Adams takes a Marxist View
Philip Adams does a quick take on Howard’s surplus allocation.
And there’s Howard, acting as if all that accumulated moolah belongs to him and that we should be immensely grateful if he gives some of it back. Moreover, we should express our gratitude by voting for him.Actually, I see it as Howard acting as if the money does belongs to us and he is allocating it in a manner that he figures will best answer our needs. This is one of the things we pay him to do and if he does it well we re-elect him. He knows that, we know that but Philip has to put a negative spin on it. I thought you guys hated surpluses, claiming that the money belongs to the voters and should be spent on us. Well, that’s what Howard is doing. You don?t have to be a Marxist to take offence but it helps.
My complaint concerns prime ministerial chutzpah — for pretending, for daring to suggest, that it is his efforts, and those of Costello, that have made Australia wealthy. You don’t have to be a Marxist to take offence at this topsy-turvy view of how wealth accumulates in a federal treasury.Poor Philip. Can’t come to grips with the fact that the Coalition run a good economy. Our economy is in good health due to the efforts of Howard/Costello. If it was a Labour government that had delivered lower unemployment, low interest rates and unprecedented growth over three terms then Philip would be beside himself positively spinning the superlatives. Still, Philip does serve a purpose, even if it is only to underline the thought process of the dark forces.
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I disagree Kev. Adams’ sounds like a conservative in his article. It is the people who create wealth, not governments. The ‘strong’ budget is due to massive increases in tax revenue.
I find it bitterly disappointing that the Libs are reducing the tax rates. They’ve got plenty of scope to do it with the huge projected surpluses.
Maybe we need to look at the reasons for the massive increase in tax revenue
Could it be due in part to massive increase in the economy? The better the economy the more workers employed thus providing tax receipts where previously there was none. In addition, those already employed could be enjoying greater income and the companies doing the employing could be enjoying greater profits, hence paying more tax.
With interest rates down and more money flowing into the community could it be that people are spending more and thus increasing GST income?
Any increase fom GST income, as we all know, goes back to the states who should then improve health and education etc.
If any of this is true then there could be a case to give tax relief to the less advantaged in the community. Whichever is the case I can’t see huge tax revenue as a negative so long as it is spent wisely…and that is the crux of the election. Who will spend it better?
True, it is the people that create wealth but it is the government that gives them the climate to create that wealth. Once again, who provides the best circumstances for wealth creation? The Coalition who support small business or the ALP who support wealth redistribution without any emphasis on creation.