I posted an article on FaceBook which received some I thought, quite surprising results – negative to the lower tax for corporations but almost uniformly and quite volatile. Maybe a useful ‘snap-shot’?
sorry the copy is not clear –
Tax cuts for big business! Really it’s tax cuts for Australia! We need to competitive, attract foreign exchange, export, hire people! Tax cuts for people is more what it is about. Big business buys from smaller businesses, the from even smaller & contractors. Let’s get it right, tax cuts for big business is good – ok businesses under $500 million is a much better result than nothing. By the way super Saturday didn’t say anything about these cuts, that’s just humbug. Mr Prime Minister, leadership dictates you lead – take what you can to the floor and get in with it!
Boosted on 31 July
Audience: Australia: South Australia, 18-65+
By Rex Buckingham·Finishes in 2 days
32Leo Smith, Barry Price and 30 others
Glen Heinceslater If your going to support trickle down economics please provide evidence that it works, I for one would love to see it. You see I looked long and hard at the facts and figures surrounding trickle down economics and the result is nothing other than idiots opinions to say it works and a mountain of evidence proving it doesn’t.
So please if you have facts and figures to back your claims I would love to see them.
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Rex Buckingham Not sure I am an idiot Glen, probably not a useful approach to debate or conversation. As in all things there will be different views. I know if you have more money in your pocket you have more choices. A business the same. It can grow and spend or bank it and be more solid, able to invest R&D, take chances and anyway be more able to combat a changing world. More competitive. Yes?
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SidBarb Bell There is evidence from the USA that reductions in business taxes results in increased employment. Government does not create jobs. Governments should create the environment that allows businesses to invest and create job opportunities. It is very difficult to provide any specific figure of the individual jobs created, but the overall employment figures will improve.
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JuneMike Denison Mike here- we attracted foreign money in now we can’t afford to buy our Aussie gas, it’s getting difficult to find Aussie goods on our shelves. Our petrol prices go up & down like a mad woman’s drawers. Our river system is dying because some tosser all…See more
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David Jones They’re really running a population ponzi scheme, and as with any ponzi scheme the money always flows to the top. Immigration is how they expand the base of the pyramid to keep the money coming. As with any ponzi scheme it must ultimately fail (economic collapse, depression) but by then those at the top have theirs stashed and can sit back and wait for it to start all over
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Robin Kelly You know when the USA was at its most competitive? When business tax was 90%. Companies were forced to invest in infrastructure, new business opportunities and wages. The only thing a tax cut for business does is give money to the parasitic share…See more
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Dennis Bailey Tax Cuts,,, He’s a total nutter. The Top end is very reluctant to pay any Tax now, shifting their booty offshore with their “creative accounting” instead of Investing back into Australia.
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John McGowan Could not agree with you more. No evidence available in any free market or capitalist driven market anywhere world wide to support this theory.
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Ashley Saies with respect may I suggest you read what Professor Joseph Stiglitz Nobel Prize winner for economics says about Corporate tax cuts .. reckon we should be talking about effective corporate tax rates and not headline corporate tax rates because Australia probably has the greater concessions and deductions than most any other country in the OECD ..https://www.theguardian.com/…/joseph-stiglitz-2018…
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Don Johns Where has it worked? Where’s the proof?
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Bob Petrie They may dump it? If they don’t they sure as heck wont win the next election if the don’t 😀 but they have to change course on a few more stupid policies if they want a chance 😀
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Michael Newman I’m guessing most will go to AI firstly then buybacks then increasing the wage of CEOs. Evidence is what happened in the US so far and announcements by NAB and TLS replacing staff with AI. The problem is that personal tax makes up 51% of revenue and co…See more
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Adam Andersen Times tax cuts for big business have ever benefited anyone other than the CEOs and shareholders: 0. Exactly 0 times.
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Lorraine Webb Same old crap
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Jim Hansen this crap it will go straight into the CEO pocket as a wage increase or a bonus that what will happen to it
Rex Buckingham I’m surprised by the emotional charge to a lot of the conversation. No suggestions though?
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Michael Vogt And the rest of their crap policies?
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Graham Bundesen BbbuuullllssshhhiiittttT!
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John McGowan Disagree not agree. ( typo)
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Trevor Wilson Pure unadulterated bullshit.
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Michal Dutkiewicz Lying scum! – What is this heinous page?!! – How gullible do you think Australians are?! – Trickle down has been debunked and denounced by every credible economist in the World – You are LIARS!
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William Schulze the bastards should support there people not overseas rip off merchants
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