Australian Politics Forum - A wealth Tax Should Be Introduced In Australia

thegreatdivide

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Re: A wealth Tax Should Be Introduced In Australia
Reply #255 - Feb 10^th, 2022 at 9:24am

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

Ok..but what is your opinion on REDUCING taxes, especially on the wealthy....as in the Coalition's stage 3 tax cuts (apparently supported by Labor) , which will cost the budget c $15 billion a year (iirc).

ACOSS is none too pleased about it....

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Frank

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Re: A wealth Tax Should Be Introduced In Australia
Reply #256 - Feb 10^th, 2022 at 9:33am

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

What they say: no new taxes!
What they do is ban something else : No Newt Axes!

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thegreatdivide

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Re: A wealth Tax Should Be Introduced In Australia
Reply #257 - Feb 10^th, 2022 at 10:19am

Frank wrote on Feb 10^th, 2022 at 9:33am:

What they say: no new taxes!
What they do is ban something else : No Newt Axes!

It's too easy to blame politicians for the dysfunctional economic system in which they are operating.

People want good public services.....which have to be paid for by government.

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freediver

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Re: A wealth Tax Should Be Introduced In Australia
Reply #258 - Feb 10^th, 2022 at 6:14pm

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

The GST has a strong basis in economic fundamentals and was intended to replace a lot of the taxes that don't. And in many cases did do away with other taxes.

A wealth tax is the opposite.

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Gnads

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Re: A wealth Tax Should Be Introduced In Australia
Reply #259 - Feb 10^th, 2022 at 6:21pm

freediver wrote on Feb 10^th, 2022 at 6:14pm:

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

The GST has a strong basis in economic fundamentals and was intended to replace a lot of the taxes that don't. And in many cases did do away with other taxes.

A wealth tax is the opposite.

And in most cases it did not.

It was supposed to get rid of sales tax, land tax, & certain other consumer taxes that ....

despite the GST allocation to states....

they hung onto those & are triple dipping.

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: A wealth Tax Should Be Introduced In Australia Reply #260 - Feb 11^th, 2022 at 2:20am Just a heads up everyone.... https://www.ozpolitic.com/forum/YaBB.pl?num=1617800791/146
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Jim Lahey Gold Member Offline Australian Politics Posts: 2447 Lisa's Merc Gender:	Re: A wealth Tax Should Be Introduced In Australia Reply #261 - Feb 11^th, 2022 at 5:31am Lisa Jones wrote on Feb 11^th, 2022 at 2:20am: Just a heads up everyone.... https://www.ozpolitic.com/forum/YaBB.pl?num=1617800791/146 Wealth tax might help pay your dole Larry
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Valkie

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Re: A wealth Tax Should Be Introduced In Australia
Reply #262 - Feb 11^th, 2022 at 6:37am

Gnads wrote on Feb 10^th, 2022 at 6:21pm:

freediver wrote on Feb 10^th, 2022 at 6:14pm:

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

The GST has a strong basis in economic fundamentals and was intended to replace a lot of the taxes that don't. And in many cases did do away with other taxes.

A wealth tax is the opposite.

And in most cases it did not.

It was supposed to get rid of sales tax, land tax, & certain other consumer taxes that ....

despite the GST allocation to states....

they hung onto those & are triple dipping.

Properly and fairly introduced a GST would do away with all the other taxes and simply have one simple and easily managed tax.

But howard the coward was never going to let go of alllllllll the taxes that they use to rob Australians.
In Fact more taxes have gradually crept into the system.
There was a statement that GST would never tax a tax, yet every time you fill up you are paying tax on a tax.

Grubberments lie, all the time, this is just another one.

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Karnal

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Re: A wealth Tax Should Be Introduced In Australia
Reply #263 - Feb 11^th, 2022 at 10:08am

freediver wrote on Feb 10^th, 2022 at 6:14pm:

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

The GST has a strong basis in economic fundamentals and was intended to replace a lot of the taxes that don't. And in many cases did do away with other taxes.

A wealth tax is the opposite.

A GST taxes everyone the same, a wealth tax spreads wealth around. That's the economic fundamental: a progressive taxation system. Tax those who can afford it.

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: A wealth Tax Should Be Introduced In Australia Reply #264 - Feb 11^th, 2022 at 10:27am Just a heads up everyone.... https://www.ozpolitic.com/forum/YaBB.pl?num=1617800791/146 [/quote] ^^^^ Re the Greatdivide multi troll id.
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Frank

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Re: A wealth Tax Should Be Introduced In Australia
Reply #265 - Feb 11^th, 2022 at 11:30am

thegreatdivide wrote on Feb 10^th, 2022 at 8:59am:

freediver wrote on Feb 9^th, 2022 at 8:39pm:

So all Chinese people currently have this right, but not all Australians?

A 'right' is empty rhetoric unless it is accessible by all.

The CCP has common prosperity as it guiding light, and has eradicated absolute poverty among 1.4 billion people in a mere 40 years, on the way to achieving a "prosperous socialist society in all respects" by 2035.

Whereas Oz, despite being a rich 1st world economy, has no such guiding principle, and is stuck with a dysfunctional "sink or swim" economy, which merely offers the crumbs of a 'welfare' safety-net for those who cannot compete in the free market economy.

Australia eradicated absolute poverty around the 1790s.

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 12573 Gender:	Re: A wealth Tax Should Be Introduced In Australia Reply #266 - Feb 11^th, 2022 at 1:43pm Frank wrote on Feb 11^th, 2022 at 11:30am: Australia eradicated absolute poverty around the 1790s. Of course. But owing to your vicious obsolete economic orthodoxy, in 10 years time there will be more relative poverty in Oz than in China.
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Lisa Jones

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Re: A wealth Tax Should Be Introduced In Australia
Reply #267 - Feb 11^th, 2022 at 1:46pm

thegreatdivide wrote on Feb 11^th, 2022 at 1:43pm:

Frank wrote on Feb 11^th, 2022 at 11:30am:

Australia eradicated absolute poverty around the 1790s.

Of course. But owing to your vicious obsolete economic orthodoxy, in 10 years time there will be more relative poverty in Oz than in China.

So you are predicting that Australia will have 350 million homeless people in 10 years time then.

That's how many are homeless in China right now.

I suggest you google faster!

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 12573 Gender:	Re: A wealth Tax Should Be Introduced In Australia Reply #268 - Feb 11^th, 2022 at 1:48pm Karnal wrote on Feb 11^th, 2022 at 10:08am: A GST taxes everyone the same, a wealth tax spreads wealth around. That's the economic fundamental: a progressive taxation system. Tax those who can afford it. Valkie's a 'survival of the fittest' RW nut-job, no need to spread the wealth around.
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Jim Lahey

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Re: A wealth Tax Should Be Introduced In Australia
Reply #269 - Feb 11^th, 2022 at 1:48pm

Karnal wrote on Feb 11^th, 2022 at 10:08am:

freediver wrote on Feb 10^th, 2022 at 6:14pm:

issuevoter wrote on Feb 10^th, 2022 at 9:03am:

No new taxes. The reason politicians introduce new taxes, is because they are pretty sure raising existing taxes will not win votes. So they come up with all kinds of convoluted justifications for their new tax. Just like GST.

The GST has a strong basis in economic fundamentals and was intended to replace a lot of the taxes that don't. And in many cases did do away with other taxes.

A wealth tax is the opposite.

A GST taxes everyone the same, a wealth tax spreads wealth around. That's the economic fundamental: a progressive taxation system. Tax those who can afford it.

Watch out Valkie might stab you if you say that...

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