The end of the franking credits debate

Hopefully this election loss has defined the issue of franking credits for perpetuity, no future Labor government would ever risk taking this to an election again. However, the Labor party will one day be returned to government, hopefully the Labor party will never try to reintroduce this horrible legislation.

Australians who have worked and saved hard for their retirements were to be disadvantaged. The younger generation who watched their parents work hard and save for their retirements were now taking a major hit. This attitude of wealth redistribution didn't sit well with them.

Whilst the Labor party had envisioned a class war between the have and have nots, it didn't eventuate because the younger generation related to the baby boomer generation. Then throw the inheritance tax argument into the mix and people were not having a bar of this. 

Unfortunately, the Labor party has lost site of their core demographic, they now pander to minority groups who on most occasions aren't even union members. Unions are organised to represent their members through higher wages and improved conditions, they need to remember who they represent. 

The arrogance of the Labor party who were so far ahead in the polls was that they believed they could not be defeated. It was inconceivable to them that they could even remotely lose - the best part was they never saw it coming.