Al B

But just maybe, the extra taxes could build new hospitals which directly benefit all society across the board, even the wealthy.

Also, the extra taxes would possibly bring your dream of fast trains closer to reality.
And of course, the main beneficiaries of fast trains are the wealthy!

We don't need extra taxes! Just make evasion and avoidance by all comers, a thing of the past. And create a system that has no loopholes nor reductions for this or that outlay.

Which means the tax rate can be set at 15% which is 2% more than any company currently pays and about 15% more than most multinational companies like google pay.

Which if collected via an unavoidable transaction tax, would add more than 64 billion to the annual tax budget. Which if used first and foremost to build a very rapid rail system would create a huge economy the like of which this country has never seen.

Add MSR thorium and MSR nuclear waste burners, burning waste we are paid annual millions to take. Will create for us the economy with the lowest energy cost by miles anywhere in the world and oblige most of the high-tech manufacturers to relocate to this country along with their profits and tax liabilities.

And in the bargain triple or quadruple the size of our economy as an exporter of surplus energy.

Simple Simion thinks all is required is more productivity killing taxes and bigger dole payments for, wouldn't work in an iron lung, drones.

All that has ever achieved is higher levels of evasion and avoidance and an ever larger and costly compliance bureaucracy.

If tax is not too costly a burden on your business, there's no compulsion to avoid, particularly if the cost of avoidance is higher than the total tax and compliance costs, take!
Alan B.

Fast trains do not exclusively benefit the wealthy, but are a boon to workers, commuters and intending homeowners.

[One notes that some of the old steam trains were capable of speeds exceeding 200 klms per hour!]

All that's required with the rollout of very fast electric trains is the rezoning laws to be removed from councils and onto an independent and pragmatic body.

[They cannot be slower than the old fast steam trains!]

Most of the new high-tech companies that would come to these shores with the advent of the world's cheapest energy would be largely automated and roll day and night with few human hands involved.

My preferred tax laws root and branch reforms would also bring a flood tide of self-funded retirees and thousands more low skill workers jobs.

So, solving multiple issues with rational economic pragmatism and rational logical progressive steps!

It's a package that cannot be cherry picked, but, rolled out with a non-negotiable timetable by the government of the day.

Done as envisaged, the current debt and deficit will solve itself via economic growth that leaves none behind!
Alan B.

Won’t work Al b first there would need to be Politicians with vision. We all of us know how far that horse is from the starting gate.

Second, the country is so far down the gurgler from lack of vision, I think far thinking innovations are beyond salvation.

Maybe if Danial Andrews were to make it to Canberra, Australia could hedge its bets with Chinese know how, engineering expertise and investment from its belt and road initiatives, before the country is converted into a U.S. military mega munitions fortress which will kill any possibility of the benefits of competition.

For any hope of progress we need to be playing off one against the other, not backing the only nag in sight!