John Smith wrote on Oct 1^st, 2024 at 1:20pm:


Not even a tax. A levy on ratepayers that funds garbage collection and local council services.

Cunning, no?

Mort's trying to pretend a corporate tax on assets is designed to tax the family home.

Aquascoot's trying to pretend the feds tax homeowners.

Both are trying to pretend presidents have anything to do with tax at all. Taxation is legislated by Congress. You can understand Aquascoot getting that one wrong, but Mort?

All those Ethics classes in school seem to have fallen on deaf ears. Who knows?

Maybe Mort was sick when they covered the American Revolution: no taxation without representation.

And maybe Aquascoot thinks his bills from the Moreton Bay Council are sent out by the socialists down in Canberra.

Marla wrote on Oct 1^st, 2024 at 12:17am:


Dunning–Kruger once again raises its head.

Quote:


Since there is no federal property tax kameltoe has to find a new way to raise revenue over the equity homes build over time. You're just using weasel words to try to change the argument. $200 million has nothing to do with the value of a families home. $200 million is a distraction, that is how it starts but it doesn't stop there. Everything will be subject to an unrealized capital gain if it can get through the Congress. You want the government to tax someone else so you can get the benefits from it, I understand. I'm already among those who pay so others can get an undeserved free ride at our expense. I oppose an unrealized capital gains tax on anyone at anytime. The democrats will always find more creative ways to take more of the income of the people.

Mortdooley wrote on Oct 2^nd, 2024 at 7:48pm:



no need to cry just because you've been spanked

John Smith wrote on Oct 3^rd, 2024 at 12:35pm:


Arab proverb, once you allow a camel to stick its nose under your tent, the camel is bound to end up inside. Thus, a seemingly minor decision will have much wider, undesirable consequences.


I know you don't understand because the current proposal doesn't effect the average person yet and anyway the rich have too much money and need to be punished for it. We hear over and over the rich need to pay their fair share, it seems their fair share is all of it. No matter what it is. Price control, rent control, taxing equity, raising taxes on production. Taxing money that has already been taxed. You just don't see the pattern here, the government needs to spend less, not tax more.

Some time ago I read the autobiography of J Paul Getty and this reminds me of his chapter on people asking for money. "Mr. Getty you have so much and it wouldn't hurt you to send me ten thousand dollars and it would make such a difference in my life." If you guessed he didn't send any money you would be right. Our government isn't much different than that opportunist, it seems to think we are Getty.


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Mortdooley wrote on Oct 4^th, 2024 at 9:17pm:


That's the conspiritard's go-to, dear.

Okay, so I may have made it all up, but we'll have to wait and see what happens.

It may not happen overnight but it will happen, no?

Baronvonrort wrote on Sep 27^th, 2024 at 6:17pm:


Re government spending: the acceptable minimum is ensuring universal access to good housing, education (including healthy living basics), and above-poverty employment.

Obviously,  in a resource-rich nation, to avoid the devastating consequences of welfare dependency and entrenched (generational) socio-economic disadvanatge. 

As to how much taxation, and who pays to fund  government spending: in order to avoid the endless political bunfight, here's an alternative:

https://findingmoneyfilm.com/

FINDING THE MONEY follows economist Stephanie Kelton on a journey through Modern Money Theory or “MMT”. Kelton provocatively asserts the National Debt Clock that ticks ominously upwards in New York City is not actually a debt for us taxpayers at all, nor a burden for our grandchildren to pay back. Instead, Kelton describes the national debt as simply a historical record of the number of dollars created by the US federal government currently being held in pockets, as assets, by the rest of us.

MMT bursts into the media with journalists asking, “Have we been thinking about how the government spends money, all wrong?” But top economists from across the political spectrum condemn the theory as “voodoo economics”, “crazy” and “a crackpot theory”.

FINDING THE MONEY traces the conflict all the way back to the story we tell about money, injecting new hope and empowering countries around the world to tackle the biggest challenges of the 21st century: from climate change to inequality.

No "commies" required,  just morality, justice and fairness.