These guys want politicians to essentially put aside their differences and resolve how to ride out the economic crisis.
If politicians can't put aside their differences in the good times, how are they going to do it in a crisis, when the outcomes riding on their decisions are even more crucial? Having said that, there is no real difference between Labour and National and they should be able to concur on some nutty statist 'solutions' like enticing ex-pats home with tax breaks those of us who stayed here won't get.
It's all a bit holier-than-thou to slag off tax cuts to middle New Zealand but then suggest targeted tax cuts as one of their own silver bullets. More state manipulation of the tax system and bestowal of privilege should be avoided now as much as at any other time.
Flatter and fairer is what we need. (And I wish economists would stop referring to subsidies as tax credits. In my dictionary a tax credit is only possible if an entity or individual has paid some tax. Soon we will hear social welfare benefits referred to as 'tax credits'. The language is intended to neutralise emotions and sanctify receipt of other people's money.)
Samizdata quote of the day
3 hours ago