It's a boomer bubble bursting bash on the front pages of the nation's newspapers the day after the 'most im...
The Sydney Morning Herald makes it very clear who the winners and losers are this time around. Workers and first homebuyers are floating up on the back of some much-needed help while the hot air seems to finally be coming out of negative gearing, the capital gains tax and trusts.
In The Age, Captain Anthony Albanese and his first mate seem to be ditching some heavy budgetary weights in order to keep their boat afloat in the face of a towering wave of inflation . The NDIS, CGT, trusts and negative gearing get the old heave-ho but Suburban Rail Loop funding is locked up tight in the captain's chest.
The Australian Financial Review's cartoonist has painted an almost Dickensian portrait of the budget situation, featuring huge barrels of oil, construction galore and Albanese winding a literal negative gear. The focus is of course the housing hit to investors to woo young voters but there's also a graph in prime place illustrating the nation's growing debt. US President Donald "Miley" Trump makes a wrecking ball appearance that won't be easy to forget.
If Chalmers is appealing to younger voters with the cheaper housing pitch, it looks like The West Australian has bet on video games to get that message across to younger readers. The unmistakable Grand Theft Auto font declares these tax reforms are "game over boomer". The Australian has gone all in on sauciness to illustrate the treasurer's "tax grab".
This year's "enlarged & updated" edition of The Joy of Tax features "full colour revenudes" and "new considered, calibrated positions" from the author of the Chalmers Sutra. In recent years the News Corp tabloids have ditched the cartoons in favour of an all-out pun assault. The Herald Sun introduces its readers to the "Jim Reaper", who's here to read investors their "last rites".
The Daily Telegraph is just straight up calling the treasurer a liar with a communist manifesto.
"Your Capital His Gain" even features the famous hammer and sickle. The literature theme continues in The Courier-Mail with "Jim's Guide to Lying". It focuses on the government's "secret plan" for defending "Labor's budget of broken promises". We're sure the treasurer would rather be described as a Chalmer than a liar but not so sure he'd welcome being blamed for "Chalmergeddon" or referred to as a "debt man walking".
On 9news.com.au, the budget a series of easily digestible budget morsels helps to deliver the full meal quickly and easily. You can quickly check the winners and losers, peruse the most important graphs or dive deeper into what the economic document means for each generation.
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