Ferdi Magellan<p>Scrap stage three tax cuts. They are regressive. Why must the poorest pay to fix inflation? <br>Here’s <a href="https://aus.social/tags/AlanKohler" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AlanKohler</span></a>. I like the cut of his jib. <br>“…it is perfectly clear that there is no obvious economic benefit from lower taxation, and if anything, the reverse applies.<br>“Why is that? Well, that seems pretty obvious to me: Education and health care are far more important to economic growth than how much money the professional and business classes get to keep of what they make.<br>“I doubt this information will ignite a light bulb above any political head, followed by the return of a 67 per cent top marginal income tax rate.<br>“In fact, the Labor government has even promised to keep the Coalition’s Stage 3 tax cuts, which make the tax system less progressive, not more, so even Labor is on board with the myth that lower taxes promote growth.<br>“But Philip Lowe has raised the concept of inequality, and he should keep at it.”</p><p><a href="https://thenewdaily.com.au/finance/2023/02/20/rba-interest-rates-kohler/" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">thenewdaily.com.au/finance/202</span><span class="invisible">3/02/20/rba-interest-rates-kohler/</span></a></p><p><a href="https://aus.social/tags/auspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>auspol</span></a> <a href="https://aus.social/tags/WageCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WageCrisis</span></a> <a href="https://aus.social/tags/Economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economics</span></a> <a href="https://aus.social/tags/JimChalmers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JimChalmers</span></a></p>