Particle Data Platform
The Economy, Stupid

What could be in the budget?

4/9/202630 min

You know what they say about a crisis, suddenly, all sorts of things become possible. During the COVID crisis, the government doubled Newstart, paid wage bills, and allowed access to super - things that had almost no chance of happening. Right now, with the budget just weeks away in the midst of a crisis almost anything is on the table. What may that include?

Guests:

Tom Crowley, ABC economics reporter. 

Bob Breunig, tax expert.

Clips

Why Grandfathering Fails Fairness
Politically Attractive, Economically Messy
Negative Gearing’s Political Lightning Rod
Why A Windfall Tax Won’t Happen
CGT Discount Too Generous
A Smarter Middle Path
Taxing Super Profits, Not Investment
Revenue Neutral? Not So Fast
The Dark Origin of ‘Grandfathering’
The ‘New Build’ Trap

Transcript preview

First 90 seconds

  1. Tom Crowley· Guest0:00

    ABC Listen. Podcasts, Radio, News, Music and more.

  2. Belinda Smith0:05

    [upbeat music] Artemis II has flown round the moon, and the four astronauts on board are on their way home.

  3. Tom Crowley· Guest0:13

    Today, for all humanity, you're pushing beyond that frontier.

  4. Belinda Smith0:16

    We're following every step of the mission in a special daily season of Science Friction called Artemis Explained. Stay with us as the mission continues to unfold with updates from me, Belinda Smith, so you know what just happened and why it matters.

  5. Tom Crowley· Guest0:30

    Integrity, over to you.

  6. Belinda Smith0:32

    Search for Science Friction on ABC Listen or wherever you get your podcasts.

  7. Peter Martin· Host0:36

    You know what they say about a crisis...

  8. Tom Crowley· Guest0:38

    Never waste a crisis.

  9. Peter Martin· Host0:40

    Never waste a good crisis.

  10. Bob Breunig· Guest0:42

    Never waste a crisis.

  11. Speaker 4· Soundbite0:43

    You never want a serious crisis to go to waste.

  12. Peter Martin· Host0:45

    Suddenly, all sorts of things seem possible, like they did after the outbreak of COVID, when the government doubled Newstart and gave us early access to super and paid wage bills and guaranteed bank deposits and stopped us leaving the country. All things that would have had a roughly zero chance of happening until the emergency. Right now, in the scramble to put together next month's budget, we know the government has commissioned advice on crimping negative gearing, on winding back capital gains tax concessions, and on a special extra tax on gas exports, and those are only the things we know about. What's likely in four weeks' time? At this stage, just about

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click "Accept All" to consent, or "Decline non-essential" to opt out of non-essential cookies. Read our Privacy Policy.