Despite average income growing by 24% and poverty declining significantly during the last period of free trade, the opposition to Free Trade will be loud and determined. Likely lead by those who say they are speaking for the poor.
The failure of our leaders to think through the effects of increasing debt and unfunded liabilities, the consequences on social stability of open ended refugee immigration, or what the implications that raising certain taxes will have on other revenue existing streams is threatening the entire global financial system.
Despite the promises of politicians to create jobs, boost the economy, solve the pension crisis plus a myriad of other ills simply by raising taxes, history, most recently in Europe, loudly declares this approach will fail.
Consensus and innovation are two buzzwords we hear a lot these days. We hear that 97% of scientists believe there's global warming, which in effect means no questions allowed. Not allowing debate is the antithesis of innovation, and change. Change being something bureaucrats in Governments who tout innovation resist strenuously.
The federal budget speech will undoubtably focus on the middle class, as well as infrastructure, two of the topics government officials talk about endlessly. What will be interesting is that which you won't hear about.