Good to see Labour leader Phil Goof adopting Libertarianz’ taxation policy by announcing he would like to make the first $5000 of everyone’s income tax-free “eventually.”
Sure, it’s not as good as the Libz policy itself, which is to axe the GST tax while making the first $10,000 of income wholly tax-free (raising this limit rapidly to $50,000). It’s nowhere near as good as that, but it’s a start.
And it’s not even as good as the calculations backing the Libz policy, since as Idiot/Savant points out, there’s a HUGE hole in Phil’s figures. A $1.2 billion hole, in fact—a shortfall that will require more than magic and political spin to make up.
Might I recommend then that instead of just dipping his toe in the Libz policy water, that Phil fleece the full Libz policy as a whole and Put the State Sector Through the Woodchipper, thereby saving tax victims from the enormous tax burden the sector imposes on every one of us.
It would at least serve to distinguish his party from the do-nothing dildoes presently in power.