Albanese Says Tax Reforms Needed to Counter Rise of ‘Grievance-Based’ Politics

‘If people think the economy isn’t working for them ... they will turn to more simplistic, grievance-based politics,’ Albanese said.

Australian Prime Minister Anthony Albanese takes questions during a television interview at Parliament House in Canberra, Australia, on May 13, 2026. Hilary Wardhaugh/Getty Images

Prime Minister Anthony Albanese says Labor’s tax and wealth vehicle overhaul will help protect Australia’s democracy and social cohesion as more voters look for solutions from populist parties.

Anthony Albanese told an economic summit the federal government was forced to take major action on negative gearing and capital gains tax in the May budget.