Every time the All Blacks lose to the Wallabies, New Zealand endures a familiar grieving process. First comes grief, then blame, soul-searching, and finally brainstorming over the right tactics to beat them.
The latest excuse from the government for not giving us tax cuts (despite an $8 billion surplus) is the fear of inflation. But do tax cuts really cause inflation? The short answer is it depends on how you pay for them.
The movement for lower taxes is not an ideological exercise, or a way for the rich to make more money. It is a key tool in sparking the economy and helping us compete on the world stage.
Australia has been going through an unprecedented and unbroken period of prosperity. The economy is booming, employers are complaining of labour shortages, and real incomes are higher than they have ever been. Yet rates of welfare dependency are still rising.