Ross Gittins, Economist: If you think life is tough now, it will only get worse under an Abbott Coalition

Ross Gittins, the Fairfox economics editor, talks about the effect of surplus-driven economic policies…

How both sides wrecked the tax base – Ross Gittins
19 March 2012

Although Gillard’s desire for a budget surplus in under threat from a wounded tax base…

Gillard’s problems pale in comparison to Tony Abbott’s, with his oddly ideological and populist commitment to rescind both Labor’s carbon tax and its mining tax without rescinding all the tax cuts and spending increases the taxes will pay for.

There seems little doubt Abbott’s term in office would either be marked by an orgy of broken promises or be consumed by agonising over what spending to cut, with eternal lobbying both before and after the fact.

Source: How both sides wrecked the tax base


text by @redglitterx
additional text, Ross Gittins used under Fair Use copywrite

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2 Comments to “Ross Gittins, Economist: If you think life is tough now, it will only get worse under an Abbott Coalition”

  1. In the Uk the Conservatives( The Liberal counterparts) have slashed the National health Service despite huge opposition- as well as suggesting that the public service and other workers might be paid less according to where they live and work. London high wages- everywhere else lower and lowest. Can see these policies being replicated here.

    • {Alias requested for above comment}

      Thanks for your comment, and oh yeah, agree totally. Heard about the London wage thing recently, and that is being replicated in other parts of the world. Republicans in the US are fighting to lower the minimum wage for workers who get tips, in Florida anti-wage theft laws were blocked, I also heard recently in Greece workers were having to pay a bond to keep their jobs.

      Agree, I can see Australia having to fight another Work Choices election sooner rather than later.

      redglitterx

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