Don’t believe the scare campaign. Taxing wealth is our best way forward

June 2, 2026 — 11:57am

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Pessimism has become mainstream for younger Australians. Ask around, and they’ll say they’re working hard yet struggling to build the kind of life they want, with little hope that things will improve.

This goes beyond anecdote, too. According to ANU research, only half of 25- to 34-year-olds believe that hard work brings a better life today in Australia, down from 80 per cent in 2013.

That’s a seismic but understandable shift. Why bother taking on debt to attend university, start a business or do the 9-5 when the rewards aren’t there?

The promise at the heart of our economy used to be that you worked hard and contributed, and in return, lived a secure life in a society with high-quality public education, healthcare, housing, and decent wages. But that is no longer the case. Work and effort are not enough.

Things........

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