Successive Lib/Lab federal govts have conspired to set the nation on a pathway to ruin..
sure, the style and focus of each is different (just) and obviously Labor are much better at governing than the policy-free zone of the conservatives but some jointly-developed idiocies can only be filed under the Rape of Australia.
i've previously cited how ministers don't seem to declare conflicts of interest when dealing with any matter touching on CGT/negative gearing for housing, given many are up to their fetid armpits as they benefit from the boomer tax rort. Remember now opposition 2iC Sussan Ley was pinged 10 years ago rorting the commonwealth.
in terms of jointly-developed idiocies, what is the the future of a country whose budget revenue from tertiary education fees exceeds returns from the mis-named petroleum resource rental tax.
australia is almost giving away its finite resources of natural gas to mostly-owned foreign companies for export making Australia one of the biggest suppliers of the fuel in the world, while taxing the bejesus out of tertiary education students.
Labor has tinkered at the edge of the PRRT, but engineered no significant change to a taxation regime that grossly and unfairly favours some of the world's biggest and most profitable corporations over the local owners of the finite resource.
Norway built the mother of all sovereign wealth funds via judicious taxation of its hydrocarbon endowments. Australia didn't, though it may end up with more glass beads and mirrors than before, which won't cover the cost of future gas imports when local supplies run out.
the Rape of Australia now being administered by the Albanese Labor govt.
