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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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Yes Everald, and the same fundamentally flawed (concentrate our finite wealth in fewer and fewer hands) economic theory that helped turn a manageable recession into the disaster of the Great depression and later, proving that nobody learns the lessons of history, the Great recession!?

Political suicide? Well selectively preferencing the greens on the most implausible of reasons; namely, we think labor has moved too far to the left, therefore we've decided to direct our preference to the party that is even further left, but only in critical marginal labor held seats!

This"master mind" tactic is likely to unseat a few labor party personalities and indeed hand victory to the very party the greens claim is anti true social justice?

And entered into as an (dirty deals done in the dead of night) arrangement by the greens, crowing all the way to increased seat numbers and a tail wagging the dog outcome, all while pontificating, in beggars belief hypocrisy, that they are true social justice champions absolutely welded to social justice outcomes!

I'm not sure that highly dubious arrangement won't backfire, turning thousands of (former) conservative voters away from the party in droves?

And saying as they cast their ballot, you can rip my super away in a retrospective tax grab, halve my capitals gains prospects; but, I'll vote labor before I hand the keys to the lodge to a green Lefty (an ETS and marriage equality) merely posing as a libertarian?
Alan B.
Posted by Alan B., Wednesday, 11 May 2016 8:30:10 AM
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Sadly being astute intelligent parliamentarians does NOT mean or imply that they have the welfare of Australian voters at heart.
They just want to be re elected to continue snouts in the trough as usual.
Posted by ateday, Wednesday, 11 May 2016 9:34:02 AM
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Denying the trickle down effect is just stupid. No money at the top, nothing at the bottom at all. However, the downwards trickle does not emanate from the goodwill of the rich, but the fact that they need the rest of us to keep them rich. We are interdependent. However, the rich do not need any more help to fulfil their roles and, therefore, the Turnbull government's tax cuts to the wealthy is a real vote loser. Yes, the rich pay more tax than the rest of us, but they each have only one vote - just like we do. So, if we see a Turnbull government returned at the next election, we will have proven that we have rocks in our heads. I am a conservative, but I will not be voting for the grinning usuper or any wet liberal in my electorate. I'm on the downhill run, and have everthing I need. But, young people, with families, and wanting to buy a home of their own in a Turnbull-sponsored investors market, should be voting Labor as long as the truly awful Turnbull is on the scene. He is interested only in himself and weird experimental politics.
Posted by ttbn, Wednesday, 11 May 2016 11:56:06 AM
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You keep blaming Turnbull, but unfortunately (particularly for him}, he has a group of generally incompetent bolted on Abbott supporters who are still standing in the way of genuine reforms. Hopefully, some of them will lose their seats and some sense will return to the parliamentary liberal party and we will get back to good government.

David
Posted by VK3AUU, Wednesday, 11 May 2016 3:24:34 PM
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Tax cuts for business is not just for the "trickle down", the problem is that company tax is regarded by investors as a cost of doing business, and with an increasingly global economy Australia with one of the highest company tax rates in the OECD, high personnel costs, and start up unfriendly financing rules is looking extremely uncompetitive.

It is a political risk, but it is necessary.
Posted by Shadow Minister, Wednesday, 11 May 2016 3:24:55 PM
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Abbott was elected in September 2013. Employment for that quarter was 11,467,600 seasonally adjusted. Two company taxes, the mining and carbon taxes were cancelled. Currently employment stands 11,909,600. This in increase of 442,000 and not due to increasing the government payrolls and with mining investment declining precipitously. That is a lot of new jobs on Struggle Street
Posted by EQ, Wednesday, 11 May 2016 3:59:14 PM
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