By Mark Clifford
This updated graph of Hours Worked in Australia is clear evidence that the Liberal government of Australia has failed at Economics Management 101. If you are a rusted on Liberal voter well good for you, but you will continue to ignore the evidence at your own peril. If you are an uncommitted voter or a thinking voter and you are somewhat perturbed with the idea that the Liberal government may just make it back to the treasury benches, well study this graph of hours worked in Australia closely because it is the bottom line when it comes to economic management. Don’t listen to the vested interests and know nothing blowhard commentators who peddle rubbish like this index is up and this index is down, because they don’t know any better, they are just practicing ‘monkey see monkey do’.
Just think about this, Malcolm Turnbull and Scott Morrison want to give a $50 billion (over 10 years) tax break to companies for what? For what? They can’t employ more staff to make more widgets because Australians don’t have anymore money to buy said widgets. So, the only reason is to bolster the bottom line of these companies so they can keep CEO bonuses rising and so on. If a company is doing well and has a good product they will naturally expand to grow their company, and take their profits and pay their tax. Remember, it is the conservative side of politics who complain about government handouts of unemployment benefits etc., and it is the same side of politics who put their snouts in the trough for government handouts in the form of tax cuts and various ‘incentive’ handouts to their companies and businesses.
Now I don’t begrudge small businesses being able to immediately write off $20,000 to purchase business items and it is no wonder that Harvey Norman (Gerry Harvey) is crowing in adds thanking the government for such an incentive to small business because the extra profit is just making him richer and he is not employing more people and neither are the small businesses. The proof is in the graph. What is the difference between this scheme and the $900 that Rudd dished out along with building school halls etc to save Australia during the GFC? I’ll tell you what the difference is, look at the graph and you will see that the types of incentive schemes the Labor Government introduced really did benefit the economy, unlike the result of the Liberal Government’s pathetic economic management practices.
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Also by Mark Clifford:
Oh, Malcolm, you are true to form
Who’s to blame for demise of the Australian economy
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