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Tax cuts are a welfare handout to the needy wealthy

By Everald Compton - posted Thursday, 13 October 2022


The proven way to stimulate any economy is for government to create jobs by going into debt to build infrastructure & constantly enhance our essential food, health, education, housing, energy, and transport systems. This generates an army of taxpayers to fund the nation and creates spenders who fire up the market place.

Let me emphatically say in closing that I encourage and hugely admire people who begin life with nothing but work hard and wisely and honestly to gain a position of genuine wealth while paying a responsible amount of tax while they do it. We need many more of them, but no wheelers and dealers and plunderers who are also tax avoiders.

I also work to create a world in which everyone has a fair chance to become financially independent which is the status I have managed to achieve in life and is all that most humans really need to enjoy a good life of positive and creative achievement.

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About the Author

Everald Compton is Chairman of The Longevity Forum, a not for profit entity which is implementing The Blueprint for an Ageing Australia. He was a Founding Director of National Seniors Australia and served as its Chairman for 25 years. Subsequently , he was Chairman for three years of the Federal Government's Advisory Panel on Positive Ageing.

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