WEBVTT - Sharri | 30 June 0:00:01.200 --> 0:00:05.200 Live on Sky News. This is Sharry. 0:00:06.840 --> 0:00:08.160 Good Evening, and welcome to the show. 0:00:08.200 --> 0:00:10.440 I'm Caleb Bond filling in for Sharry Marks and this 0:00:10.480 --> 0:00:13.080 week he's what's coming up on the program tonight. Paul 0:00:13.160 --> 0:00:16.599 Keating's thinly veiled swipe at Labor over their super tax plan. 0:00:17.000 --> 0:00:19.400 He might just be protecting his legacy, but he does 0:00:19.440 --> 0:00:21.960 make some good points. I'll discuss that in just a moment. 0:00:22.280 --> 0:00:24.799 Glaston bree as you just saw, has made headlines for 0:00:24.880 --> 0:00:27.920 all the wrong reasons. This week, Alex Rivtchin will explain 0:00:27.960 --> 0:00:31.480 why chanting death Death to the IDF isn't appropriate at 0:00:31.480 --> 0:00:35.159 a music festival, though I think that's probably pretty self explanatory, 0:00:35.280 --> 0:00:38.600 and as Donald Trump saved TikTok, he seems to think so. 0:00:38.840 --> 0:00:41.440 The US President has announced that he's found a buyer 0:00:41.880 --> 0:00:45.159 for the Chinese owned app Generation Zed. I can imagine 0:00:45.200 --> 0:00:47.680 will be overjoyed, though not so much me. Kosher Garter 0:00:47.800 --> 0:00:51.080 on that a little later. Well, Former Prime Minister Paul Keating, 0:00:51.080 --> 0:00:53.440 as I said before, took a veiled swipe at the 0:00:53.479 --> 0:00:58.160 government today over its tax on unrealized capital gains in superannuation. 0:00:58.760 --> 0:01:01.240 We know he's been private critical, but this is the 0:01:01.280 --> 0:01:04.840 first time, the architect of compulsory super, the man who 0:01:04.880 --> 0:01:08.520 devised and envisaged this system, has taken a public swipe 0:01:08.560 --> 0:01:12.160 at his own party for thirty three years later, basically 0:01:12.200 --> 0:01:17.080 trying to dismantle what he fought for. From tomorrow, July one, 0:01:17.240 --> 0:01:20.319 the compulsory rate of SUPER will increase. 0:01:19.959 --> 0:01:22.360 Half a percent to twelve percent now. 0:01:22.440 --> 0:01:26.160 Keating sent out a statement today that read, tomorrow, thirty 0:01:26.160 --> 0:01:29.240 four years after I nominated a twelve percent wage equivalent 0:01:29.560 --> 0:01:33.840 as the appropriate level of compulsory contribution into superannuation, the 0:01:33.880 --> 0:01:37.839 system finally matures. This means that every young person joining 0:01:37.880 --> 0:01:41.000 the workforce this year will begin and remain at twelve 0:01:41.080 --> 0:01:46.200 percent of superannuation contributions throughout their entire working life. And 0:01:46.240 --> 0:01:49.559 this is where things get interesting, he continued. This level 0:01:49.560 --> 0:01:54.800 of contributions and compound earnings will guarantee personal super accumulations 0:01:54.800 --> 0:01:59.680 in excess of three million dollars at retirement, reducing the 0:01:59.680 --> 0:02:02.480 call on the age pension on the Australian budget to 0:02:02.560 --> 0:02:07.280 two percent of GDP by the twenty fifties. He specifically 0:02:07.360 --> 0:02:11.200 points out that every new employee in the country will 0:02:11.200 --> 0:02:14.160 be on the road to more than three million in 0:02:14.200 --> 0:02:15.320 their super account. 0:02:15.520 --> 0:02:16.880 That is not a coincidence. 0:02:17.200 --> 0:02:21.000 That is Keating taking a veiled but pointed swipe at 0:02:21.000 --> 0:02:24.600 the Albanese government and its Treasurer Jim Charmers, who happens 0:02:24.600 --> 0:02:28.079 to be doctor Charmers, because he did his PhD on 0:02:28.160 --> 0:02:31.120 Paul Keating. Now, the government, of course, is planning to 0:02:31.160 --> 0:02:34.760 increase the superannuation tax from fifteen percent to thirty percent 0:02:34.800 --> 0:02:38.440 on earnings above three million dollars and tax unrealized capital 0:02:38.480 --> 0:02:41.840 gains in those superfunds. That is, if an asset increases 0:02:41.840 --> 0:02:45.040 in value, you pay tax on that quote unquote profit 0:02:45.480 --> 0:02:49.320 even though you haven't actually made any physical money yet. 0:02:49.840 --> 0:02:50.600 And that three. 0:02:50.440 --> 0:02:53.280 Million dollars, as we know, is not indexed. It stays 0:02:53.320 --> 0:02:57.320 at that number in perpetuity. Now, this is the first 0:02:57.360 --> 0:03:00.600 public intervention by the former PM on this issue, but 0:03:00.680 --> 0:03:03.720 he's been privately seething about this for a year. The 0:03:03.760 --> 0:03:07.400 Financial Review reported in August last year that in private 0:03:07.480 --> 0:03:10.720 talks over the past month, mister Keating has told industry 0:03:10.800 --> 0:03:14.400 super executives and union leaders that the government's refusal to 0:03:14.480 --> 0:03:18.040 index the three million dollar threshold to increases in inflation 0:03:18.280 --> 0:03:22.480 is unconscionable. According to people familiar with the discussions who 0:03:22.480 --> 0:03:25.840 spoke to the AFR on the condition of anonymity. The 0:03:25.880 --> 0:03:29.040 paper reported that Keating has said any new tax shouldn't 0:03:29.080 --> 0:03:31.880 kick in until at least five million, not three million, 0:03:32.240 --> 0:03:35.000 and he was particularly worried about the three million dollar 0:03:35.000 --> 0:03:39.120 figure not being indexed. It wrote, in private conversations with 0:03:39.160 --> 0:03:42.240 a wide circle of people, mister Keating suggested that an 0:03:42.360 --> 0:03:47.200 unindexed limit on tax concessional superannuation would condemn super to 0:03:47.280 --> 0:03:50.880 becoming a low to middle income scheme, completely at odds 0:03:50.920 --> 0:03:54.840 with the universal scheme he introduced with the Superannuation Guarantee 0:03:54.840 --> 0:03:59.240 in nineteen ninety two. That is, Superannuation would lose its 0:03:59.320 --> 0:04:03.120 university out which mister Keating apparently regards as key to 0:04:03.160 --> 0:04:07.360 its strength, national appeal and longevity, the same qualities that 0:04:07.360 --> 0:04:10.880 have underpinned Medicare. That could eventually lead to a lack 0:04:10.920 --> 0:04:14.960 of political support and even the scrapping of compulsory superannuation, 0:04:15.080 --> 0:04:19.400 which would destroy Keating's legacy and hurt the superbalances of 0:04:19.480 --> 0:04:23.560 low income earners. The Australian's business columnist Robert got Libson 0:04:23.640 --> 0:04:26.600 wrote last month that according to super funds, Keating was 0:04:26.680 --> 0:04:30.840 quote unquote white hot with anger. He wrote a number 0:04:30.880 --> 0:04:33.600 of those funds now believe, as a result of receiving 0:04:33.640 --> 0:04:36.560 an air full of that keating anger, that in due 0:04:36.560 --> 0:04:40.000 course the former prime Minister and Treasurer will go public 0:04:40.320 --> 0:04:44.600 with a withering blast against charmers, more intense than ever 0:04:44.680 --> 0:04:49.400 directed to a cabinet minister. Now, today's statement wasn't a 0:04:49.400 --> 0:04:52.640 withering blast, but it was a shot across the bow. 0:04:53.080 --> 0:04:56.680 He fired the warning shot got Libson also wrote that 0:04:56.800 --> 0:05:00.000 former ACTU President Bill Kelty, an other of the US 0:05:00.000 --> 0:05:03.240 the architects of compulsory super, was likely to come out 0:05:03.240 --> 0:05:06.480 publicly and he since has a Fortnight Ago he told 0:05:06.480 --> 0:05:10.039 The Australian that I think taxing unrealized capital gains is 0:05:10.120 --> 0:05:14.640 bad policy. It distorts the effective tax changes your income flows. 0:05:14.960 --> 0:05:17.719 And if it was on superannuation generally there would be 0:05:17.720 --> 0:05:21.960 a revolution about it. It would destroy Super. Of course, 0:05:22.080 --> 0:05:24.400 Labor argues this as just a tax on the rich 0:05:24.480 --> 0:05:27.279 because it kicks in a three million, But as Kelty says, 0:05:27.680 --> 0:05:32.479 bad policy is bad policy for rich or poor, and 0:05:32.520 --> 0:05:36.120 this is the most important element of keeping statement today. 0:05:36.640 --> 0:05:39.040 This is not just a tax on the rich. It 0:05:39.120 --> 0:05:42.560 is a tax that will affect average income earners in 0:05:42.720 --> 0:05:45.919 just a few decades. The government well knows that bracket 0:05:45.920 --> 0:05:50.480 creep has helped generate record tax revenue in the past decade. 0:05:50.520 --> 0:05:54.080 Ten years ago, income tax receipts were two hundred and 0:05:54.120 --> 0:05:58.360 fifty eight point eight billion dollars. This financial year, according 0:05:58.360 --> 0:06:01.159 to the budget, there'll be four hundred and ninety seven 0:06:01.200 --> 0:06:05.799 point six billion dollars. That's ninety two point three percent 0:06:06.120 --> 0:06:09.640 more than a decade ago, nearly double, and it's also 0:06:09.760 --> 0:06:12.200 one and a half billion dollars more than was predicted 0:06:12.520 --> 0:06:15.760 in the mid year economic update, and over the forward estimates. 0:06:16.120 --> 0:06:19.000 Next financial year, it'll be five hundred and twenty two 0:06:19.040 --> 0:06:22.839 point seven billion, twenty twenty six, twenty seven, five hundred 0:06:22.880 --> 0:06:25.080 and forty seven point five to two billion, twenty seven 0:06:25.120 --> 0:06:28.200 to twenty eight, five hundred and seventy billion, twenty eight 0:06:28.200 --> 0:06:31.120 twenty nine, three hundred and five point three five billion, 0:06:31.440 --> 0:06:35.479 nearly one hundred and eight billion dollars more in income 0:06:35.560 --> 0:06:40.239 tax receipts over the next four years. This has become 0:06:40.279 --> 0:06:44.520 the dirty secret of successive federal governments. Inflation and pay 0:06:44.600 --> 0:06:47.800 rises naturally increase wages, but the tax rates don't move 0:06:47.839 --> 0:06:51.559 so proportionately, you end up paying more income tax without 0:06:51.560 --> 0:06:55.560 the government effectively raising taxes. Let's not forget that sham 0:06:55.680 --> 0:06:58.719 tax cut that Doctor Chalmers announced in the budget before 0:06:58.760 --> 0:07:01.800 the election that the lowest tax bracket of sixteen percent 0:07:01.960 --> 0:07:04.960 would drop to fifteen percent on July one next year 0:07:05.400 --> 0:07:08.480 and fourteen percent in twenty twenty seven. Now, that's meant 0:07:08.480 --> 0:07:11.880 to cut two hundred and sixty eight dollars from your 0:07:11.920 --> 0:07:14.680 tax in twenty twenty six twenty seven, which has equal 0:07:14.720 --> 0:07:16.800 to about five dollars a week a cup of coffee 0:07:16.800 --> 0:07:19.000 if you're lucky, and that's meant to increase to five 0:07:19.000 --> 0:07:22.480 one hundred and thirty six dollars in twenty seven twenty eight. Now, 0:07:22.800 --> 0:07:25.600 the most recent data collected by the Australian Bureau of 0:07:25.600 --> 0:07:29.480 Statistics from August last year put median weekly earnings at 0:07:29.520 --> 0:07:32.640 one thousand, three hundred and ninety six dollars. So that 0:07:32.680 --> 0:07:35.200 comes to seventy two thousand, five hundred and ninety two 0:07:35.320 --> 0:07:38.280 dollars a year. And if you received a pay rise 0:07:38.320 --> 0:07:40.560 of three percent this year, which is in line with 0:07:40.640 --> 0:07:44.200 the budget's forecast for the wage price index this financial year, 0:07:44.240 --> 0:07:47.200 that of course ends tomorrow, you'd now be earning seventy 0:07:47.200 --> 0:07:50.320 four thousand, seven hundred and eighty dollars, on which you'd 0:07:50.320 --> 0:07:53.920 pay fourteen thousand, seven hundred and eighteen bucks of tax. 0:07:54.440 --> 0:07:57.080 Wages are predicted to rise by three and a quarter 0:07:57.120 --> 0:07:59.840 percent next financial year, so that to take the median 0:08:00.800 --> 0:08:04.080 tick over seventy seven thousand, on which they'd pay fifteen 0:08:04.120 --> 0:08:06.560 and a half thousand dollars in tax. And in twenty 0:08:06.600 --> 0:08:09.280 twenty six to twenty seven that financial year, which is 0:08:09.320 --> 0:08:12.600 when you get that first tax cut, wages a fore 0:08:12.640 --> 0:08:14.880 cast to go up another three and a quarter percent, 0:08:15.240 --> 0:08:19.120 which will put the median wage annually at seventy nine thousand, 0:08:19.560 --> 0:08:23.320 seven hundred and fifteen dollars. Now, under the current tax regime, 0:08:23.560 --> 0:08:26.680 you'd pay sixteen thousand, two hundred and ninety seven in tax. 0:08:27.160 --> 0:08:30.000 Doctor Chalmers nice man that he is well not two 0:08:30.120 --> 0:08:32.600 hundred and sixty eight bucks off that, So that brings 0:08:32.600 --> 0:08:36.480 it to sixteen thousand and twenty nine dollars. So, despite 0:08:36.520 --> 0:08:38.400 being told you'll get a two hundred and sixty eight 0:08:38.440 --> 0:08:43.240 dollars tax cut tax cut, the average Australian will actually 0:08:43.280 --> 0:08:46.640 be paying one thousand, three hundred and eleven dollars more 0:08:46.679 --> 0:08:50.600 income tax when this alleged tax cut kicks in than 0:08:50.600 --> 0:08:54.200 they are today and that is why they don't want 0:08:54.240 --> 0:08:58.199 to index the increased tax rate on superannuation, because they 0:08:58.280 --> 0:09:01.880 know more and more people will eventually fall into this 0:09:01.960 --> 0:09:04.600 three million dollar category and they will cree more and 0:09:04.679 --> 0:09:09.120 more money off the top until eventually average income earners 0:09:09.440 --> 0:09:12.839 are included. That is the plan. It is part of 0:09:12.960 --> 0:09:16.360 the deal. If it wasn't the plan, that have included 0:09:16.720 --> 0:09:19.800 indexation from the start. I know the Treasury said, oh, well, 0:09:19.840 --> 0:09:22.160 a future government can deal with that in the future. 0:09:22.559 --> 0:09:24.480 They want a future government to deal with it. They 0:09:24.480 --> 0:09:27.760 could do it now, but they choose not to because 0:09:27.800 --> 0:09:31.080 they want the money. So let's hope this isn't the 0:09:31.160 --> 0:09:34.320 last we hear from keeping on this. As I said before, 0:09:34.360 --> 0:09:36.920 he's fired the first shot, but now he has to 0:09:37.000 --> 0:09:39.679 keep up the fight because the only people who can 0:09:39.760 --> 0:09:43.280 possibly convince doctor Chalmers to change course are those in 0:09:43.320 --> 0:09:50.600 the Labor Party itself. That it's nearly two years ago 0:09:50.679 --> 0:09:53.880 that sixty percent of Australians voted no to an Indigenous 0:09:54.000 --> 0:09:56.600 voice to Parliament, but we know states have pressed on 0:09:56.679 --> 0:09:59.600 with their own ideas. South Australia has its own voice. 0:10:00.120 --> 0:10:02.440 Victoria is going to entrine one in law. As we 0:10:02.559 --> 0:10:06.000 found out from the Premier Dissenter Allen today. Now their 0:10:06.040 --> 0:10:08.960 thing will be called the First People's Assembly, which it 0:10:08.960 --> 0:10:12.080 does already exist. It's a private, not for profit company 0:10:12.080 --> 0:10:15.320 that's been around since twenty nineteen that was designed to 0:10:15.320 --> 0:10:18.959 represent Indigenous people in negotiations with the state government over 0:10:19.000 --> 0:10:21.800 a treaty, which is another thing that shouldn't happen. But 0:10:22.240 --> 0:10:25.440 now Allan says this should be a permanent part of 0:10:25.520 --> 0:10:29.080 government in Victoria, and she was asked the obvious today, 0:10:29.520 --> 0:10:31.040 didn't we say no to the boys? 0:10:32.559 --> 0:10:36.360 The key difference to the referendum that was put nationwide 0:10:36.360 --> 0:10:39.120 a couple of years ago is that was changing the constitution. 0:10:39.840 --> 0:10:43.920 This is not changing the Victorian constitution. It's simply taking 0:10:44.000 --> 0:10:47.560 a common sense approach sitting the First People's Assembly, an 0:10:47.600 --> 0:10:53.840 ongoing representative body into our existing parliamentary structures. But the 0:10:53.880 --> 0:10:56.719 significant change is it'll be a body where we will 0:10:56.760 --> 0:10:59.360 be listening taking on their advice. 0:11:00.920 --> 0:11:05.440 It's not in the constitution, therefore its common sense. I'm 0:11:05.480 --> 0:11:08.839 not quite sure I follow. Alan also refused to answer 0:11:08.920 --> 0:11:12.240 questions today about what powers this voice would have, but 0:11:12.280 --> 0:11:14.560 the expectation is that it will be much the same 0:11:14.600 --> 0:11:17.120 as the one in South Australia. Which means it'll be 0:11:17.120 --> 0:11:19.640 able to have a say in all laws and government 0:11:19.679 --> 0:11:24.480 policies that affect Indigenous Victorians. But of course every law 0:11:25.000 --> 0:11:28.760 and every policy affects Indigenous Victorians because. 0:11:28.800 --> 0:11:31.360 All laws affect all people. So that would. 0:11:31.160 --> 0:11:35.360 Effectively give them carte blanche to interfere in absolutely anything 0:11:35.400 --> 0:11:38.000 and everything that it wants to. When they had the 0:11:38.040 --> 0:11:41.840 first election of the first People's Assembly in twenty nineteen, 0:11:42.160 --> 0:11:44.679 which is only open to Aboriginal people, as I'm sure 0:11:44.679 --> 0:11:48.800 you understand, only two thousand people voted. They had another 0:11:48.840 --> 0:11:51.960 election in twenty twenty three, and wow, they managed to 0:11:52.000 --> 0:11:55.400 double the number of voters to four thousand, two hundred. 0:11:55.840 --> 0:12:00.200 That's ten percent of the Aboriginal voting population in Victoria. 0:12:00.720 --> 0:12:05.480 Ninety percent did not vote. And meanwhile, thirty three people 0:12:05.760 --> 0:12:09.000 are put on this body at a minimum of ninety 0:12:09.080 --> 0:12:13.880 six thousand, nine hundred and forty six thousand dollars each 0:12:14.760 --> 0:12:20.000 nearly one hundred thousand dollars each a year, at least. 0:12:20.400 --> 0:12:23.280 For one or two days work a week. 0:12:23.600 --> 0:12:26.280 That's what it said when they sent out the application 0:12:26.440 --> 0:12:30.640 forms for twenty twenty three. And Jacinta Allen wants to 0:12:30.800 --> 0:12:33.600 enshrine this thing in law I mean on a pro 0:12:33.760 --> 0:12:37.200 rata basis. These people, some of them elected on buggrual votes, 0:12:37.720 --> 0:12:40.200 are paid more than an MP. I mean, if they're 0:12:40.200 --> 0:12:43.640 doing one day a week pro rata, they're earning more 0:12:43.640 --> 0:12:47.640 than the premiere. For God's say, gee whiz. This isn't equality, 0:12:47.840 --> 0:12:52.280 this isn't reconciliation. It's division. It's racism. It is a 0:12:52.400 --> 0:12:57.120 separate and well funded class of people. How much money 0:12:57.320 --> 0:12:59.679 do you think flows through to the communities, the people 0:13:00.240 --> 0:13:02.640 who really should have it. But if you're one of 0:13:02.679 --> 0:13:06.160 the privileged thirty three on this body, one hundred k 0:13:06.320 --> 0:13:08.240 a year and they want to enshrine this in law, 0:13:08.640 --> 0:13:17.280 what a joke. For more on Nervous Business with Paul Keating, 0:13:17.280 --> 0:13:19.640 I'm joined now by Sky News host Joe Hildebrand on 0:13:19.679 --> 0:13:22.839 the desk and the Institute of Public Affairs Saxon Davidson. 0:13:23.280 --> 0:13:26.320 Joe, it seems pretty clear that Keating. 0:13:26.040 --> 0:13:29.079 Is not happy with the direction that well we all 0:13:29.120 --> 0:13:32.520 thought he is a great fan. Dr Chalmers is going 0:13:32.640 --> 0:13:34.280 and as I said before, it's the first time he's 0:13:34.320 --> 0:13:36.120 publicly said anything about this. 0:13:36.400 --> 0:13:36.600 Yeah. 0:13:36.600 --> 0:13:38.760 Look, Paul Keating blowing up is one of the great 0:13:38.840 --> 0:13:41.640 time on a traditions of Australian politics, and people in 0:13:41.679 --> 0:13:44.000 the Labor Party are obviously very used to it. They 0:13:44.000 --> 0:13:45.680 always listen to what he has to say, but they 0:13:45.760 --> 0:13:48.520 also take it with a grain of salt. I actually 0:13:48.600 --> 0:13:51.679 think when Paul Keating and Bill Kelty and people from 0:13:51.720 --> 0:13:53.600 that generation who I do think was the sort of 0:13:53.800 --> 0:13:57.400 greatest generation of Labor Party leaders, I think you do listen, 0:13:57.440 --> 0:14:00.880 and you should listen. I'm surprised that the government is 0:14:00.920 --> 0:14:04.000 being quite so stubborn on this issue. It strikes me 0:14:04.160 --> 0:14:06.760 that this is a policy that you could very easily 0:14:07.160 --> 0:14:10.080 just get rid of all the kinks, blast away all 0:14:10.120 --> 0:14:13.199 the opposition simply by carving out things like the family 0:14:13.240 --> 0:14:16.000 farm or small family businesses if you're investing in your 0:14:16.040 --> 0:14:20.400 own business, and also indexing it. And the Greens have 0:14:20.480 --> 0:14:23.360 actually suggested the Greens want to lower it to two million, 0:14:23.440 --> 0:14:26.480 so we don't do that. They're crazy little trots, but 0:14:26.520 --> 0:14:29.000 they've suggested indexing it as well. And you know, when 0:14:29.000 --> 0:14:32.200 the Greens are kind of being a bit more sensible 0:14:32.320 --> 0:14:35.200 than Dare I say it, I can't say it, but 0:14:36.080 --> 0:14:38.840 you know this is something you know, you shouldn't really 0:14:38.880 --> 0:14:40.400 die in a ditch over. So I think there's a 0:14:40.400 --> 0:14:42.160 bit of sort of there's a bit of pride I 0:14:42.160 --> 0:14:43.840 think the treasurer has where it's sort of, you know, 0:14:44.240 --> 0:14:46.920 doesn't want to compromise. But after pride, as a good 0:14:46.920 --> 0:14:49.120 book says, comes to fall, and. 0:14:49.120 --> 0:14:50.440 Let's not forget sex. 0:14:50.480 --> 0:14:54.720 And that he was Paul Keating basically the last great 0:14:54.880 --> 0:14:59.280 reforming economic treasurer we had in this country, and of 0:14:59.280 --> 0:15:01.960 course the guest he came in under Howard and Alden Costillo, 0:15:02.040 --> 0:15:05.480 but there were significant changes made by Hawk and Keating. 0:15:05.720 --> 0:15:09.280 He understands the superannuation system what it was designed to do, 0:15:09.360 --> 0:15:12.800 because he designed it better than anyone else. If he's 0:15:12.840 --> 0:15:16.680 saying this could potentially destroy superannuation in the long run, 0:15:16.960 --> 0:15:17.400 you think the. 0:15:17.440 --> 0:15:22.920 Labor Party would take some notice. You would absolutely think so. 0:15:23.160 --> 0:15:25.920 And Paul Keating is right to question the nature of 0:15:26.000 --> 0:15:29.680 these changes, particularly because it's unfair to the first real 0:15:29.720 --> 0:15:33.360 beneficiaries of superannuation that you're going to change it in 0:15:33.360 --> 0:15:37.080 this matter, and also unfair to future generations. This change 0:15:37.480 --> 0:15:41.680 basically embeds bracker creep into super in the same way 0:15:41.760 --> 0:15:45.840 that it is embedded into income tax. It's anti aspirational, 0:15:45.880 --> 0:15:49.440 it's against the basic tenants of super that it's supposed 0:15:49.480 --> 0:15:53.120 to benefit you after you retire, not in double basically 0:15:53.160 --> 0:15:56.680 the tax on people over three million dollars. But this will, 0:15:56.680 --> 0:15:59.960 of course, because it's embedding bracker creep, this will own 0:16:00.360 --> 0:16:04.880 increase the tax base of super and unfairly tax future 0:16:04.920 --> 0:16:06.040 generations of Australians. 0:16:06.280 --> 0:16:09.040 Indeed, let's hope Keating doesn't give it up now. It 0:16:09.240 --> 0:16:11.760 was the best story going around last week. This street 0:16:11.800 --> 0:16:15.520 sweeper in Melbourne who successfully challenged his sacking from DARREBN 0:16:15.560 --> 0:16:18.960 Council for objecting to acknowledgment of country for a toolbox meeting. 0:16:18.960 --> 0:16:21.800 For heaven's sake, well, James McPherson, he's filling in on 0:16:21.840 --> 0:16:23.600 Andrew Bolt this week. Of course, my mate from the 0:16:23.680 --> 0:16:25.880 late debate, he tracked him down this evening. 0:16:25.920 --> 0:16:26.440 Take a look. 0:16:28.000 --> 0:16:33.040 I just thought it was overdoing it, like we're at 0:16:33.040 --> 0:16:38.160 a toolbox meeting, no special occasion or anything like that, 0:16:38.240 --> 0:16:41.440 and I just thought it's getting overdone, Like. 0:16:43.000 --> 0:16:45.720 If you gain eight meetins. 0:16:45.480 --> 0:16:48.560 You're probably going to get acknowledgment of the countries. 0:16:49.600 --> 0:16:50.240 And he's right. 0:16:50.360 --> 0:16:53.640 A new IPA survey has found that fifty six percent 0:16:53.680 --> 0:16:57.840 of people think welcomes to country have become divisive. Saxon, 0:16:57.880 --> 0:17:00.880 of course you are at the IPA. You commissioned this 0:17:01.120 --> 0:17:02.760 polling no great surprise. 0:17:02.880 --> 0:17:04.160 I think this result. 0:17:06.560 --> 0:17:07.080 Not at all. 0:17:07.440 --> 0:17:10.240 Australians don't want to be divided by race, and this 0:17:10.359 --> 0:17:13.760 pole just reinforces that belief. We obviously saw that sixty 0:17:13.800 --> 0:17:17.159 percent of Australians rejected the Voice to Parliament in every 0:17:17.200 --> 0:17:20.639 state plus the Northern Territory, and we just saw a 0:17:20.720 --> 0:17:22.960 very similar result with this polling. Fifty six percent of 0:17:23.000 --> 0:17:26.800 Australians believe that that welcome and acknowledgment of countries is divisive, 0:17:26.840 --> 0:17:27.720 because how could. 0:17:27.480 --> 0:17:27.879 It not be. 0:17:27.960 --> 0:17:30.480 You're being welcomed to your own country. 0:17:31.080 --> 0:17:33.399 And I just think that people have just had a 0:17:33.440 --> 0:17:36.000 gutful of this racial divisionness in this country. And I 0:17:36.000 --> 0:17:39.440 think that the states that are continuing to pursue Voice 0:17:39.480 --> 0:17:41.520 to Parliaments like we've just seen in Victoria and that 0:17:41.560 --> 0:17:44.080 we saw with South Australia should stop it because the 0:17:44.080 --> 0:17:47.119 Australians had their say, they don't want this, and it 0:17:47.160 --> 0:17:48.200 should stop immediately. 0:17:48.640 --> 0:17:50.600 I know you and I talked about this last time 0:17:50.640 --> 0:17:52.800 on a Sunday Showdown, Joe, but it's just. 0:17:53.000 --> 0:17:55.160 It's at the point now everyone is sick of it. 0:17:55.720 --> 0:17:58.919 Just wind it back, you use it judiciously where it 0:17:59.000 --> 0:18:02.719 feels a pro pre it and otherwise don't do it. 0:18:02.760 --> 0:18:04.640 People won't complain if they don't feel like what they're 0:18:04.680 --> 0:18:05.000 being like. 0:18:05.760 --> 0:18:08.760 I noticed that Saxon is conveniently ignoring the very strong 0:18:08.800 --> 0:18:11.280 showing the voice Scott in the act and a number 0:18:11.320 --> 0:18:15.080 of teal seats which are suffering from the most tremendously 0:18:15.080 --> 0:18:18.480 acute Indigenous disadvantage in the country. I mean, the poor 0:18:18.520 --> 0:18:22.119 Indigenous community of Double Bay is I mean, you can 0:18:22.400 --> 0:18:26.440 me they're so they're so disadvantaged you can't even see them. 0:18:27.320 --> 0:18:30.920 It's just white people everywhere. I mean, that's that's colonization 0:18:31.040 --> 0:18:31.719 for you, isn't it. 0:18:32.040 --> 0:18:35.080 I did once ride in a column many years ago 0:18:35.520 --> 0:18:37.560 that the closest many of these people who carry on 0:18:37.600 --> 0:18:40.240 about Indigenous afees have ever been to an Aboriginal person 0:18:40.560 --> 0:18:42.840 is being in their beamer and dad. 0:18:43.119 --> 0:18:44.920 And I think that is exactly the point. The point 0:18:44.960 --> 0:18:46.600 is that this has become a sort of performance. I 0:18:46.600 --> 0:18:49.080 don't find it device or offensive or anything like that. 0:18:49.119 --> 0:18:52.480 And perhaps ironically, given what sort of started the latest 0:18:52.480 --> 0:18:54.840 iteration that I think probably a welcome to country on 0:18:54.880 --> 0:18:57.480 Anzac Day is one of the more profound occasions where 0:18:57.520 --> 0:19:00.880 you could do it. But the idea that you somehow 0:19:00.920 --> 0:19:03.760 sort of absolve all your white guilt just by saying 0:19:03.800 --> 0:19:05.840 a few words that you're reading from a bit of 0:19:05.840 --> 0:19:07.920 paper in front of you at the start of every 0:19:08.160 --> 0:19:10.680 HR meeting or every you know, I mean, what does 0:19:10.720 --> 0:19:14.280 that do? I think whenever you're looking at indigenous policy, 0:19:14.359 --> 0:19:17.400 there is a terrible gap that terrible things have been done, 0:19:17.440 --> 0:19:19.960 often unintentionally, but we've got to acknowledge there is a 0:19:19.960 --> 0:19:22.480 massive gap that we've got to fix. And every single 0:19:22.480 --> 0:19:24.720 thing you do in this area, you should just be thinking, right, 0:19:25.160 --> 0:19:25.720 what good. 0:19:25.680 --> 0:19:26.399 Is this going to do? 0:19:26.880 --> 0:19:29.000 What is what problem is this going to fix? How 0:19:29.040 --> 0:19:31.679 is it going to fix it? Anything that doesn't do 0:19:31.800 --> 0:19:34.080 anything is just a waste of time and space. 0:19:34.160 --> 0:19:35.760 I think it probably does as much good as giving 0:19:35.800 --> 0:19:37.760 thirty three people one hundred k each to sit on 0:19:37.800 --> 0:19:39.080 their first people's well Again. 0:19:39.119 --> 0:19:40.800 I think you'll find that these are often the people 0:19:40.840 --> 0:19:43.720 who are the least disadvantage indigenous community. 0:19:45.080 --> 0:19:47.440 The Daily Telegraph had this story today that the only 0:19:47.520 --> 0:19:50.000 money in the New South Wales state budget to combat 0:19:50.040 --> 0:19:53.439 smoking was two point four million dollars for vaping. The 0:19:53.480 --> 0:19:56.320 paper reports that the money quote has been set aside 0:19:56.320 --> 0:19:59.320 this year in the budget to maintain the government's pave 0:19:59.520 --> 0:20:02.720 app platform, designed to help young people quit vaping. I 0:20:03.040 --> 0:20:05.240 didn't know there was such a thing, Joe, you're a 0:20:05.320 --> 0:20:07.160 vapor I'm not sure. 0:20:06.400 --> 0:20:10.920 I'm zero point one percent of Australians who actually purchased 0:20:10.960 --> 0:20:13.680 their legally. 0:20:14.520 --> 0:20:16.280 And that's the real problem, right, you know. 0:20:16.400 --> 0:20:18.919 I'm sure they're with this app for vaping or whatever, 0:20:18.960 --> 0:20:22.440 but you can't tackle the problem for as long as 0:20:22.440 --> 0:20:25.440 the federal government allows legal tobacco to flood into the 0:20:25.440 --> 0:20:27.720 country because their exercis is too high, and they won't 0:20:27.720 --> 0:20:28.400 regulate vapor. 0:20:28.480 --> 0:20:28.800 That's right. 0:20:28.800 --> 0:20:31.360 I think you're looking at two labor governments on two 0:20:31.359 --> 0:20:35.040 different sides of the Labor Party. One is more ideologically 0:20:35.119 --> 0:20:37.240 driven and is trying to do the right thing, but 0:20:37.400 --> 0:20:40.160 is actually making the problem worse in pursuing it because 0:20:40.160 --> 0:20:42.720 it is driven by ideology and not by pragmatism. And 0:20:42.760 --> 0:20:44.840 then you've got another in the New South Wales government, 0:20:45.040 --> 0:20:48.760 which is purely practical, which is unclouded by any kind 0:20:48.760 --> 0:20:51.480 of ideology, and they clearly have seen that it's just 0:20:51.600 --> 0:20:53.720 not working and they are just sitting this one out. 0:20:53.800 --> 0:20:57.520 They are just quiet quitting on this one and they've 0:20:57.600 --> 0:20:59.600 just decided they're not going to throw cops at it 0:20:59.640 --> 0:21:02.840 when they could be busting other criminals, and not showing 0:21:02.880 --> 0:21:05.480 to throw millions of dollars when they not won't work. 0:21:05.640 --> 0:21:07.120 But they have to do a kind of, you know, 0:21:07.320 --> 0:21:09.480 a token thing to show they're sort of on board. 0:21:10.040 --> 0:21:12.120 And this is what really annoys me about it, sex 0:21:12.520 --> 0:21:16.520 is that it's not the state's fault that illicit tobacco 0:21:16.600 --> 0:21:18.840 has exploded in this country. It's the fault of the 0:21:18.880 --> 0:21:22.480 federal government who jacked up the excise and refused to 0:21:22.480 --> 0:21:25.320 properly regulate vapes, and then the states are meant to 0:21:25.400 --> 0:21:27.600