Page 271

THe Last Sentry at the Gate 1

Clive Palmer and supporters on the Campaign Trail from the creativity of its citizens and the conditions the government can influence the driver of the Queensland economy. At the moment, there are so many smaller enterprises in every section of the community. One of the common features of the Queensland enterprise is to access to suffusion capital to grow and make investment necessary to employ further people and to stimulate domestic demand. In Australia, all our companies and businesses are required to pay provisional tax. The current forward estimates put receipts from provisional tax at $70 Billion. If we were to move the date for payment of the provisional tax from before our enterprises have earned the tax to the end of the year after we know they have made a profit we would free $70 Billon into the economy and allow enterprise to do what they do best; create jobs, boost domestic demand and the key to economic growth. What would it cost at 2.5% interest rate available to the government around $900 million. Given the schedule payments in the forward projections, if $70 Billion is turned over 3 times by individual tax payers during the year the government get an extra $21 Billion GST plus increased company and group tax. Expanded exports and real growth will turbo charge the economy. President Obama of the USA has restored the US economy by quantitative easing, the European Union has now adopted a growth strategy while here in Australia the Government continues to push for austerity and project doom and gloom and destroy confidence and collapse our economy, following Greece’s lead rather than that of USA or the Europeans, a leap of growth and prosperity. The worst is that this policy of the Australian Government is based upon a lie. It is not just a question, as Bill Shorten said the budget is unfair but that in fact the budget is untrue. Australia is one of the lowest debit countries in the OECD with a debt of just 12% of its GDP with the average OECD debt is around 77%. Australia is only one of 13 countries that have an AAA credit rating. There is a difference between the state of Australian Government finances and the state of the Australian economy. The Australian Government debt position is one of the best in the world, while the state of Australian economy The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia 249


THe Last Sentry at the Gate 1
To see the actual publication please follow the link above