I can’t help but feel that cutting stamp duty is this government’s answer to pretty much everything. Sure, they’ve only done it the once but it’s definitely there in their bag of economical tricks. If only we can get more people buying houses it will fix absolutely everything. Even though, in the grand scheme of things I don’t think that stamp duty really figures too strongly in people’s deposit calculations. Or maybe I’m saying that with my privileged white lady goggles on.
However, I don’t really see how measures to boost the housing market will really affect the situation with the railways in any way, shape or form. Unless people will be so delighted with a home of their very own that they’ll no longer feel the need to leave it in order to go to work (forgetting about that pesky crippling mortgage they’re now obliged to pay back over time). I can’t help but think it’s something of a hand-waving distraction but maybe I’m just being cynical.
Then again, we don’t know how far reaching and all encompassing the manifest benefits of tax cuts can be. Look at the newly Utopian USA, revelling in the glory of hedonistic tax slashing (and that was only for the higher echelons. Imagine how much better everything would be if lower and middle incomes had been similarly blessed). We clearly haven’t given tax cuts enough of a chance.
I should eschew my dearly held leftist ideals and get on board with the populist bandwagon. It would mean more money in my back pocket, which is obviously the goal that every man and woman should have in life. I’m sure I’ll be able to keep thinking that way when education, infrastructure and all the other sexy former prospects for governmental investment crumble into nothingness. It’ll be grand.