by Richard Denniss
[Originally published on The Guardian Australia, 10 July 2019]
The only time the business community pretends to take economics seriously is when they want to slash their taxes – or other people’s wages. The economic evidence to support the case for multimillion CEO bonuses is as weak as the economic evidence that cutting penalty rates would boost employment. But in Australia, when self-interest and power combine, a lack of evidence is rarely a problem.