Relative Return Insider: Trump's TACO diplomacy and the case for tax reform

In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver unpack the messy US–Iran–Israel conflict, Trump's latest TACO backdown, and what the fragile ceasefire and Strait of Hormuz disruptions mean for oil prices and investors. They also explore how billionaire windfalls, housing-driven wealth inequality and gas-export profits are feeding political backlash against liberal democracy, and why Australia needs holistic tax reform – covering gas taxes, GST, bracket creep and spending – rather than more policy tinkering. Tune in to hear: How markets are reacting to the fragile ceasefire. The worsening state of wealth inequality. Why holistic tax reform is needed rather than a piecemeal approach.