Simply put I retired three years ago on the basis of the rules...

Simply put I retired three years ago on the basis of the rules at the time and after a lifetime of work where I paid well in excess of $1M in income tax and still pay GST on 95% of my expenditures. With Shorten's plan my income will be cut by approx 30% and hence my purchasing ability; and the Govt will miss approx 10% of this expenditure by missed GST.

Effective economics can be distilled down to keeping $'s moving within the economy and I was here in the last recession which Keating said we had to have as he said inflation was too high. My view is that Keatings words caused the recession because the people and Company's who were keeping the economy buoyant ( development, construction, manufacturing, services etc) took a pause on their planned investments because a politic leader said it was recession time.

Lets see what turns out in a term of Labor......my prediction is the next recession!