Uncomfortable Conversations with Josh Szeps “Don’t F*** it up, Australia” with MP Allegra Spender
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Sep 29, 2025 Join Allegra Spender, an Independent MP and former corporate executive, as she unveils the pressing need for economic reform in Australia. She dives into how tax restructuring could boost intergenerational equity, advocating for revenue-neutral changes that benefit young Australians. Allegra also discusses the importance of housing affordability, calling for stronger renter protections and shifts in tax systems, such as replacing stamp duty with land tax. With optimism for the future, she emphasizes a fair economic policy's role in strengthening democracy.
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Tax Reform Is Central To Big Problems
- Allegra Spender argues tax reform is essential to address intergenerational equity, productivity, and climate transition costs.
- She pushed a green paper because major parties avoided the politically hot topic of tax.
Tax System Favors Older, Wealthier Households
- Spender shows older households often pay far less tax than younger working households despite higher wealth growth among retirees.
- She links this to a tax system that unintentionally advantages older, asset-rich Australians.
Shift Tax Burden From Wages To Assets
- Reduce taxes on wage income and shift the tax balance toward passive asset income to help younger workers build wealth.
- This rebalancing would reduce incentives to over-invest in property and boost opportunities for first-time buyers.