Friday, April 28, 2017

Adam and morality

So Adam Creighton urges caution about the (apparent) Trump tax plan working out all that great.

He likes the company tax cuts, but is doubtful about any economic benefit from the personal tax cuts. This line, though, shows what a jumble of thoughts he is:
The moral case for cutting taxes — “hands off my money” — is stronger than the economic case. On the other hand, the Trump plan could ratchet up inequality — already severe — to levels not seen since ancient times.
So he is acknowledging that inequality, at too severe a level, is immoral?   Which makes quite a puzzle of his years long finger pointing, in the Australian context, of the number of households not paying any net tax.  

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