March 2018
Trickle Down Economics
Simply put, 'Trickle Down Economics' is a fantasy. It is a fantasy promoted, generally by the right wing, as being the saviour of the masses.
The problem is, it doesn't work.
When we discuss the proposed tax cuts for the big end of town, in the region of $36 Billion (yes, that is right, the figure being bandied around is $65 Billion is for all companies its tax cuts).
Think:
1/. For example the big four banks make extraordinary profits, why have these not 'trickled down'?
2/. Many of the large corporates pay little (relative) or no tax, so how does decreasing their tax liability help?
The fact is, it's all a sham.
The problem is, it doesn't work.
When we discuss the proposed tax cuts for the big end of town, in the region of $36 Billion (yes, that is right, the figure being bandied around is $65 Billion is for all companies its tax cuts).
Think:
1/. For example the big four banks make extraordinary profits, why have these not 'trickled down'?
2/. Many of the large corporates pay little (relative) or no tax, so how does decreasing their tax liability help?
The fact is, it's all a sham.
Barnaby Joyce - 2 Bastards?
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