Former Coalition Treasurer Joe Hockey has declared the unprecedented collapse of Australia’s major political parties “completely predictable,” as a bombshell new poll puts One Nation at the top of the leader board.
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According to a stunning Redbridge/Accent poll, Pauline Hanson’s One Nation has surged to 31 per cent, leaving Labor trailing at 28 per cent and the Coalition languishing at just 20 per cent.
Speaking to Sky News, Hockey said everyday Aussies are absolutely fed up with the political establishment in Canberra.
“It’s pretty predictable—there’s a lot of anger in the community,” Hockey said. “People don’t want the status quo; they don’t want the same old behaviour from political leaders; they want change.”
Tax reforms backfire on Labor
The poll results are a massive blow for Prime Minister Anthony Albanese. Even after launching controversial changes to negative gearing and capital gains tax (CGT) concessions to win over voters, Labor actually dropped three points post-budget.
Treasurer Jim Chalmers’ new budget binned the traditional 50 per cent CGT discount, replacing it with an inflation-adjusted model capped at a minimum 30 per cent tax rate.
Hockey warned this new tax bite is a disaster for Australia’s economy, threatening to drive homegrown Aussie startups straight into the arms of global rivals like Singapore and New Zealand. Just recently, NZ Finance Minister Nicola Willis went on a charm offensive, pitching New Zealand as a “great place to do business” with zero tax on capital gains.
“If you’re risking your time, effort, and money to start a business, and you end up giving half of your success to the government, you’re going to look at other options,” Hockey warned.
