A ‘FALSE BELIEF’
Prime Minister Scott Morrison is continually telling us that Coalition policies are rapidly reducing Government Budget Deficit and the budget will be ‘in-the-black’ sooner than expected.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The government’s fiscal position is simply the difference between what the government spends and what they receive in tax revenue.
How is this reduction in budget deficit being achieved?
The Coalition are hell-bent on reducing company taxes because they believe that companies are job creators.
This is a false belief, the truth is, if there were no consumers to buy the goods and services that companies had for sale, then those companies and all those jobs would evaporate.
With the continuing growth in company profits combined with ongoing flat wages growth, the part of the ‘budget’ formula that will return the budget towards surplus is less Government spending.
What areas have the government been cutting spending?
Answer: Health, Education, Aged Care, Environment, CSIRO, ABC, SBS and Welfare among others.
In typical Liberal fashion, they are helping those that don’t need help at the expense of those that do.
In a capitalist economy the true job creators are middle class consumers and taxing the companies to make investments that make the middle class grow and thrive is the single shrewdest thing governments can do for the middle class, for the poor and for the companies.
Don Kelly, Kanahooka
PLEASE, BUTT OUT
Reports tell me that Rupert Murdoch and a few of his minions aren't happy with Scott Morrison's performance and Peter Dutton is on standby for another go at the top job.
Fair dinkum this country is being run by a theocratic capitalist.
It's time for big churches and big business to butt out of Australian politics.
Australia is a society not a business, this is just disgraceful shower of behaviour by the LNP/IPA-owned government.
Matty Ryan, Fairy Meadow
JUST TOTALLY INCOMPETENT
“Coalition blames admin error for ‘regrettable’ decision to support ‘it’s OK to be white’ motion”.
So it seems they’re not really far right, white power supporting, neo-Nazi, racists.
They’re just totally incompetent.
Doug Steley, Heyfield
EDITOR’S NOTE: Reader contributed images of our beautiful region you are used to seeing here now run with the letters to the editor online on our website at illawarramercury.com.au.
Send us your photos via email to letters@illawarramercury.com.au or alternatively you can post them to our Facebook page.
You can also go online and view some of the spectacular reader submissions or some of our Mercury photographers’ stunning images via our Instagram page @Illawarramerc
You can also send a contribution to Letters to the Editor via https://www.illawarramercury.com.au/comment/send-a-letter-to-the-editor/
