what the stimulus, page-8

  1. 5,227 Posts.
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    For those people that watch Hollowmen on the ABC, note the similarities

    a) Creation of a crises (as the opposition starts to gain traction)
    b) selective to who the money goes to
    i) pensioners - it's a bit like motherhood, who can argue with giving pensioners a bit more
    ii) First home owners - it's a bit like motherhood, who can argue with giving first home owners a helping hand to realise the Aust dream
    iii) but not to people on unemployment benefits - after all, the govt does want to be seen to be soft on "dole bludgers"

    The package, IMO is poorly constructed. A better way would be to raise the weekly pension, (and other Govt welfare) and to provide tax cuts. (maybe raise the tax threshold from $6,000 to $10,000)

    This is a populist move rather than good economics.

    HT1
 
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