Showing posts with label cuts. Show all posts
Showing posts with label cuts. Show all posts

Government Cuts Health and Technology Funding

  | Government is managing the economy poorly in health & technology health funding high court article highlights government elite excellent daniel hannan telegraph edition title technology breathtaking government brazenness referendum campaign british household eu official publication technology on health funding clear statement remainers formal government stronger I am confident technology or health constitutional propriety pro-eu legal battle parliamentary vote due process it sheer technology it health on funding does case niceties sudden somersault molotov-ribbentrop supremacy victorian was not sovereignty everyone ultimate power particular parliament commons didn’t tack david fuller uk political parties theresa may supreme court’s approval mps prime generalelection cross-party support gravy train personal option inevitably. |
For a coalition government that presumes to understand the business sector, its common sense is lacking. For any private sector to flourish the public arena must be supported. Employees are leaving the health and science sectors in droves. |
Health and technology spending cuts
Tony Abbott pulled the carpet out from under these areas and Malcolm Turnbull has continued the policy. Nurses are flying out to the UK where working conditions, as well as pay, are far superior. Medical research cannot get enough funding from pharmaceutical companies. Government money is essential to get projects off the ground. CSIRO is on its knees as skilled worker with decades of experience are sacked. They get their families together and head off to greener pastures overseas.

Even worse then this, Australian health has been abandoned by the federal government as parliament withholds tax and spends it on other secondary things. States are now expected to find the full cost of running the medical system. This is absolute madness and cannot be sustained. It is common knowledge that Malcolm Turnbull wants complete privatization.
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PEOPLE ARE LEAVING
| cuts |
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The Tax Working Group Makes Predictable Recommendations

The Tax Working Group (TWG) has reached the conclusion that there should be a corporate tax cut. This finding was not surprising considering it was set up for this purpose. It is said that this will bring more investment money into Australia. Considering the Australia currency is already far too strong and is slowing down exports because they are too expensive on the world market, the last thing we need is more money flowing in.

This can be funded by reducing tax offsets for R&D development, it says. What a silly idea this is. Reduce R&D and we will have nothing new to sell. This is like robbing Peter to pay Paul. These are the same companies who will enjoy the corporate tax cut. By cutting back on gas, oil, agriculture and transport tax write offs, there will no overall benefit. Furthermore, ending tax deductions for multinationals will slow foreign investment not improve it.

These inquiries are often a waste of public money. They make recommendations that are usually only the "moving of furniture around the room". Nothing fresh and forward looking is ever suggested by them. The TWG even says the government will collect more revenue by these changes, so it can lower the general tax rate. Great, everyone pays less tax.

What a wonderful state of affairs this will be. Of course, we will pay the "same" tax to government, whether it is direct tax or indirect tax. The TWG are in dreamland.
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Economics
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