9 May

Waleed nails it. BUT this was recorded before the budget, and the scale of the tax cuts is more than double what he’s talking about here. $140 billion. It will bankrupt Australia, and in the process ScoMo has now introduced a flat-tax system, which will make all of these problems even worse. The $140 billion will be afforded using projections that are all rubbery, if not outright fairytales, so the tax cuts are locked in, there just won't be any money to pay for them (the same incompetent trick Peter Costello did as Treasurer). So then more government services will be slashed, and you and I will pay more out of our own pockets.