah a little.
• 28:01
  Speaker 2: I love towns like Aubrey, Leaton and Randra. It would
• 28:04
  Speaker 2: amaze him if the electorate and towns like that would
• 28:08
  Speaker 2: vote one nation to the level of more than fifty
• 28:10
  Speaker 2: percent two pp.
• 28:11
  Speaker 1: He was dead wrong, wasn't he.
• 28:13
  Speaker 13: Well, to a degree, there was actually near fifty seven
• 28:16
  Speaker 13: percent referred, so he kind of got it right. But
• 28:19
  Speaker 13: people like fitz Simon's are always surprised and amazed when
• 28:23
  Speaker 13: things don't go their way. They don't have enough imagination
• 28:25
  Speaker 13: to put themselves in the shoes of the people who
• 28:27
  Speaker 13: might be voting against their perspective.
• 28:30
  Speaker 2: But how could you go to towns like Naranda or Eaton,
• 28:33
  Speaker 2: or Aubrey or Hay or anywhere in this country and
• 28:36
  Speaker 2: talk to people and not understand that one nation would resonate.
• 28:40
  Speaker 13: It's because you can self select and you go to
• 28:43
  Speaker 13: country towns.
• 28:44
  Speaker 1: It's easy.
• 28:45
  Speaker 13: It would be easy for us if we wanted to
• 28:47
  Speaker 13: isolate our points of view to go to country towns
• 28:49
  Speaker 13: or cities throughout Australia and only find people who vote
• 28:51
  Speaker 13: a Liberal or National Comparty and then come away saying,
• 28:53
  Speaker 13: oh boy, they're rock solid conservative.
• 28:57
  Speaker 1: So he's in Newtown, he's only talking to people in bandanas.
• 29:00
  Speaker 13: You reckon exactly, it's not himself.
• 29:04
  Speaker 2: This is another tweet you've high lighted from him back
• 29:06
  Speaker 2: in January. He said, I predict that Andrew Hasty will
• 29:09
  Speaker 2: be in charge of the LMP by April as to
• 29:12
  Speaker 2: the left and right schism, to a chasm as he
• 29:15
  Speaker 2: going there.
• 29:16
  Speaker 13: Well, he missed that one, so I mean if he
• 29:19
  Speaker 13: may well eventually end up, I mean he could claim
• 29:21
  Speaker 13: eventually that you got it right.
• 29:22
  Speaker 1: But yeah, he doesn't say the year it is April.
• 29:24
  Speaker 1: It could be April next year exactly.
• 29:26
  Speaker 13: Yeah, he's given himself a little bit of real room there.
• 29:29
  Speaker 13: We'll see how he goes. Most likely he'll always be wrong.
• 29:32
  Speaker 6: Now.
• 29:32
  Speaker 2: The other thing you've focused on is is this moralizing,
• 29:36
  Speaker 2: this sanctumny from some of them. And I ran some
• 29:39
  Speaker 2: of the grabs from the ABC on the program last night.
• 29:41
  Speaker 1: I have a look at this from Nicky Savah.
• 29:44
  Speaker 15: It was wrong politically and it was wrong morally. It
• 29:50
  Speaker 15: gave a signal to Liberal voters that it was okay
• 29:54
  Speaker 15: to vote for one nation.
• 29:56
  Speaker 2: She's talking about the preferencing of the Liberal Party, but
• 29:59
  Speaker 2: it's effectively this same thing. And basically, if you vote
• 30:01
  Speaker 2: one nation, you're not only wrong politically, you are morally inferior.
• 30:06
  Speaker 13: Nicki Savoh incredible political experience on both sides of politics,
• 30:12
  Speaker 13: and she represented you know, she spoke on behalf of
• 30:16
  Speaker 13: various senior Liberal Party or danities and so on. This
• 30:18
  Speaker 13: is what happens when you spend too much time in camera.
• 30:20
  Speaker 13: You get so loused up with camera views and bubble
• 30:25
  Speaker 13: think that you come away picking that's the middle of
• 30:27
  Speaker 13: the road perspective and that somehow one nation voters need
• 30:31
  Speaker 13: permission to vote. That reeks of authoritarianism. It reeks of
• 30:36
  Speaker 13: the sort of stuff that people who who oppose one
• 30:39
  Speaker 13: nation generally characterize one nation as they think it's scary
• 30:42
  Speaker 13: and fascistic and so on. Yet they say those same things,
• 30:46
  Speaker 13: it's too much time in camera, too.
• 30:48
  Speaker 2: Much time in camera. She is a self confessed liar.
• 30:50
  Speaker 2: Nicki Savage has written that she does tell lies or
• 30:53
  Speaker 2: used to tell lies in her job, So there's always
• 30:56
  Speaker 2: that by the time this goes to air this pre recorded.
• 30:59
  Speaker 2: Then you will be in the budget lock up. You
• 31:02
  Speaker 2: will have been in there for about four or five hours.
• 31:05
  Speaker 2: You would have read the budget speech all the details.
• 31:07
  Speaker 2: Where will Tim Blair be as this goes to? Where
• 31:10
  Speaker 2: in a headspace? Will you be angry? Will you be laughing?
• 31:15
  Speaker 1: Or will be asleep?
• 31:16
  Speaker 6: Always got to be laughing.
• 31:19
  Speaker 13: It's getting easier to laugh at album and Jim charmers
• 31:22
  Speaker 13: because their actor is becoming a bit more ridiculous. Early on,
• 31:26
  Speaker 13: when the popularity is high and they were thinking they
• 31:29
  Speaker 13: can get away with a lot of stuff, you know
• 31:30
  Speaker 13: it was your anguish. You feel a English on behalf
• 31:33
  Speaker 13: of the country. Now people are sort of seen through them.
• 31:36
  Speaker 13: And also so many of the assumptions behind this budget,
• 31:41
  Speaker 13: the non financial assumptions, the sociological assumptions, they are all
• 31:44
  Speaker 13: put in place before Farah, which I think has shifted
• 31:47
  Speaker 13: the ground under their feet a little bit. It's going
• 31:48
  Speaker 13: to be interesting to see an amusing to see the
• 31:51
  Speaker 13: clash between what the budget says and how the country
• 31:53
  Speaker 13: is now feeling.
• 31:54
  Speaker 2: The other thing is the broken promises. Right labor very
• 31:58
  Speaker 2: and rightly hold.
• 31:59
  Speaker 1: The Coulis into account when they break.
• 32:01
  Speaker 2: Promises, and the press ball gallery comes in hard behind them.
• 32:04
  Speaker 1: But they're out there saying that they've just changed their
• 32:07
  Speaker 1: view for the right reasons. Here's a bit of Jim Charmers.
• 32:10
  Speaker 4: Tonight we take a series of right decisions for the
• 32:14
  Speaker 4: right reasons. Tonight we choose the hard road of reform,
• 32:18
  Speaker 4: not the path of least resistance, A responsible budget, a
• 32:23
  Speaker 4: reform budget.
• 32:24
  Speaker 2: It's like everything he says is the opposite of the reality.
• 32:28
  Speaker 13: Shouldn't there be that democation odd fashioned union democation despit
• 32:31
  Speaker 13: Because at the moment Chalmers is positioning himself as both
• 32:34
  Speaker 13: the government and the opposition. He's taking down his own policies,
• 32:39
  Speaker 13: but saying that's a good thing to take down those
• 32:40
  Speaker 13: policies because they're the wrong policies and now we're doing
• 32:43
  Speaker 13: things the right way. So's they're not pulling a one
• 32:45
  Speaker 13: eight and switching around. They're just advancing on badness and
• 32:49
  Speaker 13: somehow that's also good.
• 32:51
  Speaker 2: They've changed their view, they've changed their view, Tim, and
• 32:55
  Speaker 2: they've done it for the right reasons.
• 32:56
  Speaker 1: Unfortunately, voters, we don't get to.
• 32:58
  Speaker 2: Retrospectively change our view. We're stuck with them till the
• 33:01
  Speaker 2: next election. Good luck in there, Tim, Thanks for dropping.
• 33:03
  Speaker 1: In on the way, thanks mate, Thanks wrong.
• 33:06
  Speaker 2: Yeah, I can't wait to hear what Tim Blair makes
• 33:08
  Speaker 2: if it all is stuck in there still till seven
• 33:10
  Speaker 2: point thirty.
• 33:11
  Speaker 1: As they all are coming.
• 33:13
  Speaker 2: Up after the break though, we're going to talk about
• 33:14
  Speaker 2: Donald Trump heading to China as the ceasefire.
• 33:17
  Speaker 1: With Iran remains very, very fragile. Kristen Tate will join me.
• 33:25
  Speaker 2: Let's get back to the budget and catch up with
• 33:27
  Speaker 2: Predep Philippo's, the lead partner at Deloitte Access Economics, joins
• 33:30
  Speaker 2: us life from Canberra.
• 33:31
  Speaker 1: Good to talk to you again, Pradeep. I wonder if
• 33:34
  Speaker 1: he can help me out with something.
• 33:35
  Speaker 2: Right, This government and this Treasurer in particular and the
• 33:39
  Speaker 2: Finance Minister keep telling us about the hundreds of billions
• 33:43
  Speaker 2: of dollars worth of savings one hundred and fourteen billion
• 33:45
  Speaker 2: dollars worth of savings.
• 33:47
  Speaker 1: Yeah, we know.
• 33:47
  Speaker 2: Government spending has been going up every budget, as has
• 33:51
  Speaker 2: the share the government spenders a share of the economy.
• 33:55
  Speaker 2: So what are they tinkering with here when they claim
• 33:58
  Speaker 2: to have savings, just pretending that in the our years
• 34:02
  Speaker 2: they're going to be spending less than what was previously forecast.
• 34:08
  Speaker 8: Look, it's really important for all budgets and governments to
• 34:12
  Speaker 8: be fiscally responsible. Now that can mean a couple of things.
• 34:16
  Speaker 8: You know, on the spending side, we certainly know that
• 34:19
  Speaker 8: at some point in the past we'd underinvested in some
• 34:22
  Speaker 8: things like mental health and age care, and of course
• 34:26
  Speaker 8: in something like defense, and so we're seeing an uplift
• 34:29
  Speaker 8: on spending there.
• 34:30
  Speaker 1: The issue then.
• 34:31
  Speaker 8: Becomes is all of the governments spending effective? Is it
• 34:35
  Speaker 8: good for productivity, is it good for investment? Does it
• 34:38
  Speaker 8: build social cohesion? And government evaluation of programs needs to
• 34:42
  Speaker 8: take place to make sure if they're not working, judge them,
• 34:45
  Speaker 8: if they need to be tweaked, make them more effective,
• 34:48
  Speaker 8: and if they're working well, keep them. And of course
• 34:51
  Speaker 8: there's another side of the balance sheet, Chris, and that
• 34:53
  Speaker 8: is on the tax side. Is our tax system efficient,
• 34:57
  Speaker 8: equitable and is it fit for purpose? And you know,
• 35:00
  Speaker 8: one of the debates we're having now is about that
• 35:03
  Speaker 8: tax system. You might recall, Chris, back in the eighties
• 35:06
  Speaker 8: and nineties, when tax system was really put together, we
• 35:09
  Speaker 8: used to think that was older Australians who were poorer,
• 35:13
  Speaker 8: and now we've seen over the last twenty thirty years
• 35:17
  Speaker 8: a massive increase in wealth for those people, which is why,
• 35:21
  Speaker 8: all of a sudden, along with demographic change, we're now
• 35:24
  Speaker 8: having an important discussion about intergenerational fairness, and these things
• 35:29
  Speaker 8: on the spending side and the tax site have to
• 35:31
  Speaker 8: come together. We tend to make a mistake of just
• 35:34
  Speaker 8: focusing on one not the other, which is why we
• 35:37
  Speaker 8: can sometimes have a bit of an unrealistic conversation about this.
• 35:41
  Speaker 8: The reality is what do we spend things on? Is
• 35:45
  Speaker 8: it productivity.
• 35:46
  Speaker 1: Enhancing versus how we tax?
• 35:49
  Speaker 6: Is it efficient equable?
• 35:51
  Speaker 8: The two put together is really how we need to
• 35:53
  Speaker 8: think about the budget going forward.
• 35:56
  Speaker 2: I would argue that they're making a mess on both
• 35:59
  Speaker 2: sides of this when we talk about spending. Though we
• 36:01
  Speaker 2: keep hearing about these savings, they had not been We
• 36:04
  Speaker 2: have spending at record levels right We've got spending it
• 36:07
  Speaker 2: more than twenty seven percent of GDP. So they've been
• 36:10
  Speaker 2: shifting money around, not reducing government spending. And in this
• 36:14
  Speaker 2: budget tonight they won't reduce government spending.
• 36:16
  Speaker 1: Will THEYM Well.
• 36:19
  Speaker 8: It will be interesting to see because we are hearing
• 36:22
  Speaker 8: some signals that, you know, the size of the deficits
• 36:26
  Speaker 8: will come down, and that will be important to see,
• 36:28
  Speaker 8: and there'll be a debate about whether they're coming down enough.
• 36:31
  Speaker 1: And again they'll go.
• 36:32
  Speaker 8: To two sides of the equation. What are they spending
• 36:35
  Speaker 8: on and what are they cutting? And what are they
• 36:37
  Speaker 8: taxing and what are they reforming?
• 36:39
  Speaker 1: Let me just jump in there predicting for of all
• 36:41
  Speaker 1: of this productivity.
• 36:43
  Speaker 2: Sure, productivity is a key, it's been the missing element
• 36:46
  Speaker 2: for so long really, but just quickly a key here is, for.
• 36:49
  Speaker 1: Instance, they've told us they're going to save.
• 36:51
  Speaker 2: Billions of dollars in NDS reform, and so they'll.
• 36:56
  Speaker 1: Have in the budget a lot of predicted spending.
• 36:59
  Speaker 2: Wound back because they say they're going to cut six
• 37:02
  Speaker 2: hundred thousand people off the NDIS.
• 37:05
  Speaker 1: But in the end, if they they might not do that.
• 37:08
  Speaker 1: I mean it's going to be very difficult for them
• 37:09
  Speaker 1: to do that.
• 37:10
  Speaker 2: So they can say they're reducing spending on the NDIS,
• 37:13
  Speaker 2: but delivery is an entirely different thing.
• 37:18
  Speaker 1: Look, you touch on a really important point for all governments.
• 37:21
  Speaker 8: Ambition is one thing, and it's a good thing to
• 37:23
  Speaker 8: be ambitious and really important to have targets.
• 37:26
  Speaker 6: It always comes.
• 37:27
  Speaker 8: Down to this question of execution and do we execute correctly?
• 37:31
  Speaker 8: And I think the NDIS will be one where you know, yes,
• 37:34
  Speaker 8: the government is making has announce some savings out of
• 37:37
  Speaker 8: the NDIS. The question will be how does that get
• 37:40
  Speaker 8: picked up in the rest of the health system, both
• 37:43
  Speaker 8: in the States and in terms of the federal budget,
• 37:46
  Speaker 8: and what does this have For instance, you know, Chris,
• 37:49
  Speaker 8: if we were to just cut everyone off the NDIS
• 37:51
  Speaker 8: and they didn't get any assistance, this would have a
• 37:54
  Speaker 8: labor supply impact because not only would these people on
• 37:57
  Speaker 8: the NDIS not have a chance of work, but who
• 38:00
  Speaker 8: cares for them.
• 38:01
  Speaker 6: It's generally been women, and.
• 38:03
  Speaker 8: So you might see a labor supply response of women
• 38:06
  Speaker 8: having to drop out of the workforce, and we don't
• 38:07
  Speaker 8: want to see that. So it all comes down to
• 38:09
  Speaker 8: it's good to have ambition, but it all comes down
• 38:13
  Speaker 8: to execution.
• 38:14
  Speaker 1: Sure does.
• 38:14
  Speaker 2: Thanks for joining us again, PEP appreciate it. Prodep Philip
• 38:17
  Speaker 2: there from Deloitte Access Economics. So I want to cross
• 38:20
  Speaker 2: to our US contributor, to Christen Tate in just a moment.
• 38:23
  Speaker 2: The first, of course, hopes of a peace deal between
• 38:25
  Speaker 2: the US and Iran are fading again. Have a listened
• 38:29
  Speaker 2: to the President's response to this question overnight.
• 38:34
  Speaker 1: Fire remainers.
• 38:36
  Speaker 8: It's unbelievably weik, I would call it the weakest right
• 38:42
  Speaker 8: now after reading a piece of garbage.
• 38:45
  Speaker 6: I didn't even finish reading it.
• 38:47
  Speaker 10: They said, I'm going to waste my time reading it.
• 38:50
  Speaker 6: I would say it's one of the weakest right now.
• 38:53
  Speaker 6: It's on life support.
• 38:55
  Speaker 2: Yeah, we know it's on life support because we've seen
• 38:57
  Speaker 2: an outbreak of hostilities every now and then. As I
• 39:00
  Speaker 2: put to Christen Tite, Donald Trump seems to be showing
• 39:03
  Speaker 2: an incredible amount of patience. He keeps threatening mijor military
• 39:07
  Speaker 2: strikes but then holding back.
• 39:10
  Speaker 3: Yeah.
• 39:10
  Speaker 19: I mean, look, I think President Trump is absolutely right
• 39:13
  Speaker 19: here to be rejecting unreasonable demands from Iran, but we
• 39:17
  Speaker 19: also need to be honest that we're looking at a
• 39:20
  Speaker 19: situation now where there are increased odds of escalation, military escalation,
• 39:25
  Speaker 19: and people need to be asking, you know, if Project
• 39:28
  Speaker 19: Freedom is now going to be restarting in the strait
• 39:30
  Speaker 19: of Hermouse, how long are we looking at an operation lasting?
• 39:34
  Speaker 20: Is it weeks? Is it months? Is it years?
• 39:35
  Speaker 19: Because we all know in that region of the world,
• 39:38
  Speaker 19: these kinds of military conflicts they're not really usually short lived,
• 39:42
  Speaker 19: and a lot of people here in the US, Chris
• 39:44
  Speaker 19: are kind of just starting to wonder, like, are we
• 39:46
  Speaker 19: basically just fighting a war in order to reopen a
• 39:50
  Speaker 19: street that was already open before we started this war.
• 39:53
  Speaker 19: And to I guess deter nuclear capabilities that we were
• 39:57
  Speaker 19: told this were destroyed over the summer, and me while
• 40:00
  Speaker 19: gas prices are soaring in this country, we have the
• 40:04
  Speaker 19: administration now talking about suspending the federal gas tax because
• 40:09
  Speaker 19: you know, people are being crushed financially, and that is
• 40:12
  Speaker 19: sort of an admission from the administration that this war
• 40:16
  Speaker 19: is having serious economic consequences already.
• 40:19
  Speaker 2: Yeah, you and I would have different perspectives on this war,
• 40:22
  Speaker 2: although the sort of thinking you've just outlined there is
• 40:25
  Speaker 2: very popular, I would say is the popular view in
• 40:27
  Speaker 2: Australia as well. I happen to think that Iran needed
• 40:31
  Speaker 2: to be confronted as successive American presidents, whether they be Bush,
• 40:35
  Speaker 2: Obama or of course Sir Biden, said that they needed
• 40:38
  Speaker 2: to stop around getting nuclear weapons.
• 40:40
  Speaker 1: They never did anything about it.
• 40:42
  Speaker 2: And of course it's a Ran that's been behind all
• 40:44
  Speaker 2: the trouble that Israel has had to.
• 40:46
  Speaker 1: Deal with over the last few years.
• 40:48
  Speaker 2: It's a Ran that was behind Hamas Hasbala, the Houdi's
• 40:50
  Speaker 2: and the.
• 40:51
  Speaker 1: Rest of it.
• 40:51
  Speaker 2: But nonetheless, what you say is right. Donald Trump needs
• 40:54
  Speaker 2: to finish this. You'd like to think that during the
• 40:57
  Speaker 2: ceasefire period the more would be going into whatever strikes
• 41:02
  Speaker 2: could be needed. But also Donald Trump's on his way
• 41:05
  Speaker 2: to China, and surely top of his agenda there with
• 41:09
  Speaker 2: Yiji Ping would be getting China to put more press
• 41:12
  Speaker 2: pressure on Iran. Then they have a lot of sway
• 41:16
  Speaker 2: with Iran and they needed oil, so that would be
• 41:19
  Speaker 2: could be the breakthrough he's after in Beijing.
• 41:22
  Speaker 19: Absolutely, yeah, I mean the interesting question here to me
• 41:26
  Speaker 19: is whether the administration is entering the talks with China
• 41:28
  Speaker 19: from a position of strength. Uh, you know, we need
• 41:32
  Speaker 19: Chinese cooperation right now because.
• 41:34
  Speaker 20: Of the Iran situation.
• 41:35
  Speaker 19: So I'm a little concerned in some ways about kind
• 41:38
  Speaker 19: of becoming overextended in terms of our foreign policy because
• 41:43
  Speaker 19: I do think the Iran war has changed our leverage
• 41:46
  Speaker 19: position here. We need China, but we're also simultaneously, you know,
• 41:50
  Speaker 19: we have been for years trying to economically pressure China.
• 41:53
  Speaker 20: So it's a very delicate situation.
• 41:55
  Speaker 2: Yeah, exactly, And China will be focused on Taiwan and
• 41:59
  Speaker 2: President was asked about the prospect of Jijiping trying to
• 42:04
  Speaker 2: put pressure on him over US ARM sales to Taiwan.
• 42:09
  Speaker 1: He's Donald Trump again. I'm going to have that discussion
• 42:12
  Speaker 1: with President President.
• 42:14
  Speaker 6: You would like us not to a lot of good
• 42:16
  Speaker 6: things go happen.
• 42:17
  Speaker 14: Now we'll be talking about I mean, he'll bring up Taiwan,
• 42:21
  Speaker 14: I think more than I will.
• 42:23
  Speaker 1: We will see. It is going to be fascinating to watch.
• 42:25
  Speaker 2: It always is fascinating with the when the US and
• 42:28
  Speaker 2: Chinese leadership gets together, but especially at.
• 42:31
  Speaker 1: This time with these two men.
• 42:33
  Speaker 2: I just want to show you while we're on these topics, Kristin,
• 42:36
  Speaker 2: I want to show you what Kamala Harris has had
• 42:39
  Speaker 2: to say and get your thoughts on that.
• 42:41
  Speaker 1: Here.
• 42:41
  Speaker 2: She is the former Democratic presidential nominee.
• 42:45
  Speaker 21: When you look at this, this war in Iran, which
• 42:49
  Speaker 21: the American people do not want, which was not authorized
• 42:54
  Speaker 21: by conference, but even if it was, it should not
• 42:56
  Speaker 21: have been initiated. He talked about obliterating and then he
• 42:59
  Speaker 21: said he did, it's all just.
• 43:04
  Speaker 22: Bullshit.
• 43:08
  Speaker 2: Well, of course, Christian, it's her course language that's getting
• 43:11
  Speaker 2: all the attention. But you would tend to agree with
• 43:14
  Speaker 2: her on her perspective on the wall.
• 43:17
  Speaker 20: I mean, yeah, but come on, it's Kamala Harris.
• 43:21
  Speaker 19: She sounds like she's simultaneously trying to like give a
• 43:24
  Speaker 19: ted talk while she's also scolding a third grader and
• 43:27
  Speaker 19: improvising a book report for a book she didn't read.
• 43:31
  Speaker 20: I also find it really ironic.
• 43:34
  Speaker 19: Chris, because the Democrats have been telling us for years
• 43:36
  Speaker 19: that Trump's rhetoric is too dangerous and kind of bombastic.
• 43:40
  Speaker 20: Now Kamala Harris is on stage dropping.
• 43:43
  Speaker 19: F bombs to an applause in Las Vegas while talking
• 43:46
  Speaker 19: about extremely sensitive situations going on overseas.
• 43:50
  Speaker 20: I mean, come on, they're clowns.
• 43:53
  Speaker 1: Come on, come on. It was a B bomb, not
• 43:55
  Speaker 1: an F bomb, but a lot.
• 43:58
  Speaker 20: There's a lot of profanity in there.
• 44:00
  Speaker 2: Whatever your view is on the wall other issues, I
• 44:03
  Speaker 2: think we can all be very very glad that it's
• 44:07
  Speaker 2: not Kamala Harris who's making the decisions at the Oval Office.
• 44:11
  Speaker 2: Thanks for joining us again, Kristen, Thank you. Chras love
• 44:16
  Speaker 2: catching up with her every Tuesday. We've got to take
• 44:18
  Speaker 2: a break. On the other side, Steven sent a tempo
• 44:20
  Speaker 2: and Jamie Johnson on the Greens adopting some gender neutral
• 44:24
  Speaker 2: budget language. Okay, no time to waste, Let's bring in
• 44:32
  Speaker 2: Jamie Johnson from the just Jamie j Podcast filling in
• 44:36
  Speaker 2: for us this week.
• 44:37
  Speaker 1: Good to see you.
• 44:37
  Speaker 2: Jamie and Steven sent a tempo from two Double C
• 44:40
  Speaker 2: and Canberra helping us out. Mate, I just want to
• 44:43
  Speaker 2: get a thought from both of you first on the
• 44:46
  Speaker 2: broken promises. So Labor seems to be getting away with
• 44:49
  Speaker 2: this too much.
• 44:50
  Speaker 1: Will the budget bring it home?
• 44:52
  Speaker 2: Stephen and will punters start to get really angry about
• 44:55
  Speaker 2: the litany of broken promises from Albanesi and charmers.
• 45:01
  Speaker 11: Maybe not immediately, but eventually when the effects start to
• 45:04
  Speaker 11: kick in, of course. But look, as I've said several
• 45:07
  Speaker 11: times on your program, Chris, this has become the hallmark
• 45:09
  Speaker 11: of the Albanese government.
• 45:11
  Speaker 6: They can't lay straight in bed.
• 45:13
  Speaker 11: It's everything that comes out of the mouth of any
• 45:15
  Speaker 11: of these ministers seems to be somewhere so far from
• 45:18
  Speaker 11: the truth. It's not funny. I mean, look at Annaka Wells.
• 45:20
  Speaker 11: You know, well, I went over for an official meeting.
• 45:22
  Speaker 11: Well it was actually a mate's birthday party, and I
• 45:24
  Speaker 11: thought it kind of catch up with her husband in
• 45:27
  Speaker 11: the kitchen while I was there, but then he threw
• 45:28
  Speaker 11: me under the bus as well. You know, well, just
• 45:31
  Speaker 11: everything that they say, it turns out to be alike.
• 45:33
  Speaker 2: Well, a big factor is all those people you're going
• 45:36
  Speaker 2: to be mixing there with tonight, the Canberra Press Gallery,
• 45:38
  Speaker 2: they haven't been pursuing labor and I'm just wondering, Jamie,
• 45:41
  Speaker 2: whether when you have a broken promise as the centerpiece
• 45:44
  Speaker 2: of this budget, finally the public will just arc up,
• 45:47
  Speaker 2: regardless of the press gallery, leaving them alone.
• 45:50
  Speaker 7: You know, that's my biggest fear about tonight, Chris, is
• 45:52
  Speaker 7: that you already have said at the top of your
• 45:54
  Speaker 7: show all of the lies.
• 45:56
  Speaker 1: There's been lots.
• 45:57
  Speaker 7: There's been power bills, controlled migration changes to negative earing, CGT, Medicare,
• 46:01
  Speaker 7: Stage three, tax cuts, a huge list. My concern though,
• 46:05
  Speaker 7: is where is the opposition prosecuting that? And we just
• 46:09
  Speaker 7: saw leading up to Farah. You know, I did a
• 46:11
  Speaker 7: bit of an analysis on the Liberal Party social media.
• 46:15
  Speaker 7: They attacked one nation twenty two percent of the time
• 46:18
  Speaker 7: that they posted, and attacked the tills eight percent. They
• 46:21
  Speaker 7: don't know which side they're on, which team they're on.
• 46:23
  Speaker 2: Every time I make hits here on the government, I
• 46:25
  Speaker 2: wonder why isn't the old position doing the same. You
• 46:29
  Speaker 2: make a very strong point. I do want to show
• 46:31
  Speaker 2: you just by way of a bit of a diversion here.
• 46:34
  Speaker 2: When it comes to these negative gearing changes. They're going
• 46:37
  Speaker 2: to be grandfathered. That's the term. They're going to be grandfathered.
• 46:41
  Speaker 1: So that if you.
• 46:42
  Speaker 2: Know, Anthony Alberizi is negatively gearing his beach house, he
• 46:46
  Speaker 2: can keep negatively gearing it.
• 46:47
  Speaker 1: It's only from tonight that people can't do it.
• 46:50
  Speaker 2: But listen to how the Greens Senator Nick McKim, listen
• 46:55
  Speaker 2: to how he refers to grandfathering.
• 46:58
  Speaker 22: From a lot of the it seems as if the
• 47:02
  Speaker 22: government is being a grand person in existing arrangements, or
• 47:06
  Speaker 22: at least do so significantly.
• 47:10
  Speaker 2: He's got a grand person them, Stephen.
• 47:14
  Speaker 20: Gender neutral.
• 47:15
  Speaker 11: We really have to worry about the twelve percent of
• 47:17
  Speaker 11: people that vote for the Greens, the fact that they're
• 47:19
  Speaker 11: allowed to walk amongst us unfettered.
• 47:22
  Speaker 6: Seriously, I mean, there's.
• 47:24
  Speaker 11: Serious issues going on here and this is what they
• 47:26
  Speaker 11: thought was important. And they were standing just not far
• 47:29
  Speaker 11: from where I am right now when they did it.
• 47:31
  Speaker 2: They were grand person in personally. Let's see if that
• 47:34
  Speaker 2: language makes it into the budget. Jamie, I've got to
• 47:36
  Speaker 2: talk to you about your latest column when you've talked
• 47:39
  Speaker 2: about the plethora of choices in the political world.
• 47:42
  Speaker 1: It's a bit of a mess, isn't it.
• 47:43
  Speaker 7: It is an absolute mess. You know, when I was
• 47:45
  Speaker 7: writing this article, I just could not get that word
• 47:49
  Speaker 7: circus out of my mind. There we have got that
• 47:52
  Speaker 7: much choice now there are more than thirty registered political
• 47:55
  Speaker 7: parties in Australia. That does not include the Army of Independence,
• 47:59
  Speaker 7: that does not include the Teal movement. And it's just
• 48:02
  Speaker 7: a mess. I think that Australians need clarity.
• 48:06
  Speaker 2: Yeah, I mean, and so everyone's right to form a
• 48:08
  Speaker 2: political party though You're right, it's very messy and crowded
• 48:12
  Speaker 2: filled and Clive Palmers still out there. Look at this,
• 48:14
  Speaker 2: He's running ads in the newspapers and on television.
• 48:17
  Speaker 1: Must be costing him a fortune.
• 48:18
  Speaker 2: I don't know why, but he is one of them.
• 48:21
  Speaker 9: Bring back billions of super turbo charge of the economy,
• 48:23
  Speaker 9: abolished student debt, eliminated Australias that increased pensions by thirty percent,
• 48:27
  Speaker 9: New deal dot Au, New deal dot Au, New Deals
• 48:31
  Speaker 9: dot Au.
• 48:32
  Speaker 7: I didn't I've read the website.
• 48:35
  Speaker 1: I hope he spends all the money here on Sky.
• 48:37
  Speaker 1: But Stephen, why what's the advertising?
• 48:42
  Speaker 6: Look?
• 48:42
  Speaker 11: I really don't understand. He's like the big cave of
• 48:44
  Speaker 11: Australian politics. As you expect me at the end of
• 48:46
  Speaker 11: the ads to go new deal dot com dot au.
• 48:48
  Speaker 11: But look, you guys have got nothing on what happens
• 48:50
  Speaker 11: here in the Act.
• 48:51
  Speaker 6: I mean the original territory election.
• 48:53
  Speaker 11: We had the Marijuana Party, we had the Warm Sun,
• 48:56
  Speaker 11: Ripe and Tomato Party, we had the Party Party, Party Party.
• 49:00
  Speaker 11: We had parties coming out of our backside here in
• 49:01
  Speaker 11: the Act when they gave foisted self government onto us.
• 49:04
  Speaker 11: And how good's that gone. But look, at the end
• 49:06
  Speaker 11: of the day, choice isn't a bad thing. It's just
• 49:09
  Speaker 11: the fact that the vote is fractured so much means
• 49:11
  Speaker 11: that we're not going to get well. I think it's
• 49:13
  Speaker 11: going to be a long time before we actually get
• 49:15
  Speaker 11: solid government again anytime soon.
• 49:17
  Speaker 1: Yeah, we'll never forget that.
• 49:18
  Speaker 2: Robert Menzie's founded the Liberal Party from about fifteen minor parties,
• 49:23
  Speaker 2: brought them together.
• 49:23
  Speaker 1: Maybe it's time to bring a few together again now,
• 49:25
  Speaker 1: just on one nation. I've got to get your thoughts
• 49:27
  Speaker 1: on this.
• 49:28
  Speaker 6: Where's the Menzies, Chris h.
• 49:29
  Speaker 1: Where's the mensis? There ain't no mensis lurking around.
• 49:32
  Speaker 2: Just at the moment I want to show you Jamie,
• 49:34
  Speaker 2: what Malcolm Roberts said in the podcast. I think this
• 49:37
  Speaker 2: is appalling and needs to be retracted. Let's have a
• 49:40
  Speaker 2: look again.
• 49:41
  Speaker 1: You asked me if I thought it was a fast fake.
• 49:44
  Speaker 20: If I make a statement, it's got to be back
• 49:47
  Speaker 20: by fact. I don't have the facts yet, I'm not
• 49:49
  Speaker 20: ruling it out.
• 49:49
  Speaker 2: You notice that fifteen Australians shot dead in a terror
• 49:54
  Speaker 2: attack and he won't rule out a false flag operation.
• 49:57
  Speaker 1: Yeah.
• 49:58
  Speaker 7: I thought it was a very clear correct answer talking
• 50:01
  Speaker 7: about needing the facts rather than just saying no.
• 50:05
  Speaker 1: We've got to rule it out. There's no evidence. There's
• 50:07
  Speaker 1: no evidence, we rule it out. We know what this was.
• 50:09
  Speaker 7: Yeah, it's interesting. It's interesting the whole podcast thing though,
• 50:13
  Speaker 7: Like the problem I have with media and with these
• 50:14
  Speaker 7: types of stories is that it rewards the algorithm. They
• 50:17
  Speaker 7: want the outrage.
• 50:18
  Speaker 1: Yeah, they want the outrage so well. But Malcolm Robins,
• 50:21
  Speaker 1: so he's the one. We'll keep on to him.
• 50:22
  Speaker 2: He's got to retract that rather than the podcast. Thanks
• 50:25
  Speaker 2: for joining us, Jamie and Stephen. We'll catch up with
• 50:28
  Speaker 2: you later on. We've got to get to Peter Quedlin.
• 50:30
  Speaker 1: Now.
• 50:30
  Speaker 2: I'll be back with Paul Murray at nine point thirty
• 50:32
  Speaker 2: post budget, See you then,