"Despite the massive budget deficits, the government tax take has hit a record high in 2021. Never before has a government taxed its people so much.
The tax to GDP ratio will be many percentage points above the levels when Labor have been in power, a fact that few voters are aware of.
When we throw in the explosion of red tape and compliance issues in recent years, the economic credentials of the Coalition are further undermined.
Labor would be wise to have ‘economics’ as a key part of its election campaigning.
It has a lot if issues to highlight to the electorate on economic policy that should see it pick up votes of those interested in economic policy.
It remains to be seen whether the opinion polls or the bookmakers will be the better predictors of the election outcome.
Last time, both were wrong as the Coalition unexpected swept to power on the basis of a scare campaign on economics – Labor tax policy proposals in particular.
The upcoming election just might see the Coalition under pressure on its economic record."
