The Importance of Small Taxes

If we increase taxes on the people earning a record of $1, it's not going to hurt spending that much. So you could double twiggy tax rate and he wouldn't spend any less money. The really difficult part is we have to reduce demand. It makes some sense actually to do the GST as much as the aggressive with low income earners. I hear what you're saying, but that's actually an argument for why we should take small right at the top end. It's like zero impact to your lifestyles.