Tax

We desperately need tax reform in this country and fixing bracket creep for good would be an excellent feather for Chalmers to put in his rather empty reformist cap.

I'm honestly not sure why Albo was willing to risk so much political capital on a relatively small distributional change just to get his very own Oprah moment. But the whole stage 3 tax cut song and dance is a recurring sideshow to a much, much deeper issue: bracket creep.

Ah, the age-old question: does money buy you happiness? The general consensus is yes – to an extent. For example, surely the happiness a person gets from their billionth dollar is less than what they derived from their first dollar?