The government’s weekend announcement that it would not be addressing what Treasurer Scott Morrison only a few weeks ago described as the “excesses” of negative gearing, and instead would be attacking Labor’s own modest reform proposals, confirms that we’re in the throes of an economic war on young Australians.

Not the very young, of course -- central to Malcolm Turnbull’s negative gearing announcement (or more correctly non-announcement, since it was a Seinfeldian announcement about nothing) was Julian Mignacca of Penshurst in Sydney, who, with his wife, Kim, was lauded by Turnbull for having bought “a place for his little daughter Adison [sic] who we just met who is nearly one. He couldn’t afford to do that if Labor’s reckless change, its reckless new housing tax was ever implemented.”