Tax

The financial pages are full of talk of tax reform.

This because the libs won in NSW, so many self-serving souls are saying that unpopular reform can be pushed through if the reform is well-spun to the masses.

Somewhere there is an economist that could rigorously forecast the impact of various changes to the tax system and come up with a great plan that takes into account all of the myriad of parameters.

But between that economist and any actual reform there lies the rest of us with our self interest, disinterest, mistrust, brown paper bags and cricket bats.

The whole thing seems to be an effort to soften us up for an increase in GST and more taxes on superannuation funds.

Rather than raising taxes on superannuation funds, the government would be better off if they just borrowed their money from the superannuation pool, forcibly if needs be, via bonds.

This way, because the debt is in AUDs, they could just print money to repay their debts and in the process make Australian exports more competitive and reduce the consumption of imports.

This would give them a real lever over the economy. One which they don’t have now.