hmmmmm,the 'trickle down theory'
Give the well-heeled a big tax cut and the extra money that they spend will boost the economy?
Tried that here in the 1990's,didn't work.
Government ended up selling off billions of dollars of state owned assets to balance the books.Power stations and transmission lines,rail networks,banking services etc,etc...
10 years later,the corporate vultures have run it all into the ground and are ready to walk away.To prevent the rail network from disappearing into the history books,it looks like the government will have to buy it back.Our national airline has already been rescued from overseas interests when the international travel market collapsed.We are facing power shortages this winter because the overseas interests that own our networks and generating facilities would rather push the price up than invest in new generating capacity.Our roading network is crumbling,because instead of being maintained by the government,,the road contracts are let out to the cheapest cowboy who tenders for them.
As for the benefits of cutting taxes?well hospital waiting lists got so long that they had to take urgent action.Too bad that the action they took was to tell half the people on the lists that they were no longer eligible for the medical care that they were seeking.
Our Air Force has been gutted to the extent that its a major event for the RNZAF to take delivery of two troop transport planes...they replace Boing 727's for God's sake!We have no jet fighter squadrons, and some of the Hercs are living a charmed life beyond their flying time.
Tax cuts give to you in your hand half of what you already had in your back pocket.