SOG;The revolution has begun.Awareness via the internet is growing.700 arrested in Wall St for protesting.When the police and military realise who the real criminals are,it will be check mate.

RON PAUL FOR PRESIDENT 2012!!

Dudley, the GST is not a transaction tax.

A TT is a small tax that is applied to every financial transaction made.

It is rumored that this tax, of say just 2% will generate enough tax to abolish all other taxe, including GST and income tax.

WTF?

It's more like a debit tax of 0.4% would end the need for any other tax.

WTF, I hope you are right, if so, why the he'll are we not implementing this then.

I am sure the average wage earner could do with he extra $200 or so in th pay packet each week.

retub..its actually much less transaction tax
[.02%]..that would be needed

the why of why it isnt being done
is because 'money never sleeps'..[you might have heard the saying]

see what the bank managers do at night
is put every cent they got...into the overnight market
[see auditers sleep at night..so while you sleep that money is overseas..pretending to be their money]

they return it in the morning
and no one is any wiser

but if you lost point 02%..of it every night
the game of bluff...[that you actually havnt got any real money..would soon fall appart]

look at it this way..say your a multinational butcher
the bank account during the day says you got 20 billion
but at night your account reads zero..cause your other mate has it in his acount..pretending he is a billionair]

its clever aint it
but wait./.there is more
your a day trader..you buy up stocks or by leverage do short selling[based on the cash/credit now in your bank]but if your required to pay .02%..on every trade..you cant leverage a .01% proffit anymore

anyhow a transaction tax is the only fair tax
see tax is supposed to be only on income

note that we have income tax..NOT WAGE TAX
wage isnt 'income'

[income is money made from no value adding
and 'work'..is value adding..
like your butchers turning trimmings into sausage

but you getting rent..
or a dollar more for your sausage is income
and smarter people than you..realised long ago

that the taking of wage...[by forcing your ignorant workers
to apply for an [income]..taxfile number]..got income to govt..and they leave boss income alone,..

anyhow your workers would gladly take a wage cut
if you could half their wage taxes

thus the urgency that day traiters..pay their due
on their income...after all its their speculation
to get income tax free..that drives up the prices
on everything we consumers consume.

OUG, you say bosses don't pay tax, crap!

Not only do they pat tax, they also perform many unpaid duties like collecting income tax, GST and depositing super into workers accounts.

Why do we have to do this you ask.

Simple, because if it were left up to the average punter they wouldn't get around to it.

You see, what should happen is that all workers should be paid the entire 100% of their wage, including super, sick pay and holiday pay, weekly, and pay their own tax, save their own sick and hol pay and pay their own super.

It's a pity they can't be trusted to do this hey!

And they have the hide to whinge about unpaid hours.