This comes up periodically and is absolutely true, judged as a liberal economy Australia is generally quite efficiently run with below average taxes and above average services. Which is no excuse for not trying to do better and indeed think outside the liberal box.
More interesting is that the graph “Breakdown of total tax raised in Australia since WWII” under “Other taxes” there is a spike in 1951. It seems to correlate with the USA stockpiling wool as part of their strategic reserve and a subsequent speculative bubble.
This comes up periodically and is absolutely true, judged as a liberal economy Australia is generally quite efficiently run with below average taxes and above average services. Which is no excuse for not trying to do better and indeed think outside the liberal box.
More interesting is that the graph “Breakdown of total tax raised in Australia since WWII” under “Other taxes” there is a spike in 1951. It seems to correlate with the USA stockpiling wool as part of their strategic reserve and a subsequent speculative bubble.
https://www.winton.com/news/australias-lesser-known-commodities-booms
https://trove.nla.gov.au/newspaper/article/185564703