There is a vicious circle at the heart of Australian fiscal policy.
Government taxes workers’ wages. Spends more than it collects. Lifts the wage tax. Spends more. Lets bracket creep quietly raise the burden every year, a hidden tax nobody votes for.
Spends more. Prints and borrows, so inflation eats what’s left in your pocket, another hidden tax.
Spends more. Stacks excise on fuel, tobacco and alcohol; stamp duty on homes and shares; a Medicare levy on top of income tax. Spends more. Brings in a consumption tax. Spends more.
Now it has to tax capital. @cjoye
At every step the answer to overspending has been a new base to tax, never less spending.
Wages weren’t enough. Bracket creep wasn’t enough. Inflation wasn’t enough. Excise wasn’t enough. GST wasn’t enough.
So the productive stock the country has spent generations building is next in line.
That is what the proposed tax regime actually is. Not a fairness measure. The latest turn of a ratchet that only moves one way and it won’t stop until the spending does.
@GreenTyler27 They should just raise the GST to 15%. Which is a consumer tax. Cap payroll tax for under 30’s at 20%. Small businesses should be protected/encouraged as much as possible.
Reduce immigration to 100,000 net for 4 years (skilled migrants only)
@elare2002 We overpaid in draft currency. He’s on 600k which isn’t ridiculous. The problem was when he nominated us as his desired club (while under contract and Freo were filthy to trade him) we had to commit and pay the overs.
@RileyBev@JoshGabelich@AFLcomau I thought Nick was pretty good. Chris Davies and Graham Wright with all their recruiting experience would know better I guess.