The Australian Institute’s chief economist, Richard Denniss, has questioned the obsession with cutting taxes, especially for the wealthy, claiming it fails economics 101. From The Guardian:
Bill Shorten’s ALP are promising to close tax loopholes, collect tens of billions of dollars in additional revenue and spend tens of billions of dollars more on health, education and infrastructure. Scott Morrison wants to cut the company tax rate, leave all the loopholes as is, and gradually cut spending on services and welfare.
