Should politicians be 'radically honest'?
5/5/202633 min
The Albanese Government is locking in a trio of tax reforms, with capital gains tax, negative gearing and the taxation of trust funds all set to feature in the budget.
PK and Raf Epstein are aligned on the need for the Government to deliver "big reform". PK says she's "troubled" by the way Labor is avoiding making the case for changes they believe in during the "bear-pit of an election" and using the changes to Stage 3 Tax Cuts as the "template" rather than an exception. Raf has other thoughts.
So, is what we want from politicians actually "radical honesty", or can they keep some ambitions in the bottom drawer?
Patricia Karvelas and Raf Epstein break it all down on Politics Now.
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Clips
Transcript preview
First 90 secondsRaf Epstein· Guest0:00
[upbeat music] ABC Listen. Podcasts, radio, news, music, and more.
Matt Bevan· Soundbite0:05
[upbeat music] If I had to pick one word to describe America's history in the Middle East, I'd probably go with mistake. But it was, the Americans believe, all a dreadful mistake. The backpackers crossed the poorly marked border by mistake.
Raf Epstein· Guest0:20
The war in Iraq was a big, fat mistake.
Matt Bevan· Soundbite0:24
So why is it happening again? I'm Matt Bevan, and on my show, If You're Listening, we actually try to learn from the world's mistakes. Find us on ABC Listen or wherever you get your podcasts.
Patricia Karvelas· Host0:34
As the budget takes shape, the Albanese government is locking in on a trio of tax reforms. Yep, you've heard that right, tax. They're going down the tax road, and maybe even a one-off tax cut for workers. So capital gains, tax discounts, negative gearing, and the taxation of trust funds are set to feature as Labor promises to tackle intergenerational inequality. But while the government says housing affordability has become a crisper issue since the 2019 election loss, where they took some of these measures, of course, to the election and didn't do too well, the opposition is already mounting their attack, warning the government is laying the groundwork to go after the family home later. So could a scare campaign work,