The government needs to create a healthy and efficient investment climate.
When politicians start defending policies that have patently not worked, it is time for some clear thinking about how we can extricate ourselves from the “no-growth” scenario that is keeping our economy — and our population — in the stagnant situation in which we find ourselves.
The facts are simple: we have an extraordinarily high unemployment rate, the economic growth rate is not expected to improve dramatically within the next few years, and no-one seems to come up with an approach which will change the situation. First, economic growth is created by investment. Money doesn’t care about race or gender — all that counts is that investors get a satisfactory return on the cash and effort that they put into a venture. The government’s role is to create a healthy and efficient investment climate.
When confronted with a choice, the government should take the option that has the best chance of creating new taxpayers or expanding the taxpayer base. And sectors of the economy should receive tax rebates based on the number of new employees taken on in any one tax year.
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