And there you have it. After decades of dreaming of and planning a full-fronted assault on the key drivers of economic prosperity, free market capitalism and individual aspiration, the Australian Labor party has finally achieved its goal – the destruction of the great Australian dream.

Paul Keating tried and swiftly reversed course, Bill Shorten gave it a crack and failed, and in the process landed Scott Morrison an unlikely victory and now those two ultimate undergraduate grifters and chancers, Prime Minister Anthony Albanese and his gormless Treasurer Jim Chalmers, have done Labor’s dirty deed. A dirty deed done not dirt cheap but at a huge cost to economic growth and aspiration as well as literally ‘doing the dirty’: brazenly lying to the public and breaking an election promise. Despite multiple reassurances to the contrary, negative gearing and the capital gains tax discount, both essential to a vibrant property market and the pursuit of individual financial security, have been unceremoniously tossed on the scrap heap.

Lies, hypocrisy and dishonesty. It doesn’t get much more disgraceful than this. The lying is off the charts, with Prime Minister Albanese having repeatedly – by his own admission over 50 times – denied that Labor would ever touch negative gearing or the CGT. It is barely twelve months to the day since the last federal election, yet the Albanese government (or ‘gummint’ as it is more commonly pronounced by its leader) is so arrogant, so deceitful, so consumed with its own vanity and so desperate for cash that it is quite happy to brazenly lie and then get caught advising its MPs how to dress up that lie to the public. Two lies for the price of one.

The hypocrisy is beautifully portrayed by this week’s cover image. Labor MPs are amongst those public servants who have benefited the most from playing Australia’s property market, with one Labor MP said to own no less than seven properties, several with four or more, and many with two or more including the Prime Minister himself. These individuals have secured their own future security via the Australian property market and its idiosyncratic rules, yet they now seek to deny those very same opportunities to all future generations of Australians. This is despicable. Yet again we see the basic tenet of socialism at play – one rule for the elites, a different set of rules for the plebs. And that’s before we get onto the disgusting travel and entertainment rorts.

Labor have the gall to pitch this theft of opportunity as a measure to help young people get into the housing market. ‘In order to save the housing market we had to destroy it,’ might be a more apt way of putting  it. This Labor government is determined to push the once great and free nation of Australia into a pale version of a European welfare state, where high immigration, massive regulations and a vast government bureaucracy push more and more young people into working for the state or being beholden to the state for housing, income and raising children. Indeed, the appalling Finance Minister Katy Gallagher, one of the original ‘mean girls’, and a woman who appears to not understand the difference between net and gross, this same week insisted that childcare by the state should start as early as humanly possible. Collectivism is in, individualism is out.

In Canada, meanwhile, there are reports that at state-run child welfare centres, staff are being urged to look out for and report ‘racism’ among toddlers as young as three. Should Labor win another term – and clearly they now believe they can and will – can Australian parents look forward to this sort of socialist control over every aspect of an individual’s family life?

Green and red tape, not to mention the insidious black tape of ‘cultural heritage’ regulations, are strangling the life out of entrepreneurialism and enterprise in this country. Billions of taxpayer dollars have been wasted, are still being wasted and will carry on being wasted on the most idiotic and pernicious white elephant this nation has ever seen: the so-called ‘renewable energy transition’ scam.

The most terrifying observation about this budget is that Treasurer Jim Chalmers is relying on reducing the rorting of the NDIS in order to fund his extravagant policies. So, in this topsy-turvey world of modern Labor, you claim economic progress is when you clamp down on the crooks!

But the worst thing of all about this budget is how it disallows young Australians from playing the game, from chasing the Australian dream.

These changes will disincentivise an entire generation from aspiring to own their own property in order to secure their own future. Shame on Labor.