Treasurer, wealth flows up not down

By Letters to the Editor
Updated February 22 2018 - 10:18pm, first published 3:29pm

Flowing up not down

Treasurer, wealth flows up not down
Treasurer, wealth flows up not down

I have been watching our federal politicians argue over tax cuts for businesses, with the Coalition arguing that it will create jobs. As a former businessman, I know that a business only pays tax on profits, and that any increase in profits is more likely to be distributed to shareholders rather than put back into the business. The trickle-down effect of tax cuts on jobs is not proven and is most unlikely.

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