you cannot expect to increase business confidence by telling businesses how to deal with the profits they are left with after tax, interest and debt repayment and depreciation.
Josh had to say this, but I hope the government does not start actually altering the rules. Equity investment is much riskier than working for wages, and if the returns aren't there, capital will strike and invest in other ways or in other countries, so workers worse off.
low productivity growth is also greatly influenced by excessive red and green tape, additional holidays, extent trading hours and traffic congestion.
That would be a better place for Government to work, but I am still waiting to see that.
I hope Josh is not a lefty. He's a capable and affable guy but we also need people in cabinet like Andrew Hastie and Barnaby Joyce, with some real world experience outside merchant banking and Government.
