Economic ‘reform’ is only urgent when it comes to cutting their own tax rates or increasing red tape for their union enemies
The only time the business community pretends to take economics seriously is when they want to slash their taxes – or other people’s wages. The economic evidence to support the case for multimillion CEO bonuses is as weak as the economic evidence that cutting penalty rates would boost employment. But in Australia, when self-interest and power combine, a lack of evidence is rarely a problem.
The economic case for tax reforms such as the introduction of carbon taxes, resource super profit taxes and wealth taxes is as overwhelming as it is irrelevant. When economic theory and evidence combine to suggest a carbon tax would be a simple and efficient way to reduce greenhouse gas emissions, the business lobbies bury their heads in the sands of their winter escape. There is zero chance of our self-appointed “business leaders” lifting a finger to push for climate policy reform in the next few years. No matter how good such change would be “for the economy”.
Continue reading...from The Guardian https://ift.tt/2JqPGPJ
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