The Economic
Foundation.
Four transparent levies replace the entire tax tangle. A $280 billion Sovereign Wealth Fund deploys $14 trillion across two decades. The budget runs at structural surplus from 2035. Welfare is reset for a country where work pays.
Australia's economic foundation has been rebuilt around four ideas. Tax that is simple enough to understand and hard enough to evade. A national fund that owns the long horizon. A budget that pays its bills. A welfare system that supports the people who need it without trapping the people who are working their way through it.
Four policies, one system
Each of the four policies in this Part is internally consistent with the others. The tax base assumes the Sovereign Wealth Fund's 20-year repayment trajectory. The Fund's outlays assume the budget's structural surplus from 2035. The welfare reform's cost is measured net of the tax cuts the same households now receive. Read in isolation, any one of these reads as ambitious. Read together, they are the only set of numbers that closes.
Tax
Four levies. $770 billion a year. Compliance simpler, evasion harder. $18,000 back in the average household.
ReadSovereign Wealth Fund
$280B seed. $14 trillion deployed across two decades. Defence rearmed, four million homes built, the climate plan funded.
ReadBudget 2025–2050
Two decades, three phases, one structural surplus from 2035. Cumulative balance: +$3.1 trillion by 2050.
ReadWelfare
$228B → $159B. Fewer payments, simpler structure, no recipient worse off. Pensioners gain.
Read