Alan Kohler

Jordan had a PS, by the way.

Any chance the Money Cafe hats can be bought separately without an InvestSmart subscription?

I would love to buy one.

Yeah, why don't you just email...

Support at investsmart.com.au.

That's what Greg says.

Email that, support at investsmart.com.au and someone will give you a hat, I think.

That'll be good.

Any hats for participants?

Haven't you got one?

No, no.

Oh, James, we've got to get you one or two.

You can give one to your wife.

She'll love to wear it.

Yeah, yeah.

Nick says, Alan has pointed out the political flaws with indexing income tax rates to inflation, tax cuts by stealth, but what about the economic case against them?

It seems to me that the coalition's policy would be pro-cyclical, where periods of high inflation would have bigger tax cuts, returning greater amounts to people, fueling demand and inflation, while the opposite will be true when inflation is low.

This will undo the counter-cyclical impact of bracket creep.

That's true, isn't it?

Yeah.