"There’s a concerted effort to shift the focus of economics away from financial data towards social."
While we do have the ability to choose our future path, taking action today would require more economic pain and sacrifice than elected politicians are willing to inflict upon their constituents. This is why throughout the entirety of history, every empire collapsed eventually collapsed under the weight of its own debt.
The structural tax cuts would replace the Low-Middle Income Tax Offset (LMITO), which does nothing to improve economic efficiency, and will cost the budget about 10% more than expected. Further, all future federal governments should follow the lead of the UK Treasury in using dynamic tax analysis to give accurate information on economic efficiency and revenue estimates.
Utility companies are pretty jazzed about this, too. Knowing exactly when their customers use their gas and electric 24/7 and what for gives them the opportunity to try to sell their customers additional products and services. Utility companies can also sell this private data to third parties and then they can also try to sell these utility customers other products.