Mike's Daily Comment
Hard work and dedication? Success? It’s clear that three of the major parties don’t like it. Don’t miss the brilliant interview with Greg Weldon on the impact of global financial turmoil. So forget the political rhetoric – the latest Stats Can numbers reveal who pays what in tax.
The fact is that significant increases in corporate taxes hurts economic growth, jobs creation and our pensions because it discourages investment. What’s frightening is that we have people who want to lead the country who don’t understand something so basic.
It totally depends on the assumptions underlying the statement. So my question is did you forecast the recent repo crisis that sent interest rates up 500% – how about the Deutsche Bank’s derivative problem or Trump’s trade war?
We’re not running double digit deficits because we’re in an economic downturn or can’t afford essential services. We run them because we want government to give us more and we’re not prepared to pay.
Focus On Leaders Debate Way Overdone
Posted by Michael Campbell
on Monday, 7 October 2019 6:13
Gee, I wonder who’s going to win? Certainly not anyone interested in the issues. Instead it’s a litany of pre-rehearsed answers with no follow-up revealing the simplicity of their policy statements.