LETTER: Bribe the poor with grants to save SA
Economic woes need more innovative thinking from Business Day
I do not accept the logic that the options left to finance minister Tito Mboweni in his budget were to “tax, borrow and spend more, or to cut taxes, expenditure and borrowing to reduce interest charges and stimulate confidence and growth”, as Claire Bisseker wrote recently (“Tito Mboweni’s uncompromising budget deserves more credit (https://www.businesslive.co.za/bd/opinion/columnists/2021-03-01-claire-bisseker-tito-mbowenis-uncompromising-budget-deserves-more-credit/)”, March 1).
We’re asked to assume that cutting taxes and “accelerated structural reform” will enable us to replace welfare spending with jobs. Why would this happen? Grants are going to people who either can’t be employed or shouldn’t be, like children...
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