Well, the budget was a great song and dance about very little. It wound back a 27-year-old Howard freebie to the rich, middle-aged which should never have been given in the first place and brought negative gearing and trusts into line with most other developed countries.
What a sorry state Australia is in if that is called major reform. It was just one wind-back of myriad egregious Howard government handouts to mainly male, middle-aged or elderly, wealthy people. It was not reform - unless it is the first part of a project to unwind the 30-year dominance of economic "rationalism" that took so much wealth from the collective many and put it into the hands of the well-off few.
That resulted in higher taxes on labour, lower taxes on capital and the greater inequality that has manifested itself with so much resentment and discontent.
