One Nation Accuses Labor Budget of ‘Marxist, Socialist, Communist’ Direction

‘A budget basically that says … we’re going to strip wealth, we want to disperse wealth right across [society],’ said Pauline Hanson.

One Nation Leader Pauline Hanson (C) and incoming member for Farrer David Farley (R) attend a press conference at Parliament House in Canberra, Australia, on May 13, 2026. Hilary Wardhaugh/Getty Images

One Nation Leader Pauline Hanson has voiced her strong objection to the federal government’s May 12 budget, accusing Labor of worsening inflation and making it harder for Australians to get ahead.

The criticism centres on the government’s major overhaul of investment tax settings, including the removal of the 50 percent capital gains tax (CGT) discount, the introduction of a minimum 30 percent tax on discretionary trusts, and restrictions limiting negative gearing to newly built homes.