The Trump agenda is a winning formula Downunder.
- Seal the border to restore wage growth, end housing shortages, and repair productivity growth.
- Income tax cuts to revitalise households.
- Corporate tax cuts for all businesses except mining, which gets big hikes to pay for it.
- Drill, baby, drill, while killing the gas cartel (OK, that one is me).
- Diversify away from China with targeted tariffs that reindustrialise the strategic economy.
- Liberate free speech from the woke yoke.
- Threaten RBA bullhawks.
- Drain the Canberra swamp to ensure the last decade of policymaking never returns.
The social conservatism stuff is retrograde but it’s mostly culture war claptrap so it can be thrown out.
FTAlphaville has done a series of charts on why MAGA worked so well at the ballot box. It is a gallery of why it will also do so in Australia.
It all comes down to MB’s favourite bugbear, the gap between headline and per capita growth.
Falling living standards are worse in Australia than America.
Especially for workers.
Real wage falls are much worse in Australia than in the US.
Mortgage belt pain is worse in Australia with much higher interest rates.
Job security is better in Australia but mass immigration undermines it.
Asset prices are not very good for workers.
Workers abandon the fake left for MAGA on the economy.
The LNP should intensify its proto-MAGA agenda for rising living standards: larger cuts to immigration, rate cuts, tax cuts, anti-China, and anti-woke.
If so, there will be one final political benefit.
The hypocritical amalgam of the progressive fake left and real estate-addicted media is already kicking into Trump Derangement Syndrome. As its hysteria builds, it will alienate everybody.
Handled right, MAGA elects the LNP in May and rightly so.
