Ponzi Pallas, the Victorian Treasurer, has spent many years making Victorians poorer:
The Victorian treasurer says the federal government’s deep cuts to international university student numbers will devastate his state’s economy from next year.
Tim Pallas called on the Albanese government to reconsider the reforms and warned the move to cap enrolment numbers could have unintended consequences.
“A cap on international students is a cap on economic growth. These caps will devastate our state’s economy, lead to skills shortages, and cost us thousands of jobs,” he said late on Tuesday.
Ponzi Pallas is right. This is going to slow Victorian growth.
But, happily, it is also going to slow Victorian crushloading, meaning living standards will actually rise.
The international student flow already has Victorians facing the highest unemployment rate and lowest wage growth in the country:
As well as footing the bill for massive infrastructure waste as existing infrastructure strains to meet population growth with soaring debt:
And public service parasites mushroom:
Victoria needs to reset. Its existing economic model is dying the death of a thousand cuts as immigration ruins everything.
The first step to fixing it is to stop digging the hole deeper.
