Leading economist Derek Francis joins Karl Stefanovic to break down Labor's controversial tax changes and explain why he believes the government has seriously underestimated the economic consequences.

Francis argues the policy will punish investment, discourage entrepreneurship and accelerate Australia's brain drain, while accusing the Treasury and Treasurer Jim Chalmers of getting the numbers wrong.

From superannuation and capital gains to young Australians considering a move overseas, this is a detailed look at one of the biggest economic debates in the country right now.

Watch the full conversation and let us know your thoughts in the comments.

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