All very well old boy , but that would be political suiside.
Now give us some practical solutions.

I agree with Pericles and to a certain extent with Peter H. However, I would add that I get sick and tired of people who feel that they have an entitlement to all these government hand-outs......"I have paid all my taxes therefore the government should provide" attitude.

We have been conned into living on credit by listening to all those commercials extolling the virtues of "buy now pay later" and thus mortgaging our future and those of our children, all for the sake of that shiny new car or plasma TV. People and countries should learn to live within their means rather than make short term decisions, such as politicians do to buy the vote of the non-thinking public who usually think that someone else will pick up the tab.

Stimulus provided by the government is only piling more debt onto existing debt with borrowed money. How does that provide a long term solution when it all has to be paid back plus the interest with our taxes ? All it will eventually do is debase the currency as is being experienced in many other countries.

""" All very well old boy , but that would be political suicide. """

That's the problem isn't it?

The very ones that created this problem will never sacrifice their good fortune to improve the situation for the majority. They'll just keeping doing what they do best and that is take, take, take!

Now, who is John Galt?

Well said Peter Hume, love your work dude, strait to the point, but it will just wash off all the parasites in this world, and they're the majority now unfortunately.

some-interesting points
but the big...point..that could easilly reverse/things

is dumping all taxes
and putting in a one percent transaction tax..
on every transaction....

thats..[got-to be].. better than 30/50 percent of wages
or 10 percent on goods services

trouble is the big money movers/
dont like paying their fair share of tax

if you can afford to spend-it
you can afford one percent..to pay your fair share of tax

the other...easy/cure
is govt to take back the mint/federal reserve/monetry system
currently owned./run by bankers

THE REASON govt needs your taxes..is because..it neds TO BORROW
its own money..from the fed reserve bank...AT INTREST[with ursury]

thus needs ever new taxes..to simply pay of intrest
and sell off...public resources[telstra/comm-wealth/bank...rail..etc..to pay-BACK..principle

govt..in the good old days..simply issued money..as needed

[the extra/value..of the new asset
more than off-sets...the extra monetory supply/spike...

[see once..it goes back to the fed..its paid back..[no intrest]

but babkers love govt begging thenm for money
govt actually gives them a bond,,,that they onsell[getting back the money]
but then still get intrest,,from our taxes
its little known...all tax goes to the fed reserve/govt account

cause govt dont do banking/no more

cause bankers stole..the whole systyem
they/banbkers..say print more/less..and the mint does it

worse..our money...legally was pure gold/pure/silver
and the bankers/runnung the fed reserve..stole that too...!

leased-it perpetually..to the other bankers
who sold-it into the market..for cash..they banked into the fed

see CURRENTLY..every penny of money
needs* to be...loaned*..into egsistance
ie neds to repay..more...than can be created/by lending

thus annually many lender need top default
simply so others have their cash to pay the intrest
henmce/the boom/bust../inflation cycle..and bankers running things

regardless of who we vote-in/to govt
they all are bound/by debt..to bankers

whitlam and/jfk...were the last..to try to stop it
and we saw..what hapend to them

579 said:
""" All very well old boy , but that would be political suicide. """

Yes and it is the point. If you think something like business as usual
will be viable over the next ten years then you are in for a shock,

You will be considering whether the amount of fuel in your ration
justifies the insurance and maintenance of your car.
Even if you have an electric car you will be looking at the size of
your bill and wondering.

It is the impact of energy depletion and all that it implies that has
caused politicians world wide to treat it as a non subject.
Only two countries are acting on the prospect, Sweden and China.
China has been rushing around the world tying up long term contracts
for oil supply if they cannot buy the oil fields.
They are not doing that for fun !

Rehctub you wrote that of the people who work, 4.8 million pay less in taxes than they draw in benefits.

I have some questions for you.

1) From where did you get that figure?

2) Will you please provide a link, for verification?

3) Does your claim that 4.8 million people pay less in taxes than they draw in benefits include GST paid? If so, please provide a link for GST verification.