Re your post which included; "... They are the ones you should be directing your anger at. They didn't listen and they made extremely bad decisions. Now they, and all of us, have to pay the Piper."
Pending changes in the next budget; Kevin Rudd and Julia Gillard have spent a lower percentage of GDP than the Coalition did under John Howard.
What has changed is the appalling failure of corporations to deliver their fair share of tax revenues - every time there's a budget update we are told of yet further shortfalls from the corporate sector.
What we do know about the corporate sector is the extent to which the private sector has become absurdly top heavy and the extent to which exectuivie remuneration is running amok - shareholders are still powerless to change that despite all the hot air and promises from pollies.
We need our pollies to address falling corporate tax revenues caused by massively declining admin productivity and massive blowouts in admin costs - as any read of stock forums on HC quickly demonstrates and as per the thread I posted on this matter today.
