# Paul Murray Live | 4 May

An episode of [Paul Murray Live](https://invisiblenetwork.ai/podcast/376966263), 4 May 2026, 49 min.

Audio: https://p.podderapp.com/2544644999/traffic.omny.fm/d/clips/2fb3740d-3436-44af-8cc0-a91900716aa5/be3abd48-25e5-45a6-aede-ac2a00524a12/d6ed1122-879c-45fc-aed0-b44000ce655c/audio.mp3?utm_source=Podcast&in_playlist=95971714-8fe6-4855-b1fe-ac2a00524a12

The government rules out a fuel tax cut extension, unions declare war on the Crisafulli government. Plus, the first day of the Bondi Royal Commission hearings. See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: From the Sky News Center. This is Paul Murray Live.
[0:06] Speaker 1: Thank you Cherry g mate, come on into the man cave.
[0:08] Speaker 1: Have a lot of work to be done tonight ahead
[0:10] Speaker 1: of our big show tomorrow night in Farah. There's a
[0:13] Speaker 1: lot of people that are nervous tonight because they know
[0:15] Speaker 1: what probably we're talking about this time tomorrow night, and
[0:17] Speaker 1: that is another increase in interest rates. It would be
[0:21] Speaker 1: the third that has happened this year. It would totally
[0:24] Speaker 1: wipe out when things got slightly better last year, meaning
[0:28] Speaker 1: we'll be right back where we were for the majority
[0:31] Speaker 1: of the first term of the Albanese government. Now, this
[0:34] Speaker 1: is of course a decision that has well been made
[0:38] Speaker 1: today and tomorrow two day meeting, the expectation that the
[0:42] Speaker 1: problems that have been playing out in Iran, which have
[0:45] Speaker 1: of course played into fuel. But don't ever forget that
[0:51] Speaker 1: we had two of these interest rate rises, nothing to
[0:53] Speaker 1: do with petrol, nothing to do with Iran. It's the
[0:55] Speaker 1: bloke on the other side of the screen, Jim Charmers
[0:57] Speaker 1: and his economy. Because Australia's inflation tonight is four point
[1:01] Speaker 1: six percent. How does this compare to the US Orange
[1:05] Speaker 1: Band bad? Well, they've got a better inflation rate. What
[1:08] Speaker 1: about the dead man walking that is Keyo Starma, They
[1:11] Speaker 1: have a better inflation rate. What about New Zealand a
[1:15] Speaker 1: conservative government there three point one percent, Canada two point
[1:18] Speaker 1: four percent, and they've got a lefty government Japan, of
[1:20] Speaker 1: course their prime minister is in Australia as we speak
[1:23] Speaker 1: one point five percent. Australia's inflation rate is widely out
[1:29] Speaker 1: of control compared to similar nations and nations that allegedly
[1:33] Speaker 1: have more of a downside because of the war that
[1:37] Speaker 1: is taking place. But sadly, about a third of the
[1:40] Speaker 1: country that is trying to pay off a house with
[1:43] Speaker 1: every cent they possibly can to be able to live
[1:45] Speaker 1: in it for a little while to eventually sell it
[1:48] Speaker 1: to help pay for the back nine of retirement. Well,
[1:52] Speaker 1: there's a lot of people that are hurting right now
[1:54] Speaker 1: because whatever relief had come last year, it is about
[1:57] Speaker 1: to completely disappear, most likely by this time tomorrow, eight
[2:01] Speaker 1: thousand dollars on top of the tens of thousands of
[2:05] Speaker 1: dollars of the thirteen interest rate rises that had happened before.
[2:08] Speaker 1: That is what kicks in if interest rates go up
[2:10] Speaker 1: tomorrow for the average person trying to pay off a
[2:13] Speaker 1: home to give you an idea about why I start
[2:17] Speaker 1: tonight's program, that there are people that are watching us,
[2:19] Speaker 1: or certainly family members of the people watching us, that
[2:22] Speaker 1: are worried tonight because the survey via real estate dot
[2:26] Speaker 1: Com DOTU and the financial agency finder has shown one
[2:30] Speaker 1: in ten is at risk of defaulting on their home
[2:32] Speaker 1: loans because, put simply, the repayments are about to become
[2:34] Speaker 1: too much. According to find A data, almost one in
[2:39] Speaker 1: ten nine percent of mortgage holders could no longer sustain
[2:43] Speaker 1: the cost of their mortgage if they were faced with
[2:46] Speaker 1: one or two more rate rises. For the eighteen percent
[2:49] Speaker 1: of homeowners poll said that they would default on their
[2:53] Speaker 1: mortgage if there were three more hikes. Now, the likelihood
[2:57] Speaker 1: if inflation currently in Australia is at four point scio,
[3:00] Speaker 1: if this war is going to continue, which we know
[3:01] Speaker 1: it is, and even if everything stopped for the next
[3:03] Speaker 1: oft a while fuel becomes a problem, certainly for the
[3:06] Speaker 1: next meeting, maybe a meeting after that, there is a
[3:08] Speaker 1: world of trouble to come. It means roughly one in
[3:12] Speaker 1: three ads ease will face the financial pinch from tomorrow
[3:15] Speaker 1: as they edge closer to mortgage default and a possibility
[3:18] Speaker 1: of losing their homes. An additional data also reveals forty
[3:22] Speaker 1: two percent of Australians have less than a thousand dollars
[3:24] Speaker 1: in the bank. Now, we've talked about this how many times,
[3:28] Speaker 1: how long, But supposedly the great rich nation, a quarter
[3:33] Speaker 1: of the way into the twenty first century has got
[3:35] Speaker 1: more than three million households. It's not individuals households or
[3:38] Speaker 1: run out of food. This week, people that was concerned
[3:42] Speaker 1: about being able to pay off their rent every month,
[3:45] Speaker 1: let alone being able to pay off their mortgage. Yet
[3:49] Speaker 1: for some bizarre reason, not enough people blame the government.
[3:52] Speaker 1: In twenty twenty two and interest rates rose for the
[3:55] Speaker 1: first time, and we would have dreamt of being back
[3:57] Speaker 1: in those done but of course this was all the
[3:58] Speaker 1: reason to change the government. Well, tomorrow would be the
[4:02] Speaker 1: fourteenth interest rate rise under this government. Yeah, the government
[4:08] Speaker 1: is still leading in the polls. A Morgan pole came
[4:10] Speaker 1: out today and again the preference problem we've talked about before,
[4:14] Speaker 1: fifty five to forty five is basically what it was
[4:17] Speaker 1: last year. How can things have got this worse and
[4:20] Speaker 1: much worse, much worse in the past twelve months. How
[4:23] Speaker 1: can the government that has made things worse. That puts
[4:26] Speaker 1: US in a position at four point six percent for inflation,
[4:29] Speaker 1: Japan one point five. Yet they are still leading in
[4:33] Speaker 1: the poles. Goodness me, as they say, you'd have to
[4:40] Speaker 1: double check that it is actually raining outside, and it's
[4:43] Speaker 1: not just it coming from on high from Canberra. Life
[4:45] Speaker 1: is getting tougher and it's already been way too tough
[4:48] Speaker 1: for too long. The government turns around and tells us
[4:50] Speaker 1: that they're doing a little bit here, a little bit there,
[4:52] Speaker 1: but we know they take with the other hand things
[4:55] Speaker 1: like excise. Now, I think one of the great bits
[4:58] Speaker 1: of pressure that will come in the next couple weeks
[5:00] Speaker 1: is actually not the budget, but it is the budget
[5:02] Speaker 1: in reply. About a third of people have not made
[5:04] Speaker 1: their decision up about whether they like or dislike the
[5:06] Speaker 1: leadership of Angus Taylor. An opposition leader only gets really
[5:10] Speaker 1: three major opportunities outside of an election cycle to be
[5:14] Speaker 1: able to have nationwide thirty minutes of television. And it's
[5:18] Speaker 1: not just about handing out money, it's about offering hope.
[5:20] Speaker 1: It's not just about defining the problem, it is about
[5:23] Speaker 1: coming up with solutions for it. There'll be great pressure, yes,
[5:27] Speaker 1: on the treasurer, but most of the media will help
[5:30] Speaker 1: him get off the hook as he breaks promises on
[5:33] Speaker 1: things like negative gearing. Hoh, but he's doing it for
[5:35] Speaker 1: the right reason. It's intergenerational equity. Well, of course, the
[5:40] Speaker 1: alternative government is led by Angus Taylor, and there's an
[5:43] Speaker 1: opportunity for him to make a big stride to becoming
[5:47] Speaker 1: a little bit more competitive than basically exactly where we
[5:49] Speaker 1: were twelve months ago. We'll all find out together the
[5:53] Speaker 1: next couple of weeks, the Tuesday for the budget, and
[5:55] Speaker 1: then of course Thursday the budget in reply, which brings
[5:59] Speaker 1: me two I make charmers today the spin doctor. Well,
[6:04] Speaker 1: of course, he's doing his day in, day out media
[6:06] Speaker 1: appearances telling us he's saving here, he's saving there. Oh,
[6:09] Speaker 1: he's doing such a wonderful job. But unbelievably today when
[6:14] Speaker 1: asked and quite correctly, remember the three month cut in
[6:17] Speaker 1: fuel excise. It runs out in June, it is currently May.
[6:21] Speaker 1: Apparently there will be no announcements to the upcoming budget
[6:25] Speaker 1: about an extension of this, let alone getting rid of
[6:27] Speaker 1: all of it. Remember, he wants a situation where the
[6:30] Speaker 1: government takes fifty two fifty two cents in every single
[6:34] Speaker 1: liter of petrol. That is sold in Australia. Currently they've
[6:37] Speaker 1: chopped twenty six cents off. I think they should get
[6:39] Speaker 1: the rid of the whole lot until the war is over.
[6:42] Speaker 1: We know the prices are about to go way back up.
[6:44] Speaker 1: But when asked about it today, the blocoup is driven
[6:47] Speaker 1: around in a car you pay for, or if he
[6:49] Speaker 1: drives his own, you pay for the fuel card said this.
[6:52] Speaker 2: When it comes to the fuel tax cut that will
[6:57] Speaker 2: be in the budget up until the end of June.
[7:02] Speaker 2: As we said when we announced it, people shouldn't expect
[7:06] Speaker 2: to see in the budget on Tuesday night and extension
[7:10] Speaker 2: of that, because we've made it really clear that it's
[7:15] Speaker 2: a temporary thing.
[7:16] Speaker 1: Now. Two reasons why this is happening. One theoretically, politically
[7:20] Speaker 1: they can announce something a little further down the track.
[7:23] Speaker 1: But by essentially having a whole bunch of numbers that
[7:26] Speaker 1: mean we go from twenty six cents a leader back
[7:28] Speaker 1: up to fifty two cents a lead. It means the
[7:31] Speaker 1: billions of dollars in revenue that come from excise taxes,
[7:36] Speaker 1: well guess what that will be counted in the overall
[7:39] Speaker 1: picture of the budget, one which will inevitably still be
[7:42] Speaker 1: in deficit, but by counting money that theoretically they will
[7:47] Speaker 1: either be morally unable to defend taking ie increasing fuel
[7:53] Speaker 1: taxes during a fuel crisis. They're basically going to on
[7:57] Speaker 1: some degrees, maybe not cook the books, but perhaps put
[7:59] Speaker 1: them under a heat lamp at the Bay Marie. Because
[8:02] Speaker 1: the treasurer wants to know that every extra dollar that
[8:05] Speaker 1: is a result of the upside of the budget as
[8:09] Speaker 1: a result of what is happening on the other side
[8:10] Speaker 1: of the world, well guess what every set of that
[8:12] Speaker 1: he's going to apparently save. So does that mean he's
[8:15] Speaker 1: going to balance the budget? Hell no, it just means
[8:17] Speaker 1: they save one here and they spend two there. While
[8:21] Speaker 1: of course turning around and getting ready of things like
[8:23] Speaker 1: negative gearing. Oh it'll be grandfather, it won't affect you today.
[8:26] Speaker 1: But of course, if you decide to leave an investment
[8:28] Speaker 1: property to one of your kids, guess what won't apply
[8:31] Speaker 1: and they'll have to sell it. And of course the
[8:36] Speaker 1: machine that is Parliament House that will no doubt turn
[8:38] Speaker 1: around and focus on the intergenerational equity, pretending like everyone
[8:42] Speaker 1: knows what these words mean. Well, of course they should
[8:45] Speaker 1: also remember a thing called the Intergenerational Report. But I
[8:47] Speaker 1: wonder how many of them will talk about this next
[8:49] Speaker 1: Tuesday night. You know I will. This was a report
[8:52] Speaker 1: released in twenty twenty three by Jim Charmers and the
[8:55] Speaker 1: same people that will put together the budget, the same
[8:58] Speaker 1: people who will count the field tax that supposedly is
[9:02] Speaker 1: going to be going back up at the end of June,
[9:03] Speaker 1: despite the fact that the prices will still remain high.
[9:07] Speaker 1: Every ling little blue line there inside the red rectangle
[9:11] Speaker 1: is a budget deficit. That's the next forty years and
[9:15] Speaker 1: the next financial year we finally get past this one
[9:17] Speaker 1: trillion dollar number. You can see all of those added
[9:20] Speaker 1: up together. Get ready for another trillion dollars worth of
[9:22] Speaker 1: debt now, they say, politically it doesn't matter because Australian's
[9:26] Speaker 1: voters themselves, well, they turn around and we spend more
[9:29] Speaker 1: than we earn. The reality of twenty first century Australia
[9:33] Speaker 1: is the idea of delayed gratification. No way, I want it,
[9:36] Speaker 1: I want it now. In fact, you can even buy
[9:39] Speaker 1: now and pay later. I want to be able to
[9:42] Speaker 1: see you a person on the other side of the world. Well, okay,
[9:44] Speaker 1: you might have to wait till you see them, or
[9:45] Speaker 1: you write them. No, no, no, no, no, I've got it
[9:47] Speaker 1: in my hot little hand, a device that, by the way,
[9:50] Speaker 1: they will offer you fight hands to purchase. This is
[9:55] Speaker 1: the world that we live in right now. So yes,
[9:57] Speaker 1: politically it might be a scenario where debt who cares
[10:00] Speaker 1: because people themselves are in an awful lot of debt.
[10:02] Speaker 1: But the reality is is the debt goes from being
[10:05] Speaker 1: the twelfth most important thing in the budget, the biggest
[10:07] Speaker 1: item that you spend, to the tenth, the eighth, to
[10:10] Speaker 1: the sixth that you get my point, until eventually the
[10:11] Speaker 1: single biggest thing the federal budget exists for meaning why
[10:15] Speaker 1: they take what they take from your pay packet is
[10:19] Speaker 1: to pay off a debt that they have racked up
[10:22] Speaker 1: because they invent new ways to spend in order to
[10:26] Speaker 1: distract you from the economy that they created. They made worse,
[10:31] Speaker 1: and they lied about twelve months ago at an election,
[10:35] Speaker 1: so economists to giving free advice as to where the
[10:37] Speaker 1: government could cut something somewhere. Of course, none of it
[10:40] Speaker 1: will happened. At least somebody's putting it out there. This
[10:43] Speaker 1: one was from former treasury official. They say, get rid
[10:47] Speaker 1: of the home battery scheme, that it'd say four billion dollars.
[10:49] Speaker 1: The government won't do that. Why because they are more
[10:52] Speaker 1: than happy with how many people are taking it up
[10:54] Speaker 1: right down. Get rid of the fringe benefits tax on
[10:56] Speaker 1: electric vehicles. That's three point two billion dollars. Well, of
[10:58] Speaker 1: course you couldn't possibly do any that will harm the
[11:01] Speaker 1: mighty electric vehicle. What about using AI to find some
[11:06] Speaker 1: efficiency inside the public service that could save you? What
[11:09] Speaker 1: thirteen and a half billion? Oh ay, that's evil, no terrible.
[11:12] Speaker 1: And remember when Peter Dutton wanted to wanted to get
[11:14] Speaker 1: people to go back to work, it was forcing everyone
[11:16] Speaker 1: to go back to you remember the crap. There's no
[11:20] Speaker 1: number on sustainable defense spending. There never is. Five odeas
[11:25] Speaker 1: good to see them at least being read somewhere, put
[11:28] Speaker 1: up somewhere before everyone turns around and focuses on intergenerational
[11:31] Speaker 1: equity as the great flashing light distraction from the bin
[11:34] Speaker 1: fire that they have made worse since they took over.
[11:38] Speaker 1: May I repeat they promised to make cost of living
[11:43] Speaker 1: better in twenty twenty two, they promised to cut your
[11:46] Speaker 1: power bills. Well, the power bills have gone up. In fact,
[11:50] Speaker 1: even the little workaround to get around the two hundred
[11:53] Speaker 1: and seventy five dollars thing that's disappeared electricity in the
[11:55] Speaker 1: past to a one months up twenty five percent. Oh,
[11:59] Speaker 1: I've turned the corner. When it comes to inflation, well
[12:01] Speaker 1: that's why we've got a couple of interest rate drops.
[12:03] Speaker 1: Well guess what tomorrow, all wiped out, all gone. So yes,
[12:07] Speaker 1: no doubt in two years time when int an election
[12:09] Speaker 1: will be distracted by a thing that someone said, the
[12:12] Speaker 1: specter of one nation having control of the Senate, pretending
[12:17] Speaker 1: that Medicare was about to be cut, when it's no
[12:19] Speaker 1: one's plan in fact, that lives, women spend more. All
[12:24] Speaker 1: lies aided by a media who just loves the idea
[12:27] Speaker 1: that the government tucks them into bed at night. With
[12:30] Speaker 1: all the access to this mob, I mean, how many
[12:32] Speaker 1: profiles did you get to the Prime minister celebrating one
[12:35] Speaker 1: year since he won an election, get on with the job.
[12:40] Speaker 1: But the job, of course, for him, it's just about
[12:42] Speaker 1: holding on to the job, not about making the country
[12:44] Speaker 1: better again. When I read in the budget next Tuesday
[12:48] Speaker 1: that they have ramped up the amount of money that
[12:50] Speaker 1: they're going to be given, and I mean serious money
[12:52] Speaker 1: to charities to help deal with the people that are
[12:55] Speaker 1: falling through the cracks. They aren't doing anything apart from
[12:59] Speaker 1: buying some vogue. Here I will get rid of that
[13:01] Speaker 1: hex step twenty billion dollars pretending that their cheaper medicine's
[13:06] Speaker 1: policy wasn't exactly the one Scott Morrison took to the
[13:09] Speaker 1: twenty twenty two election. There are two types of Australians,
[13:15] Speaker 1: those who pay attention and those who don't. For you
[13:18] Speaker 1: and me, who do pay attention, we know why this
[13:20] Speaker 1: government has to go. For those who don't, eh, they're
[13:23] Speaker 1: better than the other mob. That's not okay. Hence why
[13:27] Speaker 1: I say the challenge for the other Bob is to
[13:29] Speaker 1: put positivity, not just the defining of the problem. I
[13:31] Speaker 1: know what it is, you know what it is, but
[13:34] Speaker 1: start to put some positivity on the table, which in
[13:36] Speaker 1: part is why I think One Nation is going to
[13:38] Speaker 1: do particularly well to start to get back to a
[13:41] Speaker 1: central message about income splitting. The single best idea that
[13:45] Speaker 1: one nation has is that if one of you is
[13:48] Speaker 1: working in the family, you're married, or you're living together
[13:52] Speaker 1: and you've got kids, you can split your income. So
[13:56] Speaker 1: one of you might be earning eighty thousand dollars, well
[13:58] Speaker 1: you get split across two of you, forty one thousand
[14:00] Speaker 1: dollars tax free thresholds, forty thousand dollars. Bang, you pay
[14:03] Speaker 1: no tax. And remember, more than three hundred billion dollars
[14:08] Speaker 1: of what is about to be spent on Tuesday comes
[14:10] Speaker 1: from you pay as you go workers, one hundred and
[14:13] Speaker 1: fifty comes from companies. Less than one hundred million comes
[14:17] Speaker 1: from GST. They turn you upside down, shake you until
[14:21] Speaker 1: every single cent falls out of you, dangle half a carrot,
[14:25] Speaker 1: a baby carrot, if you will, and then still say, well,
[14:28] Speaker 1: we couldn't possibly, couldn't possibly go all the way on
[14:31] Speaker 1: the fuel taxes. We still need some of that stuff
[14:34] Speaker 1: while pretending to balance a budget that will be in
[14:36] Speaker 1: deficit for the next forty years. You want to talk
[14:40] Speaker 1: about intergenerational inequality, What about the intergenerational theft that is
[14:46] Speaker 1: taking a country that twenty years ago didn't owe the
[14:48] Speaker 1: world a cent and turning it into one where we
[14:50] Speaker 1: will owe a trillion dollars next year and two trillion
[14:54] Speaker 1: dollars over the next twenty thirty forty years to disgrace.
[15:01] Speaker 1: It's my favorite thing of the year is to sit
[15:03] Speaker 1: here and call bs and pull the wings off the
[15:07] Speaker 1: crap that we are going to get in the next
[15:10] Speaker 1: week about how this budget's doing everything to help you.
[15:13] Speaker 1: It'll do everything it can on one hand to distract
[15:16] Speaker 1: while the other reaching deeper into too many people's pockets.
[15:21] Speaker 1: We are just five days away from the pharaoh Bye election.
[15:24] Speaker 1: It is happening on Saturday for coverage here on Sky
[15:26] Speaker 1: News of the count I'm looking forward to being part
[15:28] Speaker 1: of that on Saturday night. But before that we will
[15:30] Speaker 1: be heading to Farah to or Bree four that pub test.
[15:34] Speaker 1: It's going to be mega tomorrow night. We will have
[15:37] Speaker 1: the Community Independent, we will have the LIB, the NAT
[15:41] Speaker 1: one Nation, all of them in the room. Sky News
[15:44] Speaker 1: Paul Murray live viewers are there to ask whatever questions
[15:47] Speaker 1: that they want to. It'll be must see stuff. So
[15:51] Speaker 1: how many people will actually be voting on Saturday, Well,
[15:55] Speaker 1: according to the AEC I checked the role today, one
[15:57] Speaker 1: hundred and twenty and forty seven people have the right
[16:01] Speaker 1: to vote, have the expectation, the compulsion under the law
[16:04] Speaker 1: to vote vote by Saturday. Now, we always hear about
[16:08] Speaker 1: how many people vote early, and a lot of people
[16:09] Speaker 1: have been voting early in Farah, but the number may
[16:13] Speaker 1: surprise you. Now we've got very used to almost half
[16:16] Speaker 1: of all people voting early. Well that's not the case
[16:19] Speaker 1: so far latest numbers released today. Yes, this will change
[16:23] Speaker 1: over the next few days. You'll probably add about another
[16:27] Speaker 1: ten thousand to it, maybe even twenty thousand, But right
[16:31] Speaker 1: now it's only twenty five of one hundred and twenty
[16:33] Speaker 1: four thousand people have already voted. This compares to the
[16:39] Speaker 1: overall number who voted early last time at the federal
[16:42] Speaker 1: election twelve months ago. That was forty two thousand. So
[16:45] Speaker 1: let's even imagine forty two thousand people end up voting
[16:49] Speaker 1: by a Friday before Saturday. Well, that's still what eighty thousand.
[16:54] Speaker 1: The vast majority will be voting on Saturday, meaning the
[16:58] Speaker 1: campaign matters. The winner has not already been decided. The
[17:02] Speaker 1: bookies believe what they do. But as I tell you
[17:05] Speaker 1: about elections, whether you like them or not, whether the
[17:07] Speaker 1: results look like the ones that we want and cheer
[17:10] Speaker 1: on or the ones that we desperately don't, nothing is inevitable.
[17:14] Speaker 1: Nothing is inevitable. Campaigns matter, and tomorrow night is their
[17:17] Speaker 1: last chance, their last chance to reach out and speak
[17:22] Speaker 1: to as many people as they possibly can. We're on
[17:24] Speaker 1: Free to Wear as well as Fox and the Sky
[17:28] Speaker 1: News app in that part of the world. So I'm
[17:30] Speaker 1: looking forward to being there All Eyes tomorrow night, nine
[17:33] Speaker 1: pm for the Pharaoh pub Test Live from Aubrey. Cannot
[17:36] Speaker 1: wait to be there. Now a couple of stories about
[17:40] Speaker 1: the triangle of dependence. First, this one comes from Victoria. Now,
[17:44] Speaker 1: you know, when I talk about the triangle of dependence,
[17:46] Speaker 1: it is of course when people like to Siner Allen
[17:49] Speaker 1: and the Premiere before Daniel Andrews do all they can
[17:52] Speaker 1: to make sure that you either work for the government
[17:56] Speaker 1: directly as a public servant or a family member who
[17:58] Speaker 1: is aware of this, you have your and out. We
[18:01] Speaker 1: learned today, by the way, at the federal level, more
[18:03] Speaker 1: than a million people not disability. More than a million
[18:06] Speaker 1: people who should be working are not working. They are
[18:08] Speaker 1: getting welfare again, not talking about disability, not talking about age, pension,
[18:11] Speaker 1: not talking about careers. And if you're in the business community, well,
[18:15] Speaker 1: of course all you have to do is to be
[18:16] Speaker 1: dependent on the government because they are your biggest client.
[18:19] Speaker 1: That's the triangle of dependence. That means that all roads
[18:23] Speaker 1: lead in this case back to strings Spring Street. But
[18:26] Speaker 1: you never want to upset the apple cart. And in
[18:28] Speaker 1: Victoria they haven't for the past thirty years. Hopefully there's
[18:32] Speaker 1: an opportunity to be able to change that script. But
[18:34] Speaker 1: just to underline in red about at least one third
[18:39] Speaker 1: of that triangle, about the triangle of dependence working for
[18:43] Speaker 1: the government. Can you believe this election year the Premier
[18:46] Speaker 1: has delivered a thank you message to every number and
[18:50] Speaker 1: member of the Victorian public service. Now I did some
[18:53] Speaker 1: numbers on this today that i'll present a little close
[18:55] Speaker 1: to the election. But the total number of public servants
[18:57] Speaker 1: of Victoria's doubled in the past thirty year, is doubled
[19:01] Speaker 1: the message coming directly from the Premier. All I've got
[19:03] Speaker 1: of that is a still via Backrimbaz and the Sunday
[19:06] Speaker 1: Old Sun. But here we go. The Premier filmed a
[19:08] Speaker 1: slick thank you message to the states hundreds of thousands
[19:11] Speaker 1: of public sector workers, which circulated in recent weeks across
[19:14] Speaker 1: departmental intranets, including the police, for taking up the hard
[19:19] Speaker 1: work of the state's army. Are talking up the hard
[19:21] Speaker 1: work of the state's army of public servants slash potential
[19:25] Speaker 1: labor voters. I know the work you do isn't always easy,
[19:30] Speaker 1: but it matters, says the Premier. Because every decision you make,
[19:35] Speaker 1: every service you deliver, every shift you work helps make
[19:38] Speaker 1: life better for Victorians. Thank you again for everything you
[19:43] Speaker 1: do to keep our states strong, safe and moving forward. Yeah,
[19:48] Speaker 1: pretending they're the new ANZACs triangle of dependence. You can't
[19:54] Speaker 1: possibly survive without us the government, because we are doing
[19:58] Speaker 1: something about cost of living.
[19:59] Speaker 3: Really, really, you need us because the other mobile cut
[20:05] Speaker 3: all of the public service, despite the fact that at
[20:08] Speaker 3: the federal level they're the ones that are cutting hundreds
[20:10] Speaker 3: of jobs from the border force, and at the state
[20:12] Speaker 3: level apparently they're going to do the same with budgets.
[20:15] Speaker 1: But you know Libs cuts, cuts, cuts, cuts, and business
[20:19] Speaker 1: you're just a place for big unions and big deals
[20:21] Speaker 1: with the government, which brings me to the second example
[20:25] Speaker 1: about how Labour tries to build this permanent state of majority. Now,
[20:29] Speaker 1: I love the state of queens the don't kiss the ground.
[20:31] Speaker 1: If I could have the blood transfusions to become a Queenslander,
[20:34] Speaker 1: I would. Well. Today is not made the first. It's
[20:38] Speaker 1: of course, May the fourth. May the fourth be with
[20:40] Speaker 1: you Star Wars fans, wherever you happen to be well.
[20:42] Speaker 1: Today was a public holiday and it was a chance
[20:45] Speaker 1: for the Union movement to get out as they often
[20:47] Speaker 1: do for May Day, but you bugger doing it on
[20:49] Speaker 1: actual May Day. Let's do it on the public holiday afterwards.
[20:52] Speaker 1: Take to the streets, declare war, declare war on the
[20:58] Speaker 1: Crucifilly government got God forbid. They want to break the
[21:01] Speaker 1: triangle of dependence. Here's part of what happened in Brizzy today.
[21:05] Speaker 1: Can I say you're you're safe power?
[21:13] Speaker 4: This government continues to go down the path that is,
[21:15] Speaker 4: we're going to see more.
[21:16] Speaker 5: People die on construction sites.
[21:17] Speaker 4: It's just inevitable if they continue to get rid of
[21:19] Speaker 4: the safety laws that we've fought long and hard to maintain.
[21:23] Speaker 1: Yeah you know, I'm the super coins lane. Yeah, super
[21:25] Speaker 1: coainslant new new new new union. Oh so did you
[21:27] Speaker 1: protest on May date? No? No, no, we had to wait.
[21:29] Speaker 1: Well the fourth So that's pub war wah war war war.
[21:34] Speaker 6: We want that.
[21:35] Speaker 1: Stephen Miles back. He's fantastic because he gets the stop
[21:37] Speaker 1: go person working across with a rail and get paid
[21:39] Speaker 1: threehund and fifty grand trying to live dependence. Labor builds it,
[21:44] Speaker 1: they reinforce it. The Libs either slow it, pause it,
[21:48] Speaker 1: try to reverse it, and they always end up well
[21:51] Speaker 1: copying it. Why because the unions then turn around and go,
[21:53] Speaker 1: look at all these problems that are happening in the hospital.
[21:55] Speaker 1: What are they also happening under the labor government. Doesn't
[21:58] Speaker 1: matter hospital perfect example, worse under the South Australian Labor government.
[22:03] Speaker 1: When there's a Sathastraian liberal government. We need to change,
[22:05] Speaker 1: We need to change now. The Royal Commission, of course,
[22:10] Speaker 1: as you have heard today, into Antisemitism and Social Cohesion,
[22:14] Speaker 1: was having its first public hearings. Now I've been very
[22:17] Speaker 1: critical because I've told you about what I think are
[22:20] Speaker 1: the blinkers that are on this thing, about how the
[22:22] Speaker 1: Prime Minister never wanted it. So we got an interim
[22:24] Speaker 1: report before even a person that's sat in the witness box.
[22:28] Speaker 1: But today it was an opportunity for people to be
[22:30] Speaker 1: able to speak about their experiences when it comes to
[22:32] Speaker 1: anti semitism. If you've been paying any attention to this
[22:36] Speaker 1: station for the past two and a half years, you
[22:38] Speaker 1: know all of the examples, and I thank my colleagues
[22:40] Speaker 1: for shining a line on it as often as they do.
[22:43] Speaker 1: If you're a part time viewer, then this may be
[22:46] Speaker 1: news to you and it should shock you to your
[22:48] Speaker 1: core about the joint we now live.
[22:50] Speaker 7: In precisely what we're seeing in Australia now. We saw
[22:54] Speaker 7: in the UK many many years ago the rise of
[22:57] Speaker 7: anti Semitism, radical Islam, police doing nothing, government doing nothing.
[23:04] Speaker 7: We really didn't want to raise Jewish children in that environment.
[23:07] Speaker 7: We could see where it was going.
[23:08] Speaker 8: To know, there are certain shopping centers that we need
[23:11] Speaker 8: to avoid to do protests that have taken place there
[23:14] Speaker 8: in the past due to multiple events or incidences that
[23:16] Speaker 8: have been recorded, and unfortunately this has heavily impacted our
[23:21] Speaker 8: freedom of movement within Australia. Have received and seen hundreds
[23:25] Speaker 8: of comments, including people stating, in response to posts that
[23:29] Speaker 8: both I and the Organization Combat Anti Semitism movement, that
[23:32] Speaker 8: I should have been killed in the Bondai attack, calls
[23:35] Speaker 8: to kill Israeli's comments celebrating violence against Jews, as well
[23:39] Speaker 8: as claims that attacks against a Jewish community are false
[23:43] Speaker 8: flags staged by Jews themselves for attention or sympathy.
[23:48] Speaker 1: Good one, strength and love. Might they be able to
[23:50] Speaker 1: have their voices heard, recorded and change the way this
[23:52] Speaker 1: country is. That is why we wanted the Royal Commission
[23:54] Speaker 1: in the first place. As disappointing as parts of it
[23:57] Speaker 1: have been. At least the late story everywhere across the
[23:59] Speaker 1: country tonight was that and was their experience. Now, you
[24:04] Speaker 1: wouldn't think that snooker was particularly political, of course, the
[24:08] Speaker 1: great Eddie Charlton, wonderful champion of the nineteen sixties and seventies,
[24:13] Speaker 1: representing Australia. Well, snooker, of course not just something that
[24:17] Speaker 1: you might be able to play on that giant slate
[24:19] Speaker 1: table that your grandfather might have. Of course, it's still
[24:23] Speaker 1: something that is televised in the United Kingdom. People love
[24:27] Speaker 1: to watch on it and they love to bett. And
[24:29] Speaker 1: remember a couple of years ago, the people who wanted
[24:32] Speaker 1: the world to get off fossil fuels decided to use
[24:34] Speaker 1: snooker as a place to get political. Well, things are
[24:52] Speaker 1: getting pretty wild in snooker. In twenty twenty six, this
[24:55] Speaker 1: year's championships, there had been not one, but two protests
[24:59] Speaker 1: on the first two days. The first somebody decided to
[25:03] Speaker 1: bring up Jeffrey Epstein at a snooker tournament.
[25:07] Speaker 4: Whoever that was okay, came this personal piece sorry.
[25:15] Speaker 6: Lot the files.
[25:21] Speaker 1: And then there was somebody who was protesting against the
[25:24] Speaker 1: license fee, which is a compulsory tax on everyone who
[25:28] Speaker 1: was in the UK to pay for the BBC. So
[25:32] Speaker 1: somebody started not just jumping out, but of course to
[25:34] Speaker 1: jump the fence all over the cameras. And no doubt
[25:37] Speaker 1: I'm giving them the attention that they want in their
[25:39] Speaker 1: social media will also get. But who knew snooker was
[25:42] Speaker 1: the most political sport being played anywhere in the world?
[25:46] Speaker 1: Right now, all right, we'll take a break. We'll get
[25:50] Speaker 1: straight into it right now, looking forward to no sooks,
[25:52] Speaker 1: no lefties. James Morrow, our mate from the Daily Telegraph
[25:55] Speaker 1: outside as the US reporters here along with the Nationals
[25:57] Speaker 1: leader at Matt Canavan. And before we had done another
[26:00] Speaker 1: conversation about the economy and just how much damage is
[26:03] Speaker 1: going to happen tomorrow when the Reserve Bank probably puts
[26:05] Speaker 1: up interest rates. You got us on a good night,
[26:07] Speaker 1: don't forget tomorrow night. All eyes be there in the
[26:10] Speaker 1: front row for our pup test from far more in
[26:13] Speaker 1: a second on poor Moray life in the man Cave.
[26:20] Speaker 1: I've been pumped about this all day, looking forward to
[26:22] Speaker 1: my dear friend James Morrow back in the man cave.
[26:24] Speaker 1: Of course you can see him on the US report
[26:26] Speaker 1: on Fridays you can see him with outsiders. On Sundays
[26:28] Speaker 1: he's in the paper of the Daily Telegraph online as
[26:30] Speaker 1: well as a busy man with a busy Matt Canavan,
[26:33] Speaker 1: of course, has been putting in the hard yards as
[26:35] Speaker 1: leader of the Nats down in and around Aubrey with Farry.
[26:38] Speaker 1: He's now back at home for a couple of days.
[26:40] Speaker 1: The teddy bears are now behind you. Are you softening
[26:42] Speaker 1: the image, sir?
[26:46] Speaker 5: I don't know.
[26:46] Speaker 4: Maybe that's what the advisers want me to do. Now
[26:49] Speaker 4: they're just prayer bears. That my wife taking the school teacher.
[26:52] Speaker 4: That's cute, all for a good cause, I think, all right.
[26:56] Speaker 1: Good stuff, good stuff, All right, Well, let's get to
[26:58] Speaker 1: a rule. This look, by this time tomorrow and night,
[27:00] Speaker 1: anyone who's trying to pay off a house is going
[27:01] Speaker 1: to be in even more pain. Whatever was the slight
[27:05] Speaker 1: wins of last year completely replaced and went back to
[27:07] Speaker 1: the worst of the years of twenty twenty three, twenty
[27:10] Speaker 1: twenty four. But he's the question, James, why the hell
[27:13] Speaker 1: doesn't the polls change for labor? I mean, how does
[27:15] Speaker 1: this work where their inflation rate is higher than the
[27:18] Speaker 1: rest of the world, As I've seen the comparisons right, literally,
[27:21] Speaker 1: Japan's one point five, we're four point six. We've already
[27:24] Speaker 1: had two that had nothing to do with the war.
[27:26] Speaker 1: There's going to be another one here, and we'll get
[27:28] Speaker 1: to the budget in a second. But why doesn't this
[27:30] Speaker 1: budge for labor?
[27:31] Speaker 9: Well, I think because the coalition still hasn't quite articulated
[27:35] Speaker 9: an articulate message on the economy. I mean, yeah, they
[27:39] Speaker 9: can see we'll do it better, but the Coalition, sorry Matt,
[27:42] Speaker 9: just does this thing where they say, well, we'll tell
[27:44] Speaker 9: you our policies later on down the track. So there's
[27:48] Speaker 9: no sort of engagement of the argument there. You could
[27:51] Speaker 9: see Lever's doing a horrible job. But the natural question
[27:54] Speaker 9: Paul is always going to be well, what are you
[27:57] Speaker 9: going to do better? And what are you going to
[27:59] Speaker 9: do about it? And I'm really concerned Tomorrow the RBA
[28:02] Speaker 9: is going to raise rates, which is going to be
[28:05] Speaker 9: I think a very voodoo economics kind of decision because
[28:09] Speaker 9: part of it's going to be dealing with charmers is
[28:12] Speaker 9: you know, flagrant spending, but part of that is also
[28:15] Speaker 9: going to be about combating high prices from something that
[28:19] Speaker 9: our kind of has no control over. So I think
[28:21] Speaker 9: it's very, very dangerous what Michelle Bullock is doing. And
[28:24] Speaker 9: I'm worried that you know, there's going to be part
[28:27] Speaker 9: of labor this because they are well you know, home
[28:29] Speaker 9: owners screw them.
[28:30] Speaker 1: Yeah, well, well, and again part of it is is that,
[28:33] Speaker 1: I think again, as we look at all these opinion polls,
[28:35] Speaker 1: the rest of it, right, which is that, oh, well, look,
[28:36] Speaker 1: at the end of the day, we're more climate changing
[28:38] Speaker 1: than the other guys. So look, even though we've only
[28:40] Speaker 1: got a thirty percent primary, we know the grains will
[28:41] Speaker 1: get us to the sort of mid forties, the tails
[28:43] Speaker 1: and the sort of lefty leaves that will always keep
[28:45] Speaker 1: us about fifty. So we don't need to look here,
[28:48] Speaker 1: Matt without billing the cat. Is it fair to say
[28:51] Speaker 1: that there's going to be something a little more substantive
[28:54] Speaker 1: than pointing at the government in the budget and reply
[28:56] Speaker 1: that when you're there next week. It's not just about
[28:58] Speaker 1: pointing out the problems, but it is starting to talk
[29:01] Speaker 1: about some of the solutions. Yes, two years out.
[29:06] Speaker 5: Well, Paul, I'll let others be the judge.
[29:09] Speaker 4: But in the six or seven weeks i've been leader
[29:12] Speaker 4: with Vangus Taylor, we have put forward a variety of
[29:14] Speaker 4: very constructive solutions. So we're the first to say that
[29:17] Speaker 4: XI should be half to provide some breathing space the
[29:20] Speaker 4: austrain people. We've all seen petrol prices come off a
[29:23] Speaker 4: little bit, although there's concerns i'll go back up now
[29:26] Speaker 4: that the crisis has not.
[29:27] Speaker 5: Abated in the Middle East, but that's helped a little bit.
[29:30] Speaker 5: Just the other week.
[29:31] Speaker 4: Last week we announced that we would, we should and
[29:34] Speaker 4: push the government to double the amount of storage for
[29:37] Speaker 4: oil in this country.
[29:38] Speaker 5: We set the thirty day.
[29:40] Speaker 4: Minimum storage obligation when we're in government that the government
[29:43] Speaker 4: is spooking now and using as a basis of its response.
[29:46] Speaker 5: Well, I think it's responsible for that.
[29:47] Speaker 4: To double, and we were upfront with austrain people that
[29:49] Speaker 4: would come at a cost of about one cent per
[29:52] Speaker 4: leader at the bowser. But I think that's a reasonable
[29:54] Speaker 4: insurance premium. And we've also offered for the government to
[29:59] Speaker 4: be cooperative, constructive and unwind that green stupid deal they
[30:03] Speaker 4: did on environmental laws last year which excluded amazingly shockingly
[30:07] Speaker 4: now excluded fossil fuel projects from being able to get
[30:11] Speaker 4: a national interest exemption. And what that means is that
[30:15] Speaker 4: the proposals for oil drilling in Queensland, the proposals for
[30:19] Speaker 4: refineries to be new refineries to be built around the
[30:21] Speaker 4: country can't get a national interest exemption under federal laws.
[30:27] Speaker 4: If there's anything it's in our national interest, it's drilling
[30:30] Speaker 4: and making more oil. But because this government in hock
[30:33] Speaker 4: with the Greens have done that. So I'm sure we
[30:34] Speaker 4: will continue to provide those constructive options for the government
[30:40] Speaker 4: and be constructive and work in the national interest.
[30:43] Speaker 5: Look, it'll be up for other people to judge us, Paul.
[30:44] Speaker 5: I'll let others do that. I'm just in the game
[30:47] Speaker 5: of trying to do good things for our country.
[30:49] Speaker 1: Well, and look, in fearness, you're the guys that actually
[30:52] Speaker 1: put the pressure on actually made the announcement too when
[30:55] Speaker 1: it came to fuel and the fuel taxes. Of course,
[30:58] Speaker 1: interesting to watch the treasure and I think he's playing
[31:00] Speaker 1: a double game here right. Obviously they want the ability
[31:03] Speaker 1: to turn around and if they're going to do something more,
[31:05] Speaker 1: do it in June. But they also want to keep
[31:08] Speaker 1: in the budget that they announce next week potential extra
[31:11] Speaker 1: billions of dollars as if it goes back up to
[31:13] Speaker 1: fifty two to make that deficit seem smaller than it
[31:16] Speaker 1: will actually end up being. All right, so worth noting now, James,
[31:21] Speaker 1: like myself, you have been able to point out quite
[31:25] Speaker 1: correctly the amountain of bs of which the treasurer is
[31:28] Speaker 1: about to shovel our way. Intergenerational equity as if every
[31:34] Speaker 1: person knows what these words mean. Of course you and
[31:38] Speaker 1: I speak about it regularly. Matt does as well. Remember
[31:41] Speaker 1: Kamala Harris the little video about equity, which was we
[31:44] Speaker 1: all end up in the same.
[31:44] Speaker 9: Plus we all end up in the same place, Paul,
[31:47] Speaker 9: and I mean, we all end up the same place eventually,
[31:49] Speaker 9: and that's the grieve. But this is this is where
[31:52] Speaker 9: they want everyhey to basically say, you know, doesn't matter
[31:56] Speaker 9: what choices you've made, It doesn't matter whether you see
[32:00] Speaker 9: you've gone out and spent it all at the casino.
[32:02] Speaker 9: You know, everybody's gonna wind up at the same place.
[32:05] Speaker 9: That's essentially what it is. And of course that same
[32:07] Speaker 9: place is lower than where we would all wind up
[32:10] Speaker 9: to begin with. Look what doctor Jim Chalmers here and
[32:13] Speaker 9: I love this today he would say, oh, well, you know, okay,
[32:17] Speaker 9: Like you know, it's like George Costanzas saying it's.
[32:19] Speaker 1: Not a lie.
[32:20] Speaker 9: If you believe it, you know, we're gonna why do you,
[32:23] Speaker 9: And that's how we're gonna build trust Sherry, you know,
[32:26] Speaker 9: that's what we're doing here. About what they're gonna do
[32:29] Speaker 9: with the capital gains negative grey, which say said in
[32:32] Speaker 9: tway two and they went in touch, which say set
[32:34] Speaker 9: in twenty twenty five.
[32:35] Speaker 5: Oh, that's a.
[32:35] Speaker 9: Scare campaign, although they didn't quite stay and they weren't
[32:38] Speaker 9: gonna do it. You know, none of this is gonna
[32:40] Speaker 9: build a single house. In fact, actually it's probably gonna
[32:43] Speaker 9: take houses off of the market and all of that.
[32:47] Speaker 9: It's just disastrous. But I'm just concerned that this government
[32:51] Speaker 9: actually is trying to crash the property market, that that's
[32:54] Speaker 9: their end goal here because they think that people who
[32:57] Speaker 9: you know, have worked and achieve these sorts of not
[33:00] Speaker 9: by you know, warning their travel allows, but by actually
[33:03] Speaker 9: working and sieving. You know, they don't even understand that
[33:06] Speaker 9: it's the private sector. It's a little bit whiffy to them,
[33:08] Speaker 9: and so you know, the hell with them.
[33:10] Speaker 1: But also it's this thing right now now, look, everyone
[33:12] Speaker 1: who's in their mid twenties, we will want somebody to
[33:14] Speaker 1: be able to buy a joint right whatever, it is
[33:16] Speaker 1: we want you to buy a house and a joint.
[33:18] Speaker 1: That's a green's policy. But the idea here is that,
[33:21] Speaker 1: of course, ye okay, but if you buy a joint
[33:24] Speaker 1: for a million bucks, the hope is that after you've
[33:27] Speaker 1: stayed in it for five or ten years, it's eventually
[33:29] Speaker 1: worth more. Right, you stay in it for fifteen twenty,
[33:31] Speaker 1: it's worth a lot more. You're able then to play
[33:33] Speaker 1: again financial complunk. Why because age care costs an awful
[33:36] Speaker 1: lot of money. But again, Matt, this nonsense here right where,
[33:40] Speaker 1: And I love the central argument around the need to
[33:43] Speaker 1: do what they're doing when it comes to climate is
[33:46] Speaker 1: because we need to fix things up for the future generation.
[33:49] Speaker 1: The argument about this is we need to fix things
[33:51] Speaker 1: up for the future generation. But the racking up of
[33:54] Speaker 1: debt at one trillion, one and a half and two
[33:56] Speaker 1: trillion dollars that's paid by the very generation we're doing
[34:01] Speaker 1: everything else to change and protect.
[34:05] Speaker 4: Look, Paul, isn't it amazing that it doesn't matter what
[34:08] Speaker 4: the problem is for the Labor Party and the left,
[34:10] Speaker 4: the solution is always a higher tax. It doesn't matter
[34:14] Speaker 4: too warm, high tax that'll cool the planet down. House
[34:18] Speaker 4: price is too high, whack another tax on that will
[34:21] Speaker 4: bring them down. Everything, everything always is reduced to a
[34:26] Speaker 4: new tax. And the point I was making yesterday online
[34:30] Speaker 4: is that this week, Paul, this week is marks tax
[34:33] Speaker 4: Freedom Day. This is the first week of the year
[34:36] Speaker 4: that your view is actually, on average, on average, work
[34:39] Speaker 4: for themselves. Because on average Australian taxpayers pay about a
[34:42] Speaker 4: third of their income to the government in taxes verious, local, state,
[34:48] Speaker 4: federal government at record levels and so and so, the
[34:52] Speaker 4: first four months of the year up to the end
[34:54] Speaker 4: of April, you've been working for the man. You've been
[34:56] Speaker 4: working for the government. Now finally, after all that effort,
[34:59] Speaker 4: you're working for yourself. Often, what the Labor Party are
[35:01] Speaker 4: going to try and do next week is push that
[35:03] Speaker 4: Tax Freedom Day out further and make you work harder
[35:07] Speaker 4: to provide for yourself and send more money to Camber.
[35:10] Speaker 5: Which God knows what they do with it.
[35:12] Speaker 4: They're not spending it very well at the moment, and
[35:14] Speaker 4: it's not going to help us one iota. So I
[35:16] Speaker 4: think it's going to be a big, big missed opportunity. Again,
[35:20] Speaker 4: the government should be tightening its belt, it should be
[35:22] Speaker 4: doing everything like every other Australian household and small business
[35:25] Speaker 4: had to do. Control it spending. That will help bring
[35:28] Speaker 4: down inflation. That's the key thing. Get down the rate
[35:30] Speaker 4: of inflation, get down interest rates. The government seems to
[35:33] Speaker 4: have given up on that.
[35:34] Speaker 1: Well, James, you've got two TV shows, newspaper column you know,
[35:37] Speaker 1: very active, so you'll be working all the way to
[35:38] Speaker 1: July the first. I have no doubt to be fair
[35:42] Speaker 1: past that.
[35:42] Speaker 9: But you know, this is the thing. It's not just
[35:44] Speaker 9: about cutting that tax and cutting the depth that's really important.
[35:49] Speaker 9: But the key thing is here. We all know this
[35:51] Speaker 9: country is going backwards. We know that we're going backwards
[35:54] Speaker 9: compared to the US, going backwards compared to other countries.
[35:57] Speaker 9: We know that we have got more civil servants public
[35:59] Speaker 9: service than just about any country, more than communists China, Paul.
[36:03] Speaker 9: This came out the other day. You know, our income
[36:06] Speaker 9: tax reliance, our reliance on income tax to keep the
[36:09] Speaker 9: government going is so high. The only way we pull
[36:12] Speaker 9: out of what is going to turn into a real
[36:14] Speaker 9: dead man's spin here is if we cut serious taxes,
[36:18] Speaker 9: cut public service, cut regulations, because it's all of those
[36:23] Speaker 9: things that are holding the economy back. Matt has been
[36:25] Speaker 9: great on energy, get energy prices down, cheap energy. We
[36:29] Speaker 9: can have it. We can have a low regulation, light
[36:32] Speaker 9: touch economy, and we can all be so rich at
[36:35] Speaker 9: our political class refuses to do it.
[36:38] Speaker 1: Now, Matt, I know that you have been pushing back
[36:40] Speaker 1: hard against the some of the laws that are being
[36:44] Speaker 1: pushed in and around gas and about tax I noticed
[36:46] Speaker 1: the industry as well as decided to actually use some
[36:49] Speaker 1: of its own money. Where has it been actually now
[36:51] Speaker 1: starting to push back and saying no, no, well this
[36:53] Speaker 1: is our number and all the rest of it here.
[36:56] Speaker 1: What do you think about the most recent example of
[36:58] Speaker 1: these protests, because again, there are people that will be
[37:00] Speaker 1: watching us right now, and I've got to say, you know,
[37:02] Speaker 1: they plan to be voting center right and for the
[37:05] Speaker 1: rest of their lives, never never, never gone even past
[37:08] Speaker 1: how to vote form of the Labor Party, let alone
[37:10] Speaker 1: anything else. Right, But they seem to be kind of
[37:14] Speaker 1: aware of the issue, and they seem to be in
[37:16] Speaker 1: a place where they think, oh, this doesn't seem fair.
[37:18] Speaker 1: What do you think about some of the protesting that's
[37:20] Speaker 1: happened in and around this.
[37:23] Speaker 4: Well today, Paul I was down in Gladston, which is
[37:26] Speaker 4: a massive center of gas production gas export in this country.
[37:30] Speaker 4: Thousands of jobs, hundreds of millions of dollars to small
[37:32] Speaker 4: businesses there, and like all their local businesses are caught
[37:35] Speaker 4: up with a guy called Okka who works on pipelines.
[37:38] Speaker 4: Now they're just sick to sick. They're just sick to
[37:42] Speaker 4: death of all these lives that are spread about the
[37:46] Speaker 4: industry that puts literally puts the bacon on the.
[37:50] Speaker 5: Table for them.
[37:52] Speaker 4: And there's no more sign of that ignorance than today
[37:55] Speaker 4: when David Pocock came all the way from Canberra up
[37:57] Speaker 4: to Gladston to say he wanted to put a twenty
[38:00] Speaker 4: five percent tax on Gladson's exports. Now, what seems completely
[38:04] Speaker 4: lost on David and others is that the gas that's
[38:07] Speaker 4: exported from Queensland is not the commonwealths gas. The common
[38:10] Speaker 4: Government has charge of the gas in offshore areas in
[38:13] Speaker 4: Commonwealth waters. The gas that's on shore of Queensland is
[38:17] Speaker 4: Queensland gas.
[38:19] Speaker 5: It's under the under our constitution.
[38:20] Speaker 4: It is the right of Queensland to determine it was
[38:23] Speaker 4: already a royalty that applies to it raised one point
[38:26] Speaker 4: seven billion dollars last year. It's got nothing to do
[38:29] Speaker 4: with all of these other debates about this. So called
[38:31] Speaker 4: patrolling res tax. Now, either it's ignorance or it's just
[38:35] Speaker 4: simply the hidden agenda that they actually want to shut
[38:37] Speaker 4: down the gas industry, not raise revenue from it, because
[38:40] Speaker 4: it was no basis to take what was already a
[38:42] Speaker 4: functioning royalty system, a gas industry that's producing billions for
[38:46] Speaker 4: the State of Queensland, thousands of jobs, and then put
[38:48] Speaker 4: a tax.
[38:49] Speaker 5: On, a tax on that. Here we go with taxes
[38:51] Speaker 5: again from the left. What is it about that?
[38:53] Speaker 4: But this tax attacked twenty five percent tax on Gladston's
[38:57] Speaker 4: LG exports would decimate Central Queensland to make the Queensland
[39:01] Speaker 4: budget and destroy a functioning, viable, very important industry to
[39:06] Speaker 4: our country. And that is what that is what David
[39:09] Speaker 4: Pocock and others want, so surprise, surprise, they designed it
[39:11] Speaker 4: that way.
[39:12] Speaker 1: Now, there was some interesting polling over the weekend that
[39:15] Speaker 1: the downside for the Coalition in doing any sort of
[39:18] Speaker 1: a deal with one nation could potentially be the preference question. Well,
[39:22] Speaker 1: the reality is deal or no deal. There's this third
[39:25] Speaker 1: that have always said, particularly if the lives, that they
[39:27] Speaker 1: have no interest in fact, they prefer to have a
[39:29] Speaker 1: labor government. Again, my head wings at this an extension
[39:32] Speaker 1: of all of this Barnaby Joyce. With my mate Andrew
[39:34] Speaker 1: Clanel yesterday.
[39:36] Speaker 6: We would offer supply and confidence.
[39:38] Speaker 10: We are on the conservative side, so there's no ambiguity
[39:42] Speaker 10: about that, but we don't want the ministry.
[39:44] Speaker 6: So it's a great tay for them. They get to
[39:46] Speaker 6: hand out all the prizes.
[39:47] Speaker 10: What we will want is policy and will be very
[39:51] Speaker 10: will be very straight about that policy, such as getting
[39:54] Speaker 10: rid of the Climate Change Department because it's done so
[39:56] Speaker 10: much damage, so much burden, it has not changed the climate.
[40:00] Speaker 1: Now, I understand the question, I understand the answer. We're
[40:02] Speaker 1: about two years away from an election, and who knows
[40:05] Speaker 1: where we are in two years time. But Matt, as
[40:07] Speaker 1: we get ready for Farah, we certainly know that you
[40:10] Speaker 1: put your nose to the grindstone in service of the
[40:13] Speaker 1: candidate and the NATS. We hope that they have a
[40:17] Speaker 1: good performance with us tomorrow night, and then we'll see
[40:18] Speaker 1: what happens on Saturday. But again, your thoughts again about
[40:22] Speaker 1: this endless conversation about what may or may not happen
[40:24] Speaker 1: in two years time.
[40:27] Speaker 4: I'll be back down there tomorrow and look forward to
[40:29] Speaker 4: your show, Paul. Everyone should tune in it's such an
[40:31] Speaker 4: important election. And look, I just listen to Barnaby there
[40:34] Speaker 4: and I listen to the One Nation candidate Fara, and
[40:36] Speaker 4: they sort of already measuring the curtains. The One Nation
[40:40] Speaker 4: candidate Farah has been saying it's only a two horse race,
[40:42] Speaker 4: dismissing all the other candidates. I don't take the voters
[40:44] Speaker 4: for granted. You know, it's two years away. It's far
[40:47] Speaker 4: too soon to be talking about what arrangements would be
[40:50] Speaker 4: if we.
[40:51] Speaker 5: Had a majority. Let's just focus on the Australian people.
[40:53] Speaker 4: And that's what we've been doing with our candidate Brad Robinson,
[40:56] Speaker 4: trying to fix healthcare, to returns water to farmers, bring
[40:59] Speaker 4: down cost of living by scrapping the carbon tax. All
[41:02] Speaker 4: those things are our focus. And One Nation seems very
[41:05] Speaker 4: focused on themselves. A remarkable stories have been published with
[41:08] Speaker 4: a bunch of quotes attacking One Nation, sources attacking their
[41:11] Speaker 4: own candidate three days or so before an election that
[41:15] Speaker 4: they're they're picked to win. I've never seen anything like it,
[41:18] Speaker 4: and it's just another example here, Paul.
[41:23] Speaker 5: They may call themselves one Nation, but there are many egos,
[41:26] Speaker 5: many egos, and they.
[41:28] Speaker 4: Can never seem to have a stable team of long
[41:30] Speaker 4: term In this case, they're splitting before even the election.
[41:33] Speaker 4: They usually wait to l after the election and then
[41:35] Speaker 4: go at the back door within a year or two.
[41:37] Speaker 4: But this time it's remarkable, unbelievable. So look, everyone should
[41:41] Speaker 4: tune in because it's a very important decision for the
[41:44] Speaker 4: future of our country. And I don't take any vote
[41:47] Speaker 4: for granted. I'll be down there fighting for every vote
[41:49] Speaker 4: right up to the fat Lady scenes on Saturday evening.
[41:52] Speaker 1: Good Man, or in this case, the fat blow will
[41:54] Speaker 1: be there watching the votes come in on Saturday night.
[41:56] Speaker 1: I do apprusuret it. We'll see you tomorrow night. A reminder,
[41:58] Speaker 1: then again, nothing's take nothing for it.
[42:00] Speaker 8: Here.
[42:00] Speaker 1: One hundred and twenty four thousand people registered to divide,
[42:02] Speaker 1: only twenty five thousand have thus far. Okay, there's plenty
[42:05] Speaker 1: more water underneath the bridge, and I know that's a
[42:06] Speaker 1: big issue in Farah. All right, quick break back with
[42:09] Speaker 1: more Thank you lads. We'll see you again soon, Warren
[42:11] Speaker 1: Hogan about all matters to do with the economy, and
[42:13] Speaker 1: she's I wish he was more in charge, and these
[42:15] Speaker 1: two more in a sick thank you so much for
[42:22] Speaker 1: joining us this evening as always, can send me an email.
[42:24] Speaker 1: Pault's gunews dot com dot au. Warren Hogan is of
[42:26] Speaker 1: course a respected economists and joins us now because I've
[42:29] Speaker 1: got to get some clarity here, mate. So I've said
[42:33] Speaker 1: this a million times. Australia's inflation rate, the previous two
[42:37] Speaker 1: interest rate risers we've already had this year, Mishelle Bullerk
[42:40] Speaker 1: has told us, and nothing to do with the run.
[42:42] Speaker 1: Currently our inflation rates you can see on screen now
[42:45] Speaker 1: higher than the US, the UK, New Zealand and God
[42:47] Speaker 1: tell me what's happening in Japan right now. So whatever's
[42:50] Speaker 1: about to happen tomorrow, Yeah, probably to do with Iran.
[42:53] Speaker 1: But we cannot forget that the glass is already half
[42:56] Speaker 1: full of the leftover of charmers' mistakes.
[43:01] Speaker 6: That's exactly right, Paul.
[43:02] Speaker 11: And it's important that we don't miss we'll forget this
[43:05] Speaker 11: because for the RBA they have before anything happened in Iran,
[43:10] Speaker 11: an economy that was overheating.
[43:12] Speaker 6: It's a sad reality.
[43:13] Speaker 11: That our economy can only grow at two percent each
[43:15] Speaker 11: year before we start crouding inflation.
[43:17] Speaker 6: It used to be about three to three and a half.
[43:19] Speaker 11: It's now only too We went through that very quickly
[43:22] Speaker 11: as soon as we saw any sign of life for
[43:25] Speaker 11: consumers and business last year, because the government didn't pull back,
[43:29] Speaker 11: and of course we were going to get a raid
[43:31] Speaker 11: hike this week or maybe in a month or two,
[43:34] Speaker 11: whatever happened with Iran. The fact of the matter is
[43:38] Speaker 11: this is not going to be the last rate hike.
[43:40] Speaker 11: I don't think, not unless this economy tumbles into recession
[43:43] Speaker 11: in the next few months, because we have not got
[43:46] Speaker 11: this inflation under control unlike other countries, and we're going
[43:50] Speaker 11: to see just this diabolical combination of that domestic inflation
[43:54] Speaker 11: we had from the government spending, a lack of willingness
[43:57] Speaker 11: to make tough decisions, combined with the global energy shock,
[44:01] Speaker 11: and who.
[44:02] Speaker 6: Knows, how about it you get. But this is the
[44:04] Speaker 6: start of probably a few right hikes.
[44:05] Speaker 1: Well, also, I want everyone to know you were right now.
[44:09] Speaker 1: You were right, because last year, when things started to
[44:11] Speaker 1: go down, you were saying, hang on, this is going
[44:12] Speaker 1: to go back up again, right, this is this is
[44:14] Speaker 1: going to go back up again? Oh no, no, no, we're
[44:15] Speaker 1: turned the court. That was always crap you called it,
[44:18] Speaker 1: and it's one of the many reasons I admire anytime
[44:20] Speaker 1: you pop up. Eco economics is the business that you're with. Now,
[44:24] Speaker 1: give me an idea here about the factors that go
[44:27] Speaker 1: into the budget. Right, So the distraction over here is
[44:30] Speaker 1: going to be the intergenerational equity. Now again, as if
[44:34] Speaker 1: everyone has been talking this language all day every day,
[44:37] Speaker 1: people would be new to the concept of equity. But
[44:41] Speaker 1: when they talk about intergenerational I bang on about the
[44:43] Speaker 1: intergenerational report that says we have budget deficits for the
[44:46] Speaker 1: next forty years are trillion dollars of debt that if
[44:49] Speaker 1: there are forty more deficits, it's one and a half,
[44:52] Speaker 1: it's two trillion dollars. Oh, but modern monetary theory means
[44:55] Speaker 1: nobody ever calls in the debt. Yeah, bud. It goes
[44:58] Speaker 1: from being the tenth thing on the the budget list
[45:01] Speaker 1: to the sixth to the fifth of the first until
[45:03] Speaker 1: eventually people are working to exclusively pay tax on other
[45:06] Speaker 1: people's debt.
[45:09] Speaker 6: Well, that's it.
[45:10] Speaker 11: I mean, I think the point that you're sort of
[45:13] Speaker 11: getting to is that we can talk about lots of
[45:15] Speaker 11: different issues like in the generational fairness or equity or
[45:19] Speaker 11: transfer of wealth, or we can talk about taxation, and
[45:22] Speaker 11: we can talk about individual measures. But what we've learned
[45:25] Speaker 11: in the last year is that we can only grow
[45:28] Speaker 11: the economy by about two percent, and if the government's
[45:31] Speaker 11: going to grow at three or four percent, then that
[45:33] Speaker 11: means the rest of us can't grow at all. And
[45:36] Speaker 11: if we want to see a flourishing private sector, if
[45:39] Speaker 11: we want to see consumers just staying where they are,
[45:41] Speaker 11: they're going to have to grow consumption at one and
[45:43] Speaker 11: a half.
[45:43] Speaker 6: Because that's our population growth.
[45:45] Speaker 11: So if we want to allow our economy to bring
[45:48] Speaker 11: new technology and businesses to invest, the government has to
[45:52] Speaker 11: stop spending. If anything, if they want to keep doing
[45:55] Speaker 11: some infrastructure, which we want them to do, they're going
[45:58] Speaker 11: to have to cut back their recurrent spending, that is
[46:00] Speaker 11: their consumption. So there's only one really really important priority
[46:04] Speaker 11: here in which we will not see, and that is
[46:06] Speaker 11: the government's got to cut its spending outright. It's overcooked
[46:09] Speaker 11: this fiscal expansion and it's got to admit the areas
[46:12] Speaker 11: of its ways and cut back. But I don't think
[46:15] Speaker 11: we're going to see that. We're going to see them
[46:16] Speaker 11: look for new taxation, and as you say, just then,
[46:20] Speaker 11: keeping on layering taxation onto the Australian people is getting
[46:24] Speaker 11: in the very dangerous ground. We've got the highest personal
[46:27] Speaker 11: income tax in the world. You start adding on a
[46:29] Speaker 11: lot of other bits and pieces, like taking away the
[46:31] Speaker 11: incentive to invest in housing with the CGT and other reforms,
[46:35] Speaker 11: they're flouting the trust. Taxing of trust. We are going
[46:38] Speaker 11: to stop seeing people incentivized to work hard, and that's
[46:41] Speaker 11: just going to start to be like a vicious cycle
[46:44] Speaker 11: that's going to lead one place, and that's a downturn
[46:46] Speaker 11: in the economy.
[46:47] Speaker 1: I get very very annoyed at the relentless drum beat
[46:51] Speaker 1: that is the generation wars here, right, as if boomers
[46:55] Speaker 1: stole money from the kids that they hadn't had yet,
[46:59] Speaker 1: as if they hadn't gone through seventeen percent interest rates.
[47:02] Speaker 1: My parents, your parents, they work their ass off to
[47:05] Speaker 1: be able to get the house. They took care of
[47:07] Speaker 1: their parents, as I will for my parents. That's how
[47:09] Speaker 1: it works, is that you don't get all of the start,
[47:12] Speaker 1: you get it towards the end.
[47:15] Speaker 11: Yeah, And this is one of the problems in our
[47:17] Speaker 11: modern politics is the political class that are identifying the
[47:22] Speaker 11: problems and then therefore trying to solve them. But they're
[47:24] Speaker 11: not necessarily the real problem. The real problem we've got
[47:27] Speaker 11: is we're running out of labor compared to the size
[47:29] Speaker 11: of our economy. We need to reorientate our workforce, so
[47:32] Speaker 11: we need to bring new technology in. That's a difficult
[47:34] Speaker 11: process that's going to happen no matter what. They're not
[47:36] Speaker 11: even talking about it. Intergenerational inequities exactly as you say,
[47:40] Speaker 11: there's a fairness, there's a common sense. You can't go
[47:42] Speaker 11: changing things retrospectively and the system will work itself out
[47:45] Speaker 11: over time. We do need to make adjustments where necessary.
[47:48] Speaker 11: But this is overcooked, and it's all part of a
[47:50] Speaker 11: strategy to present something in a week's time that looks
[47:54] Speaker 11: like it's dealing with issues, but actually is more presentational
[47:58] Speaker 11: and fundamental to the problems facing our community.
[48:00] Speaker 1: This is it. You know they used to have to
[48:02] Speaker 1: lock everyone up because it was market sensitive. Well, it
[48:04] Speaker 1: gets Announcedent seven thirty at nine is a political document,
[48:06] Speaker 1: all right. It is increasingly far more of a political
[48:09] Speaker 1: than an economic document because often they leak it all beforehand. Anyway,
[48:13] Speaker 1: Thank you, Warren, do appreciate it. Ecoeconomics is where you
[48:16] Speaker 1: can find him. Look forward to see him wherever he
[48:18] Speaker 1: pops up, especially when he pops up here on Palmary Live.
[48:21] Speaker 1: Right quick break back with more in a second. May
[48:23] Speaker 1: the Fourth as in May the fourth be with you
[48:25] Speaker 1: as in Star Wars. What does this have to do
[48:27] Speaker 1: with the Australian government next, so Star Wars, May the
[48:36] Speaker 1: fourth as in May the fourth be with you. There
[48:38] Speaker 1: is so many Australian government departments who decided to use
[48:41] Speaker 1: their time on social media today to mark the occasion,
[48:43] Speaker 1: including Geoscience Australia today because they worked out the size
[48:48] Speaker 1: of a star destroyer and what that looked like over Sydney,
[48:50] Speaker 1: or a Superstar destroyer and what that looked like over
[48:54] Speaker 1: New South Wales. Your taxes at work. But I kind
[48:59] Speaker 1: of like it is a light to bade H

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