We couldn’t agree more with Sam Kennard’s comments reported in The Australian today:
Mr Kennard, who is the managing director of the $1 billion self-storage company that bears his name, said a dramatically lower tax regime and less red tape would foster economic growth, even if it brought increased competition to the sector that Kennards Self Storage now dominates.
… “I personally would like Australia to be a tax haven, the kind of place where companies want to set up their offices,” Mr Kennard told The Australian.
“It would encourage investment, job creation and high wage growth.”
… Moreover, he said, most regulation favoured incumbents which already dominate the market, and new red tape rules prevented small business from increasing competition in the marketplace.
“Regulation doesn’t benefit consumers — it makes it harder for competition to come in and generates higher prices and operating costs, and consumer’s suffer,” he said.
Sam is the Liberal Democratic Party candidate for North Sydney, the seat vacated by Treasurer Joe Hockey.
If you’d like to reach out to Sam his email is [email protected].