Depends on the business model and who the target market is. I know that the town I live in has seen plenty of people have to tighten their belts to the point where Target and Big W shut up shop. You'd think they were both stores where people on low budgets would rely on. But the reality of the last government was that with long stagnation of wage growth people become very frugal. Until your shirt has holes and you can feel the cracks in the pavement through your shoe's you don't need to replace them.
Also in my town there's been 4 coffee shops and numerous restaurants close. Industries like these will be pretty happy if a $5 coffee and a new shirt aren't classed as a small luxury over the next three years.
Plenty of wealthy people might be worried. But put money in the pocket of someone who can cover their needs and still have the bulk of their wage intact and that money doesn't circulate repeatedly like it does when less affluent people get money in their hands.
Yeah, I am not really up for a debate about it Alan, more just venting to be honest. I also know that you dont actually believe everyone in business is rich.
I am more pissed about the Liberal party and how it has have gone from Howard politics into a spiral down with Abbot and Scomo and in between the disgrace known as Turnball. Politics in general makes me sick these days, neither party really stands for anything of substance as the recent campaigns of both major partys showed.
As for the Greens and people that think they are all about the trees...someone please shoot me..