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Sidonicus1

9,652 Posts.

20

09/11/23

19:37

Post #: 70818152
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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

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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.
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