Speaker 1: Live on Sky News. This is Sharry.
Speaker 2: Good Evening Tonight our exclusive on how Susan Lee ghosted
Speaker 2: Jane Hume for days in the lead up to her
Speaker 2: ruthless dumping. I'll tell you about their phone call just
Speaker 2: ninety minutes before the press conference.
Speaker 3: More details in a minute.
Speaker 2: Paul Keating is set to launch a campaign against Jim
Speaker 2: Chalmers taxon unrealized capital gains. Robert gott Liebsen has that
Speaker 2: scoop and he'll join meet tonight. Israeli President Isaac Hertzog
Speaker 2: implause Alban easy to actually visit Israel and see for
Speaker 2: himself what's going on. Chris Kenny met with Herzog today
Speaker 2: and he'll be on the show live.
Speaker 4: Plus.
Speaker 2: Matt Canavan kickstarts his campaign against Net zero.
Speaker 3: He'll be here to explain why.
Speaker 2: But first tonight I can reveal that Liberal leader Susan
Speaker 2: Lee ghosted Jane Hume for days, ignoring her texts and
Speaker 2: phone calls, before finally telling her she'd been dumped just
Speaker 2: ninety minutes before announcing her shadow cabinet Sauces close to
Speaker 2: Senator Hume told me that multiple texts and phone calls
Speaker 2: to Susan Lee went unanswered.
Speaker 3: This for several days while Lee was formulating her front
Speaker 3: bench team.
Speaker 2: Susan then finally rang Jane Hume and told her there
Speaker 2: was no role for her. This was an hour and
Speaker 2: a half before she fronted the press. The source told
Speaker 2: me it was completely ruthless. We've gone from people talking
Speaker 2: about Susan facing a glass cliff to now watching her
Speaker 2: pull up the ladder behind her to ensure no woman
Speaker 2: can follow in her footsteps. Either Susan thinks a woman's
Speaker 2: place isn't in the cabinet, or she doesn't like dealing
Speaker 2: with strong women. Pretty cutting comments there now, Jane Hume
Speaker 2: isn't the only senior coalition figure who was given the
Speaker 2: cold shoulder.
Speaker 3: Susan Lee also did not respond.
Speaker 2: To an approach from Senator Claire Chandler, who sent a
Speaker 2: text message saying that she'd like to continue serving in
Speaker 2: a senior position in the shadow cabinet.
Speaker 3: There was no reply.
Speaker 2: Today, Susan Lee doubled down on her decision to dump
Speaker 2: or demote four of the most senior coalition women, and
Speaker 2: when asked about this today, she said she was promoting
Speaker 2: women who were younger in terms of political experience. Have
Speaker 2: a look at that strange remark.
Speaker 5: Of course, Pete, I want to see more women, more
Speaker 5: women come into our party, and I was able to
Speaker 5: announce women who are younger in terms of their political career,
Speaker 5: and I know that they're going to do very well too.
Speaker 2: Younger in terms of their political career. Younger is a
Speaker 2: word you only use in.
Speaker 3: Relation to age.
Speaker 2: So perhaps she was about to say that she was
Speaker 2: promoting younger women and realized that wouldn't be a good look.
Speaker 2: It would be be agist and would reinforce a sexist,
Speaker 2: outdated view that women have no value to society if
Speaker 2: they're too old. Now, Sarah Henderson is sixty one, Jane
Speaker 2: Hume in her fifties declared Chandler is thirty seven, just
Speaker 2: Enter Price forty four, and their.
Speaker 3: Ages are irrelevant.
Speaker 2: They are among the most high profile and high performing
Speaker 2: coalition women. When Parliament returns, it'll be an embarrassing site
Speaker 2: to see these talented women relegated to the backbench instead.
Speaker 2: Susan Lee has leapfrogged the likes of Giselle Captirian, who
Speaker 2: is only three votes ahead of Teal Nicolette Bowl in
Speaker 2: the recount. She might not even get into parliament if
Speaker 2: she does, she'll be on the front bench, but of
Speaker 2: course she poses no threat to Susan Lee. This shadow
Speaker 2: cabinet undoes the efforts to rebrown the Liberal Party as
Speaker 2: modern with a Liberal leader. And you couple this with
Speaker 2: giving the overqualified Dave Sharma a junior assistant Ministry position
Speaker 2: when he probably should have been in Foreign Affairs. As
Speaker 2: Peter Kredlin said last night, it's like leaving your best
Speaker 2: players in the change room.
Speaker 6: I just don't think you take on an empowered and
Speaker 6: dominant labor party by leaving some of your best talent
Speaker 6: in the change room and giving the factional bobber boys
Speaker 6: are reward.
Speaker 3: And She's right.
Speaker 2: While there are a few good appointments, this is at
Speaker 2: best a meteorocre team. It's shocking to think that Susan
Speaker 2: Lee's shadow cabinet now has fewer women than either Scott
Speaker 2: Morrison's or Peter Dutton's had. Dutton had ten women in
Speaker 2: his shadow cabinet and Morrison had eight, the same number
Speaker 2: Lee now has, and only a third of Lee's shadow
Speaker 2: cabinet are women. This is despite the fact she's often
Speaker 2: publicly argued for years that we need more women in
Speaker 2: Parliament and in senior positions. Take a look at some
Speaker 2: of those comments.
Speaker 7: I want to say right here and now, we need
Speaker 7: more women in our party. We need more women in
Speaker 7: our party organization, We need more women in.
Speaker 3: This party room.
Speaker 7: As I said quite some time ago, I do want
Speaker 7: to see a fifty percent target for women. We need
Speaker 7: a fifty percent target by twenty twenty five. That's my view.
Speaker 7: And how we get there, of course, will vary where
Speaker 7: you encourage young women to get into the party, where
Speaker 7: you mentor them successfully, where you give them a platform
Speaker 7: to talk about their ideas which might not be your ideas,
Speaker 7: and you have a system that really strongly supports them.
Speaker 2: So the woman who argued for a fifty percent target
Speaker 2: now has only a third of her shadow cabinet being women.
Speaker 2: This is a case of clear hypocrisy. Now that she's
Speaker 2: in a position to elevate more women. Instead, she dumped
Speaker 2: or demoted for and has presided over the lowest number
Speaker 2: of women in cabinet or shaw cabinet for the Liberal
Speaker 2: Party since twenty nineteen.
Speaker 3: And by was she hammered on this today?
Speaker 8: Yeah, let's look at your team. You demotioned senior women,
Speaker 8: Hume Henderson Price, Why was that a good idea given that,
Speaker 8: as you know, your party has problems with women. Let's
Speaker 8: move to some of the decisions you've made on that
Speaker 8: shadow cabinet for a party that's trying to rebrand itself
Speaker 8: with Australian women, why so few women in the shadow cabinet.
Speaker 5: Look, forty percent of my shadow ministry is made up
Speaker 5: of women, and across that party were more broad as
Speaker 5: many as under plays.
Speaker 2: Not as many under the former leader cut So that
Speaker 2: was on Channel seven and the ABC and she didn't
Speaker 2: have a better time over on Channel nine.
Speaker 9: You need to win back women as well, they said
Speaker 9: Peter Dutton had a problem with female voters. But now
Speaker 9: you've deliberately reduced the number of women in shadow cabinet.
Speaker 3: Of my shadow ministry are women.
Speaker 5: Of course, I want to see more women in our
Speaker 5: party room every single day and.
Speaker 10: Reduced me as leader.
Speaker 3: That does well, Carl, as a woman leader.
Speaker 5: That sends a signal to women.
Speaker 9: You champion for more women in parliament, you championed more
Speaker 9: in cabinet, but at the first chance you promoted men
Speaker 9: and dumped women. How is that anything other than personal?
Speaker 5: That's commentary, Karl, and it's simply not.
Speaker 7: How I see it.
Speaker 5: As I said, Shadow Ministry.
Speaker 1: It's great women.
Speaker 3: He did a good job there. Karl Stefanovic.
Speaker 2: Now Susan Leoso told Paul Murray last night that just
Speaker 2: sent to Nampa, jimper Price was very happy with her
Speaker 2: demotion to shadow Cabinet.
Speaker 5: I spoke to her before this appointment, Paul. She's very
Speaker 5: pleased to take it on.
Speaker 3: Pleased.
Speaker 2: I mean that's taking spin to the next level, because
Speaker 2: three hours earlier, Ja told Peter Kredlin that actually she
Speaker 2: was very disappointed and that the shadow cabinet team wasn't
Speaker 2: appointed based on Marria at all.
Speaker 11: I'll be honest to say that there are probably some
Speaker 11: appointments that have not been predicated on.
Speaker 1: Experience or merit.
Speaker 11: But this is what this is the team we have
Speaker 11: to work with, that we're working.
Speaker 3: With going forward.
Speaker 11: And you know, I mean, I'm not going to lie
Speaker 11: and say that I'm not disappointed that I'm not within
Speaker 11: cabinet itself.
Speaker 2: And this is the problem with politicians like Susan Lee.
Speaker 2: Center gave an honest answer she's disappointed with the demotion,
Speaker 2: as she should be, and instead of Acknowledgingcenter's public position,
Speaker 2: Susan Lee lies and insists Center's very happy and a
Speaker 2: politician junior to Center, Kerry Anne Little, has now been
Speaker 2: promoted to shadow Cabinet. So the message it sends is
Speaker 2: that Jacenter, one of the top performers in the coalition,
Speaker 2: is not valued by Susan Lee.
Speaker 3: It sends the message that.
Speaker 2: Talent and merit are not the key drivers of this
Speaker 2: shadow cabinet team. And those involved behind the scenes in
Speaker 2: this shadow cabinet include Alex Hawk, who was Scott Morrison's
Speaker 2: numbers man, also Lee's chief of staff, Dean Shakha, and
Speaker 2: I'm told Susan also sought advice from Scott Morrison.
Speaker 3: Now I put all.
Speaker 2: Of this and I've reported here to Susan Lee's office,
Speaker 2: and her spokesman told me tonight that the Opposition leader
Speaker 2: has spoken with every single one of her parliamentary colleagues
Speaker 2: several times since the election resulted.
Speaker 3: Prior to the.
Speaker 2: Announcement of the shadow ministry. The leader has announced a
Speaker 2: team with enormous talent and as she said this morning,
Speaker 2: every member of the party room has an important role
Speaker 2: to play. Suggestions that there were voices in the room
Speaker 2: trying to influence.
Speaker 3: Decisions are wrong.
Speaker 2: Now clearly Susan Lee has created even more enemies than
Speaker 2: she had before with this shadow cabinet, and that's before
Speaker 2: she's been tested against the ruthless Albanese government. Deputy leader
Speaker 2: Ted O'Bryan has been making phone calls to try and
Speaker 2: calm everyone down, but it's not working because right now
Speaker 2: Susan Lee only has the support of half the party.
Speaker 2: Three people who I believe to have voted for her,
Speaker 2: like my friend Holly Hughes, are no longer in the
Speaker 2: party room. They've left politics, yet they participated in the
Speaker 2: leadership ballot. Now, internally, I can tell you that coalition
Speaker 2: figures are discussing how long Lee will last. Some say
Speaker 2: some estimate that she has between six and eighteen months
Speaker 2: as leader.
Speaker 3: The clock is ticking now.
Speaker 2: She could have used this shadow cabinet to unite the party. Instead,
Speaker 2: she's given power to factional players devoid of talent, and
Speaker 2: in doing so has only succeeded in driving a deep
Speaker 2: wedge through the coalition. Now we've been speaking a lot
Speaker 2: about how farmers and other Australians may have to sell
Speaker 2: property or assets to pay their tax bill as a
Speaker 2: result of Labour's new supertax, and it's not just the supertax,
Speaker 2: which starts in July with a thirty percent tax rate
Speaker 2: on earnings above three million in a superfund, but it's
Speaker 2: also this unprecedented tax on unrealized capital gains above three million.
Speaker 3: That's profit that you.
Speaker 2: Haven't made yet and could apply if the value of
Speaker 2: your property goes up. As we know, the market goes
Speaker 2: up and down, valuations go up and down. The National
Speaker 2: Farmers Federation are warning that many farmers won't be able to.
Speaker 3: Pay the increased tax bill.
Speaker 2: If you were watching last night, you would have seen
Speaker 2: David Johinkey saying this.
Speaker 12: And if it was a applied buck it is proposed
Speaker 12: to be at the start of the financial year.
Speaker 1: Partments would have to stump up.
Speaker 12: An increase that they have no ability to pay and
Speaker 12: essentially would put their farm at risk.
Speaker 3: Put their farm at risk.
Speaker 2: So do you think that there will be farms that
Speaker 2: will have to be sold over this businesses that will
Speaker 2: go under farming businesses?
Speaker 1: Well, I have to find money somewhere.
Speaker 12: Now.
Speaker 2: The figure show that seventeen thousand super accounts hold farmland.
Speaker 2: Three and a half thousand of those have more than
Speaker 2: three million dollars as if life wasn't hard enough already
Speaker 2: for our farmers, with this cost of living crisis, with
Speaker 2: weather fluctuations, and now they're worried about having to sell
Speaker 2: up to meet a tax liability on increased land valuations.
Speaker 2: I mean, it's insane and quite frankly unethical.
Speaker 3: Yet look at how heartless.
Speaker 2: And cold the Herald's economics writer Ross Gittens is. He
Speaker 2: doesn't feel sorry for these farmers. He says, the old
Speaker 2: earn more than the young, find it easier to save
Speaker 2: and get the benefit from super sooner than the young.
Speaker 3: I mean, what is that nonsense?
Speaker 2: The old find it easier to save, and oh it's
Speaker 2: so unfair that they get the benefit from super sooner. Well,
Speaker 2: they had to wait to access their superannuation. They lived
Speaker 2: and worked those long years. But it gets worse, he writes,
Speaker 2: These rich people just don't want to pay more tax,
Speaker 2: and as usual, are hunting around for the best counter
Speaker 2: arguments they can find. He says, I can afford to
Speaker 2: pay it, and so can they. I mean, that's a
Speaker 2: ludicrous takers. One economist said to me today he urgently
Speaker 2: needs to retire. Well, let's turn to someone who actually
Speaker 2: knows what he's talking about. Veteran business columnist Robert gott
Speaker 2: leaps It. He's written at length about this topic in
Speaker 2: The Australian, reporting that Jim Chalmers is set to be
Speaker 2: remembered as the Treasurer who's unrealized capital gains tax destroyed
Speaker 2: the historic nineteen ninety two universal superannuation vision of Paul Keating.
Speaker 2: Keating must know that aspiring Australians, mostly in self managed funds,
Speaker 2: will exit superannuation rather than pay tax on unrealized gains. Accordingly,
Speaker 2: a third of Superannuation will exit, leaving it as a
Speaker 2: lower to middle income Australian movement. And now we hear
Speaker 2: that Paul Keating is reportedly furious about the idea of
Speaker 2: taxing unrealized capital gains got leaps, and reports that both
Speaker 2: Paul Keating and Bill Kelty are preparing to publicly blast
Speaker 2: the Alberteazy government over this. Industry funds have told got
Speaker 2: Leaps and that Keating is white hot with anger, and
Speaker 2: Robert wrote a number of those funds now believe, as
Speaker 2: a result of receiving an ear full of that Keating anger,
Speaker 2: that in due course the former Prime Minister and Treasurer
Speaker 2: will go public with a withering blast against Charmers more
Speaker 2: intense than any ever directed to a Cabinet minister. Keating
Speaker 2: will be backed with more moderate language by Bill Kelty,
Speaker 2: who in nineteen ninety two brought the Union movement into
Speaker 2: the Keating vision that Charmers is now set to destroy.
Speaker 2: This will be big if Keating and Kelty are preparing
Speaker 2: to wage war on the Albanezy government's plans to tax
Speaker 2: unrealized capital gains, and let's hope they do, because it's
Speaker 2: unlikely Susan Lee will be able to stop Jim Charmers.
Speaker 2: It would be like being flogged with a warm lettuce
Speaker 2: or being moored by a dead sheep.
Speaker 3: As Keating would say, I was.
Speaker 13: Like being flogged with a warm letters a blog with
Speaker 13: a warm letters.
Speaker 14: Has he got up? You know?
Speaker 9: More mold by a dead shape, more by a dead shape.
Speaker 2: Biting criticisms from the father of superannuation against this would
Speaker 2: be highly effective. Whether it will be enough to encourage
Speaker 2: Labor to back down on their contentious policy is yet
Speaker 2: to be seen, and Robert gott Leibsen will be on
Speaker 2: the show later on to speak about this. But now
Speaker 2: let's bring in National Senator Matt Canavan and Chief economist
Speaker 2: at the Institute of Public Affairs, Adam Crichton.
Speaker 3: Welcome to you both. Look, I want to start with
Speaker 3: the shadow cabinet now. We're going to get to net
Speaker 3: zero in a moment.
Speaker 4: Matt.
Speaker 2: But Matt, you ran against David little Crowd for leader
Speaker 2: and you've chosen not to be in shadow cabinet. But
Speaker 2: your friend Barnaby Joyce, your colleague Michael McCormack, were dumped.
Speaker 2: That's not the best decision to have experienced former leaders
Speaker 2: to leave them on the back bench.
Speaker 12: Is it. Yeah, Look, Sharry, I'm probably going to disappoint you.
Speaker 12: I just don't really care too much about who's who
Speaker 12: in the zoo.
Speaker 1: It's never knows who in the zoo.
Speaker 2: It's putting forward the best coalition teams so that they
Speaker 2: can win against out in the Albanize. He surely, Matt,
Speaker 2: you care about kicking the Albanezy government out and you
Speaker 2: need your best team.
Speaker 12: I do do that. I do care about that. I
Speaker 12: do care about that show. But just on that point,
Speaker 12: as a general rule, I'm just not so sure that
Speaker 12: the lineup of the Shadow Cabinet makes that much difference. So,
Speaker 12: I mean every parliamentary and all of us have the
Speaker 12: ability to hold an executive governor account in the Senate
Speaker 12: or the House of Reps and through committee processes whatever
Speaker 12: we are in. I mean, one of the more effective
Speaker 12: campaigns I ever saw against an elected government was by
Speaker 12: Tim Wilson, a colleague of mine, give him his due.
Speaker 1: Against the franking credits.
Speaker 12: Now, Tim wasn't a member of the Shadow Ministry when
Speaker 12: he did that work and took down effectively or at least
Speaker 12: a big part of the government on that issue. And
Speaker 12: so I just think all of us could focus a
Speaker 12: little bit more about that job. That's our first job,
Speaker 12: to oppose the government in the parliament. It actually doesn't
Speaker 12: matter too much. Yeah, look, the leaders matter that sort
Speaker 12: of stuff, but you know that's being done now. I
Speaker 12: support both leaders making the best best deal this they can.
Speaker 12: But yeah, who's in every particular portfolio. I'm not sure
Speaker 12: it's going to make that much different at the election
Speaker 12: in a fears.
Speaker 2: Time, Adam, would you agree that there are a lot
Speaker 2: of talented players left on the backbench that this shadow
Speaker 2: cabinet hasn't been appointed based on merit in some cases?
Speaker 15: Well, look, Showy, I think I'll probably disappoint you as well.
Speaker 15: I mean, I think you're being slightly harsh on Susan Lee.
Speaker 15: I mean, she's just appointed the people that she thinks
Speaker 15: will maximize her time in the job, like any leader does,
Speaker 15: whether they're Prime Minister or Leader of the Opposition.
Speaker 4: She's done that.
Speaker 15: Look, I agree it's somewhat amusing that the number of
Speaker 15: women has dropped from eleven to eight in the Shadow
Speaker 15: ministry because of course we're always you're listening to always
Speaker 15: talk about well, we always hear all this talk about
Speaker 15: the importance of women, but of course, in reality it's
Speaker 15: just rhetoric, you know, I mean, neither side actually believes
Speaker 15: in it. One vote is one vote, whether you're male
Speaker 15: or female, and that's what informs the decisions of both
Speaker 15: the Prime Minister and the leader of the position. So look,
Speaker 15: there are some you know, there's lots of talented people
Speaker 15: in the Parliament, and you know, I want the opposition
Speaker 15: to be a functioning and effective opposition, so I wish
Speaker 15: Susan Lee, well, look, let's let's just wait and see
Speaker 15: what happens. Right, there's there's there's always fallouts. I mean,
Speaker 15: Tony Abbitt famously said that you know, every time there's
Speaker 15: a reshuffle, you make more enemies than you make friends.
Speaker 15: But you know, but she had to appoint a new
Speaker 15: shadow ministry, and she had to appoint one with her preferences,
Speaker 15: and that's that's what's happened. So let's let's just judge
Speaker 15: her by that kind.
Speaker 2: Of bothers me that not many men are coming out
Speaker 2: against the fact that for senior four of the most
Speaker 2: senior coalition women have been dumped.
Speaker 3: Matt, surely you have a view on that.
Speaker 12: Well, look, I want a shadow ministry based on merit.
Speaker 1: Look what I would say.
Speaker 12: About some of my female colleagues is they definitely have
Speaker 12: done I think a very good job. I mean, Sarah
Speaker 12: Henderson did a great job as Education spokesperson. But look,
Speaker 12: some people have to be appointed and sometimes some people
Speaker 12: will miss out. There are talented people right across the
Speaker 12: Liberal and National parties, So I do do feel for Sarah,
Speaker 12: for Claire, for Jane. All of contributed enormously to our
Speaker 12: party in the last few years. But they'll continue to contribute.
Speaker 12: And I've been in contact with all of them today
Speaker 12: and said, hey, you like on the backbenchain, too bad?
Speaker 1: You can have lots of fun and still achieve a lot.
Speaker 12: I feel like I've achieved a lot of the last
Speaker 12: few years as a Senator for Queensland, so it's a
Speaker 12: great honor to have this role. It's a yes, an
Speaker 12: even greater honor sometimes to be in a ministerial role.
Speaker 12: But let's be real here. We've got thumped at the
Speaker 12: election and we're talking about shadow ministers not ministers, so
Speaker 12: there's a big, big difference.
Speaker 2: It's a big difference, of course, But the issue is
Speaker 2: you need the absolute top fighting coalition team to have
Speaker 2: even a chance at cloring back the thirty plus seats
Speaker 2: that is ahead of the coalition to try and regain
Speaker 2: the ability to govern, and that's not going to happen
Speaker 2: with the current team. Right, Let's turn to net zero
Speaker 2: because I know you're desperate to speak about that, Matt.
Speaker 2: Now there are liberals speaking out saying that net zero
Speaker 2: needs to be kept. Zoe mackenzie is one of them,
Speaker 2: which Barnaby Joyce then on with Antrew Bolt argued against.
Speaker 3: Have a look.
Speaker 16: I am personally optimistic that we will continue to observe
Speaker 16: the net zero goal. It is important for an electorate
Speaker 16: like mine where environment is very highly valued. But more
Speaker 16: importantly it's very important in the minds of the people.
Speaker 16: In Australia's metropolitan seats. There are eighty eight of them,
Speaker 16: and my side of politics only now holds eight.
Speaker 13: If you ever are questioned them, you know you're abhorrent.
Speaker 13: You know you want the kidding sinstantaneously combus. It's guarded
Speaker 13: in guilt and we suck this rubbish up and we
Speaker 13: should be turning around saying no, no, do net zero.
Speaker 3: Adam.
Speaker 2: This is clearly going to divide the Liberal Party and
Speaker 2: potentially the coalition.
Speaker 15: Yes, look but I think I think if the Coalition
Speaker 15: opposes it, they're just going to be getting ahead of
Speaker 15: public opinion. I know net zero is still popular because
Speaker 15: most people think it means pollution, but of course it's
Speaker 15: got nothing to do with pollution.
Speaker 4: It's a great slogan net zero.
Speaker 15: But as energy prices keep rising ten percent year after
Speaker 15: year after year, I think more people are going to
Speaker 15: realize that it is because of the changes in the
Speaker 15: energy market that the government is leading, so you know,
Speaker 15: and it's I mean, you look at New Zealand, you
Speaker 15: look at the UK Tories, you look at Northern Territs
Speaker 15: in Queensland, you look at the US and China and India,
Speaker 15: I mean, all these jurisdictions are really not paying any
Speaker 15: attention to net zero, and it's just somewhat laughable that Australia,
Speaker 15: you know, such a small economy relative to the rest
Speaker 15: of the world, you know, so few carbon emissions are
Speaker 15: relative to the rest of the world, is going to
Speaker 15: destroy its economy to pursue net zero.
Speaker 4: So I think it's eventually going to change. I mean,
Speaker 4: I don't like betting.
Speaker 15: I'm not a gambling man, but I would certainly bet
Speaker 15: that in the next six years net zero will be dumped,
Speaker 15: as you know, as a target by both major parties.
Speaker 4: There's no question in my mind.
Speaker 2: It's hard to imagine the Labor Party dumping it, Matt.
Speaker 3: You know, it's tough to Matt.
Speaker 2: It seems like the Nationals might move to a position
Speaker 2: where they're against net zero, but the Liberal Party, and
Speaker 2: especially with the Moderates in charge you just heard Zoe McKenzie,
Speaker 2: would be I can't see a unified position from the Liberals.
Speaker 3: How do you think this is going to play out?
Speaker 12: Well, look, I just hope we have a debate, Shari.
Speaker 12: We've never had a debate on net zero in the
Speaker 12: joint party room. Never Scott Morrison adopted as a captain's
Speaker 12: pick the captain's call, and it hasn't turned out to
Speaker 12: be a very good one, at least from electoral perspective.
Speaker 12: We've been beaten twice, the last time the worst results
Speaker 12: since the inception of the Liberal Party. So on any measure,
Speaker 12: this hasn't worked for us politically, And perhaps the most
Speaker 12: frustrating thing in this debate, Shari and I say to
Speaker 12: someone like Zoe, a lovely person, but everybody I speak
Speaker 12: to who's got a different view than me now coalition
Speaker 12: on this issue pretty much Their only argument now is oh, Matt, yeah,
Speaker 12: we can't drop net zero because we need to win
Speaker 12: these votes. Now, wouldn't you think something so important as this,
Speaker 12: which is fundamentally about changing our whole economy, potentially costing
Speaker 12: thousands of people's their jobs. It already has cost thousands
Speaker 12: of jobs so far. Wouldn't we want to argue about
Speaker 12: this on whether it's best for Australia. Shouldn't that be
Speaker 12: the fundamental question we have in front of the joint
Speaker 12: party room. Is meeting a net zero target in just
Speaker 12: twenty five years good for our country or not? That
Speaker 12: should be the absolute primary question in front of us
Speaker 12: and to drop this rubbish of it.
Speaker 1: I know because this electorate.
Speaker 12: Says this, and that person says that opinions can change
Speaker 12: and they're fickle. And you can see in all of
Speaker 12: the polling that nobody wants to pay hardly anything to
Speaker 12: reach net zero. In fact, there was some polling release
Speaker 12: just two weeks ago which showed that ninety three percent
Speaker 12: of Australians would pay less than two dollars a week
Speaker 12: to meet net zero missions by twenty to fifty. And so,
Speaker 12: with all respect to my colleagues on this issue, we
Speaker 12: are now the odd man out politically.
Speaker 1: Across the world.
Speaker 12: There is no center right party political party in the
Speaker 12: western world now there's as adopted net zero as their
Speaker 12: platform in the English speaking world, I should say, not one.
Speaker 12: In the UK the Conservators have dropped it, the Republicans
Speaker 12: have never been on board obviously, in the US, in
Speaker 12: Canada they've dropped it, or in New Zealand they've just
Speaker 12: dropped it. So maybe maybe we should at least have,
Speaker 12: as I say, a debate on this issue in the
Speaker 12: joint party room, and I hope that when we do so,
Speaker 12: we put the country's interest first, not our party's interest.
Speaker 1: Our own jobs first. That's not the way to go
Speaker 1: about these debates.
Speaker 2: A long way to run on that, and Matt, that
Speaker 2: is clearly going to be your focus moving forward as well.
Speaker 2: Just before we go, you know, we often speak on
Speaker 2: this show about how long the friendship or the bromance
Speaker 2: between Donald Trump and Elon Musk, how long it was.
Speaker 3: Going to last.
Speaker 2: Well, Elon Musk today confirmed that he's leaving the Trump administration.
Speaker 3: He shared this post.
Speaker 2: He said, as my scheduled time as a special government
Speaker 2: employee comes to an end, I'd like to thank Trump
Speaker 2: for the opportunity to reduce wasteful spending, et cetera, et cetera.
Speaker 2: But he also criticized the president's One Big Beautiful Bill legislation,
Speaker 2: which he says will increase budget deficits. And he said
Speaker 2: in a television interview how disappointed he was with the spending.
Speaker 3: Adam, what's gone on here behind the scenes?
Speaker 2: And is this not a great thing that we're not
Speaker 2: going to have Elon Musk's influence anymore on Donald Trump.
Speaker 15: Well, I mean to be honest, I'm surprised it didn't
Speaker 15: happen sooner because this has come a huge personal financial
Speaker 15: costs for Elon Musk being associated with Donald Trump. There's
Speaker 15: been massive falls in profits at Telstra, a massive decline
Speaker 15: in the share price, and that's all largely because of
Speaker 15: the association with Donald Trump. And you know, his central
Speaker 15: point is right that you know, this bill before Congress
Speaker 15: is basically just more of the same. The debt ceiling
Speaker 15: is going to go up for trillion dollars. Deficits are
Speaker 15: still two jilldred dollars a year. There's really no significant
Speaker 15: cuts in spending, and of course a mask through his DOGE,
Speaker 15: the Department of Governor Effingency, has has been singling out
Speaker 15: various areas to cut spending and they haven't really been cut.
Speaker 4: So so I do feel you know, I do feel sympathy.
Speaker 15: I think he's realized that, you know, politics is largely rhetoric,
Speaker 15: and there's huge inertia in government and it's very, very
Speaker 15: hard to change the direction of the US government. So
Speaker 15: I understand why he's leaving. I think it's probably good
Speaker 15: for both of them. Franklin, and at least it hasn't
Speaker 15: been a spectacular blow up as yet.
Speaker 3: As yet, wait and see whether that happens, right. Matt Canavan,
Speaker 3: Adam Crichton great to see you as always.
Speaker 2: Now still to come, Alban Ezy goes on the attack
Speaker 2: instead of listening to a think tanks warning about defense
Speaker 2: his glass jaw yet again on Show Plus Will Cross
Speaker 2: Live to Chris Kenny and Israel after his meeting with
Speaker 2: President Hertzog today, Israel wants Albin Easy to actually visit
Speaker 2: instead of spreading misinformat.
Speaker 3: That's after this quick break.
Speaker 2: Well, Israeli President Isaac Hertzog has invited Alban Easy to
Speaker 2: visit Israel. The invitation comes after the Prime Minister here
Speaker 2: labeled Israel's actions outrageous this week and he falsely accused
Speaker 2: Israel of blocking food trucks into Gaza and a lot
Speaker 2: to say about that on Monday Night Now. Paul Kelly
Speaker 2: in The Australian writes that the deterioration in Australia Israel
Speaker 2: ties is deepening. He says that in remarks to Australian
Speaker 2: editors and journalists, President Herzog made clear he would like
Speaker 2: to see Albanizi involved more directly, a sentiment that reflects
Speaker 2: the ingrained Israeli view that Australia has become both a
Speaker 2: remote and poorly informed critic of Israel's Gaza strategy and
Speaker 2: that's putting it politely. Hertzog also made it clear he
Speaker 2: would be happy to visit Australia now. Former Treasurer Josh
Speaker 2: Friedenberg is part of that delegation in Israel, along with
Speaker 2: other journalists and editors, including Chris Kenny. And I'm thrilled
Speaker 2: to say we're going live to Israel now to join
Speaker 2: Chris Kenny. If only I could jump through the television
Speaker 2: and actually be there with you, Chris. And it's great
Speaker 2: to see you back again in Israel. You visited multiple times.
Speaker 2: Can you tell us how was the meeting with President
Speaker 2: Hertzog and how frustrated does he seem with the Albaneze
Speaker 2: government position.
Speaker 17: Yeah, good to talk to you, Sharry. I'm coming to
Speaker 17: you from the Golden Heights. This is about one hundred
Speaker 17: meters from the Syrian border. Here offer to my left
Speaker 17: another front that Israel has had to come fun in
Speaker 17: recent decades and particularly in the rest of nineteen months.
Speaker 14: Yes, that meeting.
Speaker 17: Israeli President Isaac Herzog yesterday afternoon was a fascinating one.
Speaker 17: It was generally speaking on background, and we spoke in
Speaker 17: detail about the challenges confronting Israel and also the way
Speaker 17: it's getting so much criticism from the international commit and
Speaker 17: the President was very frustrated with Australia's attitude, and it's
Speaker 17: important for people to understand this.
Speaker 14: The invitation is important.
Speaker 17: He made the point in this meeting that now we're
Speaker 17: going on the record. I want this invitation to be
Speaker 17: on the record so that we could report it and
Speaker 17: it could be public. And it's very clear that the
Speaker 17: President wants Anthony Albanezi to come to Israel, not just
Speaker 17: as a matter of diplomatic nicety, but because he thinks
Speaker 17: the criticism that's coming from Australia is misinformed and unproductive,
Speaker 17: and he wants the Prime Minister to come here learn
Speaker 17: for himself about the challenges, the threats that Israel's dealing with,
Speaker 17: the challenges in delivering aid into Gaza and keeping it
Speaker 17: out of the hands of the Hummas terrorists, and he
Speaker 17: wants Australia to then have the knowledge and then offer
Speaker 17: constructive criticism, more constructive ideas and assistants. So it was
Speaker 17: very much in that spirit so that this offer was made.
Speaker 17: And I think it's very important that people understand how
Speaker 17: badly the Albanesi Labor government in this critical time has
Speaker 17: damaged relations between Australia and Israel. This is a low
Speaker 17: point for the relationship and the pretense of it improving
Speaker 17: underneath the Albanesi labor government with anti Albanesi and Pennywong
Speaker 17: in charge of foreign policy.
Speaker 14: It's not good.
Speaker 17: You would understand that as much as anyone, Sharry, it
Speaker 17: doesn't look prospective. But nonetheless, if Alberizi really wants to
Speaker 17: be constructive and informed, he should come here.
Speaker 2: Absolutely, and not just the anti Israel sentiment. But Chris,
Speaker 2: throughout your meetings this week, has there been a sense
Speaker 2: of shock also at the anti Semitism that's arisen in Australia,
Speaker 2: which I believe is inextricably linked to the government's anti
Speaker 2: Israel attitude.
Speaker 17: Yeah, you're right, and people do raise it with us,
Speaker 17: probably not as much as they have done in the past,
Speaker 17: but it has been mentioned on what's going on in Australia.
Speaker 14: Haven't you been?
Speaker 17: Your government and your authority has been stronger against anti
Speaker 17: semitism in Australia. What's behind it? Why you're seeing it?
Speaker 17: There's been those sorts of those sorts of comments, but
Speaker 17: primarily there's so many people who have spoken to government
Speaker 17: officials and other non government agencies and citizens have talked
Speaker 17: about what they call betrayal from Australia. And the history
Speaker 17: between Israel and Australia goes back to before this country
Speaker 17: was formed in nineteen forty eight, of course, and it's
Speaker 17: been especially strong since then, and they feel that they've
Speaker 17: been stabbed in the back by Australia and betrayed. In
Speaker 17: their darkest now, of course, Israel is fighting for its
Speaker 17: very existence and this is when Australia has decided to
Speaker 17: abandon it in United Nations forums and through this sort
Speaker 17: of rectoric.
Speaker 14: So it's a very clear theme here.
Speaker 17: It is sad, but the people, the people Link says,
Speaker 17: you would understand Sharia are still very strong. I've bumped
Speaker 17: into many many Australians here and many Israelis who know
Speaker 17: Australia and have visited there, and they're all over this
Speaker 17: country and they want to keep the relationship strong. But
Speaker 17: at a government to government level, it's in a really
Speaker 17: bad place.
Speaker 2: It is, indeed, Chris just here in Australia. The ABC
Speaker 2: issued a correction to their repetition of that inaccurate claim
Speaker 2: that fourteen thousand babies were at risk of starvation in
Speaker 2: Gaza in a forty eight hour period. Now the ABC
Speaker 2: only corrected this today, it's a full week after the
Speaker 2: BBC issue to correction. This is typical of the misinformation
Speaker 2: that we're seeing from the public broadcaster. It's typical of
Speaker 2: the bias that we're seeing from mainstream media outlets.
Speaker 17: Yeah, this is disgraceful from the ABC showy, absolutely disgraceful.
Speaker 14: This was a blatant lie.
Speaker 17: The moment it was uttered by the United Nations, you
Speaker 17: could see it was an utter lie. I corrected this
Speaker 17: on my program with some analysis of the facts a
Speaker 17: full week ago. The ABC ran with it and don't
Speaker 17: correct it till a week later.
Speaker 14: This is all of a pattern.
Speaker 17: You know, the media reports that Israel kills five hundred
Speaker 17: people in a hospital. It's a lie, But the retractions
Speaker 17: and corrections never get the coverage that the.
Speaker 14: Origin the original allegations get.
Speaker 17: And in this case, the ABC and many other arms
Speaker 17: of the media around the world, it should be said,
Speaker 17: went with this claim that fourteen thousand babies would die
Speaker 17: in forty eight hours.
Speaker 14: Now a moment's thought. If you know anything about.
Speaker 17: The situation and the numbers of people and Allied and
Speaker 17: the medical situation.
Speaker 14: Do you know anything about that?
Speaker 17: You know that whole clear preposterous implaus But when you
Speaker 17: drew into it and ask about it, of course they
Speaker 17: referred that the only basis for it, the only slim
Speaker 17: basis for it, was a report on humanitarian issues that
Speaker 17: said if the war goes on for another year, when
Speaker 17: in the worst case scenario, if aid doesn't improve, there
Speaker 17: could be fourteen thousand cases of malnutrition in children up to.
Speaker 14: Five years of age.
Speaker 17: This is reported as fourteen thousand babies in two days time.
Speaker 14: It is lassable and it is so damaging.
Speaker 3: Chris love having you joined us from Israel.
Speaker 2: Look forward to seeing you when you're back, and of
Speaker 2: course stay safe, good travels.
Speaker 14: Thanks Charry.
Speaker 3: Still to come.
Speaker 2: Poor Keating is set to launch a campaign against Jim
Speaker 2: Chalmers tax and unrealized capital gains. Robert Gottleibsen will join
Speaker 2: me shortly with more details and straight after the break.
Speaker 2: Our defense is not up to fighting condition, but alban
Speaker 2: Easy instead attacks the Messenger.
Speaker 3: Karen Milner and David Gazzard next.
Speaker 2: Well, the leading security think tank has exposed the grim
Speaker 2: reality of our defense force. The head of the Australian
Speaker 2: Strategic Policy Institute.
Speaker 3: Justin Vassi had this.
Speaker 10: Warning, spending a lot of money, as we should on
Speaker 10: these exquisite capabilities that are likely to come to fruition
Speaker 10: in the late twenty thirties twenty forties, like the Orchest submarines.
Speaker 10: But with the world as dangerous as it is, so
Speaker 10: many national security threats, he's a risk that we have
Speaker 10: a gap in the short term.
Speaker 2: Albinizi listening to these smart minds, the brilliant analysts.
Speaker 3: Instead of taking their advice, he went on the attack.
Speaker 18: Well that's what they do, isn't it. Asp I mean, seriously,
Speaker 18: they need to, I think have a look at themselves
Speaker 18: as well, and the way that they conduct themselves and debates.
Speaker 18: We've had a defense strategic review, We've got considerable additional
Speaker 18: investment going into defense.
Speaker 2: The way they conduct themselves in debates. Does that mean
Speaker 2: don't criticize my government in a debate. I mean, this
Speaker 2: is a matter of public interest whether we can defend
Speaker 2: our nation. Albanzi shouldn't be attacking the think tank. And
Speaker 2: by the way, in his comments about someone from a
Speaker 2: former government, he's referring to Justin Bassi, who used to
Speaker 2: work as chief of staff to Foreign Minister Maurice Payne.
Speaker 2: Let's bring in our former Morrison government advisor David Gazzard
Speaker 2: and I'm a shot in Chief of Staff Cameron min
Speaker 2: are good to see you both, Cameron. Quite bizarre to
Speaker 2: attack a credible think tank. Is this another case of
Speaker 2: the Prime Minister's glass jaw?
Speaker 19: Absolutely, Chari it is Albow's glass jaw, and the inconvenient
Speaker 19: truth of someone talking about the fact that our defense
Speaker 19: capability required a virgin pilot to bring in Chinese live
Speaker 19: far exercise. I mean, our defenses are not what they
Speaker 19: should be, especially in an era where things are just
Speaker 19: so dangerous on our doorstep. And sure Ucus is great,
Speaker 19: but why not point out the fact, as Aspy has,
Speaker 19: that we've got a big issue between now and ten
Speaker 19: years time and we need to be able to defend
Speaker 19: ourselves right now. So if it's inconvenient truth for Albo,
Speaker 19: I'm sorry, but he's actually got to listen to the experts.
Speaker 3: Absolutely, especially when it comes to defense.
Speaker 4: David, this is the time we want to ask me.
Speaker 20: I can think of really only two influential think tanks
Speaker 20: that have really punched above their weight over the last
Speaker 20: half decade. One would be the left of center Australian Institute,
Speaker 20: and the other is ASPY. And of course, because it's
Speaker 20: been effective, because it's been influential, it has got up
Speaker 20: the nose of the Chinese. And let's not forget here
Speaker 20: that one of the fourteen egregious demands the Chinese made
Speaker 20: of the Australian government was to defund ASPI exactly for
Speaker 20: the muzzling of the press. And it also called for
Speaker 20: Parliament to stop criticizing China as well as the defunding
Speaker 20: of ASPI, and that is exactly what is occurring. So Australia,
Speaker 20: at a time of great strategic weakness, is defunding at
Speaker 20: the request of China, the one instrument that has been
Speaker 20: probably front and center pointing out where we're strategically weak.
Speaker 4: And where we're strong. At its time we need it.
Speaker 2: Very good points, at excellent points that I want to
Speaker 2: ask you both as Bomber Political Insights, about the shadow
Speaker 2: cab that was just announced yesterday afternoon. And we've been
Speaker 2: reporting on how senior women were demoted. You know, other
Speaker 2: talented people like Dave Sharma weren't given great jobs very
Speaker 2: junior Olds Cameron, you know, as a veteran insider. You
Speaker 2: both know how ministries are put together. I mean, Cameron,
Speaker 2: this is flawed. This is a failure, isn't it.
Speaker 19: Well I'd think so, and I think you've actually got
Speaker 19: to give them a bit of a chance. I mean,
Speaker 19: you know, James Patterson going to finance. I think it's
Speaker 19: an excellent move. James McGrath from you know, from Queen's
Speaker 19: a's very good. Zoe McKenzie coming into the out of ministry.
Speaker 19: So there's some young talent coming through as well, and
Speaker 19: Julian Lessa coming back in as well, So I think.
Speaker 1: There's some good things.
Speaker 19: Look, the reason is that Jane Hume wasn't dump because
Speaker 19: she's a woman.
Speaker 4: She's dump because she's a dud.
Speaker 19: She had work from home, she had Chinese spies, she
Speaker 19: cost seed after seed after seat. So no, if you're
Speaker 19: a dud, you've got to be deleted and gone. It's
Speaker 19: not about gender, it's about capacity and competence.
Speaker 3: David, what do you think?
Speaker 4: I mean?
Speaker 2: Would you agree that Susan Lee has made task even
Speaker 2: harder after enraging so many people?
Speaker 20: It is a tough thing forming a cabinet or a shadow, Well,
Speaker 20: it's always going to be a shadow cabinet when the
Speaker 20: numbers are as low as they are, and you've just
Speaker 20: lost a whole range of talented people, but also you've
Speaker 20: had a very close run leadership battle, so the numbers
Speaker 20: are delicately poised. So you have to make a choice
Speaker 20: between a whole range of things, representation in the states,
Speaker 20: representation of gender, representation of factions. Somewhere down the line
Speaker 20: comes talent, probably not as high as it should be, to.
Speaker 3: Be honest, the problem. That's the problem.
Speaker 20: And then you've got to also balance out who are
Speaker 20: the people who voted for you that you want to
Speaker 20: reward and who are the people that voted for your
Speaker 20: opponent that you don't want to give too much ago,
Speaker 20: Although you've got to keep some in the ten. So
Speaker 20: this was always going to be a fraud exercise. I
Speaker 20: do think there is a crop of young people within
Speaker 20: the coalition's ranks that deserve a go. Some that didn't
Speaker 20: get in at all. But it is good to see
Speaker 20: a group of young people coming through that can can
Speaker 20: form the generational change that I think so desperately needed
Speaker 20: in the coalition.
Speaker 2: I mean, in many respects, the generational changes happened anyway
Speaker 2: because so many people lost their seats, so there's hardly
Speaker 2: anyone left Camerin. I'm interested in your thoughts on Susan
Speaker 2: Lee as a leader. I know you know you're being
Speaker 2: polite and you say let's give it a go or
Speaker 2: the benefit of the doubt.
Speaker 3: But in terms of actually.
Speaker 2: Winning against Albanezi, who none of us here think is
Speaker 2: any good.
Speaker 3: Is she the coalition's best option, Well.
Speaker 4: I don't think.
Speaker 19: I don't think the opposition from now is going to
Speaker 19: defeat Anthony Albanize. The voters will get out Anthony Albanize
Speaker 19: well before the opposition does. And that's the point I
Speaker 19: made in a column the other week about Starmer. Ten
Speaker 19: months in, he's running scared a huge majority, but the
Speaker 19: voters have turned on him midterm, and so I think
Speaker 19: that's what happens first, is is if Albanie lose the
Speaker 19: support of voters, the opposition gets played back into the game.
Speaker 19: And let's not forget the fact that that even under
Speaker 19: Peter Dutton they were ahead until December last year. They
Speaker 19: lost the campaign, but they didn't necessarily lose the voters
Speaker 19: up until the last moment, and obviously very badly.
Speaker 4: Nevertheless, let's still.
Speaker 2: Need a strong and I was saying sorry to interrupt,
Speaker 2: but you still need a strong, incredible opposition leader.
Speaker 3: Otherwise, as in the case with.
Speaker 2: Victoria, where Victorians are so frustrated with their state government,
Speaker 2: but if there's a weak opposition, they've got no one
Speaker 2: to turn to.
Speaker 19: Look, as I say, I think he give susan ago,
Speaker 19: see how she goes, give us some clear air. Peter
Speaker 19: Dutton had that blessing from his cabinet after the Morrison loss.
Speaker 19: So I think she deserves the same chance. And yes,
Speaker 19: if she fails, she needs to go. But if not,
Speaker 19: give her a go.
Speaker 3: All right, Cameron, David, great to see you again.
Speaker 2: Now coming up next, Paul Keating is set to launch
Speaker 2: a campaign against Labour's tax on unrealized capital gains. Robert
Speaker 2: got Leibsen has the story and he joins me after
Speaker 2: this break, welcome back, Well Australia's a legendary economics reporter.
Speaker 2: Robert got Leibsen writes that former Prime Minister Paul Keating
Speaker 2: is white hot with anger over the superttas and plans
Speaker 2: to tax unrealized capital gains.
Speaker 3: He writes that it goes.
Speaker 2: Against our highly prized to prenuation scheme that Keating established
Speaker 2: and got leaps In reports that in due course the
Speaker 2: former Prime Minister and Treasurer will go public with a
Speaker 2: withering blast against charmers, more intense than any ever directed
Speaker 2: to a cabinet minister. Now, please to say, Robert joins me. Now, Robert,
Speaker 2: good to see you. Look, you have written amazing columns
Speaker 2: on this topic, and you're saying that you're concerned that
Speaker 2: there is this campaign building against the Albanezy government. The
Speaker 2: issue is that they have the numbers in the Senate
Speaker 2: to get this through. So do you think that the
Speaker 2: Prime Minister and Treasurer will reconsider their position?
Speaker 1: I don't know. I obviously should do that, but.
Speaker 21: When politicians are locked into a situation that's stupid and
Speaker 21: they've got it wrong, they find it very, very difficult
Speaker 21: to change. And I can't focast that. All I can
Speaker 21: say is that the damage they're going to do to
Speaker 21: the economy and the damage they will particularly do to
Speaker 21: our capital raising ability is it will be severe.
Speaker 2: Now, as I just read there, you're reporting that both
Speaker 2: Paul Keating and Bill Kelty are concerned about this legislation.
Speaker 2: What are their main concerns?
Speaker 21: Well, you have to understand what Paul Keating was trying
Speaker 21: to do with superannuation, and that was to have a
Speaker 21: retirement savings pool of great magnitude. But all people of
Speaker 21: different levels of well and income participated in this exercise.
Speaker 21: Now what he now knows is that about a third
Speaker 21: of the funds, that's the self managed funds, won't put
Speaker 21: up with a tax on unrealized gains and they will
Speaker 21: take their savings elsewhere in due course. And so what
Speaker 21: will happen is exactly what he didn't want to happen.
Speaker 21: That is a superannuation movement that's dominated by the lower
Speaker 21: income and middle income people instead of the whole society.
Speaker 21: And as I understand it, he equates it with many care.
Speaker 21: Everyone uses many cares. Some people get to bog build,
Speaker 21: some get a little bit of rebound, others get more rebound.
Speaker 21: But everyone's in it. And that's his vision of superannuation.
Speaker 21: And that's what Charmers appears to go. Well, he's getting
Speaker 21: destroyed if he keeps going.
Speaker 2: And you're hearing that Keating's as you write white hot
Speaker 2: with anger about this is understated.
Speaker 21: Imagine how would you feel if you'd said up this
Speaker 21: vision and you got it there and it was now
Speaker 21: producing it and a young treasure turns out and he says,
Speaker 21: I'm going to do something really tough on your movement.
Speaker 21: Can you imagine I heard you play some of feetings
Speaker 21: and remarks, or just double those because here is attacking
Speaker 21: the whole vision of this form of treasure.
Speaker 2: And he's been active, he's been speaking to some of
Speaker 2: the industry supervines.
Speaker 21: Is that right, well, yes, of course they probably ring
Speaker 21: him up. The thing is that everybody knows this is
Speaker 21: silly and the only you'd have to think charmers must
Speaker 21: think now at two. But it's as I said you before,
Speaker 21: it's very hard for politicians to understand that. Just take
Speaker 21: you back a little bit as to what they are doing.
Speaker 21: You remember, we agreed it roughly as a community that
Speaker 21: for for income on superannomation balances above three million, it
Speaker 21: should be taxed at thirty percent instead of fifteen percent.
Speaker 21: Now what you and I would have done, and just
Speaker 21: about everyone else in the nation w said, Okay, if
Speaker 21: we're going to do that, we'll tax that second fifteen
Speaker 21: percent will bit of thirty percent, but the same method
Speaker 21: exactly the same methods we use for first thirty fifteen
Speaker 21: percent will apply to a second fifteen percent.
Speaker 1: It makes sense.
Speaker 21: Instead of that, young Jim, what he did was he said, oh, no,
Speaker 21: I'm going to have a new tax. I'm going to
Speaker 21: in that second fifteen percent, I'm going to tax you
Speaker 21: on your unrealized gains. Almost know when the world has
Speaker 21: ever done that. And he then said, the treasury, look,
Speaker 21: estimate how much I'll get, and try gave in that estimate,
Speaker 21: but of course they didn't get count the fact that
Speaker 21: a lot of people are going to leave supernuation and
Speaker 21: in fact the estimates will be wrong over two fo years.
Speaker 21: And so you know, it's the sort of thing you
Speaker 21: shouldn't do, but it's hard to admit mistakes.
Speaker 2: Yeah, and now as you're reporting that this could be
Speaker 2: an unprecedented campaign against the Albanesi government.
Speaker 3: That's united. You know you write this, it's united parts of.
Speaker 2: Industry, Superannuation, the union movement and the business community, a
Speaker 2: combination without precedent. And if the likes of Poor Keating
Speaker 2: and Bill Kelty as well get involved, then perhaps the
Speaker 2: government will be forced to reconsider this because this will
Speaker 2: be an argument against it. I mean, based absolutely on fact,
Speaker 2: but one that there's no question the opposition has not
Speaker 2: had the ability to prosecute Robert.
Speaker 3: I've loved having you on the show.
Speaker 2: Thank you so much for your time and look forward
Speaker 2: to hopefully having you on again to talk about this
Speaker 2: topic as it progresses. And thanks everyone for your company
Speaker 2: this week. I'll see you on Monday at eight o'clock.
Speaker 2: Have a lovely weekend, and here's calebont