May I be permitted to respond to the challenge Treasurer Jim Chalmers has posed on #InsidersABC this morning?

How can we obtain wage rises in a sustainable way without affecting inflation?

Well, it’s like this Jim Chalmers (Phil Lowe and Sally McManus): wages and earned profits are low because land prices are high.

Land prices and taxing other than land prices are the generators of inflation.

However, 143 years after this was carefully explained, nobody wants to go there.

And that’s what’s created the problem that neither side of the question wishes to address.

If they don’t or won’t face the facts, they won’t solve the problem.

[But you see we’re not allowed to talk about the enormous bubble in Australia’s land prices?]