Politicians today never seem to go by their word however, they still continue to play a big factor on what changes occur in our society. It’s important now that we’re older to learn more about what’s happening towards our community and the impacts our decisions hold when we cast our votes this next federal election on Saturday, 18 May 2019.
I often ignored anything to do with politics and federal elections. Every time a federal election came up, I would go in and tick any box that sounded or looked good when I got there. I knew nothing about it and yet it impacted my life in ways I could only figure out later in life. Ignorance was truly bliss, but it came a point in my life where I chose to take back as much control of my life and its possibilities as I could. It’s time to take back yours!
Here are some basics behind the two major parties fighting to win the federal election. For more info, feel free to send us an email below or find us on social media for a casual conversation.
According to the constitution in Parliament, a term of office can be no longer than 3 years however, a federal election can be announced any time prior to the 3-year deadline.
PARTY LEADER: Bill Shorten
POSITION: Centre- left
IDEAS & GOALS:
- Reducing the economic gap between the poor and rich
- Increase taxes for high income earners
- Supports the blue-collar workers
- Supporting low/medium income areas (pensioners, Centrelink, Medicare)
- Introduced the Medicare System into Australia
- Taxing more higher income earners which can impact their ability to pay and hire lower income earners
- Supports the use of age pensions to Australian’s and payments to low-income earners like Centrelink.
- Labor believe that more laws and regulations like higher taxes is how society can grow.
- Was responsible for the introduction of Carbon Tax.
- The ability of Labor to use this tax money effectively has been in question time and time again.
- Alliance with the Australian Greens political party.
PARTY LEADER & CURRENT PRIME MINISTER: Scott Morrison
IDEAS & GOALS:
- Minimal government involvement in the economy.
- Allowing markets to operate with minimal government control
- Supporting middle/high income businesses
- Supporting small businesses to compete with larger businesses
- Focused on profit and economic growth
- Main belief is that few economic regulations will be more helpful for society to prosper
- Supports the professional sectors
- Alliance with the National Party of Australia political party
- Increasing economic output for the Australian economy
Steven Wong Accountants
Accounting for Growth