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FEB 10

Chamberlain or Churchill

Its the economy stupid.

The tax system is broken, the economy is broken. As a result of absent investment in the real economy (monetary policy killing exporters), we are not creating well paid jobs, but the “state” has to be paid for so we have to tax low and middle earners heavily, sadly they cant make ends me so we invent stuff like WFF – that demands yet more tax and we all slowly sink (fiscal policy kills productive activity).

The TINAs (there is no other way) would have us think that is all there is, this trajectory will not change fiddling and tinkering around the edges.

A week ago we got a Chamberlain but we need a Churchill – any takers?

Much more here:

http://www.interest.co.nz/ratesblog/index.php/2010/02/15/labours-david-cunliffe-talks-about-john-keys-tax-reform-repeats-offer-for-bi-partisan-talks-on-property-taxes/


tags: tina, economy, fiscal, monetary
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