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Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.
Malcolm Turnbull
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"Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides."
— Malcolm Turnbull #moneywealth

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Governments enjoying surpluses have a very strong temptation to splash money around, and while…

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Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides. — Malcolm Turnbull

About Malcolm Turnbull

Malcolm Turnbull was a Politician from Australia (1954–present).

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Frequently Asked Questions

Who said "Governments enjoying surpluses have a very strong temptation to splash money ar…"?
This quote is attributed to Malcolm Turnbull, a Politician from Australia.
When did Malcolm Turnbull live?
Malcolm Turnbull lived from 1954 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.