The Forum > Article Comments > Wages and penalties > Comments
Wages and penalties : Comments
By David Leyonhjelm, published 26/4/2017The Australian credo of giving everyone a fair go might apply to those who have a job, but it certainly isn't being applied to those who don't.
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That said, the best way out of poverty is via meaningful well rewarded work, and full employment! And that requires bold, imaginative, (AWOL) leadership and a very different expansive economic paradigm!
Which could unleash our full potential to grow and prosper, in a way without precedent!
Couple the world's safest, cleanest, cheapest publically owned and operated energy provision (molten salt thorium) to new space age desal (four times less expensive than traditional desal, with 95% returned as potable water) and we have a drought proof economy and quite massive growth in the next boom the food boom!
[And if you can find just one example where energy privatization has resulted in lower power prices, instead of a price gouged captive market, please feel free to elaborate on the benefits of privatisation, with irrefutable evidence!]
How could we pay for this I hear you ask?
Well we do have a two trillion dollar super fund! But don't have/never had, thirty year, government guaranteed, self terminating thirty year bonds, popular almost everywhere else!
And if we did, we could offset comparatively low returns by giving the income/return a tax free status, even if a person/entity bought billions!
Finally we need real and long overdue tax reform as a SINGLE STAND ALONE unavoidable flat tax of 15% for everyone, with an income above $50,000?
Meaning, all tax compliance costs would become null and void, as would fuel excise and the ubiquitous GST, which would mean the average 7% ripped from the bottom line could be returned (not taken) meaning, the effective company tax rate would be just 8%?
Except where the income was derived from said (tax free) thirty year, self terminating bonds!
Instead of trying to workout how to rip the unemployed or the long suffering taxpayer off, why don't you become a powerful advocate for change we can all believe in AND QUITE MASSIVELY BENEFIT FROM!? Rather than a privileged few!?
Alan B.