Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation

Labor’s fifth budget will do what it says on the tin: it will benefit the young and the poor at the expense of the older and the rich. This is the most obvious takeaway from distributional analysis conducted by Ben Phillips, an associate professor at the ANU’s Centre for Social Policy Research. But lift the lid on what Jim Chalmers has called his most ambitious reform package to date, and it becomes evident there is little inside for the many middle-aged, middle-income Australians who are …