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Grattan on Friday: As Labor struggles with budget backwash, One Nation surfs a wave

19 0
21.05.2026

One way the Albanese government has recently tapped into social media audiences for its budgets is by inviting “influencers” 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 Australia’s budget podcast, Talking Sh!t, “Hi I’m Anthony Albanese – make sure you’re following Toilet Paper Australia”.

But social media, of course, is a horse for hire. Post this budget the government was 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 “He’s having a great time with his new 47% equity,” and “We’re very pleased to welcome Albo to the @_checkonchain team as our new 47% co-owner of the business we’ve built!”

Albanese sought to play it cool. “I 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 who’ve made me look rather good.”

Before the budget, Albanese and Treasurer Jim Chalmers knew they’d be hit by criticism for its 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 doesn’t stop them having a loud........

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