This budget is different
Michael Knox
Morgans
I have now covered more Australian budgets than I care to remember. Many budget speeches are not memorable; however, this one is different. What makes this budget different is that the Treasurer seems to understand how the economy works. A steady reduction in taxation on small and medium businesses leaves them more money to invest. With more money to invest, they can create more jobs. Rarely has the problem of creating jobs in a modern economy been more correctly and precisely addressed. Simply put, a tax on profits is a tax on job creation. This is particularly true for small business. Most Treasurers never seem to work that out. See my thoughts on yesterday's budget and RBA rate cut, read the text article: (VIEW LINK) or view the video:
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Michael was an Australian Trade Commissioner serving in Saudi Arabia and Indonesia. He joined Morgans (now Morgans Financial Limited) in Sydney in 1988. He was Chief Institutional Options Dealer until moving to Brisbane in 1990 as Economist and Strategist. He joined the Board of Morgan Stockbroking in 1996. He became Director of Strategy and Chief Economist in 1998. Michael has served on many Queensland Government advisory committees. He was Chairman of the Queensland Food Industry Strategy Committee in 1992, a Member of the Consultative Committee of the Ipswich Development Board in 1993, a Member of the Queensland Tourism Strategy Committee in 1994 and a Member of the Ministerial Advisory Committee on Economic Development in 1997. From 2003 to 2012, he was Chairman of the Advisory Committee of School of Economics and Finance at the Queensland University of Technology. He has been a Governor of the American Chamber of Commerce from 1997 to 2007. In 2008, Michael joined the Board of The City of Brisbane Investment Corporation Pty Ltd. Michael was the President of the Economic Society of Australia (Qld) Inc from 2009 to 2013. He is now the immediate post President.
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Michael Knox
Director of Strategy and Chief Economist
Morgans
Michael was an Australian Trade Commissioner serving in Saudi Arabia and Indonesia. He joined Morgans (now Morgans Financial Limited) in Sydney in 1988. He was Chief Institutional Options Dealer until moving to Brisbane in 1990 as Economist and...
Expertise
No areas of expertise
Michael Knox
Director of Strategy and Chief Economist
Morgans
Michael was an Australian Trade Commissioner serving in Saudi Arabia and Indonesia. He joined Morgans (now Morgans Financial Limited) in Sydney in 1988. He was Chief Institutional Options Dealer until moving to Brisbane in 1990 as Economist and...
Expertise
No areas of expertise
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