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A wealth Tax Should Be Introduced In Australia (Read 11308 times)
Frank
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Re: A wealth Tax Should Be Introduced In Australia
Reply #165 - Jan 27th, 2022 at 8:29pm
 
thegreatdivide wrote on Jan 27th, 2022 at 8:11pm:
Valkie wrote on Jan 27th, 2022 at 7:49pm:
Ahh the idiot denigrates other posters.
 

 At least the sarcasm  shamed you into attempting to debate Smiley

Let's  have a look....

Quote:
If a wealth tax is introduced
Who do you think will pay it?


The wealthy.

Quote:
Honestly, are you so naive to think that the wealthy and multinationals will pay one cent?


The G7 got together recently to sort that out. Much more to do but it's a start. Which of course will please you no end.....(sarcasm again, couldn't help it...)

Quote:
What will happen is that middle to high income earners will end up paying more and more tax.


Nah ...Oxfam worked out there's an extra  $5 trillion to be taken from billionaire parasites who doubled their wealth while they were asleep during the pandemic.

Quote:
Already, every cent they earn is taxed at nearly 50%


The middle class? 
Yes well,  taxing the middle class IS a problem...

Quote:
Speaking as someone who has been through this shite already.
It kicks you in tge guts when half of your bonus is taken from you to give to the worthless.
It kicks you in the guts when half of any pay rise is taken from you to give to the terminally lazy.
You wages go up 25 to 40k, but in reality you only get 12 to 20 k extra.


Yes well, that's the result of the  current evil monetary system which guarantees unemployment, needing an expensive - but largely ineffective - safety net to avoid revolution in the streets. 

Quote:
And for all this additional tax, what do you get?
Nothing, not a damn thing.
We drive on the same roads, we walk the same streets, we are poorly governed by tge useless grubberment and we are poorly protected from criminals by corrupt police and even more corrupt judicial systems.


..and underlying all this is the current evil monetary system. If you want to understand why the TINA myth is wrong,     study MMT:

http://bilbo.economicoutlook.net/blog/?p=49100
(scroll down to the video)






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« Last Edit: Jan 27th, 2022 at 8:43pm by Frank »  

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freediver
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Re: A wealth Tax Should Be Introduced In Australia
Reply #166 - Jan 27th, 2022 at 9:59pm
 
thegreatdivide wrote on Jan 27th, 2022 at 8:11pm:
Quote:
If a wealth tax is introduced
Who do you think will pay it?


The wealthy.


When France last introduced a wealth tax, 60000 millionaires left the country, and the poor people it was supposed to help ended up worse off.

But the socialists were happy because they were more equal in their poverty.
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Karnal
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Re: A wealth Tax Should Be Introduced In Australia
Reply #167 - Jan 28th, 2022 at 7:38am
 
freediver wrote on Jan 27th, 2022 at 6:50pm:
Quote:
$300 a week is not enough to make people complacent, and people don't work merely for money anyway.


Would you like fries with that? Thanks for making my life complete.

Quote:
$300 a week is not enough to make people complacent, and people don't work merely for money anyway. We need to be honest about how the economy works - unemployment is not about bludging, but structural problems, as covid has shown. Tory governments around the world were able to sell jobkeeper payments during covid, we could be honest about the future of work and sell a UBI this way. The rabid right were able to accept this.


You are trying to solve a problem that does not exist yet, and may never exist. People have been predicting this for centuries, every time a new machine reduces the need for human labour. But instead of ending paid jobs, we are busier than ever, building, selling and maintaining machines, doing far more interesting and satisfying jobs, with most women now in the workforce also.


True.

Quote:
A far bigger problem is the disappearance of a lot of the unpaid labour that used to make our society function.


Mothers, fathers and carers haven't disappeared, dear.
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Frank
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Re: A wealth Tax Should Be Introduced In Australia
Reply #168 - Jan 28th, 2022 at 7:50am
 
Filling jobs with Australians goes into too-hard basket
JUDITH SLOAN

That there are large numbers of people on JobSeeker – about 200,000 – who took up welfare payments during the pandemic but remain without employment suggests there is a potential source of labour that could be tapped.

For some people, the net advantages of not working (including the payment of a slightly higher JobSeeker and other top-ups) are greater than the net advantages of working. This creates a dilemma for the government because the employability of these welfare recipients declines the longer their duration of joblessness.
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Lisa Jones
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Re: A wealth Tax Should Be Introduced In Australia
Reply #169 - Jan 28th, 2022 at 8:52am
 
thegreatdivide wrote on Jan 27th, 2022 at 2:17pm:
Lisa Jones wrote on Jan 27th, 2022 at 2:06pm:
I disagree with just about everything you post. Why? You're seriously ignorant and/or you talk utter cr@p.

That's also why I don't bother responding to you much.


That's Franks' position; the ignorant claiming the right not to debate.

Hint: this is a debating forum, if you can't defend your position, you are about as useful as an astray on a motorbike.

Gawd....talk about Hillary's 'deplorables', you join that 'elite' group of no-hopers, and yet want to be taken seriously...



You clearly don't get Frank's position then. Or mine for that matter.

I don't need to defend myself or my position when it comes to reading your ill informed and uneducated quickly googled rubbish.

I much prefer to liaise with people who are not like you. Such people know what they're talking about. And I find that they have a lot of life experience AND qualifications to back up the knowledge they impart.

You just talk sh1t all the time. I'm embarrassed just reading your stuff now.


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If I let myself be bought then I am no longer free.

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Lisa Jones
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Re: A wealth Tax Should Be Introduced In Australia
Reply #170 - Jan 28th, 2022 at 8:55am
 
Frank wrote on Jan 26th, 2022 at 8:36pm:
Why are there so many billionnaires in 'socialist' China?



Exactly.

Amazing how no one bothered to address this freaking obvious elephant in the room.

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If I let myself be bought then I am no longer free.

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Lisa Jones
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Re: A wealth Tax Should Be Introduced In Australia
Reply #171 - Jan 28th, 2022 at 9:00am
 
thegreatdivide wrote on Jan 27th, 2022 at 8:11pm:
Quote:
If a wealth tax is introduced
Who do you think will pay it?


The wealthy.



Dear God!

This 2 word reply clearly shows you have absolutely no idea WTF you're talking about.

Look I have to ask? Are you on school holidays by any chance?

You remind me of my own kids....back when they were in Yr 7 and had trouble blowing their nose.







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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
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Valkie
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Re: A wealth Tax Should Be Introduced In Australia
Reply #172 - Jan 28th, 2022 at 10:12am
 
Frank wrote on Jan 28th, 2022 at 7:50am:
Filling jobs with Australians goes into too-hard basket
JUDITH SLOAN

That there are large numbers of people on JobSeeker – about 200,000 – who took up welfare payments during the pandemic but remain without employment suggests there is a potential source of labour that could be tapped.

For some people, the net advantages of not working (including the payment of a slightly higher JobSeeker and other top-ups) are greater than the net advantages of working. This creates a dilemma for the government because the employability of these welfare recipients declines the longer their duration of joblessness.


I lost a particularly good employee a few years ago.
He was sorry he was leaving, saying he enjoyed his work and the people he worked for.

The problem was this.
His pay, while being above award,  worked out to be less than his disposable income on welfare.

With 4 children, one being disabled.
His aboriginal links (great grandfather apparently)
And the cost of fuel to get to and from work.
It was some ways short of welfare, plus he could more easily get welfare housing that he couldnt get working.

This is the face of uncontrolled welfare in Australia.
And this is why working people pay more tax than they should.

The rich will never pay more than they can afford.
One business owner i worked for years ago, told me tgat he employed an accountant full time to find ways to minimise his tax.
He said it was cheaper to pay $180,000.00 @ year for this accountant than to pay 10 times that in "avoidable" taxes.

Remember mr Alan Bond
Tge multimillionaire?

He often boasted tgat he only paid tax on $25,000.00 a year.

Then there is the Qantas pooftah.
Didnt pay a cent in tax for years,  still looking for an out from what I hear.

Multinationals ship profits off shore.
For example,
Our high quality coal is sold for a fraction of what we got for it 20 years ago.
Why?
Because the owners do deals with themselves to buy it cheap.
Then, while on the ship to its final destination, it triples in value so that landed its worth several times what they bought it for in Australia.
They only pay tax on what they bought it for.
They get a tax break for expenses mining it.
And they pocket billions.

And this is only a couple of examples.
It wont change as long as we have corrupt public servants, corrupt multinationals and corrupt politicians.
In other words, it will never change.
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #173 - Jan 28th, 2022 at 12:46pm
 
Frank wrote on Jan 27th, 2022 at 8:29pm:




...sings: "ALWAYS LOOK ON THE BRIGHT SIDE OF LIFE"......

Ah...the comfortable, conservative, 'I'm alright, Jack', indifference to entrenched poverty seen on the Right.

A Python skit is not debate, Frank.
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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #174 - Jan 28th, 2022 at 12:52pm
 
freediver wrote on Jan 27th, 2022 at 9:59pm:
When France last introduced a wealth tax, 60000 millionaires left the country, and the poor people it was supposed to help ended up worse off.

But the socialists were happy because they were more equal in their poverty.


You really should read the post you are replying to.

The G7 is dealing with the issue of international tax shifting for the 1st time in history.
Wow...international co-operation, to deal with the private greed of tax-avoiding billionaires. 
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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #175 - Jan 28th, 2022 at 1:17pm
 
Frank wrote on Jan 28th, 2022 at 7:50am:
Filling jobs with Australians goes into too-hard basket
JUDITH SLOAN


Oh no, Judith Sloan, evil monetarist economist par excellence... she came on Q&A and said "the world doesn't owe anyone a living"....[ ok,  that's an ad hominem, so let's she whats she says]:

Quote:
That there are large numbers of people on JobSeeker – about 200,000 – who took up welfare payments during the pandemic but remain without employment suggests there is a potential source of labour that could be tapped.


So far, so good.

Quote:
For some people, the net advantages of not working (including the payment of a slightly higher JobSeeker and other top-ups) are greater than the net advantages of working.


Ah, she's back to form, didn't take long: anyone for a job in an abattoir? What exactly are these jobs on offer? A gig economy job?

Quote:
This creates a dilemma for the government because the employability of these welfare recipients declines the longer their duration of joblessness.


Yes but the  way to avoid that is to ensure no-one remains long-term unemployed.....by matching people AND training them if necessary, to the available jobs;  and since the private sector never employs everyone, creating new jobs that people want done but which  the private sector is not interested in providing.

Sloan of course is just another evil mainstream economist - who is actually a micro-, not a macro-economist, who blames unemployment on the unemployed. Sheer evil.

The solution is a Job Guarantee.

https://pavlina-tcherneva.net/the-case-for-a-job-guarantee/

One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy**. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false.

**The underlined is a reference to mainstream orthodoxy's concept of NAIRU, which posits unemployment to control inflation.
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« Last Edit: Jan 28th, 2022 at 1:27pm by thegreatdivide »  
 
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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #176 - Jan 28th, 2022 at 1:41pm
 
Lisa Jones wrote on Jan 28th, 2022 at 8:52am:
You clearly don't get Frank's position then. Or mine for that matter.


As you can see in this thread, I reply line by line to all debaters, unlike you who just pop in now and again to spout your delusional survival of the fittest ideology, and then run away from the debate
Note: if you want to be understood, you continue the debate, or concede....

Quote:
I don't need to defend myself or my position when it comes to reading your ill informed and uneducated quickly googled rubbish.


Addressed above. 

Quote:
I much prefer to liaise with people who are not like you.
That's fine.


Quote:
Such people know what they're talking about. And I find that they have a lot of life experience AND qualifications to back up the knowledge they impart.


Hmm...Tcherneva versus Sloan? (But I doubt you are even following the debate).

Quote:
You just talk sh1t all the time. I'm embarrassed just reading your stuff now.


But you obviously don't read it.

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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #177 - Jan 28th, 2022 at 2:00pm
 
Lisa Jones wrote on Jan 28th, 2022 at 8:55am:
Frank wrote on Jan 26th, 2022 at 8:36pm:
Why are there so many billionnaires in 'socialist' China?



Exactly.

Amazing how no one bothered to address this freaking obvious elephant in the room.


I answered it yesterday...but you obviously didn't bother to read it. To repeat:

Deng's 1980's introduction  of some private enterprise, free market principles into China's  command  economy enabled  some to get very rich (as is always the case in capitalism), with  the economy growing at 10% for 3 decades, hence the 500 or so billionaires in China today.

BUT....the CCP still subsidizes SOEs - a 'socialist' program -  which upsets Trump so much.

And so we have the fastest increase in living standards of any large nation in history; as one commentator on the ABC TV  show 'The China Century' said: "when capitalism and communism combine, WOW!!".

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thegreatdivide
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Re: A wealth Tax Should Be Introduced In Australia
Reply #178 - Jan 28th, 2022 at 2:11pm
 
Lisa Jones wrote on Jan 28th, 2022 at 9:00am:
Dear God! This 2 word reply clearly shows you have absolutely no idea WTF you're talking about.


See... you are merely proving you are not following the debate; in this case with Valkie, who had to be shamed into defending his stuff  (unsuccessfully, as always).   

So if you don't have time to read the debate, at least refrain from making ill-informed comments like yours above.

Quote:
Look I have to ask? Are you on school holidays by any chance?

You remind me of my own kids....back when they were in Yr 7 and had trouble blowing their nose.


On holidays... and loving  demolishing the conservative ideology in all its delusional forms.....








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« Last Edit: Jan 29th, 2022 at 11:36am by thegreatdivide »  
 
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Re: A wealth Tax Should Be Introduced In Australia
Reply #179 - Jan 28th, 2022 at 2:35pm
 
Valkie wrote on Jan 28th, 2022 at 10:12am:
I lost a particularly good employee a few years ago.
He was sorry he was leaving, saying he enjoyed his work and the people he worked for.

The problem was this.
His pay, while being above award,  worked out to be less than his disposable income on welfare.


So... doesn't this suggest something is horribly wrong with pay scales compared with the cost of living?  ie, we have systems problem?   

[I have commented on this many times, you prefer to blame the victims of our dysfunctional system, rather than the dysfunctional system itself]

Quote:
With 4 children, one being disabled.
His aboriginal links (great grandfather apparently)
And the cost of fuel to get to and from work.
It was some ways short of welfare, plus he could more easily get welfare housing that he couldnt get working.

This is the face of uncontrolled welfare in Australia.
And this is why working people pay more tax than they should.


Yes I addressed all this yesterday, which you ignored: I say you deserve the economic  system you accept.

Quote:
The rich will never pay more than they can afford.


Meanwhile  parasite  billionaires  should hand over $5 trillion in loot gained while they were asleep in the pandemic, so that governments can at least afford to avoid nursing home residents lying in their own faeces...


Quote:
One business owner i worked for years ago, told me tgat he employed an accountant full time to find ways to minimise his tax.
He said it was cheaper to pay $180,000.00 @ year for this accountant than to pay 10 times that in "avoidable" taxes.

Remember mr Alan Bond
Tge multimillionaire?

He often boasted tgat he only paid tax on $25,000.00 a year.

Then there is the Qantas pooftah.
Didnt pay a cent in tax for years,  still looking for an out from what I hear.

Multinationals ship profits off shore.
For example,
Our high quality coal is sold for a fraction of what we got for it 20 years ago.
Why?
Because the owners do deals with themselves to buy it cheap.
Then, while on the ship to its final destination, it triples in value so that landed its worth several times what they bought it for in Australia.
They only pay tax on what they bought it for.
They get a tax break for expenses mining it.
And they pocket billions.

And this is only a couple of examples.
It wont change as long as we have corrupt public servants, corrupt multinationals and corrupt politicians.
In other words, it will never change.


You have failed to identify the true villains, namely, the private financier of the current evil monetary system , who demand  that sovereign currency-issuing governments must tax or borrow from private citizens, in order to spend.

Hopefully the extended pandemic, or maybe a CO2 climate emergency, will bring the whole stinking edifice - of the current evil system - crashing down.




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