Most people don’t have trusts, or multiple houses: Bill Shorten on the budget’s tax changes

We’re officially in our budget backlash era, with claims of death taxes, of aspirations killed, and the outraged cries of crypto bros across the nation. Not to mention, of course, the genuine anxiety from regular small business owners and shareholders who are unsure of how all of these changes will affect them. Our guest this week is former Labor opposition leader Bill Shorten, who is now the vice chancellor of the University of Canberra. Shorten knows a thing or two about such backlash, having taken changes to negative gearing and the  capital gains tax to not one, but two elections — 2016 and 2019. Hosting today’s conversation is Jacqueline Maley, alongside chief political correspondent Paul Sakkal.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.