Below is an extract of a post published on Guardian titled "Trump’s tax cuts will increase inequality. Australia shouldn't follow his lead | Richard Denniss"
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Make america great again.- Donald Trump.
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.- Dwight D. Eisenhower.
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.- Theodore Roosevelt.
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.- George Washington.
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Via: Guardian
The fiscal policies of conservatives like Trump and Scott Morrison are eating away at the fabric of society If running a budget surplus is a “conservative value’ then Donald Trump is one of the most progressive presidents in US history. The US federal budget deficit is already more than $US779bn this year (more than $AUS 1tn) with the Congressional Budget Office forecasting deficits of more than $US 1tn per year for the foreseeable future. Of course, Trump is no progressive and there is no link between conservative politics and conservative fiscal policy. None. But, just like Trump, John Howard, Tony Abbott, Malcolm Turnbull and Scott Morrison have prioritised permanent tax cuts over long run fiscal stability whenever they have had the chance. Related: Neoliberalism has caused ‘misery and division’, Bernie Fraser says Relying on big tax cuts to stimulate economic activity inevitably delivers the biggest benefits to those that earn the most money Related: Labor backs Morrison’s plan to accelerate business tax cuts Continue reading…
