WEBVTT - Paul Murray Live | 1 June 0:00:00.120 --> 0:00:05.080 From the sky New Center. This is Paul Murray Live 0:00:06.640 --> 0:00:08.640 Sag your gang, Happy Sunday wherever you're happy to be. 0:00:08.720 --> 0:00:10.399 Thank you so much for Caleb Bond for filling in 0:00:10.480 --> 0:00:12.559 on Thursday night. And of course, Happy Birthday is water 0:00:12.680 --> 0:00:15.600 my beautiful friend is Abella thirty one a day. Now. 0:00:16.720 --> 0:00:19.200 I loved when two things could be true at the 0:00:19.239 --> 0:00:21.439 same time. Now, as you know, there is one word 0:00:21.440 --> 0:00:23.959 that starts with tea. That is a bit of a 0:00:24.000 --> 0:00:27.080 swear these days, because the tea word is used by 0:00:27.120 --> 0:00:29.280 an orange man. An orange man. 0:00:29.120 --> 0:00:35.680 Bad tariffs, tariffs, tariffs, tariffs, tariffs, tariff, tarriffs, tariffs, and 0:00:35.760 --> 0:00:37.839 tariffs tariffs, tariff, tariffs, tariff. 0:00:38.600 --> 0:00:41.920 And just this weekend, that bad orange Man decided that 0:00:42.000 --> 0:00:44.960 he was going to increase the tariffs on all steel 0:00:45.280 --> 0:00:47.760 imported into the United States from every other part of 0:00:47.800 --> 0:00:52.000 the globe to twenty five percent. Remember orange Man Bad. 0:00:53.520 --> 0:00:57.720 An extraordinary escalation from the US president doubling tariffs on 0:00:57.760 --> 0:01:00.000 steel and aluminum imports. 0:01:00.040 --> 0:01:03.680 President Donald Trump vowed to double the tariff on stealing ports. 0:01:03.680 --> 0:01:07.720 The Australian steel industry is reeling tonight after Donald Trump 0:01:07.760 --> 0:01:11.640 extended his trade war by doubling steel tariffs to fifty percent. 0:01:13.000 --> 0:01:15.640 Now American work is in the steel industry. Love this 0:01:15.720 --> 0:01:19.279 Why because cheap crap from overseas ends up costing more 0:01:19.920 --> 0:01:24.280 because this extra tax when it crosses your borders increases 0:01:24.319 --> 0:01:27.800 the price. Remember, Orange Man Bad. 0:01:29.319 --> 0:01:32.240 There's a lot of jobs here, there's more coming now, 0:01:32.280 --> 0:01:33.800 and there's going to be a lot of more demand, 0:01:34.200 --> 0:01:35.959 you know, with the tariffs and everything that he's doing. 0:01:36.080 --> 0:01:39.080 I think the tariffs are a very good decision. Go Trump, 0:01:39.319 --> 0:01:40.199 thank you so much. 0:01:41.720 --> 0:01:44.520 So as we know, the word tariff is really tax, 0:01:44.600 --> 0:01:47.120 a little bit like levy. And if you put a 0:01:47.280 --> 0:01:52.120 charge on top of everything that crosses your borders, apparently 0:01:52.160 --> 0:01:53.840 the rest of the world does not like it. This 0:01:53.920 --> 0:01:57.560 is an old school way of playing trade in a 0:01:57.640 --> 0:02:02.160 global economy where slave labor makes things in one part 0:02:02.200 --> 0:02:05.560 of Southeast Asia, and then the western world of course 0:02:05.600 --> 0:02:09.400 demands it must be used by, among other things, government 0:02:09.440 --> 0:02:13.240 when it comes to say energy. But of course, when 0:02:13.280 --> 0:02:17.120 it comes to this specific situation, when it comes to 0:02:17.480 --> 0:02:21.320 tariffs and Trump, an orange Man Bad is that essentially 0:02:21.440 --> 0:02:27.359 putting a tax on something is unfair because it means 0:02:27.400 --> 0:02:31.520 that the idea of international and free trade is fundamentally 0:02:31.600 --> 0:02:35.280 at risk, and we know that there are many people 0:02:35.480 --> 0:02:38.840 in Australia who hate any idea of a tariff, because 0:02:38.919 --> 0:02:42.000 are you listening orange Man bad? 0:02:44.600 --> 0:02:48.320 The application of these new tariffs is certainly not the 0:02:48.360 --> 0:02:49.000 act of a friend. 0:02:49.000 --> 0:02:51.600 It's certainly a hiccup, and it's certainly a problem when 0:02:51.639 --> 0:02:53.799 you have a trading nation that is a good friend 0:02:53.960 --> 0:02:56.079 who I think is harmly not only us but themselves. 0:02:56.120 --> 0:02:58.560 This is an act of economic self harm by the 0:02:58.680 --> 0:03:02.400 United States that will increase the costs for consumers in 0:03:02.440 --> 0:03:03.360 the United States. 0:03:03.440 --> 0:03:06.280 Already seen steel prices rise in the United States and 0:03:06.280 --> 0:03:09.799 they'll probably go up more. So this will impact American 0:03:09.960 --> 0:03:12.240 consumers more than it will impact the rest. 0:03:12.040 --> 0:03:16.440 Of the world. So if you cook the ticket, bad, 0:03:16.760 --> 0:03:19.639 if you add attacks on top of a good simply 0:03:19.639 --> 0:03:23.720 because it comes from somewhere else, bad, orange Man bad. 0:03:23.760 --> 0:03:26.000 Can I say that as many times as that sunk 0:03:26.000 --> 0:03:33.360 in orange Man band terrible policy? Tariff's awful evil, unless, 0:03:33.360 --> 0:03:35.920 of course you want to do it in the name 0:03:35.960 --> 0:03:39.840 of the environment and the government who is considering doing 0:03:39.880 --> 0:03:46.360 this our government, Now remember orange Man bad for increasing 0:03:46.480 --> 0:03:51.440 tariffs on steel from Australia going into the United States. 0:03:52.240 --> 0:03:57.600 Well amazingly today Chris Bowen is openly talking about the 0:03:57.680 --> 0:04:04.160 idea of introducing tariff. If the things that come into 0:04:04.200 --> 0:04:08.840 this country from the rest of the world are carbon intensive, ie, 0:04:09.000 --> 0:04:12.360 if they pollute when they are being made, then a 0:04:12.560 --> 0:04:16.560 tax will be paid before it comes into the country. Now, 0:04:16.600 --> 0:04:21.920 remember everything that is true about tariff's when it comes 0:04:21.920 --> 0:04:25.920 to Donald Trump is exactly the same here. Right, tariffs 0:04:25.960 --> 0:04:30.719 are bad because it makes everything more expensive. This makes 0:04:30.839 --> 0:04:34.080 everything more expensive. And if you think it's just some 0:04:34.279 --> 0:04:36.880 crazy right wing talking point, here is the man on 0:04:36.960 --> 0:04:40.800 Taxpayer TV talking about the very issue today. 0:04:42.160 --> 0:04:44.320 I know you've been looking at the option of Australia 0:04:44.360 --> 0:04:48.040 imposing a carbon tariff or a carbon border adjustment mechanism 0:04:48.040 --> 0:04:51.400 as the Europeans are looking at. Is what's you thinking 0:04:51.400 --> 0:04:52.279 on that at the moment. 0:04:53.080 --> 0:04:56.200 Well, we've been again clear that we want to ensure 0:04:56.240 --> 0:05:00.000 Australian industry it's best place to compete in a decarbonizing world. 0:05:00.120 --> 0:05:04.480 As you know, I commissioned Professor Frank Yotso last year 0:05:04.640 --> 0:05:09.000 to advise the government. He's made public consultation papers. Those 0:05:09.000 --> 0:05:11.000 papers make clear he thinks the settings are right in 0:05:11.040 --> 0:05:13.080 the short term, but there are things we can think 0:05:13.120 --> 0:05:15.240 about in the medium to long term. And obviously that's 0:05:15.279 --> 0:05:18.440 something I'll continue to progress this term with my cabinet colleagues. 0:05:19.360 --> 0:05:23.400 So not know not thanks for the idea. We've been 0:05:23.400 --> 0:05:26.880 doing the homework on this very idea. Now they say 0:05:26.920 --> 0:05:31.800 it's noble because to put it five, ten, twenty percent 0:05:32.440 --> 0:05:36.840 tax on everything that's important into the country. If it 0:05:36.880 --> 0:05:41.440 has some connection to an increase in emissions around the world, 0:05:42.760 --> 0:05:44.680 well that would of course increase the price here in 0:05:44.720 --> 0:05:48.800 Australia in exactly the same way that the Orange Man 0:05:48.880 --> 0:05:54.480 bad tariffs increase the price of things like Australian steel 0:05:54.680 --> 0:05:59.680 being bought in the United States. Now this is really 0:05:59.720 --> 0:06:03.680 fat because, as we know the Orange Band Bad narrative, 0:06:03.920 --> 0:06:08.880 the tariffs equal tax, tariffs equal increase in prices and 0:06:09.040 --> 0:06:11.840 end up being paid by the in this case American 0:06:11.960 --> 0:06:17.520 consumer at a period of time where the inflation worries 0:06:17.520 --> 0:06:20.000 of the past couple of years have started to cool down. 0:06:20.440 --> 0:06:24.679 That essentially a ten percent increase in something like steel 0:06:24.720 --> 0:06:30.279 would eventually feedback into an increase in inflation. Now, it 0:06:30.320 --> 0:06:34.559 wouldn't surprise me if the people who in twenty twenty 0:06:34.560 --> 0:06:38.839 two promised a bit of cost of living but actually 0:06:38.920 --> 0:06:41.280 it got worse for three years who then got re 0:06:41.480 --> 0:06:45.440 elected in twenty twenty five saying again that they're doing 0:06:45.440 --> 0:06:48.400 something about cost of living, but then are equally at 0:06:48.440 --> 0:06:52.840 the same time talking about a policy of increasing the 0:06:52.880 --> 0:06:55.840 cost of things being imported into the country because of 0:06:56.040 --> 0:06:59.080 how they are made, what they are made from, and 0:06:59.160 --> 0:07:03.880 what the effect is effect is on the planet. That 0:07:03.920 --> 0:07:08.479 will mean prices will rise. Now, some people say that 0:07:08.520 --> 0:07:11.679 we are past the point of no return where people 0:07:11.680 --> 0:07:17.000 are willing to pay anything to save the planet. But 0:07:17.080 --> 0:07:21.640 proportionality and reality does actually have to stick here, and 0:07:21.720 --> 0:07:24.480 I don't care what the political consequences are. The reality 0:07:24.640 --> 0:07:28.640 is is that Australia is one percent of the global problem. 0:07:30.080 --> 0:07:32.800 Remember we talk about the climate clock, where for the 0:07:32.880 --> 0:07:35.920 past few nights have shown you that graphic of all 0:07:35.920 --> 0:07:39.760 of the different countries and how much they produce when 0:07:39.800 --> 0:07:43.040 it comes to carbon emissions. If it was midday and 0:07:43.080 --> 0:07:46.560 that's nothing, we go to China, it's quarter past. We 0:07:46.680 --> 0:07:50.160 go to the rest of the developing world or the 0:07:50.200 --> 0:07:53.000 global south. That gets you a half past the climate 0:07:53.040 --> 0:07:59.000 clock Russia, India, United States quarter two, So there's only 0:07:59.040 --> 0:08:02.040 fifteen minutes of the climate clock that is anywhere near 0:08:02.560 --> 0:08:05.000 as aggressive about trying to do something about the problem 0:08:05.120 --> 0:08:10.280 as the forty five minutes that are actively continuing to 0:08:10.400 --> 0:08:13.080 wipe out any and everything that we do here. So 0:08:13.200 --> 0:08:14.920 not only are we going to have a scenario where, 0:08:15.280 --> 0:08:19.360 because we want to set a good example, electricity goes 0:08:19.400 --> 0:08:25.680 through the roof, the landscape gets torn apart. We need 0:08:25.800 --> 0:08:29.080 to increase the cost of everything because if it's important 0:08:29.080 --> 0:08:32.000 from somewhere else and it has an effect on the environment, 0:08:32.640 --> 0:08:34.800 we have to do that because if we do this, 0:08:34.840 --> 0:08:39.920 we'll be able to stop bushfires and floods and droughts 0:08:40.000 --> 0:08:45.320 from ever happening. Again, when we are one minute of 0:08:45.360 --> 0:08:48.640 the sixty minutes of the climate clock, where what China 0:08:48.640 --> 0:08:53.559 produces in sixteen days is what we produce in an 0:08:53.720 --> 0:08:56.280 entire year, doesn't mean we don't do anything, of course, 0:08:56.360 --> 0:08:59.440 not doesn't mean we try and do our bit. But 0:08:59.480 --> 0:09:02.280 if part of doing our bit is increasing the cost 0:09:02.320 --> 0:09:04.720 of things we are importing to the country by ten percent, 0:09:05.880 --> 0:09:08.560 and depending on the month, Australia can often import more 0:09:08.600 --> 0:09:12.440 than we export to the rest of the world. And 0:09:12.480 --> 0:09:15.520 then again, if the idea of an export of something 0:09:15.880 --> 0:09:20.360 like steel is unfair, if somebody else puts a twenty 0:09:20.400 --> 0:09:22.240 five percent tax on it, to go into a place 0:09:22.280 --> 0:09:25.400 like the United States. Imagine there were other countries that 0:09:25.520 --> 0:09:31.040 decided to turn and put in carbon taxes on imports. 0:09:31.920 --> 0:09:35.880 Well Ustralian mining sector. How deeply would this be effected 0:09:36.160 --> 0:09:38.880 Now again, it wouldn't be paid in the borders here, 0:09:38.960 --> 0:09:42.280 but the cost of the product would be ten, twenty, thirty, 0:09:42.679 --> 0:09:44.640 fifty percent. It's up to the government how they said 0:09:44.679 --> 0:09:49.439 it once it crosses the line into another country. This 0:09:49.600 --> 0:09:52.880 was all open today, not a big chat during the 0:09:52.920 --> 0:09:55.319 election campaign, because god forbid, we talked about big things 0:09:55.400 --> 0:10:00.760 like this. No, we're to talk about Petty Dutton being 0:10:00.800 --> 0:10:06.080 an augur booger character on social media. We were distracted 0:10:06.080 --> 0:10:08.280 by attributing different things. And the majority of the country, 0:10:08.400 --> 0:10:10.160 well a third of the country and then a third 0:10:10.200 --> 0:10:12.880 of the country with its preferences, decided to pick the 0:10:12.920 --> 0:10:15.280 way that it has. And the government is now double 0:10:15.360 --> 0:10:18.560 any other number inside the parliament. So they will just think, 0:10:18.600 --> 0:10:21.680 whatever may, we can get away with anything, and maybe 0:10:21.720 --> 0:10:26.080 they can. But you would think someone somewhere would have 0:10:26.280 --> 0:10:29.199 made a point here that this government on this watch, 0:10:29.240 --> 0:10:32.600 in this term already they are going to set a 0:10:32.600 --> 0:10:37.680 climate target of twenty thirty five people inside the Labor 0:10:37.720 --> 0:10:40.560 Party want that anywhere up to seventy five percent, which 0:10:40.600 --> 0:10:42.440 is the same level as where the teals are, where 0:10:42.440 --> 0:10:47.559 the greens were a few years ago. Plus an increase 0:10:47.640 --> 0:10:50.640 to eighty three percent of all of our energy coming 0:10:50.640 --> 0:10:53.360 from renewables, and the billions of dollars that it costs 0:10:53.400 --> 0:10:58.120 to get to that system, plus five, ten, twenty, I 0:10:58.120 --> 0:11:00.480 don't know what the number is percent increase in the 0:11:00.480 --> 0:11:04.480 price of everything important into the country. That's one hell 0:11:04.520 --> 0:11:08.240 of a cost of transition. But apparently this government thinks 0:11:08.240 --> 0:11:11.840 we're one We're one big, which means bugger any and 0:11:12.040 --> 0:11:14.880 anyone else, but we're here for the little guy when 0:11:14.880 --> 0:11:20.040 it comes to the cost of living. Now. Also speaking 0:11:20.080 --> 0:11:22.640 of the cost of transition, interesting little bit of detail 0:11:22.720 --> 0:11:24.960 in the past couple of days, including that obviously some 0:11:25.000 --> 0:11:26.800 of the decisions that the Labor Party has made, and 0:11:26.840 --> 0:11:28.920 they deserve credit for this, which is that they have 0:11:29.320 --> 0:11:32.240 decided to double down on gas as basically being the 0:11:32.360 --> 0:11:35.079 firming technology to make sure that that is what will 0:11:35.200 --> 0:11:38.280 eventually power the nation when the wind doesn't blow and 0:11:38.320 --> 0:11:42.040 the sun doesn't shine. Notice that many state governments are 0:11:42.040 --> 0:11:44.480 moving to this position as well, so again they may 0:11:44.480 --> 0:11:47.520 well think that's it all done. But of course the 0:11:47.559 --> 0:11:51.119 cost of transition, which I will remain focused on, regardless 0:11:51.160 --> 0:11:53.520 of how many seats there are or aren't in the parliament. 0:11:53.559 --> 0:11:58.000 It's not an irrelevant issue because people will have to 0:11:58.000 --> 0:12:01.080 bear the cost. They tell us that they care, but 0:12:01.120 --> 0:12:03.560 then sometimes they've an inferant direction, so who knows where 0:12:03.559 --> 0:12:06.000 they actually feel. But I certainly know how the majority 0:12:06.040 --> 0:12:08.520 of people who'd be watching this would be failing, which 0:12:08.559 --> 0:12:10.720 is okay, cool, find a doom a bit. But how 0:12:10.760 --> 0:12:12.679 much more is this going to cost? And for how long? 0:12:13.800 --> 0:12:17.240 Or the construction of renewables is of course one hundreds 0:12:17.240 --> 0:12:19.920 of billions of dollars. The CSAI a few years ago 0:12:19.960 --> 0:12:21.960 put it at one t for trillion dollars once you 0:12:22.000 --> 0:12:27.320 connect it all up with wires. Interesting note that apparently 0:12:27.360 --> 0:12:30.319 the cost of transition to the renewable grid in Victoria 0:12:31.720 --> 0:12:36.760 is blowing out by at least sixteen billion dollars. The 0:12:36.800 --> 0:12:39.680 total cost to households and businesses to upgrade the Victoria's 0:12:39.720 --> 0:12:42.600 electricity grid required to support the shift of renewable energy 0:12:42.640 --> 0:12:46.560 will now be more than four times the four point 0:12:46.640 --> 0:12:48.760 three billion dollar figure that's set out in the transition 0:12:48.840 --> 0:12:53.040 roadmap which was unveiled last month. So these numbers already 0:12:53.640 --> 0:12:56.319 four times higher than a report that came out last month. 0:12:57.000 --> 0:12:58.960 Experts say we're now looking at best about a twenty 0:12:59.080 --> 0:13:03.240 billion dollars. The minister who's responsible for all this released 0:13:04.440 --> 0:13:08.160 that plan fifteen years four point three billion dollars. But 0:13:08.240 --> 0:13:10.760 then someone smart decided to go to page ninety five 0:13:10.800 --> 0:13:13.920 of vic Grid's one hundred and twelve page document and 0:13:13.960 --> 0:13:16.960 it does not account for several critical transmission projects, including 0:13:17.000 --> 0:13:20.960 the Western Renewables Link which links Victoria and New South Wales, 0:13:20.960 --> 0:13:24.960 the Interconnector West and the Marinus Link which takes you 0:13:25.040 --> 0:13:29.079 to the hydropower of Tasmania. All of that would be 0:13:30.200 --> 0:13:34.360 more than sixteen billion dollars. So the headline is, how 0:13:34.360 --> 0:13:36.480 good is this? We're reshaping the world. It's turning going 0:13:36.480 --> 0:13:38.680 to cost us four point three actually looking the fine 0:13:38.720 --> 0:13:45.440 point and it's now sixteen billion dollars. Nothing to see here, 0:13:46.240 --> 0:13:51.400 nothing at all. Back to the Libs and we know 0:13:51.480 --> 0:13:54.240 that the new Liberal leader, the new Opposition leader, susin' 0:13:54.320 --> 0:13:57.400 lee is making her bit to try to get as 0:13:57.400 --> 0:13:59.360 many people to be introduced to her as possible, and 0:13:59.440 --> 0:14:02.160 as she's done interviews basically every TV station. I like 0:14:02.200 --> 0:14:04.440 that she's writing opinion pieces for lots of different newspapers, 0:14:04.440 --> 0:14:07.640 and I'll get the one that she wrote just this weekend. 0:14:08.600 --> 0:14:12.160 But there's this very silly term. And I say silly 0:14:12.200 --> 0:14:13.640 term because this is one of these things that a 0:14:13.640 --> 0:14:15.880 whole bunch of cool people all use it once and 0:14:15.920 --> 0:14:18.640 you've never heard it before. It's called the glass cliff. 0:14:22.360 --> 0:14:25.360 Susan Lee is the answer, then, well, it's a very 0:14:25.400 --> 0:14:30.600 interesting thing, isn't it. When I think whenever a woman gets. 0:14:30.480 --> 0:14:34.840 A post like this, it's it's always like, oh, here's 0:14:34.880 --> 0:14:40.160 the job nobody else wanted. Glass cliff, which is the 0:14:40.200 --> 0:14:42.200 cousin of the glass seal. I have a funny view 0:14:42.200 --> 0:14:45.440 on that, like I think, yes, it's clearly a factor, 0:14:45.960 --> 0:14:48.760 but equally men would have wanted this job right now too, 0:14:48.840 --> 0:14:51.360 Like there is obviously a hunger for this job. 0:14:51.400 --> 0:14:53.840 I can't understand the take though, I mean, oh I 0:14:53.920 --> 0:14:54.520 do too. 0:14:55.160 --> 0:14:57.920 So again glass seailing. And that's the reason why women 0:14:57.960 --> 0:14:59.880 get to a certain point and then not able to 0:14:59.880 --> 0:15:02.560 go any further due to the evils of the patriarchy. 0:15:02.840 --> 0:15:05.040 And then the glass cliff being the version where well, 0:15:05.080 --> 0:15:07.160 now that you are at the top, see you later. 0:15:07.840 --> 0:15:10.520 Susan Lee has taken this front on and good on 0:15:10.520 --> 0:15:12.800 her for doing so in the piece that she wrote 0:15:12.800 --> 0:15:15.440 for the Financial Review. And again I like that. Slowly 0:15:15.480 --> 0:15:18.800 but surely, in the early days of leadership, you go 0:15:18.840 --> 0:15:21.320 to as many different places as possible and you just 0:15:21.760 --> 0:15:26.160 state an introduction many years before every people have to 0:15:26.160 --> 0:15:28.360 make a decision about whether they want to change from 0:15:28.440 --> 0:15:30.800 what they did. Obviously, just a few weeks ago, no 0:15:30.840 --> 0:15:34.160 one told me about glass cliffs when they placed ads 0:15:34.160 --> 0:15:36.320 in regional papers across the country to try and land 0:15:36.400 --> 0:15:40.200 a job of one of the first Australian female mustering pilots. 0:15:40.840 --> 0:15:43.600 No one warn me about a glass cliff when I 0:15:43.600 --> 0:15:46.120 went to UNI with a baby and a capsule as 0:15:46.120 --> 0:15:49.240 their family struggled to make ends meet. No one asked 0:15:49.280 --> 0:15:52.560 me about glass cliffs when I hooked up my caravan 0:15:52.640 --> 0:15:56.080 painted at Liberal blue and drove around the Murray to 0:15:56.160 --> 0:15:59.480 run for Parliament. As for glass cliffs, I couldn't give 0:15:59.520 --> 0:16:02.080 a staff. And then she finishes on the metaphor of 0:16:02.080 --> 0:16:06.680 being a pilot. Cliffs don't matter when you have wings. Good. 0:16:07.320 --> 0:16:11.480 I love this stuff. Fight Fight, Fight where this term again, 0:16:11.960 --> 0:16:14.080 it may well have existed in the universities for a 0:16:14.080 --> 0:16:16.200 long time and in fashionable parts of the incidet but 0:16:16.280 --> 0:16:18.120 in terms of common news language, had you heard of 0:16:18.200 --> 0:16:24.200 glass Cliff of recent weeks, let alone months? Potentially even years? 0:16:24.240 --> 0:16:26.600 But no? Mainlined is a way of trying to say 0:16:26.840 --> 0:16:28.640 the Liberals have a problem with women. You don't have 0:16:28.640 --> 0:16:32.000 a female leader. Yeah, but asterisk there. Of course, fundamental 0:16:32.040 --> 0:16:35.080 problem is the Liberal Party. They don't want to engage 0:16:35.120 --> 0:16:37.600 with full of ideas about what they need to do, 0:16:37.640 --> 0:16:40.160 how they need to change direction about what they should mean. 0:16:40.560 --> 0:16:42.840 None of those people with an interest in actually voting 0:16:42.880 --> 0:16:45.360 for them. Hence why basically they turn around and say, hey, 0:16:45.360 --> 0:16:49.560 can you be the left of Australian politics, but just 0:16:49.560 --> 0:16:53.120 just wear different clothes, because of course then they get 0:16:53.120 --> 0:16:56.000 the result that they want, which is no opposition to 0:16:56.080 --> 0:17:00.400 things like increasing prices by ten percent because of the 0:17:00.440 --> 0:17:02.880 carbon intensive nature, or of the goods that are like 0:17:02.880 --> 0:17:05.840 a fridge or a car that's made overseas because we 0:17:05.880 --> 0:17:09.040 don't make that stuff here because electricity is very expensive. 0:17:09.480 --> 0:17:14.359 And why is that at the moment? Well, also, you 0:17:14.440 --> 0:17:16.960 may all have heard the term and I'm very sure 0:17:17.240 --> 0:17:21.199 I've avoided using the labor lights term in relation to 0:17:21.240 --> 0:17:24.399 the coalition not being Goldilocks enough when it comes to 0:17:24.520 --> 0:17:30.359 the type of politics that's practiced in Australia right now. 0:17:30.800 --> 0:17:33.840 But interesting next time you hear this being said. Now, 0:17:33.840 --> 0:17:35.560 I know that everything's under review, and in my view, 0:17:35.600 --> 0:17:38.040 everything should be under review. Why because hey, you lost twice, 0:17:38.080 --> 0:17:40.720 you lost thirty seats, pretty obviously you should you put 0:17:40.760 --> 0:17:42.200 the car up on the hoist and have a quick 0:17:42.200 --> 0:17:45.480 little look around, double check. Oh we've only got three wheels, 0:17:45.160 --> 0:17:48.119 you know. Not a bad idea. But for those that 0:17:48.119 --> 0:17:49.919 are saying I think are immediately going to run to 0:17:49.960 --> 0:17:53.119 the left. Okay, guess what the immigration spokesperson's out in 0:17:53.160 --> 0:17:54.720 about in the past couple of days, and clearly he's 0:17:54.720 --> 0:17:57.640 got some free rain to say what he thinks. He's 0:17:57.640 --> 0:17:59.760 standing by the position, which is that Australian needs to 0:17:59.800 --> 0:18:06.000 car cut cut immigration. Why because the more people who 0:18:06.040 --> 0:18:10.480 are here, a fewer houses that there are, etc. Etc. 0:18:11.640 --> 0:18:15.560 So just be careful of the people in all directions. 0:18:15.920 --> 0:18:17.520 A bit far this way, a bit far that way, 0:18:17.960 --> 0:18:21.240 be more like me. Look who knows where they land? 0:18:22.160 --> 0:18:24.200 And free advice is what you pay for it, right, 0:18:25.240 --> 0:18:27.119 But I love the idea, particularly of the left, always 0:18:27.280 --> 0:18:30.760 all these ideas, but they were never going to vote anyway, Right, 0:18:31.560 --> 0:18:33.879 the conversation, yes, has to start at a nucleus with 0:18:33.920 --> 0:18:35.760 those of us who did vote. But then clearly there's 0:18:35.800 --> 0:18:39.040 a third of the country that is winnable and what 0:18:39.119 --> 0:18:41.880 is it that they're into long process? As I've said, 0:18:41.920 --> 0:18:45.040 I'm going to be a little bit dangerous where I'm 0:18:45.080 --> 0:18:48.280 going to trust you as a fellow adult, we can 0:18:48.320 --> 0:18:51.160 have an adult conversation where sometimes there are just questions, 0:18:51.280 --> 0:18:56.000 not a direct answer, sometimes wondering out loud. That's going 0:18:56.040 --> 0:18:58.720 to be the journey for the next little while. Believe me, 0:18:58.760 --> 0:19:00.680 when the government does the wrong thing, you don't think 0:19:00.680 --> 0:19:03.119 I'm going to be first in line, first in line, 0:19:04.240 --> 0:19:07.439 But they make no decisions apart from potentially increasing the 0:19:07.440 --> 0:19:09.840 cost of everything, and that won't even be the front 0:19:09.840 --> 0:19:13.080 page of the paper tomorrow anyway. Also, when it comes 0:19:13.080 --> 0:19:14.399 to the economy, I've got a bit on that as 0:19:14.400 --> 0:19:18.120 well here for you, which is because of recent natural 0:19:18.160 --> 0:19:20.800 weather events thanks to the pollution in China. According to 0:19:20.800 --> 0:19:23.439 the logic of the government, there's going to be some 0:19:23.480 --> 0:19:26.240 increases when it comes to dairy products, milk and butter 0:19:26.280 --> 0:19:27.959 prices are going to go up. That of course may 0:19:28.000 --> 0:19:31.080 well feed into inflation. Inflation feeds into whether they do 0:19:31.200 --> 0:19:33.920 or don't cut interest rates. There was some inflation numbers 0:19:34.000 --> 0:19:36.520 last week. I didn't get a chance to mention before 0:19:36.520 --> 0:19:38.399 I had a long weekend. Thank you again to Caleb 0:19:38.440 --> 0:19:41.320 for filling in. Well, yes, two point four percent, great, 0:19:41.440 --> 0:19:44.000 it's between two and three. That means hunky dory economy 0:19:44.000 --> 0:19:48.880 fixed right, not quite. Tobacco in the month of April 0:19:49.800 --> 0:19:54.400 up twelve percent, gas another household fuels up six percent, 0:19:54.720 --> 0:19:59.240 fruit and vege up six percent, like double average inflation, 0:20:00.080 --> 0:20:05.200 holiday and accommodation rents, non alcoholic beverages, all of those 0:20:05.240 --> 0:20:10.320 things were higher when it came to the number. When 0:20:10.320 --> 0:20:12.440 it comes to inflation, if you start to add in 0:20:13.480 --> 0:20:16.280 things like and increase in all goods because they're made 0:20:16.320 --> 0:20:18.480 somewhere else, they're carbon intensive, and they come into the 0:20:18.520 --> 0:20:21.800 country with a carbon tariff, inflation would go up. And 0:20:21.840 --> 0:20:25.199 then the RBA does what with interest rates? Again? You 0:20:25.240 --> 0:20:29.160 know not that it's not that it's all connected now. Also, 0:20:29.240 --> 0:20:33.159 when we were talking before about a population right again, 0:20:33.480 --> 0:20:36.240 you know, hundreds of thousands of people extra being brought 0:20:36.240 --> 0:20:38.160 into the country. Again, I don't care where they're from. 0:20:38.560 --> 0:20:40.520 I certainly care that they want to love this country. 0:20:40.560 --> 0:20:42.320 As much as everyone else who's been here for two 0:20:42.359 --> 0:20:44.720 minutes or tens of thousands of years, right, love the 0:20:44.840 --> 0:20:48.360 joint that's the simple rules. But of course the problem 0:20:48.480 --> 0:20:51.000 is there's not enough infrastructure for the existing twenty seven 0:20:51.040 --> 0:20:53.520 million people, let alonely forty something million people that we're 0:20:53.560 --> 0:20:56.359 going to get to. And even with forty million people 0:20:56.359 --> 0:20:58.960 paying tax, we're still going to be running record budget deficits. 0:20:59.320 --> 0:21:01.439 This year. It's a one trining dollars. By the end 0:21:01.480 --> 0:21:05.080 of this electoral cycle, it's one point two, with no 0:21:05.240 --> 0:21:09.240 budget survices being forecast for the next forty years. Guess 0:21:09.240 --> 0:21:12.080 what that's going to mean. One treating becomes two, becomes three. 0:21:12.119 --> 0:21:15.600 But whatever modern monetary theory, it doesn't matter. Well, despite 0:21:15.640 --> 0:21:17.440 the fact of extra hundreds of thousands of people coming 0:21:17.440 --> 0:21:22.000 into the country, guess how many building approvals for more houses, 0:21:22.160 --> 0:21:24.480 more units, for more people to be able to buy, 0:21:24.800 --> 0:21:27.680 let alone the children of the people who are already here, 0:21:27.800 --> 0:21:31.800 myself included, for their ability to go and buy a 0:21:31.840 --> 0:21:36.960 house for themselves. Total new homes approved in April less 0:21:36.960 --> 0:21:43.400 than ten thousand new units, less than five thousand. Nothing 0:21:43.560 --> 0:21:47.000 to see here, nothing at all. Right, It's all just 0:21:47.080 --> 0:21:51.480 one giant scare from the right wing, apart from the 0:21:51.480 --> 0:21:54.360 reality that that is the way that things are now 0:21:54.480 --> 0:21:59.320 right crazy. Also we're talking about here too, is there 0:21:59.440 --> 0:22:02.480 is a big issue for workers all over the place 0:22:02.760 --> 0:22:06.440 and it is AI. Now, if anything one has used chat, 0:22:06.480 --> 0:22:11.320 GPT or you're fooling around on Facebook, WhatsApp, whatever, and 0:22:11.359 --> 0:22:15.680 you say, hey, make a cartoon of in this case, 0:22:15.720 --> 0:22:19.879 Paul Murray from scott News smoking a cigar while riding 0:22:19.920 --> 0:22:23.840 a bicycle, feel free. Well, look what happens. It'll take 0:22:23.880 --> 0:22:27.439 a couple of seconds, and this thing looks like something 0:22:27.480 --> 0:22:29.800 that somebody took a whole day to make can be 0:22:29.840 --> 0:22:34.280 made in like five seconds. The power of this is unbelievable. 0:22:35.840 --> 0:22:39.280 But the reality is is that if you are and 0:22:39.320 --> 0:22:40.880 I've got mates that are doing this now, they are 0:22:41.000 --> 0:22:47.080 experimenting with chat GPT in particular where there are people 0:22:47.080 --> 0:22:51.159 who are able to ask at legal questions and it 0:22:51.240 --> 0:22:55.000 will quickly spit back legal answer. Had a great conversation 0:22:55.040 --> 0:22:57.280 with a couple of days ago who was talking about 0:22:57.320 --> 0:23:00.399 their small business and tax and basically was just talking 0:23:00.400 --> 0:23:03.240 to a computer and it was giving them the advice 0:23:03.359 --> 0:23:06.919 of account of an accountant or a financial planner. Now, 0:23:06.960 --> 0:23:09.399