Typical comments from people who understands 10 words slogans but refuse to educate themselves on the topic.
First of all big business employs most of us in Australia so small business being the engine room is your typical politician garbage they say to sound nice.
Second what are you going to do, exclude the big 4 from it and completely distort pricing? What you want to give a leg up to BOQ, SUN, BEN and other small lenders who are absolutely no better?
Third, what is your answer to keep capital in Australia? What you think foreign investors are going to keep it here just because they have a good heart? Have you been paying attention to the capital flight in all emerging markets since the Fed has started to hike rates, you think our turn won’t come? Why would you keep your money here when the US is going gang buster and cut their company tax rate. You don’t want to cut company tax fine, it’s not the only lever, we can look at industrial relations or other productivity factors, oh wait we cant because Labor is opposed to it. They basically oppose anything that makes us competitive.
Give us the solution to improve return on capital so we can keep it here and remain competitive in a global environment.
You are as irresponsible as Bill and worse Bowen who advocated for it what just 3-4 years ago.
