I'm not sure the mining-based boom cycle is over. Plenty of demand for minerals still, especially iron ore and coal, plus aluminium and its pre-cursors, then there's the whole battery dilemma. The reality is that Australia is a big old continent and there's lots of it to dig up if anyone finds something they want.
The decimation of the Education sector by this Government during the pandemic will be the largest impact. Replacing that lost revenue is going to require increased taxes. There are plenty of options for that. Google/Facebook, additional minerals royalties/taxes however you want to organise that.
Obviously with both parties, but particularly the LNP completely beholden to corporate interests and neither wanting to annoy Google/Meta they'll probably stuff around the edges and push the debt to the next generation.
The Boomers' last kick in the bank account to future generations.
The decimation of the Education sector by this Government during the pandemic will be the largest impact. Replacing that lost revenue is going to require increased taxes. There are plenty of options for that. Google/Facebook, additional minerals royalties/taxes however you want to organise that.
Obviously with both parties, but particularly the LNP completely beholden to corporate interests and neither wanting to annoy Google/Meta they'll probably stuff around the edges and push the debt to the next generation.
The Boomers' last kick in the bank account to future generations.