Part 7/8:
Underlying this debate is a stark reality. Australia faces only two viable avenues for recovery: boost productivity or raise taxes. Unfortunately, the prevailing narrative suggests the inclination leans heavily toward the latter, with policymakers more comfortable implementing incremental tax hikes than undertaking the difficult work of reducing government size, reforming unions, or fixing the energy sector.
The question remains: if the government had credible policies that could genuinely enhance growth, wouldn’t those have been showcased during the election campaign? Instead, the emphasis appears to be on the easier route—tax increases disguised as reforms.