Editing Robert Menzies (section)

=== Economic policy ===
[[File:Holt and Menzies.jpg|thumb|Menzies with Treasurer [[Harold Holt]]]]

Throughout his second period in office, Menzies practised classical liberal economics with an emphasis on private enterprise and self-sufficiency in contrast to Labor's 'socialist objective'. Accordingly, the economic policy emphasis of the Menzies government moved towards tax incentives to release productive capacity, boosting export markets, research and undertaking public works to provide power, water and communications.<ref>{{Cite journal|title = Menzies and Post-War Prosperity|last = Starr|first = Graeme|date = 2001|journal = Liberalism and the Australian Federation Edited by John Nethercote}}</ref>

In 1951, the top marginal tax rate for incomes above £10,000 (equivalent to $487,272.73 in 2022<ref>{{Cite web |last=contact=Media Office |first=Information Department |date=30 October 2015 |title=Inflation Calculator |url=https://www.rba.gov.au/calculator/annualPreDecimal.html |access-date=18 December 2023 |website=Reserve Bank of Australia |language=en-AU}}</ref>) was 75 per cent under Menzies; from 1955 until the mid-1980s, the top marginal tax rate was 67 per cent.<ref>{{cite web | url=https://www.theaustralian.com.au/commentary/opinion/hit-the-very-wealthy-with-more-tax-as-robert-menzies-did/news-story/8953321ef14d6074db39803d3a722776 | archive-url=https://web.archive.org/web/20230422063629/https://www.theaustralian.com.au/commentary/opinion/hit-the-very-wealthy-with-more-tax-as-robert-menzies-did/news-story/8953321ef14d6074db39803d3a722776 | archive-date=22 April 2023 | title=Hit the very wealthy with more tax, as Robert Menzies did &#124; the Australian | date=9 January 2019 }}</ref>