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this post was submitted on 23 May 2026
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It's no surprise that those with money who are being impacted are making as much noise as possible. It really irked me when there was all that startup meme rubbish, mainly because of how misleading and disingenuous it was.
But, I think there is room for improvement. I take the view that two of the main problems Australia has are:
lack of personal financial security because people don't live in their own homes, part of which is the cost of living issues, homelessness, and just general fear which leads to a lot of the right wing opportunism.
Poor business environment, caused by high operating costs (see point 1 - it's the same cause) and poor funding environment. This in turn leads to a lack of sovereign capabilities, meaning we buy foreign services riddled with surveillance (see electric cars, online services, government services contracts, etc).
What we need is housing not to be used for speculation, and high investor returns, and have it used for providing security and shelter to people.
We need that money to now be put into Australian businesses. Specifically new and small businesses, but really, any business that actually does things in the world, employs Australians, and adds to our national capability.
Make a carve out for those businesses (not just startups) so the tax sector incentives building Australia's capabilities, not rent seeking, not speculation, not investing in foreign assets.