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The Forum > General Discussion > A Job for every one?

A Job for every one?

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So it appears we can spend thousands of words defaming the unemployed but not find a few, in finding other answers to unemployment?
Posted by Belly, Monday, 25 June 2018 12:51:01 PM
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Dear Belly,

Lowering taxes to create jobs does not make sense.
It won't create jobs at all. There will be less
money in the economy for essential services such
as health, education, aged care, roads, building
and maintaining
infrastructure, new government projects will come to
a standstill - because there won't be the money for
any of these things in the economy due to tax cuts.
Who will pay for all of these things if we have tax
cuts - where will the money for these things come
from if not from our taxes?

What a ridiculous policy. And none of us should vote for
it or support it - we should show the politicians that
we're not that stupid! Or are we?
Posted by Foxy, Monday, 25 June 2018 1:08:37 PM
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Foxy,

It is fundamental economics. Lowering corporate tax encourages investment which creates jobs. This has worked spectacularly for Singapore and Ireland as two examples.

That most other countries have lowered their corporate tax rates and even Labor was spruiking the idea after advice from their experts shows that it is solidly founded in reality.

Secondly, now that the rest of the world has lowered corporate tax rates, Aust is one of the highest taxing countries, with the result that Australia's percentage of international investment has halved in the last decade.

Only an ignoramus would claim otherwise.

PS, more industry and high paying jobs = more tax for services.
Posted by Shadow Minister, Monday, 25 June 2018 1:27:59 PM
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Shadow Minister,

You sound exactly like Mathias Cormann. Did you copy his
spin from "The Insiders?"

China is already buying up our country - the tax cuts
will make it even easier for them to buy even more.
And they of course will take their money back to China.
Which makes it good for us - right?

Unless we want to be part of China.

They're already making moves on our Pacific region -
perhaps we should make it easier for them?
The tax-cuts will definitely help do that.
Posted by Foxy, Monday, 25 June 2018 2:22:23 PM
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Shadow Minister,

There is a lot more to jobs and growth that the corporate
tax rate.

The big four banks are among the largest corporate
taxpayers in Australia. The Prime Minister has long argued
that it's companies like NAB, CBA, ANZ and WESTPAC that
need some relief paying less in corporate tax so they can
pay more to their staff.

But higher profits don't always translate to higher job
numbers or better wages. The banks might be making mega
profits but it's an industry facing digital disruption
and it is shedding jobs. Westpac has closed many of its
branches in Melbourne suburbs.

You mentioned Singapore and Ireland. These places did not
look merely at corporate income tax in isolation. They
looked at all potential sources of tax revenue rather than
embarking on short term measures - governments need to
re-examine fiscal policies and strive for a sustainable tax
revenue base that can support a nation's long-term growth.

Countries whose corporate tax cuts are already low - like
Singapore, Hong-Kong, Taiwan, and others have little room
to achieve any further cuts without compromising their tax
revenues.
Posted by Foxy, Monday, 25 June 2018 4:07:16 PM
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I wonder if people out of work has considered moving to an area where employers can't get enough employees. That would be novel.
Posted by runner, Monday, 25 June 2018 4:21:05 PM
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