Lord Charlton declares ‘let them eat Palm Beach’

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In the week of his election, I warned Lord Charlton to immediately address the brewing Ukraine War profiteering energy shock.

His party did nothing and your utility bills went mad.

Shortly afterwards, Lord Charlton tore down Australia’s border with India, opening a flow of cheap foreign labour to crush Aussie wages and blow rents sky high.

Now he’s doing his bit to fix it:

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Labor MP Dr Andrew Charlton never quite fit the stereotype of a Labor MP, coming from his $16 million Bellevue Hill home to win the western Sydney electorate of Parramatta in the 2022 federal election.

And his recent purchase of a $12 million getaway among the bankers and professional types of Palm Beach won’t add any battler credentials, even if his official residence is now a $2 million pad in North Parramatta’s Lennox tower.

Well-placed local sources say the Rhodes scholar and his barrister wife Phoebe Arcus have purchased the long-held holiday home of the late publican John Toohey, not as a retreat from the rogues of Canberra, but as an investment that is expected to hit the rental pool after it settles later this year.

The residents of Parramatta should behead the fake left Lord Charlton as the first available ballot box.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.