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Redland Bayside News > Community > Legacy for our children is under increasing risk
CommunityFeatured News

Legacy for our children is under increasing risk

By Member for Bowman Henry Pike

Redland Bayside News
Redland Bayside News
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3 Min Read
PIKE’S POINT: Higher spending today will lead to higher taxes tomorrow.
PIKE’S POINT: Higher spending today will lead to higher taxes tomorrow.
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AUSTRALIA stands at a defining moment.

We’ve lived under the promise that each generation would hand their children a better life than they themselves enjoyed.

That promise has shaped our national story and driven our prosperity.

But today, that legacy is at risk.

In recent years, Australia has suffered the sharpest collapse in living standards of any developed nation.

The essentials of daily life have surged in cost; electricity up 39 per cent, rents up 20 per cent, insurance up 35 per cent, food up 14 per cent, health up 15 per cent, education up 17 per cent.

Anglicare reports that a full-time minimum wage worker now has just $33 left after paying for the basics each week.

The local pain families are feeling today isn’t just the result of global factors.

It’s the direct consequence of choices being made in Canberra.

Labor has presided over an unprecedented blowout in government spending, from 24 per cent to 27 per cent of GDP, the highest level outside a recession in nearly 40 years.

That spending is fuelling today’s inflation, pushing up the price of mortgages, groceries and power bills.

Worse still, it is locking in a decade of deficits and leaving the next generation with a $1.2 trillion debt bomb.

Higher spending today will lead to higher taxes tomorrow, and an Australia increasingly dependent on government.

There must be a better way.

We need to get back to basics by reasserting some discipline over our federal expenditure.

That means putting guardrails around government spending, not as an end in itself but to keep our economy strong and ensure our safety net is there for those who truly need it.

We must target welfare to genuine need, reward effort, and stop discouraging personal responsibility and participation.

Some will call this unfair.

But what’s truly unfair is piling up debt that our children will spend their lives paying off.

It’s unfair to promise services that we know cannot be sustained.

And it’s unfair to allow government dependency to replace individual opportunity.

The choice before us is stark.

We can drift into a future of higher taxes, higher debt and lower living standards.

Or we can chart a course for a prosperous, self-reliant nation that lives within its means, empowers its citizens, and leaves a stronger, freer country for the next generation.

The road ahead is clear: live within our means now or condemn our children to pay the price tomorrow.

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