Gordon Campbell: On Our Austerity Fixation And Canada Staying Centre-left

The right’s eternal hope and belief is that tax cuts will unlock vast amounts of entrepreneurial energy, spark economic growth, stimulate spending, and eventually create a world of plenty in which tax revenues overall will rise. This gospel is the very definition of voodoo economics. The tax cuts path to prosperity was tried, failed, and went out of fashion back when Ronald Reagan was still in the White House. Regardless, New Zealand still seems to be hellbent on cutting its way to prosperity.