Response To Organised White Supremacist Racism 101: compare the pair

On Saturday 5 January 2019 a predominately male, motley band of openly racist people held a rally at St. Kilda Beach in Victoria, during which they expressed their xenophobia and hatred.

The organisers appeared to be members of Australian white supremacist/facist/neo-Nazi/anti-immigration groups.

Including The Lads Society, Antipodean Resistance, The True Blue Crew, Soldiers of Odin and the Proud Boys, Whose combined ranks allegedly hold individuals who have convictions for violence, inciting serious contempt of Muslims, stalking, trafficking, assault, aggravated burglary, arson, affray, riotous behaviour and/or breaching intervention orders, according to media reports.

Nazi symbols featured on clothing worn by some members of these groups, Nazi salutes were frequently given during the rally and anti-Semitic as well as racist taunts were thrown about.

Although one of the rally organisers tries to deny his group's links to Nazi ideology 
and racism, the fact of the matter is that as late as December 2017 the founder of The Lads Society was castigating members for forgetting his game plan is to emulate Hitler by creating a political party with mass appeal, with the words:

"Seriously, just to wrap it up, too, just to wrap it up, the last fucking thing I’ll say is, do you really think that, if Adolf Hitler rose from the grave, if his spirit descended and stood beside you, put his hand on your shoulder, and he surveyed your jackboots with your red laces, and your fucking swastika tattoos, and your abrasive, fuck-the-world attitude, your little syndicate-separatist cult, do you really think he’d be proud of you? Do you really think he would say you’re a true national-socialist, well done? Do you think the man who said all great movements are popular movements and one must adjust himself to the times would be proud of you, would believe in you? Get a fucking clue!" 

There was a second diverse group of people who formed a sing-a-long & community picnic at St. Kilda Beach on the same day, in support of the ethnic and religious minorities that the first group were vilifying.

What has been reported as hundreds of police, including mounted police in riot gear as well as police dog handlers, attended St. Kilda Beach to make sure no violence occurred.

Victorian Police arrested three people who may have been at the beach for the racist rally - one for breaching bail conditions, one for a drug charge and another for possessing a dangerous article.

Independent senator from Queensland and well-known political ratbag, Fraser Anning, flew down to support the racist rally - flying business class and using chauffeured Comcar/s at taxpayers expense.

This was Australian Prime Minister and Liberal MP for Cook Scott Morrison's response to that Saturday at St. Kilda Beach:

This was the Leader of the Opposition and Labor MP for Maribyrnong Bill Shorten's response to that day: 

Now an observant reader may notice that there is something vaguely familiar about Morrison's tweet - a rather uncomfortable similarity to US President Donald Trump's infamous response to the Charlottesville Unite the Right rally, in which he attempted to assert a false equivalence between the white supremacists/neo-Nazis and those protesting against Unite the Right.

This did not go unnoticed in the USA where one political commentator pounced on Morrison's use of the plural "ugly racial protests":

This is the PM of Australia “both siding” it after a Nazi rally.

He is, obviously, a world-class idiot and appeaser. https://t.co/zJ6ryYOyHk

— Keith Olbermann (@KeithOlbermann) January 6, 2019

Then, like Trump, when Morrsion realised that public opinion was running against his false equivalence he tried to retrieve the situation with a statement sent to mainstream media on 7 January - and just like Trump he couldn't quite refrain from hinting that that community picnic was also extremism at work.

"I support entirely the views expressed yesterday by Acting PM Michael McCormack condemning Senator Anning for attending the racist rally in St Kilda and associating himself with extreme and offensive racist views that have no place in our society. He is a repeat offender on these issues. Australians are not anti migrant nor racist. Genuine concerns held by fair-minded Australians about immigration levels, border protection or law and order should not be used as a cover or be hijacked to push hateful and ugly racist agendas. As I did yesterday, I’ll always be prepared to call out extremism in all its forms." [my yellow highlighting]

It seems that when comparing the responses of Morrison and Shorten, Morrison in echoing his hero Trump comes off a very poor second best.

BACKGROUND

The main speaker at the St. Kilda Beach racist rally has a long history of espousing neo-Nazi ideology.

This comment was posted by Cottrell n 2013 expressing the view that a portrait of Hitler should be in every classroom and every school and that his book issued to schoolchildren annually:

And again in 2014:

After Cottrell and the United Patriots Front failed to launch the Fortitude Australia political party in 2016, there appears to be no political party directly associated with the founder of The Lads Society and the alt-right's plan to infiltrate the National Party of Australia is reported to have been unsuccessful to date.

Nevertheless, there are a number of registered political parties that are anti-Islam and anti-immigration which may attract racist, fascist and/or neo-Nazi voters. For example Pauline Hanson's One Nation, Australia First Party (NSW) Incorporated, Rise Up Australia  and Love Australia or Leave. Then there are the deregisterd parties which apparently continue to have a presence on digital platforms, such as the Australian Protectionist Party which was deregistered in 2015.

What did National Party federal ministers know about allegations of water theft & fraud and when did they know it?

Before unlawfully entering federal politics in 2004, Nationals MP for New England Barnaby Joyce was an accountant in St. George, Queensland just 119 km up the Barwon Highway from the extensive Norman cotton farming complex.

As a senator for Queensland he was Shadow Minister for Regional Development, Infrastructure and Water from 25.3.2010 to 14.9.2010 and Shadow Minister for Regional Development, Local Government and Water from 14.9.2010 to 18.9.2013.

He became a Cabinet Minister in the Abbott Coalition Government and Deputy Prime Minister of Australia in the Turnbull Coalition Government.

From 21.9.2015 to 27.10.2017 and then from  6.12.2017 to 20.12.2017 he was also the federal Minister for Agriculture and Water Resources.

Lawfully elected to the Australian Parliament for the first time in the 2017 New England by-election, thereafter he has sat as a National Party backbencher.

Given what we now know about Joyce’s attitude to control of water resources and his favouring of the needs of irrigators over those of dryland farmers and the environment the question must be asked – what did he know about this alleged $20 million fraud and when did he know it?

The same question also needs to be asked concerning current Minister for Agriculture and Water Resources & Nationals MP for Maranoa David Littleproud’s knowledge of this matter.

ABC News, 9 January 2018:

Two senior figures in Queensland cotton conglomerate Norman Farming have been arrested over an alleged $20 million fraud involving federal funds earmarked for Murray-Darling water savings.

Norman Farming CEO John Norman, 43, and his chief financial officer Steve Evans, 53, surrendered themselves at the Brisbane watch house Tuesday morning with their lawyers at their sides.

The men appeared in the Brisbane Magistrates Court Tuesday afternoon and were granted bail.

Police are alleging the rural fraud operation involved the director of the company submitting fraudulent claims, including falsified invoices related to six water-efficiency projects on the southern border property near Goondiwindi, known as Healthy Headwater projects.

Mr Evans will face charges in relation to four of those projects.

Police said the sophisticated fraud spanned seven years.

It has taken the rural arm of the major and organised crime squad more than a year to conduct what Detective Inspector Mick Dowie called, "a very protracted, very complex investigation".

Inspector Dowie said they had to trawl through thousands of documents and call in forensics accountants because of the sheer scale of the activities.

"There has obviously been a significant amount of documentation that's had to be analysed, and the offences particularly relate to the modification of invoices from contractors or service providers to the farming community," he said.

"We'll allege the company contracted harvesters or machinery operators to prepare for farming.

"And [we'll allege] those invoices were modified to show it was actually for earthworks related to the improvement of water efficiency, modified to suit the needs of the claim, and, we will allege, purely fabricated claims for use of machinery to fulfil the needs of the claims."

Norman Farming, a large cotton operation near Goondiwindi in Queensland's southern border region, was raided last October as part of a major criminal investigation, after a long covert operation.

At that time, the ABC's Lateline program reported the agricultural conglomerate was on the market for more than $100 million.

It also reported local farmers' concerns the Healthy Headwaters scheme had failed because there was never any checking of invoices by department officials.

According to Lateline, the Federal Government was made aware of allegations Norman Farming was diverting floodwaters in late 2016.

But the $154 million Healthy Headwaters budget was being administered by Queensland's Department of Natural Resources.

Inspector Dowie said in the department's defence it did not have any power of compulsion like police.

"So they can't force people to hand over documentation like we can, so they can compare original against what is produced," he said…..

BACKGROUND

Excerpt from SA Murray Darling Basin Royal Commission Exhibit

The Guardian, 9 April 2018:

Fraud charges are expected to be laid against one of Queensland’s biggest cotton irrigators, John Norman, within a matter of weeks.

If the trial of the owner-operator of Norman Farming, and former cotton farmer of the year goes ahead, it is likely to draw attention to the links between the irrigator’s family and that of the federal minister for agriculture and water resources, David Littleproud.

If the charges are laid, they will also throw the spotlight on the Queensland government’s failure in administering a key plank of the $13bn Murray-Darling basin plan, how it withheld critical information about the alleged crimes, and how it raises queries as to whether it lied about its own investigation.

For the past 18 months, an expanding team of undercover detectives, cybercrime experts and forensic accountants have been investigating Norman’s business on the Queensland/New South Wales border, an irrigated cotton aggregate stretching 45km north from the McIntyre river.

The investigation has focused on whether Norman Farming misused upwards of $25m in Murray-Darling basin infrastructure funds that were supposed to make the irrigator more efficient and deliver water back to the ailing river system downstream.

The plan for the basin is funded by the commonwealth and administered by state governments. But allegations that the $150m Healthy Headwaters Water Use Efficiency projects in Queensland, part of the MDB plan, lacked any genuinely independent checks on projects, means it may have been left open to corruption.

“It’s been a loosey-goosey slush fund helping irrigators get richer,” according to Chris Lamey, a dry-land farmer who’s seeking compensation from Norman, his neighbour. “It’s achieved the opposite of what was intended. There’s a lot of water not getting into NSW now and it’s backed up in dams next door to me.”

Queensland’s covert police investigation into Norman Farming went public in October 2017, when dozens of major crime squad detectives holding multiple subpoenas fanned out from Goondiwindi in early-morning high-speed convoys, heading across the floodplain to the irrigator’s properties and several of its contractors in and around the border river town.

The first person police met at Norman’s main Kalanga property, according to a source close to the investigation, was a teenage office worker who, when asked where the financial records were kept, explained they had been cleared out only days before by backpackers hired by her boss through a local publican. She took police to a locked shipping container where they had been moved.....

The Sydney Morning Herald, 17 July 2017:

Deputy Prime Minister Barnaby Joyce has stoked the controversy over claims of water theft in NSW aired by the ABC, dismissing the report as a ploy to strip more water off rural communities.

The comments have prompted the South Australian government to call for his removal from the post of federal water minister.

Mr Joyce told a gathering in a pub on Wednesday evening in the northern Victorian town of Shepparton, that it was important the Nationals had taken control of the Murray Darling Basin Plan.

"[We've got] $13 billion invested in it," Mr Joyce said, referring to the plan, according to a recording by the ABC. "We've taken water and put it back into agriculture [ministry] so we can look after you and make sure we don't have the greenies running the show, basically sending you out the back door."

Mr Joyce took aim at the Four Corners investigation broadcast this week that identified apparent rorting by some irrigators of billions of litres in the Barwon-Darling region of northern NSW.

The program stirred national concern and prompted NSW water minister Niall Blair on Wednesday to appoint a former head of the National Water Commission Ken Matthews to conduct an independent probe of the claims.

Mr Joyce downplayed the impact of the alleged water theft at a media conference in Canberra on Wednesday - likening it cattle rustling - before dismissing the claims further at the Shepparton gathering......

The bad news for NSW North Coast regional communities just never ends

According to the Berejiklian Coalition Government’s Transport for NSW  website: The Community Transport Program (CTP) assists individuals who are transport disadvantaged owing to physical, social, cultural and / or geographic factors.  Individuals who do not qualify for other support programs may be eligible for community transport. CTP is funded by the NSW Government and aims to address transport disadvantage at the local level via community transport organisations.

In the Clarence Valley medical specialist services are rather thin on the ground and residents are frequently referred to medical practices and hospital clinics hundreds of miles away.

For communities in the Lower Clarence where a high percentage of the population are elderly people on low incomes this can frequently present a transport problem, as often there is no family member living close by to assist or the person’s peer friendship group doesn’t include anyone capable of driving long distances.

Community transport has been the only option for a good many people.

Until now…..

The Daily Examiner, 8 January 2019, p.3:

The thought of paying $200 for a trip to see her specialist about her medical condition made Yamba pensioner Gloria George glad she was sitting down when she made the call.

The 80-year-old said when she contacted Clarence Community Transport and was told the price to be taken by car to the Gold Coast for a Wednesday appointment, it could have brought on a heart attack.

Mrs George said CCT told her there was a bus service to the Gold Coast that ran on Monday, Wednesday and Friday for $70.

“My appointment was on Tuesday and the clinic I was booked into was not available on the other days,” she said.

“They said they had made cutbacks and the price to be driven to the appointment was $200.

“I’ve got a bad heart problem and I nearly fell over when they told me.

“Who can afford $200 to go to an appointment?”

Mrs George said she still has a licence, but would not feel safe driving to her appointment.

“I think I’ll be able to get a friend to drive me there and take me home again. I hope so,” she said.

The manager of CCT, Warwick Foster, said the price rise for services had come in when the government cut $250,000 from CCT’s funding when the NDIS came in last year.

“We could no longer afford to operate the bus five days a week,” he said. “And we can’t afford to drive people to appointments for the same fee we charge for the bus service.”

Mr Foster said the government subsidy for transport of $31 a trip created a juggling act for CCT to afford its services.

“Each trip, no matter the distance, is subsidised at $31,” he said.

“It doesn’t matter if the trip is across town or to Brisbane, the subsidy is the same....

Adani caught red handed breaking the rules - again

In 2017 the foreign multinational, the Adani Group, was found to have released heavily polluted water into coastal wetlands and the ocean around the Great Barrier Reef World Heritage Area - then lied about it.

Last Sunday it was reported to again be ignoring mining and environmental regulations and very predictably appears to be lying about its actions.

ABC News, 30 December 2018:

Mining firm Adani has unwittingly provided "persuasive" evidence for a Queensland Government investigation into allegedly illegal works on its Carmichael mine site, environmental lawyers say.

The evidence includes specifications of groundwater bores registered by Adani on a government website, which Queensland's Environmental Defenders Office (EDO) said could only be used for prohibited dewatering operations, and not for monitoring as Adani has claimed.

Adani has also confirmed it cleared 5.8 hectares of land when correcting an "administrative error" in its reporting to government, an action the EDO branded unlawful.

A spokeswoman for Adani insisted the company had acted in accordance with its environmental approvals, had not been dewatering for mining operations, and had "cooperated with both relevant State and Commonwealth departments regarding these allegations".

The Department of Environment and Science (DES) began an investigation in September to examine allegations Adani had drilled illegal groundwater bores.

Satellite and drone evidence of drilling was presented to DES by the EDO on behalf of its client, environmental group Coast and Country.

Coast and Country spokesman Derec Davies said the evidence had resulted in an official investigation by the Queensland Government.

"Adani have been caught red handed breaking the law, and then lying about it within official documents," he said.

Dewatering bores are used by miners to prepare for open cut and underground operations.

Conservationists have repeatedly warned that Adani's dewatering plans could threaten the nationally important Doongmabulla Springs.

An Adani spokeswoman said the company had drilled the bores "to take geological samples and monitor underground water levels", which she said was permitted as a stage one activity under its licence.

However, an expert has told the ABC the registrations for five of the bores that appear on a Department of Natural Resources, Mines and Energy website bear the hallmarks of dewatering bores, not monitoring bores.

They show the bores are constructed with steel rather than plastic casing, were considerably thicker than Adani's registered groundwater monitoring bores and ran deeper at 135 to 273 metres.

The bore reports did not include the baseline underground water level or the elevation of each bore, information considered critical for monitoring.

The five registered bores are also ascribed the abbreviation "DWB", commonly used for dewatering bores, instead of "GMB", commonly used for groundwater monitoring bores.

Read the full article here.

Aboriginal Australia discovered the variability of a bright red supergiant star in the shoulder of Orion millennia before Western science did

Journal of Astronomical History and Heritage, 21(1), 7‒12 (2018), Bradley E. Schaefer Department of Physics and Astronomy, Louisiana State University, “YES, ABORIGINAL AUSTRALIANS CAN AND DID DISCOVER THE VARIABILITY OF BETELGEUSE”:

Abstract: Recently, a widely publicized claim has been made that the Aboriginal Australians discovered the variability of the red star Betelgeuse in the modern Orion, plus the variability of two other prominent red stars: Aldebaran and Antares. This result has excited the usual healthy skepticism, with questions about whether any untrained peoples can discover the variability and whether such a discovery is likely to be placed into lore and transmitted for long periods of time. Here, I am offering an independent evaluation, based on broad experience with naked-eye sky viewing and astro-history. I find that it is easy for inexperienced observers to detect the variability of Betelgeuse over its range in brightness from V = 0.0 to V = 1.3, for example in noticing from season-to-season that the star varies from significantly brighter than Procyon to being greatly fainter than Procyon. Further, indigenous peoples in the Southern Hemisphere inevitably kept watch on the prominent red star, so it is inevitable that the variability of Betelgeuse was discovered many times over during the last 65 millennia. The processes of placing this discovery into a cultural context (in this case, put into morality stories) and the faithful transmission for many millennia is confidently known for the Aboriginal Australians in particular. So this shows that the whole claim for a changing Betelgeuse in the Aboriginal Australian lore is both plausible and likely. Given that the discovery and transmission is easily possible, the real proof is that the Aboriginal lore gives an unambiguous statement that these stars do indeed vary in brightness, as collected by many ethnographers over a century ago from many Aboriginal groups. So I strongly conclude that the Aboriginal Australians could and did discover the variability of Betelgeuse, Aldebaran, and Antares.

Keywords: Aboriginal astronomy, variable stars: Betelgeuse, Antares, Aldebaran

Read the full paper at https://arxiv.org/ftp/arxiv/papers/1808/1808.01862.pdf.

Original paper by Duane W. Hamacher, Monash Indigenous Studies Centre, Monash University,  “Observations of red–giant variable stars by Aboriginal Australians” at http://www.aboriginalastronomy.com.au/wp-content/uploads/2019/01/Variable_Stars.pdf?fbclid=IwAR11OnhyKIcvaxcFEJ1n5c0me9_FZtTi6mlNUfSKpa1r2wjgZ-WhMAqHU1s

Both papers are well worth a read by everyone who has ever looked up at the night skies in wonder.

Why proposed offshore mining in the Great Australian Bight matters to all of Australia

The Advertiser, 18 January 2015

BP p.l.c. is a British multinational oil and gas company headquartered in London, UK.

It operates in this country as BP Australia and Chevron.

On 11 October 2016 this multinational corporation announced it was not proceeding with its exploration drilling programme in the Great Australian Bight (GAB), offshore South Australia, in the foreseeable future.

It still owns two oil/gas exploration leases in the GAB.

The Norwegian multinational Equinor formerly Statoil Petroleum also holds two leases in the same area and intends to drill an exploratory well in one of them by October this year.

Last year in October the Morrison Coalition Government offered a new GAB acreage S18-1 for lease, with bids closing on 21 March 2019.

So it is well to remember how Big Oil views Australia…….

The Age, 6 April 2018:

Coastal towns would benefit from an oil spill in the pristine Great Australian Bight because the clean up would boost their economies, energy giant BP has claimed as part of its controversial bid to drill in the sensitive marine zone.

BP, which has since withdrawn the drilling plan, also told a federal government agency that a diesel spill would be considered “socially acceptable”.

BP made the statements in an environment plan submitted to the National Offshore Petroleum Safety and Environmental Management Authority in March 2016.

The company had been seeking to drill two wells off the South Australian coast, raising fears of an environmental disaster akin to BP's 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Documents obtained under Freedom of Information laws, first published by London-based website Climate Home News, showed the government authority had identified serious shortcomings with BPs environment plan.

In a letter to BP, the authority said a number of statements should be removed or supported by analysis. They included BP's claim that “in most instances, the increased activity associated with cleanup operations will be a welcome boost to local economies”.

BP also claimed it had not identified any social impacts arising from the event of a diesel spill and “since there are no unresolved stakeholder concerns ... BP interprets this event to be socially acceptable”.

The Guardian, 6 April 2018:

In 2016, BP released modelling showing a spill could hit land as far away as New South Wales. The letters revealed that BP’s “worst case shoreline oiling scenario predicts oiling of 650km coastline ​at 125 days after the spill, increasing to 750km after 300 days”. Nopsema had raised concerns over BP’s ability to mobilise the people and equipment needed to clean up such a vast expanse of coast.

ABC News, 14 November 2018:

If an oil spill happened in the Great Australian Bight, it could reach as far east as Port Macquarie's beaches, two thirds of the way up the New South Wales coast, according to a leaked draft environment plan obtained by the ABC.

Under a "worst credible case discharge" scenario, more than 10 grams of oil per square metre could wash up on some of Australia's coasts, according to the document authored by Norwegian oil company Equinor.

Maps show coastal areas that could potentially be impacted, from above Sydney to Albany in Western Australia.

Environmental group Greenpeace, which obtained the leaked draft Oil Pollution Emergency Plan, said it was the first time modelling had shown an oil spill could reach so far....

BACKGROUND

Greenpeace, Crude Intentions: Exposing the risks of drilling and spilling in the Great Australian Bight [48 page PDF]

Why has Australian Treasurer & Liberal MP for Kooyong Josh Frydenberg morphed into a frenzied Trump?

“Ultimately, a dollar of tax avoided by high income Australians is an extra dollar of tax paid by all other Australians.” [Australian Labor Party (ALP) policy document Positive plan to help housing affordability]

The Australian Labor Party has put forward a number of policies which limit the degree to which affluent groups in our society can manipulate the tax system.

These tax reform policies will:

* limit negative gearing to investment properties already negatively geared and newly built residential housing. However net income losses on existing negatively geared properties will not be able to be used to offset salary & wage income;

* cease cash refunds for excess dividend imputation credits on which the investor personally paid no tax originally and who has no current tax liability to offset with these credits;

* reduce the discount on capital gains tax from 50 per cent to 25 per cent after the deduction for any capital losses. Some assets and events are exempt from capital gains tax. These include selling your principle home, personal car, personal use assets or selling an asset acquired before capital gains tax was introduced on 20 September 1985. 
According to the Australian Taxation Office if you are an individual rather than a corporation then the Capital Gains Tax Rate is the same as your Income Tax Rate in the applicable year.

These same policies have caused former Deutsche Bank director, current Australian Treasurer and Liberal MP for Kooyong Josh Frydenberg (left) to morph into a frenzied Trump. Pumping out slogans, misrepresentations and sometimes downright political lies on every media platform he can access.

The Australian, 5 December 2018, p.2:

Josh Frydenberg has launched a pre-election assault on Labor’s plan to halve the capital gains tax discount, warning that hundreds of thousands of Australians will be taxed at the “highest rates” in the Western world.

Shifting his focus from Bill Shorten’s proposal to limit negative gearing to new dwellings and the “retiree tax”, the Treasurer yesterday cited government analysis that showed Australians would be taxed up to 36.75 per cent on their capital gains under Labor’s policy, up from 23.5 per cent now….¹

Labor’s 50% increase to capital gains tax will cost jobs, punish those who work hard and save, and give Australia a CGT rate much higher than other advanced economies. pic.twitter.com/W4c3pgcgCt

— Josh Frydenberg (@JoshFrydenberg) January 4, 2019

.@JoshFrydenberg on Labor’s negative gearing: Everybody who owns equity in their home will be worse off under Labor’s policy.

This is a major tax grab by the Labor Party.

MORE: https://t.co/9fyClHfMTo #FirstEdition pic.twitter.com/H0H0WTtFV5

— Sky News Australia (@SkyNewsAust) November 6, 2018

So why is Frydenberg screaming misrepresentations at the top of his lungs, urged on by the Housing Industry Association?²

Could it be because 56.2 per cent of the tax benefits from Negative Gearing go to individuals whose incomes are in the top 20 per cent of Australian incomes and only 5.2 per cent of the tax benefits go to individuals in the lowest 20 per cent of incomes?

Or because est. 75 per cent of tax savings from Capital GainsTax discounts go to the top 10 per cent of high income families?

Perhaps it’s because Self-Managed Super Funds are a major beneficiary of cash refunds for excess dividend imputation credits, with 50 per cent of the benefit to SMSFs accruing to the top 10 per cent of SMSF balances and some funds receiving cash refunds of more than $2.5 million a year?

Likely he’s screaming because all three instances represent how successfully the affluent have gamed the tax system to date and he like most right-wing politicians see such tax manipulation as a right belonging to them and their mates and, therefore have no interest in supporting a fairer distribution of the tax burden.

He also appears to be ignoring the fact that Treasury modelling of these Labor policies shows an increase in federal government revenue by $2 billion over time and, that these same policies have the potential to put downward pressure on property prices in the short-term so that genuine first home buyers might get a foot in the door with more affordable residential housing.

Bottom line is that Labor’s tax reform policies are primarily targeted at investors with a marginal tax rate (including Medicare Levy) of over 45 per cent - which roughly equates with the top 20 per cent of Australian residents with private wealth.

That is, the 'professional' investors/tax avoiders amongst the 1.16 million Australians who according to Credit Suisse in 2017 are millionaires, some many, many times over.

Footnotes

1. KPMG, Demark- Taxation of investment income and capital gains: “Interest and rental income are taxable as investment (or capital) income with a marginal tax of 42 percent (2018).” Denmark's Capital Gains Tax Rate is higher than the worse case scenario of up to 36.75 per cent under Labor which Frydenberg postulates in Para 5 of this post. Therefore Labor would not be imposing "the highest" rates in the Western world'.

2. Australian Government, Treasury, Tax- Negative Gearing/Capital Gains, FOI, 5 January 2018.

    Shadow Treasurer Chris Bowen, A FAIRER TAX SYSTEM: DIVIDEND IMPUTATION REFORM, 13        

                      March 2018.

    Australian Taxation Office,  Individual Income Tax Rates 2018-2019 and CGT assets and exemptions
    National Australia Bank, Calculating and Paying Capital Gains Tax, 
     Domain.com.au, The ‘little known’ tax strategy some millennials use to amass large property portfolios,           23 May 2016.

* Photograph of Josh Frydenberg from msn.com