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Hi MM To remove all taxes and introduce a Bank transaction tax...

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16/07/20

13:56

Post #: 45910137
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Originally posted by moorookamick ↑

The Welfare State which was brought into existence post WW1 & reinforces in the Great Depression was engineered to stop a Russian-like worker revolution. This was evident during the Roosevelt 1930s New Deal.

The big issue now with the hybrid Capitalist/Socialist system that we have inherited is that the wealth of the country is inequitably shared.
The GST, our second biggest tax after PAYE, is unfairly applied to the percentage of workers' take home vs that of the wealthy.
It was a new tax which was supposed to get rid of other taxes, but instead added tax to labour inputs of non fresh food goods & services' purchases.

The only extra tax that exclusively effects the rich is the Luxury Car Tax.

We have many Billionaire mining and big business barons (the Yanks called them Robber Barons before WW1) who are not paying their fair share of tax , overly influencing our political parties and perpetuating the inequities by ensuring that there are no wealth or inheritance taxes.

We all believe that we are born equal but that , like the Americans, is merely an aspiration; not a reality due to inheritance.

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Hi MM
To remove all taxes and introduce a Bank transaction tax over all bank movements would spread it around and when this was mooted by Senator Stone (One of Johs mates) the figure was about two percent and that would produce more than all the other taxes in existence

Naturally big business did not like it as it would force them to pay tax
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