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The Forum > Article Comments > Can we build a great Australia with taxes that are fair and just? > Comments

Can we build a great Australia with taxes that are fair and just? : Comments

By Everald Compton, published 4/11/2011

Negative gearing, superannuation and stamp duty are three tax issues that need to be addressed.

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I'd like to see one additional tax, at least. Call it a wealth tax, death duty or probate. Call it anything, but there are very few sensible arguments for frictionless transfer of wealth between generations and very strong social reasons to re-introduce a tax in this area.

The answer to your question "Can we build a great Australia with taxes that are fair and just" is "Yes."

The converse is also true. A great Australia needs also to be founded on a tax system which has fewer unfair and unjust taxes, as you have indicated.

We elect politicians to sort this stuff out, then when the Henry Report hits the deck, politicians from the right of the Speaker rush to avoid implementation of all but a handfull of over 100 recommendations, while those from the Speaker's left ignore it entirely. We need our politicians to spend more time on enacting good legislation and much less on image management. Vision, agenda and backbone are in short supply, it seems.
Posted by JohnBennetts, Friday, 4 November 2011 9:50:19 AM
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Everald Compton

The incumbent president of the US of America during his election campaign got in the habit of saying “Yes we can” and soon will go, having found out that ‘he cant’.

Of dreamers I have known many and the ones of them who are still alive continue to dream.

When I migrated to Australia in the sixties I saw many doers.

In your posts to this publication I picked two points.

The first is where you say that most of the doing in this country came to halt when Chiefly went.

The second is when you mentioned that a Lawyer accused you of “trying to take the bread and butter business away from the legal and accounting profession”.

I knew little English when I landed here, yet I was able to fill my tax return. Now I can write to you in a hopefully clear manner but I have to go to an accountant to have my tax form fixed and to a lawyer to make my will.

The gist of my reply to all your posts Sir is that your “I reckon we can!” may be a dream.
Posted by skeptic, Friday, 4 November 2011 9:52:50 AM
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Any new taxation system needs to comply with one of the basic principles of Australian democracy:

"No taxation with or without representation, with any deficiency in government finances being made up from the sale of politicians' assets"
Posted by plerdsus, Friday, 4 November 2011 3:21:53 PM
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We don't have to increase taxes.Just eliminate the fractional reserve system of banking and taxes can be reduced by $ 9000 for every worker.
Posted by Arjay, Friday, 4 November 2011 4:26:15 PM
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Sory Arjay - are you proposing that banks must hold ALL their money in cash reserves or that no percentage of reserve must be kept.
Also, how would this cut tax?
Posted by J S Mill, Friday, 4 November 2011 5:38:09 PM
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Jake's faith is unbelieveable. How accurate these men who replicated life on earth 4 billion years ago. Talk about swallowing a load of codswallop. Any fairytale to avoid the fact that one day you will be held accountable to your Maker.To think this nonsense is taught in part to kids in schools. No wonder we are where we are.
Posted by runner, Friday, 4 November 2011 6:54:16 PM
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