yeh - like finacially supporting assylum seekers and paying them the dole from day 1 they land on Christmas Island, Ditto to the dole...
Agree that taxation on consumption is better than taxation on income though with the tangled web of cash inefficiently going every which way I think we should really look to scrap the lot and start again. No income tax, no GST, no Capital gains, no Inflation tax etc. etc. etc. Lets just go back to the start again with a Government just 5% of the size it is now and just Duties and Tariffs to fund it, just like when government was initially formed.
Well the IMF agrees about raising the GST. http://www.theaustralian.com.au/bus...ick-greiner-call/story-e6frg926-1226511053817
that is true. Swan talks absolute shit. Swan talks "get me elected at the next ballot'. That's all swan talks. Battlers my arse. "Working families" was a KRudd phrase, now he's stealing kruddspeak. Point to the rest of Australia: "All Qlders are liars, never trust a Qlder." Thanks Jules, another depressing post :lol:
I love buying new stuff - after 3 months of illness - I have a great time buying online - need it or not!! I do work for a few small business clients as a bookkeeper and each client never has their GST money set aside, nor their PAYG for that matter. Every one says - "where was the profit I made from that - cos I don't have it" (interest payments, drawings etc make up the profit usually). A review of the GST must include helping small business set the GST payment aside somehow - my clients often have ATO arrangements to help pay it off. I read somewhere that there is a system in the UK for their VAT where the GST is collected on each sale so that the business owner doesn't have to worry about setting aside their VAT - and their purchases are offset against their sales on an ongoing basis. Anyone know if this is correct? - seems like a good idea. The ATO stats on short payment of GST are not good. Cathy
Pick an idiot, ANY idiot! Red or Blue, doesn't matter!!! [youtube]http://www.youtube.com/watch?v=W5W4wULmv9c[/youtube] [youtube]http://www.youtube.com/watch?v=soaPhHKX2Oo[/youtube]
Sleeping tax = property tax. Rates, cap gains, stamp duty, inflationary policy, etc. Next is the entertainment tax... Part of the NBN maybe?
how does increasing taxes increase economic growth? thats just silly. hows about increasing economic growth so that taxes naturally increase alongside it?
GDP = C + I + G + (X - M) If they (the "G" in the formula) got more they can spend their way to GDP growth. Scary isn't it?
I disagree. Income tax is theft. No argument from me, I have no say in whether my income is taxed, I am coerced into paying tax. The more productive I am, the more that is stolen from me to be redistributed to those who are less productive. Yes, income tax is a sham. As far as GST goes, for the reasons I have outlined it is a far fairer system. If I choose to spend, I choose to pay tax. No one is coercing me into spending, therefore no one is coercing me into paying tax. It's a pathetically fine line I know, and if I chose to not pay any tax under a GST-only regime it would probably mean my death as I would not be able to purchase goods so I'd die, but taxes are a necessity, they must be paid and in a utopian society they are for the benefit of all and a consumption tax is the fairest of all. So a GST is the only way to gather revenue for a government. Duties and tariffs as someone else has suggested are a ruse for protectionism, land tax is a socialist ploy to steal from the rich, as is any other tax that harms the capacity of individuals to improve their lot in life and accumulate wealth.
Is there an echo in the room? Righto Mt Economics Professor. Enlighten me. Edit to add. That was supposed to be "Mister", not "Mountain" :lol:
You ya dick , and I don't want to google any link. I want to hear it from you. How does a government pay for the provision of it's services?
