Joe Hockey (Part 2): Red Tape, Capital and Australia's Future

Joe Hockey says rising government debt and a welfare bill larger than income tax could change how capital is taxed in Australia. Here's the full conversation, including what he learned from losing the Treasurer's job in front of the whole country.

In Part 2, former Treasurer and former Ambassador to the United States Joe Hockey talks about his time in politics and his life since. He covers government debt, the "age of entitlement", why capital is moving to lower-tax jurisdictions, and what he'd tell a government serious about cutting red tape.

He also tells the story of arriving in Washington as a new ambassador, why he reached out to Donald Trump's campaign when no one thought Trump would win, and how he built Bondi Partners from a card table in a basement during COVID.

In this episode:

00:00 Introduction
01:21 Australia as a Financial Centre: Where It Stands
04:46 Government Debt, Bond Markets and Capital Taxes
07:10 Where Wealth Is Moving: Singapore, Florida, Low-Tax Hubs
13:15 Losing the Treasurer's Job and the Prime Ministership
13:56 Tony Abbott, Malcolm Turnbull and Brutal Politics
17:35 Arriving in Washington: The Charity Dinner Story
19:42 Reaching Out to Trump Before He Won
21:16 Trump 2.0 vs Trump 1.0, and Mark Carney23:41 Building Bondi Partners and the 1941 Fund
27:00 The Perth Bears and AI in Rugby League
30:37 The Prop: Hockey and the Queen
32:29 Rapid Fire Questions

Whether you follow Australian politics, financial markets, or the personal stories behind the people who've shaped our economy, this conversation is worth the full watch.