Does that mean we need a free market for the collection of taxes? Perhaps opt-in taxes for various services, rather than a common pool of taxation.
RBA pays fed govt $669 million dividend "The Reserve Bank of Australia will pay a $669 million dividend to the federal government, after recording a profit of $3.8 billion in the last financial year. The Reserve Bank of Australia will pay the federal government a dividend of $669 million for 2017/18, after the depreciating Aussie dollar helped the bank rake in more cash on its foreign assets. The RBA recorded a profit of $3.8 billion in the last financial year, but almost $3.2 billion has been put towards unrealised gains on assets. The central bank's latest dividend is down from $1.3 billion in 2016/17." https://www.news.com.au/national/br...d/news-story/8086b2c7774723e9141b037a1ee7b9c9 The federal government (in lower case letters) gets a dividend from the RBA ....
Westpac mortgage tracker shows loan ‘fraud’ AN INTERNAL tracker document allegedly shows how Westpac staff committed “fraud” on an elderly couple. “This is how the banks do fraud,” Mr David said. “(The tracker) is a basic timestamp style, it shows who touched what, and all of the employees on that list I believe are still working at Westpac.” He likened Westpac to a “chop shop”. “You know how they get all the stolen cars, cut them up into pieces and put them back together?” he said. “That’s why you have so many borrowers getting loans they can’t afford.” https://www.news.com.au/finance/bus...d/news-story/fcacf1512caeccb39cd04a446e03ca3b White collar crime is not complicated ... fraud is the most common crime in the community ... and the police could and should get involved instead of turning a blind eye to it ... maybe the dividend the government gets from the RBA has something to do with it ...
