Trickle treat

John Roughan (Weekend Herald, November 12) defines inflation as “too much money chasing too few goods”. In this he agrees with Grant Robertson’s assertion that National’s tax cuts will be inflationary — they will direct even more money into the marketplace, but won’t affect the lack of goods available to buy.

“Luxury Luxon” and “WonderWoman Willis” both subscribe to the illusory “trickle-down” theory — that businesses will eagerly invest tax cuts right back into improving their productivity; the gains from this will “trickle down” into the economy; which will then grow, and benefit everyone.

Also, pigs might fly.

John Key and Bill English thought so too, back in 2008 — they cut taxes — and raised GST to pay for them. Result?

We stubbornly remained a “low wage, low productivity economy”, and National-led Governments ran deficits for years afterwards.

Vote National — and watch out for flying pigs.

Clyde Scott, Birkenhead.