As Labor struggles with budget backwash, One Nation surfs a wave

Source: AAP
One way the Albanese government has recently tapped into social media audiences for its budgets is by inviting âinfluencersâ to Canberra for the event.
This broadens the audience and often garners favourable publicity.
This year, the Prime Minister gave a promo at the start of Toilet Paper Australiaâs budget podcast, Talking Sh!t:Â âHi Iâm Anthony Albanese â make sure youâre following Toilet Paper Australiaâ.
But social media, of course, is a horse for hire. Post this budget the government has been rattled by memes used to effect by critics.
Albanese was digitally inserted into small businesses objecting to the capital gains tax hike, with lines such as âheâs having a great time with his new 47 per cent equity,â and âWeâre very pleased to welcome Albo to the @_checkonchain team as our new 47 per cent co-owner of the business weâve built!â
Albanese sought to play it cool.
âI have seen some of the memes which are there and the memes are very flattering, I must say, some of them. So, thank you to those whoâve made me look rather good,â he said.
Before the budget, Albanese and Treasurer Jim Chalmers knew theyâd get criticism for their broken promises. But they underestimated the extent and ferocity of the backlash, which has gone not only to broken promises but deep into the weeds of individual measures, notably relating to CGT and trusts.
The government pitched this budget as one about intergenerational equity and housing. But younger people have been critical on the grounds that some, not having the money for a home deposit, use shares and the like to build wealth.
Chalmers says it is only a small proportion, but that doesnât stop them having a loud voice.
Savvy campaigning has thrust into the public eye young entrepreneurs, many of them women, to amplify the objections to the CGT changes.
On Thursday, 10 female founders of businesses issued a statement deploying the gender argument in their call for a rethink.
âIt is already harder for women to access capital, secure loans, raise investment, and attract senior talent. Many female founders begin with fewer resources, smaller networks, and more family responsibilities than their male counterparts. The proposed CGT changes would make an already difficult path even harder,â they said.
The statement was targeting a vulnerable spot in a government that prides itself that it delivers for women.
Much of the present debate is the old story of budgets. The âlosersâ â or those who fear they might become losers â can cause a government a lot of grief.

The government has been rattled by memes used to effect by critics. Photo: X/_Checkmatey_
Comparisons have been made of this budgetâs unpopularity with that of the Keating governmentâs budget in 1993, and the Abbott government in 2014. These were condemned by critics not just for their measures, but for their breaches of trust because they broke promises.
In political terms, however, we should be careful of pushing the parallels too far. This budget will undermine peopleâs trust in Albanese, but he has considerable political capital as a buffer.
And this governmentâs circumstances are different. In 1993, though Keating had only been prime minister since 1991, Labor had been in power for a decade. Its time was running out.
In 2014, while Tony Abbott led a new government with a large majority, he was being stalked by Malcolm Turnbull.
The Minns factor
As it fended off criticisms of the budget, the Albanese government was less than pleased with the contribution of NSW Premier Chris Minns, who highlighted how much working people are paying in income tax, with the top marginal rate at 47 per cent.
âYou work Monday, Tuesday, half of Wednesday for yourself and then Wednesday, Thursday and Friday for the government â thatâs a tough burden for a lot of families to hit,â Minns said.
âWhether itâs now or in the future, we do need to make sure weâre taking urgent action when it comes to personal income taxes, because at the moment a lot of working families are getting stung,â he added.
Chalmers responded by saying, in essence, that Minns didnât understand how the tax system worked.
To say the federal government regards Minns as a pain in the neck is probably an understatement.
Given the governmentâs troubles, Opposition Leader Angus Taylor has had a much better post-budget time than he might have expected, including a reasonable reception for his plan to index income tax to inflation, which he announced in his budget reply.
One Nation surge
His humiliation in Farrer has been somewhat submerged. But on the other hand One Nationâs win there is reverberating, and further energising the âdisruptorâ party.
As the Farrer byelection is being formally finalised ahead of its new House of Representatives member David Farley taking his seat, One Nation appears to be hyperactive, preparing its future moves, or playing the tease, or both.
One Nation has its tail up with post-budget polls showing rises in its support.

One Nation has been energised since winning Farrer. Photo: AAP
According to analyst Kevin Bonham, aggregating federal polls, Labor leads the Coalition 52.3 per cent to 47.7 per cent; it has an estimated 52.9 per cent to 47.1 per cent lead against One Nation.
Those are remarkable figures. One Nation, a party with two House of Representatives seats, can be seen as the alternative opposition.
Pauline Hanson wants to set up a second office, in Yeppoon (near Rockhamption), where Nationals leader Matt Canavan lives.
Yeppoon is in the electorate of Capricornia, held by the Nationalsâ Michelle Landry. If Landry retires at the next election, Canavan may stand for the seat.
Meanwhile, Hanson has left the option open of standing for a Queensland lower house seat (Blair or Wright have been speculated).
Barnaby Joyce doesnât rule out recontesting his seat of New England rather than running for a NSW Senate seat, as he originally planned.
One Nation is working on setting up a branch structure. One party adherent says this would see One Nation âmove from a dictatorship to a democratic party like the Liberals and the Nationalsâ.
On Thursday, Hanson released her policy on gas. It would scrap the Petroleum Resource Rent Tax, replacing it with a 10 per cent âwellheadâ royalty on all offshore gas and oil production, and have the government taking equity in new exploration and drilling projects.
Strong arguments may be mounted against the content of the policy, but politically it could hit the spot with some voters. Remember the pre-budget push for more tax on gas exports?
Both government and opposition are dismissing the Hanson policy, which she can use to argue theyâre not listening to the people.
One Nation is a very large political balloon. State elections in Victoria (November) and NSW (March) could prick that balloon. If they donât, the Coalition will be terrified, and Labor will start to worry.![]()
Michelle Grattan is a Canberra correspondent and Professorial Fellow at the University of Canberra.
This article is republished from The Conversation under a Creative Commons licence. Read the original article.
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