Hi, On policy, 3 important things. 1. franking credits: Hit people in essentially the same circumstances differently. Hit the lower end, proportionately, harder than the higher end. Wasn't going to raise anywhere the amount of money suggested Was presented in the most confused way conceivable. 2. negative gearing: No actual need for it with the change in capital gains tax discount Again, not much money to be raised 3. Adani/Climate Anybody know what their policy was? If they did, bet they didn't have a clue what it would cost.
The libs were heading for an election win , the only reason the ALP was in the hunt ,was the libs leadership problems and disunity on policy. Sure wages growth was sluggish and the libs were pushing policies that would have widened inequality a tad, but Australia was, and is, in pretty good shape. Morrison imposed discipline, moderate libs annoyance faded. Labor suddenly found itself the focus, with an underwhelming leadership, some poor policy[and I mean poor policy, not just poorly explained], so down they went.
In response to something Pica mentioned above, the ALP assumed that people affected by things like franking credits would just roll over. We had ludicrous arguments put up on these threads , that investors wouldn't change their behaviour , because the PBO said they wouldn't. This showed they assumed their targets were dumb, when any rational assessment should have told them that people who like managing their own money are highly motivated and smart. And before anybody tries to blame "scare campaigns", remember, Labor manufactured[unnecessarily], most of the scary bits themselves. They lost because they were inept.
