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The Forum > Article Comments > Nourishing all > Comments

Nourishing all : Comments

By Lin Hatfield Dodds, published 15/11/2013

Lifting tax as a share of GDP to at least the 23.7 per cent level of 2007, up from around 20 per cent in 2010-11, would better enable us to pay for what we value.

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Re: There is something very wrong with a system that taxes billionaires at half the rate of his/her employees!

That is the system! The employee gets paid in cash so there is no escape from income taxation. The Feds raise most of their cash by taxing the middle. The rich ( if they have any brains) will take their payment in kind and use it to generate even more wealth. The initial payment may be taxed but after that ? Who knows.

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You see, 70% of the economy is domestic, and relies therefore almost exclusively on discretionary spending!

Right on !

Raise levies, taxes and charges enough and even the rich will be worse off. Its only a matter of proportion. Interest rate control is the RBA's blunt instrument to do just that ; remove discretionary spending.

Re: Rest of the post.

Yes, one cannot help but agree as the evidence is all around ut to see.
Posted by Kilmouski, Saturday, 16 November 2013 10:25:00 AM
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Do get some balance in this Kilmouski.

PAYE tax barely covers the welfare bill.

Most of the money to run the country has to be found elsewhere.

Cut the welfare bill in half, & a lot less money is required. WE might actually have some discretionary spending of our own money, rather than have the likes of our author giving it to some bludger to spend.
Posted by Hasbeen, Saturday, 16 November 2013 7:08:08 PM
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Hello Hasbeen,

What, Get some balance? Me? Lol!

I get a very modest income and am resigned to paying taxes until the grave. And find the way the tax dollar is spent is somewhat erratic.

Kilmouski ( my Russian Blue cat ).
Posted by Kilmouski, Saturday, 16 November 2013 8:51:41 PM
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Hasbeen "Cut the welfare bill in half, & a lot less money is required."

You do realise that welfare payments are *spent*, the money doesn't just vanish into the ether.

If you cut welfare, you increase crime, as more desperate people take desperate measures to survive.

Any "savings" must then be spent on more police, legal aid, courts and prisons.

As mentioned by others, simplifying the tax system and removing loopholes is a better plan than raising rates.

And instead of cutting needed services, cut all the fluff.
All that public funding, donations, awards, etc given to NGOs.

Public money for public services.
Private entities should fund themselves.
Posted by Shockadelic, Saturday, 16 November 2013 9:58:31 PM
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Hay Shockadelic, I reckon there are more than a few entrepreneurs who could make convicted criminals pay for their own incarceration running chain gangs, if we had enough sense to sentence the criminals to hard labour, & issue them to road work gangs.

We have failed with all the academic mumbo jumbo & rehabilitation, time now to see how much the fear of real hard labour could lower the crime rate.
Posted by Hasbeen, Sunday, 17 November 2013 5:11:13 PM
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People are Australia's greatest asset.
Lin,
I gather you mean the ones who work to pay taxes rather than the ones who use up our tax dollars.
Posted by individual, Sunday, 17 November 2013 5:51:20 PM
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