This makes them dangerous as economic managers. For example overinvestment in retail residential gives us dangerous rates of foriegn-held private debt, which weakens our economy and drags down our credit rating. There’s a comensurately low level of productive investment.
Increased income inequality means our economy is more sluggish at recovering from downturns (I’m not sure what alchemy produces that, but it’s a known phenomenon throughout the OECD).
The fact they’re just randomly fiddling with the tax settings to achieve these tunnel-vision goals around landlords, is scary.
That’s at least partly because the inner circle are mostly lobbyists turned MPs rather than technocrats turned MPs (the criticism sometimes levied at Labour). Have a look at Nicola Willis’ education and work history - there’s nothing in there that screams Finance Minister.
This is beginning to feel like being driven by a drunk driver. They seem to be really clueless financially.
When they say “good for business” they mean Fulton Hogan and landlords.
That’s all they know: property and road infrastructure.
This makes them dangerous as economic managers. For example overinvestment in retail residential gives us dangerous rates of foriegn-held private debt, which weakens our economy and drags down our credit rating. There’s a comensurately low level of productive investment.
Increased income inequality means our economy is more sluggish at recovering from downturns (I’m not sure what alchemy produces that, but it’s a known phenomenon throughout the OECD).
The fact they’re just randomly fiddling with the tax settings to achieve these tunnel-vision goals around landlords, is scary.
They don’t care. They line their own pockets and their cronies’.
It’s about making the economy better for the clique not for everyone.
Temporarily better. This is the action of a parasite that weakens /kills its host, in terms of actually having a functioning economy.
That’s at least partly because the inner circle are mostly lobbyists turned MPs rather than technocrats turned MPs (the criticism sometimes levied at Labour). Have a look at Nicola Willis’ education and work history - there’s nothing in there that screams Finance Minister.