Very hypothetical of you, Dex.
Interesting you say 'National debt perhaps under control', which means, even though you may have debt, you are running surpluses and debt is manageable. If we had our current level of debt, and we were undertaking the huge infrastructure projects necessary (you regularly mention), and we were running year on year surpluses, there'd be no problem. What better time to be issuing bonds, than when it costs less to issue them? Yet, we are borrowing just to help manage our cash flows, and leaving nothing but debt to future generations.
Can you imagine if we had good government during the last ten years of record tax inflows, and the peak of the mining boom? Without doubt, even those who are less productive would be better off. The only losers would be the Unions themselves, although, all the people they supposedly represent (13% of population), would be far better placed financially.
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