The Great Depression was created primarily by the concentration of our finite wealth in too few hands!

And we seem to be heading in his direction again around the world where oases of comparative wealth are surrounded by deserts of poverty and scarcity!

We hear every day where multi-millionaires and billionaires pay less tax as a percentile of their income, that others have essentially earned or provided for them, tha their employees!

And other instances of criminal tax avoidance by a few of the aforementioned. With the aid of governments in some instances?

Tax was invented to aid in the redistribution of our wealth. And we the people built things like power station and hydros, telephone companies, bank,s, insurance companies and a few airlines to mention a few that used to provide billions in additional income for a now cash strapped government thanks to fools who clearly didn't share a functional rational brain between them!?

This means we have no choice but to reform our tax system with still missing, actual tax reform as opposed to revenue surety merely masquerading as reform?

My selection would be a 15% unavoidable flat tax and no tax write-offs etc. This would mean the business world would the pay an effective tax of 8% given former tax reconciliation and compliance costs could instead be returned to the bottom line.

Consider, the top tax paid in actual dollars to inland revenue during the year ending 2016-2017, was just 13% with some paying as little as 4% and a many as 40% paying o company tax at all?

Basically, all this avoidance etc. is costing the budget bottom line as much as 60 billion PA.

Other than that we need to de-privatise infrastructure and organisations (ours) that was sold without the people's expressed consent! (Effectively stolen for all practical purposes, I believe) No permission was sort via a referendum!

Or properly flagged leading into an election!?
Alan B.

Think when the top one per cent owned just 22% of the wealth, we were the third wealthiest nation on the planet and enjoying unprecedented prosperity a was the U. S. We had affordable housing and domiciles that could be supported with a single income. And where COE's salaries never exceeded 30 times that of the factory or shop floor!

Yes, the tax system has been reformed to redistribute our wealth but always in the wrong direction towards the leaners and parasitic drones in society, who to a generic man believe the world owes them a living and the rest of us were put here to deliver just that!

Time for a cool change!
Alan B.

Come off it Alan.

Tax was invented to fund a war, nor redistribution of anything.

It appears all this stuff is the politics of envy. These people simply want to get their hands on all the wealth so they can direct it's spending, & gather to themselves a little of it as they do.

Why you would expect ex world bank economists to do something to help the poor I really can't imagine.

With education today being so accessible, anyone with drive & ability can do what ever they want with their life.

Alan B.,
>The Great Depression was created primarily by the concentration of our finite wealth in too few hands!
Actually it was created primary y the US Federal Reserve attempting to reimplement the Real Bills Doctrine.

Your attempt to hit taxation from profit onto turnover would also be catastrophic for the economy.

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Hasbeen,
Why do you dismiss wealth redistribution as being about envy rather than a genuine attempt to improve people's quality of life?

Oh those 'evil' Jews with all the money eh Armchair?

Hasbeen, your view is one of the ideologically driven conservatives. Not everyone had the chance to get an education or indeed all that could come from that. I'd be surprised if you weren't one of those going to uni when it was free, courtesy of Gough Whitlam, the only good reform he did, in my view.

And I see where you have simply ignored the rest as usual and focused exclusively on the reasons for tax. which may have begun life as wartime funding but has since morphed into wealth redistribution and mostly all in the wrong direction.

Something that might be addressed by my proposed 15% flat tax the extreme right-wing also like.


Aiden. disagree that a flat tax on income is a turnover tax, one can have huge turnover but no actual profit in which case a tax on profit would not ensue! I get that you do not want the compliance costs o just die a natural death and return to the bottom line. And sound the death knell that is the money churn of tax compliance. CPA's ought to be doing something far more productive!

I'll thank you to stop misrepresenting my views which you clearly do not understand? Given your reinterpretation!
Alan B.