Actually I just made that up. I could never get anything that wrong. Can anyone?
Well, yes as a matter fact. Bill English and John Key to name a couple of financial 'geniuses'.
They forecast that giving the rich a massive tax cut (and the poor a little one for good measure) and at the same time increasing GST would boost the nation's coffers.
Unfortunately for them and us this didn't happen. At the end of the fiscal year the shortfall in tax revenue was 1.8 billion dollars. That was 1.8 billion!
So where is it?
It certainly isn't in the pockets, bank accounts and investments of anyone who earns less than 50k a year.
Maybe it is in the real estate, car upgrades, holiday snapshots and i-pads of the top earners.
1 comment:
Anybody can make a simple mistake.
Just like all the Kiwis who voted national.
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