You're attacking me for providing info on erosion of the corporate tax base? Is this some privileged information that citizens of Australia should not be allowed to know? Sure, we can adopt company tax policies of countries like Singapore, but then will we also adopt their income tax policy too? This ranges from 0% to 20%
Bah !!! means nothing unless you supply the postcode .... different parts of any city perform differently .Never mind
That looks far superior to our current one. But it would still be easier to just get rid of it or replace it with a flat tax with no write offs.
"Currently" you do not own any RE outright and "Currently" I Do.......so in the event that "Either" of us found ourselves in the unfortunate position that we needed a pension, you have very generously stated that " I think anyone who owns a home (regardless of value) should have any welfare benefits received while alive garnished from the estate once they've passed (before the assets are distributed to beneficiaries). I don't think that's unreasonable, do you?" If you believe that my home should be garnished..............as you don't own a home that could be garnished, is it only property owners that should be garnished.......or what are you offering up for your repayment of "welfare benefits"....?
A. I'm not attacking you B. There's no "erosion" of corporate tax base. There's less theft by the Govt from those able to protect themselves.
I guess for the same reason that if I have $10 million in the bank I shouldn't be able to get welfare (should people with cash be disciminated against compared to people with houses?). If you can support yourself then the government shouldn't offer you welfare. However as long as the government offers you money you should take it haha.
I tried to do a little reading on "corporate sedentarism" and found out nothing, except your term is number 2 on google so I guess there's no real problem then?
http://www.adelaidenow.com.au/lifes...le-is-killing-us/story-fnizi7vf-1226700136745 http://mashable.com/2012/03/02/work-death-infographic/ http://www.biomedcentral.com/1471-2458/13/296
Money in the bank is fundamentally different to a principle place of residence, i.e., the home you live in. Your PPOR represents unrealised value (e.g. if sold, if subdivided, if knocked down and replaced with apartment blocks) but its not a liquid asset. If sold or passed on after you die then maybe a sliding scale of capital gains tax should be paid commensurate with the total pension received. But it should not disqualify you from the pension until its value is realised as cash.
Assuming that your multi million dollar home must be in Melbourne or Sydney I think you'll find that property is very liquid there. Instead of getting the pension and having the government take it out of your property after you die why not just get a reverse mortgage?
So you are talking about an increase in sedentary lifestyle. I thought it was lazy corporations influencing poilticians in order to increase profits. :lol:
What if the share market crashes? Why should they be forced to realise their losses instead of riding it out and living on the pension until the share market goes to da moooooon?
Correction. I meant the book "How an economy grows and why it doesn't" by Irwin Schiff Free PDF is available HERE (size = 4.9MB). I also have the one co-written with Peter Schiff but I didn't enjoy it anywhere near as much as Irwin's original.
If you notify the government of your million dollars saved in Gold I would commend you..........because none else on this site owns any Gold
