Dr Andy Schmulow for the Senate - Last word

Summary

Dr. Andy Schmuler, running for the Senate in New South Wales, joined Adam Stokes for an interview just before the elections. Despite recovering from a surgery, Dr. Schmuler spoke passionately about governance, critiquing the current political landscape, the influence of large corporations, and the overwhelming taxation system in Australia. He emphasized the need for more competition in the supermarket industry to tackle the cost of living crisis and criticized the focus on divisive social issues that distract from economic concerns. Schmuler's candid views on taxing unrealized capital gains and government spending highlighted his desire for reform and transparency. He encouraged voters to demand change and support independent candidates for a more accountable government.

Highlights

• Dr. Schmuler appeared live despite having undergone surgery, showing his dedication. 🏥
• He discussed the overwhelming impact of political donations on government decisions. 💰
• Criticized the distraction by divisive social issues, refocusing on economic reforms. 💡
• Anecdotes about the influence of large supermarket chains on pricing and competition. 🏪
• Expressed disbelief at proposals to tax unrealized gains, especially in superannuation. 🤑
• Emphasized the importance of independent voices in the Senate for true representation. 🎤
• Engaged audience with candid and humorous anecdotes about Australian culture. 🇦🇺

Key Takeaways

• Dr. Andy Schmuler prioritizes economic reform over social issues. 💼
• He criticizes the lack of competition in Australia's supermarket industry. 🛒
• Schmuler is against taxing unrealized gains in superannuation. 🏦
• He values the role of independent candidates in reshaping politics. 🗳
• Criticism of big corporations influencing government policies. 🏢
• Highlights the need for better fiscal management and accountability. 📊
• Schmuler shares a strong emotional connection to Australian values and mateship. 🇦🇺

Overview

Dr. Andy Schmuler joined Adam Stokes in a lively discussion about his Senate campaign, boldly addressing controversial issues in Australian politics and economics. Courageously appearing with a sling post-surgery, Schmuler captivated viewers with his unyielding spirit and dedication to advocating for change. His appearance highlighted his focus on ensuring economic stability and competitive fairness, shaking the foundation of political complacency.

Throughout the interview, Dr. Schmuler emphasized the urgent need for more competition in Australia’s supermarket industry to alleviate the high cost of living. He criticized the major parties' entanglements with big corporations, claiming they distract voters with minor social issues while neglecting substantial economic reforms. With a firm stance against taxing unrealized superannuation gains, Schmuler argued for more transparency and better fiscal management.

Schmuler's engaging and somewhat humorous style resonated with the audience, underscoring his deep appreciation for Australian culture and mateship. His insistence on the need for independent voices in politics was palpable, encouraging voters to prioritize accountability and reform. Whether or not he wins the Senate seat, Schmuler promised to continue his fight for change, embodying the unwavering spirit of determination and resilience.

Chapters

• 00:00 - 00:30: Introduction The chapter begins with a live broadcast introduction for a channel that is hosting a guest, Dr. Andy Schmiller, who is a senate candidate in New South Wales. The host acknowledges the high demand from viewers for Dr. Schmiller's insights, especially with an election happening the next day. The host also notes that Dr. Schmiller has just come out of surgery and is in a sling.
• 00:30 - 01:00: Guest Introduction and Health The chapter begins with the introduction of a guest who is not taking their pain medication to stay alert for the interview. The host expresses respect and gratitude towards the guest for participating in the interview despite their physical discomfort. The guest, in turn, expresses pleasure and privilege in being part of the show, while acknowledging their disheveled appearance and humorously conceding that their looks aren't the reason viewers would vote for them in a political context. The conversation exhibits a light-hearted tone, emphasizing content over appearance in political considerations.
• 01:00 - 02:30: Surgery and Commitment The chapter reflects a conversation about the resilience and commitment of an individual who, despite undergoing elbow surgery, is commended for their dedication to their commitments. The speaker appreciates the individual's determination, labeling them as a 'warrior' who does not let pain interfere with fulfilling duties. The chapter underscores the values of perseverance and maintaining commitment, even in challenging circumstances.
• 02:30 - 05:30: Campaign Support and Dedication The chapter titled 'Campaign Support and Dedication' centers on the idea of persistence and encouragement. The narrator mentions putting forth a positive story before diving into the main topic, by asking the audience to submit their questions and highlighting the neutral stance and voluntary nature of the interview setting. A specific incident about a woman approaching the narrator on the street adds a personal touch to the narrative.
• 05:30 - 10:30: Concerns about Australia and Politics The chapter discusses the support and momentum gained by a political movement in Australia. A person expresses excitement about receiving a pamphlet supporting this cause, highlighting community involvement as people actively distribute these materials on the streets. There is a sense of growing enthusiasm and congratulations expressed towards the team involved.
• 10:30 - 20:30: Cost of Living Crisis and Solutions This chapter discusses a team of volunteers who are contributing to a campaign related to the cost of living crisis. These individuals in various Australian cities such as Perth, Melbourne, Brisbane, and Sydney are experts in fields like web data analysis and are providing their services for free. The chapter highlights the dedication and skill of these volunteers, as well as the speaker's appreciation for their efforts.
• 20:30 - 31:00: Taxation Issues The chapter titled 'Taxation Issues' deals with the speaker's passionate commitment to supporting people and upholding friendship and decency. The speaker emphasizes the unwillingness to let people down, reflecting the generosity and desire for change among the community. It showcases the speaker's appreciation for the support received and a strong dedication to making a difference.
• 31:00 - 42:00: Government Spending and Accountability The chapter explores the topic of government spending and accountability, emphasizing that the current trajectory is concerning. The author cites an influential journalist, Joe Aston, formerly of the Australian Financial Review, known for transforming a gossip column into a significant and authoritative commentary, as validating this perspective. Aston's ability to analyze and comprehend complex financial matters is highlighted to underscore the credibility of the viewpoint that government spending is not effectively managed.
• 42:00 - 46:00: Election Process and Voting Advice The chapter delves into the influential role of journalism, particularly through the work of a prolific writer who critically analyzes major corporations. It highlights a specific case where the journalist's columns targeted Allen Joyce and impacted his leadership at Quantas. Additionally, the chapter touches on broader themes of political and corporate accountability, as encapsulated by a recent article critiquing current leadership, titled 'we are being led by numpties.'
• 46:00 - 52:00: Discussion on Independence in Politics The chapter titled 'Discussion on Independence in Politics' addresses the unsustainable political dynamics between the two major parties. The speaker emphasizes that these parties are in a deadlock, unable to break free from each other for fear of losing political power. The chapter seems to highlight the problematic nature of this interdependence and suggests a call for breaking this cycle.
• 52:00 - 81:00: Q&A Session and Public Concerns The chapter 'Q&A Session and Public Concerns' includes a lighter moment amidst a serious context. The speaker recounts a personal experience of undergoing a nerve operation, mentioning the painful nature of such procedures. To lighten the mood, they attempted to make a joke with the surgeon by telling him to operate on the 'left ankle' instead, but the surgeon didn't find it amusing. This interaction highlights the tension and seriousness often present in medical environments even when humor is introduced.
• 81:00 - 89:00: Closing Remarks The chapter 'Closing Remarks' humorously recounts an individual's experience about to undergo surgery. While in a brightly lit operating theater, they make a joke to the anesthetist comparing the ambiance to a restaurant, which is met with a look suggesting they be put under anesthesia quickly. The narrative shifts to post-operation recovery, describing time spent lounging on the couch and watching the TV show 'True Detective.' Overall, the chapter reflects a lighthearted look at the surgical experience and recovery.

Dr Andy Schmulow for the Senate - Last word Transcription

• 00:00 - 00:30 And we are live. Good day viewers. Welcome back to the channel where today we're bringing on a guest who's in high demand with a with the uh election happening tomorrow. Dr. Andy Schmiller is running for the Senate in New South Wales. And I have had an overwhelming number of viewers saying, "Can you please bring the doctor back on? We need to learn more." So without further ado, let's bring Andy back to the show. Andy, I acknowledge that you've recently come out of surgery. you are in a sling.
• 00:30 - 01:00 You're not taking your pain medication so you can get through this interview interview. I respect what you're doing. Thank you so much for joining me tonight. My absolute pleasure. It's a pleasure and a privilege to be here and uh all I can say to your viewers is I'm sorry about the fact that I look like I've been through a washing machine, but you're probably not going to vote for me from for my looks. So, well, that's typically not what we vote our politicians in for, but I just want to share this with the viewers out
• 01:00 - 01:30 there. I spoke to your staff recently and I invited you back onto the channel and your staff said, "Look, he's going into surgery for his elbow and he's probably not going to be up for it. So, we're sorry, but thank you." And I did not even push the topic at all because I knew you would turn up. I knew this man as a warrior would step up and no matter what pain he was in, I could tell that you were going to turn up. you have proven my preconceptions correctly. So, thank you for being with us again. Thank you very much. I I live by the motto never parry to the back foot, never take
• 01:30 - 02:00 prisoners, and never ever ever give up. Well, I've got a good news story for you before. So, the chat is already melting. And I encourage everyone to put their uh questions into the chat on the side. Uh just the rules tonight. Um I'm not paying for this interview, nor am I being paid for it. Uh, I'm operating as well as I can as a neutral Australian citizen here. But Andy, good news story. When I was uh getting ready for this, I've just gone out for dinner and I quickly had to rush back and this lady approached me on the street and she
• 02:00 - 02:30 said, "Oh, excuse me. Um, would you mind taking one of these?" And she just happened to give me I was going to be blurry because of the uh filter I've got on here. It's actually one of your pamphlets. Sorry, it's not going to come out because it's There we go. So, there you are, Andy. your your colleagues, your community, your friends, they are literally roaming the streets as we speak in support for what you're doing. So, you're getting a lot of momentum. Uh, congratulations to you and well done to your team. Thank you very much indeed. You know, um, there's a whole
• 02:30 - 03:00 team of people who are working on our campaign on my campaign. people in Perth, people in Melbourne, people in Brisbane, people in Sydney. These are people who are so crash hot at what they do, like analyzing web data and all sorts of stuff that I don't understand. And they're all doing it for free. And I look at people like this and I say to myself, if you got the privilege of going into
• 03:00 - 03:30 parliament, I will I will chop my arm off before I will let these people down. Like you can't take you can't take that kind of friendship and that kind of decency and that kind of generosity and spit on it. You know what I mean? And it's just like I'm absolutely bowled over by what people have been willing to do. And I think what it taps into is that there's a desire for change. People
• 03:30 - 04:00 are seeing that we're going in the wrong direction. And this is not just my view. One of the journalists that I love reading the most, he's a guy called Joe Aston, A T O N. He's he used to work for the he used to write for the Australian Financial Review. He wrote a column called Rear Window, which started out as a gossip column. Joe Aston turned it into the most influential column of any newspaper in Australia. Like the guy is super smart and he he can read and understand
• 04:00 - 04:30 a balance sheet and an annual report like nobody else. And this guy was just slaughtering big corporations. And that's him there. And his his columns about Allen Joyce and Quantis is what brought Alan Joyce down. And thi this article that he's written today, we are led we are being led by numpties sums up a lot of what I'm going
• 04:30 - 05:00 to say to you tonight. We are on a desperately unsustainable path and the two major parties are locked in a death grip. They are locked in a death grip with each other and they can't unlock themselves from each other because it's so they've if they unlock themselves from each other the other party will win. But that's not where I want to start. I've had I've had a lot of pain meds this
• 05:00 - 05:30 week. And I've been a bit sort of zoned out. I had a I had to have a nerve in my elbow moved. It nerve operations. When they operate on nerves, it's usually a pretty painful procedure. And uh I tried to crack a joke with the surgeon before he put me under. I said to him, "Now, don't forget it's the left ankle." And he gave me this really dirty look. He went, "Don't do that." It's like, "Geez, dude." Like, I'm the one who's staying
• 05:30 - 06:00 under the knife. Chill out, man. Yeah, you're on the table. And I was in this really brightly lit theater and I I I turned to the anesthetist and I said, "I hope the food's better than the ambiance in this restaurant." And the student me again, he's like, he looks at me like, "Put this [ __ ] under." Anyway, um, so I've been sitting on the couch and thrown out and I've been watching TV. I've been watching this fantastic show called True Detective.
• 06:00 - 06:30 Uh, the first season is with Matthew McConna. It's a really good show and it's set in Louisiana and you know, it got me thinking. I can't remember when it was. Yes. But that's season two. I think season one. That's season two. Season one has got Matthew McConna. It got me thinking about Hurricane Katrina and it got me thinking about why
• 06:30 - 07:00 I love living in this country and I want I want to share that with you. Hurricane Katrina struck New Orleans and it washed most of New Orleans away and 10,000 people were huddled and marooned and kind of surviving in in a huge football stadium in New Orleans. And I don't know
• 07:00 - 07:30 how true it is, but there were reports that people were kind of having to defend themselves and defend their families in this stadium, especially at night because there were rape gangs. And to me, that just typifies your American. The American is just an animal, you know? They're animals, man. Like seriously, some nut job went and shot up
• 07:30 - 08:00 a whole lot of people in Port Arthur and because Aussies are rational thinking human beings, they went right, ban guns. Guns don't kill people. People kill people. What [ __ ] Of course, guns kill people, you idiot. Whereas people armed with peashooters and feather dusters kill no one. And you know what? Guess how many gun massacres
• 08:00 - 08:30 we've had in Australia since John Howard. Best thing John Howard ever did? Ban guns. Guess how many gun massacers. Guess how many people have had to go to the school that their toddler goes to school in and pick up the mortal remains of their toddler shot with hollowpoint ammunition like happened in like happens on a regular basis in America. Guess how many times that's happened in Australia. Hasn't right. But okay, I'm ranting about
• 08:30 - 09:00 Americans. My comparison is the floods in Brisbane. Remember when Anna Bllye was premier of Queensland and they had those terrible floods in Queensland? One of the things I remember about those terrible floods is that a group of Aussie kids, young blobed up on a statue outside the gabber and they put goggles and a snorkel on the
• 09:00 - 09:30 statue. That's why Australians are such great people. When disaster strikes, they don't form rape rape gangs. They put goggles and snorkels on statues. They piss funny. They're the best people in the world. They they There is nothing in the world that compares to Aussie mateship. And I speak from experience. I grew up in a different country and I've got great mates in South Africa who I love
• 09:30 - 10:00 dearly. But the friends there it is. I mean, how funny is that, right? Like everybody's dealing with a bloody flood that's washed their house away. And this is how Aussies respond. They take the piss out of it, man. It's why Australians are such great people. It's why they make the best mates in the world. I've got I've got friends got a few friends in Sydney who South African and they tend only to have other friends who are South Africans. And I say to them,
• 10:00 - 10:30 why? Like, like what's the point? If you want to have lots of friends in South Africans, I can tell you where you can find lots of South Africans. Go back to South Africa. and they go, "Oh, well, you know, we've got stuff in common with these people." I go, "Have you have you taken the time and trouble to make ma make mates with Australians?" Because I want to tell you something. Australian matship is truer and bluer than anything else in the world. The Australian mates that I have is why I love living in this country.
• 10:30 - 11:00 The the love I have from this for this country is the people I love in this country. The scenery is nice. I love the scenery, but like that's not why I love this country. I love the weather, but like that's not why I love this country. I love this country because the people the people in this country who are my mates, who I love. And this is what Australia has always represented to me. A country of incredibly laidback, pissfunny. Can I Can I Can I use one
• 11:00 - 11:30 swear word? Noting we're Australian. Absolutely. The funniest [ __ ] in the world. Oh god. And I [ __ ] love him, man. I [ __ ] love him. And Australians have always been like this. Funny, laidback, easygoing, relaxed. And you know what? This place doesn't feel relaxed at the moment. The whole country
• 11:30 - 12:00 feels like it's on edge. This is what I'm feeling. I'm feeling like this country is changing from being laidback, piss funny, put armbands on statues in the middle of a flood to being to being on edge. And it worries me. It worries me that people are on edge. And why are they on edge? They're on edge because they're worried about their future.
• 12:00 - 12:30 They're on edge because they're worried about whether they can afford to pay their mortgage for the next 5 years or pay their rent for the next five months. They worried about the future that their kids are going to have. They worried that they can't pay the grocery bill. They worried that they can't afford the groceries. They worried about the future of the country that they and their kids are are going to live in. And it's putting the whole place on edge. And I want to tell you
• 12:30 - 13:00 something. They've got good reason to be worried. Things are going things are going downhill. And I tell you what worries me. There is so much further downhill we can go. Let me tell you about what they do in America. There are people who work full-time at places like Walmart and they are homeless. They live in their car because they get paid so
• 13:00 - 13:30 little and because part of what they get paid is cash, part of what they get paid is food stamps. So this is what Walmart has done. Walmart owned by the Walton family, one of the wealthiest families in the world. They bribe politicians in Washington to increase the amount of food stamps people get so that they can pay their workers less so that they can keep their workers just above the starvation line so they can greedily
• 13:30 - 14:00 absorb more. This is where we're going in Australia. We we're moving away from a a country where everybody gets a fair go. We're moving away from a country where everybody gets a house, a garden, a car in the garage, a chicken in the pot, a future for their kids. We're moving to a country where we're going to see the emergence of the so-called working poor. People who've got full-time jobs and who have food
• 14:00 - 14:30 insecurity. People who have full-time jobs and have housing insecurity. People have full-time jobs and are struggling to feed their kids. That is unacceptable. I've got that is unacceptable. I will not accept that. And I will not accept that in a country where the rich are getting obscenely wealthy. And they're not becoming obscenely wealthy because they're so smart or they're so
• 14:30 - 15:00 hardworking. They're getting obscenely working because they're not paying tax and because they're getting cushy government contracts because they're bribing politicians. And I can give you examples until the cows come home, mate. Price Waterhouse Coopers, PWC, biggest audit and assurance firm in this country, had a bet each way before the last election. $4 million to the Labor Party, $4
• 15:00 - 15:30 million to the Liberal Party. It's a bet each way. Like these guys are buying whoever gets into office, right? And once whoever gets into office gets in, in return for their $4 million, Price Waterhouse Coopers was getting $600 million a year in government contracts for what? for producing eight slide
• 15:30 - 16:00 PowerPoint presentations and charging a million dollars and then charging the federal government to give them advice on how to put a stop to tax evasion and building in secret back doors to that advice so that they could continue to help Google and Microsoft and Apple evade tax and the partners at PWC who are just bloody accountants for God's sake. They're not brain surgeons. With all due respect, with all due respect to accountants, they're not
• 16:00 - 16:30 brain surgeons. They spreadsheet jockeyies. These guys are all on an average of three or$4 million a year and there are thousand partners in that firm. How does an audit firm, Think about this, how does an audit firm pull down $3 billion a year? It's out of control, man. And that's why ordinary Australians, working Australians, people who work in a factory or a mine or uh work in
• 16:30 - 17:00 Woolworths. Let me be clear about this. People who run Woolworths who are getting the CEO of Woolworths, Brad Banduchi, got $7 million a year last year. 7 million, right? Don't take it out on the people who work at Coohl's and Worths. They're getting stuff all. They're getting minimum wage, right? The people who are earning this
• 17:00 - 17:30 money are taking more and more and more for themselves and they're telling us, they're telling everybody else, "You don't have what I've got because I'm harder working and I'm smarter." That's not true. They're not harder working. They're not smarter. They they cheat and they are dishonest. Now I want to lift the lid on something. The biggest problem facing this country for the majority of the
• 17:30 - 18:00 electorate and this is not my opinion. This is what the the opinion this is what the opinion polls are are saying. The biggest problem facing this country is this cost of living crisis. As I say that cost of living crisis is going to get worse. If you're not a partner at PWC, if you're not an executive at AM or Commonwealth Bank or Coohl's or Wworths or Quantis or NAB or
• 18:00 - 18:30 A&Z, you're going to get poorer for the next 3 years. And in six years or nine years or 12 years, you could be facing being one of these people who to to keep the roof over your head and and be able to feed your kids, you're working two or maybe three jobs. And if you're not working two or three
• 18:30 - 19:00 jobs, you're living in your car. And I want to tell you how this happens. We have a clearly identifiable problem with a clearly identifiable solution. This is the first point I want to make and I want to make it very very strongly. We have a clearly identifiable problem and a clearly identifiable solution. The problem is we
• 19:00 - 19:30 have a supermarket duopoly. We have a lack of competition in the supermarket industry. What is the solution to a lack of competition? More competition. It's not rocket surgery. By the way, my team says to me, don't say rocket surgery, Andy. People think you're an an old fart and you don't know that it's rocket science or brain surgery. I know it's rocket science and brain surgery. I'm combining
• 19:30 - 20:00 the two. You're a rocket scientist and a brain surgeon doing rocket surgery. It's not rocket surgery. A lack of competition. What's the solution? More competition. Coohl's and Woolworths don't want people talking about that. Coohl's and Wworth don't want people saying the solution to the cost of living crisis, how we bring down at least one part of the cost of living, the cost of groceries, more competition. More competition, lower
• 20:00 - 20:30 prices. This is not just economics 101. This is the foundation of capitalism. This is the foundation of the free market. This is why people like me believe the free market is a superior form of production because through competition you get better quality, you get better service, you get cheaper prices. Competition. Competition. Not
• 20:30 - 21:00 rocket surgery. It's not a big secret. It's not something that I've found in some ancient manuscript that that's been buried since the Middle Ages. It's economics 101. more competition. Coulson always don't want us talking about co competition because if we start talking about competition and there's a ground swell if all of a sudden a lot of people start saying yeah let's have more competition then they might get more
• 21:00 - 21:30 competition and they won't make so much profit. And how much profit do they make? They make the most profit of any supermarkets anywhere in the world. That's not my opinion. That's not my opinion. I saw somebody said they don't make that much. You are wrong. You are wrong. Wrong. Wrong. Wrong. The Australian Competition and Consumer Commission issued a report a month ago that said Coohl's and Woolworths are the most profitable supermarkets in the world. You're
• 21:30 - 22:00 wrong. The average return on equity for supermarkets in the United States where there are 12 major chains 1.4%. The average return on equity in the last 12 months for Coohl's 34%. You're wrong. The person who put up that comment that said they don't make that much, you're wrong. They do. And that's not my opinion. That has been independently verified. So don't tell me they don't make that much. They are the most profitable supermarkets in the world.
• 22:00 - 22:30 Even uh I just spoke to artificial intelligence and it agrees with you also. So, uh, there's multiple reports, AI and a lot of Google out there saying that yes, these are the most profitable supermarkets on planet Earth. Andy, there the chat is melting. I I can I have never seen the chat so alive? Um, there's a lot from talking about this though. Yep. You want to know how they stop us
• 22:30 - 23:00 talking about more competition? They give us irrelevant rubbish and garbage to fight each other over like pronouns. Do you know what difference it'll make to the prices you pay at Coohl's and Wworths? The pronouns I use. None. Do you know what difference it'll make to the prices you pay at Coohl's and Wworths? Whether the prime minister stands in front of an Australian flag or
• 23:00 - 23:30 also stands in front of an Aboriginal and terra torist straight islander flag. None. Do you know what difference it'll make to the price you pay at the supermarket whether we have welcome to country or God save the king? None. All of that stuff, all of it is a distraction. All of the stuff about pronouns and whether we should have welcome. If you want to have a debate about welcome to country, by all means do that. Do that or do that, but but be
• 23:30 - 24:00 clear. This will have no impact on the cost of living. These things are a distraction. Don't take my word for it. Think, think. Ask yourself whether I use the pronouns he, him, she, her, or they, them, how will that affect the price you pay for a loaf of bread at Coohl's? What effect will that have on those prices? So why are we talking
• 24:00 - 24:30 about that [ __ ] Because they want us to talk about that stuff. They want us to get angry about that stuff. They want us to tear each other to pieces about that stuff. They want us to tear each other to pieces about whether we should have welcome to country or God Save the King. I don't care which one we have. All I want is lower prices at Coohl's and Warts. All I want is more competition at Couls and Wortharts. But I can't get to that meat of that debate because there's so much garbage about people saying to me, "What pronouns do you use?" Who
• 24:30 - 25:00 cares what pronouns I use, mate? It. Call me it. and and and and welcome to country or God save the king. It's just it's irrelevant to what's happening in people's lives. But they want us talking about this stuff. They want us debating about this stuff. Rert Murdoch, Rupert Murdoch, who is one of the most powerful men in the world. He's a media baron and his media companies
• 25:00 - 25:30 control governments. He publishes the Australian, the Daily Telegraph, the Herald Sun, Sky News, Fox News. Do you know what Rbert Murdoch said many years ago when somebody said to him, "What's the secret of your success?" His words were, "Secret of my success? Keep them dumb and keep them angry. We have got to stop letting ourselves be distracted this way. We have got to stop letting ourselves be
• 25:30 - 26:00 way laid about debates about what do you do you give a [ __ ] about the the pronouns I use? If I decide to use different pronouns, how is it going to affect the price of bread when you go down to the supermarket when you have to buy a loaf of bread to feed your kids? Man, don't let these guys distract you. Don't let them distract you. What they want is they want to distract you with stuff that will make you angry and that is subjective, right? It's very much
• 26:00 - 26:30 opinion based so you will never agree. Right? This is the beauty of having a fight about pronouns or welcome to country or what flag the prime minister should stand on because that stuff is subjective and opinion-based. You are guaranteed never to get a resolution to that argument. So you can keep people tearing into each other forever. But you want to have a debate
• 26:30 - 27:00 about competition. Oh well, there we've got science. There we've got research. There we've got modeling. There we've got examples from other countries. There we've got return on equity figures. There we've got stuff where we can come to a conclusion. And that that makes the people who own Coohl's and Warworths and the people who run Coohl's and Warworths [ __ ] themselves. I've often said on this channel uh they keep dividing us. Uh you and I have not spoken about this part in the past, but
• 27:00 - 27:30 I absolutely agree. Um Gail Davidson says, "Yep, divide and conquer." So, we've got the gender wars, the color wars, the religion wars, the immigration wars, now the sexual sexual preference wars, sexuality wars, the gender wars. And I agree entirely. We're so busy fighting amongst oursel over what the media tells us is so important, but as you say, the price of bread just keeps going up and up and up. I I've spoken to many politicians over the last couple of weeks, and I've
• 27:30 - 28:00 learned a lot. I I have learned a lot during this journey and the the number one thing I've learned Andy is that there is a very diverse community when it comes to politicians. As a kid, I had always looked up as to politicians as being I don't know higher level thinkers, academics, really smart life experience. As I got older and I saw, as an example, Lydia Thorp berating the king and crawling on the hands and knees in front of Parliament House, I thought, "Oh, maybe these people aren't so much upper
• 28:00 - 28:30 class, if you will." Um, and and then when I spoke to I spoke to an MP from the Labour Party because I'm trying to be neutral and I'm trying to get as much insight as I can into politics. And what was so surprising to me was the disconnect between some politicians and the broader community. And one of those greatest disconnects I found and the qu there's been this question put forward a few times and I want to sort of start off if you will with this. What's the go with this intent to tax unrealized gains
• 28:30 - 29:00 particularly taxing superenuation funds? So I was a little bit concerned again I'll do my best to remain neutral here because I'm just trying to ask questions and allow you to answer. But as an Australian, I was worried when a referendum was put forward to divide a nation to say there's going to be a set of rules for this group of people and a set of rules for this group of people. Who's in? And Australia spoke up and said, "You got to be kidding me." And that's overwhelming. The numbers suggested that. I was very concerned when there was a cash ban coming forward to say, "Right, we're going to ban you from the freedom of using cash. Uh it's
• 29:00 - 29:30 sovereign tender. We'll issue you this money and we'll print this money, but our own government shop fronts won't print this money. And then we're going to ban you from using this money because we want everything digitized and digital through not decentralized open networks such as Bitcoin, but centralized in uh silos of information and business in banks. That was concerning. Then the next thing that was concerning to me was the the MAD bill where they were going to silence Australians allowing only four groups of people being allowed to speak. Those four freely that is. Uh so you had the banks, the government, the
• 29:30 - 30:00 media and the universities. And I thought well that's really concerning. But then the latest one which really boils my blood is we pay so many taxes in Australia but now there's a move to tax unrealized gains. Taxing money that we haven't even spent. Now the the best example I heard was actually from Dutton and I ranted about this recently on my channel and I want to get your thoughts on it. Taxing unrealized gains in the simplest terms u for those who understand money it's making you pay tax
• 30:00 - 30:30 on something you haven't liquidated yet and what they're looking at at the moment is taxing your superanuation something you haven't liquidated you haven't even accessed it but to make it very simple I'm going to expand on Dutton's example it's like taxing you before you go to work at so if I go to work I pay tax on the money that I've earned and when I spend the money I pay more tax on it and if I'm buying fuel I'm paying tax on tax with fuel excise taxes and there's just taxes everywhere where. But the last kick in the guts, well, maybe it's not the last one. Maybe this is just the next kick in the guts
• 30:30 - 31:00 is your superanuation. For international viewers, this is your retirement fund, your 401k. And of course, they're looking at saying, well, hey, if you have over $3 million in your superanuation, we're going to start stealing that. My apologies, taxing that. But of course, you haven't even access that money. And as Dutton said, it's like going to work and being taxed before you earn the money. It's like saying, "Well, I'm going to work next week, but the government goes, well, give us 500 bucks." And you're like, "Well, I haven't even worked yet." It's okay, but you're going to work. Give me the money. It's like, I don't even have the money yet. I haven't liquidated my
• 31:00 - 31:30 human labor to earn that money, and you want to tax me before I even touch it. Now, the belief that $3 million is enough for retirement. If you retire at 65 and live to 95, $3 million for 30 years with the inflation rates that we've got at the moment, energy increasing, food increasing, land rate increasing, $3 million is chump change. absolutely chump change. And of course, if this law gets through, in my opinion, you're going to have tax on $3 million worth of super, then it's going to drop to $2 million worth of super, then it's $1 million of super, then it's all your
• 31:30 - 32:00 properties and your shares, and you're going, in my opinion, it's opening up the floodgates to taxing unrealized gains on everything. Just suggesting that we're just an endless wallet to who those who are at the top. Those are my opinions. What's your thought on unrealized taxing unrealized capital gains? And if you got in, what would you do about it? I'm at a loss for words on
• 32:00 - 32:30 how disgraceful we have a we have compulsory super in this country. So you put a gun against every working Australian's head and you say to them, "By law, you will take money out of your pay packet." Right? It's coming out of your pay packet. Let's not forget that, right? The money isn't magically coming from the fairies at the bottom of the garden. You don't feel like it's coming
• 32:30 - 33:00 out of your pay packet because it comes off before it goes into your into your wage, but it's actually coming out of your pay, right? We're going to force you, every working Australian, we're going to force you to save for your own retirement. We are absolving the government of that responsibility, and we're going to make it a legal requirement that you have to do this by law.
• 33:00 - 33:30 Once we've done that, we're then going to have a whole lot of particularly retail funds like AM that will steal money out of your accounts. We'll do nothing about that because they're our mates, right? They're the big party political donors. AM, CBA, Westpak, NAB, A&Z. These are the worst of the worst, right? IOF absolute shockers. We're going to do nothing about that. We're not going to
• 33:30 - 34:00 tax boomers who've got 12 investment properties, right? Or we're not going to tax we're not going to tax them on unrealized gains because they're our heartland. They're the people who sit in our caucus. They're the people who run our branches, whether it's Liberal or Labor, right? So, we're not going to touch their houses and we're not going to touch the family house. What we're going to do is we're going to come after your
• 34:00 - 34:30 unrealized gains in super. This is such a hairbrain scheme. Unless it's shares where you can track the value of the the value of the super day by day. How are you even going to track the unrealized gains to tax them, you idiots? And I can tell you um if I got into parliament, no hands off super hand. You know what super is there for us when we are
• 34:30 - 35:00 at our oldest, weakest, and most vulnerable. I can't say that out loud because I know it damages the algorithm if I swear. Hands off, super. It's just that bloody. It's that simple. It's It's just you you've gone too far. I'm sorry. You've gone too far. Taxing unrealized
• 35:00 - 35:30 gains on super. Who even came up with that idea? And instead of taxing unrealized gains on super, if you need more tax revenue, I've got some suggestions for you. Google, Microsoft, Apple, Facebook, Twitter, multinationals that come to this country, News Corp. Come to this country, make billions of dollars in revenue, pay no tax. PWC, KPMG, Ernston Young, and Deoites, tax evasion
• 35:30 - 36:00 factories, shut them down. See how much more tax you get in. There are lots of places where you can get tax other than people's super. And you know what? Here's an idea. How about not pissing $600 million away every year just on one consulting firm? Do you know this is this is another this is another place where there's a distraction. I've got to I've got to say this. We've there's a lot of kind of talk about cutting government
• 36:00 - 36:30 spending. People need to understand something. It costs money to run a country. You can't get away from that. It costs money to run a country at a first world standard like Australia and we're slipping as it is. It costs a lot more money to run a country at a first world standard like Australia where most of the population is spread thousands of kilometers apart. It costs money to run a country. And what in particular Morrison
• 36:30 - 37:00 did was he tried to say to everybody, we've cut government spending by cutting government spending. And then there wasn't enough spending being spent on the government to run the government. So they hired consultants from PWC and KPMG at 10 times the price. This is the other thing. You've got to stop treating Australians like they're stupid. Have an honest, decent conversation with people. Say to people, listen, this is how much it would cost us to run this particular department. we will spend this much which will be less
• 37:00 - 37:30 than what we would spend if we lied to you and gave you some bogus figure about how much we're saving whilst behind everybody's back we're spending 10 times that amount on consultants from PWC and KPMG and McKenzie's these guys are just coining it man the the PWC tax scandal which blew up at the end of 2023 and which became two government two parliamentary inquiries the Senate inquiry and the parliamentary joint inquiry. I appeared before the
• 37:30 - 38:00 parliamentary and joint inquiry. I was asked to make submissions to both of those inquiries. Both of my submissions, the Senate and the Parliamentary Joint Inquiry, adopted my submissions and my recommendations in full. The dirt, the dirt that came out in those inquiries about what these consulting firms are doing, mate, I was cynical about what they were getting up to before those inquiries began. I had no idea. our government, our civil service, our public service, our the the costs,
• 38:00 - 38:30 the money that we spend on government. We are being financially raped by these four firms. $19 million. I gave you this example last time. $19 million to advise some government department on whether they should build a runway in Antarctica. You for real? $19 million. As I said to you last time, the people who wrote the report, I want to know, did the people who wrote those who wrote that report, were they specialist
• 38:30 - 39:00 engineers in subarctic civil engineering? Because if they weren't, they shouldn't have been writing the report and charging anything. But if they were experts in subarctic civil engineering, here I can save you $19 million in 30 seconds or less. The aircraft you want to land, can they land on packed ice? Because if they can't land on packed ice, there's no point in building a runway because five minutes after you've built a runway, it'll be covered in packed ice. Bang. I just saved you $19 million. What are we spending this money on these people for? National Health and Medical Research
• 39:00 - 39:30 Council. I don't know how many millions of dollars they spent with KPMG getting them to write a report on medical on research research ethics. They were found. KPMG was found. They got AI. They got chat GPT to write the report for them. They were using bogus footnotes. These guys are just absolute crooked shyers and they are they are draining. In the last 5 years, those four consulting firms I can't I'm speak to correction. Maybe it was the last I think might have been the
• 39:30 - 40:00 last 10 years. In the last 10 years, those four consulting firms have sucked down 21 billion dollar from our federal government. Bang. Right there. You don't need those taxes on super. Whilst you're having a drink, I just want to emphasize to the good people of Australia and around the world. I'm just going to quickly I'll try to quickly read through all the taxes. Andy, have a bit of a breather. But this is where I've said the most expensive thing in my
• 40:00 - 40:30 life is actually my government. So, it's not my home, it's not my food, it's not my water, it's it's not even my pets. And I have a dopamine who's very expensive to maintain. the most the biggest expense in my life is my government. And one of one of the viewers out there said, "I'm going to leave if they start taxing that." And we can see on the Laffer curve, I think it was Norway, uh when that you start taxing too much, people start to flee and you start to lose uh revenue. But these are just quickly the taxes if I may that we're paying in Australia. So
• 40:30 - 41:00 for the federal but government personal income tax, company income tax, goods and service tax, capital gains tax, fringe benefit tax, medicare levy, Medicare levy search charge, fuel excise, tobacco excise. I just touched on that tobacco exercise. The tobacco exercise is so high now. Not that I'm a supporter of smoking, but that it's something that we can access. It's now creating gang wars in cities where the illegal tobacco trade is resulting in buildings burning and people dying. Moving on. Alcohol excise, wine equalization tax, luxury car tax, customs duty, passenger movement charge,
• 41:00 - 41:30 superanuation contributions tax. So you're paying super tax on your super as it goes in. Superanuation death benefits tax, major bank levy, petroleum resource rent tax, dividend withholding tax, interest withholding tax, royalty withholding tax, agricultural tax. Now that's federal tax. We're over halfway. State and territory government taxes. You've got pay payroll tax which in my opinion is one of the greatest crimes in this country because you are taxing the employer for creating employment for people. It just does not make sense to me. An employer creates jobs, takes
• 41:30 - 42:00 people out of the welfare state and the consequence for employing too many people or paying too much money to your people is a payroll tax. You then have land tax, stamp duty, fire service levy, motor vehicle registration fees, driver license fees, insurance taxes. Then you've got local taxes which is your council rates. Finally, in your other taxes, you've got exit tax. So, if you leave, you've got boat registration fees, passport renewal fees, road tolls, pet registration fees, visa application charges, and more. And now they want to
• 42:00 - 42:30 tax after all of that. You're super. It it it hurts me, Andy. It It really hurts me. Um, if you were in and they put the T Let's just do a thought experiment. Labor wins and you get in, how do you stand up to this type of tax? What do you actually do? Nothing can become law in this country unless it
• 42:30 - 43:00 passes both houses of parliament. Okay? It's got to pass the House of Representatives. It's got to pass the Senate. Labor will not have the numbers in the Senate. They don't have the They don't have the numbers now. They won't have the numbers on Saturday night, which means that crossbench senators in the Senate can block the government's
• 43:00 - 43:30 legislation. So, what you need to do is you scramble around and you put together a coalition of crossbench senators. Here are the people I can work with. David PCO, Barbara PCO, if Labour gets in, probably not Deb O'Neal because I I could certainly work with her. I've worked with her very productively, but she'll be bound by her caucus. But so I would have to leave out
• 43:30 - 44:00 Deb O'Neal, Andrew Bragg, Malcolm Roberts, Nick McKim, uh me. That's six. That's off the top of my head. There are six senators that I've worked with in the past very productively. I've got existing very good relationships with them already. I respect them and I believe they respect me. Andrew Bragg said to me, I'm sure he won't mind me telling you this. I had a meeting with
• 44:00 - 44:30 him a couple of weeks ago. He said to me, "Andy, your advice is sought across both sides of the aisle. People across both sides of the aisle in the Senate seek your advice. They listen to your advice. They listen to your recommendations. You have a lot of respect in the Senate." Okay, there's six of us. Six of us I imagine would be enough to block the government's legislation. So the government comes up with some cockaman cockami hairbrain scheme to tax
• 44:30 - 45:00 super. No answer computer says no. That's what I do. And by the way, Adam, I've just had a message from someone on my team to say, "Andy, Andy, you swore YouTube is going to delist this video." Mate, I'm sorry. No, it it doesn't it doesn't delist it. It It stops it going to certain groups who can't see
• 45:00 - 45:30 it. It reduces ad revenue and it doesn't come up on as many searches as I understand it. But there's so many people in the chat. Look, it's free speech here in Well, hang on. I don't own YouTube, so it's not my rule. It's YouTube's algorithm's rule. Um, I want you to speak freely. I want you to speak on on YouTube. When I dropped that word, it was I was speaking off recance and it has a completely different meaning. So
• 45:30 - 46:00 stuff you I love it. He's creative. Um, look, a lot of questions. If I may, can we try and do a reasonably rapid round so I can get as many questions in as possible. Um, I don't want to hinder your speech. I want to try and get as many people to talk, but also allow you to speak freely. Um, so I think this one's already answered. It was is pretty earlier. Cynthia says, "How will you tackle all of these crippling taxes?" But do you want to expand on that question? Is there
• 46:00 - 46:30 anything in particular you do uh as as can I prompt your thinking? I I wonder if we have a spending problem as opposed to a tax revenue problem. So in my world as an economist, we're always talking about how we as Australians as citizens, we are blamed for inflation. It's your fault, Australia, that you bought that cup of coffee when the reality is I didn't print the money supply, someone else printed the money supply. Equally, when you look at the spending of the people, it's not me buying a cup of coffee that contributes
• 46:30 - 47:00 to inflation. That's not inflation. That's price equilibrium and competition and stimulating the economy and creating jobs. Yet, I'm blamed for inflation because I spent too much money. I didn't spend too much money. Again, I stimulated the economy. I created jobs and I kept money flowing through the system. And also, by the way, I generated tax revenue through GST when I bought that cup of coffee. The counter to that is the perhaps we as a government as in whoever's in charge perhaps they are spending too much money. Is there any areas that you could
• 47:00 - 47:30 see that we could cut some of this spending? Well, where where are we wasting money is probably the easiest way to respond. I tell you what I'm no longer in favor of. I'm no longer in favor of $90 billion for submarines. Considering that Donald Trump, considering that this country, this country's warriors have shed their blood, have given their lives, have stood shoulder-to-shoulder with the United States of America, in Korea, in Vietnam, in both Gulf
• 47:30 - 48:00 Wars. We have been a true and loyal friend to the United States. And how have we been thanked for it? Being kicked in the teeth. I'm not up for that, man. You can't respect Australia. You can't respect what we've done. You can't respect what we've done for you for 50, 60 years, you bastards. If you treat us this way, you for you to treat us this way, Donald Trump, get your own security pact. Not spending $90 billion. And if we do have
• 48:00 - 48:30 to spend $90 billion, let's buy British submarines instead. Lisa Rich Cook says, "Do you believe Australia should withdraw from the WHO, the World Health Organization?" And as a founding member of the United Nations, Lisa, one of the things that I stay true to is I stay true to my field of expertise and I don't get I don't go down rabbit holes where I don't know what I'm talking about. I don't talk
• 48:30 - 49:00 about stuff where I don't know what I'm talking about. What do I know about talking about competition, goals and wars, the banking industry, financial regulation, making bank executives accountable for the way they treat people, party political donations, that's the stuff I know and understand. Everything else, and that's enough for one senator to keep me busy 24 hours a day for the next three years. Everything else, it's not my field of expertise. I don't offer a view.
• 49:00 - 49:30 Lisa's got countless good questions. It it it expands on the previous and also wraps uh intertwines with what we're talking about government spending. She says with Australia having a permanent diplomatic mission to the United Nations headed by reps from Ozade AFP and she said AFD I think she mean she meant ADF. Do you think that we will see a US type doge that is a department of government efficiency investigation to bring transparency to Australians? Could that perhaps be an insight into the cost of
• 49:30 - 50:00 living? I definitely the cost of inflation. I definitely think that competition will bring benefits, but I also think that it's time for us instead of constantly going to Mckenzy's and Boston Consulting and PWC and KPMG to tell us how to do everything from tying our shoelaces to taking a piss. We we should be employing people in the government whose sole purpose is to find
• 50:00 - 50:30 ways to make government spending more efficient. Any big corporation would be doing that. And I can tell you defense is not spending money efficiently and they are spending huge amounts and it's so important. Every single dollar that we especially defense every single dollar we spend there we've got to get maximum bang for our buck because that's our safety. That's our national sovereignty. Emma Matter of Time says, "Will you stop
• 50:30 - 51:00 geoengineering?" I don't know what geoengineering is. Lisa Ridge Cook, she's got so many good questions. She says, "Currently, the government extract from super market rates, fuel excise, FPT, corporation tax, payroll tax, alcohol, alcohol and tobacco excise, GST, customs duties, and government accumulated tax based on a percentage of supermarket profit." She goes on to say, "Are you aware of the alleged stealing of our home titles by a name change from the freehold lease
• 51:00 - 51:30 hold?" So, that's two separate points. Are you aware of alleged stealing of home titles by name changes? No, I'm I'm not aware of that. Um, I'm not aware of that. That's okay. We can't know everything. Lisa Ridge Cookook says, "What drives you to continue down the righteous path to save Australia?" That's a very good question. That's a great question. Yeah, that's a very good question because you know what pisses me off? Politicians who say, "Send me to Canra, I'll drain the swamp." And then they go to Canra and they become a swamp
• 51:30 - 52:00 creature. I cannot tell you how that pisses me off, man. And you know what? If nothing else, it is just it's so unimaginative. It's so cliched. Barnaby Joyce, he said he was going to go to Canber and he was going to clean the place up. Next thing, he's passed out drunk in a on a bloody footpath. And when he's not doing that, he's he's he's waxing lyrical from the Quantis chairman's lounge. How do you how can you be sure that that won't be
• 52:00 - 52:30 me? Best answer I can best answer I can give you. Ask PWC about me. Ask them if I'm a a bulldog with a lock jaw and a bone. When I get my teeth into something, it's like I've got lock jaw. I will not let it go. Don't believe me? Ask the CEO of PWC what it was like taking me on. It was very easy for me. There were lots of opportunities for me, lots of offramps that were offered to me along the way. Plenty. Andy, stop making
• 52:30 - 53:00 such a scene. Andy, you're bringing a lot of problems for the university. Andy, the university's got Ellen's PWC's lawyers chasing us down. Andy, won't you shut up, please? Andy, can you please turn down your LinkedIn posts? No. As Margaret Thatcher once said, the lady's not for turning. Well, there's immense amount of questions around tax. We've covered a lot of tax, so I I won't repeat too much, but there is two parts here. It says, uh, Cynthia says, "How will you
• 53:00 - 53:30 tackle crippling taxes, Andy? We've gone through that." And then Clintron says, "Could the solution be less government rather than more regulation?" So we can see in other I think Argentina um you can see Malay throwing out all these government departments. Government departments I think I won't mention them here because that'll be offensive to some people but some were related around gender some were related around other gender topics. I don't want to touch it because it's going to trigger the algorithm. Um do you see opportunity to downsize government anywhere or is it a
• 53:30 - 54:00 case of just more money into government bigger government and it looks good on the books? Definitely not just let's get bigger and bigger and bigger. You got to understand there are things that people expect and there are things that people are entitled to. If somebody gets sick in this country, I want them to be able to walk in to a great hospital and if it's their kids that are sick, I want those kids to get great medical care. I want to be able to drive around on roads that don't have potholes.
• 54:00 - 54:30 If we get threatened by a foreign power, I want us not to be defending ourselves with rowing boats, right? If uh when people want to communicate with each other and when people want to do business, we should have a worldclass I don't know whether it's whether it needs to be a fixed line NBN. It probably doesn't. That was probably a very bad investment. They're probably much better forms of technology. But be that as it may, we need to have
• 54:30 - 55:00 worldclass technology in terms of the way we communicate. There are things that we need that we expect to have as a world-class country and that we should have. How we pay for them, I think that's got to be there are there is so much room for improvement there. And one of the ways in which we can have a lot of room for improvement is stop spending money. Every time we hire a consultant, every time a government department hires
• 55:00 - 55:30 a consultant from PWC or KPMG, they're hiring somebody that costs 10 times as much per hour than if they hired somebody to do that job. And you know, I had dinner with a couple at the start of the year. I obviously definitely won't mention their names. and she said to me um ah you know she's she's looking for a new role. So I said oh okay you know what what did you what have you been doing? She said well
• 55:30 - 56:00 I was working for the department of health for 10 years. So that's interesting. So why are you looking for a new role if they made you redundant? She said no I'm in a consulting firm. I went I'm in a consulting firm. I went hang on. Um, so you you work for a consulting firm and they've been in that government department for 10 years. She went, "Yeah." I thought, "Do you know what it would cost
• 56:00 - 56:30 to bring consultants into a government department and have them squatting there for 10 years? Like, are you insane? You could run that department for a hundred years on that on on that on what you've paid these guys for 10 years. Like this is madness. You can't bring consultants in for 10 years. If you've got a consulting job that's going to take you 10 years, mate, then you need to hire someone in that role
• 56:30 - 57:00 because hiring someone in that role is actually going to cost you onetenth per year of what it'll cost you to hire somebody from PWC. This is, you know, the expression pennywise and pound foolish. There's a lot of pennywise and pound foolishness going on, man. There's a lot of trying to hide expenditure and spending 10 times as much as we need to. And then on top of that, corporations that don't pay tax. I hear this from tax specialists all the time. They say to me, "There's nothing
• 57:00 - 57:30 we can do about it because we're part of a tax treaty. We're a we're a sovereign nation, mate. We're a sovereign nation. And as a sovereign nation, we have the right to to sign up to a tax treaty in the same way that we have the right to withdraw from a tax treaty. Once we've signed up for a tax treaty, we're not locked into that forever. Every treaty that you sign has methods where you notify the other treaty members, I'm
• 57:30 - 58:00 withdrawing. So if we are if we've been signed up to to tax treaties where multinationals are coming to this country and earning billions of dollars in revenue and paying no tax because they're based in Ireland when in point of fact they don't do anything in Ireland. All they've got in Ireland is a PO box withdraw from the tax treaty mate. Another question. Uh I can't find it. There's so many. But do you have a view
• 58:00 - 58:30 on abortion? I'm trying to get through as many. It's kind of left field. Uh your your thoughts on abortion laws in Australia. I um it's it's not my field of expertise. If it's not competition, cost of living, bank regulation, buying off politicians, people's bank, I don't touch it. Ann says, "Can you please list the other five?" I'm not sure what she's
• 58:30 - 59:00 referring to. Are you tracking those other five. Other five what? Don't know. Jody for Jesus says, "If I lived in New South Wales, if I lived in New South Wales, I would vote for you, Andy." Um, there's another question. Someone said, "Why so many?" Kurly says, "Why do you think so many people have voted early? Are they complacent?" In my opinion, many people vote early so they don't have to wait in the long lines on on Saturday. Your thoughts? I couldn't agree more. I don't think I don't think it's because they're complacent. I think
• 59:00 - 59:30 I think this is another example of where politicians underestimate the intelligence of Australians in their ability to see what's going on and to make up their minds. Which is why, by the way, the two major parties are at their lowest level of primary vote support in a generation. Good news from Jason M. He's come over from Mount North's channel. He says, "Didn't YouTube remove all the censoring since Trump got in or is it still woke?" So it it hasn't been or or removed but
• 59:30 - 60:00 if it has been well good news. Um they've also spoken about if we leave so many Australians many Australians are fleeing this country. I remember I think it was under Kim Beasley. I remember as a kid he was saying this thing called a brain drain that a lot of people are fleeing the country. So in my space, my world is uh economics, crypto, finance, money. And consequently, when you're in the business of money, uh not to sound pompous, but when you're in the business of money, you typically make money. But
• 60:00 - 60:30 consequently, many people in my industry, in my community, they're fleeing the country because they're doing the right thing. They've come here, they've gone through university, they've paid their fees, they're now working, they're paying their taxes, but the taxes just keep going up and up and up and up and up and up. And of course, the Laffer curve, as we know, is once you get to a certain point, you've got to flee because when you start paying 90% of what you're earning in just taxes, even if it's 70%, you go to where your money is treated best, particularly when you have the ability to go to where your money's treated best. There's now a
• 60:30 - 61:00 rumor about taxing Australians who leave the country. So, you earn tax when you're here earning. You pay tax when you earn the money. You pay tax when you spend the money. You pay tax when you employ people. Then you're going to pay tax on your super when you contribute to it, then when you take it out or if you don't even touch it. Then if you want to leave the country, I I have heard this rumor as well that they want to do an expat tax. That that is if you're leaving the country, they're going to tax you on that. Are you tracking that law? And what is your stance on it?
• 61:00 - 61:30 And unless they're going to be unless they're going to be initiating some force from Star Trek, they're just dreaming, mate. Like if people are earning if people are earning taxes and setting themselves up and living in other countries they have no jurisdiction. They have no capacity. They have like if impossible. Interesting comment from uh Kuini O. She says or they say Coohl's
• 61:30 - 62:00 and Woollies pay towards ALP and LNP campaigns but the government charges them so much tax. The government are gouging are gouging the duopoly and then the duopoly pass it on to us. Your thoughts? If we had four supermarket chains, if we had eight supermarket chains, if we had 10 supermarket chains, if we had one supermarket chain, the government would be charging them the same rate of tax. It's irrelevant.
• 62:00 - 62:30 Gail Davidson has given good advice. She says, "Hit that like button to help cancel the swear words." Everyone, everyone tap that like button. Um, it does really help. And subscribe if you're new. Um, it's good to have so many people here. I I have never seen I've only been doing this for nearly a decade, but I have never seen the chat so alive. People are hungry for change. The brain has destroyed South
• 62:30 - 63:00 Africa. Destroyed it. like the university I the uni I went to in Johannesburg I get an alumni magazine and they you know track where graduates of the university are and the contribution that the graduates of that university make all over the world at gobsmacking head of pediatrics at this world famous hospital and head of nuclear research at that institute and head of this Fortune 500 company and all
• 63:00 - 63:30 of those people left South Africa because of corruption and I I know the term brain drain very well because it was always spoken about when I was growing up in South Africa. I've never This is the Tonight is the first time I've ever heard the words brain drain used in relation to Australia. And God almighty, how how can we be talking about a brain drain from the best
• 63:30 - 64:00 country in the world? And this goes back to where our talk began this evening with Joe Aston saying that we're being led by numpties. We're being led by two of the most uninspiring, no no courage, no vision leaders that we have seen in a generation. These guys, you know, he says all they do is mirror each other with their policies, say the same thing,
• 64:00 - 64:30 offer people a sugar hit, and we'll just keep the slow motion train crash down to oblivion. But you know what? There's hope. There's hope because if we get a lot of independence in parliament, this two-p partyy system, this two cheeks to the same ass, this liberal and diet liberals, fewer calories, same great liberal taste, this two-party system where it's actually one party with two
• 64:30 - 65:00 names, it's going to come to an end. and Coohl's and Wworths and Quantis and CBA and NAB and A&Z and Westpak and KPMG and PWC who've got our politicians wrapped around their little finger that can't do it when there lots of independents because you you can you can control a political party by controlling its caucus and you control its caucus by controlling by by donating a lot of funds to that party. So that when people
• 65:00 - 65:30 go into the caucus, and I I know people in the Liberal Party and I know people in the Labour Party who go into the caucus and they say to their colleagues, "Guys, we've got to fix this." Like, there are good people. Make no mistake, I'm not going to sit here and say to you, "Everybody in the Liberal Party's a [ __ ] Everybody in the Labour Party is a dickhead." It's not true. There are good people in those parties, but they are hamstrung and they are blocked from doing anything good because when they stand up in the caucus and they say, "Let's do something about this problem."
• 65:30 - 66:00 The the other members of the caucus go, "No, but you'll upset the donors." Can't upset the donors. Haven't you been listening? We can't fight the next election and be in power in two months time if we upset the donors. So sit down and shut up. You can't control the small minor independence that easily with donations because it's like hurting cats, right? They're going off in every direction and they they coming up with different they
• 66:00 - 66:30 the one wants this thing and the one another wants a different thing. So where where do you donate? How do you manage that? You can't. So the whole thing, the whole system, the whole system of controlling our politics with party political donations starts to collapse when you have lots of independence. And Anthony Clan, and you should read his his newsletter, the Claxon, he's a fantastic investigative journalist. He has smashed big corporations in this country. He has uncovered the most incredible scandals
• 66:30 - 67:00 in this country. He has had he's when the PWC inquiry was going on, Anthony Clan started doing uh exposees on a thing called the the board of taxation. He would put something up on Monday about the board of taxation and on Tuesday they shut the board down, right? This guy had these bastards on the run. One of the things that Anthony Clan has been reporting on is that the the the the yuggov polls are saying they're
• 67:00 - 67:30 going to be a lot of independence in the next parliament. That's a good thing for us. Not such a good thing for Coohl's and Woolworths. Not such a good thing for Vanessa Hudson running Quantis and she wants to be like Alan Joyce before her and get $125 million in 10 years. not such a good thing for Commonwealth Bank and NAB and Westpak and A&Z which are now by a proportion of our both according to the following measures return on equity as a proportion of our GDP and in
• 67:30 - 68:00 absolute terms of the most profitable banks in the world. Put that in your pipe and smoke it. 27 million people, a country that has a population the size of Jakarta, a population roughly maybe a little bit bigger than the size of Mexico City is producing four of the eight most profitable banks in the world. It's
• 68:00 - 68:30 unbelievable. And how they how are they so profitable? They're sucking it up from us. Oh, I tell you what I'd like to do. I've got a special I've got a special little I've got a special little something for those big four banks. Size doesn't count. It's how you use it. I'm assuming, of course, this is all metaphoric. We don't support violence.
• 68:30 - 69:00 There will be no violence. It's metaphoric. I I understand it, Andy. But you know what they do. You know what they do? They'll jump on you for anything. When they come with their confected outrage, their jumped up confected outrage. Oh, you threatening violence. How do you beat a bank? Obviously, it's a metaphor you [ __ ] That's my answer. Do you have an opinion on a few people have asked, do you have an opinion on climate change? So, um, two major camps. I'll set the scene and then you respond.
• 69:00 - 69:30 Um, climate is always changing. Certainly when I was a child, I remember that we were being scared with the ice age. We were told that the world is going to freeze and we're going to be like dinosaurs. So look after the environment, otherwise we're going to freeze to death. Then somewhere around my 20s or 30s, the narrative flipped and it said, "No, we're all going to boil to death. It's really hot." Then we can see climate change historically is going up and down. So on one hand, so I'll do the two ends of the spectrum just to set the scene and then you fill in the blanks. Uh climate is always changing. Climate
• 69:30 - 70:00 is part of nature. the change is always going up and down whether it's in short term with the seasons or long term with the earth freezing or getting hotter or a bit of both. The other end of the spectrum is we're all going to die. The seas are going to melt. It's all our fault. Stop all coal. Stop all um burning fossil fuels. People bad. We're destroying the environment. So those are the two extremes. Where do you sit on the policy?
• 70:00 - 70:30 I I say this out of respect to your viewers and out of respect to people, excuse me, who may decide to vote for me. I will not I will not be a politician who opens his mouth about absolutely everything. I talk about the things I'm an expert in everything else. I'm not a climate scientist. I don't talk about it. It's not my field. And if you said to me, "Well, where will you be voting if that stuff comes up in the
• 70:30 - 71:00 Senate?" I'll be in my office getting my research ready for when the banks appear before me. That's my job, right? My job is big four banks. You've gouged this economy. You've driven this cost of living crisis. The cost of finance is represented in everything. The cost of finance is represented in the price you pay at the bowser, the price you pay for bread, the price you pay for your kids education, the price
• 71:00 - 71:30 you pay for the roof over your head, the price you pay for public transport. Yes, the price price you pay for public transport. A&Z was manipulating bond rates, which means the government was paying higher interest, which means the government will pay more to build more infrastructure, which means the government will charge us more to use the trains. That's where my expertise lies. everything else whether it's climate change or abortion or the
• 71:30 - 72:00 plight of the fairies at the bottom of the garden or welcomed country or are the asteroids falling on the earth or I don't talk about stuff I don't understand because to do that implies it's a level of arrogance and I think you've got to have a some measure of humility and you've got to say I don't know this is not where I can make a contribution. I focus my energies where I can make a contribution.
• 72:00 - 72:30 Practical question that's coming up repeatedly. Um, can you vote for Dr. Shimlo in Queensland? If so, how? Um, so I, if I may, so Andy's going for a seat in the Senate for New South Wales. Uh, but he's also representing uh the Citizens Party. So, I don't want to steal your thunder there. If people can't vote for you because they're not in New South Wales, what's the guidance you give them? Vote for the Citizens Party. And if you can't vote for the Citizens Party, if you're in an electorate where you can't vote for the
• 72:30 - 73:00 Citizens Party, don't vote for the majors. Don't vote Liberal. Don't vote Labor. Don't put them second. Don't put them third. Put them last. Sorry, I just I just cut you out there. So, you said don't vote second, don't vote. Someone actually said recently that so if you're voting above the line I if you're voting voting above the line you do one to six right but someone said that if there's seven spots so you've got you get six numbers if you're voting voting above
• 73:00 - 73:30 the line for the Senate there's seven options but you get one through six someone said that the best way to not vote for Labor or Liberal or whoever you don't want to vote for I'm not telling anyone who to vote for that's very undemocratic of me But if you don't want your preferential vote to fall to another candidate, they said just don't put a number next to Labour or Liberal or the Greens or whoever it is you don't like. Are you tracking those details of voting? I don't think that's right. I think that if you vote above the line, you have to put a number next to you
• 73:30 - 74:00 have to put a number in six boxes. Look, look, I speak open to correction here, but I think if you don't, it's a spoiled ballot and it doesn't count. But listen, I'm please I speak open to correction there. Yeah, I'm pretty certain as an Aussie I it's you think it's so simple just by putting numbers in boxes, but when you actually go into the details of what happens to your preferential vote, it's
• 74:00 - 74:30 not so black and white. And this is where some people say, "Well, maybe we even need a reform of the entire voting system." Because by default, it appears that a lot of votes are going to Labor and Liberal when that wasn't the intention. And of course, when we first spoke, I said, "Why were there only two candidates on the stage?" And recently, I had a a really good guy. I really liked him, the Honorable uh Dr. Andrew Lee, MP of the Labour Party. I had him on um I didn't agree with his policies, but he was a fantastic guy. He was very easy to speak to and he was very
• 74:30 - 75:00 articulate and he was very kind and uh he gave me his time so we could hear the other side. And some of the viewers said, "Hey, Adam, thanks for having the left on." I said, "No, no, I'm I'm here to have anyone on. I'm I'm about free speech. I want to hear all sides, but I can't make all politicians uh speak to me." But I I asked him I said to a sitting member, I said, "Why do we only see Labor or Liberal in these votes, sorry, in these um debates?" and he said something along the lines of well you know we can't have every I'm paraphrasing terribly so the interview's
• 75:00 - 75:30 out there if anyone wants to see it but the the gist was well we can't have everyone on the stage so we just had the those who are leading the charge so to speak and I thought well maybe if we had more on the stage more people would be leaving leading the charge and one of the things I'm getting from the minor parties is that they get no exposure so citizens party as an example who you're representing they don't get much airtime. Um, I would suggest that one nation doesn't get much air time. Uh,
• 75:30 - 76:00 the Greens don't get the equivalent amount of airtime. Um, and you know, on one hand, well, maybe it's the free market and they just want the big parties. But on the other hand, maybe that's manipulating the free market. There's a lot to it. Um, super chat here from Jason. 50 generous dollars. That's got to go straight to the top. Jason, I'm very grateful for this. Gosh, there's so many comments. My apologies to everyone if I'm not getting through all your comments. It's because the chat is melting. If you want this message to go further, I ask everyone, can you please hit the like button? And if you really want to help this message, the
• 76:00 - 76:30 best thing you can do is share it. So like and share. It's free to do. Uh but super chats must take priority because I believe in the free markets. Jason M, thank you very much for the generous $50. Out very quickly before we go to Jason, if you vote above the line, you must number at least six boxes one to six. Yes. And where I saw today, I I voted today because I've got to work tomorrow. There was seven boxes above the line.
• 76:30 - 77:00 Leave one. So I had to leave one out. And so I think for everyone if you're depending what electorate you're in, I'm guessing maybe if there's seven or eight boxes and you've got to do at least six, if you don't want someone to get your secondary vote, if you will, or any vote, it sounds like you got to leave that blank. Okay. Okay, so here from Jason. He says, "I view the Vic windfall gains tax on property as unrealized capital gains tax on affected properties. Isn't the windfall gains tax that someone may own property that appreciates, but some may have to borrow
• 77:00 - 77:30 to pay the tax before it's sold? Thoughts? Andy, your thoughts? I'm not I'm not sure I understand the question. I'm not sure I understand the question either, I'm afraid." Uh, Jason, for 50 bucks, I want to make sure you get Let me read it again. I view the Victorian windfall g you said vic windfall gains tax on property as unrealized capital gains tax on affected properties. Isn't the windfall gains tax that someone may own a property that appreciates but may have
• 77:30 - 78:00 to borrow to pay the tax before it's sold? Thoughts? So I interpret that as saying you have to pay tax before you sell the property. Are you tracking? Yeah. I don't know. I think what this hinges on uh since 1 July 2023, the windfall gains tax has been applied to land in Victoria that is reszoned from one zone type to another where the reszoning results in a value uplift to the land of more than 100,000. Okay. So in other words, the windfall gain is if
• 78:00 - 78:30 your property is reszoned, reszoning increases in value more than 100,000, then you have to pay tax on it. Um, okay. So sounds like Victoria is almost facing, but it's because the reasoning of the property and if I may just to the viewers as I own a lot of property and and people say, "Hey, you're so lucky your property went up in value." or so people who own property and they're like, "Hey, look how great I am that the
• 78:30 - 79:00 property went up in value." And I'm like, "If you're not liquidating the property and your rate, sorry, and your rent isn't going up in proportion." What people forget is when your land when your property goes up in value, nominal value, I should say, than nominal versus real, you've got to pay the government more more tax because you're paying rates and land tax on based on the value of your property. Now, if the property then goes up and you haven't, even if you're living in the bloody thing, you haven't sold it, you haven't liquidated, and people say, "Well, I can claim it on
• 79:00 - 79:30 tax if it's an investment property, I can assure you it's much better to be positively geared than negatively geared because positive cash inflow is better than negative cash inflow." We've been coached into a position where we believe, oh, no, you want to run property at a loss, so you can claim it on tax. You can only claim so much on tax, but in any case, when your property goes up in value, well, I just go with the one that you live in. You've then got to pay the government more tax. Equally, you've got to pay them you've got to pay the insurance companies more insurance because you're paying a percentage one way or another of what the value of the property is. So to all
• 79:30 - 80:00 Australians out there, I I say this with good intent, it's not necessarily so great when your property value goes up so high because you're paying more and it's excluding people like first homeowned buyers, first homeowned buyers from the market. Property is a big thing in this country. From where you're sitting, Andy, what needs to change in property? Do we leave it as it is? Do we remove negatively gearing benefits for future investments? Do we um bypass the
• 80:00 - 80:30 entire system and make houses available? I did see a very good um suggestion recently. I thought it was pretty good. I was reading in a a local magazine and there was a scheme that someone was suggesting for only for first home buyers where the governments buy the houses, create the houses at a fixed contracted cost on new land and only make it available to the first home buyers. The first home own homeowned buyers then get a fixed
• 80:30 - 81:00 interest rate. I thought that was a pretty good deal. And then when the first home owned buyers later sell the property in many years, the government takes 25% of the profit or the gain of that house. And I actually thought that was a reasonable idea for first homeown buyers because it prevents a situation where Howard comes in in the past to put $7,000 first home owners grant on all houses and then all the property went up by $50,000. Then he doubled it to 14,000 14,000. So all the properties went up by $150,000. Uh not exact numbers here, but
• 81:00 - 81:30 it certainly felt that way. If you remove the commercial entity out of this, whether it's the banks, the real estate developers, the speculators and so forth, and you make a direct link between government creating the properties through contracted work, therefore creating jobs, and then providing the link to the first homeowner buyers and then a set interest rate so banks don't get too involved or let's face it, the banks will be involved. These are just many ideas that are going around world according to you, Andy. What do you do? 100%. I think what you I think in many ways you've hit the
• 81:30 - 82:00 nail on the head there about some of the solutions. I think that when we hear Peter Dutton say he'll let people access their super guess what that's going to do. That's going to drive the price of property up even further. Absolutely. Absolutely. It's going to make it skyrocket. And not only will it make property even more unaffordable, it'll be more unaffordable and people will be worse off in their retirement. Like that's just a double
• 82:00 - 82:30 double whammy of badness. One of the things that I um will be driving very hard if I get elected is a people's bank and uh run through our post offices. There are a lot of people who will say uh we've had state banks and state banks went bankrupt. Uh yeah well a lot of private banks have gone bankrupt. Bank West, Halifax Bank of
• 82:30 - 83:00 Scotland, Royal Bank of Scotland, Bank West, Lehman Brothers, you know, so stop pointing fingers at that. And there are countries, Sweden, New Zealand, where there are stateowned banks that have been very successful and they can be successful as long as you don't let certain types of politicians into the board. Like this has got to be run by people who are competent. But then it can offer interest rates that are
• 83:00 - 83:30 competitive. It can bring competition to our banking industry which is the most profitable banking industry in the world which the productivity commission said is a cozy four bank oligopoly which is screwing every single homeowner in this country because they're charging so much. We can have competition through a post office bank which offers people a realistic opportunity to get into a loan, a realist realistic opportunity to get a loan they can afford and to buy a house. And then I think we've got to think
• 83:30 - 84:00 about immigration. You we're not going to be able to build enough houses and we're not going to be able to bring down this spiraling cost of property if we're going to have two million people immigrating to the country every year. I mean, that's just a fact. Like it's supply and demand, mate. and we can't keep up with demand as it is. So you've got to understand there are immigration implications at work here and there are also implications for people from other countries who land bank. I heard a
• 84:00 - 84:30 figure. I can't remember what the figure was, whether it was something like 900 apartments in South uh Southwalk. Um um what's the apartment district in Melbourne? Not South Bank, the other one. The um the new one that they built around the Docklands. The Docklands. It is called the Dockland. Something like that record no water usage. Yeah. No water usage because nobody's living there, right? So wealthy investors from countries where they are nervous about what's going to happen to their money.
• 84:30 - 85:00 If there's a change in government policy, they buy property in Australia, nobody lives there. That's not helping with the the value of property. That's not helping get getting people into a house. That's not getting helping people get a roof over their head and having a home somewhere to raise a family. So there are there are a number of prongs to this that need to be attacked. The bank regulator appraa the bank regulator is a real problem. The bank regulator refuses to allow competition in our banking industry. I have consulted to a
• 85:00 - 85:30 number of small banks that have said to me we are tearing our hair out. APPA won't give us won't allow us a full banking license. Of course they won't allow a full banking license because as far as they're concerned if they've only got four banks to regulate A&Z Commonwealth NAB and Westpack that makes their job easier. Well you want an easy job bank regulator it's up to me. I'll give you a really easy job. Get out. I'm I have to say, Adam, I hope you don't mind me saying this. Uh I'm feeling where they've cut
• 85:30 - 86:00 into me starting to just spike and I'm going to need to get onto some pain meds. Not at all. I I only expected an hour. We've gone for an hour and a half. Um I want you to get your money's worth. Not that I'm there's no money involved here. I'm all about free speech. Now look, the the stream melted with um preferential voting and how to vote. I need to formalize this. No one is formally giving you advice on how to vote here. So this is to the
• 86:00 - 86:30 viewers, but someone did make a very com a good comment that they said, "Damn, it's so confusing. Not even the candidates not what know what's going on." And I thought that was a great comment. It's a bloody good comment. So what I've done here is I've looked from ABC News. I have a link here that I'm putting into the chat, which I can do because I've got god mode. I'm putting it in three times. The only advice I'm giving all the viewers out there is first of all, you choose who you vote for. Second of all, listen to the electoral commission when you go to vote tomorrow. Listen to their advice. Read
• 86:30 - 87:00 the paper. I am not giving you advice. Andy is not giving you advice. No one in the chat is telling you how to vote. We are not qualified in doing that. You are to if you are not sure, listen to the Australian federal election on the commission on the day when you go there. Those who are working in the purple vest, they will tell you exactly what to do. Let's not get into an argument about how to do it. Andy, spectacular conversation. I wish you well. Um I will for the viewers out there, I will be doing a live stream tomorrow to commentate in the evening uh the vote
• 87:00 - 87:30 counting. Final words to you, my friend. If you get in or don't get in, what's your victory or perhaps next next election speech that you want to put to the people? Now, if I get in, I promise you, if nothing else, I promise you entertainment. I promise you, it's going to be an unbelievable show because I will not be put down. I will not be told to shut up. And when it comes to my areas of expertise, as long as I stick
• 87:30 - 88:00 to those areas of expertise, I can take on anyone. I can take on the banks, and I have, and I've beaten them. I can take on the supermarkets and I have and I've beaten them. I can take on the consultancy firms. I've lashed them. So, if I get in, if nothing else, I promise you the best show on TV. And I will drive change to the last breath in my body. If I don't get in, I'm not done. I will be back in three years time because you never parry to the back foot. You
• 88:00 - 88:30 don't take prisoners. And you never ever ever give up. And the last thing I want to say is tomorrow when you go and vote, whoever wins, we're all Australians. Be kind to each other. Gorgeous summary there. I I support that entirely. Whoever wins, we are a democracy. Let's support each other. Let's not follow other nations where they start rioting and go into violence. No matter who wins tomorrow, I
• 88:30 - 89:00 will support the outcome because I believe deeply in democracy. My mission has been to try to give everyone a voice here, those who responded. Andy, uh, you and Senator Renick have had the greatest impact on my channel in recent times. The subs have gone up, the views have gone up. It's been a symbiotic relationship with no exchange of any money. It's time for you to rest, my friend. I wish you luck tomorrow. Thank you for joining me tonight. And to your viewers, ah, don't hurt yourself doing that. Bless you, brother. I'll see you
• 89:00 - 89:30 next time. Cheers, mate.