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clock Created with Sketch. 14/07/18
21:57
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Originally posted by moorookamick
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IMO, The Commonwealth Government in conjunction with the opposition and in conjunction with the Reserve Bank and other major economic institutions ought to formulate a rolling 20 year Economic Plan and, like China, tweek it every 5 years.
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But corporate tax rates need to be adjusted downwards constantly or else capitalists can threaten to take development and production offshore, so businesses need lower wage bills and lower corporate taxes funded out of GST while austerity budgets can reign in consumption as public assets are flogged off. There is no alternative, you have overlooked the reality of the falling rate of profit.
