Why we’re fucked
Australian CEO’s back corporate tax cuts because:
“Tax cuts drive investment”
No they don’t. Investment is usually a before tax expense.
Tax cuts drive higher dividends and larger CEO bonuses.
Why would an oligarchy invest into a saturated services market anyway? They can’t extract any more money out of the market, unless its at the expense of a competitor.
No new jobs will be created, as the govt claims.
Tax cuts will result in shareholders taking more money off the table, fueling wealth disparity, which results in a smaller pool of money available for consumption of goods and services.
Corporate tax cuts will reduce the market size for our big corporates. The CEOs don’t care; this won’t become obvious until after they have their large houses and boats, yada.
offshore westerly 