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The Forum > Article Comments > Tax cuts and political suicide > Comments

Tax cuts and political suicide : Comments

By Everald Compton, published 11/5/2016

The facts are that every tax cut has created some more billionaires, but few jobs down on Struggle Street. The trickle down effect has never ever trickled down.

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Economics 101
Tax cut by $1, economy stimulated by 100 cents
Tax increase by $1 economy stimulated by 60 cents.

You cannot tax your self to prosperity.

Yes I agree with infrastructure spending, but reduce the Public service to pay for it. Start with the office of Human rights, the federal education department (since schools are run by state govts)
all uni degrees in socialism and reduce the ABC.

Billions saved to go to build infrastructure.
Posted by kirby483, Wednesday, 11 May 2016 4:22:56 PM
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Cut company tax and who benefits? Shareholders. So who owns those large corporations? 2 Trillion $ is held by anyone with superannuation, who benefit from what large corporations do and what dividends they pay. It sure does trickle down, to benefit their retirement.
Posted by Yabby, Wednesday, 11 May 2016 5:33:00 PM
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Until the flawed system of allowing large donations/bribes from big corporations and billionaires has been stopped, there will be no democratic government in Australia.
The small are always going to come off worse and bare the brunt of the taxation.
No the rich do not pay more in tax than the poor. Add up the millions of small taxpayers and the handful of the rich that actually pay tax and there is no comparison.
The offshore tax havens are syphoning billions out of Australia and the government is going to "look in to it".
Why have they not done so before?
Sorry guys but it is obvious the blind Freddy that the whole system is set up to favour the rich.
Posted by Robert LePage, Thursday, 12 May 2016 10:20:08 AM
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Capitalism: turning cash into asset investments, allowing investment to be valued in cash figures, is a perfect design to steal people's money by encouraging investment into non currency objects, crashing non currency objects monetary value. capitalism is a perfect way to seal money off investors.

An accountant told me a priest was responsible for the "T" account balance sheet system.

The Trickle down economy system is a "trick" the name trickle down tells you trickle down is a trick. Capitalism is a trick, setting up poorly educated emotional decision making people into investing in paper assets that was thought, emotionally believed to up, eventually goes down fast as no sensible person buys into investment assets on the way down.

Does any person express why a rich class of people force capitalist system onto a poor working class? My answer is, to keep working class poor, because the working class are meant to work, not to enjoy the proceeds of their labours. which is why previous generation were building churches and public buildings, now generation builds road systems to transport commodities. Cities boring tunnels road and train systems to a single city centre business district.

late 1900s up to now wealth, I believe has much to do with population control, allowing living now generations to enjoy not having too many children.
Posted by steve101, Friday, 20 May 2016 3:56:17 PM
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Tax cuts have never been catered to benefit the high flyers but instead they are advantageous to the lower and middle income citizens. If viewed from a political perspective, there will obviously be dissatisfaction that can be seen even from a distance away. However, things are still being carried out the same way as before even after so long.
Posted by webbrowan, Tuesday, 24 May 2016 1:30:50 PM
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