to boris.........

At the moment 400,000 fit and willing Australians over the age of 55 can’t get work. Fix that problem over the next 30 years and practically the whole Hockey crisis goes away.

There is still a federal deficit to worry about. It is small in global terms and not growing particularly rapidly, but it would be reasonable to stop it growing any faster than the Australian economy as a whole. By far the quickest and most humane way of fixing the deficit is to get the 600,000 unemployed Australians into jobs.

Step one should be to force employers seeking 457 visas to prove that there are no Australians willing and able to do the relevant jobs........................

but what about the rort that lets millionaires save 30 per cent tax by making super contributions while part-timers on less than $18,000 per year pay an extra 15 per cent tax on their contribution?

And what is the economic or even the political justification for allowing negative gearing on the purchase of established housing? What is so special about the mining industry that it deserves rebates and deductions worth several billion dollars a year, even while the pathetically ineffective mining resources rent tax is to be abolished? Why should the means test on the pension be tightened while the means test on the health insurance rebate is to be removed?

There is no financial crisis in Australia, and no threat of one. What we have heard from Hockey is the opening blast of a new phase of the class war: tax breaks for billionaires and heavy lifting by pensioners. The ALP should be calling Hockey out for what he is doing: party democracy might be good, but proposing policies in the interest of the 99.9 per cent of the population who aren’t billionaires would be better still.

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