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Tax cuts are a welfare handout to the needy wealthy

By Everald Compton - posted Thursday, 13 October 2022


I have never become a member of a political party and never will as this could have the capacity to lead me to life as a one eyed citizen locked in to an ideology that requires a closed mind.

This confirms that I have been a swinging voter all my life during which I have voted for the best leader or candidate, but never the ‘best’ Party.

So it is that I have at times voted for Robert Menzies, John McEwan and John Howard while on other occasions I cast my vote for Gough Whitlam, Bob Hawke, Paul Keating and Julia Gillard. On one occasion, I voted for Greens leader, Bob Brown, as he helped me with legislation regarding needs of pensioners. Now I make it my business to back quality independents as we need many more of them to raise the stature of our Parliaments.

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My purpose in relating my background is to set the scene for this article.

As I am neither a capitalist nor a socialist and believe that both are equally decadent ideologies, I want to add that I especially vote against anyone who advocates tax cuts and believes in the very false theory of trickle down economics. I fight them both with a burning passion as never in my life have I ever seen either of them do anything meaningful for humanity.

It has been proven over and over again that tax cuts make a few favoured people more wealthy than they already are or need to be and enormously blow out the national budget deficit while in no way doing anything to stimulate the economy.

Most importantly, none of their newly created wealth has ever trickled down to the poor. Not ever. Not even remotely. And it never will.

The lie on which ‘trickle down’ is based and promoted is because the wealthy recipients of tax cuts need to have a moral excuse to justify their greed. They want everyone to understand that only seek wealth so they can pass it on to the poor. Unless they can help the needy, they really don’t want to have one cent of their wealth.

From an early age in my 90 years, I regularly have been making speeches spelling out the sheer hypocrisy of tax cuts and trickle down economics. My critics always declare with venom that I have not got a clue about either economics or good government and should therefore shut up permanently.

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So I ask them to give me just one instance where it has been proved that tax cuts have worked, but no one has ever given me a single one that is valid.

They trot out the high profile ones like those legislated in USA by Ronald Reagan, George Bush and Donald Trump or the recent one here in Australia by Scott Morrison, yet none have ever proved that they actually worked for the common good. They are unable to deny that budget deficits blew out and have never been repaid. The poor remained poor and often became poorer. The entire theory is a blatant lie of huge proportions.

The indisputable fact is that tax cuts are a blatant and corrupt welfare handout to the wealthy, the very guys who constantly denigrate the poor for seeking welfare. They are also the same guys who pay the least possible tax that they can so that everyone else pays the costs of national life.

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This article was first published on Everald Compton.



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About the Author

Everald Compton is Chairman of The Longevity Forum, a not for profit entity which is implementing The Blueprint for an Ageing Australia. He was a Founding Director of National Seniors Australia and served as its Chairman for 25 years. Subsequently , he was Chairman for three years of the Federal Government's Advisory Panel on Positive Ageing.

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