another conspiracy theory? ..., page-7

Point 1:

We already have a company tax system but with transfer pricing and other accounting tricks from foreign companies the system is ineffective.

Having for many years watched ship loads of coal, iron ore, wheat, live sheep and every other conceivable export that leaves this country. I cannot believe we buy more cotton underpants and flat screen TVs in dollar value than what we export. What I do believe is that the money for these exports fails to arrive back in Australia. If the current system is failing how well will any new one ever be?

A country that asks a 10% tax of its own people (GST) has every right to apply a turn over tax on a dollar value of everything taken out of Australia by companies, Australian or foreign owned, nothing else will ever work. A tax system that is fair and reflexive is the only answer.

Point 2:

I believe that what we are currently witnessing is the end of an experiment that started some time back with Thatcher and Regan.

Somehow these people thought that you could run an economy without doing any work. Close down all the mines, factories and anything else that produced real tangible goods for sale that brought money in to the country. Replace it with some fast Eddy financial types and let China and India do the all the work that requires any kind of sweat!

If I come and cut your lawn and you wash my car it will look like a working economy but only for so long and one day people will come to realize this. I now think that one day has now arrived!

Australia should be in a better position to manage the present world problems given her wealth in resources; however, we will still need a sound fiscal skipper to manage the waters ahead. I am not convinced the current one is up to the job at hand.
Cheers: Andy