Recall, targeted net-migration was a tolerable 90,000, in that first IGR. Arbitrarily, Treasury doubled this to180,000 (as early as 2010) then 235,000 (for 2021 and 2023).
Clumsily, the 2026 IGR sets a target of 225,000 for the "forward estimates" but 235,000 in the "long run". Either way, it's mass-migration forever , with no recourse ever intended for voters.
In that capital-deepening and productivity are allergic to mass low-skilled immigration, Chalmers has simply moved the established productivity-goalposts. His posited 1.2% productivity growth is a lie. On current science and knowledge, his IGR predictions of our net-zero industrial transformation, with energy-nirvana for consumers, are highly unreliable.
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In forty years, nearly all driven by immigration, Treasury's targeting an unsustainable 39-40 million population, never you mind about water and energy, or the environment .
Our top "economic" agency has gone woke – and isn't budging. If citizens keep holding Australia Marches , they ought to picket Langton Crescent HQ, and not just Parliament House.
Politicians and "stakeholders" will keep blaming One Nation
Shortly before Burke-Chalmers dumped on voters again, ABC TV hosted a curated National Forum on immigration, to remind us all how "racist" we are. AI could have written the script, though maybe not, one amusing variation . Said maligned ON MP Barnaby Joyce, voters should come before economists.
The "educated" shudder was palpable, but Joyce had a point. If Treasury HQ disdains and dismisses voters, on absolute basics like immigration and housing, in what limited sense do we have a democracy? Back at ABC Pravda however, that huge 225,000 we never endorsed in the first place, is now a "guaranteed target". Oh goody, lucky us.
Kenny and media generally, discount voter welfare, to rant at ON. At Independent Australia , an evil ON government would destroy the economy. At The Guardian , "cerebral" Burke ought to "brawl" with ON. (Actually guys, he's brawling with voters.) There's no immigration "issue" sniffs the Guardian princess hired by Australia Institute . (It's just a few nazis, and bad old ON.)
Burke-Chalmers are equally intransigent. Judging by their stone-deaf-not-deft performances, they're confident Labor can block out ON electorally, and flame voters. Amusingly, ON-averse Angus Taylor suddenly promises one of the "biggest" immigration cuts in "history".
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The numbers, I suspect, will continue to be private Treasury business. 2026-31 will likely bring restless voters, well over a million more migrants net, and extended housing/rental pain.
Gaslighting us, over costs of living and falling living standards, Chalmers and the "stakeholders" are only ever offering regressive government, of the Treasury by the Treasury for the Treasury. They'll keep blaming the inevitable economic stagnation on "climate change" and "global headwinds". And just look over there, at bad old Hanson (or Trump, or Murdoch).
Even if Labor could ever get back to 235,000, that's still 2.5 times the 1945-2005 average. Their shallow IGR mass-migration net-zero propaganda is drowning voters and democracy.
As the UN and OECD chuckle, Australia is alone among prosperous nations, in losing its economic mind, for Treasury's 50-year lab-experiment of endless low-skill mass-migration.