Saturday, March 5, 2011

More Tax Fun kiddies...

Yeah it's been on my mind, the debate in the US is so insane that I feel that I have to keep an eye on it so I can be ready for the likely event of the same ideas being rolled out here. The NSW Liberals under Howard did often take their lead from the Conservative movements in the US and it showed in many of their policies. Basically, give tax cuts and credits to their base and meanwhile cry about being revenue short so that the commons can go under funded. Roads, Hospitals, schools, Universities etc. run down and then we are told that it's too expensive and that we really should be using the private option... Fortunately the Australian system is a little more resilient than that in the US, but that did not stop them chipping at the edges and even moving the debate enough to make Labour State Governments enact virtually the same policies. The idea that the public health system is buckling under pressure and that private insurance and care is the answer is basically an idea that has totally infiltrated the psyche of most Australian voters. (Just like the justifications for massive federal funding for private schools , privatisation of roads and our inability to de construct our coal based economy)
Anyway, no answers just complaints tonight. That's what happens when I write after several bouts of the o-so delicious pear cider...
This interview between Sam Seder and David Kay Johnston pretty much covers the US's much more severe version of this with a wonderful outline of the dreaded supply side economics... Enjoy : )