kiwigreg369 wrote:Reds - it’s a bit chicken and egg though.
Raise wages, raise costs, raises prices, worsen cost of living etc..
Raise wages, raise costs, reduce profits, impact super schemes etc...
In my view the fundamentals are more fundamental:
- size and nature of cities (Including immigration)
- stupid tax breaks prolong up the house building industry
- inability to extract community value out of mining profits
That said peoples buying patterns and then need for the latest 70 inch tv on your jet ski is hard to earn for ...
Fair enough and I particularly agree with the second part of your post. There’s a sort of philosophy underpinning economic structure here that suggests there are levels of entitlement. The tax system has loopholes designed into it to reward wealth accumulation for instance, with the housing market the obvious example. Likewise, business is effectively being sponsored by wage earners and that is rationalised by the creating jobs argument, something Ng that doesn’t stand up to serious scrutiny.
I reckon a massive overhaul of the taxation system is in order with revenue collection spread right across the board and an underpinning philosophy that says everyone pulls their weight and everyone shares the benefits through healthcare, education and the like.
That makes me a dirty commie though, right.