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Does 2020 budget really help Australians and its economy?

Headshot - smiling-Courtesy of Emilie Dye, Director of Policy, the Australian Taxpayer Alliance Source: Courtesy of Emilie Dye

"Subsidizing is not a reform, a true reform is real structural tax reform, which we don't see from this 2020 budget," says Emilie Dye, director of policy of the Australian Taxpayer's Alliance.

Emily Dye, the director of policy of the Australian Taxpayer's Alliance says that ''we cannot spend our way into budget black hole to help the economy recovery, and the best way to help economy is to do a real structural reform not through subsidies. It needs to cuts all the unessary red tapes and creating projects that will support businesses and communities not hurting them. So we cannot keep spending or keep giving tax cuts forever but we need to cut back our spending. In doing so, it will take us decades to pay back tax plus interests and this will pull us back for many years to come."

Treasurer Josh Frydenberg said that this 2020 budget is about helping Australian economy and creating jobs and every Australian will benefit but there are winners and losers. Winners are young Australian workers who are either unemployed or employed who recieved JobKeeper and JobSkeer and the Morrison government will also give subsidies to business who hire this group. Aged pensioners are also those who will get cash hand out along with 10,000 first home buyers who intend to build new first home or buy the newly build first home. Losers are those age over 35 years old or older workers who get nothing from this budget.

Listen to Emily Dye podcast in Hmong here

What is more intriguing is what Ms Dye said ''the Australian Taxpayer's Alliance need to be the egle eye that should hold our politicians accountable. Politicians don't keep their words and they are using pork barreling politics which is scary and it shouldn't happened in Australia but it did." 

She futher argues that Australian communities and state and territories know best how to help its people not the federal government. Because when all the resources are taken from communities and states to federal level and redistrubute downward, every communities are competing with each other to get as much grants as possible for many projects that are not really useful and waste a lof of resources.''

"What is really good and very important in this budget 2020 is superannuation. This budget will cut those high fees associated with keeping or investing our superannuation for those poorly performance super funds," say Emilie Dye, director of policy from the Australian Taxpayer's Alliance.

What is the budget 2020 all about? 

Federal Labor budget 2020 reply: 

Check SBS budget culcultor to see if you are a winer or a loser from this 2020 budget: 

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