Meg Thornton

Dear newly elected reps: this one is a no-brainer

The money should be used for ALL Australians, not put in the pockets of the wealthiest, and even less sent offshore. Trickle down economics is a failed theory. It does NOT work.

Gyongyi Horvath

Fund medicare, schools and hospitals

Hilary Tilton

These tory bastards want to privatize all money making government services and even health to put a stop to free hospitals, and follow the United States ‘of’ America down the unregulated capitalism track. We will receive nothing for the taxes we pay, and the politicians will continue to reward themselves like private sector CEOs with bigger and bigger pay rises and perks. Bugger the tories, we need to oust them and their austerity policies that have forced 3 million Australians to live below the poverty line already, in just 3 years.

CURRENT HIGH PRIVATE DEBT LEVELS PREVENT THE USUAL LOW INTEREST RATE STIMULATION MEASURES FROM WORKING IN ADVANCED ECONOMIES INCLUDING AUSTRALIA.


THE SOLUTION IS SIMPLE:


(I refer to Australia below but the same solution is essentially universal for all advanced economies).


We need massive government spending on R&D in potentially deflationary industries including clean alternative energy supplies, nano technology research and development, and medical research (including the effect of lifestyle and diet on diseases such as cardiovascular, diabetes and cancer). A subsequent deflationary effect will occur in all of these industries and parts of the economy affected and will bring for example lower power prices and medical costs. This deflationary effect will pay for the government expansion and will provide employment in a transformed high tech Australia.


This a a form of QE for the people instead of for the finance and banking industry at a time when new debt cannot be used as a stimulant because private debt is too high.


Coupling such an approach with a reduced level of immigration (except for experts who are essential to fill job roles in the areas of expansion) and the end of negative gearing and the end of superannuation advantages for the rich will provide government with additional tax cash to beneficially use to further the expansion. Further, the cost of business and other premises for use in the expansion will fall, as will the cost of homes in which to live, and the expansion will be further fired-up with many more opportunities for entrepreneurism.


Notably, accurately targeted deflationary stimulation creates a virtuous circle where government must spend more to off-set deflation. Thus, a virtuous circle is created until no more deflationary inducing spending is possible. At this point the population has the advantages of a newly established higher standard of living and the government stimulation can be withdrawn.

Why should tax avoiding crimnels like Gina Rinehart and Murdock who breaks into the emails of Murdered children ( Findings of the British royal inquiry into the Media) get more tax cuts in reward for not doing the right thing while pensioner and those who have paid tax all their lives and done the the right thing be dragged across the coal to see if they have any saving hid away so the liberals can fund their tax cuts for the crimnels.

these are multi national thieves..that pay very little tax,,,