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Hinchinbrook

25,999 Posts.

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25/01/24

09:48

Post #: 72057826
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Jim Chalmers HAS received Information FROM the RBA which states that the Proposed TAX Cuts will not contribute to higher inflation.

THAT should keep some of the LNP misinformers quiet, for a while, at least.

Originally posted by Tarvold: ↑

It all depends on the product, it's not uniform across types of products & services.
Discretionary spending increases will impact inflation more than non discretionary spending increases.
And lower incomes spend a much higher proportion of their income on non discretionary.
Therefore the ALP tax changes will fuel inflation less than the S3TC.

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