"Shortens plan in the end was to tax ourselves to prosperity"
jet, we are in this economic mess because we are NOT TAXING ENOUGH. Maybe you are too ideological to see that, maybe you need to study deeper.
You may not like it at an ideological level but it is sound economics. Increase taxes on higher income earners to generate demand in the rest of the economy. This is the path we will have to take sooner or later.
At the moment, excessive after tax earnings of higher income earners are leading to asset inflation and not enough money in the hands of the rest is crunching the velocity of money, hence inflation, interest rates and increasing inequality.
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- The 2020 Budget (boomer trigger warning)
The 2020 Budget (boomer trigger warning), page-82
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