Thanks for the link jjcale, that sounds pretty awful. If this does eventually happen in Oz, I want to try and get into a position whereby I am paying no or almost no tax so that I can reduce my exposure to the bail out of our irresponsible banks. Not sure how I am going to do that but at least it's a goal.
Of course you and I are already paying for the greed and stupidity that has resulted in this crisis, in super, stock holdings, increased funding costs etc.
Human greed has no bounds. Aussie banks still loaning out more than 6 times pre-tax wages, with 60% of after tax going towards repayments.
Media usually prints what people want to hear, not what they don't want to hear, until it's too late.
