Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

I'm reminded that the last time the shadow Treasurer tried to cite an example—this time, at the National Press Club—it turned out that the person whom he had based his entire speech around was more than likely exempt or able to access very considerable concessions and carve-outs. The last time he got up here, all puffed up with self-importance, but at the National Press Club, he used an example who was able to access one of these four concessions and carve-outs for small businesses that we are not changing. So you'll forgive me for taking with a grain of salt anything that the shadow Treasurer says when he tries to quote specific examples in the parliament.

Now, when it comes to the changes that the shadow Treasurer is asking me about, I remind him of somebody who said this, and I'm quoting:

There is no intergenerational justice in such preferential arrangements …

That was a quote from an author of a book, who also said in this parliament:

Today it's time to be honest: the tax system is screwing over young Australians … it favours well-off, established interests against those trying to get ahead … people who can predominantly live off of income from their assets can pay very little tax and get discounts on capital gains from increases in asset values.

The same person said:

Young Australians need to demand a fairer tax system, where they aren't the only ones carrying the burden to cover the cost of Australia.

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