Look here to see my first Australian Federal Budget. In a nutshell I have:
- set a flat tax rate of 25%, as opposed to a graduated tax rate. I could probably have raised company tax to 30% though.
- decreased welfare spending to about 2/3rds of last year
- delivered a $5B budget surplus as opposed to a $6B deficit
Would this work? Who knows. We can be glad it’s a game, and glad that I am not in charge of the Australian economy.