Yes taxes are way too high, and arguably to pay for all the welfare for the rich and their tax avoidance we now have to pay for!

Moreover, even though super subsidies/negative gearing/health insurance subsidies are not coming directly from the budget bottom line, they nonetheless impact negatively on it.

And government pensions for former politicians, are far too high, as are the salaries for folk polishing public leather!

Taxes are too high because the wealthiest folk and the multinationals avoid a fair share or a just a share!

The cost of living is way too high because we have the highest median house prices in the english speaking world, and a phenomena indubitably created by vacuous or self serving pollies! As indeed are unusually high energy prices.

Entirely unneeded essentially useless profit demanding Middle Men, effectively double the cost of living, and with it wage/price spirals, tax and welfare demands!

And a complex convoluted tax system imposes tax compliance costs averaging a 7% impost on the average bottom line, which by the way, we pay for as passed on cascading costs at the checkout or terminal, manifesting as a 30% premium!?

And of all the unaffordable luxuries we carry, pollies would be the most expensive, which include entirely unnecessary state parliaments/pollies who populate them; costing the tax paying community some 70 billions per; and before so much as a single service is ever rolled out!

All of which could be done for far less by enlarged councils/the federal government!

If all self serving blame shifting people, were doing the job we your employers pay you to do, I believe none of the above outlined problems would exist, and the tax we pay would like as not be no more than an unavoidable 5% of any individual wage, salary or income!?

And even then, with ALL AVOIDANCE effectively ended, add around another 100 billion to consolidated revenue! Or 170 billion, if we just eliminated all the OFFICIAL, wasteful practice; AND PLAYING BOTH ENDS AGAINST THE MIDDLE!
Rhrosty.

What about inflation? Why not count it - it is a tax on savings!

The government uses the RBA to enforce an inflation of 2-3% p.a., making the money it previously printed and paid with worth less. One cannot even get away by keeping their nest-egg in other currencies because the government would consider their uninflated value as a "gain" and tax it.

Yes Yutustu, And that is why a return to the inflation moderating gold standard anytime soon, would be rejected.

And indeed, inflation is a tool that allows the so called better off, to take more from the rest of us/concentrate more and more of our finite wealth in fewer and fewer hands.

Bracket creep simply boosts a very lazy (no really innovative ideas) government's revenue base, is not likely to be addressed either; and for similar reasons!?

Even so, an entirely unavoidable flat tax on expenditure as proposed, would eliminate bracket creep, leaving a government with their only recourse to grow the economy; as their sole means of growing government revenue!

And easily enough done by fully employing the multiplier factor, and wisely created internal credit, that is used solely to build income earning infrastructure, that becomes the assets that cancels the debt!

We do more or less that now, save we first create the assets with usually borrowed foreign money, before we represent the new assets with improved money supply.

All I would change is the order of increasing the money supply and then use the new assets we would build with this new money; to then represent the total money supply, and without accruing any external or foreign debt or interest service burdens, just internalized IOU's and admin costs; usually around 2.5%. All catered for by the fact that the new assets must earn enough to recover any real internalized costs!

Rapid rail and whole new towns built along parts of the line, on resumed and later resold rezoned land/brand new carbon free power stations coupled to micro grids that quite literally halve the cost of industrial energy!

All that needs to happen to make it all possible, is for the elite ruling class, to remove the ideological blinkers, which is all that prevents it!

Which would also serve to not just grow the economy but allow the enterprising many more opportunities to grow their own holdings and healthy competition; and, expenditure reliant tax/entirely unavoidable inland revenue! Now that's how you grow a tax base!
Rhrosty.

Just remember, inflation gets created as debt by the banking system and the real rate of inflation is a lot more than 3%.

World debt is approx at $200 trillion and World GDP = $70 trillion. The debt can never be repaid no matter how much they tax us.

Dear Arjay,

<<Just remember, inflation gets created as debt by the banking system and the real rate of inflation is a lot more than 3%.>>

If it were not for government involvement, then the solution would be simple: Don't like the banks? - then don't use their services.

However, when government enforces a policy of inflation, one practically cannot keep their hard-earned dollars at home (or in a safe), away from the banking system, because they would lose their value at a rate of 2-3% p.a.

As long as you hold the cash at home, or in an alternate form such as gold (which would not be taxed if/when you sell it without any real increase in shopping value), it matters not if the banks are allowed to fall, who owes whom and how much.

Yuyutsu' "Don't like the banks ,don't use their services" Our Govt no longer creates any money of its own. It has to borrow from private central banks and we get taxed to pay the banks.

Get your head out of the sand.