5 Jun 2016

Strange modelling used to sell company tax cuts

The strange modelling used to sell company tax cuts

OPINION
CoinsPHOTO: The modelling is at the heart of the problem of the company tax cut plan. (ABC News: Gregory Nelson)
We're told that cutting the company tax rate will lead to greater economic output, higher wages and more jobs. But the modelling used to support these claims is based on assumptions that are divorced from reality. 
There's an old joke about an economist, a physicist and a chemist stranded on a desert island with no implements and a crate of canned food that washed up from a shipwreck.
While the physicist and the chemist set about devising novel ways to open the cans, the economist says: "Let's assume we have a can opener."
Its obvious that the LNP modelers not only assume they have a can opener but they have a full set of tools as well. Problem:- If they're only assumed tools they still can't open the can?

No comments:

Post a Comment

Featured post

AUSTRALIAN NATIONAL ANTHEM: my attempt with minor changes. Adding 'dream time' might it may help us recognise the original peoples of our land.

My version:- AUSTRALIAN NATIONAL ANTHEM Australians all let us rejoice, this ancient land that sets us free The dream time i...