Victoria is a tax and debt hellhole (Leithvo)

In this interview with Tom Elliott at Radio 3AW, I discuss the blowout in Victoria's taxes and debt, which are highest in the nation.



Crazy economics ... it's like the debt doesn't matter, but sometimes it does. Interest rates can rise making the debt unrepayable. And if the AUD (dollar) is sold off and the currency collapses the price of fuel will go through the roof, interest rates will rise, and those mortgaged to the hilt will lose their homes. The solution for those in power seems to be to import more people (rich ones, to buy up the property) ! What could go wrong?!

[Posted at the SpookyWeather2 blog, April 25, 2025.]