I agree: over the past 3-4 decades we've heard this “low tax” BS from government at all levels. What it really means is that those governments are operating various services “like a business” which means “at a profit”. There is some sense to this in some areas, but it has been taken to the extreme. And the result as Skippy says is that we are paying double and paying excessively for some services because they are being run for profit (with a keen eye to being privatized and sold off to the pollies's mates to make money from).
They haven't quite got around to privatizing the police and fire brigades … yet, but private schools, hospitals, electricity, water, roads, airports, prisons, communications … the list is ever expanding. Once these services are sold, it is nearly impossible to get them back in public hands as the leeches that buy them feel entitled to the extortive profits they can wring from captive markets.
For a good look at how this privatization can be abused, you only need to look at the American *health care* system works.
There are some things that governments shouldn't be allowed to privatize. I'm thankful that the Aus public pretty much kicked John Howard out when he went too far and we still have a semi functional health system, but it was not for lack of him trying to “Americanize” it.