We know the Australian Financial Review’s attitude toward tax reform: that it’s not really tax reform unless it rewards the paper’s wealthy, elderly readers. If it’s not from the Greedy Boomer region of France, it’s just sparkling tax reform.
But so febrile has the AFR been in opposition to the Albanese government’s modest reforms to capital gains tax, negative gearing and the great tax rort of trusts that it’s skewed its coverage of other issues.
On Tuesday, US correspondent Jessica Gardner reported on a rise in Australian bond yields on Monday with some quotes from Sydney-based Australian money man Richard Coppleson, who attacked Labor’s “radical” budget for “triggering a sharp sell-off in 10-year bonds over fears that prolonged, heavy government spending will stoke inflation and saddle future generations with debt”.