“Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.”
Quote by Malcolm Turnbull
Author
Malcolm Turnbull
Malcolm Turnbull is an Australian politician who served as the 29th Prime Minister of Australia. Born on October 24, 1954, Turnbull has a background in law and economics. He has been active in Australian politics for many years, holding several important positions, including Minister for Communications and Minister for Finance. His political career is known for his efforts to promote economic reforms and the digital agenda. more
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Source: Aesop's fables