Tyron Whitten (WA, Pauline Hanson's One Nation Party) Share this | Link to this | Hansard source

With the federal budget bearing down, Labor are cracking, panicking and coming apart at the seams under the weight of their own economic wreckage. The policy leaks are flooding out. They are broke, busted, and coming for your money.

Right at the top of their list is the CGT discount. Labor are eyeing a return to indexing, or slashing it to 33 or 25 per cent, or just abolishing it altogether, all of it dressed up as 'fixing the housing crisis'—the very crisis they created with their mass-immigration Ponzi scheme.

But Labor are too arrogant to consider why the CGT discount even exists. The Ralph review introduced it to stop investors locking up assets forever because the tax was too punitive. Now Labor want to bring that disaster back, guaranteeing fewer properties on the market, fewer new builds and a rental crunch that will send prices and rents through the roof, while they keep flooding the country with hundreds of thousands of new arrivals every year.

And it doesn't stop at housing. Shares, crypto, gold—the investments young Australians use to actually get ahead—are being eyed off by Labor too. They will take an even bigger slice of whatever meagre gains our kids manage to scrape together with their overtaxed pay cheques.

Labor cannot control their spending, so they are coming for your and your children's money. They refuse to admit that their open-border madness is the real driver of the housing explosion. Then they punish the very properties that they've inflated with even more taxes. After all that destruction, they'll stand up with straight faces and tell young people, 'We did this for you.'

To every young Australian watching this: Labor are not on your side. They're actively destroying your future. They are pricing you out of the Australian dream. Do not fall for Labor's tax grabs. They have failed at every level of economic management. It's time to fight back, for yourselves and the next generations.