Excellent article and if we have another 3 years of labour expect more and more expensive failures. There is tragedy at the end of the tunnel. Victoria shows all the symptoms of a failed state. Debt repayments force higher taxes which in turn force individuals and businesses to leave, forcing yet higher taxes and a repeat of the above. S…
Excellent article and if we have another 3 years of labour expect more and more expensive failures. There is tragedy at the end of the tunnel. Victoria shows all the symptoms of a failed state. Debt repayments force higher taxes which in turn force individuals and businesses to leave, forcing yet higher taxes and a repeat of the above. Soon the state will be unable to fund itself. Already happening with a policing crisis. Eventually shrinking revenues and burgeoning debt costs beget fiscal collapse. Thereafter free markets will be the only option!
Excellent article and if we have another 3 years of labour expect more and more expensive failures. There is tragedy at the end of the tunnel. Victoria shows all the symptoms of a failed state. Debt repayments force higher taxes which in turn force individuals and businesses to leave, forcing yet higher taxes and a repeat of the above. Soon the state will be unable to fund itself. Already happening with a policing crisis. Eventually shrinking revenues and burgeoning debt costs beget fiscal collapse. Thereafter free markets will be the only option!