The Liberal Party economic platform is classic trickle down economics that claims greater business profits leads to jobs and growth for everyone. The Liberal Party company tax cuts to business would be passed on in more jobs and more employment. The business tax cuts would go to the 4 big banks. What profit did the Commonwealth Bank make last year? Approx 4 billion dollars.
The Commonwealth Bank closed its large branch in Smith Street just recently and replaced it with a smaller branch in which the tellers have been replaced with machines. That is right, the Commonwealth Bank in Smith Street no longer has tellers at all, just machines. That is what trickle down economics is doing for the banking sector. If business makes more profits it shares it out amongst the people? It is simply bullshit.
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