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Laffing all the way with voodoo economics : Comments
By David Hetherington, published 8/4/2015Laffer is most famous for his eponymous curve, which purports to show that cutting taxes on the rich raises extra tax revenue.
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I apologise for saying that people with low intelligence are a parasitic class, because some of them are not. But generally, people with low intelligence are a real social problem. Most of our ever increasing welfare bill is aimed at buying the votes of this demographic, and the Labor Party in particular is foremost in purchasing their votes through increasing welfare. Labor also has a vested interest in increasing the numbers of people in welfare in order to provide a growing reliable constituency.
So it is no surprise that Labor under Rudd swept away John Howard's successful program to prevent boat people crashing Australia's borders in order to help themselves to our welfare system. Nor is it a surprise that in NSW, Labor's heartland has become the six largely Muslim electorates of Sydney with their high levels of welfare dependency and serious criminal behaviour. Nor is it surprising that Labor, once a staunch ally of Israel under Bob Hawk, has now reversed it's position to keep in sweet with it's new Muslim constituency.
Aiden, Australia is now $350 billion dollars in dept and our leaders can't keep buying votes by telling poor dumb people that if they vote for them the government will give them money. This is anathema to the social welfare professionals, who keep claiming that they can solve every social ill if the government just keeps giving them more money. And more money. And more money. Their record has been abysmal. 60% of the education allocation in the NT to produce 90% failure in NAPLAN tests? Your kidding. $430,000 to place an aboriginal in a job for six months? Your kidding.
Mr Laffer has conclusively proven that simply increasing taxes forever will result in ever lower tax revenue. This is definitely not what the bureaucrats and social workers want to hear. Fleecing taxpayers to finance their ever failing social schemes and build their empires is what they live for. Margaret Thatcher was absolutely correct when she stated that Socialism can never win, because sooner or later, Socialists run out of other people's money to spend.