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Address at public rally Adelaide



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IBS

P R I M E MINISTER

FOR MEDIA

t

Ί . C O

HSDRBSDAY, 8 OCTOBER, 1980

4 > . '

ADDRESS AT PUBLIC RALLY, ADELAIDE -sr— rs s s r·*·- — 1 ■ ■ ■ ·— ·â– - ■ - — ■■ - - . . . . i ■

I f we - a r e — t o - b e l i e v e t h e r e c e n t e l e c t i o n p o l l , i f an e l e c t i o n

had b e e n h e ld l a s t w eek, A u s tr a lia w ould now have a S o c i a l i s t

Government-.— « h a t w ould t h a t mean f o r A u s t r a lia .

Vihat wo_ul.d_,tha t mean f o r a decade o f optim ism , and d evelop m en t ■"t h a t - 1 i e s - w it h in -our -grasp,.,. :-What . would . t h a t . mean ..fo r , th e ..g r o w th ^ ;...... i n j o b s and i n o ur r e v iv in g i n d u s t r i e s and expanding e x p o r t s . ...........

Vihat w ould t h a t mean fo r grow ing p r o s p e r it y which e n a b le s f a m i l i e s

t o le a d t h e l i v e s th e y want and w hich p r o v id e s Governments

w ith t h e r e s o u r c e s t h a t th e y n e e d , ,

■ _ . \

Nobody - c a n - m k e - t h e e a sy assu m p tion t h a t t h e s e p r o s p e c ts are s e c u r e , Nobody can make th e assu m p tion t h a t t h e p ath ahead o f

u s w i 1 L - b e - d e a r , · . · ■ · '

Vie can no lo n g e r assum e, i f t h e s e p o l l s a r e t o be b e l ie v e d ,

w h ic h I d o n ’t , t h a t w ith o u t e f f o r t , w ith o u t e n e r g y , hope and

o p tim ism t h a t a r e now a t work in A u s t r a lia w i l l be c o n tin u e d .

He do n o t want a S o c i a l i s t Government t h a t w i l l in c r e a s e th e

d e f ic it 'e n o r m o u s d y . He do n o t want th e Whit lam p o l i c i e s r e - c y c l e d .

He do n o t want a Government th a t would push i n f l a t i o n t o 20 p e r c e n t .

H hat d o e s t h a t do- t o a b i l l in t h e superm arket? What d o es t h a t

do t o a t a x c u t o f $3 a week? 20 p er c e n t i n f l a t i o n tu r n s

$45 i n t o $ 5 4 . You’ve l o s t your ta x c u t , We do n ot want a

G overnm ent t h a t w i l l ta k e more and more o f i t s resou rce's t o i t s e l f

_ .a n d _ lea v e l e s s f o r f a m i l i e s . Mr, Hayden once s a i d , uSome m ig h t

a rg u e t h a t a la r g e d e f i c i t c o u ld be o f f s e t by a tou gh m onetary

p o l i c y - b u t t h i s would mean g r e a t ly in c r e a s e d i n t e r e s t r a t e s ,

"disTY o p t io n t o th e f i n a n c i a l m a r k e ts, d e p r e s s io n of. b u s in e s s

c o n f id e n c e and s e r io u s company f a i l u r e s ."

T h is i s e x a c t l y what he i s p ro m isin g A u s t r a lia a g a in . The Labor

-Party., i& _ se e k in g t o buy v o t e s w ith p o l i c i e s t h a t i t knows w i l l

d e s t r o y t h e p r o s p e r it y and s tr e n g th o f A u s t r a l i a . Mr, Hayden a l s o

_„ 5 aid_ ■ “2t_ i s n o t p o s s i b l e to p r o v id e more and more Government . s e r v i c e s . . .w ith o u t u lt im a t e ly h a v in g t o pay fo r t h e m ...v i a

i n c r e a s e d t a x e s . I t i s n o t p o s s i b l e t o g e t q u a r ts o u t o f p i n t p o ts"

T h at i s e x a c t l y what he i s t r y in g t o do now. Labor i s p la c in g

an a d d i t i o n a l commitment on r e s o u r c e s o f o v er $ 3 ,0 0 0 m i l l i o n . '

— So e x t r a e x p e n d itu r e co u p led w ith t h e i r ta x c u t s i s m a ssiv e

i r r e s p o n s i b i l i t y . I t would pu t i n f l a t i o n th rou gh th e r o o f .

---- T h at i s o n ly one s i d e o f th e s t o r y . Mr. Hawke, as P r e s id e n t

o f t h e ACTU, su p p o rted p o l i c i e s o f f u l l ta x in d e x a tio n and

___ f u l l wage i n d e x a t i o n .

_ The u n io n s demand th e rig h t, t o argue fo r a d d it io n a l w ages from

, Γ “ c o l l e c t i v e b a r g a in in g . They a l s o a rg u e f o r n a t io n a l p r o d u c t iv it y

th e y v a r g a e .i/tbf;;&eed;-.for a 35 h o u r -:- rr:

~ ^ e e ) c T Which' M r.'fiawke i n i t i a t e d as P r e s id e n t of. the. ACTO. ' '

■ V < .

- —r-- — T h ere i s n o r e a so n t o b e l i e v e t h a t th e Labor P a rty w ould n o t

a c c e d e t o a l l t h e s e demands. They have a lr e a d y su p p orted th e

_r e t u r n t o q u a r t e r ly wage in d e x a tio n . They have a lr e a d y su p p o rted

t h e 35 h o u r w eek . T hese a d d it io n a l demands on to p o f L abor1 s

_ _ e x p e n d it u r e w ould bankrupt A u s t r a li a , I t w ould d e s tr o y

. I n d u s t r i a l c o n f id e n c e . I t would make our good s more e x p e n s iv e .

,_ W e _ v r q u ld .s e ll l e s s ; _ we would employ fe w e r , i t would break ................

~~ — budg e t s by pushing"up' costs"" in th e su p erm ark et, ■

I t w ou ld d e s t r o y p e o p le on f i x e d incom es a s i n f l a t i o n a t e in t o

t h e i r s a v i n g s . That i s w hat-bappened under L ab or. That i s why

L i b e r a l s make c o n t r o l l i n g i n f l a t i o n t h e i r number one p r i o r i t y .

I· How ’w o u ld Labor g e t th e money t o match t h e i r p r o m ise s? h few

·" . w eek s a g o Labor t o l d us t h a t t h e y wou ld fund t h e i r p ro m ises by

i n c r e a s i n g th e money su p p ly and t h a t i s t h e i r term fo r p r in t in g

m oney. T h a t i s n o t th e k in d o f_econ om ic w iza rd ry A u s t r a lia w ants

i n t h e 8 0 s , There a r e many q u e s tio n s w hich Labor have n o t

an sw ered &r»d w hich sh o u ld be p u t t o them from h e r e o v e r th e n e x t

fe w d a y s . — -

. Mr, Kay den h a s t o l d us th a t-h e --h a s— com m itted h i s P arty t o a c a p i t a l

g a i n s t a x , a r e s o u r c e r e n t a l t a x , a le v y on d o m e stic o i l p r o d u c e r s ,

a number o f i n i t i a t i v e s in ~ th e --ta x _ a re a and. o th e r m easures o f

t h a t k i7td . And t h a t commitment has been r e p e a te d many tim e s . ^

’•We p r o p o s e ” , he s a i d , ’’w ith o u t any a p o lo g y a t a l l , t h e in t r o d u c t io n

o f a c a p i t a l g a in s t a x , r e so u r c e r e n t a l t a x , and r e s t r u c t u r in g o f

t h e t a x s c a l e s , t o r a is e more r e v e n u e . And th e Shadow T rea su rer

h a s s a i d t h a t , “I t i s wrong”~that*~we- "do n o t h ave some form, o f ta x

on c a p i t a l by way o f d ea th d u t i e s , c a p i t a l g a in s ta x , w e a lth

t a x o r p e r h a p s some com b in ation -of t-b ese, or a l l th r e e " . So t h e r e

we h a v e i t . A r e s t r u c t u r in g o f th e ta x s c a l e , a c a p i t a l g a in s t a x ,

a w e a lt h t a x , d e a th d u t i e s , - a r e s o u r c e s t a x .

Mr. Hayden h a s prom ised $3 a week t ax c a t . But. what d oes he mean

by a r e s t r u c t u r in g o f th e ta x s c a l e t o ..r a i s e more reve7tue? What

w ould a c a p i t a l g a in s ta x do? You buy a h o u s e ; Labor c a u s e s

i n f l a t i o n ; you s e l l i t fo r m oreϋ You pay t a x on th e d i f f e r e n c e .

T h at i s a c a p i t a l . g a i n s t a x . And a w e a lth t a x . The w o rst o f a l l »

| a d d up a s s e t s , th e v a lu e o f your home,

ΐ ', ΐ η , Λ ' Ο ; · - 1 · · » ' : ' ■ · ! -

f sjTd l y 3 ή ' be l o n g i n g s , You m ay'not th in k you a r e w e a lth y b u t th e

Labor; G overnm ent w ou ld . ■ · ■ . · . ' · ·

th e v a lu e " v 5;,

o f y o u r s e lf ' and y o u r '·" I s l e v i e d on a l l. yqur ,,·?;-·

. . . / 3

/ ν '

I f a farm er i s e a rn in g rio incom ep th r o u g h -d r o u g h t, how d o e s he

pay i t ? .’ -;By s e l l i n g . #t' paddock? I f a s m a ll bu sinessm an h a s a .......

b a a y e a r y how d o e s he pay f o r it ? - B y - s e l l i n g h i s s t o c k , le a v in g

him n o th in g t o tr a d e w ith ? And th e r e s o u r c e s ta x in t h i s

S t a t e w ould damage th e p r o s p e c ts o f econom ic reco v ery now b e in g _______

p u r s u e d e f f e c t i v e l y by th e L ib e r a l Government.

T h e se a r e t a x e s on A u str a lia n women and men. These a r e t a x e s ~

on t h e p r o d u c t i v i t y and i n i t i a t i v e and e n t e r p r is e o f th e

A u s t r a li a n p e o p le . There i s n o t one word about b u ild in g A u s t r a l i a ,----

e x p a n d in g A u s t r a li a , d e v e lo p in g A u s t r a lia . Only words ab ou t

c u t t i n g up A u s t r a li a , about ta x in g A u s t r a lia . Some days ago — ^

L abor announced a .s m a ll b u s in e s s p o l i c y .

In h i s p o l i c y s p e e c h , Mr. Hayden stu c k a dagger in th e h e a r t o f

s m a ll b u s i n e s s by p ro m isin g i n f l a t i o n and by endin g t h e

in v e s t m e n t a llo w a n c e w hich would be a b o lis h e d r e t r o s p e c t i v e l y . T h e se p o l i c i e s would undermine A u s t r a li a ’ s w e l l b e in g , w ould

u n d erm in e t h e sta n d a rd o f l i v i n g o f A u s tr a lia n f a m i l i e s .

T h ey w ou ld - d e s t r o y s u s t a in a b le - econom ic - g r o w t h - They- w ould „ ....... -...........

d en y Government t h e s o u r c e s t o p r o v id e r o a d s, s c h o o ls , h e a lth

f a c i l i t i e s , t o im prove c a r e f o r th e a g ed , th e d is a b le d , m ig r a n ts ,

a b o r i g i n a l s . ^ · - - -­

Our h e l p f o r a l l o f t h e s e depends upon a grow ing economy, upon

e x p a n d in g i n d u s t r i e s . And i t s e e k s t o h id e from A u s tr a lia n

t a x p a y e r s t h e f a c t t h a t , i f th e p o l l s a r e t o be b e lie v e d ,

O c to b e r 18 w i l l be th e b e g in n in g o f a t a x a t io n a s s a u l t on A u s t r a lia n

w o r k in g men and women. An a s s a u lt which ig n o r e s th e tr u th t h a t th e

more you t a x so m e th in g , th e l e s s you g e t o f i t .

I t i s b e c a u s e o f t h i s u n a p o lo g e tic t a x a t io n grab t h a t n a t io n a l

p r o d u c t i v i t y and n a t io n a l w e a lth w ould be undermined under a L abor G overnm ent. Yet i s i s on our c a p a c ity t o s e c u r e , a s a n a t i o n ,

s u s t a i n a b l e econom ic growth in th e 8 0 s , and n a tio n a l w e a lth ,

t h a t a l l e l s e d ep en d s. And a l l our s o c i a l o b j e c t i v e s - t o p r o v id e

r o a d s , s c h o o l s and h e a lth f a c i l i t i e s ; t o im prove c a r e f o r th e

a g e d , t h e d i s a b l e d , m ig r a n ts, a b o r ig in a ls - a l l o f t h e s e depend

on t h e n a t i o n ’ s econom ic s tr e n g th and v i t a l i t y . I t depends upon

G overnm ent c r e a t in g t h e c lim a te in w hich p e o p le f e e l en cou raged

t o t a k e r i s k s ; t o be r e s o u r c e f u l; t o seek rew ards; t o know

t h a t t h e i r i n i t i a t i v e - w i l l - n o t be s t i f l e d - th e c o n tin u a tio n o f

t h i s c li m a t e w i l l be th e o b j e c t i v e o f L ib e r a l Government i n t h e 8 0 s .

I t i s an o b je c tiv e .-w h lc b we_have a lr e a d y r e a l i s e d in la r g e m easure

o v e r t h e l a s t f i v e y e a r s .

L e t u s n e v e r f o r g e t that" w e ~ in h e r ite d a d i s p i r i t e d , a d esp on d en t

and d i s i l l u s i o n e d A u s t r a lia . An A u s t r a lia w hich co u ld n o t s e l l

on o v e r s e a s markets"; ""Which" co u ld n o t a t t r a c t in v e stm e n t; an A u s t r a l i a w hich was in th e b ig i n f l a t i o n le a g u e , Think about what

we h a v e a c h i e v e d .—I a e e e r -t-w ith o u t h e s i t a t i o n t h a t , under t h i s

.G overn m en t, A u s t r a lia has perform ed b e t t e r th an a lm o st any o t h e r ad van ced W e ster n „ c o u n ity > When we found i t n e c e s s a r y , b e c a u se o f ch an ged and d i f f i c u l t econom ic c ir c u m s ta n c e s , to a l t e r c o u r s e ,

we d id s o w ith one__thought in mind - th e w e ll b ein g o f t h i s n a tr o n .

-Vie h.-aye a lw a y s -p la c e d A u s t r s lia f i r s t . ■ . . ,· ... -.,ΐΐτ,:· .

* — — __ __ - - t * > ■ / A

4

.·**:. -.'.Λ·.*;; :

;

A u s t r a l i a to d a y has corns fcrhough s t r o n g ly - w ith a h e a lth y

econom y and vlqor-ous i n d u s t r i e s . Our m anu factu rers a r e _ _

e x p o r t i n g a g a in . Our r u r a l i n d u s t r i e s a re p r o f i t a b l e . He have

r e c a p t u r e d m ark ets o v e r s e a s . He have reduced i n f l a t i o n t o

b e lo w t h e a v e r a g e o f o t he r~"co"untries. Employment, in c lu d in g t e e n a g e em ploym ent, i s grow ing s t r o n g ly . We have r e - e s t a b l i s h e d

a g r o w in g and str e n g th e n in g - economy which has en a b led us t o p r o v id e i n n o v a t iv e and p io n e e r in g h e lp f o r th o s e in n e e d , and t o

u n d e r ta k e an increased-prbgr& ayte o f d e fe n c e .

A l l t h i s h a s o c c u r r e d „undex.,a Government t h a t , i f we were to

b e l i e v e t h e ’ p o l l s , i s now a t r i s k . A c h a lle n g e now c o n fr o n ts

e v e r y v o t i n g A u s t r a lia n . What w i l l be b e s t fo r A u s tr a lia , in

t h e 8 0 s ? Do we want a Labor P arty in Government, w hich seeks- t o

p u r c h a s e e l e c t o r a l su p p o rt a t th e ex p en se o f th e n a t io n a l

I n t e r e s t ? Or do we want' a"“b i bare 1 -N a tio n a l Country P a rty Government t h a t h a s d em o n stra ted i t s c a p a c ity t o a c h ie v e ; t o be r e s p o n s ib le ;

and t o g e n e r a t e f a i t h in· fu tu r e o f t h i s n a t io n . .

We d o n o t want a Labor P a rty in Government w hich would sen d rx n f l a t l o n ' sb a ring" "to "2 0 p e r ' cent--. Or - do- we-want-- a - L ib er a 1 - H U id h a l C ou n try P a r ty Government t h a t w i l l m a in ta in th e f i g h t a g a in s t .

i n f l a t i o n and s e c u r e our tr a d in g ad van tage o v e r o th e r nation s?"

Do we w ant a Labor P a rty in Government t h a t c a r e s l i t t l e -a b o u t-th©.

d e s i r e o f i n d iv i d u a l s and f a m i l i e s t o sa v e and spend a s th e y

s e e f i t ; t h a t w ants t o ta k e more, and more o f th e n a tio n i s — . . . ___

r e s o u r c e s f o r i t s e l f ? Or do we want a L ib e r a l-N a tio n a l Country

P a r ty Government t h a t s e e k s t o red u ce th e s i c e o f G o v e r n m e n t ___

r e d u c e t h e in t e r f e r e n c e by Government; t o in c r e a s e th e freedom s

o f i t s p e o p le ? Do we want a Labor p a r ty in Government d e d ic a te d

t o make work sc h em es, c o s t l y t o th e ta x p a y er; schem es w hich _

h a v e f a i l e d in ev ery co u n try where th e y 'v e been t r i e d , in c lu d in g

A u s t r a l i a ? “■ —

Or d o we want a L ib e r a l-N a tio n a l Country P a r ty Government w hich— ----h a s g e n e r a te d reco rd employment growth? Do we want a Labor P a rty i n G overnm ent w hich p rou d ly h a s , a s one o f i t s c h i e f p o l i c y , __

w e a p o n s, a commitment t o squander our f u e l r e s e r v e s c h e a p ly ·

and q u ic k ly ? Or do we want a L ib e r a l-N a tio n a l Country P a rty __

G overnm ent t h a t i s con cern ed f o r A u s t r a l i a ' s energy n eed s o f t h e

f u t u r e ; w hich i s p rep ared t o ta k e tough d e c is io n s now t o p r o t e c t

o u r i n t e r e s t s l a t e r ? Do we want a Labor P a r ty in Government com m itt

t o a v e n d e t t a a g a in s t b u s in e s s p r o f i t a b i l i t y ; com m itted t o

t a k i n g away a g a in th e in v e stm en t a llo w a n c e w hich i s s o im portant-- —

f o r b u s i n e s s ; and com m itted to making t h i s d e c is io n r e t r o s p e c t iv e ?

Or do we want a L ib e r a l-N a tio n a l Country P arty Government wbi.ch,_ r e c o g n i s e s t h a t th e s tr e n g th o f our m in in g , m a n u factu rin g and

r u r a l in d u s t r ie s · , i s th e fo u n d a tio n o f th e n a t i o n ’s w ea lth ? __ __ _ _

No G overnm ent has worked h arder th an t h i s G overnm ent, or w ith more d e t e r m in a t io n or w ith more s u c c e s s , t o s e c u r e A u s t r a l i a ' s futu it?T ~

t o r e v i v e , our i n d u s t r i e s ; t o put c o n fid e n c e and op tim ism in t o

t h e h e a r t s o f th e A u s tr a lia n p e o p l e . ■ -

. > . / 5

5

But t h i s c o n fid e n c e and optim ism we now e n jo y must n o t b l i n d .

u s t o t h e damage we s u f f e r e d in th e Whit lam y e a r s . I t m ust n e v e r

b e a llo w e d t o o b scu re from us th e r i s k s t h a t e x i s t t o our__

hard-w on g a i n s , What fu tu r e i s th e r e fo r an A u s t r a lia i n w hich ~

i n i t i a t i v e , e n t e r p r i s e and v ig o u r a re d e str o y ed ?

The Labor programme o f s e n d i n g and t a x a t io n ; th e c e r t a i n t y

t h a t a Labor Government would b u ck le under t o union p r e s s u r e ; — -

t h e s e a lo n e w ould d e s tr o y th e s i g n i f i c a n t p r o g r e ss we have made.

Which o f u s , i s prepared t o r is k th e b e n e f i t s t h a t we a r e now —__

e n jo y in g ? The fo u n d a tio n s o f a p r o d u c tiv e and rewarding" fu tu r e h a v e b e e n fir m ly l a i d . Which o f u s now i s prepared t o r i s k t h e

d e s t r u c t i o n o f t h e s e fo u n d a tio n s t o a Labor Government?

I f we w ere t o b e l i e v e th e p o l l s , th e r e w ould b e a Labor Government

t o d a y . T hat p r e s e n t s a c h a lle n g e t o a l l o f u s who b e l i e v e in

L i b e r a l i d e a l s . I t r e p r e s e n ts a c h a lle n g e t o a l l o f us who-warrb—

t o b u i l d on th e a ch iev em en ts o f t h e l a s t f i v e y e a r s , t o ta k e t h i s

,.coun.tJry... -conf id e n t-ly forw ard i n t o t h e ..1880s-and^beyondvrrv.-.— *

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4 - - 000 —