From an economic point of view, it makes sense because they are going to transition out of the central banking system.
There will be an adjustment where the AUD will be worthles but that will be offset by the market revaluation and reallocation of resources and labour.
For all you economic numpties out there, in a recession or depression, its not like metals and mine sites and factories and farmland just disappear. No, what happens is they just "go to market" and the true value of their assets will be valued.
Instead of the means of production geared towards waste like we are today, it gets put toward manufacturing etc.
The responses on his twitter post are fucking insane, like they want the income tax to remain.
God help us, this country is fucked. Lets keep ourselves enslaved by paying taxes. Fuck me dead.