Re your post which included; "... There are many flaws in it as I see it,its time to reward work and savings at the expence of investing. ..."
Doing the same as you've always done probably means you're becoming uncompetitive since others adopt what's best and then some.
In the article below the latest exciting discovery from the RMIT/CSIRO provides huge opportunities. Sadly for Australia it's that next step that's the problem - it's just not the culture in Australia to back our technology and aerospace industries.
Nor is it the role of government to try to pick winners; consequently we watch on as companies like CFU move offshore!
Government is indeed creating armies for financial services, legal services and welfare services. Since the advent of the mining boom; rather than investing in the productive economy, they have invested in the service consumption economy.
Sadly our pollies are pre-occupied with one-upping each other in the great, big nanny state quest so they can occupy office and because they have NO vision of what Australia could be as a nation.