Australia's largest stock trading and investment forum Australia's #1 stock forum

Aged Pension, page-55

First 55 Last

Share
Profile

Follow
pintohoo

87,914 Posts.

75

25/03/22

11:47

Post #: 60420767
Share

Originally posted by kingpins ↑

I have always thought that a flat bank or transaction tax would fit the bill and remove all other forms of tax
John Stone who got to be a Queensland senator was an advocate of this system

But it would have serious side effects which would stop it from being adopted

* Taxation department would be abolished
* Thousand of tax experts would be abolished
* ALL business would be more efficient and cheaper to run -- more experts to be sacked
* The government may have to finally operate under a budget

So no go ****
https://biography.senate.gov.au/stone-john-owen/

Expand

I think that’s probably a far better system - plus I’d put in a property taxing system similar to the French system which seriously hobbles basic housing speculation.

They still get the runaway areas occasionally - like Chamonix - but that’s purely because of Swiss money distortion of a tiny place.
Upvote

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

There are more pages in this discussion • 74 more messages in this thread...

First 55 Last