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The Forum > Article Comments > I live in a kleptocracy > Comments

I live in a kleptocracy : Comments

By John Tomlinson, published 1/6/2017

A major difference between here and the stereotypical kleptocracy is that corporate and vested interests rather than individual players proliferate in the Australian context.

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Its clear from the article that the writer has no clue about the organisations and taxation systems which he writes about.. this point "The conservatives have left untouched negative gearing and capital gains perks to housing investors, the family trust tax scams". Only the family home is capital gains tax exempt. Investment properties are subject to the tax. Neither side of politics would dare touch the family home exception for obvious reasons which have nothing to do with big business. The negative gearing perk is used by small investors mainly, not big business, and again neither side of politics dares touch it as its use is too wide spread - for shares as well as houses. Dr Tomlinson is so completely out of touch with the modern electorate that he thinks it is used by a few rich people. It isn't.

The gas prices paid to the gas majors is, I believe, the result of forward sales of the gas when the price was much lower. The suggestion that the gas majors would sell their output at a lower price out of spite, or through some clever transfer pricing agreement is so absurd as to be risible. Those big projects typically have their own tax agreements worked out well before hand and there is no suggestion that the ATO has given those companies a free pass. Dr Tomlinson attitudes are from a different era, but his lack of research is a matter of concern.
Posted by curmudgeonathome, Thursday, 1 June 2017 5:39:32 PM
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A kleptocracy is where a socialist government taxes everyone to death and spends the money on vanity projects.
Posted by Shadow Minister, Thursday, 1 June 2017 8:26:32 PM
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The rising kleptocracy is not just an Australian phenomenon. It's become standard practice throughout the western world and beyond. It's part of the cycle of history - the peasants make some feeble gains, society becomes a little bit more equal and then the rich (aka the status quo) fight back using the full force of their money, power and influence - and they win (for a while).

At present, we are in the closing stages of the latest winner-take-all cycle. The peasants are getting thoroughly fed up, but are still grappling with their Stockholm Syndrome brainwashng that the greed and lifestyles of the rich are the barometer of economic wellbeing.

Australia has not yet managed to find an equivalent of Bernie Sanders or Jeremy Corbyn. Our last peasant leader was Gough Whitlam, and we all know what happened to him. 
Posted by Killarney, Sunday, 4 June 2017 2:19:40 AM
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Yeah, Killarney, he was voted out of office.
Posted by LEGO, Wednesday, 7 June 2017 6:42:14 PM
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certainly obscene to see the massive salaries of some abc presenters who deliver not much more than propaganda. I don't really care what people who have earned their money do with it. When money comes from the public purse people should be held to account.
Posted by runner, Wednesday, 7 June 2017 6:53:34 PM
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