Bracket Creep And Wage Taxation

Well, good luck to you. I mean, this has been a complete shemozzle for this Labour government. They have completely lost control of this post-budget debate. Um, so you know, we uh the his justification of what he called intergenerational equity and homes for young Australians. Yet mostly the young Australians that say, well, hang on, our only chance for starting a small business and making any money is if we can actually um sell a business later on and make some capital gain because you only make wages while you're running the business, and in fact they see the possibility of p the older generations pulling out of supporting rental housing, meaning, well, where are we going to live? There's going to be a shortage of that. We're still not going to be able to afford the the uh the deposits to get into the housing in the first place. The whole thing is a complete chemozzle. And the last really brick in that wall is our premier in New South Wales, Chris Mins, who I really like. I think all that he's a Labor Premier, but he does a great job. The problem with him is he's one man government, and he's now come out and said bracket creep is uh at a major disadvantage for Australians. And of course, that's what the government depend on. Every time the wages go up, they go into another tired tax bracket and start paying more money. And Chris Mins can see these nurses and firemen who he's been getting better money for Sony going up to the stage where they work Monday, Tuesday, and half of Wednesday for themselves, and for the rest of the week they're working for the government, and he says it's not fair. A new federal government needs to sort it out. So they've got a lot of problems, and I'd be very surprised if we don't see some backtracking from this budget over here, Jamie.