Tax cuts are not needed at this time of the economic cycle. With an economy running supposedly at capacity(strange that nothing seems to be made here in Aus) the extra money sloshing around will merely stimulate inflation. Interest rates will wind up rising again as a result of this- more mortgage pain. Even the retirees will not gain - inflation will downgrade the value of their principal. Typical politicians - making promises they have no intention of keeping, just to get power
. Realistically, tax cuts should be made in better ways, eg to stimulate the middle classes to be able to afford to have quality kids-the type that might get in to astronomy. The current system discourages those with a work ethic having kids and encourages bludgers to have kids(the $5000 baby bonus buys plenty of beer or a few weeks worth of drugs
) Please remember, the kids with bum parents are likely to become bums themselves. This next generation will suposedly be producing goods and services that will maintain OUR living standards in retirement. If they are a pack of bludging bums, WE will have to work much longer for a shorter retirement and LESS time for astronomy
. And who says this thread has nothing to do with astronomy!