Bam wrote on Feb 21
st, 2014 at 7:30pm:
Pantheon wrote on Feb 21
st, 2014 at 4:13pm:
Bam wrote on Feb 21
st, 2014 at 3:14pm:
Increase the Medicare levy to the level needed to fund health properly.
Rising taxs or levys are never the answer to an financial problem, because your curing the symptom and not the actually cause of the problem.
Rubbish. Lowering taxes caused the budget shortfall, therefore increasing taxes fixes it. You have to be a rightard to fail to grasp this very simple concept.
The stupid right-wing ratcheting of taxes is insane, lower taxes then the reduced revenue causes budget problems, then use the budget problems as an excuse to take the chainsaw to budget measures the rightards don't like.
Costello and Swan both made the mistake of using temporary taxation revenue from mining to fund permanent changes to the taxation system and increased expenditure. The mining revenue isn't there. Remove the measures the mining revenue funded and it would go a long way to closing the deficit.
The budget haemorrhages revenue with all sorts of unwarranted tax concessions. Negative gearing, concessional taxation on capital gains, FBT lurks, etc. Axe these as well and the budget would be in surplus.
Once again your fixing the symptom and not the actually cause of the problem. All your doing by rising taxes is reducing the peoples spendable income to pay for unsustainable system that will require another tax rise in another few years, and by reduced spendable income year after year, you harm the economy.
The people want lest taxes so we can spend more.. we don't want to be taxed more so we can spend less.
Now yes, Lowering taxes caused the budget shortfall. So what do you do? you make the sustainable so it wont require you rising taxes every few years, taking peoples hard earn money reducing their spendable income overall.
Now how do you make the system sustainable? that's for Labor and Liberals to stuff up on, and for the egg heads at universities to education us with real answers.