The case for a higher GST, and what it could mean for you
Summary
The Grattan Institute’s Aruna Sath-Anapali argues for raising the GST to 15% and including food to address fiscal pressures from aging and climate change, despite political resistance. Meanwhile, K2 Asset Management’s George Babouros analyzes the ASX 200’s rise despite a global tech sell-off, noting that AI earnings remain strong but valuations are capped by US-China competition. He also highlights China’s resilient tech exports and France’s bond market stress amid political unrest.
Topics discussed
Intro and sponsor read
Market update and show preview
Grattan Institute proposes raising GST to 15%
Why Australia needs to raise more revenue
Addressing concerns about regressivity and inflation
Message to government on debt and fiscal buffers
Sponsor and advertising break
ASX200 performance and global bond yields
Analysis of the tech sector and AI valuations
China's economic growth and export performance
Impact of French unrest on global markets
K2 Asset Management outlook for 2027
Sign-off and financial disclaimer
Listen ad-free on Castria