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

Australia records biggest income decline in the developed world, page-5

First 5 Last

Share
Profile

Follow
Sidonicus1

9,728 Posts.

20

09/11/23

19:37

Post #: 70818152
Share

Originally posted by pintohoo: ↑

''Economists have urged Treasurer Jim Chalmers to overhaul Australia’s tax system ''

does that infer that 'economists' want lower taxes?

well if it does - I suggest that it's wrong. I suggest that some of the best living standards in the world are in higher taxing countries.

And whilst the article mentions Sweden and Norway - in particular to mortgage rates - I suggest that both of those countries have a lot more safety net mechanisms in place - and Norway is well set up for national wealth.

There's no argument that the tax system in Oz is crap. But, what builds a nation is what you DO with the tax revenue.

and that's where Oz has a huge dog's breakfast.

Here Oz is spending half a trillion bucks on some kind of magic submarines to 'protect' itself from some imaginary foe that will invade to take????????????? what exactly?

something they can already buy dirt cheap? -------------- pfffft, it makes no sense at all. And that's just one example

Expand

Those magic subs are vital to protect our trade routes with China...... from China. Makes perfect sense ! It is time we stopped accepting crumbs in return for our epic amounts of natural resources.
8 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

GDM

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

Unemployment expectations correctly called today's 4.3% rate

BRU

Buru sinks -8% on adjusted Rafael Gas Project timeline aimed to 'reduce risk'

First 5 Last