Victoria’s COVID-19 Debt Recovery Taxes a Drain on Economy: Libertarian MP

‘We should all be worried that a future government will make this permanent,’ Libertarian MP David Limbrick said.

David Limbrick, Victorian Upper House Liberal MP speaking at the “Standing against Daniel Andrews Belt & Road Signing” rally held at the steps of Victoria Parliament on Dec. 15, 2019. Grace You/Epoch Times

The Victorian Labor government’s plan to pay off its substantial pandemic-era debt has been described as a “drain” on the state’s economy.

The state government has introduced new land taxes—as well as a payroll tax—that will compel property owners to fork out thousands per year to pay off the estimated $31.5 billion (US$20.7 billion) debt incurred under former Premier Daniel Andrews.