Household income is spent in 3 main categories:

1. Obligatory – food, clothing, accommodation, child rearing and education.
2. Discretionary – entertainment, recreation, travel.

These categories are not fixed as a family may choose to spend more in one category than another. If income is low, Obligatory spending will take precedence and if income is high, more will be devoted to Investment.

The above leads to two conclusions:

1. If income is too low, basic living essentials will be unaffordable. With present high costs of living, too many people are becoming homeless and too many cannot afford adequate food. If a large enough portion of the population enter this category, it only takes a small spark to start a revolution as evidenced by those in France and Russia. America and Australia are already on this cusp.
2. If income is high, the excess will be spent on investment. Tax cuts to this group are unnecessary.

The Albanese changes to Stage 3 tax cuts are therefore the proper course of action and should probably relieve low wage earners more. Opposition to the changes is pure political bastardry. How else are we going to relieve the pressure on those doing it tough?